ERP2000 Appendixes 2
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Transcript of ERP2000 Appendixes 2
Appendix BSTATISTICAL TABLES RELATING TO INCOME,
EMPLOYMENT, AND PRODUCTION
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
C O N T E N T S
NATIONAL INCOME OR EXPENDITURE:Page
B-l. Gross domestic product, 1959-99 306B-2. Real gross domestic product, 1959-99 308B-3. Quantity and price indexes for gross domestic product, and per-
cent changes, 1959-99 310B-4. Percent changes in real gross domestic product, 1960-99 311B-5. Contributions to percent change in real gross domestic product,
1960-99 312B-6. Chain-type quantity indexes for gross domestic product, 1959-99 314B-7. Chain-type price indexes for gross domestic product, 1959-99 316B-8. Gross domestic product by major type of product, 1959-99 318B-9. Real gross domestic product by major type of product, 1959-99 319B-10. Gross domestic product by sector, 1959-99 320B-ll. Real gross domestic product by sector, 1959-99 321B-12. Gross product of nonfmancial corporate business, 1959-99 322B-13. Output, price, costs, and profits of nonfmancial corporate busi-
ness, 1959-99 323B-14. Personal consumption expenditures, 1959-99 324B-15. Real personal consumption expenditures, 1987—99 325B-16. Private gross fixed investment by type, 1959-99 326B-17. Real private gross fixed investment by type, 1987-99 327B-18. Government consumption expenditures and gross investment by
type, 1959-99 328B-19. Real government consumption expenditures and gross invest-
ment by type, 1987-99 329B-20. Private inventories and final sales of domestic business, 1959-99 330B-21. Real private inventories and final sales of domestic business,
1987-99 331B-22. Foreign transactions in the national income and product ac-
counts, 1959-99 332B-23. Real exports and imports of goods and services and receipts and
payments of income, 1987-99 333B-24. Relation of gross domestic product, gross national product, net
national product, and national income, 1959-99 334B-25. Relation of national income and personal income, 1959-99 335B-26. National income by type of income, 1959-99 336B-27. Sources of personal income, 1959-99 338B-28. Disposition of personal income, 1959-99 340B-29. Total and per capita disposable personal income and personal
consumption expenditures in current and real dollars, 1959-99 341B-30. Gross saving and investment, 1959-99 342B-31. Median money income (in 1998 dollars) and poverty status of
families and persons, by race, selected years, 1980-98 344
301
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POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:Page
B-32. Population by age group, 1929-99 345B-33. Civilian population and labor force, 1929-99 346B—34. Civilian employment and unemployment by sex and age, 1950-
99 348B-35. Civilian employment by demographic characteristic, 1955—99 349B-36. Unemployment by demographic characteristic, 1955-99 350B-37. Civilian labor force participation rate and employment/popu-
lation ratio, 1950-99 351B—38. Civilian labor force participation rate by demographic char-
acteristic, 1955-99 352B-39. Civilian employment/population ratio by demographic char-
acteristic, 1955-99 353B-40. Civilian unemployment rate, 1950-99 354B-41. Civilian unemployment rate by demographic characteristic,
1955-99 355B-42. Unemployment by duration and reason, 1950-99 356B-43. Unemployment insurance programs, selected data, 1967-99 357B-44. Employees on nonagricultural payrolls, by major industry, 1950-
99 358B-45. Hours and earnings in private nonagricultural industries, 1959-
99 360B-46. Employment cost index, private industry, 1980-99 361B-47. Productivity and related data, business sector, 1959-99 362B-48. Changes in productivity and related data, business sector, 1960-
99 363
PRODUCTION AND BUSINESS ACTIVITY:B-49. Industrial production indexes, major industry divisions, 1950-99 364B-50. Industrial production indexes, market groupings, 1950-99 365B-51. Industrial production indexes, selected manufactures, 1950-99 ... 366B-52. Capacity utilization rates, 1950-99 367B-53. New construction activity, 1959-99 368B-54. New housing units started and authorized, 1959-99 369B-55. Manufacturing and trade sales and inventories, 1954-99 370B-56. Manufacturers' shipments and inventories, 1954-99 371B-57. Manufacturers' new and unfilled orders, 1954-99 372
PRICES:B-58. Consumer price indexes for major expenditure classes, 1958-99 373B—59. Consumer price indexes for selected expenditure classes, 1958-
99 374B-60. Consumer price indexes for commodities, services, and special
groups, 1958-99 376B-61. Changes in special consumer price indexes, 1960-99 377B-62. Changes in consumer price indexes for commodities and services,
1929-99 378B-63. Producer price indexes by stage of processing, 1954-99 379B-64. Producer price indexes by stage of processing, special groups,
1974-99 381B-65. Producer price indexes for major commodity groups, 1954-99 382B-66. Changes in producer price indexes for finished goods, 1960-99 .... 384
302
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MONEY STOCK, CREDIT, AND FINANCE:Page
B-67. Money stock and debt measures, 1959-99 385B-68. Components of money stock measures, 1959-99 386B-69. Aggregate reserves of depository institutions and monetary base,
1959-99 388B-70. Bank credit at all commercial banks, 1973-99 389B-71. Bond yields and interest rates, 1929-99 390B-72. Credit market borrowing, 1990-99 392B-73. Mortgage debt outstanding by type of property and of financing,
1945-99 394B-74. Mortgage debt outstanding by holder, 1945-99 395B-75. Consumer credit outstanding, 1950-99 396
GOVERNMENT FINANCE:B-76. Federal receipts, outlays, surplus or deficit, and debt, selected
fiscal years, 1939-2001 397B-77. Federal budget receipts, outlays, surplus or deficit, and debt, as
percent of gross domestic product, fiscal years 1934-2001 398B-78. Federal receipts and outlays, by major category, and surplus or
deficit, fiscal years 1940-2001 399B-79. Federal receipts, outlays, deficit, and debt, fiscal years 1995-
2001 400B-80. Federal and State and local government current receipts and ex-
penditures, national income and product accounts (NIPA),195&-99 401
B-81. Federal and State and local government current receipts and ex-penditures, national income and product accounts (NIPA), bymajor type, 1959-99 402
B-82. Federal Government current receipts and expenditures, nationalincome and product accounts (NIPA), 1959-99 403
B-83. State and local government current receipts and expenditures,national income and product accounts (NIPA), 1959-99 404
B-84. State and local government revenues and expenditures, selectedfiscal years, 1927-96 405
B-85. Interest-bearing public debt securities by kind of obligation,1967-99 406
B-86. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-99 407
B-87. Estimated ownership of U.S. Treasury securities, 1989-99 408
CORPORATE PROFITS AND FINANCE:B-88. Corporate profits with inventory valuation and capital consump-
tion adjustments, 1959-99 409B-89. Corporate profits by industry, 1959-99 410B-90. Corporate profits of manufacturing industries, 1959-99 411B-91. Sales, profits, and stockholders' equity, all manufacturing cor-
porations, 1952-99 412B-92. Relation of profits after taxes to stockholders' equity and to sales,
all manufacturing corporations, 1947-99 413B-93. Common stock prices and yields, 1957-99 414B-94. Business formation and business failures, 1955-98 415
303
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AGRICULTURE:Page
B-95. Farm income, 1945-99 416B-96. Farm business balance sheet, 1950-98 417B-97. Farm output and productivity indexes, 1948-96 418B-98. Farm input use, selected inputs, 1948-99 419B-99. Indexes of prices received and prices paid by farmers, 1975-99 420B—100. U.S. exports and imports of agricultural commodities, 1940-99 ... 421
INTERNATIONAL STATISTICS:B-101. U.S. international transactions, 1946-99 422B-102. U.S. international trade in goods by principal end-use category,
1965-99 424B-103. U.S. international trade in goods by area, 1990-99 425B-104. U.S. international trade in goods on balance of payments (BOP)
and Census basis, and trade in services on BOP basis, 1974—99 426
B-105. International investment position of the United States at year-end, 1990-98 427
B-106. Industrial production and consumer prices, major industrialcountries, 1975-99 428
B-107. Civilian unemployment rate, and hourly compensation, major in-dustrial countries, 1975-99 429
B-108. Foreign exchange rates, 1979-99 430B-109. International reserves, selected years, 1952-99 431B-110. Growth rates in real gross domestic product, 1981-99 432
304
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General Notes
Detail in these tables may not add to totals because of rounding.
Because of the formula used for calculating real gross domestic product (GDP),the chained (1996) dollar estimates for the detailed components do not add to thechained-dollar value of GDP or to any intermediate aggregates. The Departmentof Commerce (Bureau of Economic Analysis) no longer publishes chained-dollarestimates prior to 1987, except for selected series.
Unless otherwise noted, all dollar figures are in current dollars.
Symbols used:P Preliminary....Not available (also, not applicable).
Data in these tables reflect revisions made by the source agencies from February1999 through late January 2000. In particular, tables containing national incomeand product accounts (NIPA) estimates reflect the comprehensive revisions re-leased by the Department of Commerce in October 1999.
305
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NATIONAL INCOME OR EXPENDITURE
TABLE B-l.—Gross domestic product, 1959-99
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
19801981198219831984198519861987198819891990199119921993199419951996199719981999P
1994:1IIIllIV
1995-1IIIllIV
1996:1||IllIV
1997:1||IllIV
1998- 1||IIIIV ..
1999-1IIIllIVp
Grossdomesticproduct
507.4
527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3
1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.4
2,795.63,131.33,259.23,534.93,932.74,213.04,452.94,742.55,108.35,489.1
5,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.4
6,887.87,015.77,096.07,217.7
7,297.57,342.67,432.87,529.3
7,629.67,782.77,859.07,981.4
8,125.98,259.58,364.58,453.0
8,610.68,683.78,797.98,947.6
9,072.79,146.29,297.89.477.1
Personal consumption expenditures
Total
318.1
332.2342.7363.8383.1411.7444.3481.8508.7558.7605.5
648.9702.4770.7852.5932.4
1,030.31,149.81,278.41,430.41,596.3
1,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.7
3,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.9
4,613.84,677.54,753.04,821.3
4,868.64,943.75,005.25,058.4
5,130.55,218.05,263.75,337.9
5,430.85,466.35,569.15,631.3
5,714.75,816.25,889.65,973.7
6,090.86,200.86,303.76.424.6
Durablegoods
42.7
43.341.846.951.656.763.368.370.480.885.985.096.9
110.4123.5122.3133.5158.9181.2201.7214.4214.2231.3240.2281.2326.9363.3401.3419.7450.2467.8
467.6443.0470.8513.4560.8589.7616.5642.9698.2758.1546.2553.6563.2580.0
578.2584.4596.2600.0
606.4621.3616.7621.5
636.1627.8651.9655.8
679.2693.9696.9722.8
739.0751.6761.8780.1
Non-durablegoods
148.5
152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2
272.0285.5308.0343.1384.5420.7458.3497.2550.2624.4
696.1758.9787.6831.2884.7928.8958.5
1,015.31,082.91,165.4
1,246.11,278.81,322.91,375.21,438.01,497.31,574.11,641.71,708.91,841.1
1,409.71,425.11,44951,467.2
1,475.81,492.21,502.61,518.5
1,539.61,569.41,578.81,608.4
1,630.51,627.11,652.31,657.1
1,674.61,701.21,716.61,742.9
1,787.81,824.81,853.91.897.7
Serv-ices
127.0
136.1144.3154.1163.4176.4189.5204.7221.2242.3266.4
292.0320.0352.3385.9425.5476.1532.6600.0678.4757.4
852.7954.0
1,051.51,174.01,286.91,420.61,535.41,670.31,823.51,963.5
2,117.82,249.42,415.92,566.12,717.62,882.03,047.03,239.83,441.53,655.7
2,657.92,698.82,739.82,774.0
2,814.72,867.12,906.32,939.9
2,984.43,027.43,068.23,107.9
3,164.23,211.43,265.03,318.5
3,360.93,421.13,476.13,508.0
3,564.03,624.33,688.03.746.7
Gross private domestic investment
Total
78.5
78.978.288.193.8
102.1118.2131.3128.6141.2156.4152.4178.2207.6244.5249.4230.2292.0361.3436.0490.6
477.9570.8516.1564.2735.5736.3747.2781.5821.1872.9
861.7800.2866.6955.1
1,097.11,143.81,242.71,383.71,531.21,621.6
1,042.01,106.41,094.01,146.1
1,162.81,133.11,123.51,155.6
1,172.41,231.51,282.61,284.3
1,327.01,392.21,395.91,419.6
1,514.31,495.01,535.31,580.3
1,594.31,585.41,635.01.671.8
Total
74.675.775.282.088.197.2
109.0117.7118.7132.1147.3150.4169.9198.5228.6235.4236.5274.8339.0410.2472.7
484.2541.0531.0570.0670.1714.5740.7754.3802.7845.2
847.2800.4851.6934.0
1,034.61,110.71,212.71,315.41,460.01,577.4
998.11,026.61,042.01,071.6
1,100.11,097.21,110.11,135.4
1,165.61,201.71,232.61,250.9
1,274.11,299.61,338.31,349.4
1,415.41,454.21,461.71,508.9
1,543.31,567.81,594.21.604.1
Fixed investment
Nonresidential
Total
46.549.448.853.156.063.074.885.486.493.4
104.7
109.0114.1128.8153.3169.5173.7192.4228.7278.6331.6360.9418.4425.3417.4490.3527.6522.5526.7568.4613.4630.3608.9626.1682.2748.6825.1899.4986.1
1,091.31,166.5
721.7738.2752.7781.8812.5820.3825.2842.3
865.1885.4913.6933.7
952.7972.7
1,007.71,011.4
1,065.91,090.81,087.21,121.4
1,139.91,155.41,181.61.189.1
Struc-tures
18.1
19.619.720.821.223.728.331.331.533.637.740.342.747.255.061.261.465.974.691.4
114.9133.9164.6175.0152.7176.0193.3175.8172.1181.6193.4202.5183.4172.2179.4187.5204.6225.0254.1272.8272.6
178.0188.2189.9193.9200.5204.8206.2207.0
213.4220.0226.3240.3
247.6247.8257.8263.1267.4274.0271.7278.0
274.7272.5272.1271.1
Equip-mentandsoft-ware
28.4
29.829.132.334.839.246.554.054.959.967.068.771.581.798.3
108.2112.4126.4154.1187.2216.7227.0253.8250.3264.7314.3334.3346.8354.7386.8420.0
427.8425.4453.9502.8561.1620.5674.4732.1818.5893.9
543.7550.0562.8587.9
612.0615.5619.0635.3
651.7665.4687.3693.4
705.2724.9749.9748.3
798.4816.8815.4843.4
865.2882.9909.5918.1
Resi-dential
28.1
26.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5
110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.fr234.2231.8216.8191.5225.5251.8286.0285.6313.3329.2368.7410.9276.4288.4289.3289.8
287.6276.9284.9293.1300.5316.3319.0317.2321.4326.8330.7338.0
349.5363.4374.5387.5
403.4412.4412.7415.0
Changehi
pri-vate
inven-tories
3.9
3.23.06.15.64.89.2
13.69.99.19.22.08.39.1
15.914.0-6.317.122.325.818.0-6.329.8
-14.9-5.865.421.86.6
27.118.527.714.5
15^021.162.633.030.068.371.244.343.879.852.074.662.735.813.420.26.8
29.850.033.5
52.992.657.670.298.940.873.771.4
51.017.640.867.6
See next page for continuation of table.
306
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TABLE B-l.—Gross domestic product, 1959-99—Continued[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
195919601961 . . .196219631964196519661967
19701971 ." .. .197219731974 .!"""!!19751976 .197719781979 I:"""19801981 .'198219831984 .'I:!1985198619871988 . .198919901991 .19921993199419951996199719981999*1994:1
IIIllIV
1995:1IIIllIV
1996:1IIIllIV
1997:1
Ill ".IIV
1998:1||III "IIV
1999:1IIIll
Net exports of goodsand services
Netexports
-1.72.43.42.4
191.91.4
-1.3-1.2
1.2-3.0-8.0
.6-3.113.6-2.3
-23.7
J.i
Il50-20i5-51.7
-102.0-114.2-131.9-142.3-106.3-80.7-71.4-20.7-27.9-60.5-87.1
-88'.3-149.6-256.8-71.3-84.2-99.1-93.8-94.5
-109.0-74.2-59.3-75.8-89.8
-110.6-79.7-87.7-77.5-90.6-97.4
-117.4-153.9-165.7-161.2-201.6-245.8
Exports
20.625.326.027.429.433.635.438.941.445.349.357.059.366.291.8
124.3m158.8186.1228.7278.9302.8282.6277.0303.1
320 3365^446.9509.0557.2601.6636.8658.0725.1818.6874.2968.0966.3996.3683.8714.5736.1765.8787.7802.5834.1850.0853.3864.7865 6913'.!929.6965.3988.6988.6974.3960.1949.1981.8
8B1,008.51,031.5
Imports
22.322.822.725.0
Si31.537.139.946.650.555.862.374.291.2
127.5122.7151.1182.4m3178303:2328.6405.1417.2452.2507.9553.2589.7628.6622.3664.6718.5812.1m
1,056.31,115.91,253.1
755.1798.7835.2859.6882.2911.5
929.1954.5976.1992.8
1,017.31,042.81,079.21,086.01,091.71,114.01,114.81,143.11,168.51,224.01,286.61,333.3
Government consumption expendituresand gross investment
Total
112.5113.8121.5132.2138.5145.1153.7174.3195.3212.8224.6237.1251.0270.1287.9322.4361.1384.5415.3
569.7631.4684.4735.9800.8
942.3
10369i:i00.21,181.41,235.51,270.51,293.01,327.91,372.01,421.91,481.01,529.71,628.71,303.31,316.11348.11,344.01,360.61,374.91,378.31,374.51,402.61423.01,423.41,438.91,455.81,478.61490.11,499.51,499.01,526.51,538.71,554.81,589.11,605.91,637.21,682.6
Federal
Total
67.465.969.576.9
?!!82.194.4
106.8114.0116.1116.4117.6125.6127.8138.2m176.0mm312.8344.4376.4413.4438.7
482.6508.4527.4534.5527.3521.1
ffii537.8538.7570.8515.8515.9532.5520.0523.4525.5525.0512.3530.6537.2529.1529.4530.2543.0540.9537.1526.1542.2539.7546.7557.4561.6569.?594.6
Nation-al
de-fense
56.055.258.162.862.761.862.473.885.8
Si90.989.093.593.999.7
122.6
1467
Ills2283
312:4332.2351.2
363.2374.9384.5378.5364.9355.1350.6357.0352.5348.6364.7349.4353.9366.9350.4352.2353.9m356.1361 3355:6355.0347.0
SH353.6338.9347.9354.7352.9355.8354.3m
Non-de-
fancotense
11.410.711.314.115.818.019.720.721.0
Si25.528.6
33 93g:s44.247.453.5
65!:?84084'.592.092.8
101.0106.5109.3106.8119.3133.6142.9156.0162.4165.9170.9174.6
206.1166.3162.0165.6169.7171.2171.6172.3168.7174.5175.9173.5174.5183.2188.1186.4183.5187.2194.3185.0193.8201.6207.3204.4211.2
Stateandlocal
45.147.952.055.359.965.371.679.988.6m
120.7133.5144.4160.1184.2209.0223.9239.3
324.4349.6371.6391.5424.4
5036537:5574.3617.7673.0708.1736.0765.7806.8
991.01,057.9
787.5800.2815.6824.0837.1849.4
872.0885.7894.3909.4925.6
962.'3972.9
m1,008.1
H
Finalsales ofdomes-
ticproduct
503.5524.1542.7580.4613.1659.6710.9775.7824.2
SB1,037.71,120.31,231.31,369.71,487.0
2 009.1
2;s4siffli3,274.1m4,191.24,446.3mi5,461.45,788.75,986.46,303.96,621.26,991.8
Si!9,204.26,844.06,936.07,044.07,143.17,234.87,306.87,419.4
7,622.87,752.97,809.07,947.98,073.0mi8,382.88,511.7m8,876.29,021.69,128.69,257.09,409.5
ticpur-
chases1
509.1525.0542.3584.1m716.2787.4832.6912.7986.5
1,038.51,131.61,248.41,384.91,504.21,621.61,826.2
2,'590:42,810.53146.33,279.83,586.6
4:327:24,584.7m5,569.85,874.76,006.96,346.86,702.87,141.47,484.87,902.1
.6,959.17,100.07,195.17,311.57,392.07,451.6
t44g
8,061.18,213.6m8,550.48,728.0im9,108.8
m9,575.99,778.9
Adden-
Grossnationalprod-uct2
510.3530.6549.3590.7623.2669.4725.5794.5839.5917.6991.5
1,046.11,136.21,249.11,398.21,516.71,648.41,841.0
2;599.32,830.83,166.13,295.7
4 23844;468.3
s:509!45,832.26,010.96,342.36,666.77,071.17,420.97,831.2m6,908.57,032.47,111.17,232.67,318.97,367.97,444.17,552.77,656.57800.37870 5X997J8,131.18,269.18366.58,453.38,613.7m8,930.59,058.29,131.99,282.3
Percent changefrom preceding
nprinrl1*61 luu
Grossdomes-
ticprod-uct
3.93.57.55.57.48.49.65.7
!i5.58.69.9
11.78.38.9
11.511.413.011.8
120U8.5
11.3
5.76.5
U5.73.25.65.16.24.95.66.25.55.65.57.64.77.04.52.5
B5.48.34.06.47.46.75.24.37.73.45.47.05.73.3
7!s
Grossdomes-
ticpur-
chases^
3.13.37.75.47.18.79.95.79.68.15.39.0
10.310.98.67.8
12.612.513.011.68.5
12.04.29.4
12.57.26.0y6.85.52.35.75.66.54.85.66.26.26.75.88.35.56.64.53.33.04.46.39.05.04.77.86.15.84.68.65.15.86.6
52
ii1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net income receipts from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.
307
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Real gross domestic product, 1959-99[Billions of chained (1996) dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962 .. .1963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987 '.19881989 '. .'.19901991 '.19921993199419951996199719981999^1994-1
IIIllIV
1995:1IIIllIV
1996- 1if!' .'.'IllIV
1997- 1 ...IIIllIV '. '.'.
1998:1IIIllIV '.'.
1999:1IIIllIV"
Grossdomesticproduct
230002,357.2241212'557 62,668.22,822.73,002.83,199.53,279.53,435.63,543.23,549.43,660 23,854.24,073.14,061.74,050.34,262.64,455.74,709.94,870.14,872.34,993.94,900.35,105.65,477.45,689.85,885.76,092.66,349.16,568.76,683.56,669.26,891.17,054.17,337.87,537.17,813.28165.18,516.38,861.07,218.57,319.87,360.57,452.37,480.47,496.07,555.07,616.87,671.47,800.57,843.37,937.58,033.48,134.88,214.88,277.38,412.78,457.28,536.08,659.28,737.98,778.68,900.69,026.9
Personal consumption expenditures
Total
145481,494.415246l'599.71,665.71,765.21,876.41,983.32,042.72,159.12,241.22,293.02 373.62,513.22,634.02,622.32,681.32,826.52,944.03,081.63,168.03,169.43,214.03,259.83,431.73,617.63,798.03,958.74,096.04,263.24,374.44,454.14,460.64,603.84,741.94,920.05,070.15,237.55,433.75,698.65,998.74,857.64,899.24,936.74,986.45,004.75,053.65,094.05,128.05,170.35,227.55,255.45,296.85,361.15,385.15,471.85,517.15,592.35,675.65,730.75,795.85,888.45,961.86,033.36,111.2
Durablegoods
455.2481.5491.7487.1454.9479.0518.3557.7583.5616.5657.4731.5815.1546.9551.7557.7574.3570.4577.4590.7595.7601.7620.4618.1625.7642.1639.7669.7678.0704.9723.9731.2766.0788.8806.1821.2844.5
Non-durablegoods
1,274.51,315.11,351.0
i£S1,389.71,430.31,485.11,529.01,574.11,619.91,685.31,774.61,465.31,477.61,490.91,506.51,514.31,525.31,531.71,544.61,553.91,569.91,578.61,593.91,609.01,608.21,630.71,631.81,654.91,681.91,692.01,712.61,749.51,763.71,779.31,805.9
Services
2,361.52,460.62,526.12,595.12,645.52,739.42,795.42,878.02,957.83,047.03!l56.73,284.53,416.82,846.42,870.92,888.92.905.72,920.42,951.32,971.82,987.83,014.83,037.23,058.83,077.23,110.13,137.03,172.03,207.83,234.23,272.23,309.63,322.03,356.53,399.23,440.63,470.6
Gross private domestic investment
Total
27292728271.0305.3325.7352.6402.043734172441.346694362485.8543.06065561.746225555639.4713.07354655.3715.6615.26737871.5863.48577879.3902.8936.5
Bi899.8977.9
1,107.01,140.61,242.71,385.81547.41,636.21,057.31,118.51,101.81,150.51,162.41,128.51,119.11,152.41,172.31,233.41,281.41,283.71,326.51,394.11,397.61,424.91,531.51,513.11,551.11,593.91,608.21,599.81,651.61,685.4
Fixed investment
Total
856.0887.1911.2
95&4
iffi1,212.71,316.01,471.81,589.41,014.91,039.91.050.91,078.01,101.91,095.01,107.11,132.71,165.21,203.71,231.61,250.21,274.11,300.61,337.91,351.31,424.21,466.71,474.01,522.51,555.91,581.01,607.31,613.5
Nonresidential
Total
572.5603.6637.0641.7610.1630.6683.6744.6817.5899.4995.7
1,122.51,215.4
720.0734.1747.2777.1806.4811.4816.7835.5861.6885.6914.3936.2957.9980.8
1,018.01,026.11,088.61,120.21,120.31,160.81,182.71,202.91,234.31,241.9
Struc-tures
224.3227.1232.7
i198.9200.5210.1225.0244.0254.1247.3193.2202.9202.3203.8208.1211.0210.9210.4215.9221.3225.4237.3242.0239.5245.9248.6252.1256.4252.1255.7251.9248.5246.1242.8
Equip-mentandsoft-ware
360.0386.9414.0415.7407.2437.5487.1544.9607.6674.4751.9870.6975.5527.4532.6545.7573.7598.5600.7606.0625.0645.8664.3688.9698.8715.8741.5772.3777.8837.9865.5870.6908.5935.7960.9996.6
1,008.7
Resi-dential
290.7289.2277.3253.5221.1257.2276.0302.7291.7313.3320.6350.2375.4296.5307.5305.2301.8295.8283.5290.4297.3303.6318.1317.3314.0316.3320.0320.5325.7336.5347.4354.2362.6373.7378.8375.1374.0
Changein
pri-vate
inven-tories
29.618.429.616.5-1.017.120.066.830.430.069.1'74.341.947.885.856.377.462.232.59.0
18.05.6
30.351.232.951.593.159.272.7
107.343.176.170.750.114.038.065.4
See next page for continuation of table.
308
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-2.—Real gross domestic product, 7959-99—Continued[Billions of chained (1996) dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I960196119621963 ..!19641965 '. "'".196619671968 .."II..196919701971197219731974 ..II....19751976 ..197719781979 ..III.19801981 ..III1982183 " T.19841985198619871988..1989199019911992199319941995 I"""I19961997 :1998 ..'.1999*1994:1
||IllIV
1995:1||IIIiv II!
1996:1IIIllIV
1997:1||III".'IV
1998:1||IIIIV
1999:1
Ill "IIIV*
Net exports of goodsand services
Netexports
-157.6-113.5-81.2
*-18.7-59.9-87.6-79.2-89.0
-109.8-215.1-324.5-81.2-87.2-93.2-88.6-93.4-98.3-68.0-56.9-75.6-90.6
-115.8-73.9-90.8
-100.9-118.7-128.7-171.7-218.4-237.9-232.3-284.5-319.C-338.2-356.1
Exports
71.986.8
Si100.0113.3115.6123.3126.0135.2142.7158.1158.9171.7209.1229.6228.3241.0246.9273.1299.9332.8336.7mIs406'.6472.2527.6573.6612.6652.1671.9731.8807.4874.2985.4
1,007.11,042.5
695.7724.0741.4766.2779.7788.1821.2840.8845.6859.8867.1924.2943.9979.9
1,006.81,011.21,007.3
997.2993.0
1,030.81,016.41,026.41,054.81,072.4
Imports
106.6108.0107.3119.5122.7129.2142.9164.2176.2202.4213.9223.1235.0261.3273.4267.2237.5284.0315.0342.3347.9324.8333.4329.2370.7461.0490.7531.9564.2m,m,670.8731.8819.4886.6963.1
1,095.21,222.21,367.0
776.8811.3834.6854.8873.1886.4889.1897.8921.1950.4982.9998.1
1,034.71,080.81125.51,139.91,179.01,215.61,231.01,263.11,300.91,345.41.393.C1,428.6
Government consumption expendituresand gross investment
Total
659.7659.5691.3732.9750.2764.8788.6859.3924.1953.4950.0
902:6921.3
947.4977.6997.6
liesm1,116.31,188.41253.21,290.91,306.11,341.81,385.51,402.8
m!$:491,421.91,455.11,480.31,534.61,387.31,389.71,416.81,403.91,406.81,413.51,410.41,393.21,404.41,430.21,422.11,431.01,437.01,457.11,463.31,463.01,459.21,480.71,485.31,495.91,514.61,519.51,536.51,567.7
Federal
Total
597.5586.7594.5606.6604.8595.2571.9551.2536.4531.6530.9526.1541.3550.7545.1563.1546.0544.0544.2540.4517.1529.0540.1529.5527.7523.9536.4534.6528.8515.4530.1527.0532.0531.4534.2
Nation-al
de-fense
450.2446.84433443.2438.4417.1394.7375.9361.9357.0348.3341.7348.13733374.5387.8367.8
919i356.4363.0355.4353.3342.9
348'.6332.7341.6347.5344.9341.4339.2348.3363.7
Non-de-
fense
146.3138.7150.3162.8165.9178.0177.2175.4174.5174.6182.7184.4193.1177.4170.6175.3178.2177.2177.2177.0166.8172.7177.2174.1174.4181.0185.5183.9180.2182.6188.4179.6187.1189.9194.2191.3196.4
Stateandlocal
""694.4720.3748.1779.6
848.3869.5890.4924.1953.9993.0836.7844.8
870.0876.1875.4
903.4913.1920.7928.6934.1943.6950.5958.1963.6982.9985.1996.6
1,007.5
Finalsales ofdomes-
ticproduct
2,298.42,359.02,415.52,548.12,661.42,820.22982.73,163.33,259.43,419.53,527.63,559.73,650.53,84334,043.94,043.44,083.94,239.64,422.84,672.44,852.4
|:|]t;i27:55,400.55,671.65885.96,068.26,333.46,542.4
HI
1!m8,441.38,813.77,176.37,2m
7;378.47,419.17,462.3m7,664.67,770.97793.57,903.77,981.18,042.08,155.38,204.38,307.08,410.48,459.68,588.38,685.28,757.98,855.88,955.9
Grossdomes-
tic
chases »
2,360.02,399.9
£9!2,714.62,861.53,055.7
3;527!93,638.9
3&2J4,150.04,102.64,054.54,309.14,534.74,788.14,918.14,838.54,966.14,899.85170.15,621.4mm6,653.7
mi6,906.47,113.17,425.37,615.8
8',273'.98,723.29,165.57,299.67406.97,453.87,540.97,574.07594.67,622.27,672.77,746.57,891.07,959.08,011.98,124.58,235.48,331.98,403.98,579.78,667.28,764.28,881.59,007.49,078.29,216.99,359.4
Adden-
Grossnational
prod-uct ^
2,315.72,374.4
£8t$l3,028.3
31462:23,568.83,574.73,688.83,885.24,114.74,108.0
4306:34,505.24758.84,935.64,936.25,050.84,956.45,160.6
572635,908.46,112.26,373.76,594.76,718.16696.96,915.87080.37,355.57,558.07,831.28168.88,506.0
7,240.17337.07,376.67,468.27,502.77,522.07,566.77,640.67,698.77,818.37854.77,953.38,038.18,144.08,216.28,277.28,414.88,456.68,510.68,641.98,723.38,764.38,885.5
Percent changefrom preceding
period
Gross
ticprod-uct
2.5886.4
8831
8:i5.2
83.4.0
2.5-1.9
4.2
83.43.5
3i51.7
fl4.02.73.74.5
JiB2.25.11.5.8
3.23.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8
Grossdomes-
ticpur-
chases1
1.72.26.34.15.46.86.92.7
8M5.54.7
-1.1-1.2635.25.62.7
-1.62.6
-1.35.5
Si3.6
82.8
li84.42.63.84.75.45.1436.02.64.81.81.11.52.73.97.7
2.'75.75.64.83.58.64.14.65.55.8
863
1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net income receipts from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.
309
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-3.—Quantity ami price indexes for gross domestic product, and percent changes, 1959—99[Quarterly data are seasonally adjusted]
Year or quarter
1959I960196119621963196419651966i%7 .r'lirii''"1968i%9 :: ::::: :::1970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994995996 r. i :...:
p
1994:1||II!IV
1995- 1||IllIV
1996- 1 . . . .IIIllIV
1997:1||IIIIV
1998-1||IllIV . .
1999:1IIIIIIV/>
Gross domestic product (GDP)
Index numbers, 1996=100
GDP(currentdollars)
6.496.756.987.517.928.509.22
10.1010.6811.6712.6113.3114.4415.8817.7319.2120.9323.3426.0029.3832.8535.7840.0841.7145.2450.3353.9256.9960.7065.3870.2574.2876.6280.8885.0190.2994.72
100.00106.24112.12118.3788.1689.7990.8292.3893.4093.9895.1396.3797.6599.61
100.59102.15104.00105.71107.06108.19110.21111.14112.60114.52116.12117.06119.00121.30
Real GDP(chain-type
quantityindex)
29.4430.1730.8732.7334.1536.1338.4340.9541.9743.9745.3545.4346.8549.3352.1351.9951.8454.5657.0360.2862.3362.3663.9262.7265.3570.1172.8275.3377.9881.2684.0785.5485.3688.2090.2993.9296.47
100.00104.50109.00113.4192.3993.6994.2195.3895.7495.9496.7097.4998.1999.84
100.39101.59102.82104.12105.14105.94107.67108.24109.25110.83111.84112.36113.92115.54
GDPchain-typeprice index
22.0622.3722.6222.9323.1823.5323.9824.6625.4326.5227.8129.2930.8332.1834.0136.9440.3742.7845.5848.7452.6957.3962.7166.5169.2371.8074.0575.6777.8480.4683.5686.8489.7691.7094.1796.1498.19
100.00101.66102.86104.3295.4295.8596.4196.8597.5697.9698.3998.8699.4699.77
100.21100.56101.14101.53101.83102.15102.41102.70103.06103.28103.79104.13104.41104.94
GDPimplicitprice
deflator
22.0622.3722.6222.9323.1923.5423.9824.6725.4326.5327.8129.2930.8332.1834.0236.9640.3742.7945.5948.7552.7057.3862.7066.5169.2471.8074.0575.6677.8480.4683.5686.8389.7691.7094.1696.1498.19
100.00101.66102.86104.3795.4295.8596.4196.8597.5597.9598.3898.8599.4599.77
100.20100.55101.15101.53101.82102.12102.35102.68103.07103.33103.83104.19104.46104.99
Percent change from preceding period *
GDP(currentdollars)
3.93.57.55.57.48.49.65.79.38.15.58.69.9
11.78.38.9
11.511.413.011.88.9
12.04.18.5
11.37.15.76.57.77.55.73.25.65.16.24.95.66.25.55.6
H4.77.04.52.55.05.35.48.34.06.47.46.75.24.37.73.45.47.05.73.36.87.9
Real GDP(chain-type
quantityindex)
2.52.36.04.35.86.46.62.54.83.1
3.15.35.7-.3-.35.24.55.73.4
.02.5
-1.94.27.33.93.43.54.23.51.7
132.4
S3.74.54.34.03.65.72.25.11.5
3.!3.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8
GDPchain-typeprice index
1.41.11.41.11.51.92.93.14.34.85.35.34.45.78.69.36.06.56.98.18.99.36.14.13.73.12.22.93.43.93.93.42.22.72.12.11.81.71.21.41.91.82.41.82.91.61.81.92.51.31.81.42.4
!i1.31.01.11.4.9
2.01.31.12.0
GDP
pricedeflator
1.41.11.41.11.51.92.9
li4.85.35.34.4
ii9.26.06.56.98.18.99.36.14.13.73.12.22.9
i:493.93.42.22.7a1.81.71.21.51.91.82.41.92.91.71.81.92.51.31.71.42.41.51.11.2.9
1.31.51.02.01.41.12.0
1 Percent changes based on unrounded data. Quarterly percent changes are at annual rates.Source: Department of Commerce, Bureau of Economic Analysis.
310
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-4.—Percent changes in real gross domestic product, 1960-99[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]
Year orquarter
1960196119621963 :::196419651966196719681969 III19701971 '..19721973 "II"19741975 II.""197619771978197919801981 I....I19821983 III1984}||1987 III
19891990 ...199119921993199419951996199719981999*1994:1
IIIllIV
1995:1
HillIV
1996:1IIIllIV
1997:1jlmilIV
1998:1IIIllIV
1999:1IIIllIV*
Grossdomes-
ticproduct
2.52.36.04.35.86.46.62.54.83.1
.2
B_3-35.24.55.73.4.0
2.5-1.9
4.27.33.93.43.54.23.51.7-.23.32.44.02.7374.54.34.03.65.72.25.11.5.8
3.23.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8
Personal consumptionexpenditures
Total
2.72.04.94.16.06.35.73.05.73.82.3
U4.8-.42.35.44.24.72.8.0
1.41.45.35.45.04.23.54.12.61.8.1
3.2
ii3.0333.74.95.33.9
If4.11.54.0
3.34.52.23.24.91.8
to5.66.13.94.66.55.14.95.3
Dura-ble
goods
2.0-3.811.79.79.3
12.68.51.6
11.03.6
-3.2
1810.3-6.9
.012.89.35.3
-7.91.3.0
14.914.69.99.11.75.82.1-.9
-6.65.3
H4.65666
11.311.45.33.54.4
12.4-2.7
5.09.53.44.1
13.0-1.5
5.010.9-1.520.25.0
16.911.24.1
20.412.49.17.7
11.8
Non-dura-
blegoods
1.51.83.12.1
sis1.64.62.72.41.84.43.3
-2.01.54.92.43.72.7-.21.21.03.34.02.73.62.43.2
1.4-.41.92.93.8
29294.05.35.03.43.64.32.12.91.73.42.44.22.24.03.8-.2
.35.86.72.45.08.93.33.66.1
Serv-ices
4.44.14.94.66.15.35.04.95.15.04.03.25.24.53.13.63.84.15.33.82.41.62.14.64.3
84.64.22.72.71.93.52.0302.8303.64.04.03.1
H2.42.04.32.82.23.73.02.92.44.33.5
tt3.34.84.71.54.25.25.03.5
Gross private domesticinvestment
Nonresidential fixed
Total
5.7-.68.75.5
11.917.412.5-1.4
4.47.6-.5
9!lg
-9!94.9
11.314.110.0-.15.6
-3.7-1.017.6
-8-.15.45.5.7
-4.93.48.4899.8
10010'.712.78.34.7
H17.016.02.52.69.5
13.111.613.610.09.6
li26.7
Q
15'.37.87.0
10.92.5
Struc-tures
7.91.34.51.1
10.415.96.8
-2.51.45.4.3
-1.63.18.1
-2.1-10.5
2.54.1
11.812.66.67.9
-1.5-10.4
14.3
~-3i6132.51.5
-11.0-6.1
.8
1871854.1
-2.7-15.4
21.5-1.0
2.88.85.8-.3
10.810.57.5
23.08.0
-4.011.24.35.77.1
-6.65.8
-5.8-5.3-3.8-5.3
Equip-mentandsoft-ware
4.2-1.911.58.4
12.718.315.9-76.28.8
-1.0j18.32.5
-9.66.2
15.015.28.7
-3.64.2
-5.25.4
19.56.42.01.77.57.0.4
-2.07.4
11.311911.5110u's15.812.012.5
22.'l18.41.53.6
13.114.012.015.75.9
10.115.217.72.8
34.713.8
18.612.511.215.74.9
Resi-dential
-7.1.3
9.611.8
^9-3.113.63.0
-6.027.417.8-.6
-20.6-13.0
23.521.56.3
-3.7-21.1-8.0
-18.241.114.61.4
12.0.2
-.5-4.1-8.6
-12.816.37.39.7
74239.27.29.1
15.7-3.0-4.4-7.7
-15.610.19.78.8
20.6-1.0-4.1
3.04.7
a14.013.68.09.8
12.95.5
-3.8-1.2
Exports and im-ports of goodsand services
Ex-ports
20.81.75.37.6
13.32.06.72.2
5.510.8
8'.021.89.8-.65.62.4
10.69.8
10.91.2
-7.0-2.6
8.42.87.4
11.416.111.78.76.86.43.089
10i383
12'72.23.51.6
17.310.014.17.24.4
17.99.92.36.93.5
29.08.8
16.211.51.8
-1.5-4.0-1.716.1-5.5
4.011.56.9
Im-ports
1.3-.7
11.32.75.3
10.614.97.3
14.95.74.35.3
11.24.6
-2.3-11.1
19.610.98.71.7
-6.62.6
-1.312.624.36.58.46.13.83.93.8-.56.6
8.286
13.711.611.87.9
18.912.010.08.86.2
ti10.813.314.46.3
15.519.117.65.2
14.413.05.2
10.812.514.414.910.6
Government consump-tion expenditures and
gross investment
Total
0.04.86.02.42.03.19.07.53.2-.3
-2.3-2.0
.0-.82.120-1
932202.1.9
1.63.33.5
H3.0122.73.31.2.6
-.9'c
112.31.73.7
-3.9
8.0-3.6
.81.9
-d3.37.5
-2.32.51.75.71.7
-1.06.01.32.95.11.34.58.4
Fed-eral
-3.03.98.3-.3
-1.7
11.39.7
.9-3.3-7.0-7.2-2.2-5.0-.3
.0-1.2
1.72.72.54.84.73.76.33.1
113.7
-1.81.32.0-.3
-1.6-3.9-3.6-2.7-.9_'Q
2i9-11.1-4.113.9
-11.6-1.4
.2
4H9.68.7
-7.7-1.3-2.8
9.9-1.3-4.2-9.811.9-2.3
3.9-.52.14.1
16.0
Stateandlocal
4.46.13.06.16.76.76.35.05.93.02.83.02.02.83.93.4.8.4
3.61.7.1
-1.9.0.8
3.85.45.42.43.73.94.22.42.2
ii2.5243.83.24.11.1
111.92.33.0a-.36.91.14.94.43.43.52.44.13.03.32.38.2
.94.84.4
Note.—Percent changes based on unrounded data.Source.- Department of Commerce, Bureau of Economic Analysis.
311
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-5.—Contributions to percent change in real gross aomestic product, 7960-99[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]
Year orquarter
196019611962196319641965196619671968196919701971197219731974197519761977 . ..19781979 . ..19801981198219831984198519861987198819891990199119921993199419951996199719981999'1994:1
ii .IllIV
1995- 1IIIllIV
1996- 1||IIIIV
1997- 1IIIllIV
1998-1II ..IllIV .. .
1999:1IIIllIV'
Grossdomes-
ticproduct
(per-cent
change)
2.52.36.04.35.86.46.62.54.83.1
.23.15.35.7-.3-.35.24.55.73.4
.02.5
-1.94.27.33.93.4354.23.51.7-23.32.44.02.73.74.54.34.03.65.72.25.11.5.8
3.23.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8
Persona
Total
1.711.273.092.563.703.903.511.823.472.331.412.193.652.98-.281.393.412.622.941.75.03.89.88
3.373.503.172.732.272.681721.20.10
2.132.002.522.042.222.513.243.522.562.362.052.791.092.642.201.812.173.061.412.143.281.244.292.223.753.962.643.134.273.363.333.59
Durablegoods
0.17-.31
.89
.77
.771.06.73.13.92.31
-.28.81
1.07.90
-.61.00
1.04.80.47
-.03-.66
.10
.001.08115.81.7816.5118
-.08-53
.39
.61
.59
.37
.44
.51
.86
.89
.41
.28
.35
.95-.20
.39
.74
.27
.32
.99-.12
.39
.81-.111.42.38
1.24.84.33
1.51.96.71.62.93
Non-durablegoods
0.44.53.90.59
1.331.431.46.42
1.18.69.61.47
1.11.82
-.51.37
1.24.60.91.65
-.04.29.23.80.93.61.78.52.6858.30
-.09.40.61.79.60.60.59.79
1.04.99.70.73.88.46.60.35.69.47.86.44.79.78
-.021.11.06
1.151.28.49.98
1.68.64.73
1.22
Serv-ices
1.101.051.301.201.601.401.321.271.361.331.08.91
1.461.26.84
1.021.131.221.561.13.72.49.65
1.491.421.751.161.591.49
95.98.71
1.34.79
1.151.081.181.411.591.591.161.37.97.95.84
1.651.11.85
1.391.221.09.96
1.691.381.761.781.371.851.83.64
1.632.011.971.43
Gross private domestic investment
Total
0.00-.101.801.001.242.151.44-.76
.89
.90-1.04
1.661.861.96
-1.31-2.98
2.832.432.06
.60-2.09
1.58-2.55
1.484.62-.17-.12
.42
.4460
-.49-1.26
1.121.181.89.47
1.371.821.93.99
2.543.57-.932.72.51
-1.90-.531.811.163.262.50.15
2.133.33
.171.305.04-.851.741.94.67
-.362.251.46
Fixed investment
Total
0.13-.051.231.071.371.49.86
-.28.99.90
-.311.091.801.46
-1.04-1.71
1.422.181.941.01
-1.18.38
-1.211.192.67.89.20.00.5842
-.28-1.00
.861.091.28.88
1.391.311.861.32.79
1.41.60
1.511.31-.38
.661.381.742.041.43.95
1.191.301.80.63
3.451.95.34
2.201.481.101.16.28
Nonresidential
Total
0.52-.06
.77
.501.071.641.29-.15
.46
.77-.06-.01
.921.50.09
-1.14.52
1.191.591.22-.01
.73-.50-.132.04.83
-.34-.01
.6061.08
-.53.34.82.91
1.031.101.221.491.02.44.81.73
1.691.63.27.29
1.021.411.281.471.121.071.121.78.38
2.911.42.01
1.79.94.86
1.33.33
Struc-tures
0.28.05.16.04.36.57.27
-.10.05.20.01
-.06.12.31
-.08-.43
.09
.15
.44
.51
.30
.39-.08-.54
61.33
-.49-14
.0509.05
-38-.18
.02
.02
.13
.20
.25
.13-.08-.45
.52-.03
.08
.23
.16-.01-.02
.28
.29
.2161.24
-.12.32.13.18.22
-.21.18
-.18-.16-.11-.15
Equip-
andsoft-ware
0.24-.11
.61
.46
.711.071.02-.05
.40
.57-.07
.06
.801.18.17
-.71.42
1.041.15.71
-.30.34
-.42.41
1.43.50.1613.5652.03
-15.52.80.89.90.91.97
1.371.10.89.30.75
1.611.39.11.30
1.041.13.99
1.27.51.83
1.241.45.24
2.731.21.22
1.611.121.021.44.48
Resi-dential
-0.39.01.46.58.30
-.15-.43-.13
.53
.13-.261.09.88
-.04-1.13-.57
.91
.99
.35-.21
-1.17-.35-.711.32.63.06.54.01
-.02-19-.36-.47
.52
.26
.37-.15
.29
.09
.37
.31
.34
.60-.13-.18-.31-.65
.37
.36
.33
.76-.04-.17
.12
.19
.03
.26
.54
.53
.33
.41
.53
.24-.17-.05
Changein
pri-vate
inven-tories
-0.13-.05
.57-.08-.12
.66
.58-.48-.10
.00-.72
.57
.06
.50-.27
-1.271.41.25.12
-.41-.911.20
-1.34.29
1.95-1.06-.32
.42-.14
17-.21-.26
.26
.10
.61-.41-.02
.50
.07-.331.752.16
-1.531.21-.80
-1.51-1.19
.42-.581.221.07-.80
.942.02
-1.63.66
1.59-2.80
1.40-.26-.80
-1.461.091.18
See next page for continuation of table.
312
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—5.—Contributions to percent change in
[Percentage points, except as noted; quarterly data-tic product, 1960-99—Continued
annual rates]
Year orquarter
I960196119621963196419651966196719681969197019711972197319741975 ... .197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999'1994- 1
II .IllIV
1995:1||IllIV
1996-1||IIIIV .
1997:1||IllIV
1998-1 ..||IllIV
1999.-I||HIIV'
Net exports ofgoods and services
Netexports
0.79.11
-.21.24.41
-.35
J-.35-.02
.32-.26-.21
.91
.87
.89-.99-.72
.05
.65
lit-.54
-1.35-1.57-.44
18.84.59.39.70
-.04-.64-.41
.12-.14-.25
-1.18-1.11-.71-.33-.35
.26
:i?1.68.59
-1.03-.79
-1.292.13-.79-.44-.77-.44
-1.90-2.01-.82
.33-2.13-1.35-.72-.70
Exports
Total
0.85
if.35
:f?.33.11.36.27
il.42
1.21.70
-.05.46.20.83.81.98.12
-.66-.22
if.52.82
1.251.02.80.65
£.88
1.07.90
1.40.25.38.15
1.62.97
1.39.75.46
1.831.07.26.77.38
2.89.98
1.75
'i?-.16-.45-.181.65-.61
.421.19.74
Goods
0.76.02.17.29
il.27.02.30.20.44
-.02.43
1.01
-£.31
£.77.86
-.08-.67-.19
.46
.19
.26
.561.04.79.55.48.48.21.67.86
J.17.29
-.281.27.95
1.20
£1.13.84.40.35.61
1.751.091.39
"£-.22-.73
.121.38-.74
.321.19.57
Serv-ices
0.09
£.06.12.08.06.09.06.07.10.04
-.01.20.24.11.15.11.15.04.12.20.01
-.03.19.02.26
'.22.25.17.16.09.21.20.23.28.08.09.43.35.02.19.09.10.69.23
-.14.42
-.231.14
-iiJ
.06
.28
1?.13.10.00.17
Imports
Total
-0.06.03
-.47-.12-.23-.45-.65-.34-.70-.29
:ii-.63-.29
£-1.45
$-.16
.71-.27
.12-1.13-2.22-.65-.83-.62-.41-.43-.41
A-.94
-1.29-.95
-1.04-1.65-1.43-1.49-.85
-1.95-1.32-1.13-.99-.74-.15-.48
-1.29-1.55-1.67-.76
-1.77-2.19-2.06-.64
-1.74-1.56-.65
-1.32-1.52-1.77-1.91-1.44
Goods
0.05.00
-.40-.12-.19-.41-.49-.17-.68-.20
J-.57-.34
.17
.87-1.35-.84-.67-.14
.67-.18
.20-1.00
•%-.82-.39-.36-.37-.26
.00-.77-.85
-1.18-.87-.94
-1.43-1.21-1.33-.72
-1.91-1.33-1.16
J-.10-.36
-1.18-1.47-1.45-.76
-1.39-2.02-1.67-.54
-1.42-1.36
4£:!i!-1.83-1.13
Serv-ices
-0.11
J.00J
-.16-.16-.03-.09
JZ-.06
:S§.07
-.10-.07-.11-.02
.04-09-.08-.13
J3-.05-.05-.15
.05
J-.11-.08
:i!3-.13-.04
.01
.03
-£-.05-.12-.11-.08
Ii:i?-.39-.11-.32-.20-.13-.03-.24-.19
::fo
Government consumption expendituresand gross investment
Total
-0.011.041.35.54.44.68
1.921.67.75
-.08-.52-.47
.00-.18
£-.02
.20
.65
.40
.42
.19
.33
.69
J1.13.64.25.55.65.25
-ii.02.09.21.42.31.64
-.79.15
1.46-.67
.18
.37-.15-.90
.591.37-.41
.47
.321.02
-il-.161.03.23.51.87.23.81
1.45
Federal
Total
-0.39.48
1.06-.04-.22
.021.291.16.12
-.41-.84-.82-.24
:i!.00-.11.15.23.21
i?.33.60.31.73
£-.18
.12
.18-.02-.14-.33-.29-.20-.06-.01-.06
.18-.91-.31
.97-.90-.09
J-1.22
.63
.60
::S-i!-.08-.28-.64
.69-.14
.24-.03
.13
.26
.94
Na-tional
defense
-0.21
£-.27-.44-.171.251.19.18
-.48-.80-.90-.40-.49-.17-.08-.14
if.16.24.37.47.47
ii.46
-£-.05
.00-.07
:il:il-.06-.11-.08
.08-.98
.07
.71-1.06
-:§t-.19-.67
.32
.36-.38-.10
-ii-.01-.10-.76
.42
.27-.12-.16-.10
.42
.70
Non-defense
-0.18.06.43.23.23.19.04
-.03-.07
.06-.04
.09
.16-.01
.14
.08
.02
.11
.19
.04
.16
.04-.14
.13-.04
.13
.07
.01-.12
.17
.18
.05
.17-.01-.02-.01
.00
.10
.02
.10
.06-.37
.25
.16-.05
.01-.01-.55
.31
.24
-£.34.23
-.08-.17
if-.42
.36
.13
.23-.16
.24
Stateandlocal
0.39.56.29.57.66.66.63
i!.33.32.35.24.33.46.42.10.04.42.20.01
-.23.00.09.42.59.60.28.42.43.48.28.26.15
£.28.43.37.47.12.45.49.24.27.35.05.32
-.04.78.13.55.50.39.40.27
£.37.28.90.10.55.52
Source: Department of Commerce, Bureau of Economic Analysis.
313
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-6.—Chain-type quantity indexes for gross domestic product, 1959-99[Index numbers, 1996=100; quarterly data seasonally adjusted]
Year orquarter
1959I960196119621963i%J :::::. :r19651966196719631969 ::i;ii:z.'.'1970197119721973 '.!197419751976 .'.'197719781979 \1980
1984198519861987 "::::::::":::1988198? '":::":::"::"19901991199219931994199519961997 ..19981999*1994- 1
||IllIV
1995- 1IIIllIV
1996:1||IIIIV
1997-1||III !IV
1998- 1||IllIV .
1999-1IIIllIV*
Grossdomes-
ticproduct
29.4430.1730.8732.7334.1536.1338.4340.9541.9743.9745.3545.4346.8549.3352.1351.9951.8454.5657.0360.2862.3362.3663.9262.7265.3570.1172.8275.3377.9881.2684.0785.54
90^993.9296.47
100.00104.50109.00113.4192.3993.6994.2195.3895.7495.9496.7097.4900 10
99:84100.39101.59102.82104.12105.14105.94107.67108.24109.25110.83111.84112.36113.92115.54
Personal consumption expenditures
Total
27.7828.5329.1130.5431.8033.7035.8337.8739.0041.2242.7943.7845.3247.9950.2950.0751.1953.9756.2158.8460.4960.5161.3762.2465.5269.0772.5275.5878.2181.4083.5285.0485.1787.90905493i9496.80
100.00103.75108.80114.5392.7593.5494.2695.2195.5696.4997.2697.9198.7299.81
100.34101.13102.36102.82104.47105.34106.7710836109.42110.66112.43113.83115.19116.68
Durablegoods
16.4916.8216.1918.0819.8421.6724.4226.4826.9029.8530.9229.9132.9137.0840.9138.1038.0942.9546.9549.4349.2645.3945.9845.9852.8160.5466.5272.5873.8478.1179.7579.0173.7977.7084.0890.4694.66
100.00106.63118.66132.2388.7289.4990.4793.1692.5393.668897.61
100.64100.26101.50104.15103.76108.64109.98114.35117.42118.62124.26127.95130.76133.21136.98
Non-durablegoods
38.3538.9339.6440.8941.7543.8046.1248.6549.4251.6753.0554.3255.3057.7359.6258.4259.2862.1763.6766.0567.8167.7168.5169.1771.4774.3176.3379.0780.9783.5585.8387.0186.6588.2990.8794.3597.14
100.00102.92107.07112.7493.0993.8794.7295.7196.2096.9097.3198.1398.7299.73
100.29101.26102.22102.17103.60103.67105.13106.85107.49108.80111.15112.05113.04114.73
Services
24.3925.4626.4927.7929.0630.8232.4534.0735.7437.5839.4641.0342.3544.5446.5347.9549.6851.5953.7256.5558.7360.1661.1362.4365.2768.0571.6674.1177.5080.7682.9185.1786.8289.9191.7494.4597.07
100.00103.60107.80112.1493.4294.2294.8195.3695.8596.86m98.9499.68
100.39100.99102.07102.96104.10105.28106.14107.39108.62109.03110.16111.56112.92113.90
Gross private domestic investment
Total
21.9621.9521.8124.5726.2128.3732.3535.1933.5735.5137.5835.1039.0943.7048.8145.2037.2044.7051.4557.3859.1852.7357.5949.5154.2270.1369.4869.0270.7672.6575.3673.0166.7572.4178.6989.0891.79
100.00111.51124.52131.6785.0890.0188.6692.5893.5490.8290.0592.7494.3399.25
103.12103.30106.75112.18112.47114.66123.24121.76124.82128.26129.41128.74132.90135.63
Fixed investment
Total
22.2022.3922.3224.3326.2128.7431.6633.47
8837.3036.5139.2643.9647.9744.%40.1344.0850.4156.2259.3755.5856.7952.8156.7666.2869.7770.6070.5873.1575.14
t776510
79.0386.2591.46
100.00108.52121.37131.0683.6985.7586.6688.89
8891.2993.4096.0899.26
101.56103.10105.07107.25110.33111.43117.44120.95121.55125.55128.30130.37132.54133.05
Presidential
Total
15.9416.8416.7418.1919.2021.4725.2028.3527.9529.1931.3931.2231.2134.0438.9939.3035.4137.1441.3247.1551.8851.8554.7752.7252.1961.3765.4963.7363.6567.1170.8371.3567.8370.1176.0082.7890.89
100.00110.71124.80135.1380.0581.6283.0786.40
8890.8092.8995.8098.46
101.65104.09106.50109.05113.18114.09121.03124.54124.56129.06131.49133.74137.23138.08
Struc-tures
43.6547.1247.7649.9150.4655.7164.5969.0267.2668.2171.8972.1270.9473.1279.0877.4369.3271.0273.9782.6693.0899.23
107.09105.4794.53
108.03115.92103.4399.69
100.95103.42104.9593.3887.7088.3989.1493.39
100.00108.45112.93109.9285.8890.1689.9390.5792.4993.7993.7293.5395.9598.38
100.18105.49107.55106.46109.31110.48112.03113.98112.05113.64111.96110.44109.37107.91
Equip-mentandsoft-ware
9.7410.169.96
11.1112.0413.5816.0618.6118.4819.6221.3421.1221.3124.0428.4429.1326.3527.9832.1837.0940.3338.8840.5238.4240.5048.4051.4852.5153.3757.3761.3961.6360.3864.8672.2280.7990.08
100.00111.48129.09144.6378.2078.9680.9285.0688.7489.0689.8692.6795.7598.49
102.15103.61106.13109.94114.52115.32124.24128.33129.09134.70138.74142.47147.77149.56
Resi-dential
47.2643.8944.0248.2453.9257.0555.3950.4348.8455.5057.1453.7368.4680.6380.1163.5755.3268.3483.0288.2685.0367.0561.6850.4571.1981.5682.6792.5892.7992.3288.5380.9270.5782.0988.0996.6493.13
100.00102.35111.78119.8494.6498.1697.4196.3394.4290.5092.7194.8996.91
101.56101.30100.24100.98102.15102.30103.96107.43110.91113.07115.74119.30120.91119.75119.39
See next page for continuation of table.
314
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-6.—Chain-type quantity indexes for gross domestic product, 1959—99—Continued
[Index numbers, 1996=100; quarterly data seasonally adjusted]
Year orquarter
195919601961 „196219631964 !!....'19651966 '..".1967196819691970197119721973197419751976197719781979198019811982 " 11.!19831984 11.1..!198519861987198819891990199119921993 !19941995199619971998 . .1999 f !!1994:1
IIIllIV ".'..
1995:1IIIIIIV
1996:1IIIllIV
1997-1IIHIIV
1998:1II . ...IllIV
1999:1IIIIIIV P
Exports of goods andservices
Total
8.229.93
10.1010.6411.4412.9613.2214.1114.4215.4716.3218.0918.1819.6423.9226.2726.1227.5728.2431.2434.3138.0738.5235.8334.9137.8438.8841.7646.5154.0160.3565.6270.0874.5976.8683.7292.37
100.00112.73115.21119.2679.5882.8384.8187.6589.1990.1693.9496.1996.7398.3599.19
105.72107.97112.09115.18115.68115.23114.07113.60117.92116.27117.41120.66122.68
Goods
8.4110.3810.4310.8911.7513.3613.4314.3614.4315.5716.3918.2618.1820.1424.7726.7326.1127.3527.7130.8134.4538.5538.1434.7033.7036.3637.5839.5143.8952.1658.7463.5868.0972.7374.9382.1891.97
100.00114.51116.89121.3377.3080.8683.5787.0088.9189.9893.2695.7396.8997.9299.81
105.39108.99113.66117.20118.21117.38114.69115.14120.35117.46118.71123.43125.72
Services
7.127.888.419.169.74
10.9011.7612.4213.5114.2015.1316.4717.0716.9219.8523.4825.1427.3929.1931.7432.5334.8138.5338.7238.0841.8142.2447.9253.7558.8664.4170.8475.1479.2881.7287.5993.36
100.00108.49111.19114.3985.3487.7887.9489.2989.8990.5995.6497.3396.3499.4497.73
106.49105.55108.36110.37109.68110.13112.48109.93112.22113.35114.24114.26115.70
Imports of goods andservices
Total
11.0711.2111.1412.4012.7413.4114.8417.0518.2921.0222.2123.1624.4027.1328.3927.7524.6629.4932.7035.5436.1333.7334.6134.1838.4947.8650.9555.2358.5860.8163.2165.6465.3169.6475.9885.0892.05
100.00113.72126.89141.9380.6684.2386.6688.7590.6592.0492.3293.2195.6498.68
102.05103.63107.43112.22116.86118.35122.41126.21127.81131.14135.07139.69144.63148.33
Goods
8.828.678.669.94
10.3411.0312.5914.5715.3418.5119.5220.2921.9924.9826.7426.0022.7227.8631.2534.0534.6432.0632.7231.9036.2445.0047.8052.7055.1557.3859.8061.6061.5667.2674.0383.8691.43
100.00114.21127.62143.8478.6982.8285.7088.2489.7591.5891.8092.5995.2298.65
102.13104.00107.60112.90117.42118.92122.87126.87128.40132.33136.33141.34147.08150.60
Services
22.6124.3823.9625.0825.0625.7126.4729.8333.4734.0836.2238.1137.0338.5437.2437.2035.5938.0439.9442.7843.3742.4044.8547.2451.0663.8668.7168.9477.6479.7581.9888.2386.1882.6986.6091.6595.40
100.00111.19123.21132.5991.3791.9091.8291.5095.5594.4595.0596.5397.8698.85
101.64101.65106.52108.76113.99115.47120.01122.83124.75125.24128.81131.58132.74137.24
Government consumption expendituresand gross investment
Total
46.3946.3848.6151.5452.7653.7955.4660.4364.9967.0566.8165.3063.9863.9863.4764.7966.0666.0166.6368.7570.1571.6372.2973.4675.8778.5183.5888.1390.7991.8594.3697.4498.6599.2198.3398.4298.87
100.00102.33104.10107.9297.5697.7399.6498.7398.9399.4099.1997.9898.77
100.58100.01100.64101.06102.47102.91102.89102.62104.13104.46105.20106.52106.86108.06110.25
Federal
Total
70.8668.7671.4177.3277.1075.7975.9384.5192.7493.6090.5184.1578.1076.3472.5572.3772.3971.5072.7474.7176.5580.2684.0387.1092.5695.45
102.74108.39112.40110.37111.83114.11113.78111.96107.59103.69100.91
V898.97
101.84103.61102.54105.92102.71102.34102.38101.6597.2799.52
101.6199.6099.2798.55
100.90100.5699.4896.9699.7199.14
100.0899.97
100.49101.52105.36
Nationaldefense
88.1986.4990.0295.2992.8888.8687.2899.90
112.64114.65109.24100.0389.8585.3979.8677.9176.9675.3575.9276.5178.6981.9986.9893.4699.79
104.57113.32120.44126.10125.15124.18124.15122.80116.83110.57105.28101.37100.0097.5595.7197.52
104.57104.90108.63103.02102.76102.80101.7798.1499.82
101.6899.5598.9596.0498.2798.2397.6593.2195.6997.3396.6195.6495.0197.56
101.87
Non-defense
36.9834.0034.9342.1446.2250.2353.7054.4053.8452.4553.8453.0154.8658.3858.0761.5063.4864.0666.6771.4572.6177.1978.4174.2277.8676.6580.8183.3183.8079.4686.0993.2395.05
101.94101.50100.4799.98
100.00104.63105.63110.62101.6497.72
100.41102.09101.47101.52101.4095.5398.91
101.4799.7199.91
103.69106.28105.32103.23104.60107.89102.85107.16108.77111.62109.59112.49
Stateandlocal
31.3032.6634.6635.7137.8740.4343.1345.8548.1350.9652.5153.9955.6056.7358.3260.6062.6763.1563.3765.6366.7666.8565.5565.5266.0468.5372.2576.1577.9980.9084.0287.5689.6791.6392.8395.2897.66
100.00103.79107.14111.5393.9794.8895.9096.3696.9097.6397.7298.4098.3299.97
100.25101.46102.55103.41104.30104.91105.98106.75107.61108.23110.39110.64111.93113.15
Source: Department of Commerce, Bureau of Economic Analysis.
315
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-7.—Chain-type price indexes for gross domestic product, 1959-99[Index numbers, 1996=100, except as noted; quarterly data seasonally adjusted]
Year orquarter
1959
1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990
1993199419951996199719981999*1994:1
IIIIIIV
1995:1IIIIIIV
1996-1IIIllIV
1997-1IIIllIV !
1998:1||IllIV
1999-1IIIllIV* ....I..."
Grossdomes-
ticproduct
22.0622.3722.6222.9323.1823.5323.9824.6625.4326.5227.8129.2930.8332.1834.0136.9440.3742.7845.5848.7452.6957.3962.7166.5169.2371.8074.0575.6777.8480.4683.5686.8489.7691.7094.1796.1498.19
100.00101.66102.86104.3295.4295.8596.4196.8597.5697.9698.3998.8699.4699.77
100.21100.56101.14101.53101.83102.15102.41102.70103.06103.28103.79104.13104.41104.94
Personal consumption expenditures
Total
21.8722.2422.4722.7423.0023.3223.6824.2924.9025.8827.0228.3029.5930.6732.3735.5638.4340.6843.4346.4250.3955.6260.4963.7966.6369.0671.4273.1375.8178.7382.2286.0289.0391.4493.9495.8698.01
100.00101.67102.63104.2794.9995.4896.2996.7097.2997.8398.2698.6599.2499.82
100.16100.78101.30101.51101.78102.08102.19102.48102.78103.08103.44104.01104.49105.13
Durablegoods
41.9741.7741.8642.0542.2042.4042.0341.8342.4843.8945.1046.0947.7748.2848.9852.0856.8459.9962.6166.2070.6076.5481.6284.7686.3887.5888.5989.6992.2193.4995.1496.00m99.%
100.56101.06100.0097.7995.4593.0099.88
100.36101.00101.00101.36101.22100.94100.72100,78100.1399.7799.3299.0598.1297.3196.7096.3295.8395.2994.3493.6793.2292.7592.37
Non-durablegoods
24.6024.9525.1025.3025.5925.9226.3927.2627.9128.9830.3231.8232.8033.9036.5641.8245.0946.8349.6152.9358.5065.3170.3772.3473.8975.6477.3077.0179.6682.3486.2690.9893.7695.2096.1596.8397.93
100.00101.35101.40103.7496.2196.4597.2697.40
HI98.1098.3199.0999.98
100.02100.92101.34101.17101.32101.55101.20101.15101.46101.78102.19103.47104.20105.09
Services
17.0917.5517.8718.2018.4518.7919.1619.7220.3121.1622.1623.3524.8025.9627.2229.1331.4533.8836.6639.3742.3346.5251.2255.2859.0362.0665.0668.0070.7374.1177.7381.618891.8094.4397.44
100.00
ffifi106.9993.3894.0194.8595.4896.3997.1597.8098.4099.0099.68
100.31101.01101.75102.38102.94103.46103.93104.56105.04105.60106.19106.63107.19107.96
Gross private domestic investment
Total
28.7828.9228.8428.8728.7828.9529.4230.0330.8331.9933.5134.9336.6938.2440.3144.3349.8052.5756.5161.1566.7173.0179.7783.9183.7384.4085.3087.1988.8690.9693.2295.0896.4696.3297.7099.11
100.29100.00
98.5998.9499.3099.59
100.04100.40100.42100.31100.0399.84
100.11100.0299.9599.8099.8999.7499.18n98.8598.8798.7898.7098.90
Fixed investment
Total
27.7227.8727.7827.8127J327.9028.3928.9929.8131.0232.5633.9635.6937.2339.3043.1848.5951.4255.4660.1765.6571.8378.5582.9182.8183.3784.45
8fi90.4892.7694.7096.1496.0797.4698.92
100.14100.0099.9599.2099.2498.3598.7499.1699.4199.84
100.20100.27100.25100.0499.84
100.08100.05100.0099.92
100.0399.8699.3899.1599.1699.1199.1999.1799.1999.42
Nonresidential
Total
32.4432.5932.4132.4232.4332.6032.9933.4934.3635.5837.0738.8240.6742.0843.7147.9554.5557.5961.5465.6971.0777.3984.9389.6988.9388.8389.5791.1792.0194.1796.2998.23
8899.81
100.54100.93100.0099.0497.2295.97
100.24100.56100.74100.60100.75101.09101.04100.82100.4099.9799.9299.7199.4599.1798.9898.5697.9097.3697.0396.6096.3896.0495.7295.74
Struc-tures
18.4818.4618.3518.5018.6718.9419.4920.1920.8221.8723.3124.8326.7428.6830.9135.1539.3441.2544.8149.1554.8759.9768.3173.7671.8272.4274.1175.5476.7279.9883.1085.7787.3287.2990.2293.5097.39
100.00104.14107.37110.2492.1592.8193.8695.1796.3597.0697.7998.38
8S100.44101.28102.34103.50104.85105.86106.11106.85107.79108.73109.07109.67110.58111.65
Equip-mentandsoft-ware
43.1543.5143.2843.0842.8642.8442.9143.0544.0345.2446.5248.2549.7350.3751.2555.0863.2467.0271.0274.8479.67865892.8696.6096.9196.2996.2897.9298.5399.95
101.45102.93104.48103.75103.24102.98102.12100.0097.3794.0191.64
103.08103.26103.12102.46102.25102.45102.14101.64100.91100.1699.7499.1998.4997.7497.0696.1895.2594.3493.6492.8192.4491.8691.2491.00
Resi-dential
18.9919.1219.1519.1819.0219.1819.7220.4421.1522.2723.8124.5826.0027.5830.0333.1236.2038.5342.4147.6152.9558.6863.4766.8768.4070.3772.1875.2178.2980.9983.5985.5486.6487.6991.2494.4897.91
100.00102.68105.30109.4893.2593.8094.8196.0597.2397.6998.0998.6299.0099.44
100.53101.03101.60102.14103.18103.80103.88104.64105.76106.93107.97108.93110.04110.99
See next page for continuation of table.
316
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-7.—Chain-type price indexes for gross domestic product, 1959-99—Continued[Index numbers, 1996=100, except as noted; quarterly data seasonally adjusted]
Year oroudrtBr
1959
I960196119621963196419651966 .. ".1967196819691970197119721973 ....:.:..19741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999/>1994:1
IIIll ...IV ...
1995:1IIIll ...IV ...
1996:1IIIll ...IV ...
1997:1IIIll ...IV ...
1998:1IIIll ...IV ...
1999:1I IIll ...IV*
Exports andimports
services
Exports
28.74291029.5129492944296430623l'573218233.5034.53360337.333858419054.1459.7061.7664.3268.1576.2583.8289.9290.2390.7691.6489.1687.7589.9294.6696.4897.1398.2097.6697.9499.07
101.38100.0098.2395.9595.5598.3198.7199.3099.96
101.03101.83101.57101.08100.89100.5599.7998.7798.4798.5098.1897.7696.7296.2795.5795.2595.1395.3095.6196.18
Imports
20.95211521.15209021302175220622'5722.6623.0023.60250026.532840333447.7051.6753.2257.9262.0172.6290.4595.3292.1088.6587.8985.0285.0190.0294.4696.8799.4398.9399.0998.1899.12
101.83100.0096.4591.3191.6197.2498.51
100.12100.60101.05102.84102.15101.28100.87100.4299.2899.4398.2796.4395.8595.2492.5791.6390.5590.4889.8190.9692.3593.31
Government consumption expenditures andgross invBStment
Total
17.0417.2417.56180218.451895194720'2721.1222.3023.62255127.562965318734.9638.4140.9243.7946.5950.4655.9361.4265.5268.2171.7473.9175.2077.3179.3981.9985.2788.0790.0692.4894.8997.59
100.00101.78103.34106.1393.9594.7195.1695.7496.7197.2697.7298.6699.8799.49
100.09100.55101.31101.47101.84102.49102.73103.10103.60103.94104.93105.69106.56107.34
Federal
Total
17.8617.9918.27186819.1319772030209821.6222.8824.1025.9728.25308933.0835.8539.4542.1445.4248.2751.9857.4963.1067.5669.9974.1975.7176.1477.0678.8581.1583.8287.1989.8192.2094.5397.22
100.00101.30102.38105.4593.6594.6494.5795.2496.1996.5397.1399.05
100.2899.4699.93
100.34101.20101.24101.18101.57102.07102.30102.41102.76104.89105.13105.60106.17
Na-tional
defense
17.7617.8618.071844189019452001206621.3122.5023.72254327.69306132.9135.8239.2442.0245.1548.2952.1957.9363.7168.4470.8675.9577.2477.2778.0179.6581.9184.5787.7090.7592.4594.4896.88
100.00101.22102.03104.7693.5994.4994.5995.2595.9896.4197.0798.0699.9399.52
100.06100.49101.20101.16101.07101.45101.86101.85102.07102.32104.21104.47104.93105.44
Mnnnon-defense
17.6617.9218.50190819.542050209021.6822.2823.7424.9227.4029.7331.4433.3035.6639.7242.1445.7647.9351.2056.1661.3765.1667.6369.4071.6073.2074.6976.9579.3982.0986.1187.6791.6394.6097.93
100.00101.45103.07106.7493.7594.9694.4995.2096.6296.7897.25
101.09101.0099.3299.65
100.03101.19101.38101.41101.81102.49103.15103.05103.59106.18106.37106.85107.55
Stateandlocal
16.1716.4716.86173917.78181418'6519.5720.6621.7723.2025.1126.96286030.8334.1337.4539.8342.4145.1449.1054.5159.9063.7066.5869.5672.2774.2877.4079.7382.5686.3288.6990.2192.6595.1197.81
100.00102.06103.89106.5394.1394.7395.5396.0497.0397.7198.0898.4299.6299.52
100.19100.68101.38101.62102.22103.03103.11103.56104.27104.62104.98106.02107.11108.00
Finalcalpcsaies
of
tic8"product
21.9022.2222.4622.7823.03233823^8324.5225.2826.3827.6729.1430.6832.0333.8636.7740.1942.6145.4248.5852.5257.1962.5066.3469.0571.6173.9075.5477.7180.3683.4886.7789.6991.6494.1296.1098.16
100.00101.69102.93104.4395.3795.8196.3896.8297.5297.9298.3698.8499.4699.77
100.21100.56101.16101.56101.86102.18102.47102.77103.13103.36103.88104.24104.54105.07
Gross domesticpurchases
Total
21.5721.8722.10224022.672302234424.1024.8025.8727.1128.5730.1231.5033.3736.6539.9942.3745.3148.4952.6758.1063.3666.9469.3771.7873.8775.5277.9480.5783.7187.1489.9091.9094.2496.1898.28
100.00101.39102.14103.6595.3495.8696.5496.9697.6098.1298.4998.9199.4899.77
100.14100.62101.09101.23101.48101.76101.79101.99102.26102.51102.92103.40103.85104.44
1 aceLessfoodanHa no
energy
"65.4468.1370.6372.9275.2577.7380.5583.5186.6789.5391.7594.2796.3698.53
100.00101.34102.40103.7895.5096.1096.6997.1497.8298.3398.7699.2199.6799.75
100.12100.47100.90101.25101.48101.73101.94102.24102.56102.84103.28103.58103.88104.39
UlUoona-
tionalproduct
220322.3422.5922.9023.162351239524.6425.4026.5027.7829.2630.8032.1433.9836.9040.3342.7445.5448.7152.6657.3662.6966.5069.2171.7774.0275.6477.8180.4483.5486.8389.7691.7194.1696.1398.19
100.00101.67102.87
95.4395.8696.4196.8597.5697.9598.3998.8699.4699.77
100.21100.56101.15101.53101.84102.15102.42102.71103.06103.29103.79104.14104.41
Percent change2
Grossdo-
ticprod-uct
1.41.11.41.1151.92.93.14.34.85.35.34.45.78.69.36.06.56.98.18.99.36.14.13.73.12.22.93.43.93.93.42.22.72.12.11.81.71.21.41.91.82.41.82.91.61.81.92.51.31.81.42.41.51.21.31.01.11.4.9
2.01.31.12.0
P H
mestic
chases1
Total
141.11.31.21 fi1.82.82.94.34.85.45.44.65.99.89.16.06.97.08.6
10.39.15.73.63.52.92.23.23.43.94.13.22.22.52.12.21.71.4.7
1.51.52.22.81.82.72.11.51.72.31.21.51.91.9.6
1.01.1.1.8
1.11.01.61.91.72.3
Lessfoodanden-ergy
.......
........
3.73.23.23.33.63.73.83.32.52.82.22.31.51.31.01.41.82.62.51.92.82.11.71.91.9.3
1.51.41.81.4.9
1.0.8
1.21.31.11.71.21.22.0
1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 Percent changes based on unrounded data. Quarterly percent changes are at annual rates.Source: Department of Commerce, Bureau of Economic Analysis.
317
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-8.—Gross domestic product by major type of product, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962196319641965 ...19961967196819691970 .1971197219731974197519761977197819791980198119821983198419851986 .198719881989 ... .1990199119921993 ..199419951996199719981999p1994:1
III l lIV
1995:1I II l lIV
1996:1 ....... .I II l lIV
1997-1I II l lIV
1998- 1III l lIV
1999- 1II . .. .IllIV/>
Grossdomesticproduct
507.4527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3
1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.42,795.63,131.33,259.23,534.93,932.74,213.04,452.94,742.55,108.35,489.15,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.46,887.87,015.77,096.07,217.77,297.57,342.67,432.87,529.37,629.67,782.77,859.07,981.48,125.98,259.58,364.58,453.08,610.68,683.78,797.98,947.69,072.79,146.29,297.89.477.1
Finalsales ofdomes-
ticproduct
503.5524.1542.7580.4613.1659.6710.9775.7824.2902.4976.2
1,037.71,120.31,231.31,369.71,487.01,641.41,806.82,009.12,270.12,548.42,801.93,101.53,274.13,540.73,867.34,191.24,446.34,715.35,089.85,461.45,788.75,986.46,303.96,621.26,991.87,367.57,783.28,232.48,688.79,204.26,844.06,936.07,044.07,143.17,234.87,306.87,419.47,509.17,622.87,752.97,809.07,947.98,073.08,166.98,306.98,382.88,511.78,642.98,724.28,876.29,021.69,128.69,257.09.409.5
Changein
pri-vate
inven-tories
3.93.23.06.15.64.89.2
13.69.99.19.22.08.39.1
15.914.0-6.317.122.325.818.0
£-14.9-5.865.421.86.6
27.118.527.714.5-.2
15.021.162.633.030.068.371.244.343.879.852.074.662.735.813.420.26.8
29.850.033.552.992.657.670.298.940.873.771.451.017.640.867.6
Goods
Total
Total
251.7258.0260.7281.5293.2313.6343.3381.7395.3428.3457.7470.3496.1542.7622.0670.9724.8811.4890.7
1,004.51,128.71,207.61,362.81,354.61,452.11,637.01,702.71,758.21,853.52,000.02,175.32,266.42,296.12,391.42,503.22,680.22,798.12,951.33,142.43,310.33,478.82,615.22,666.02,680.72,758.72,781.52,767.62,796.42,847.12,876.62,945.22,977.53,005.93,079.23,137.23,166.33,187.03,287.03,258.93,305.63,389.83,416.63,424.23,494.03.580.4
Finalsales
247.8254.7257.7275.4287.6308.8334.1368.0385.5419.2448.5468.3487.9533.6606.1656.9731.1794.3868.4978.7
1,110.71,213.91,333.01,369.61,457.81,571.61,680.91,751.71,826.41,981.52,147.62,251.92,296.32,376.42,482.12,617.62,765.12,921.33,074.13,239.13,434.62,571.42,586.22,628.72,684.12,718.82,731.72,782.92,826.92,869.82,915.42,927.52,972.43,026.23,044.63,108.73,116.83,188.03,218.13,231.93,318.43,365.63,406.63,453.23.512.8
Changein
pri-vate
inven-tories
3.93.23.06.15.64.89.2
13.69.99.19.22.08.39.1
15.914.0-6.317.122.325.818.0-6.329.8
-14.9-5.865.421.86.6
27.118.527.714.5
15^021.162.633.030.068.371.244.343.879.852.074.662.735.813.420.26.8
29.850.033.552.992.657.670.298.940.873.771.451.017.640.867.6
Durable goods
Finalsales
92.495.294.5
104.7111.5121.2134.2150.2155.3169.5180.9183.2190.2213.0245.8262.1294.7329.6374.6426.2487.3518.0564.5566.1611.8686.6750.0781.5809.9886.4963.8994.3988.3
1,029.41,090.71,161.61,239.81,331.91,424.81,528.91,618.21,141.11,148.51,168.71,187.91,215.91,218.71,251.41,273.01,298.81,329.81,339.21,359.81,386.81,407.81,453.91,450.71,506.01,518.21,519.91,571.41,584.31,601.71,631.11.655.7
Changein
pri-vate
inven-tories
2.91.7
?42.63.86.2
10.04.84.56.0-.22.96.4
13.010.9-7.510.89.5
18.212.8-2.3
7.3-16.0
2.541.4
4.4-1.922.922.720.0
7.7-13.6-3.017.135.733.619.135.638.925.425.141.831.144.848.032.523.330.410.218.838.78.6
28.054.123.636.556.321.139.838.624.1
6.323.048.2
Nondurable goods
Finalsales
155.5159.5163.2170.7176.1187.6199.9217.8230.2249.8267.6285.1297.6320.6360.3394.9436.4464.7493.8552.5623.4695.9768.5803.4846.1885.0930.9970.2
1,016.51,095.11,183.81,257.61,308.01,346.91,391.41,456.01,525.31,589.41,649.31,710.21,816.41,430.21,437.71,459.91,496.21,502.81,513.01,531.51,553.91,571.01,585.61,588.31,612.71,639.51,636.81,654.81,666.11,682.01,699.91,712.11,747.01,781.31,804.91,822.21.857.1
Changein
pri-vate
inven-tories
1.11.63.02.73.01.03.03.65.04.53.22.2
82.93.11.26.3
12.87.65.2
-4.022.51.1
-8.224.017.48.44.2
-4.37.76.8
13.418.04.0
26.8
1&932.832.218.918.738.021.029.714.73.3
-9.8-10.2-3.410.911.324.824.938.534.033.742.619.733.932.827.011.417.819.4
Serv-ices
193.2207.5221.4237.2252.8272.3292.1319.6349.1383.2419.3459.6504.0550.8600.6664.4743.6821.3913.9
1,019.61,127.11,268.91,418.61,562.61,716.11,872.22,054.02,217.22,399.62,599.52,792.83,010.83,203.93,416.03,593.53,782.63,985.14,191.04,434.74,664.54,930.33,705.83,758.33,814.93,851.33,902.03,965.14,018.84,054.54,109.64,167.84,204.04,282.44,338.34,407.64,467.84,524.94,563.84,646.14,700.44,747.94,820.74,885.54,963.75.051.6
Struc-tures
62.561.963.667.872.778.484.788.089.6
100.0108.3109.7128.4146.9162.9165.6166.7191.2226.8271.8310.6319.1350.0342.0366.8423.6456.3477.4489.3508.8521.0526.0486.2511.5545.6591.6617.3670.9723.7785.1839.3566.8591.5600.3607.7614.0610.0617.7627.7643.4669.6677.6693.1708.4714.7730.5741.2759.8778.8791.9809.9835.3836.5840.1845.1
Source-. Department of Commerce, Bureau of Economic Analysis.
318
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-9.—Real gross domestic product by major type of product, 1959-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
19591960196119621963196419651966 . . .1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997 .1998 . .1999*1994- 1
I II l lIV
1995:1III l lIV
1996-1I II l lIV
1997:1IIIllIV
1998:1III I IIV
1999- 1IIIllIV*
Grossdomesticproduct
2,300.02,357.22,412.12,557.62,668.22,822.73,002.83,199.53,279.53,435.63,543.23,549.43,660.23,854.24,073.14,061.74,050.34,262.64,455.74,709.94,870.14,872.34,993.94,900.35,105.65,477.45,689.85 885.76,092.66,349.16,568.76,683.56,669.26,891.17,054.17,337.87,537.17,813.28,165.18,516.38,861.07,218.57,319.87,360.57,452.37,480.47,496.07,555.07,616.87,671.47,800.57,843.37,937.58,033.48,134.88,214.88,277.38,412.78,457.28,536.08,659.28,737.98,778.68,900.69,026.9
Finalsales ofdomes-
ticproduct
2,298.42,359.02,415.52,548.12,661.42,820.22,982.73,163.33,259.43,419.53,527.63,559.73,650.53,843.34,043.94,043.44,083.94,239.64,422.84,672.44,852.44,899.24,962.54,935.65,127.55,400.55,671.65,885 96,068.26,333.46,542.46,671.36,674.26,878.77,035.37,275.97,505.57,783.28,095.78,441.38,813.77,176.37,239.87,308.97,378.47,419.17,462.37,543.47,597.37,664.67,770.97,793.57,903.77,981.18,042.08,155.38,204.38,307.08,410.48,459.68,588.38,685.28,757.98,855.88,955.9
Changein
pri-vate
inven-tories
12.110.99.5
19.618.415.130.642.831.728.427.44.4
23.923.735.625.0-9.432.540.844.126.1
-10.537.9
-15.6-9.776.127.196
29.618.429.616.5-1.017.120.066.830.430.069.174.341.947.885.856.377.462.232.5
9.018.05.6
30.351.232.951.593.159.272.7
107.343.176.170.750.114.038.065.4
Goods
Total
Total
764.7777.1780.6837.0866.1919.2994.9
1,083.41,095.21,146.71,180.61,166.51,194.31,280.11,395.01,378.51,357.91,453.81,524.11,621.81,686.11,677.01,753.61,678.41,754.81,941.11,990.02,057 52,136.32,255.32,379.62,404.22,372.72,455.02,548.22,708.32,813.82,951.33,141.33,330.53,505.82,647.52,698.32,704.92,782.72,800.32,784.92,810.02,860.02,879.42,942.32,976.33,007.13,071.43,130.23,167.53,196.23,302.83,277.83,323.93,417.43,442.13,446.13,525.33,609.6
Finalsales
2,112.22,239.02,353.62,391.12,375.62,441.52,528.52,647.02,782.32,921.33,071.63,255.13,459.12,605.32,619.62,653.72,709.72,739.52,751.32,798.12,840.32,872.42,912.82,926.42,973.63,018.93,036.83,107.93,122.73,195.93,231.53,246.93,346.23,390.03,427.53,481.33,537.8
Change
pri-vate
inven-tories
29.618.429.616.5-1.017.120.066.830.430.069.174.341.947.885.856.377.462.232.5
9.018.05.6
30.351.232.951.593.159.272.7
107.343.176.170.750.114.038.065.4
Durable goods
Finalsales
837.8919.1982.7
1,000.0976.8
1,018.01,076.51,144.21,231.81,331.91,445.01,585.11,714.71,124.61,128.71,148.31,175.21,202.41,209.81,246.91,268.31,292.51,330.21,340.81,364.01,392.51,422.91,479.81,485.01,547.41,568.01,578.11,646.91,668.71,693.51,734.21,762.5
Changein
pri-vate
inven-tories
25.023.920.6
7.9-14.0-2.917.735.933.319.135.839.726.325.542.131.244.647.732.223.130.310.218.738.7
8.728.154.323.836.957.121.340.739.625.16.5
23.849.8
Nondurable goods
Finalsales
1,285.31,325.41,374.21,394.21,403.61,427.21,454.41,504.41,551.01,589.41,627.11,672.61,749.51,482.31,492.61,506.81,535.91,537.81,542.11,551.61,572.31,580.01,582.51,585.61,609.51,626.41,614.21,629.11,638.71,650.51,665.71,671.21,703.11,725.21,738.51,752.91,781.3
Change
pri-vate
inven-tories
3.1-6.9
8.78.6
13.520.62.0
30.8-3.610.933.334.615.622.343.824.932.413.6-.3
-14.7-12.8-4.711.512.724.2
38i835.435.850.221.835.331.025.0
7.514.215.8
Serv-ices
1,201.51,258.01,314.81,376.71,440.71,514.71,585.11,675.11,763.31,842.01,912.31,965.92,013.12,072.32,142.52,216.82,287.32,345.92,418.12,520.52,596.62,664.12,705.12,760.52,848.32,939.63,079.23,200.13,333.23,465.53,561.13,666.83,744.43,858.63,908.14,000.24,090.64,191.04,324.24,449.44,597.13,960.43,987.74,020.04,032.94,044.64,084.44,114.24,119.44,142.04,184.74,192.54,244.74,267.44,310.24,344.94,374.54,388.64,442.94,471.44,494.64,529.54,571.04,620.44,667.6
Struc-tures
340.6337.4346.8366.6391.3417.7438.6439.2432.7459.3465.2445.1486.4522.4533.7478.4435.0475.9521.1567.1582.7541.4533.5487.8524.3595.2626.1635.2631.1632.8626.5614.8559.5584.9602.5630.7632.9670.9700.2738.9763.7612.9635.5637.7636.9635.5627.3631.3637.6650.2673.5674.5685.5695.0695.1703.2707.6724.2737.5742.5751.7770.2764.7760.9759.0
Source: Department of Commerce, Bureau of Economic Analysis.
319
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-10.—Gross domestic product by sector, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I9601961196219631964196519661967 ..196819691970197119721973197419751976 . .197719781979198019811982198319841985198619871988 .198919901991199219931994
199619971998imp1994:1
IIIllIV
1995:1IIIllIV
1996:1||IIIIV
1997-1I IIllIV
1998:1||I I IIV
1999:1II .I l lIV'
Grossdomesticproduct
507.4527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3
1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.42,795.63,131.33,259.23,534.93,932.74,213.04,452.94,742.55,108.35,489.15,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.46,887.87,015.77,096.07,217.77,297.57,342.67,432.87,529.37,629.67,782.77,859.07,981.48,125.98,259.58,364.58,453.08,610.68,683.78,797.98,947.69,072.79,146.29,297.89,477.1
Business *
Total
436.6451.3465.1500.0526.3565.2613.9671.0703.4766.1825.4863.1935.7
1,030.01,156.81,250.51,356.81,521.61,702.81,937.32,174.92,358.82,647.32,729.82,968.13,313.93,546.83,740.93,976.04,281.24,600.94,842.04,962.45,242.15,518.05,886.66,190.16,556.06,996.87,402.07,821.55,735.25,851.25,923.76,036.16,100.36,137.06,218.56,304.76,388.56,530.36,596.06,709.16,838.86,961.67,054.57,132.47,274.47,333.67,432.17,568.07,669.17,729.47,862.68,025.1
Nonfarm1
Total1
417.7431.5445.0479.8506.0546.0592.1648.2681.1743.4800.2836.9907.6997.3
1,107.11,203.11,308.11,475.11,655.61,882.52,110.52,302.72,577.42,664.62,918.93,245.33,479.73,678.03,910.94,217.44,524.74,762.44,889.25,161.65,444.45,803.06,116.96,463.86,908.87,321.97,739.25,641.75,765.15,845.05,960.16,028.76,067.56,147.66,223.86,301.66,435.56,498.26,619.86,747.36,872.66,966.87,048.37,201.57,258.87,351.67,475.57,580.57,645.37,784.07,947.1
Nonfarmless
housing
382.1392.9403.6435.2458.5495.8538.5591.2620.3678.6730.3761.9825.9908.6
1,010.11,097.21,193.81,350.11,516.21,726.71,934.42,097.62,342.22,405.22,642.22,942.83,147.43,318.93,523.93,799.04,074.54,281.14,381.34,626.24,895.55,218.35,499.45,820.96,240.16,621.46,994.25,062.35,190.75,257.45,362.65,420.95,455.35,530.15,591.35,668.35,797.35,852.05,966.26,086.36,205.56,295.56,373.26,518.06,564.86,645.46,757.56,850.36,906.27,034.37,185.9
Hous-ing
35.638.641.444.647.450.253.557.060.864.869.974.981.788.796.9
105.9114.3125.0139.4155.8176.1205.1235.2259.4276.7302.6332.3359.0387.0418.4450.2481.3507.9535.4548.9584.7
668i6700.4745.0579.4574.5587.6597.4607.8612.2617.6632.5633.2638.2646.2653.7661.0667.1671.3675.2683.5694.0706.2718.0730.2739.1749.7761.2
Farm
18.919.820.120.220.419.321.922.922.222.725.226.228.132.649.847.448.846.447.254.764.556.169.965.149.268.567.163.065.163.876.279.673.280.573.683.673.292.288.080.282.393.586.178.776.071.669.570.880.986.994.897.789.391.489.087.784.072.974.880.692.588.684.178.678.0
Households and institutions
Total
12.413.914.515.616.717.919.321.323.426.129.532.435.638.943.047.152.057.162.469.777.387.197.6
108.2119.2131.2141.0153.7173.3195.1214.6237.9257.5279.5297.0313.3330.3348.6366.2385.6408.2306.7310.4315.5320.6324.1328.4332.1336.7341.9346.0350.5355.8359.2363.8368.7373.1377.3383.2388.4393.4399.7404.9411.0417.1
Privatehouse-holds
3.63.83.73.83.83.94.04.04.24.44.44.54.64.64.84.64.65.45.96.56.46.16.26.36.37.37.37.77.78.38.99.49.1
10.110.711.111.912.012.114.015.910.911.011.211.411.611.812.012.112.112.012.011.911.711.912.112.513.013.614.315.215.615.816.016.2
Non-profit
institu-tions
8.910.110.711.812.814.015.317.219.221.725.027.931.034.338.242.647.351.656.463.270.981.091.4
102.0112.9123.9133.6146.0165.6186.8205.7228.6248.4269.4286.3302.2318.4336.5354.1371.6392.3295.9299.4304.3309.2312.5316.6320.1324.6329.8334.0338.6343.8347.5351.9356.6360.6364.3369.6374.1378.2384.1389.0395.0400.9
General government2
Total
58.462.166.170.975.781.386.897.0
107.3119.3130.5144.2157.3171.5185.7203.4226.4245.3266.2288.9314.2349.7386.5421.2447.7487.7525.3558.2593.1632.0673.6723.3766.3797.3827.3854.5880.1908.7937.8972.3
1,018.7845.9854.1856.8861.0873.0877.1882.3887.9899.3906.4912.5916.5928.0934.1941.4947.6958.9966.9977.4986.2
1,003.91,012.01,024.21,034.9
Federal
32.033.234.536.738.640.942.647.451.856.760.564.768.673.676.481.689.195.6
103.6111.0118.7132.1148.3163.1173.0194.0206.3213.9224.5235.9247.6259.7275.8282.8287.0287.4
293J296.9308.2289.2289.9286.1284.6287.0286.5287.3286.4292.0292.5292.6290.9295.0294.3293.5292.1295.7295.7297.5298.8307.8307.2308.3309.5
Stateandlocal
26.528.931.634.237.140.444.249.655.562.570.079.588.797.9
109.3121.8137.2149.7162.7177.9195.5217.5238.2258.1274.7293.7319.1344.3368.7396.2426.0463.6490.4514.5540.3567.0593.3616.7644.0675.4710.5556.7564.2570.8576.5586.1590.7595.0601.4607.2613.9619.9625.6633.0639.8647.8655.5663.2671.2679.9687.3696.1704.7715.9725.4
1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-ment. Nonfarm product equals gross domestic business product less gross farm product.
2 Equals compensation of general government employees plus general government consumption of fixed capital.Source-. Department of Commerce, Bureau of Economic Analysis.
320
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-ll.—Real gross domestic product by sector, 1959-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I96019611962196319641965196619671968 . .196919701971197219731974 .197519761977197819791980198119821983198419851986198719881989 .. ..19901991199219931994 ..19951996199719981999*1994:1
1!IllIV
1995:1III l lIV
1996:1III l lIV
1997:1I IIllIV
1998:1III l lIV
1999:1IIIllIV/> ...
Grossdomesticproduct
2,300.02,357.22,412.12,557.62,668.22,822.73,002.83,199.53,279.53,435.63,543.23,549.43,660.23,854.24,073.14,061.74,050.34,262.64,455.74,709.94,870.14,872.34,993.94,900.35,105.65,477.45,689.85,885.76,092.66,349.16,568.76,683.56,669.26,891.17,054.17,337.87,537.17,813.28,165.18,516.38,861.07,218.57319.87,360.57,452.37,480.47,496.07,555.07,616.87,671.47,800.57,843.37,937.58,033.48,134.88,214.88,277.38,412.78,457.28,536.08,659.28,737.98,778.68,900.69,026.9
Business ]
Total
1,770.71,810.21,850.11,968.72,058.82,187.22,338.22,494.52,545.92,671.72,757.52,762.42,863.23,044.13,247.83,225.93,203.13,400.03,576.13,806.73,951.43,941.44,051.63,951.54,142.34,491.04,673.54,838.65,015.45,232.45,417.35,499.45,468.75,679.95,830.06,101.96,289.16,556.06,888.87,223.27,547.55,988.26,085.66,122.06,211.86,234.86,246.76,304.16,370.86,426.76,540.96,582.36,674.06,764.76,860.06,934.86,995.87,125.97,166.27,241.07,359.57,432.87,469.17,584.17,703.9
Nonfarm1
Total1
1,721.81,758.01,798.01,920.02,009.32,142.22,291.22,453.02,499.72,630.02,714.82,717.12,815.62,999.43,208.53,189.13,145.93,350.53,524.03,761.53,900.43,893.93,980.03,874.84,099.84,427.44,594.24,763.04,938.65,165.15,340.05,417.05,384.75,586.55,745.26,003.96,203.56,463.86,786.37,121.87,446.15,887.05,986.56,023.76,118.56,146.56,160.26,222.36,285.06,336.96,448.16,489.76,580.46,665.56,758.36,829.46,892.17,024.07,066.47,139.77,257.17,331.37,366.37,485.27,601.6
Nonfarmless
housing
1,550.61,576.51,606.71,716.11,795.01,917.22,053.02,202.42,237.92,357.42,430.72,426.12,512.82,680.72,873.62,840.32,795.12,987.53,148.03,364.23,483.33,456.13,526.63,419.23,637.03,943.54,094.04,253.04,413.14,622.04,779.04,845.84,799.74,987.85,146.25,382.75,567.45,820.96,135.66,462.26,766.45,265.65,374.25,400.95,490.05,513.05,526.85,588.35,641.85,697.85,807.65,845.45,932.96,015.26,106.76,178.36,242.36,370.46,408.16,477.66,592.76,659.36,690.16,802.26,913.8
Hous-ing
167.8179.2189.8202.2212.7222.9235.5246.9259.2269.3281.4289.7301.7316.6331.4349.1353.1362.1373.4393.4414.4441.8459.3465.3468.3486.4502.4511.2526.3543.5561.4571.8586.4599.8599.5621.6636.2642.8650.8660.2680.9622.1612.4623.1628.7633.9633.6634.1643.4639.1640.5644.3647.4650.3651.7651.1650.1654.0658.7662.6665.4672.9677.2684.2689.3
Farm
39.741.741.941.242.340.943.241.844.643.144.345.747.747.847.646.454.852.755.553.757.855.871.774.950.066.980.176.978.369.879.183.885.395.385.6
100.285.592.2
103.1100.599.4
103.5101.3100.895.088.986.880.985.489.792.892.793.699.5
102.1106.5104.2101.798.7
100.4101.3100.2101.695.899.9
Households and institutions
Total
115.6123.5124.4129.0132.1135.9140.8146.0150.8155.3160.3158.8162.3166.9170.9172.2177.7179.8185.0188.4192.5198.1202.6208.4213.0218.2224.9236.0247.8265.5279.8291.5300.9308.6319.7330.9341.5348.6360.5369.0376.3326.1329.0332.7335.8338.3340.8342.7344.3345.1347.2349.7352.3355.6359.0362.4364.9366.9368.2369.6371.3373.2374.8377.2380.2
Privatehouse-holds
22.622.822.121.921.621.420.719.920.019.018.016.916.115.615.213.112.312.712.913.311.810.49.79.39.2
10.410.110.410.210.611.111.410.511.311.711.812.212.011.813.314.611.711.711.912.012.112.212.312.312.212.111.911.811.611.611.812.012.412.913.514.214.614.614.714.7
Non-profit
institu-tions
86.194.196.1
101.0104.7108.9115.0121.5126.3132.2138.7138.7143.3148.6153.2157.1163.8165.4170.4173.3179.5187.0192.6199.0203.8207.6214.7225.5237.6254.8268.6280.1290.4297.3308.0319.1329.3336.5348.7355.7361.7314.4317.3320.9323.8326.2328.5330.3332.0332.8335.0337.8340.5344.0347.4350.7352.8354.5355.3356.1357.0358.6360.2362.5365.5
General government2
Total
460.3476.3493.3512.6527.8545.7564.0599.4631.5656.5673.6676.4678.0677.6680.5693.7704.4709.9716.4729.8737.2747.4751.4758.6763.2772.4794.3813.7831.4852.8873.0895.1903.6904.9906.2905.6906.7908.7915.9924.8939.0905.3905.8906.4905.0907.6908.8908.5901.8899.8912.5911.2911.1913.2916.0917.7916.9920.2923.4926.1929.6933.3936.2941.3945.4
Federal
250.4255.3260.8271.7274.1276.6278.4296.8316.4322.1323.5310.0296.4282.9272.7271.4269.5269.4269.2272.3271.7275.7279.8283.9290.2296.5304.7309.9318.0321.8325.6331.4333.3326.2319.7309.9299.1292.0287.8285.8284.8314.3311.2309.0304.9303.1302.2300.5290.5291.2294.2292.9289.8289.3288.5288.0285.2285.6285.6286.1286.1285.5284.5284.5284.7
Stateandlocal
211.1222.3233.7242.3254.9270.2286.6303.7316.4335.4350.7366.2381.2394.5408.1422.9435.8441.5448.3458.7466.9473.2473.0476.0474.1476.9490.6504.8514.5532.1548.5564.7571.2579.4587.1596.1607.7616.7628.2638.9654.1591.4594.9597.6600.3604.7606.7608.1611.2608.6618.3618.4621.4623.9627.4629.7631.6634.6637.7639.9643.4647.7651.5656.7660.6
1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-ment. Nonfarm product equals gross domestic business product less gross farm product.2 Equals compensation of general government employees plus general government consumption of fixed capital.
Source: Department of Commerce, Bureau of Economic Analysis.
321
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-12.—Gross product of nonfinancial corporate business, 1959-99[Billions of dollars,- quarterly data at seasonally adjusted annual rates]
Year nrTeal 01quarter
195919601961 ...:....19621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994: I ....
II ...Ill ..IV ..
1995:1II ...Ill ..IV ..
1996:1 ....II ...Ill ..IV ..
1997:1II ...Ill ..IV ..
1998:1II ...Ill ..IV ..
1999:1II ...Ill ..
Grossproduct
ofnon-
financialcorpo-ratebusi-ness
275.5286.6294.5321.1341,5368.4404.1442.2465,45126556.1575.3621.1689.1771.1833.0900.7
1,015.21,147.21,305.71,453.41,581.01,797.91,859.71,984.22,229.32,364.92,449.52,632.32,853.53,002.53,140.93,196.53,336.43,508.83,791.74,004.04,221.54,529.84,834.6
3,686.93,754.73,818.23,907.23,932.73,969.24,038.24,076.24,117.24,192.74,249.84,326.54,408.64,483.24,578.94,648.64,723.04,784.74,882.44,948.45,028.65,094.95,176.6
""
Con-sump-
tionof
fixedcap-ital
23.124.024.625.526.528.029.932.836.039844.148.853.458.764.175.089.599.2
111.2127.0147.4170.1196.8217.7226.0238.2254.9271.4284.8303.1323.8339.3355.7370.5387.0415.0437.7462.7491.3522.2559.5426.7405.0411?417.1425.6434.2440.9450.2452.6458.5465.9473.6480.3487.3495.1502.5508.4516.5526.7537.2543.8552.3568.55736
Net product
Total
252.4262.5269.9295.5314.9340.4374.2409.4429.44728512.0526.5567.6630.4707.0758.0811.2916.1
1,036.01,178.71,306.01,410.91,601.11,642.01,758.21,991.12,110.02,178.12,347.52,550.42,678.72,801.62,840.82,966.03,121.83,376.73,566.33,758.94,038.54,312.4
3,260.23,349.83,406.93,490.03,507.13,535.03,597.23,626.03,664.63,734.23,783.93,852.93,928.33,995.94,083.84,146.04,214.64,268.24,355.74,411.14,484.84,542.74,608.1
Indi-rectbusi-ness
taxes1
34.236.938.641.543.746.849.751.354.761467.072.278.884.692.298.2
105.7114.0124.3135.2145.1163.8195.9198.0216.2240.0254.6266.2278.8295.3317.1335.2359.0380.4400.5436.6455.5473.9496.1523.5556.8425.3433.3440.6447.1451.6455.0454.3461.1466.1472.6474.2482.7486.2493.9501.0503.2510.0516.4523.0544.5542.4549.8558.5576 fi
Domestic income
Total
218.2225.6231.2254.0271.2293.6324.5358.1374.74114445.0454.3488.8545.9614.9659.8705.5802.1911.7
1,043.51,160.91,247.11,405.31,444.01,542.01,751.11,855.41,911.92,068.62,255.12,361.62,466.42,481.82,585.62,721.32,940.13,110.83,285.03,542.53,788.9
2,834.92,916.42,966.33,042.93,055.43,080.13,142.93,164.83,19843,261.63,309.63,370.23,442.13,502.13,582.83,642.83,704.63,751.83,832.63,866.73,942.43,992.94,049.5
Com-pensa-
tionof
employ-ees
171.3181.0185.2200.0210.9226.5246.3273.8292.23231358.5378.1401.2445.9504.5555.1578.6655.0740.0851.0966.2
1,056.91,169.91,216.11,279.91,421.41,522.31,603.81,716.31,844.11,946.62,052.72,086.92,194.22,290.72,430.22,552.72,667.12,860.13,090.43,299.02,376.62,413.7244272,487.62,517.82,538.52,566.72,587.9260002,649.22,689.12,730.12,783.22,828.82,878.72,949.93,008.73,059.93,118.63,174.63,223.83,270.03,326.33,375.9
Corporate profits with inventory valuation and capitalconsumption adjustments
Total
43.741.142.149.555.561.872.176.973.878173.359.169.580.887.976.498.2
119.7141.0156.2149.6132.0163.5145.4185.5242.0242.7209.7247.2287.5263.2257.7252.0278.0324.7402.0442.3509.1562.8575.0
356.3398.2413.7440.0420.6424.4460.4463.64916504.4511.4529.1543.0553.7583.2571.2575.0568.6588.5568.0592.5594.7589.2
Profits
Profitsbefore
tax
43.640.340.144.949.856.166.371.667.774.171.158.567.379.099.0
109.6110.5137.9159.2184.4197.1183.6184.2136.9160.7195.3172.3147.9209.5257.3235.6237.2221.6258.0305.8381.4422.1460.2503.6490.6
352.3370.8389.3413.3414.1414.5431.3428.7445.9460.2460.1474.7484.8491.6525.8512.1486.2492.4503.9479.8508.6534.2541.8
Profitstax
liability
20.719.219.520.622.824.027.229.527.833.633.327.229.933.840.242.241.553.059.967.169.667.063.946.359.473.769.975.693.5
101.998.995.885.591.2
105.2128.9136.7150.1158.8152.5
119.7125.1131.1139.6134.4134.1139.5139.0144.9150.0150.0155.5152.7154.8166.4161.5150.9153.1157.1148.8157.9166.9169.3
Profits after tax
Total
22.921.120.624.327.132.139.142.139.940.637.831.437.445.358.867.469.084.999.3
117.3127.5116.6120.390.7
101.3121.6102.372.3
116.0155.5136.7141.4136.1166.8200.5252.6285.4310.1344.7338.1
232.5245.7258.2273.7279.6280.4291.8289.73009310.2310.1319.2332.1336.7359.4350.7335.3339.3346.9331.0350.6367.3372.5
Divi-dends
10.010.610.611.412.613.715.616.817.519.119.118.518.520.121.121.724.828.031.536.438.145.353.353.364.267.872.373.975.979.8
104.2119.2125.8135.0149.3158.6179.3201.9219.8245.4
148.4158.5158.1169.3172.7173.5183.2188.01989195.0203.8210.1211.6216.0221.6230.1236.2245.5242.9256.9241.5267.9264.6
Undis-tributedprofits
12.910.510.112.914.418.423.525.322.421418.712.818.925.237.845.744.256.967.880.989.471.367.037.437.153.830.1-1.640.175.732.622.210.331.951.294.0
106.0108.2124.9
92.7
84.287.3
1001104.4107.0106.9108.5101.71020115:2106.3109.1120.4120.8137.9120.699.193.7
104.074.0
109.199.4
108.0
Inven-toryvalu-ation
adjust-ment
-0.3-.2
.3
.0
.1-.5
-1.2-2.1-1.6-37-5.9-6.6-4.6-6.6
-19.6-38.2-10.5-14.1-15.7-23.7-40.1-42.1-24.6-7.5-7.4-4.0
.07.1
-16.2-22.2-16.3-12.9
4.9-2.8-4.0
-12.4-18.3
3.17.4
20.9
-8.3-10.2-157-15.6-32.5-28.2-9.8-2.6
21-17
4.77.19.3
11.24.94.0
29.513.619.820.813.3
-13.6-26.7
Capitalcon-
sump-tion
adjust-ment
0.41.01.74.65.66.27.17.47.67 78.07.16.88.48.55.0
-1.7-4.1-2.5-4.5-7.3-9.5
3.915.932.250.770.454.853.952.343.933.425.522.823.033.138.445.851.863.573.812.337.640142.339.138.139.037.543645.846.647.349.050.952.555.159.462.664.867.470.674.174.176.2
Netinter-est
3.13.54.04.54.85.36.17.48.8
10113.217.118.119.222.528.328.727.530.736.345.058.171.882.576.687.790.498.4
105.1123.6151.8156.0143.0113.3105.9107.9115.8108.7119.6123.5
102.1104.51099115.3117.0117.2115.8113.31069108.0109.1111.0116.0119.6120.9121.8120.9123.3125.5124.1126.1128.1134.0
1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysts.
322
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-13.—Output, price, costs, and profits of nonfinancial corporate business, 7959-99[Quarterly data at seasonally adjusted annual rates]
Year or quarter
1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 . .. .1990199119921993199419951996199719981994-1 .
IIIllIV
1995:1IIHIIV
1996:1IIIIIIV
1997:1||IIIIV
1998:1||IIIIV
1999:1 . . .IIIll
Grossproduct of
nonfinancialcorporatebusiness
(billions ofdollars)
Currentdollars
275.5286.6294.5321.1341.5368.4404.1442.2465.4512.6556.1575.3621.1689.1771.1833.0900.7
1,015.21,147.21,305.71,453.41,581.01,797.91,859.71984.22,229.32,364.92,449.52,632.32,853.53,002.53,140.93,196.53,336.43,508.83,791.74,004.04,221.54,529.84,834.63,686.93,754.73,818.23,907.23,932.73,969.24,038.24,076.24,117.24,192.74,249.84!326.54,408.64,483.24,578.94,648.64,723.04,784.74,882.44,948.45,028.65,094.95,176.6
Chained(1996)dollars
940.2971.4993.8
1,075.21,137.11,216.21,314.61,404.61,441.01,529.31,589.21,575.21,637.81,765.2
iff}1,802.81,942.72,082.52,218.32,270.92,283.12,390.62,367.02,476.52,731.32,850.32,936.03,097.23,275.03,341.03,390.43,368.03,492.23,624.83,869.14,040.84,221.54,501.04,803.43,777.33,841.73,888.73,968.83,979.34,010.14,070.74,103.24,128.34,193.94,244.74,319.24,383.84,452.34,548.24,619.74,699.14,758.44,844.84,911.24,981.75,035.05,116.7
Price, costs, and profit per unit of real output (dollars)
Priceper unit ofreal gross
productof nonfi-nancial
corporatebusiness1
0.293.295.296.299.300.303.307.315.323.335.350.365.379.390.413.455.500
1589.640.692.752.786.801.816.830.834.850.871.899.926.949.955.968.980.991
1.0001.0061.007.976.977.982.984.988.990.992.993.997
1.0001.0011.0021.0061.0071.0071.0061.0051.0061.0081.0081.0091.0121.012
Com-pen-
sationof
employ-ees(unitlaborcost)
0.182.186.186.186.185.186.187.195.203.211.226.240.245.253.270.303.321.337.355.384.425.463.489.514.517.520.534.546.554.563.583.605.620.628.632.628.632.632.635.643.629.628.628.627.633.633.631.631.630.632.634.632.635.635.633.639.640.643.644.646.647.649.650
Unit nonlabor cost
Total
0.064.067.068.067.065
ff.065.069.073.078.088.092.092.095.110.125.124.128.134.149.172.194.211.209.207.210.217.216.221.237.245.255.247.246.248.250.248.246.244.253.245.247.247.249.250.248.250.249.248.248.248.247.247.246.244.243.244.243.245.243.244.246
Corn-sump-tionof
fixedcapital
0.025.025.025.024.023.023.023.023.025.026.028.031.033.033
£.050.051.053.057.065.075.082.092.091.087.089.092.092.093.097.100.106.106.107.107.108.110.109.109.113.105.106.105.107.108.108.110.110.109.110.110.110.109.109.109.108.109.109.109.109.110.111
Indi-rectbusi-ness
taxes2
0.036.038.039.039.038.038.038.037.038.040.042.046.048.048
8.059.059.060.061.064.072.082.084.087.088.089
:090.095.099.107.109.110.113.113.112.110.109.113.113.113.113.113.113.112.112.113.113.112.112.111.111.110.109.109.109.108.111.109.109.109
Netinterest
0.003.004.004.004.004
.005
.005
.006
.007
.008
.011
.011
.011
.012
.015
.016
.014
.015
.016
.020
.025
.030
.035
.031
.032
.032
.034
.034
.038
.045
.046
.042
.032
.029
.028
.029
.026
.027
.026
.027
.027
.028
.029
.029
.029
.028
.028
.026
.026
.026
.026
.026
.027
.027
.026
.026
.026
.026
.025
.025
.025
.026
Corporate profits withinventory valuation and
capital consumptionadjustments3
Total
0.046.042.042.046.049.051.055.055.051.051.046.038.042.046.047.042.054.062.068.070.066.058.068.061.075.089.085.071.080.088.079.076.075.080.090.104.109.121.125.120.094.104.106.111.106.106.113.113.119.120
i8. .124
.124
.128
.124
.122
.119
.121
.116
.119
.118
.115
Profitstax
liability
0.022.020.020.019.020.020.021.021.019.022.021.017.018.019.022.023.023.027.029.030.031.029.027.020.024.027.025.026.030.031.030.028.025.026.029.033.034.036.035.032.032.033.034.035.034.033.034.034.035.036.035.036.035.035.037.035.032.032.032.030.032
fl
Profitsaftertax4
0.024.023.023.027.029.031.034.034.032.029.025.020.024.027.026.019.031.034.039.040.035.028.042.042.051.062.061.046.050.057.049.048.049.053.061.071.076.085.090.088.063.071.073.076.072.072.079.079.084.085.085.086.089.090.092.089.090.087.089.085.087.085.082
tThe implicit price deflator for gross product of nonfinancial corporate business divided by 100.2 Indirect business tax and nontax liability plus business transfer payments less subsidies.3 Unit profits from current production.4 With inventory valuation and capital consumption adjustments.Source-. Department of Commerce, Bureau of Economic Analysis.
323
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-14.—Personal consumption expenditures, 1959-99[Billions of dollars,- quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 :..198419851986 . .1987198819891990199119921993199419951996199719981999/> ........1994:1
I II l lIV
1995:1IIIllIV
1996:1I IIllIV
1997:1I II l lIV
1998:1IIIllIV
1999:1IIIllIV/> ...
Personalcon-
sumptionexpendi-
tures
318.1332.3342.7363.8383.1411.7444.3481.8508.7558.7605.5648.9702.4770.7852.5932.4
1,030.31,149.81,278.41,430.41,596.31,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.73,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.94,613.84,677.54,753.04,821.34,868.64,943.75,005.25,058.45,130.55,218.05,263.75,337.95,430.85,466.35,569.15,631.35,714.75,816.25,889.65,973.76,090.86,200.86,303.76,424.6
Durable goods
Total1
42.743.341.846.951.656.763.368.370.480.885.985.096.9
110.4123.5122.3133.5158.9181.2201.7214.4214.2'231.3240.2281.2326.9363.34013419.7450.2467.8467.6443.0470.8513.4560.8589.7616.5642.9698.2758.1546.2553.6563.2580.0578.2584.4596.2600.0606.4621.3616.7621.5636.1627.8651.9655.8679.2693.9696.9722.8739.0751.6761.8780.1
Motor
clesand
parts
18.919.717.821.524.426.029.930.330.036.138.435.544.551.156.149.554.871.383.593.193.587.095.8
102.9126.9152.5175.7192.4193.1206.1211.4206.4182.8200.2222.1242.3249.3256.3263.1289.2315.9241.4239.0240.2248.8245.0248.2252.3251.7256.3259.2255.4254.2262.6253.0269.1267.8278.6288.2285.6304.4306.8313.8318.1324.7
Furni-tureand
house-hold
equip-ment
18.118.018.319.320.723.225.128.230.032.934.735.737.842.447.951.554.560.267.274.382.786.792.193.4
106.6119.0128.5143.0153.4163.6171.4171.4171.5178.7192.4211.2225.0236.9249.5268.7290.2202.1208.6214.3219.9220.4221.9227.0231.0230.4238.2237.7241.2244.3247.0251.4255.1263.1265.8270.6275.3283.8287.3292.0297.9
Nondurable goods
Total1
148.5152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2272.0285.5308.0343.1384.5420.7458.3497.2550.2624.4696.1758.9787.6831.2884.7928.8958.5
1,015.31,082.91,165.41,246.1
Food
80.782.384.086.188.393.6
100.7109.3112.5122.2131.5143.8149.7161.4179.6201.8223.2242.5262.7289.6324.7356.0383.5403.4423.8447.4467.6492.0515.3553.5591.9636.9
1,278.8 657.61,322.9! 669.31,375.21,438.01,497.31,574.11,641.71,708.91,841.11,409.71,425.11,449.91,467.21,475.81,492.21,502.61,518.51,539.61,569.41,578.81,608.41,630.51,627.11,652.31,657.11,674.61,701.21,716.61,742.91,787.81,824.81,853.91,897.7
697.9728.2755.8786.0817.0853.4903.0714.6725.4733.1739.6745.5753.6758.8765.3773.9781.8788.8799.3812.0811.9821.9822.2832.9847.6857.6875.6885.4893.4903.9929.4
Cloth-ingand
shoes
26.427.027.629.029.832.434.137.439.243.246.547.851.756.462.566.070.876.684.194.3
101.2107.3117.2120.5130.9142.5152.1163.1174.4185.5198.9204.1208.7221.9231.1240.7247.8258.6271.2286.3306.2237.2237.9241.5246.3244.5246.0249.3251.2253.0259.0259.3263.0267.3267.3274.5275.7282.5287.1286.6289.2301.8306.7308.1308.4
Gaso-lineanddiiuoil
11.312.012.012.613.013.614.816.017.118.620.521.923.224.428.136.139.743.046.950.166.286.797.994.193.194.697.280.185.487.797.0
107.3102.5104.9106.6109.0113.3124.2126.2112.9123.3105.7104.8111.5113.8113.9114.3112.7112.2117.7127.0123.3128.6130.4123.5125.2125.6117.5114.1111.8108.3106.5121.7129.3135.7
Fueloil
anddllUcoal
4.03.83.83.84.04.14.44.74.84.74.64.44.65.16.37.88.4
10.111.111.514.415.415.814.513.613.913.611.311.211.711.912.912.412.212.913.514.115.615.213.214.814.512.913.813.013.214.414.214.616.115.115.016.015.515.515.214.713.513.613.412.613.714.615.415.4
Services
Total1
127.0136.1144.3154.1163.4176.4189.5204.7221.2242.3266.4292.0320.0352.3385.9425.5476.1532.6600.0678.4757.4852.7954.0
1,051.51,174.01,286.91,420.61,535.41,670.31,823.51,963.52,117.82,249.42,415.92,566.12,717.62,882.03,047.03,239.83,441.53,655.72,657.92,698.82,739.82,774.02,814.72,867.12,906.32,939.92,984.43,027.43,068.23,107.93,164.23,211.43,265.03,318.53,360.93,421.13,476.13,508.03,564.03,624.33,688.03,746.7
Hous-in a 2ing
45.048.251.254.758.061.465.469.574.179.786.894.0
102.7112.1122.7134.1147.0161.5179.5201.7226.5255.1287.7313.0338.7370.3406.8442.0476.4511.9546.4585.6616.0641.3666.5704.7740.8772.5809.8855.9902.8690.7700.1709.6718.6727.7736.9744.9753.7760.4768.1776.6785.1794.5804.5814.7825.4837.5850.0861.8874.3885.6897.3907.6920.6
Householdoperation
Total1
18.720.321.222.423.625.026.528.230.232.435.237.941.345.7
56 064!373.182.792.1
101.0114.2127.3143.0157.6169.8182.2188.9196.9208.4221.3227.6238.6248.3268.9284.0298.1317.3332.7346.9362.6275.3287.5286.7286.4287.8295.7304.6304.2314.6318.3313.4322.7324.7328.4333.7344.0336.1348.0356.0347.3356.2360.3366.8367.0
Elec-tricity
andgas
7.68.38.89.49.9
10.410.911.512.213.014.115.316.918.820.424.029.233.238.543.047.857.564.874.282.486.590.889290.996.3
101.0101.0107.4108.9118.6119.8122.5128.7130.4128.1130.4121.3123.3118.7115.9116.2121.8127.3124.7131.3130.0124.6129.1128.8128.5128.9135.2123.6131.4134.6122.9128.3129.4133.8130.2
Trans-porta-tion
10.511.211.712.212.713.414.515.917.318.920.923.727.129.831.233.335.741.349.253.559.164.768.770.979.490.0
100.0107.3118.2129.9136.6141.8142.8155.0166.2180.9197.7214.2234.4245.2254.9174.3179.1183.1186.9190.4195.5200.8204.2206.5211.7215.9222.6228.5232.7236.5239.7242.1244.9246.2247.7250.3254.0256.5258.9
Medi-cal
care
16.417.618.720.822.625.827.930.733.939.244.850.456.963.971.580.493.4
106.5122.6140.0158.1181.2213.0239.3267.9294.6322.5346.8381.8429.9479.2540.6591.0652.6700.6737.3780.7814.4850.2894.3941.3723.4732.3741.5752.0767.6776.2784.8794.3798.2810.7817.9831.0837.7845.9854.9862.4877.7890.1899.0910.5922.5933.0948.1961.6
1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.
324
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-15.—Real personal consumption expenditures, 1987-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
198719881989199019911992199319941995199619971998 .111999*1994:1
IIIll ....IV ....
1995:1IIIll ....IV ....
1996:1IIIll ....IV ....
1997:1I IIll ....IV ....
1998:1I IIll ....IV ....
1999:1I IIll ....IV* ..
Personalcon-
sumptionexpendi-
tures
4,096.04,263.24,374.44,454.14,460.64,603.84,741.94,920.05,070.15,237.55,433.75,698.65,998.74,857.64,899.24,936.74,986.45,004.75,053.65,094.05,128.05,170.35,227.55,255.45,296.85,361.15,385.15,471.85,517.15,592.35,675.65,730.75,795.85,888.45,961.86,033.36,111.2
Durable goods
Total1
455.2481.5491.7487.1454.9479.0518.3557.7583.5616.5657.4731.5815.1546.9551.7557.7574.3570.4577.4590.7595.7601.7620.4618.1625.7642.1639.7669.7678.0704.9723.9731.2766.0788.8806.1821.2844.5
Motorvehi-clesand
parts
242.4254.9253.9246.1211.8225.7242.2255.1253.4256.3263.8291.9318.0258.2253.3251.4257.5250.7252.2256.4254.4257.0259.6255.2253.4261.1252.9270.9270.4281.5291.7286.7307.4310.4317.2319.6324.9
Furni-tureand
house-hold
equip-ment
133.3142.3149.9150.9152.7161.5177.4196.3215.4236.9262.1297.4341.6187.1193.1198.6206.4207.7211.1218.1224.6226.1237.2238.7245.5251.4257.8266.2273.1284.8290.4301.7312.6326.7335.5346.0358.2
Nondurable goods
Total1
1,274.51,315.11,351.01,369.61,364.01,389.71,430.31,485.11,529.01,574.11,619.91,685.31,774.61,465.31,477.61,490.91,506.51,514.31,525.31,531.71,544.61,553.91,569.91,578.61,593.91,609.01,608.21,630.71,631.81,654.91,681.91,692.01,712.61,749.51,763.71,779.31,805.9
Food
664.6690.7703.5722.4721.4725.6745.1764.9777.0786.0799.1820.6850.8756.0764.7767.2771.6773.4776.0778.0780.6784.5785.5785.3788.5798.7796.7802.2798.9805.7818.2823.0835.4839.5844.6850.0869.2
Cloth-ingand
shoes
182.4187.8198.6197.2197.8208.8218.5231.6244.3258.6271.1292.2317.8227.6227.3232.2239.2240.1242.4246.3248.4250.7257.8261.6264.3267.8264.7274.7277.1287.8293.1292.2295.6314.7316.8321.6317.9
Gaso-lineanda nooil
112.8114.9116.4113.1109.4112.5115.4117.4120.2124.2126.2127.7128.1116.6117.3117.6118.3119.5120.0120.0121.5121.9124.4124.5125.9125.1126.7126.6126.4126.6127.9128.5127.7127.1127.5128.2129.5
Fueloil
anria 110coal
14.214.714.413.112.913.214.015.015.715.615.114.515.915.914.315.214.514.816.115.716.316.615.315.514.914.315.315.615.114.214.714.714.215.816.416.315.1
Services
Total1
2,361.52,460.62,526.12,595.12,645.52,739.42,795.42,878.02,957.83,047.03,156.73,284.53,416.82,846.42,870.92,888.92,905.72,920.42,951.32,971.82,987.83,014.83,037.23,058.83,077.23,110.13,137.03,172.03,207.83,234.23,272.23,309.63,322.0
m3,440.6
Hous-inn 2
644.8663.4679.9696.2709.8719.3728.1749.1763.7772.6786.5805.6826.1741.9746.1752.1756.5759.8762.6764.9767.6768.7770.8773.6777.0781.2784.2788.1792.6798.4804.1808.0812.0818.4823.1828.5834.5
Householdoperation
Total1
238.0248.2257.2259.8262.9267.6282.3293.0304.0317.3327.1344.3359.9284.9296.8295.3294.9293.9302.2310.5309.3317.6319.1312.3320.1318.5323.4328.5337.9333.5344.7353.7345.4354.0358.8364.4362.6
Elec-tricity
andgas
106.9112.3114.7112.8116.3115.7122.2122.8125.3128.7127.5129.6132.5124.0126.4121.7119.2118.8125.1130.3127.2132.8130.5123.8127.9124.7126.5126.6132.2124.1132.2136.6125.7131.1132.2135.4131.1
Trans-porta-tion
164.6172.8174.6173.4164.7171.1176.6189.0201.0214.2226.3234.2240.9183.8187.4190.7194.2196.7198.8202.5206.0210.2212.7215.3218.5223.3225.0227.9229.1231.6234.4234.6236.1237.7239.9242.4243.7
Medi-cal
care
631.0659.9678.5710.9734.4765.4775.4783.1797.7814.4831.0854.4876.7778.5782.0784.3787.7791.1795.6799.8804.5804.1812.7816.3824.6824.1828.5833.3838.2846.4852.7856.4862.2865.6872.0880.9888.5
1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Note.—See Table B-2 for data for total personal consumption expenditures for 1959-86.Source: Department of Commerce, Bureau of Economic Analysis.
325
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-16.—Private gross fixed investment by type, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995
Privatefixed
invest-ment
74.675.775.282.088.197.2
109.0117.7118.7132.1147.3150.4169.9198.5228.6235.4236.5274.8339.0410.2472.7484.2541.0531.0570.0670.1714.5740.7754.3802.7845.2847.2800.4851.6934.0
1,034.61.110.7
1996 1,212.71997 ! 1.315.419981999" ....1994:1 ....
II ...Ill ..IV ..
1995:1 ....II ...Ill ..IV ..
1996:1 ....II ...Ill ..I V . .
1997:1 ....II ...Ill ..IV ..
1998:1 ....II ...Ill ..IV ..
1999:1 ....II ...Ill ..IV"
1,460.01,577.4
998.11,026.61,042.01,071.61,100.11,097.21,110.11,135.41,165.61,201.71,232.61,250.91,274.11,299.61,338.31,349.41,415.41,454.21,461.71,508.91,543.31,567.81,594.21,604.1
Nonresidential
Totalnon-resi-
rlontialUcnilal
46.549.448.853.156.063.074.885.486.493.4
104.7109.0114.1128.8153.3169.5173.7192.4228.7278.6331.6360.9418.4425.3417.4490.3527.6522.5526.7568.4613.4630.3608.9626.1682.2748.6825.1899.4986.1
1,091.31,166.5
721.7738.2752.7781.8812.5820.3825.2842.3865.1885.4913.6933.7952.7972.7
1,007.71,011.41,065.91,090.81,087.21,121.41,139.91,155.41,181.61,189.1
Structures
Total1
18.119.619.720.821.223.728.331.331.533.637.740.342.747.255.061.261.465.974.691.4
114.9133.9164.6175.0152.7176.0193.3175.8172.1181.6193.4202.5183.4172.2179.4187.5204.6225.0254.1272.8272.6178.0188.2189.9193.9200.5204.8206.2207.0213.4220.0226.3240.3247.6247.8257.8263.1267.4274.0271.7278.0274.7272.5272.1271.1
Non-resi-den-tial
build-ingsin-
cludingfarm
10.612.012.713.713.915.819.521.320.621.124.425.427.130.135.538.335.635.939.949.765.773.786.394.590.5
110.0128.0123.3126.0133.8142.7149.1124.2113.2119.3129.0144.3161.7180.9197.0199.8120.5131.1130.8133.7140.2144.7145.2147.2151.8157.4163.2174.2178.2175.8185.2184.4191.0196.1197.5203.3204.0199.8197.5198.0
Utili-ties
4.95.04.64.65.05.46.17.17.89.29.6
11.111.913.115.016.517.120.021.524.127.530.233.032.528.730.030.631.226.526.629.528.433.736.734.834.035.836.036.539.239.234.033.534.034.535.436.136.235.535.835.535.537.335.536.237.037.238.738.939.240.139.239.139.938.8
Miningexplo-ration,shafts,
andwells
2.52.32.32.52.32.42.42.52.42.62.82.82.73.13.55.27.48.6
11.515.419.027.442.544.830.031.327.915.713.115.714.917.918.514.217.717.417.221.130.030.026.916.816.817.518.717.616.517.017.819.020.721.623.028.230.229.532.231.332.128.828.025.226.028.028.5
Equipment and software
Total1
28.429.829.132.334.839.246.554.054.959.967.068.771.581.798.3
108.2112.4126.4154.1187.2216.7227.0253.8250.3264.7314.3334.3346.8354.7386.8420.0427.8425.4453.9502.8561.1620.5674.4732.1818.5893.9543.7550.0562.8587.9612.0615.5619.0635.3651.7665.4687.3693.4705.2724.9749.9748.3798.4816.8815.4843.4865.2882.9909.5918.1
Information processing equipmentand software
Total
4.04.95.25.76.57.38.5
10.611.211.914.616.717.319.323.026.828.232.438.648.358.669.682.488.9
100.8121.7130.8137.6141.9155.9173.0176.1181.4197.5215.0233.7262.0287.3315.4356.9407.2227.3231.0234.5241.8250.5261.1263.1273.2280.0283.4290.9294.8303.1309.9322.7325.9343.4353.3361.0369.7382.3401.7416.8428.2
Com-puters
and pe-ripheralequip-ment2
0.0.2.3.3.7.9
1.21.71.91.92.42.72.83.53.53.93.64.45.77.6
10.212.517.118.923.931.633.733.435.838.043.138.637.743.647.251.364.670.976.788.598.348.750.351.354.857.764.365.670.770.5
. 69.671.671.773.875.779.078.485.988.689.190.592.396.4
100.8103.7
Soft-ware3
0.0.1.2.2.4.5.7
1.01.21.31.82.32.42.83.23.94.85.25.56.68.7
10.712.915.418.022.125.627.831.436.744.450.256.660.869.475.583.595.1
106.6123.4143.373.975.075.977.178.881.885.088.691.794.096.198.9
102.2105.0108.0111.2115.8120.7126.2131.2135.5140.7145.8151.4
Other
4.04.54.85.15.35.86.67.98.18.6
10.411.612.113.116.319.019.922.827.534.239.846.452.354.658.968.071.576.474.881.285.587.387.193.198.4
106.9113.8121.3132.1144.9165.6104.6105.7107.4110.0114.0115.0112.5113.9117.8119.8123.2124.2127.1129.2135.7136.2141.8144.1145.8148.0154.5164.6170.2173.1
Indus-trial
equip-ment
8.49.38.79.2
10.011.413.616.116.817.218.920.219.421.325.930.531.133.939.247.455.960.465.262.358.467.671.974.876.183.592.791.588.792.4
101.8113.3128.7136.4142.3150.2151.4109.4110.5114.5119.0124.7128.9130.8130.4135.0137.7135.9137.2136.4141.9144.3146.6148.6149.7150.9151.4147.9149.3153.0155.5
Trans-porta-tion
equip-ment
8.38.58.09.89.4
10.613.214.514.317.618.916.218.421.826.626.325.230.039.347.353.648.450.646.853.764.869.771.870.476.171.475.779.586.198.1
117.8126.1138.9150.9176.0198.2114.0112.8116.4127.8134.0122.4121.8126.4129.1134.6146.5145.5146.0150.2156.9150.3174.7177.2164.9187.0193.1193.6204.9201.3
Resi-den-tial
28.126.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5
110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.6234.2231.8216.8191.5225.5251.8286.0285.6313.3329.2368.7410.9276.4288.4289.3289.8287.6276.9284.9293.1300.5316.3319.0317.2321.4326.8330.7338.0349.5363.4374.5387.5403.4412.4412.7415.0
1 Includes other items, not shown separately.2 Includes new computers and peripheral equipment only.3 Excludes software "embedded," or bundled, in computers and other equipment.Source: Department of Commerce, Bureau of Economic Analysis.
326
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-17.—Real private gross fixed investment by type, 1987-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1987198819891990199119921993199419951996199719981999*1994:1 ....
II ...Ill ..IV ..
1995:1 ....II ...HI ..IV ..
1996:1 ....II ...Ill ..IV ..
1997:1 ....II ...Ill ..IV ..
1998:1 ....II ...Ill ..IV ..
1999:1 ....II ...Ill ..
Pr iv tfixed
invest-mentmem
856.0887.1911.2894.6832.5886.5958.4
1,045.91,109.21,212.71,316.01,471.81,589.41,014.91,039.91050.91,078.01,101.91,095.01,107.11,132.71,165.21,203.71,231.61,250.21,274.11,300.61,337.91,351.31,424.21,466.71,474.01,522.51,555.91,581.01,607.31,613.5
Presidential
Totalnon-resi-
dential
572.5603.6637.0641.7610.1630.6683.6744.6817.5899.4995.7
1,122.51,215.4
720.0734.1747.2777.1806.4811.4816.7835.5861.6885.6914.3936.2957.9980.8
1,018.01,026.11,088.61,120.21,120.31,160.81,182.71,202.91,234.31,241.9
Structures
Total1
224.3227.1232.7236.1210.1197.3198.9200.5210.1225.0244.0254.1247.3193.2202.9202.3203.8208.1211.0210.9210.4215.9221.3225.4237.3242.0239.5245.9248.6252.1256.4252.1255.7251.9248.5246.1242.8
Non-resi-den-tial
build-ingsin-
cludingfarm
162.6166.5171.4173.6142.7129.2131.7137.2147.6161.7175.3184.6180.2130.2140.7138.5139.6144.5148.3148.1149.4153.4158.3162.4172.4175.1171.4178.5176.1181.7184.9184.2187.4186.6181.2177.2175.9
Utili-ties
34.933.635.433.038.941.838.436.136.836.035.738.038.036.535.736.036.136.937.337.036.036.135.735.536.835.135.436.036.237.637.737.938.738.138.038.537.2
Miningexplo-ration,shafts,
andwells
18.620.418.421.320.817.220.519.818.221.126.425.423.219.319.219.720.819.117.617.918.419.621.021.522.326.226.925.427.126.527.124.223.621.622.624.324.5
Equipment and software
Total1
360.0386.9414.0415.7407.2437.5487.1544.9607.6674.4751.9870.6975.5527.4532.6545.7573.7598.5600.7606.0625.0645.8664.3688.9698.8715.8741.5772.3777.8837.9865.5870.6908.5935.7
UK1,008.7
Information processingequipment and software
Total
105.1116.4131.3136.4142.7163.0183.4206.6242.8287.3339.4418.5510.3198.2202.8208.0217.5227.5239.2245.0259.4271.7281.4293.6302.4316.9330.0350.2360.4388.8409.4427.4448.5470.4501.0526.0543.6
Com-puters
and pe-ripheralequip-ment2
10.311.814.414.215.420.826.432.649.270.999.0
154.2222.029.731.232.836.740.547.050.858.463.167.973.978.585.894.2
105.1110.9131.3146.9160.4178.3193.4212.9233.5248.1
Soft-ware3
27.932.440.145.951.458.766.874.382.095.1
109.4129.2149.272.273.774.976.377.580.183.387.290.793.696.499.8
104.0107.1111.1115.3120.9126.2131.9137.8141.6147.0152.0156.1
Other
78.083.586.887.686.491.596.4
104.9113.1121.3132.7147.1169.8102.3103.4105.4108.6112.8113.9111.9113.8117.8119.7123.3124.3127.6129.9136.2137.1143.1146.3148.3150.9157.8168.4174.7178.5
Indus-trialTrial
equip-ment
99.9104.9112.4105.899.0
100.8109.6119.6131.3136.4141.3148.1148.4116.7117.1120.5124.3129.3131.8132.7131.6135.6138.0135.7136.5135.6141.1143.2145.1147.0147.9148.7148.9145.0146.6150.0151.9
Trans-porta-tion
equip-ment
88.093.684.987.487.792.3
103.4120.4128.2138.9149.6175.3196.7117.4115.0118.2131.1137.3124.7123.3127.5130.2134.7145.8144.9144.9149.1155.0149.6174.2177.0164.2185.8190.8191.6204.0200.6
Resi-den-tial
290.7289.2277.3253.5221.1257.2276.0302.7291.7313.3320.6350.2375.4296.5307.5305.2301.8295.8283.5290.4297.3303.6318.1317.3314.0316.3320.0320.5325.7336.5347.4354.2362.6373.7378.8375.1374.0
1 Includes other items, not shown separately.2 Includes new computers and peripheral equipment only.3 Excludes software "embedded," or bundled, in computers and other equipment.Source: Department of Commerce, Bureau of Economic Analysis.
327
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-18.—Government consumption expenditures and gross investment by type, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994:1 ....
II ...Ill ..IV ..
1995:1 ....II ...Ill ..IV ..
1996-1II ...Ill ..IV ..
1997:1 ....II ...Ill ..IV ..
1998:1 ....II ...Ill ..IV ..
1999:1 ....II ...Ill ..IV*
Government consumption expenditures and gross investment
Total
112.5113.8121.5132.2138.5145.1153.7174.3195.3212.8224.6237.1251.0270.1287.9322.4361.1384.5415.3455.6503.5569.7631.4684.4735.9800.8878.3942.3997.9
1,036.91,100.21,181.41,235.51,270.51,293.01,327.91,372.01,421.91481 01,529.71,628.71,303.31,316.11,348.11,344.01,360.61,374.91,378.31,374.5140761,423.01,423.41,438.91,455.81,478.61,490.11,499.51,499.01,526.51,538.71,554.81,589.11,605.91,637.21,682.6
Federal
Total
67.465.969.576.978.579.882.194.4
106.8114.0116.1116.4117.6125.6127.8138.2152.1160.6176.0191.9211.6245.3281.8312.8344.4376.4413.4438.7460.4462.6482.6508.4527.4534.5527.3521.1521.5531.6537.8538.7570.8515.8515.9532.5520.0523.4525.5525.0512.3530.6537.2529.1529.4530.2543.0540.9537.1526.1542.2539.7546.7557.4561.6569.8594.6
National defense
Total
56.055.258.162.862.761.862.473.885.892.292.690.989.093.593.999.7
107.9113.2122.6132.0146.7169.6197.8228.3252.5283.5312.4332.2351.2355.9363.2374.9384.5378.5364.9355.1350.6357.0352.5348.6364.7349.4353.9366.9350.4352.2353.9352.7343.6356.1361.3355.6355.0347.0354.9354.5353.6338.9347.9354.7352.9355.8354.3365.4383.4
Con-sump-tion
expend-itures
42.242.844.348.350.150.352.461.471.579.080.178.779.382.382.687.593.497.9
105.8114.2125.3145.3168.9193.6210.6234.9254.9269.3284.8294.6300.5308.9321.1316.9309.2301.1297.5302.4304.5299.9310.9298.1299.7308.7297.8298.2299.3301.2291.2298.4304.1301.4305.6301.7308.2305.0303.0292.4301.2302.5303.4304.6300.8312.1326.1
Grossinvestment
Struc-tures
2.52.22.42.01.61.31.11.31.21.21.51.31.81.82.12.22.32.12.42.52.53.23.24.04.84.96.26.87.77.46.46.14.65.25.15.76.36.75.75.45.35.45.56.16.06.86.05.96.46.77.26.56.45.95.65.75.75.65.05.95.15.45.35.25.3
Equip-mentandamisoft-ware
11.210.111.512.511.010.28.9
11.113.111.911.010.97.99.49.2
10.112.113.214.415.318.921.125.730.837.143.851.356.158.853.956.359.858.856.350.748.346.947.942.343.348.645.948.752.146.547.248.645.646.051.050.047.743.039.441.243.844.940.941.746.344.445.848.248.252.0
Nondefense
Total
11.410.711.314.115.818.019.720.721.021.823.525.528.632.233.938.544.247.453.559.865.075.684.084.592.092.8
101.0106.5109.3106.8119.3133.6142.9156.0162.4165.9170.9174.6185.3190.1206.1166.3162.0165.6169.7171.2171.6172.3168.7174.5175.9173.5174.5183.2188.1186.4183.5187.2194.3185.0193.8201.6207.3204.4211.2
Con-sump-tion
expend-itures
9.88.78.9
11.212.313.915.015.816.918.019.921.724.427.629.032.937.740.145.550.154.763.671.071.777.477.184.189.089.988.299.1
111.0118.1128.8133.4138.6141.8142.9152.5153.6164.1139.5135.6138.5140.9141.0142.0143.3140.6143.4142.9141.5143.8151.0153.4153.1152.6152.6156.3149.0156.5162.4164.4162.9166.7
Grossinvestment
Struc-tures
1.51.71.92.12.32.52.82.82.22.11.92.12.52.73.13.44.14.65.06.16.37.17.76.86.77.07.38.09.06.86.98.09.2
10.311.210.510.811.19.7
11.311.310.39.79.9
11.911.410.711.010.111.212.011.410.010.29.9
10.48.4
10.810.911.711.611.710.811.411.2
Equip-mentanrldllUsoft-ware
0.2.3.6.8
1.21.61.92.11.91.71.71.71.71.81.82.22.42.73.03.74.04.95.36.07.88.79.69.5
10.411.713.414.615.716.917.716.818.420.523.025.230.716.516.717.216.918.818.917.917.919.821.120.520.721.924.722.822.523.727.124.425.727.432.130.133.3
State and local
Total
45.147.952.055.359.965.371.679.988.698.8
108.5120.7133.5144.4160.1184.2209.0223.9239.3263.8291.8324.4349.6371.6391.5424.4464.9503.6537.5574.3617.7673.0708.1736.0765.7806.8850.5890.4943.2991.0
1,057.9787.5800.2815.6824.0837.1849.4853.3862.2872.0885.7894.3909.4925.6935.6949.2962.3972.9984.2999.0
1,008.11,031.81,044.31,067.41,088.0
Con-sump-tion
expend-itures
31.134.037.039.442.446.350.856.863.271.180.292.0
103.4113.8126.9144.5165.4180.1196.5214.3235.0260.5284.6306.8325.1349.5380.5410.8439.0467.9503.0545.8576.1601.6629.5662.6694.7726.5765.9807.5857.3650.0658.6667.6674.2685.0692.6697.3703.8712.5723.0730.6740.0751.0759.1770.5782.8791.5802.7813.8822.2832.4848.4866.5881.8
Grossinvestment
Struc-tures
12.812.713.814.516.017.219.021.023.025.225.625.827.027.129.134.738.138.136.942.849.055.155.454.254.260.567.674.278.884.888.798.5
103.2104.2104.5108.7117.3122.5132.8135.2148.2103.2106.4112.1113.2115.0118.6117.1118.5119.1121.8122.1127.1131.3132.3133.7133.9134.6133.7136.5136.1148.9144.4147.8151.7
Equip-mentandsoft-ware
1.11.21.31.31.51.81.92.12.32.42.73.03.13.54.14.95.55.75.96.67.88.99.5
10.612.214.416.818.619.621.526.028.728.930.131.735.538.641.344.548.352.434.335.235.936.637.238.238.939.940.541.041.642.343.344.144.945.646.847.848.849.850.551.553.054.5
Source: Department of Commerce, Bureau of Economic Analysis.
328
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—19.—Real government consumption expenditures and gross investment by type, 1987—99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1987198819891990199119921993199419951996199719981999/-1994:1
II ....Ill ...IV . . .
1995:1II ....Ill ...IV ...
1996:1II ....Ill ...IV...
1997:1II ....Ill ...I V . . .
1998:1II ....Ill ...IV ...
1999:1II ....Ill ...IV*
Government consumption expenditures and gross investment
Total
1,290.91,306.11,341.81,385.51,402.81,410.71,398.11,399.41,405.91,421.91,455.11,480.31,534.61,387.31,389.71,416.81,403.91,406.81,413.51,410.41,393.21,404.41,430.21,422.11,431.01,437.01,457.11,463.31,463.01,459.21,480.71,485.31,495.91,514.61,519.51,536.51,567.7
Federal
Total
597.5586.7594.5606.6604.8595.2571.9551.2536.4531.6530.9526.1541.3550.7545.1563.1546.0544.0544.2540.4517.1529.0540.1529.5527.7523.9536.4534.6528.8515.4530.1527.0532.0531.4534.2539.7
National defense
Total
450.2446.8443.3443.2438.4417.1394.7375.9361.9357.0348.3341.7348.1373.3374.5387.8367.8366.9367.0363.3350.4356.4363.0355.4353.3342.9350.8350.7348.6332.7341.6347.5344.9341.4339.2348.3
560.1 363.7
Con-sump-
tionexpend-itures
373.2376.1372.4369.7369.5350.6336.1320.5308.7302.4299.4291.4293.5320.1319.2328.2314.5312.2312.2311.8298.5300.5305.2300.6303.2296.9303.4300.3297.1285.0293.4293.6293.6289.5284.9294.0305.7
Grossinvestment
Struc-tures
11.210.48.37.75.76.35.76.26.56.75.55.14.85.96.06.56.37.16.26.06.56.77.36.56.35.75.45.55.55.44.85.54.85.04.94.74.8
Equip-mentandsoft-ware
65.760.762.665.462.960.052.849.246.847.943.245.350.247.449.453.047.047.648.545.545.449.150.648.443.740.141.944.846.142.443.448.646.847.249.950.053.8
Nondefense
Total
146.3138.7150.3162.8165.9178.0177.2175.4174.5174.6182.7184.4193.1177.4170.6175.3178.2177.2177.2177.0166.8172.7177.2174.1174.4181.0185.5183.9180.2182.6188.4179.6187.1189.9194.9191.3196.4
Con-sump-tion
expend-itures
125.1119.0129.4139.8140.9150.1147.7147.9145.6142.9149.6147.3151.3150.4144.0148.0149.3147.0147.9148.4139.1141.9144.1142.0143.6148.6150.6150.2148.9147.6149.8142.9149.1150.8152.1149.8152.4
Grossinvestment
Struc-tures
11.68.68.39.3
10.411.612.411.211.111.19.4
10.610.311.210.410.612.511.911.111.210.311.312.011.49.9
10.09.7
10.18.0
10.310.311.010.810.99.9
10.410.1
Equip-meritandson-ware
10.611.713.214.215.016.517.216.517.920.523.726.732.216.116.316.916.618.318.417.517.419.521.120.620.922.425.423.623.524.928.725.927.528.633.731.834.9
State and local
Total
694.4720.3748.1779.6798.4815.8826.5848.3869.5890.4924.1953.9993.0836.7844.8853.9858.0862.8869.3870.0876.1875.4890.1892.6903.4913.1920.7928.6934.1943.6950.5958.1963.6982.9985.1996.6
1,007.5
Con-sump-
tionexpend-itures
576.1595.6616.5637.4652.9668.4679.9696.9710.9726.5749.8775.1801.1690.7695.2699.1702.6706.6709.3711.7716.1715.2726.8729.3734.9740.4747.2753.0758.7766.2772.8777.8783.7790.4797.3804.9811.7
Grossinvestment
Struc-tures
99.9104.3106.5114.5118.3118.7116.1117.0120.9122.5128.4127.5135.2112.7115.4120.0119.7119.9122.7120.2120.7120.2122.4121.6125.7128.6128.3129.1127.8128.1126.9128.3126.6137.8132.1134.1136.9
Equip-mentandsoft-ware
20.321.926.028.428.129.431.034.637.841.345.951.857.633.534.335.035.836.437.438.239.340.040.841.842.744.145.346.647.849.651.152.554.055.256.658.660.1
Note.—See Table B-2 for data for total Government consumption expenditures and gross investment for 1959-86.Source-. Department of Commerce, Bureau of Economic Analysis.
329
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-20.—Private inventories and final sales of domestic business, 1959-99[Billions of dollars, except as noted; seasonally adjusted]
Quarter
Fourth quarter.1959I960196119621963196419651966196719681969 . ...1970197119721973 !19741975197619771978197919801981 "19821983 .'1984 ::198519861987198819891990199119921993
1994- 1IIIIIIV
1995:1IIIIIIV
1996:1III I IIV
1997:1III l lIV
1998: I||I I IIV
1999-1||IllIV?
Private inventories1
Total2
121.4125.0128.2135.3137.7143.1157.2173.7184.0197.4215.8222.9240.6266.7322.7382.3387.3419.3462.7546.8644.7710.7754.9752.1769.6845.5856.5839.4901.0968.8
1,016.31,054.51,028.01,052.01,082.81,097.41,114.41,132.41,163.01,196.21,211.71,213.51,222.41,223.01,235.61,247.51,251.51,262.41,279.21,294.41,307.51,321.81,322.41,326.61,334.51,345.71,360.11,386.11,408.0
Farm
30.631.433.034.932.230.835.035.435.038.141.239.646.356.973.464.268.365.171.395.1
112.1112.1103.2109.5104.5108.0106.394.396.699.7
101.6105.794.0
102.499.1
104.799.498.9
102.9104.199.594.496.395.8
104.1107.7103.4106.5107.9109.0107.2108.0100.692.392.499.398.996.795.2
Nonfarm
Total2
90.893.595.2
100.5105.5112.2122.2138.3149.1159.3174.6183.3194.4209.9249.4318.1319.0354.2391.4451.7532.6598.7651.7642.6665.1737.6750.2745.1804.4869.1914.7948.9934.0949.5983.7992.7
1,015.01,033.41,060.01,092.11,112.21,119.11,126.11,127.21,131.51,139.81,148.11,155.91,171.31,185.31,200.31,213.71,221.81,234.31,242.11,246.41,261.31,289.41,312.8
Manu-facturing
47.748.750.153.255.158.663.473.079.985.192.695.596.6
102.1121.5162.6162.2178.7193.2219.8261.8293.4313.1304.6308.9344.5333.3320.6339.6372.4390.5404.5384.1377.6380.1383.4389.3395.1404.3417.0422.9425.1424.5424.9423.3425.9428.9432.8437.8441.4445.4448.7452.0453.9450.5448.2451.1458.3463.8
Whole-sale
trade
16.516.917.318.019.520.822.525.828.129.332.536.439.443.151.766.966.574.184.099.0
119.5139.4148.8147.9153.4169.1175.9182.0195.8213.9222.8236.8239.2248.3258.6259.3265.3272.0281.5290.9297.4301.1303.7305.4306.2305.3305.2310.0317.3322.0326.7330.6332.0338.1341.8340.9345.1355.6361.9
Retailtrade
20.521.921.322.723.925.228.030.630.934.237.538.544.749.858.463.964.473.080.994.1
104.7111.7123.2123.2137.6157.0171.4176.2199.1213.2231.4236.6240.2249.4268.6272.3281.7287.3293.6301.5308.1310.0312.2309.2313.8320.3322.0321.7323.0326.4331.2336.4335.9339.4344.0347.3351.1358.1368.9
Other
6.16.16.66.67.17.78.38.9
10.110.612.012.913.714.817.724.725.9
li38.846.654.166.666.865.266.969.566.369.969.570.171.070.574.376.577.778.779.080.682.783.782.985.687.888.188.392.191.593.395.597.098.0
101.9103.0105.7109.9113.9117.3118.3
Finalsales ofdomestic
busi-ness3
36.537.739.541.944.547.552.555.759.265.169.473.179.688.797.8
105.8118.5130.3145.6168.3187.3205.8223.0234.2257.2279.2300.2318.5336.5366.0388.5406.2417.5446.6470.0474.3481.0489.3496.8503.1508.4517.1523.7531.8541.7545.5556.3565.5572.4583.1588.5598.0607.7613.2624.7634.8642.6651.8663.1
Ratio of privateinventories
to final sales ofdomestic business
Total
3.333.313.243.233.093.012.993.123.113.033.113.053.023.013.303.613.273.223.183.253.443.453.393.212.993.032.852.642.682.652.622.602.462.362.302.312.322.312.342.382.382.352.332.302.282.292.252.232.232.222.222.212.182.162.142.122.122.132.12
Nonfarm
2.492.482.412.402.372.362.332.482.522.452.522.512.442.372.553.012.692.722.692.682.842.912.922.742.592.642.502.342.392.372.352.342.242.132.092.092.112.112.132.172.192.162.152.122.092.092.062.042.052.032.042.032.012.011.991.961.961.981.98
1 Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in private inventoriescomponent of GOP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The lat-ter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from thistable are at quarterly rates, whereas change in private inventories is stated at annual rates.
2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of house-
holds and institutions and of general government and includes a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturing
and trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 andearlier periods and trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based onthe 1987 SIC. The resulting discontinuities are small.
Source: Department of Commerce, Bureau of Economic Analysis.
330
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TABLE B—21.—Real private inventories ami final sales of domestic business, 1987-99[Billions of chained (1996) dollars, except as noted; seasonally adjusted]
Quarter
Fourth quarter:1987198819891990199119921993
1994:1III I IIV
1995- 1||HiIV
1996:1||IIIIV
1997-1||HIIV
1998-1IIIIIIV
1999: 1IIIlliv* :::.::...:.::::.::
Private inventories1
Total2
1,024.11,042.51,072.11,088.61,087.61,104.71,124.61,136.61,158.01,172.11,191.51,207.01,215.11,217.41,221.91,223.31,230.81,243.61,251.91,264.71,288.01,302.81,321.01,347.81,358.61,377.61,395.31,407.81,411.31,420.81,437.1
Farm
110.796.596.699.296.9
103.195.299.3
103.9107.1108.1106.7103.097.295.995.898.7
102.9103.7102.5104.3105.9106.7107.5104.9104.4107.6109.4109.7108.7106.9
Nonfarm
Total2
911.7945.4975.2989.0990.4
1,001.11,029.81,037.31,054.01,065.01,083.31,100.31,112.11,120.11,126.01,127.51132.11,140.71,148.11,162.31,183.71,196.81,214.31,240.21,253.51,272.91,287.41,298.21,301.41,311.71,329.6
Manu-facturing
361.6378.5392.7401.6394.9390.1393.7396.4399.5402.1405.8411.1415.0418.1419.9424.2423.3426.8430.0435.7443.1447.4452.1461.6468.6474.2477.2477.2475.1475.5478.1
Whole-sale
trade
228.6238.5243.2252.2257.3266.2273.1273.2278.0282.7290.2295.5299.3302.7304.5305.4306.7305.2307.7313.7322.5
339.2342.7351.2355.4357.8360.6366.9371.1
Retailtrade
239.7247.4261.9260.2260.8265.4280.8284.8292.3296.1301.4307.0311.4312.7313.6309.9313.8319.6321.0320.3323.0326.5331.7337.0336.2339.0342.9347.2348.7352.2361.9
Other
81.680.476.873.876.879.181.982.884.284.085.986.786.486.588.087.988.388.989.592.595.196.798.4
102.4106.2108.9112.3116.2117.2117.2118.4
Finalsales ofdomestic
busi-ness3
421.1441.4452.7455.6457.5480.5492.8495.5500.5505.9511.5514.5517.8524.4529.3535.0542.6544.4553.4559.4563.9572.9576.9585.0593.3597.0607.4615.0620.7628.3636.1
Ratio of privateinventories
to final sales ofdomestic business
Total
2.432.362.372.392.38
i*2.292.312.322.332.352.352.322.312.292.272.282.262.262.282.272.292.302.292.312.302.292.272.262.26
Nonfarm
2.162.142.152.172.162.082.092.092.112.112.122.142.152.142.132.112.092.102.072.082.102.692.102.122.112.132.122.112.102.092.09
1 Inventories at end of Quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the change in privateinventories component of GDP is stated at annual rates.2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of house-holds and institutions and of general government and includes a small amount of final sales by farms.
Note.—The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturingand trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 andearlier periods and trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based onthe 1987 SIC. The resulting discontinuities are small.
See Survey of Current Business, Table 5.13, for detailed information on calculation of the chained (1996) dollar inventory series.Source: Department of Commerce, Bureau of Economic Analysis.
331
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TABLE B-22.—Foreign transactions in the national income and product accounts, 1959-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959
196019611962 ..1963196419651966196719681969 1..::.:::1970197119721973 . .197419751976 . .197719781979
1980198119821983198419851986 . ..19871988 .. ..1989
1990199119921993199419951996199719981999*
1994:1||II IIV
1995:1III l lIV
1996:1III l lIV
1997:1I Ii l lIV
1998:1IIIl lIV
1999:1I IIllIVp
Receipts from rest of the world
Total
25.0
30.231.433.536.141.043.547.250.255.661.2
69973.482.6
115.6154.6164.4181.7196.6233.5299.1
360.7398.4385.0379.5426.0416.1431.4488.5598.7686.2
745.5769.3787.8812.5909.3
1,050.81,119.71,250.61,251.6
847.8889.7927.2972.6
1,011.91,037.01,065.71,088.7
1,092.41,102.41,111.21,172.9
1,198.51,250.21,279.41,274.3
1,265.41,253.01,225.51,262.7
1,250.71,274.31,316.2
Exports of goods andservices
Total
20.6
25.326.027.429.433.635.438.941.445.349.3
57059.366.291.8
124.3136.3148.9158.8186.1228.7
278.9302.8282.6277.0303.1303.0320.3365.6446.9509.0
557.2601.6636.8658.0725.1818.6874.2968.0966.3996.3
683.8714.5736.1765.8
787.7802.5834.1850.0
853.3864.7865.6913.1
929.6965.3988.6988.6
974.3960.1949.1981.8
966.9978.2
1,008.51,031.5
Goods1
16.5
20.520.921.723.326.727.830.732.235.338.3
44 S45.651.873.9
101.0109.6117.8123.7145.4184.0
225.8239.1215.0207.3225.6222.2226.0257.5325.8371.7
398.5426.4448.7459.7509.6583.8618.4689.0681.3697.5
475.8499.5518.8544.3
563.6574.3593.0604.4
607.8611.4615.4639.0
659.4685.7704.8706.0
692.8671.8667.2693.3
674.3680.5708.8726.5
Serv-ices1
4.2
4.85.15.76.16.97.68.29.2
10.011.012413.814.417.823.326.731.135.140.744.7
53.263.767.669.777.580.894.3
108.1121.1137.3
158.6175.2188.1198.3215.5234.7255.8279.0285.1298.8
208.0215.0217.3221.5
224.1228.2241.1245.6
245.5253.3250.1274.0
270.2279.6283.8282.6
281.5288.2281.9288.6
292.6297.7299.7305.0
In-comere-
ceipts
4.3
5.05.46.16.67.48.18.38.9
10.311.9
13014.116.423.830.328.232.937.947.470.4
81.895.6
102.4102.5122.9113.1111.1122.9151.8177.2
188.3167.7151.1154.4184.3232.3245.6282.6285.3
164.0175.2191.1206.8
224.2234.5231.6238.7
239.1237.7245.6259.8
268.9284.9290.9285.7
291.1292.9276.4280.8
283.8296.1307.7
Payments to rest of the world
Total
25.0
30.231.433.536.141.043.547.250.255.661.2
69973.482.6
115.6154.6164.4181.7196.6233.5299.1
360.7398.4385.0379.5426.0416.1431.4488.5598.7686.2
745.5769.3787.8812.5909.3
1,050.81,119.71,250.61,251.6
847.8889.7927.2972.6
1,011.91,037.01,065.71,088.7
1,092.41,102.41,111.21,172.9
1,198.51,250.21,279.41,274.3
1,265.41,253.01,225.51,262.7
1,250.71,274.31,316.2
Imports of goods andservices
Total
22.3
22.822.725.026.128.131.537.139.946.650.5
55862.374.291.2
127.5122.7151.1182.4212.3252.7
293.8317.8303.2328.6405.1417.2452.2507.9553.2589.7
628.6622.3664.6718.5812.1902.8963.1
1,056.31,115.91,253.1
755.1798.7835.2859.6
882.2911.5908.3909.3
929.1954.5976.1992.8
1,017.31,042.81,079.21,086.0
1,091.71,114.01,114.81,143.1
1,168.51,224.01,286.613333
Goods1
15.3
15.215.116.917.719.422.226.327.833.936.8
40946.656.971.8
104.599.0
124.6152.6177.4212.8
248.6267.8250.5272.7336.3343.3370.0414.8452.1484.5
508.0500.7544.9592.8676.7757.6808.3885.1930.4
1,048.9
622.0664.6698.2722.0
740.4766.9761.9761.5
778.6801.9818.6834.3
852.3874.1904.3909.7
912.8928.9927.2952.6
974.31,022.31,079.311199
Serv-ices1
7.0
7.67.68.18.48.79.3
10.712.212.613.7
14.915.817.319.322.923.726.529.834.839.9
45.349.952.656.068.873.982.293.1
101.1105.2
120.6121.6119.8125.7135.4145.2154.8171.2185.5204.2
133.0134.1137.0137.6
141.8144.6146.4147.8
150.5152.6157.5158.5
165.0168.7174.9176.3
178.9185.1187.7190.4
194.2201.7207.47134
In-comepay-
ments
1.5
1.81.81.82.12.42.73.13.44.15.8
6.66.47.7
11.114.614.915.717.225.337.5
46.560.965.965.687.687.895.6
109.2133.4156.8
159.3143.0127.6130.1167.5211.9227.5278.4295.2
143.3158.5176.0191.9
202.8209.2220.4215.3
212.3220.0234.1243.5
263.7275.4288.9285.5
288.0292.9302.0297.9
298.2310.4323.2
Transfer payments(net)
Total
2.4
2.42.72.82.83.03.03.23.43.23.2
3.64.14.34.65.45.46.06.06.47.5
9.013.416.117.220.322.124.223.425.426.3
26.8-11.0
34.236.838.034.039.839.642.044.7
32.034.037.548.4
34.332.333.735.7
41.734.635.447.6
34.835.838.149.8
37.937.441.351.6
39.743.642.75? 8
Frompersons
(net)
0.5
.5
!5.7.7.8.8
1.01.01.1
131.31.41.51.31.31.31.31.51.6
1.85.56.56.87.78.19.09.9
10.611.4
12.013.012.514.415.616.518.220.622.324.4
15.315.515.715.9
15.915.616.418.0
17.418.018.219.3
19.619.821.521.7
21.121.822.923.3
23.524.624.5?S1
Fromgovern-
ment(net)
1.8
1.82.12.12.12.12.02.22.11.91.8
1.92.32.52.43.13.43.63.33.63.9
4.84.86.17.09.1
11.112.110.210.310.4
10.0-29.0
16.216.715.39.8
13.610.010.410.5
10.211.814.624.7
10.59.39.5
10.0
16.88.69.0
19.9
6.77.17.4
18.8
7.66.29.1
18.7
6.89.28.5
17.6
Frombusi-ness
0.1
.1
.1
'.2.2.2
.3
.4
.4
.5
LO.7
1.11.41.42.0
2.43.23.43.43.52.93.23.44.54.6
4.85.05.55.77.17.78.09.09.39.8
6.56.87.27.8
7.97.47.87.7
7.58.18.28.4
8.58.99.29.3
9.19.39.39.6
9.59.89.8
101
Netforeigninvest-ment
-1.2
3.24.33.95.07.56.23.93.51.71.8
4.0.6
-3.68.77.1
21.48.9
-9.0-10.4
1.4
11.46.3-.2
-32.0-87.0
-110.9-140.6-152.0-113.2-86.7
-69.214.9
-38.7-72.9
-108.3-98.0
-110.7-123.7-201.5
-82.6-101.6-121.6-127.3
-107.5-116.1-96.7-71.6
-90.7-106.7-134.5-111.0
-117.3-103.7-126.7-146.9
-152.1-191.4-232.6-229.9
-255.7-303.7-336.3
1 Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with1986, repairs and alterations of equipment were reclassified from goods to services.
Source: Department of Commerce, Bureau of Economic Analysis.
332
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-23.—Real exports and imports of goods and services and receipts and payments of income,1987-99
[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
198719881989
1990199119921993199419951996199719981999*
1994:1I II I IIV
1995-.IIII I IIV
1996- 1||IllIV
1997-1||Il lIV .
1998-1I II l lIV
1999:1||II IIV*
Exports of goods and services
Total
406.64722527.6
573.6612.6652.1671.9731.8807.4874.2985.4
1,007.11,042.5
695.7724.0741.4766.2
779.7788.1821.2840.8
845.6859.8867.1924.2
943.9979.9
1,006.81,011.2
1,007.3997.2993.0
1,030.8
1,016.41,026.41,054.81.072.4
Goods i
Total
271.43226363.2
393.2421.1449.8463.4508.2568.8618.4708.1722.8750.3
478.0500.0516.8538.0
549.8556.5576.7592.0
599.2605.5617.2651.7
674.0702.9724.7731.0
725.9709.3712.0744.2
726.4734.1763.3777.4
Dura-ble
goods
154.71919221.3
243.0261.6280.8295.2330.5378.0421.7498.3513.5535.5
310.7327.0335.3348.9
360.9368.9385.1397.2
403.0413.3423.9446.6
469.2494.8515.0514.3
515.6501.8507.5529.3
518.2522.8548.2552.9
Non-dura-
blegoods
123.01356146.3
154.0163.3172.7170.6178.9191.0196.7209.9209.3214.7
168.5173.8182.8190.4
189.6187.9191.7194.8
196.2192.2193.3205.2
204.8208.1209.8216.7
210.3207.5204.4214.9
208.1211.2214.9224.4
Serv-ices i
137.51505164.7
181.2192.2202.8209.0224.0238.8255.8277.5284.4292.6
218.3224.5224.9228.4
229.9231.7244.6248.9
246.4254.3249.9272.4
269.9277.1282.3280.5
281.7287.7281.1287.0
289.9292.2292.2295.9
In-comere-
ceipts
161.61926215.7
219.2188.4165.1164.6191.9236.5245.6278.1279.2
172.6183.2198.3213.4
230.0239.2235.3241.3
240.5238.4245.3258.1
265.6280.9285.9280.1
285.5286.9270.32740
276.02866296.5
Imports of goods and services
Total
564.25856608.8
632.2629.0670.8731.8819.4886.6963.1
1,095.21,222.21,367.0
776.8811.3834.6854.8
873.1886.4889.1897.8
921.1950.4982.9998.1
1,034.71,080.81,125.51,139.9
1,179.01,215.61,231.012631
1,300.913454l',393.01.428.6
Goods1
Total
445.8463.9483.4
497.9497.6543.7598.4677.9739.1808.3923.2
1,031.61,162.7
636.1669.5692.8713.3
725.5740.3742.1748.4
769.7797.4825.6840.7
869.8912.6949.1961.2
993.21,025.51,037.910697
1,102.0114251,188.91.217.4
Dura-ble
goods
267.92791291.2
299.2300.9331.9370.9432.2481.7533.3619.8700.2803.4
400.3424.8440.1463.5
472.2481.6481.1492.0
508.0524.4544.8556.0
584.5611.2635.9647.7
673.1693.3700.7733.7
753.6787.4825.3847.2
Non-dura-
blegoods
181.51885195.9
202.7200.5215.5230.8247.4257.8275.1303.5331.6359.5
238.2246.6254.6250.4
253.7259.2261.7256.5
261.7273.1280.8284.7
285.5301.5313.3313.6
320.4332.5337.5336.0
348.5355.0363.8370.6
Serv-ices1
120.2123.4126.9
136.6133.4128.0134.0141.9147.7154.8172.1190.7205.2
141.4142.3142.1141.6
147.9146.2147.1149.4
151.5153.0157.3157.3
164.9168.3176.4178.7
185.8190.1193.1193.8
199.4203.7205.5212.4
In-comepay-
ments
142.3168.1189.7
184.6160.7140.4138.5174.2215.5227.5274.4289.6
151.1166.0182.3197.5
207.7213.1223.6217.5
213.3220.6233.9242.2
261.0271.7284.5280.3
283.4287.7295.8291.3
290.7301.1311.8
1 Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with1986, repairs and alterations of equipment were reclassified from goods to services.
Note.—See Table B-2 for data for total exports of goods and services and total imports of goods and services for 1959-86.Source: Department of Commerce, Bureau of Economic Analysis.
333
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—24.—Relation of gross domestic product, gross national product, net national product, and
national income, 1959-99[Billions of dollars,- quarterly data at seasonally adjusted annual rates]
Year orquarter
19591960196119621963 ... .196419651966 ZZ.19671968196919701971197219731974197519761977197819791980 .. .198119821983198419851986198719881989199019911992 . .1993199419951996199719981999"1994:1
IIIllIV
1995:1
III"'.!"!!IV
1996:1IIIllIV
1997:1IIIllIV
1998:1IIIllIV
1999:1IIIllIV* ....
Grossdomesticproduct
507.4527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3
1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.42,795.63,131.33,259.23,534.93,932.74,213.04452.94,742.55,108.35,489.15,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.46,887.87,015.77,096.07,217.77,297.57,342.67,432.87,529.37,629.67,782.77,859.07,981.48,125.98,259.58,364.58,453.08,610.68,683.78,797.98,947.69,072.79,146.29,297.89,477.1
PIUS:Incomereceipts
fromrest of
theworld
4.35.05.46.16.67.48.18.38.9
10.311.913.014.116.423.830.328.232.937.947.470.481.895.6
102.4102.5122.9113.1111.1122.9151.8177.2188.3167.7151.1154.4184.3232.3245.6282.6285.3
164.0175.2191.1206.8224.2234.5231.6238.7239.1237.7245.6259.8268.9284.9290.9285.7291.1292.9276.4280.8283.8296.1307.7
Less:Income
pay-ments
torest of
theworld
1.51.81.81.82.12.42.73.13.44.15.86.66.47.7
11.114.614.915.717.225.337.546.560.965.965.687.687.895.6
109.2133.4156.8159.3143.0127.6130.1167.5211.9227.5278.4295.2
143.3158.5176.0191.9202.8209.2220.4215.3212.3220.0234.1243.5263.7275.4288.9285.5288.0292.9302.0297.9298.2310.4323.2
Equals:Gross
nationalproduct
510.3530.6549.3590.7623.2669.4725.5794.5839.5917.6991.5
1,046.11,136.21,249.11,398.21,516.71,648.41,841.02,052.12,318.02i599.32,830.83,166.13,295.73,571.83,968.14,238.44,468.34,756.25,126.85,509.45,832.26,010.96,342.36,666.77,071.17,420.97,831.28,305.08,750.0
6,908.57,032.47,111.17,232.67,318.97,367.97,444.17,552.77,656.57,800.37,870.57,997.78,131.18,269.18,366.58,453.38,613.78,683.78,772.28,930.59,058.29,131.99,282.3
Less-. Consumption offixed capital
Total
54.857.058.661.063.766.770.976.783.391.1
100.0109.4119.3131.3143.3165.3191.4209.4232.0261.9301.0346.1395.8437.5457.2483.5517.7552.9587.4628.9678.7712.5749.1788.7813.6875.7912.2956.4
1,009.71,066.91,141.2
916.4849.4862.1874.8890.2904.7916.3937.7937.9948.3962.8976.6989.1
1,002.11,016.61,031.01,042.01,056.51,075.21,094.01,108.81,126.31,160.91,168.8
Private
40.241.842.844.446.048.551.856.561.667.674.882.290.199.8
109.6127.3149.6165.0184.8211.1245.5283.4324.8358.5373.8394.7423.7452.0479.6513.8555.5580.7609.1643.4660.9715.3744.1782.1829.2880.8945.3758.0690.3701.3711.7724.8737.3747.4766.9765.6775.0787.8800.1
88835.6848.0858.2871.7888.3904.8916.7931.8963.7968.8
Govern-ment
14.615.215.716.717.618.319.120.221.723.425.227.329.231.533.837.941.844.447.250.855.562.771.079.0
94!0100.8107.8115.0123.2131.8140.0145.3152.6160.3168.1174.3180.5186.2195.9158.4159.1160.8163.1165.5167.3168.9170.8172.3173.3175.0176.4178.2179.9181.0183.0183.8184.8186.9189.1192.0194.5197.2200.0
Equals:Netna-
tionalproduct
455.5473.6490.7529.7559.6602.7654.6717.8756.3826.5891.5936.7
1,017.01,117.81,254.91,351.51,457.01,631.61,820.12,056.1
2,484.82,770.22,858.13,114.63,484.63,720.73,915.54,168.84,497.94,830.85,119.75,261.85,553.75,853.16,195.56,508.66,874.97,295.37,683.1
5,992.16,183.06,249.06,357.86,428.66,463.26,527.86,614.96,718.66,852.06,907.77,021.17,142.07,267.07,349.97,422.37,571.77,627.17,697.17,836.57,949.58005.68,121.4
Less:
Indirectbusi-ness
tax andnontaxliability
41.945.548.151.754.758.862.765.470.479.086.694.3
103.6111.4121.0129.3140.0151.6165.5177.8188.7212.0249.3256.7280.3309.1329.4346.8369.3392.6420.7447.3482.3510.6540.1575.3594.6620.0645.8677.0715.6565.3572.2578.7584.9589.3594.1593.6601.3606.8613.2615.7644.3632.5643.0652.0655.4663.5670.1676.6697.8696.6706.7718.3740.6
Busi-ness
trans-fer
pay-ments
1.41.41.51.61.82.02.22.32.52.83.13.2
ft4.5
86.57.38.29.9
11.213.415.216.218.620.723.824.225.325.826.125.928.127.830.833.534.436.938.139.429.530.331.232.133.033.133.934.033.634.334.635.235.936.737.337.737.638.038.238.638.839.339.540.0
Statis-ticaldis-
crepan-cy
0.8-.6-.2
.7-.41.21.96.44.84.32.96.9
11.38.78.0
10.017.724.521.621.035.733.927.5
2.547.018.611.743.93.3
-42.216.330.619.643.763.858.526.532.8-3.2
-47.6
52.781.354.645.353.724.93.1
24.434.449.625.122.320.923.9
-17.5-40.0
1.4-41.5-87.9-62.4-99.4
-135.5-141.2
PIUS:Sub-sidies
less cur-rent sur-plus ofgovern-
mententer-prises
0.1
1.21.4.9
1.41.73.02.93.03.54.84.96.15.64.27.76.99.7
10.611.014.516.118.124.322.920.423.630.127.422.625.321.522.429.625.222.222.619.020.826.427.625.123.624.321.822.022.522.523.322.922.022.220.918.516.819.918.017.116.931.421.027.917.339.4
Equals:Nationalincome
411.5427.5442.5477.1504.3542.0589.5646.6681.5743.4802.4837.1903.5
1,000.01,127.01,211.51,301.81,455.91,635.41,859.82,075.02,242.12,496.12,601.92,795.43,161.23,379.23,524.53,802.04,149.64,390.64,640.94,755.54,993.75,251.15,556.15,876.26,210.26,634.97,036.4
5,372.15,524.35,608.25,719.75,774.45,833.15,919.65,977.86,067.16,177.86,254.26,341.66,473.66,581.96,694.96,789.16,887.26,977.67,087.17,193.87,334.57,423.17,522.1
Source: Department of Commerce, Bureau of Economic Analysis.
334
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-25.—Relation of national income and personal income, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1959 .1960 .196119621963 .196419651966 .19671968 .1969197019711972 .. . .197319741975 .19761977 .19781979198019811982 ..1983198419851986198719881989199019911992 . . . . . . . .199319941995 ;1996199719981999*1994- 1
IIIllIV
1995:1III I IIV
1996: 1III l lIV
1997:1III l lIV .
1998:1 ..III l lIV
1999:1||IIIIV*
Nationalincome
41154275442.547715043542.0589.56466681.57434802.4837.19035
100001,127.0121151*301 81*455.916354l'859.82,075.02,242.1249612'601 92,795.4316123'379.2352453*802.0414964*390.64,640.9475554'993 75,251.15,556.15,876.26,210.2663497*036.4
537215*524.35,608.25719757744583315*919.65,977.8606716*177.86,254.26,341.6647366*581.96,694.967891688726,977.6708717'l93.87,334.5742317*522.1
Corporateprofitswith
inventoryvaluation
andcapital
consump-tion
adjust-ments
53752353.461567674.785.991889.496393.481.3948
109.4123.511401325160.11905216.8221.9197.72180200.2253.0308732132995345340353942407.443024519509.7572.5668375198379846.1
4976568.3597.9626062946549692.4696.473727489754.8774.58036831.6862.885358583847.984388343882.087558792
L
Netinterest
9710.712.414115217.319.722625.427232.238.442646.253.968876680.8957
1145144.2183.922652563267.230963267343636153894443.1452.44298399.5374.3380.5
386 34125435.7
3646369.6385.4402539683928386.7383.037823855388.1393.340234118414.642124233434.644404408446.345644763
ess:
Contribu-tionsfor
socialinsurance
13816417019121722.423.431334.938744.146.451259275.5852893
101.311311313152.7166.2195720892260257528143034323136153852410.143024550477.8508.45332555.85882621.9658149825062510.95185525653045359540.954475529559.5566.157665834591.260156103617662616338647265386623669.0
Wageaccruals.less
disburse-ments
r oo0.000.0.00.00.0.06.0
_51.113
.010
2-2o
0oo.1
_1-158
6.417.61643.6
-413.5o
5644 74.747
16416416416.436363.63.6
-41-41-4.1-41
353.53535
ooo.0
Personalinterestincome
23.025.627.330233.036.940.845349.454162.371.577584.297.6
11611280140.51619191.3233.5286.435274016431.6505354645792609765057365772.477187501725.5742.4792581068549897.893067144727.1750.2778078487919794.7798.779728059814.6824.68357850.6859.787368801895.390939064907492059388955.6
P
Personaldividendincome
12.613.413.915016218.220.220721.523524.224.325026.829.933232939.044750757.464.073676183.5908975
1061112112941548165.417831853203.0234.7254029743334348.336432198229.5240.3249224842508251.8264.82859290.4302.4310.93203330.2338.534443461347.034803519356136123670373.1
US:
Govern-ment
transferpayments
topersons
22.924.428.128830.331.333.937.545.453.058.871.685294.6
108.11284163.0176.91887202.5226.4270.23070342.3369.437834031428444784761519.2573.16491729.2776.5810.18601902.49345954.8988.68011805.2811.5822884548563865.0873.78926900.0905.5911.59290932.9936.893939482951.495779620978.59841991.6
1.000.3
Businesstransfer
paymentsto
persons
1.31.31.4151.71.82.0212.3252.82.8303.43.840455.559687.98.8
10211.812.815117820720820821121.320822.522.123.725826.427928.829.623123.624.024425125726126.326126226.526.827427828.128428528.728829029329529729.9
Equals:
Personalincome
394.0412.7430.34579481.0515.8557.4606.4650.4714.5780.8841.19051994.3
1,113.4122561*331.71,475.4163711*848.32,081.52,323.9259942J68.42,946.9327483*515'0371243*962'54*272 1459984,903.2508545*39045,610.05,888.0620096,547 4695117,358.97*791 2571375*860.85,935.360424610996*16336*225.96,304.6640516*509 46,597.16,677.9680766*900.66,993.571027719477*296.3741367*530 876302773267*831 47.970.6
Source-. Department of Commerce, Bureau of Economic Analysis.
335
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-26.—National income by type of income, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994:1
II ....Ill ...IV ...
1995:1II ....Ill ...IV. . .
1996:1II ....Ill ...IV. . .
1997:1II ....Ill ...IV ...
1998:1II ....Ill ...IV ...
1999:1II ....Ill ...IV/>
Nationalincome J
411.5427.5442.5477.1504.3542.0589.5646.6681.5743.4802.4837.1903.5
1,000.01,127.01,211.51,301.81,455.91,635.41,859.82,075.02,242.12,496.12,601.92,795.43,161.23,379.23,524.53,802.04,149.64,390.64,640.94,755.54,993.75,251.15,556.15,876.26,210.26,634.97,036.4
5,372.15,524.35,608.25,719.75,774.45,833.15,919.65,977.86,067.16,177.86,254.26,341.66,473.66,581.96,694.96,789.16,887.26,977.67,087.17,193.87,334.57,423.17,522.1
Compensation of employees
Total
281.0296.4305.3327.2345.3370.7399.5442.6475.2524.3577.6617.2658.8725.1811.2890.2949.0
1,059.31,180.41,336.01,500.81,651.71,825.71,926.02,042.72,255.92,425.22,570.72,755.62,973.83,151.03,351.03,454.93,644.83,814.44,016.24,202.54,395.64,675.75,011.25,332.03,943.53,994.94,032.84,093.64,142.74,178.84,224.34,264.14,297.44,367.84,427.84,489.44,566.14,631.34,705.24,800.34,889.44,967.05,053.65,134.75,217.75,287.15,373.65,449.7
Wage and salary accruals
Total
259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5584.5638.7708.6772.2814.7899.6994.0
1,121.01,255.61,377.41,517.31,593.41,684.31,854.81,995.22,114.42,270.22,452.72,596.82,754.62,824.22,966.83,091.63,254.33,441.13,630.13,884.74,189.54,472.73,190.23,233.43,267.73,325.93,379.63,417.23,463.63,503.83,537.43,604.63,660.93,717.63,785.33,844.33,911.33,997.94,079.64,149.74,227.94,300.84,371.54,432.64,509.44,577.2
Gov-ern-ment
46.049.252.456.360.064.969.978.386.496.6
105.5117.1126.7137.8148.7160.4176.1188.7202.4219.8236.9261.2285.6307.3324.5347.8373.5396.6422.2450.9479.7516.8545.6567.7584.9603.9622.7641.0664.4692.8726.4597.4603.7605.3609.2618.8620.9623.9627.3634.3639.3643.1647.3656.6661.0667.1673.1682.6689.3696.7702.8715.8721.3730.3738.2
Other
213.8223.7228.0243.0254.8272.9293.8321.9342.5375.3412.7434.3457.8500.9560.0611.8638.6710.8791.6901.2
1,018.71,116.21,231.71,286.11,359.81,507.01,621.71,717.81,848.02,001.82,117.12,237.92,278.62,399.12,506.82,650.42,818.42,989.13,220.33,496.73,746.32,592.82,629.72,662.42,716.82,760.82,796.42,839.72,876.52,903.12,965.33,017.83,070.33,128.73,183.33,244.23,324.93,397.13,460.43,531.23,598.03,655.73,711.33,779.13,839.0
Supplements to wages andsalaries
Total
21.223.624.827.930.433.035.842.446.252.459.465.774.486.5
102.6118.0134.4159.7186.4215.0245.2274.3308.5332.6358.5401.1430.0456.3485.4521.1554.2596.4630.7677.9722.8761.9761.4765.4791.0821.7859.4753.3761.5765.1767.7763.1761.6760.7760.2760.0763.2766.8771.8780.8787.0793.9802.4809.8817.3825.7833.9846.2854.5864.2872.5
Em-ployercon-
tribu-tions for
socialinsur-ance
7.99.39.6
11.212.412.613.116.818.020.022.823.826.431.239.844.746.754.461.171.582.688.9
103.6109.8119.9139.0147.7157.9166.3184.6193.7206.5215.1228.4240.0254.4264.5275.4290.1306.0323.5249.4253.4255.5259.2260.9263.1265.7268.2270.0274.0277.2280.4284.6287.8291.5296.6300.3303.8308.1311.8318.3321.5325.7328.7
Otherlabor
income
13.414.415.216.718.020.322.725.528.232.536.641.948.055.362.873.387.6
105.3125.3143.4162.6185.4204.8222.8238.6262.1282.3298.4319.1336.5360.5390.0415.6449.5482.8507.5497.0490.0500.9515.7535.8503.9508.1509.5508.4502.2498.5495.0492.1490.0489.1489.6491.4496.2499.1502.4505.8509.5513.5517.7522.1528.0533.0538.5543.8
Proprietors' income with inventory valuationu uap idi u)iiduiii|Jiiuti dujuMHie no
Total
51.851.954.456.557.860.665.269.671.175.478.979.886.197.7
115.2115.5121.6134.3148.3170.1183.7177.6186.2179.9195.5247.5267.0278.6303.9338.8361.8381.0384.2434.3461.8476.6497.7544.7578.6606.1658.0468.4479.5475.8482.5488.6491.4499.7511.1525.9546.6553.5553.0569.1575.1582.9587.3586.6594.2606.4637.1639.9655.3654.0682.7
Farm
Total
10.911.412.112.111.910.813.114.112.812.814.214.314.918.830.725.223.518.717.521.523.713.120.314.47.2
21.621.523.029.026.032.231.126.432.730.131.922.234.329.525.131.340.633.927.725.521.419.620.527.331.136.338.031.732.530.228.926.317.518.722.941.132.534.121.037.5
Propri-etors'
in-come2
11.812.312.912.912.711.613.915.013.713.915.415.716.520.532.627.726.922.621.726.329.420.228.623.416.030.229.731.136.933.940.039.234.440.938.239.930.242.137.232.738.648.641.935.733.529.427.728.535.239.044.245.839.540.337.936.634.025.226.430.548.639.641.228.8
Nonfarm
Total
40.940.442.344.445.849.952.255.558.462.664.765.571.278.984.590.398.1
115.6130.8148.5160.0164.5165.9165.4188.3225.9245.5255.6274.8312.7329.6349.9357.8401.7431.7444.6475.5510.5549.1581.0626.7427.9445.6448.1457.0467.2471.8479.2483.9494.8510.3515.5521.4536.6544.9554.0561.0569.1575.5583.6596.0607.5621.2633.0
44.6 645.2
Propri-etors'
in-come3
40.340.042.044.145.549.552.255.758.763.465.566.672.679.986.694.199.9
117.2131.9149.9161.4165.7161.4158.9172.8200.3211.2216.3239.8277.4293.5323.2333.0373.4401.4421.7447.8476.0504.2532.2578.9413.7419.6422.7430.9441.8444.8450.8453.7463.6477.1479.8483.4494.9500.2508.1513.7519.4527.6534.6547.4558.9573.8586.2596.9
1 National income is the total net income earned in production. It differs from gross domestic product mainly in that it excludes deprecia-tion charges and other allowances for business and institutional consumption of durable capital goods and indirect business taxes. See TableB-24.
See next page for continuation of table.
336
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-26.—National income by type of income, 1959-99—Continued[Billions of dollars,- quarterly data at seasonally adjusted annual rates]
Year orQuarter
19591960196119621963 .. "...:"1964196519661967196819691970 ..19711972197319741975197619771978197919801981198219831984 .19851986 .1987 .198819891990199119921993199419951996199719981999/»1994:1
I II l lIV
1995:1I II l lIV
1996:1I IIllIV
1997:1I II l lIV
1998:1I II l lIV
1999:1I II l l
Rental income of personswith capital consumption
adjustment
TntallOldl
15.216.216.917.818.518.619.219.920.420.220.320.32122L623.123.022.021520422.424.531.339.639.636.939539.132.235.844.140.549.156.463.390.9
110.3117.9129.7130.21374146.198.0
112.0116.2115.2116.9115.1116.6123.2128.4129.0130.1131.4132.4132.0129.4126.7129.5133.9139.3147.0148.6148.8139.0
IV* 148.2
Rentalincome
ofpersons
17.318.319.019.920.520.621.422.423.223.424.324626127.730.131.732.333034!038.944.554.966.168.065.968870.363.768979.180.287.296.0
111.4133.6157.8165.4177.4180.01886202.2156.4154.9160.0160.1163.0161.3163.0174.4175.2176.1178.2179.9181.5181.5179.8177.3179.6184.3190.7199.6202.5203.5198.9204.0
Capital
sump-tion
adjust-ment
-2.1-2.1-2.1-2.1-2.0-2.0-2.2-2.5-2.8-3.3-3.9-43-50-6.1-7.0-8.7
-10.3-115-13.6-16.5-20.0-23.6-26.5-28.5-28.9-294-31.2-31.5-331-35.0-39.7-38.1-39.6-48.1-42.8-47.5-47.5-47.6^9.9-511-56.1-58.3-42.9-43.8-45.0-46.1-46.2-46.4-51.3-46.8-47.0-48.1-48.5-49.1-49.4-50.3-50.6-50.0
Corporate profits with inventory valuation and capital consumption adjustments
Total
53.752.353.461.567.674.785.991.889.496.393.481.3948
109'.4123.5114.0132.5160119015216.8221.9197.7218.0200.2253.03087321.3299.53453403.5394.2407.4430.2451.9509.7572.5668.3753.9837.9846.1
497.6568.3597.9626.0629.4654.9692.4696.4737.2748.9754.8774.5803.6831.6862.8853.5858.3
-50.5 847.9-51.4-52.6-53.9-54.7-59.9-55.8
843.8834.3882.0875.5879.2
Profits with inventory valuation adjustment and withoutcapital consumption adjustment
TotallUldl
53.451.451.756.962.068.478.784.481.788.585.274.0879
100J114.6108.5134.31645193^3221.2229.9209.3216.3188.0223.92620255.2250.52984359.8360.4388.6421.1448.8506.4561.0650.2729.4803.2802.8
506.6552.5579.7605.1610.7637.1673.7679.2715.3724.7729.6748.1772.6797.7827.0815.5818.4805.6799.9787.4831.4822.2827.1
Profits
Prnfftcr IDI libbefore
tax
53.751.551.556.961.968.980.086.583.392.291.180.6924
107'.3134.2146.8144.8178620910244.9270.1251.4240.9195.5231.42660255.2243.4314638L9376.7401.5416.1451.6510.4573.4668.5726.3795.9781.9
514.8562.7595.4620.7643.2665.3683.5681.8713.2726.3724.9741.0763.3786.5822.1811.6788.9792.0780.1766.7818.1835.8853.8
Drnfifc1 1 01 libtax
liability
23.622.722.824.026.228.030.933.732.739.439.734.437741.949.351.850.964273iO83.588.084.881.163.177.294096.5
106.5127113L2141.5140.6133.6143.1165.4186.7211.0223.6238.3240.2
165.4182.8194.4204.1203.1208.8218.7213.3219.7225.3224.0225.6228.9233.2246.8244.1239.9241.1244.3235.6248.0254.4259.4
Profits after tax
Total
30.028.828.732.935.740.949.152.850.652.851.446254765.584.995.093.9
114413610161.4182.1166.6159.8132.4154.11720158'7136.9187524418235.3260.9282.6308.4345.0386.7457.5502.7557.6541.7
349.4379.8401.0416.6440.1456.6464.8468.5493.5501.0500.9515.4534.4553.3575.3567.4548.9550.9535.8531.0570.1581.4594.3
Divi-dends
12.613.413.915.016.218.220.220.721.523.524.224.325026*29.933.233.039044.850.857.564.173.876.283.691097.7
106.31122129.6155.0165.5178.4185.5203.1234.9254.2297.7333.73486364.7220.0229.7240.5249.4248.6251.1252.1265.0286.2290.7302.7311.3320.6330.6338.8344.8346.5347.3348.4352.2356.4361.5367.3373.5
Undis-tributedprofits
17.515.514.817.919.522.728.932.129.129.327.221.929738i655.061.860.975491.2
110.6124.6102.686.056.270.581061.030.6753
115.230.295.3
104.1122.9141.9151.8203.3205.0223.9193.1
129.4150.1160.5167.1191.5205.5212.7203.4207.3210.3198.2204.1213.8222.7236.5222.6202.5203.6187.4178.8213.7219.9227.0
Inven-toryvalu-ation
adjust-ment
-0.3-.2
.3
.0
.1-.5
-1.2-2.1-1.6-3.7-5.9-6.6-46-eie
-19.6-38.2-10.5-141-15.7-23.7-40.1-42.1-24.6
-7.5-7.4-40
.07.1
-162-22:2-16.3-12.9
4.9-2.8-4.0
-12.4-18.3
3.17.4
20.9
-8.3-10.2-15.7-15.6-32.5-28.2-9.8-2.6
2.1-1.7
4.77.19.3
11.24.94.0
29.513.619.820.813.3
-13.6-26.7
Capitalcon-
tionariiiKtdUJUbl-ment
0.3.9
1.74.65.66.37.17.57.77.88.37.3698'.78.95.5
-1.7-44-2.8-4.4-8.0
-11.61.7
12.229.146666.049.046943*33.918.89.13.13.3
11.518.124.434.643352.0-9.015.818.220.918.817.718.817.221.924.225.226.431.033.935.738.039.942.443.946.950.653.252.152.1
Netinter-est
9.710.712.414.115.217.319.722.625.427.232.238.442646i253.968.876.680895.7
114.5144.2183.9226.5256.3267.23096326.7343.636153894443.1452.4429.8399.5374.3380.5389.8386.3412.5435.7
364.6369.6385.4402.5396.8392.8386.7383.0378.2385.5388.1393.3402.3411.8414.6421.2423.3434.6444.0440.8446.3456.4476.3
2 Without capital consumption adjustment.3 Without inventory valuation and capital consumption adjustments.Source: Department of Commerce, Bureau of Economic Analysis.
337
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-27.—Sources of personal income, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962 '.""...1963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999p1994:1
IIIll ....IV ....
1995:1I IIll ....IV ....
1996:1I IIll ....IV ....
1997: II IIll ....IV ....
1998:1I IIll ....IV ....
1999:1IIIll ....IV/> ..
Personalincome
394.0412.7430.3457.9481.0515.8557.4606.4650.4714.5780.8841.1905.1994.3
1,113.41,225.61,331.71,475.41,637.11,848.32,081.52,323.92,599.42,768.42,946.93,274.83,515.03,712.43,962.54,272.14,599.84,903.25,085.45,390.45,610.05,888.06,200.96,547.46,951.17,358.97,791.25,713.75,860.85,935.36,042.46,109.96,163.36,225.96,304.66,405.16,509.46,597.16,677.96,807.66,900.66,993.57,102.77,194.77,296.37,413.67,530.87,630.27,732.67,831.47,970.6
Wage and salary disbursements1
Total
259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5583.9638.7708.7772.6814.6899.5993.9
1,120.71,255.81,377.51,517.21,593.41,684.71,854.61,995.42,114.42,270.22,452.72,596.82,754.62,824.22,982.63,085.23,236.73,424.73,626.53,888.94,186.04,472.73,133.83,228.73,263.03,321.23,363.23,400.93,447.23,487.53,533.83,601.03,657.33,713.93,789.53,848.53,915.44,002.14,076.24,146.24,224.44,297.34,371.54,432.64,509.44,577.2
Private industries
Total
213.8223.7228.0243.0254.8272.9293.8321.9342.5375.3412.7434.3457.4501.2560.0611.8638.6710.8791.6901.2
1,018.71,116.21,231.71,286.11,359.81,507.01,621.71,717.81,848.02,001.82,117.12,237.92,278.62,414.92,500.32,632.82,802.02,985.53,224.43,493.23,746.32,536.42,625.02,657.72,712.12,744.52,780.02,823.32,860.12,899.42,961.63,014.23,066.73,132.83,187.43,248.33,329.03,393.63,457.03,527.73,594.53,655.73,711.33,779.13,839.0
Goods-producingindustries
Tntalloiai
109.9113.4114.0122.2127.4136.0146.6161.6169.0184.1200.4203.7209.1228.2255.9276.5277.1309.7346.1392.6442.3472.3514.5514.6527.7586.1620.2636.8660.1706.7732.2754.4746.3765.7780.6824.0863.6908.2975.5
1,038.71,082.6
796.6820.0832.5846.9852.8858.4868.1875.0882.1903.0917.6930.0952.2
Manu-facturing
86.989.889.996.8
100.7107.3115.7128.2134.3146.0157.7158.4160.5175.6196.6211.8211.6238.0266.7300.1335.2356.2387.6385.7400.7445.4468.5480.7496.9529.9547.9561.4562.5583.5592.4620.3647.5673.7718.8757.5779.9600.2617.9626.4636.7641.1644.5650.4654.0656.0671.1680.2687.6703.1
965.9 712.0979.5
1,004.31,020.41,032.21,045.61,056.61,062.91,075.11,090.21,102.2
720.7739.4747.7754.5762.3765.6767.0774.8786.4791.4
Distrib-utive
Indus-tries
65.168.669.673.376.882.087.995.1
101.6110.8121.7131.2140.4153.3170.3186.8198.1219.5242.7274.9308.5336.7368.5385.9405.7445.2476.5501.6535.4575.1606.5633.6646.3680.2697.3738.4782.1822.4879.1944.6
1,005.5712.8735.0745.1760.8768.4777.5787.8794.7803.5816.6828.3841.2856.3868.9885.7905.6919.6935.3953.5969.9986.3997.6
1,013.41,024.8
Serviceindus-tries
38.841.744.447.650.754.959.465.372.080.490.699.4
107.9119.7133.9148.6163.4181.6202.8233.7267.8307.2348.6385.6426.4475.6524.9579.3652.4720.1778.5849.9886.0969.0
1,022.41,070.41,156.31,254.91,369.81,509.91,658.11,027.01,070.01,080.21,104.41,123.21,144.11,167.41,190.51,213.91,242.01,268.31,295.61,324.41,352.61,383.11,419.11,453.61,489.51,528.61,568.01,606.61,638.51,675.51,711.9
Govern-ment
46.049.252.456.360.064.969.978.386.496.6
105.5117.1126.5137.4148.7160.9176.0188.6202.3219.6237.1261.3285.6307.3325.0347.6373.8396.6422.2450.9479.7516.7545.6567.7584.9603.9622.7641.0664.4692.8726.4597.4603.7605.3609.2618.8620.9623.9627.3634.3639.3643.1647.3656.6661.0667.1673.1682.6689.3696.7702.8715.8721.3730.3738.2
Otherlahnrlaoor
income1
13.414.415.216.718.020.322.725.528.232.536.641.948.055.362.873.387.6
105.3125.3143.4162.6185.4204.8222.8238.6262.1282.3298.4319.1336.5360.5390.0415.6449.5482.8507.5497.0490.0500.9515.7535.8503.9508.1509.5508.4502.2498.5495.0492.1490.0489.1489.6491.4496.2499.1502.4505.8509.5513.5517.7522.1528.0533.0538.5543.8
Proprietors' income
valuation andcapital
consumptionadjustments
Farm
10.911.412.112.111.910.813.114.112.812.814.214.314.918.830.725.223.518.717.521.523.713.120.314.4
7.221.621.523.029.026.032.231.126.432.730.131.922.234.329.525.131.340.633.927.725.521.419.620.527.331.136.338.031.732.530.228.926.317.518.722.941.132.534.121.037.5
Nonfarm
40.940.442.344.445.849.952.255.558.462.664.765.571.278.984.590.398.1
115.6130.8148.5160.0164.5165.9165.4188.3225.9245.5255.6274.8312.7329.6349.9357.8401.7431.7444.6475.5510.5549.1581.0626.7427.9445.6448.1457.0467.2471.8479.2483.9494.8510.3515.5521.4536.6544.9554.0561.0569.1575.5583.6596.0607.5621.2633.0645.2
1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-26 in that it ex-cludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.
See next page for continuation of table.
338
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-27.—Sources of personal income, 1959-99—Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 . .19831984198519861987198819891990199119921993199419951996199719981999*1994- 1
III l lIV
1995:1||I I IIV
1996:1III l lIV
1997:1I IIllIV .
1998-1 .I II l lIV
1999:1I II I IIV*
Rentalincome
ofpersons
withcapital
con-sumptionadjust-ment
15.216.216.917.818.518.619.219.920.420.220.320.321.221.623.123.022.021.520.422.424.531.339.639.636.939.539.132.235.844.140.549.156.463.390.9
110.3117.9129.7130.2137.4146.198.0
112.0116.2115.2116.9115.1116.6123.2128.4129.0130.1131.4132.4132.0129.4126.7129.5133.9139.3147.0148.6148.8139.0148.2
Personaldividendincome
12.613.413.915.016.218.220.220.721.523.524.224.325.026.829.933.232.939.044.750.757.464.073.676.183.590.897.5
106.1112.1129.4154.8165.4178.3185.3203.0234.7254.0297.4333.4348.3364.3219.8229.5240.3249.2248.4250.8251.8264.8285.9290.4302.4310.9320.3330.2338.5344.4
346.1347.0348.0351.9356.1361.2367.0373.1
Personalinterestincome
23.025.627.330.233.036.940.845.349.454.162.371.577.584.297.6
116.1128.0140.5161.9191.3233.5
286.4352.7401.6431.6505.3546.4579.2609.7650.5736.5772.4771.8750.1725.5742.4792.5810.6854.9897.8930.6714.4727.1750.2778.0784.8791.9794.7798.7
797.2805.9814.6824.6835.7850.6859.7873.6
880.1895.3909.3906.4
907.4920.5938.8955.6
Transfer payments to persons
Total
24.225.729.530.332.033.235.939.647.655.661.674.388.298.0
111.9132.3167.5182.3194.6209.3234.2
279.0317.2354.2382.2393.4420.9449.0468.6496.9540.4594.4669.9751.7798.6833.9885.9928.8962.4983.6
1,018.2824.1828.7835.5847.1870.5881.9891.1900.1918.7926.3931.9938.3
956.4960.7964.9967.7
976.7980.0986.5991.0
1,007.81,013.61,021.31,030.2
Old-age,survivors,disability,
andhealthinsur-ance
benefits
10.211.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9
104.9116.2131.8154.2182.0204.5221.7235.7253.4269.2282.9300.5325.2
352.1382.4414.0444.4473.0508.0537.6565.8578.1596.6463.5470.3475.7482.6498.1505.7511.3516.7528.8534.9540.2546.4
560.2564.8568.1570.2
575.1576.5579.6581.1588.9593.0599.0605.4
Govern-ment
unem-ployment
insur-ance
benefits
2.83.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8
17.615.812.79.79.8
16.115.925.226.315.915.716.314.513.214.318.026.638.934.123.621.522.120.019.820.227.723.921.821.020.721.221.722.222.922.421.521.521.020.019.619.219.619.220.619.920.520.320.219.6
Veteransbenefits
4.64.65.04.74.84.74.94.95.65.96.77.78.89.7
10.411.814.514.413.813.914.415.016.116.416.616.416.716.716.616.917.317.818.319.320.120.120.921.722.523.324.319.919.920.220.420.820.821.020.921.521.921.621.822.522.422.522.723.223.223.323.624.324.124.324.5
Familyassis-tance »
0.91.01.11.31.41.51.71.92.32.83.54.86.26.97.28.09.3
10.110.610.811.112.513.112.913.814.515.216.116.416.917.519.221.122.222.823.222.620.317.617.115.923.123.223.223.222.922.822.622.321.420.820.218.918.217.717.317.117.117.117.117.316.916.315.415.1
Other
5.76.16.57.07.68.29.0
10.212.114.516.219.423.026.129.535.644.749.252.558.767.181.390.295.2
103.8111.0119.9130.6138.2149.5166.1187.3221.5257.3277.2294.0313.0327.1336.5345.2361.3289.9291.4294.5300.0308.0311.5314.5318.1324.0326.3328.4329.6
334.6335.8337.2338.4
341.7344.0345.8349.1357.2359.9362.4365.5
Less.-Personalcontribu-
tionsfor
socialinsurance
6.07.27.47.99.39.8
10.314.516.818.721.422.524.728.035.740.542.646.952.059.770.277.292.199.1
106.1118.4133.6145.6156.8176.8191.6203.7215.1226.6237.8254.1268.8280.4298.1315.9334.5248.8252.9255.3259.2264.7267.3270.2272.7274.7278.8282.3285.7
292.0295.6299.7304.9
310.0313.8318.0322.0328.9332.3336.7340.2
1 Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Respon-sibility and Work Opportunity Reconciliation Act of 1996.
theNote.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based one 1987 Standard Industrial Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.Source: Department of Commerce, Bureau of Economic Analysis.
339
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-28.—Disposition of personal income, 1959-99[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
1959I960196119621963196419651966196719681969197019711972197319741975 .1976197719781979198019811982 . .. .19831984 ...."".'.. '. "....'.19851986198719881989 ..19901991199219931994199519961997 .19981999*1994- 1
IIIllIV
1995:1IIIll .IV
1996:1||III ."IV
1997:1||I I IIV
1998- 1III l lIV
1999:1IIIllIV*
Personalincome
394.0412.7430.3457.9481.0515.8557.4606.4650.4714.5780.8841.1905.1994.3
1,113.41,225.61,331.71,475.41,637.11,848.32,081.52,323.92,599.42,768.42,946.93,274.83,515.03,712.43,962.54,272.14,599.84,903.25,085.45,390.45,610.05,888.06,200.96,547.46,951.17,358.97791.25,713.75,860.85,935.36,042.46,109.96,163.36,225.96,304.66,405.16,509.46,597.16,677.96,807.66,900.66,993.57,102.77,194.77,296.37,413.67,530.87,630.27,732.67,831.47,970.6
Less:Personaltax andnontax
payments
42.846.647.952.355.352.858.467.374.288.3
105.9104.6103.4125.6134.5153.3150.3175.5
. 201.2233.5273.3304.2351.5361.6360.9387.2428.5449.9503.0519.7583.5609.6610.5635.8674.6722.6778.3869.7968.3
1,072.61,152.0
695.4732.2724.3738.5751.8780.5781.6799.5830.7872.5877.3898.1934.2954.4978.6
1,006.01,031.21,058.01,088.31,113.01,124.81,139.41,160.41,183.2
Equals:Dispos-
ablepersonalincome
351.2366.2382.4405.6425.8463.0498.9539.1576.2626.2675.0736.5801.7868.6979.0
1,072.31,181.41,299.91,436.01,614.81,808.22,019.82,247.92,406.82,586.02,887.63,086.53,262.53,459.53,752.44,016.34,293.64,474.84,754.64,935.35,165.45,422.65,677.75,982.86,286.26,639.25,018.35,128.65,211.05,303.95,358.15,382.85,444.45,505.15,574.45,637.05,719.85,779.75,873.45,946.26,014.96,096.76,163.56,238.36,325.36,417.86,505.46,593.26,671.06,787.4
Less: Personal outlays
Total
324.7339.8350.5372.2392.7422.4456.2494.6522.3573.6622.3667.0721.6791.7876.5957.9
1,056.21,177.81,310.41,469.41,642.41,814.12,004.22,144.62,358.22,581.12,803.92,994.73,206.73,460.13,714.43,959.34,103.24,340.94,584.54,849.95,120.25,405.65,711.76,056.66,480.94,744.04,809.14,886.94,959.75,012.15,091.35,158.45,218.85,292.25,383.95,433.75,512.65,609.95,650.25,759.45,827.45,914.76,020.96,100.56,190.36,310.36,425.26,531.56,656.6
Personalcon-
sumptionexpendi-
tures
318.1332.3342.7363.8383.1411.7444.3481.8508.7558.7605.5648.9702.4770.7852.5932.4
1,030.31,149.81,278.41,430.41,596.31,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.73,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.94,613.84,677.54,753.04,821.34,868.64,943.75,005.25,058.45,130.55,218.05,263.75,337.95,430.85,466.35,569.15,631.35,714.75,816.25,889.65i973.76,090.86,200.86,303.76,424.6
Interestpaidby
persons
6.17.07.37.88.9
10.011.112.012.513.815.716.817.819.622.424.224.526.630.737.544.549.454.658.865.075.083.290.691.592.9
106.4115.8118.9118.7115.4117.9134.7149.9166.7185.7201.6114.9116.1118.2122.4127.5132.1136.8142.4144.3147.9151.8155.5159.6164.0168.7174.3178.8182.8187.9193.2196.1199.9203.3206.9
Per-sonal
transferpay-
mentsto restof theworld(net)
0.5.5.5
.'7
.7
.8
.81.01.01.11.31.31.41.51.31.31.31.31.51.61.85.56.5
88.19.09.9
10.611.412.013.012.514.415.616.518.220.622.324.415.315.515.715.915.915.616.418.017.418.018.219.319.619.821.521.721.121.822.923.323.524.624.525.1
Equals:Personalsaving
26.526.431.933.533.140.542.744.554.052.752.669.580.176.9
102.5114.3125.2122.1125.6145.4165.8205.6243.7262.2227.8306.5282.6267.8252.8292.3301.8334.3371.7413.7350.8315.5302.4272.1271.1229.7158.3274.3319.5324.1344.2346.0291.5285.9286.3282.2253.1286.1267.1263.4296.1255.5269.3248.9217.5224.8227.5195.1168.0139.5130.8
Percent of disposablepersonal income J
Personal outlays
Total
92.492.891.791.792.291.291.491.790.691.692.290.690.091.189.589.389.490.691.391.090.889.889.289.191.289.490.891.892.792.292.592.291.791.392.993.994.495.295.596.397.694.593.893.893.593.594.694.794.894.995.595.095.495.595.095.895.696.096.596.496.597.097.597.998.1
Personalcon-
sumptionexpendi-
tures
90.690.789.689.790.088.989.089.488.389.289.788.187.688.787.187.087.288.589.088.688.387.386.586.488.486.587.988.789.889.589.689.288.788.590.391.391.692.292.393.094.291.991.291.290.990.991.891.991.992.092.692.092.492.591.992.692.492.793.293.193.193.694.094.594.7
Personalsaving
7.67.28.38.37.88.88.68.39.48.47.89.4
10.08.9
10.510.710.69.48.79.09.2
10.210.810.98.8
10.69.28.27.37.87.57.88.38.77.16.15.64.84.53.72.45.56.26.26.56.55.45.35.25.14.55.04.64.55.04.24.44.03.53.63.53.02.52.11.9
1 Percents based on data in millions of dollars.Source: Department of Commerce, Bureau of Economic Analysis.
340
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—29.—Total and per capita disposable personal income and personal consumption expenditures
in current and real dollars, 1959—99[Quarterly data at seasonally adjusted annual rates, except as noted]
Year or
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994:1
I IIll ....IV ....
1995:1I IIll ....IV ....
1996:1I IIll ....IV ....
1997:1I IIll ....IV ....
1998:1I II I I 'IIV ....
1999:1II .Ill ....IV*
Disposable personal income
Total (billions ofdollars)
Currentdollars
351.2366.2382.4405.6425.8463.0498.9539.1576.2626.2675.0736.5801.7868.6979.0
1,072.31,181.41,299.91,436.01,614.81,808.22,019.82,247.92,406.82,586.02,887.63,086.53,262.53,459.53,752.44,016.34,293.64,474.84,754.64,935.35,165.45,422.65,677.75,982.86,286.26,639.25,018.35,128.65,211.05,303.95,358.15,382.85,444.45,505.15,574.45,637.05,719.85,779.75,873.45,946.26,014.96,096.76,163.56,238.36,325.36,417.86,505.46,593.26,671.06,787.4
Chained(1996)dollars
1,606.31,646.81,701.51,783.91,851.11,984.82,107.22,219.12,313.82,420.02,498.02,602.22,709.22,832.33,024.23,015.73,074.63,195.63,306.63,478.93,588.73,631.03,715.63,773.43,881.44,181.04,321.84,461.24,563.14,766.04,885.04,991.35,026.25,199.85,253.65,388.35,533.05,677.75,884.76,125.16,367.45,283.55,371.75,412.35,485.55,507.85,502.45,541.05,580.85,617.65,647.25,710.95,735.35,798.05,857.95,909.85,973.06,031.56,087.56,154.66,226.66,289.36,339.16,384.86,456.3
Per capita(dollars)
Currentdollars
1,9832,0262,0812,1742,2492,4122,5672742m3,3293,5913,8604,1384,6195,0135,4705,9606,5197,2538,0338,8699,773
10,36411,03612,21512,94113,55514,24615,31216,23517,17617,71018,61619,12119,82020,61321,38522,32023,23124,30519,32619,70519,96920,27620,44120,48920,67020,84921,07221,26121,51721,68721,99422,21522,41022,65822,86323,08623,34523,62823,90424,17124,38924,753
Chained(1996)dollars
9,0689,1119,2609,5619,779
10,34210,8421128811,64112,05512,32212,68813,04413,49214,26914,09914,23614,65315,01015,62715,94215,94416,15416,25016,56417,68718,12018,53618,79019,44819,74619,96719,89220,35920,35420,67521,03221,38521,95422,63623,31020,34820,63920,74120,97021,01220,94521,03621,13621,23521,30021,48321,52021,71221,88522,01922,19822,37322,52822,71522,92423,11023,23923,34323,546
Personal consumption expenditures
Total (billions ofdollars)
Currentdollars
318.1332.3342.7363.8383.1411.7444.3481.8508.7558.7605.5648.9702.4770.7852.5932.4
1,030.31,149.81,278.41,430.41,596.31,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.73,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.94,613.84,677.54,753.04,821.34,868.64,943.75,005.25,058.45,130.55,218.05,263.75,337.95,430.85,466.35,569.15,631.35,714.75,816.25,889.65,973.76,090.86,200.86,303.76,424.6
Chained(1996)dollars
1,454.81,494.41,524.61,599.71,665.71,765.21,876.41,983.32,042.72159.12,241.22,293.02,373.62,513.22,634.02,622.32,681.32,826.52,944.03,081.63,168.03,169.43,214.03,259.83,431.73,617.63798.03,958.74,096.04,263.24,374.44,454.14,460.64,603.84,741.94,920.05,070.15,237.55,433.75,698.65,998.74,857.64,899.24,936.74,986.45,004.75,053.65,094.05,128.05,170.35,227.55,255.45,296.85,361.15,385.15,471.85,517.15,592.35,675.65,730.75,795.85,888.45,961.86,033.36,111.2
Per capita(dollars)
Currentdollars
1,7961,8381,8651,9502,0242,1452,2862,4512,5592,7832,9873,1643,3823,6714,0224,3594,7715,2725,8036,4257,0917,7418,4538,9549,757
10,56911,37312,02912,78713,69714,53915,32715,71716,48217,25918,09718,88819,72720,61021,61422,89817,76817,97218,21418,43118,57318,81819,00219,15719,39419,68119,80120,02920,33720,42220,74920,92921,19821,52421,73721,99322,38122,73223,04723,430
Chained(1996)dollars
8,2138,2678,2988,5748,7999,1979,655
10,08810,27810,75511,05511,18011,42911,97212,42812,25912,41412,96013,36413,84214,07313,91813,97314,03814,64415,30315,92416,44816,86717,39717,68217,81817,65318,02518,37218,87819,27219,72720,27221,06021,96018,70718,82418,91819,06219,09319,23619,34019,42119,54419,71619,77019,87520,07620,11920,38720,50420,74421,00421,15121,33821,63721,85622,05822,287
Gross domesticproduct
per capita(dollars)
Currentdollars
2,8652,9182,9703,1433,2683,4623,7054,0154,1974,5404,8605,0695,4345,9096,5377,0177,5718,3639,221
10,31311,40112,27613,61414,03515,08516,63617,66418,50119,52920,84522,18823,21523,69124,74125,73527,06828,13129,42830,96832,37333,85726,52626,95627,19327,59227,83927,94928,21928,51528,84129,35429,56429,94830,43030,85731,16531,41531,93932,13632,47132,94133,33833,53033,99334,563
Chained(1996)dollars
12,98513,04113,12813,70714,09514,70715,45016,27416,50017,11417,47717,30617,62318,36019,21818,98918,75319,54520,22721,15621,63521,39521,71221,10221,78823,17123,85624,45425,08925,90826,55226,73626,39426,98127,33028,15628,65029,42830,46131,47232,43927,80028,12428,20728,48928,53728,53328,68328,84628,99929,42129,50429,78430,08330,39130,60730,76231,20531,29831,50431,87932,10732,18232,54132,921
Popula-tion
(thou-sands)1
177,130180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106227,726230,008232,218234,332236,394238,506240,682242,842245,061247,387249,981252,677255,403258,107260,616263,073265,504268,046270,595273,161259,662260,268260,948261,587262,129262,714263,400264,047264,542265,134265,834266,504267,040267,671268,399269,075269,591270,219270,946271,623272,145272,778273,518274,201
1 Population of the United States including Armed Forces overseas,- includes Alaska and Hawaii beginning 1960. Annual data are averagesof quarterly data. Quarterly data are averages for the period.
Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).
341
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-30.—Gross saving and investment, 1959-99
[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Ypar nrICdl Ul
quarter
1959196019611962 .:.:.:::.1963196419651966 . .196719681969 ..."".'.197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 '.'.'..19941995 ..::z1996 .. .199719981999'1994:1
II .Ill ...IV ...
1995:1IIIll ...IV ...
1996:1IIIll ...IV ...
1997:1IIIll ...IV ...
1998:1IIIll ...IV ...
1999:1IIIll ...IV'
Gross saving
Total
105.8110.9113.9124.6132.8143.0158.1169.1171.1183.3199.8194.3211.4241.6294.6304.0298.4342.7398.2481.6544.9555.5656.5625.7608.0769.4772.5735.9810.4936.2967.6977.7
1,015.81,007.41,039.41,155.91,257.51,349.31,521.31,646.0
1,122.41,145.71,151.11,204.61,238.01,233.11,260.11,298.51,295.61,328.21,372.81,400.51,440.91,522.41,548.21,573.71,623.11,611.41,664.11,685.41,727.81,709.51,735.6
Gross private saving
Total
84.284.491.5
100.4104.3117.6129.4138.5150.8153.7157.0174.3202.6217.0256.4270.7323.5344.0383.1439.1487.8537.8631.7681.6693.8824.8833.4806.5838.3943.0955.1
1,016.21,098.91,164.61,159.41,199.31,266.01,290.41,362.01,371.2
1,200.91,170.31,193.21,233.01,264.91,240.21,271.31,287.61,282.71,264.61,305.61,308.61,324.31,382.01,364.11,377.71,382.51,352.21,367.71,382.31,389.41,359.31,355.7
Per-sonal
saving
26.526.431.933.533.140.542.744.554.052.752.669.580.176.9
102.5114.3125.2122.1125.6145.4165.8205.6243.7262.2227.8306.5282.6267.8252.8292.3301.8334.3371.7413.7350.8315.5302.4272.1271.1229.71583274.3319.5324.1344.2346.0291.5285.9286.3282.2253.1286.1267.1263.4296.1255.5269.3248.9217.5224.8227.5195.1168.0139.5130.8
Gross business saving
Total1
57.758.059.666.971.277.186.794.096.8
101.0104.4104.8122.5140.1153.9156.4198.3221.9257.5293.7322.0332.2388.0419.4466.0518.3550.8538.7585.5650.7653.3681.9727.2750.9808.6883.8963.6
1,018.31,090.91,141.5
926.6850.8869.1888.8918.9948.7985.4
1,001.31,000.51,011.51,019.51,041.51,060.91,085.91,108.61,108.41,133.61,134.71,142.91,154.81,194.31,191.31,216.2
Undis-trib-uted
corpo-rate
profits2
17.516.316.722.525.128.634.837.535.333.429.522.632.040.744.329.048.756.972.782.576.448.863.160.992.2
123.6127.186.7
106.0136.897.8
101.2118.2123.2141.2150.8203.1232.5265.9257.2
112.1155.8163.1172.4177.8195.0221.6218.1231.3232.9228.1237.7254.1267.9277.2264.6271.9259.5251.1246.5277.6259.5252.4
Cor-porate
consump-tion offixed
capital
23.724.725.326.227.328.830.933.937.341.345.850.855.761.367.278.994.4
105.0117.9134.9157.0181.9211.1234.5245.5261.3282.0303.3322.2345.7372.1392.3412.3429.1449.3483.4512.6543.6
3*666.3492.6472.7480.6487.9498.1508.5516.6527.3531.0538.4547.7557.4565.6574.3584.1593.6602.2612.6625.0637.1645.8657.2676.5685.6
Noncor-porate
consump-tion offixed
capital
16.517.117.618.118.719.721.022.624.326.429.031.434.438.542.348.455.260.066.976.288.5
101.5113.7124.0128.3133.4141.7148.7157.4168.1183.4188.4196.8214.3211.6231.9231.5238.5249.8261.5279.0265.4217.6220.8223.8226.7228.9230.8239.6234.6236.6240.1242.7245.4248.0251.5254.3256.0259.1263.3267.7271.0274.6287.2283.2
Gross government saving
Total
21.626.522.524.228.525.528.830.720.329.642.820.08.8
24.638.233.3
-25.1-1.315.142.557.117.724.8
-55.9-85.7-55.4-60.9-70.5-27.9-6.712.5
-38.6-83.2
-157.2-120.0-43.4-8.558.9
159.3274.8
-78.5-24.6-42.0-28.4-26.8-7.0
-11.210.912.963.567.292.0
116.6140.4184.0196.0240.7259.2296.4303.0338.3350.2379.9
Federal
Total
13.617.813.514.017.513.416.016.15.8
13.825.52.3
-9.5-3.8
8.36.4
-47.7-29.9-20.6
-.616.6
-22.8-18.9-93.1
-131.5-121.6-127.9-139.2-91.6-77.2-65.6
-104.3-142.3-222.2-195.4-130.9-108.0-51.5
37.7134.3
-157.1-109.3-130.5-126.8-124.9-105.1-113.4-88.4-91.5-51.9-44.6-18.0-1.323.258.770.3
111.9130.5147.1147.8187.2208.3225.1
Con-sump-
tionof
fixedcapital
10.410.711.011.612.312.512.813.314.215.115.916.717.418.719.520.221.623.224.626.328.030.934.739.542.446.449.352.956.360.264.468.773.075.478.781.484.085.386.687.490.880.481.281.582.583.383.984.184.885.085.185.585.786.186.486.687.187.087.087.588.189.690.291.2971
Currentsurplus
orHafiritoeTicii( \— J
3.27.12.52.45.2
.83.22.7
-8.3-1.3
9.6-14.4-26.8-22.5-11.2-13.9-69.3-53.0-45.2-26.9-11.4-53.8-53.7
-132.6-173.9-168.1-177.1-192.1-147.9-137.4-130.0-173.0-215.3-297.5-274.1-212.3-192.0-136.8-48.8
46.9
-237.5-190.5-212.0-209.4-208.3-188.9-197.6-173.2-176.5-137.0-130.1-103.7-87.4-63.2-27.9-16.8
24.943.559.659.797.6
118.1133.8
State and local
Total
8.08.79.0
10.211.012.112.714.614.515.817.317.618.228.430.027.022.728.635.743.140.540.643.837.245.766.267.068.763.770.578.165.759.165.075.487.599.4
110.4121.5140.5
78.684.788.598.498.198.1
102.399.3
104.3115.4111.8109.9117.9117.2125.3125.6128.8128.7149.3155.2151.1141.9154.8
Con-sump-
tionof
fixedcapital
4.24.44.75.05.45.76.26.97.58.39.3
10.611.812.914.317.720.221.322.624.427.431.736.339.540.942.444.747.951.554.958.863.166.969.973.978.984.188.994.098.8
105.178.077.879.380.682.283.584.886.187.388.389.590.792.093.594.495.996.897.899.4
101.1102.4104.3106.0107.8
Currentsurplus
or/ \(-)
3.84.34.35.25.76.46.57.77.07.58.07.16.4
15.615.79.32.47.3
13.118.713.08.87.5
-2.34.8
23.822.320.812.215.619.32.6
-7.8-4.9
1.58.6
15.321.427.541.7
.66.99.2
17.815.914.617.513.317.027.222.319.325.923.730.929.732.030.949.954.248.737.648.9
1 Includes private wage accruals less disbursements not shown separately.2 With inventory valuation and capital consumption adjustments.See next page for continuation of table.
342
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-30.—Gross saving and investment, 1959-99—Continued[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]
Year or quarter
1959196019611962196319641965196619671968196919701971 .1972197319741975197619771978197919801981 . ..198219831984198519861987 . . . . .198819891990 . ..199119921993 .199419951996199719981999*1994:1
11IIIIV
1995:1||IllIV
1996:1IIHI .. ..IV
1997-1||IllIV
1998- 1||Il lIV
1999:1II . .Il lIV*
Gross investment
Total
106.7110.4113.8125.3132.4144.2160.0175.6175.9187.6202.7201.2222.7250.3302.6314.0316.1367.2419.8502.6580.6589.5684.0628.2655.0787.9784.2779.8813.8894.0983.9
1,008.21,035.41,051.11,103.21,214.41,284.01,382.11,518.11,598.4
1,175.11,227.01,205.71,249.91,291.71,258.01,263.31,322.91,330.01,377.71,397.91,422.81,461.81,546.31,530.71,533.71,624.61,569.91,576.21,623.01,628.41,574.01,594.4
Grossprivate
domesticinvest-ment
78.578.978.288.193.8
102.1118.2131.3128.6141.2156.4152.4178.2207.6244.5249.4230.2292.0361.3436.0490.6477.9570.8516.1564.2735.5736.3747.2781.5821.1872.9861.7800.2866.6955.1
1,097.11,143.81,242.71,383.71,531.21,621.61,042.01,106.41,094.01,146.11,162.81,133.11,123.51,155.61,172.41,231.51,282.61,284.31,327.01,392.21,395.91,419.61,514.31,495.01,535.31,580.31,594.31,585.41,635.01,671.8
Grossgovern-
mentinvest-ment3
29.328.331.333.333.634.635.640.443.844.744.444.844.046.349.457.464.566.467.577.188.5
100.3106.9112.3122.8139.4158.8173.2184.3186.2197.7215.8220.3223.1220.9225.6238.2250.1258.1268.7296.4215.7222.2233.3231.1236.4241.0236.4238.9248.3253.0249.9249.4252.1257.9261.5261.0262.4266.3273.5272.6289.8292.2295.7308.1
Netforeigninvest-ment4
-1.23.24.33.95.07.56.23.93.51.71.84.0
.6-3.6
8.77.1
21.48.9
-9.0-10.4
1.411.46.3-.2
-32.0-87.0
-110.9-140.6-152.0-113.2-86.7-69.2
14.9-38.7-72.9
-108.3-98.0
-110.7-123.7-201.5
-82.6-101.6-121.6-127.3-107.5-116.1-96.7-71.6-90.7
-106.7-134.5-111.0-117.3-103.7-126.7-146.9-152.1-191.4-232.6-229.9-255.7-303.7-336.3
Statisti-cal
discrep-ancy
0.8-.6-.2
.7-.41.21.96.44.84.32.96.9
11.38.78.0
10.017.724.521.621.035.733.927.5
2.547.018.611.743.93.3
-42.216.330.619.643.763.858.526.532.8-3.2
-47.6
52.781.354.645.353.724.93.1
24.434.449.625.122.320.923.9
-17.5-40.0
1.4-41.5-87.9-62.4-99.4
-135.5-141.2
Addenda:
Grosssavingas a
percent
grossnationalproduct
20.720.920.721.121.321.421.821.320.420.020.118.618.619.321.120.018.118.619.420.821.019.620.719.017.019.418.216.517.018.317.616.816.915.916.616.316.917.218.318.8
16.216.316.216.716.916.716.917.216.917.017.417.517.718.418.518.618.818.619.018.919.118.718.7
Personalsavingas a
percentof
discos-able
personalincome
7.67.28.38.37.88.88.68.39.48.47.89.4
10.08.9
10.510.710.69.48.79.09.2
10.210.810.98.8
10.69.28.27.37.87.57.88.38.77.16.15.64.84.53.72.45.56.26.26.56.55.45.35.25.14.55.04.64.55.04.24.44.03.53.63.53.02.52.11.9
3 For details on government investment, see Table B-18.4 Net exports of goods and services plus net income receipts from rest of the world less net transfers.Source: Department of Commerce, Bureau of Economic Analysis.
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TABLE B—31.—Median money income (in 1998 dollars) and poverty status of families and persons,by race, selected years, 1980-98
Year
ALL RACES1980 3
198119821983 4
1984198519861987 5 .19881989199019911992 6
199319941995199619971998WHITE1980 3
198119821983 4
1984198519861987 5
19881989199019911992 6
199319941995199619971998BLACK1980 3
1981198219834
1984198519861987 5
19881989199019911992 6
199319941995199619971998
Families1
Num-ber
(mil-lions)
60.361.061.462.062.763.664.565.265.866.166.367.268.268.569.369.670.270.971.6
52.753.353.453.954.455.055.756.156.556.656.857.257.757.958.458.958.959.560.1
6.36.46.56.76.86.97.17.27.47.57.57.78.08.08.18.18.58.48.5
Medianmoneyincome
(in1998dol-
lars)2
$41,63740,50239,95440,38041,46942,01543,81144,43844,35444,97444,09043,01142,49041,69142,65543,43643,94545,26246,737
43,38242,54541,94942,28343,43444,16145,82046,46846,73047,29046,03845,21844,92744,33144,96745,61246,49647,48249,023
25,10224,00023,18523,83024,20825,42926,18126,41026,63326,56526,71725,78824,51724,30027,16427,77627,55329,04829.404
Below poverty level
Total
Num-ber
(mil-lions)
6.26.97.57.67.37.27.07.06.96.87.17.78.18.48.17.57.77.37.2
4.24.75.15.24.95.04.84.64.54.44.65.05.35.55.35.05.15.04.8
1.82.02.22.22.12.02.02.12.12.12.22.32.52.52.22.12.22.0?.o
Per-cent
10.311.212.212.311.611.410.910.710.410.310.711.511.912.311.610.811.010.310.0
8.08.89.69.79.19.18.68.17.97.88.18.89.19.49.18.58.68.48.0
28.930.833.032.330.928.728.029.428.227.829.330.431.131.327.326.426.123.6?3.4
Femalehouseholder
Num-ber
(mil-lions)
3.03.33.43.63.53.53.63.73.63.53.84.24.34.44.24.14.24.03.8
1.61.81.81.91.92.02.02.01.91.92.02.22.22.42.32.22.32.32.1
1.31.41.51.51.51.51.51.61.6
!i1.81.91.91.71.71.71.61.6
Per-cent
32.734.636.336.034.534.034.634.233.432.233.435.635.435.634.632.432.631.629.9
25.727.427.928.327.127.428.226.926.525.426.828.428.529.229.026.627.327.724.9
49.452.956.253.751.750.550.151.149.046.548.151.250.249.946.245.143.739.840.8
Personsbelow
poverty level
Num-ber
(mil-lions)
29.331.834.435.333.733.132.432.231.731.533.635.738.039.338.136.436.535.634.5
19.721.623.524.023.022.922.221.220.720.822.323.725.326.225.424.424.724.423.5
8.69.29.79.99.58.99.09.59.49.39.8
10.210.810.910.29.99.79.19.1
Per-cent
13.014.015.015.214.414.013.613.413.012.813.514.214.815.114.513.813.713.312.7
10.211.112.012.111.511.411.010.410.110.010.711.311.912.211.711.211.211.010.5
32.534.235.635.733.831.331.132.431.330.731.932.7
30!629.328.426.5?6.1
Median money income (in 1998 dollars)of persons 15 years old and over with
income2
Males
Allpersons
$24,81624,37423,78523,99324,47424,70925,45225,52026,05226,15025,30824,49723,76523,80423,88924,13124,76125,60526,492
26,39725,86325,14625,24225,8342592126,85927,12627,50127,42526,40225,60524,86924,79524,93325,55725,91926,52227,646
15,86215,37915,06914,76214,82216,31216,09516,09216,59516,57516,04815,51315,17816,47516,47817,11917,13218,37819.321
Year-round
full-timeworkers
$37,97337,43436,92236,79437,65837,87038,51038,28337,67337,35736,14136,29935,82035,05634,76934,43934,84235,79736,252
39,05738,31337,90637,77338,94738,92239,58539,17638,94139,00437,51537,04436,67235,90735,68035,84636,09236,68137,196
27,48027,10826,92226,94926,58027,22427,90928,01128,54427,21626,79027,08026,71126,58326,84226,52328,19127,31627.472
Females
Allpersons
$9,7449,874
10,03710,48210,77510,93311,31811,90212,24112,65112,55912,53712,44712,46012,61112,97413,31313,91614,430
9,7989,984
10,17410,66510,90211,14511,54112,20612,54312,89812,86712,83112,73712,70812,79113,17313,46514,00714,617
9,0718,8708,9749,1149,6709,5099,7659,971
10,12610,35210,38610,55110,32510,72511,59711,72312,23013,25113.137
Year-round
full-timeworkers
$22,95722,53623,29623,67424,19424,62025,04925,20225,55225,81425,68025,42525,66825,34625,58825,43125,90426,43426,855
23,17822,91223,60923,99024,43424,96825,43325,66825,93526,12125,98925,79625,96525,92126,28025,95226,34426,88227,304
21,61820,69221,10121,29522,02022,10222,25522,92623,24023,49223,12722,89923,53622,91622,68822,54522,84523,11923.864
'The term "family" refers to a group of two or more persons related by birth, marriage, or adoption and residing together. Every familymust include a reference person. Beginning 1979, based on householder concept and restricted to primary families.2 Current dollar median money income adjusted by CPI-U-X1.
3 Based on 1980 census population controls (beginning 1979); comparable with succeeding years.4 Reflects implementation of Hispanic population controls; comparable with succeeding years.5 Based on revised methodology; comparable with succeeding years.6 Based on 1990 census adjusted population controls; comparable with succeeding years.
. level) for all races for years not shown above are: 1959, 22.4; 1960, 22.2; 1961,21.9; 1962, 21.0; 1963, 19.5; 1964, 19.0; 1965, 17.3; 1966, 14.7; 1967, 14.2; 1968, 12.8; 1969, 12.1; 1970, 12.6; 1971, 12.5; 1972, 11.9;
Note.— Poverty rates (p1.9; 1962, 21.0; 1963, 1.; , .; , .; , .; , .; , .
1973, 11.1; 1974, 11.2; 1975, 12.3; 1976, 11.8; 1977, 11.6; 1978, 11.4; and 1979, 11.7.Poverty thresholds are updated each year to reflect changes in the consumer price index (CPI-U).For details see "Current Population Reports," Series P-60.Source: Department of Commerce, Bureau of the Census.
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POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY
TABLE B-32.—Population by age group, 1929-99[Thousands of persons]
July 1
1929193319391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964 . . .19651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999
Total
121 767125 579130 880132,122133,402134 860136'739138,397139,928141 389144'l26146,631149,188152 271154878157,553160 184163*.026165,931168 90317l'984174,882177 830180 671183'691186,538189 24219l'889194 303196,560198,712200 706202*.677205 052207,661209 896211,909213,854215,973218 035220 239222̂ 85225 055227 726229*.966232 188234,307236 348238,466240 651242,804245,021247 342249 948252*.639255 374258'083260,599263 044265463268,008270 561273.131
Under 5
11734106121041810,57910,8501130112*01612,52412,979132441440614,91915,6071641017*33317,3121763818*05718,566190031949419,887201752034120*52220,4692034220*1651982419*20818,5631791317*.3761716617,2441710116*.85116,48716,121156171556415*735160631645116*.8931722817*,5471769517,8421796318J05218195185081885019*,1861948819*67019,6971952919*28919,0971896618.918
5-15
26800268972517924,81124,5162423124*09323,94923,907241032446825,20925,8522672127*27928,8943022731,48032,6823399435*27236,44537368384943976541,2054162642*2974293843,70244,2444462244*,8404481644,5914420343,58242,98942,50842,0994129840*.428395523883838!l443778437*.5263746137,4503740437,33337,593379723859539!l78398484044541,076417434223542,7274305643.333
16-19
9127930298229,8959,84097309*.6079,5619,36191199*0978,9528,78885428*4468,41484608,6378,74489169*1959,543102151068311*02511,1801200712*7361351614,31114,2001445214*.8001528915,6881603916,44616,76917,01717,1941727617*.288172421716716*,8121633215,8231529515,0051502415,21515,198149131446013,9671373613*88814,142144111491715,2671566015*955
Age (years)
20-24
10694111521151911,69011,8071195512*06412,06212,036120041181411,79411,7001168011*55211,3501106210,83210,7141061610*60310,75610969111341148311,9591271413*2691374614*.05015,2481578616*.48017,20218,1591815318,52118,97519,527199862049920*.946212972159021*869219022l',8442173721,4782094220*38519846194421930419*3321916818*89218*4871806817*59217*5651775818*141
2M4
35862373193935439,86840,3834086141*42042,01642,5214302743*65744*28844,9164567246*10346*4954678647*00147,1944737947*44047,33747192471404708447*0134699446*9584691247*00147,1944772148*.0644847348,9365048251,74953,05154302558525756159>00613796347065*.5286769269*,7337173573,6737565177,33878595799438120882*,4438250182*80083il048344183*76283,7118345482.977
45-64
21076229332582326,24926,7182719627*67128,13828,6302906429*49829,93130,4053084931*36231,8843239432,94233,5063405734*59135,109356633620336*72237*2553778238*3383891639*53440,1934084641*.43741,99942,4824289843,23543,5224380144,0084415044*286443904450444*.5004446244,4744454744,6024466044,85445,471458824629246,7564833949*57650,8845223453*71255,4445726759.230
65 andover
6474736387649,0319,28895849,86710,14710,49410828Il!l8511,53811,9211239712*,80313,20313,61714,07614,5251493815*38815,806162481667517*08917,4571777818*1271845118,75519,0711936519].68020,10720,5612102021,52522,06122,69623,2782389224,50225,1342570726*,2212678727,36127,87828,4162900829,62630,1243068231,23931,7773229432]81233,2093361833*,95534,1983440134.578
Note.—includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.All estimates are consistent with decennial census enumerations.Source: Department of Commerce, Bureau of the Census.
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TABLE B-33.—Civilian population and labor force, 1929-99[Monthly data seasonally adjusted, except as noted]
Year or month
192919331939
19401941194219431944194519461947
19471948194919501951195219535
195419551956195719581959I9605
196119625
19631964196519661967196819691970197119725
19735
197419751976197719785
1979198019811982198319841985 . .. .19865
19871988198919905
1991 .1992199319945
19951996 .. .19975
1998 5
19995
Civiliannoninsti-tutionalpopula-tion1
Civilian labor force
Total
Employment
TotalAgri-cul-tural
Non-agri-
cultural
Un-employ-
ment
Not inlaborforce
Thousands of persons 14 years of age and over
99,84099,90098,64094,64093,22094,090
103,070106,018
49,18051,59055,230
55,64055,91056,41055,54054,630
53,86057,52060,168
47,63038,76045,750
47,52050,35053,75054,47053,96052,82055,25057,812
10,45010,0909,6109,5409,1009,2509,0808,950
8,5808,3208,256
37,18028,67036,140
37,98041,25044,50045,39045,010
44,24046,93049,557
1,55012,8309,480
8,1205,5602,6601,070
6701,0402,2702356
44,20043,99042,23039,10038,590
40,23045,55045,850
Thousands of persons 16 years of age and over
101,827103,068103,994104,995104,621105,231107,056108,321109,683110,954112,265113,727115,329
117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863
167,745170,130172,271174,215176,383178,206180,587182,753184,613186,393189,164190,925192,805194,838196,814198,584200,591203,133205,220207,753
59,35060,62161,286
62,20862,01762,13863,01563,64365,02366,55266,92967,63968,369
69,62870,45970,61471,83373,09174,45575,77077,34778,73780,73482,77184,38287,03489,42991,94993,77596,15899,009
102,251104,962
106,940108,670110,204111,550113,544115,461117,834119,865121,669123,869
125,840126,346128,105129,200131,056132,304133,943136,297137,673139,368
57,03858,34357,651
58,91859,96160,2506117960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,824
99,303100,39799,526
100,834105,005107,150109,597112,440114,968117,342
118,793117,718118,492120,259123,060124,900126,708129,558131,463133,488
7,8907,6297,658
7,1606,7266,5006,2606,2056,4506,2835,9475,5865,5655,4585,2004,9444,6874,5234,3613,9793,8443,8173,6063,4633,3943,4843,4703,5153,4083,3313,2833,3873,347
3,3643,3683,4013,3833,3213,1793,1633,2083,1693,1993,2233,2693,2473,1153,4093,4403,4433,3993,3783,281
49,14850,71449,993
51,75853,23553,74954,91953,90455,72257,51458,12357,45059,065
60,31860,54661,75963,07664,78266,72668,91570,52772,10374,29675,21575,97278,66981,59483.27982,43885,42188,73492,66195,477
95,93897,03096,12597,450
101,685103,971106,434109,232111,800114,142
115,570114,449115,245117,144119,651121,460123,264126,159128,085130,207
2,3112,2763,637
3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,85247143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,273
10,67810,7178,5398,3128,2377,4256,7016,5287,0478,6289,6138,9407,9967,4047,2366,7396,2105,880
42,47742,44742,70842,78742,60443,09344,04144,67844,66044,40245,33646,08846,96047,61748,31249,53950,58351,39452,05852,28852,52753,29153,602
54,31555,83457,09157,66758,17159,37759,99160,02559,65959,900
60,80661,46062,06762,66562,83962,74462,75262,88862,94462,52363,32464,57864,70065,63865,75866,28066,64766,83767,54768,385
Civil-ian
laborforcepar-tici-
pationrate2
Civil-ianem-ploy-ment/pop-ula-tion
ratio3
Unem-ploy-mentrate,civil-ian
work-ers4
Percent
55.756.057.258.758.657.255.856.8
58.358.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.867.167.167.1
47.650.454.557.657.956.153.654.5
56.056.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.562.963.263.864.164.3
3.224.917.214.69.94.71.91.21.93.93.9
3.93.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.66.87.56.96.15.65.44.94.54.2
1 Not seasonally adjusted.2Civilian labor force as percent of civilian noninstitutional population.3 Civilian employment as percent of civilian noninstitutional population.4 Unemployed as percent of civilian labor force.See next page for continuation of table.
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TABLE B-33.—Civilian population and labor force, 1929-99—Continued[Monthly data seasonally adjusted, except as noted]
Year or month
1996:JanFebMarAprMayJuneJuly .Aug : ':::::.;: :: ::::.SeptOCT. ::NovDec
1997- J an 5
Feb .MarAprM a y . . . .JuneJulyAug .":::::.'":": :::: ;:SeptOct .NovDec .
1998- Jan 5
Feb .MarApr .MayJuneJulyAug :.: : :Sept :. ::. : :::OctNovDec
1999.-Jan5
FebMarAprMayJuneJulyAugSeptOctNovDec
Civiliannoninsti-tutionalpopula-
tion^
Civilian labor force
Total
Employment
TotalAgri-cul-tural
Non-
cultural
Un-employ-
ment
Not inlaborforce
Thousands of persons 16 years of age and over
199,634199,773199,921200,101200,278200,459200,641200,847201,061201,273201,463201,636202,285202,389202,513202,674202,832203,000203,166203,364203,570203,767203,941204,098204,238204,400204,547204,731204,899205,085205,270205,479205,699205,919206,104206,270206,719206,873207,036207,236207,427207,632207,828208,038208,265208,483208,666208.832
132,668133,002133,198133,403133,674133,690134,265134,043134,486134,881134,953135,071135,576135,496135,958136,043136,061136,218136,421136,590136,612136,547136,860137,097137,225137,263137,333137,216137,329137,449137,476137,565138,156138,189138,230138,545139,232139,137138,804139,086139,013139,332139,336139,372139,475139,697139,834140.108
125,152125,672125,875126,002126,229126,598126,942127,172127,513127,863127,732127,831128,387128,350128,922129,191129,383129,417129,812129,987129,982130,121130,577130,646130,819130,911130,854131,255131,278131,234131,274131,381131,922131,950132,156132,517133,225133,029132,976133,054133,190133,398133,399133,530133,650133,940134,098134.420
3,4863,5553,4903,3963,4763,4183,4343,4023,4483,4653,3533,4313,4593,3583,4223,4683,4343,3983,4213,3593,4003,3093,3753,3953,33433543,1803,3413,3473,3453,4083,4983,4993,5853,3403,2413,2973,3283,2903,3413,2903,3303,2783,2343,1793,2383,3103.279
121,666122,117122,385122,606122,753123,180123,508123,770124,065124,398124,379124,400124,928124,992125,500125,723125,949126,019126,391126,628126,582126,812127,202127,251127,485127,557127,674127,914127,931127,889127,866127,883128,423128,365128,816129,276129,928129,701129,686129,713129,900130,068130,121130,296130,471130,702130,788131.141
7,5167,3307,3237,4017,4457,0927,3236,8716,9737,0187,2217,2407,1897,1467,0366,8526,6786,8016,609•6,6036,6306,4266,2836,4516,4066,3526,4795,9616,0516,2156,2026,1846,2346,2396,0746,0286,0076,1085,8286,0325,8235,9345,9375,8425,825i$5.688
66,96666,77166,72366,69866,60466,76966,37666,80466,57566,39266,51066,56566,70966,89366,55566,63166,77166,78266,74566,77466,95867,22067,08167,00167,01367,13767,21467,51567,57067,63667,79467,91467,54367,73067,87467,72567,48767,73668,23268,15068,41468,30068,49268,66668,79068,78668,83268.724
Civil-ian
laborforce
ffipationrate*
Civil-ianem-ploy-ment/pop-ula-tion
ratio3
Unem-ploy-mentrate,civil-ian
work-ers4
Percent
66.566.666.666.766.766.766.966.766.967.067.067.067.066.967.167.167.167.167.167.267.167.067.167.267.267.267.167.067.067.067.066.967.267.167.167.267.467.367.067.167.067.167.067.067.067.067.067.1
62.762.963.063.063.063.263.363.363.463.563.463.463.563.463.763.763.863.863.963.963.963.964.064.064.164.064.064.164.164.064.063.964.164.164.164.264.464.364.264.264.264.264.264.264.264.264.364.4
5.75.55.55.55.65.35.55.15.25.25.45.45.35.35.25.04.95.04.84.84.94.74.64.74.74.64.74.34.44.54.54.54.54.54.44.44.34.44.24.34.24.34.34.24.24.14.14.1
5 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census dataadded about 600,000 to population and 350,000 to labor force, total employment, and agricultural employment. Beginning 1960, inclusion ofAlaska and Hawaii added about 500,000 to population, 300,000 to labor force, and 240,000 to nonagricultural employment. Beginning 1962,introduction of 1960 census data reduced population by about 50,000 and labor force and employment by 200,000. Beginning 1972, introduc-tion of 1970 census data added about 800,000 to civilian noninstitutional population and 333,000 to labor force and employment. A subse-quent adjustment based on 1970 census in March 1973 added 60,000 to labor force and to employment. Beginning 197$, changes in sam-pling and estimation procedures introduced into the household survey added about 250,000 to labor force and to employment. Unemploymentlevels and rates were not significantly affected. Beginning 1986, the introduction of revised population controls added about 400,000 to thecivilian population and labor force and 350,000 to civilian employment. Unemployment levels and rates were not significantly affected.
Beginning 1990, the introduction of 1990 census-based population controls, adjusted for the estimated undercount, added about 1.1 mil-lion to the civilian population and labor force, 880,000 to civilian employment, ana 175,000 to unemployment. The overall unemployment raterose by about 0.1 percentage point.
Beginning 1994, data are not strictly comparable with earlier data because of the introduction of a major redesign of the Current Popu-lation Survey and collection methodology.
Beginning 1997, 1998, and 1999 data are not strictly comparable due to the introduction of revised population controls. See Februaryissues Employment and Earnings for details on the effects. Also, for 1998, data reflect the introduction of a new composite estimation proce-dure for the Current Population Survey.
Note.—labor force data in Tables B-33 through B-42 are based on household interviews and relate to the calendar week including the12th of the month. For definitions of terms, area samples used, historical comparability of the data, comparability with other series, etc., see"Employment and Earnings."
Source: Department of Labor, Bureau of Labor Statistics.
347
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TABLE B—34.—Civilian employment ami unemployment by sex and age, 1950—99[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]
Year or month
195019511952 .:::::::;.;.::::::19531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978 .1979198019811982 " ! '198319841985198619871988198919901991199219931994199519961997199819991998- Jan .
FebMarAprMayJuneJulyAugsept :::::::OctNovDec
1999: JanFebMar
&y'T.I"JuneJuly .Aug ...SeptOctNovDec
Civilian employment
Total
58,91859,96160,25061,17960,10962,17063,79964,07163,03664!63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150109,597112,440114,968117,342118,793117,718118,492120,259123,060124,900126,708129,558131,463133,488130,819130,911130,854131,255131,278131,234131,274131,381131,922131,950132,156132,517133,225133,029132,976133,054133,190133,398133,399133,530133,650133,940134,098134.420
Males
Total
41,57841,78041,68242,43041,61942,62143,37943,35742,42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,81848,99049,39050,89652,34953,02451,85753,13854,72856,47957,60757,18657,39756,27156,78759,09159,89160,89262,10763,27364,31565,10464,22364,44065,34966,45067,37768,20769,68570,69371,44670,33870,36270,23970,69070,59870,61270,64570,57570,86571,00071,20171,17371,36871,23071,26971,20871,20771,33071,43771,43671,63071,62371,73271.927
16-19years
2,1862,1562,1072,1361,9852,0952,1642,1152,0122,1982,3612,3152,3622,4062,5872,9183,2533,1863,2553,4303,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153,3793,3003,3223,3283,3233,3813,4923,4773,4273,0442,9442,9943,1563,2923,3103,4013,5583,6853,5163,4853,5313,5443,4613,5983,5583,5783,5983,5443,6283,6453,5973,7033,6413,6463,7373,6853,7343,6683,6873,7253,6953.730
20yearsandover
39,39439,62639,57840,29639,63440,52641,21641,23940,41141,26741,54341,34241,8154225142,88643,42243,66844,29444,85945i38845,58145,91247,13048,31048,92248,01849,19050,55552,14353,30853,10153,58252,89153,48755,76956,56257,56958,72659,78160,83761,67861,17861,49662,35563,29464,08564,89766,28467,13567,76166,82266,87766,70867,14667,13767,01467,08766,99767,26767,45667,57367,52867,77167,52767,62867,56267,47067,64567,70367,76867,94367,89868,03768.197
Females
Total
17,34018,18118,56818,74918,49019,55120,41920,71420,61321,16421,87422,09022,52523,10523,83124,74825,97626,89327,80729,08429,68829,97631,25732,71533,76933,98935,61537,28939,56941,21742,11743,00043,25644,04745,91547,25948,70650,33451,69653,02753,689a&54,91056,61057,52358,50159,87360,77162,04260,48160,54960,61560,56560,68060,62260,62960,80661,05760,95060,95561,34461,85761,79961,70761,84661,98362,06861,96262,09462,02062,31762,3666?.493
16-19years
1,5171,6111,6121,5841,4901,5471,6541,6631,5701,6401,7681,7931,8331,8491,9292,1182,4682,4962,5262,6872,7352,7302,9803,2313,3453,2633,3893,5143,7343,7833,6253,4113,1703,0433,1223,1053,1493,2603,3133,2823,1542,8622,7242,8113,0053,1273,1903,2603,4933,4873,5203,4853,4743,4563,4853,4923,4693,4873,5743,4913,4173,5683,4843,5383,4913,5103,5003,4213,4853,4463,3903,5173,5283.535
20yearsandover
15,82416,57016,95817,16417,00018,00218,76719,05219,04319,52420,10520,29620,69321,25721,90322,63023,51024,39725,28126,39726,95227,24628,27629,48430,42430,72632,22633,77535,83637,43438,49239,59040,08641,00442,79344,15445,55647,07448,38349,74550,53550,63451,32852,09953,60654,39655,31156,61357,27858,55556,96157,06457,14157,10957,19557,13057,16057,31957,48357,45957,53857,77658,37358,26158,21658,33658,48358,64758,47758,64858,63058.80C58,83858.958
Unemployment
Total
3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,786
Iff2,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5287,0478,6289,6138,9407,9967,4047,2366,7396,2105,8806,4066,35264795,9616,0516,2156,2026,1846,2346,2396,0746,0286,0076,1085,8286,0325,8235,9345,9375,8425,825575757365.688
Males
Total
2,23912211,1851,2022,3441,85417111,8413,0982,4202,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5214,5304,1013,6553i5253,9064,9465,5235,0554,367
3|5773,2663,0663,3283,3313,4263,0663,1793,2623,3603,2253,3423,22331543,2093,1383,2322,9493,0623,1113,0843,0613,0633,0133,0572,9963.003
16-19years
318191205184310274269300416398426479408501487479432448426440599693711653757966939874813811913962
1,0901,003812806779732667658667751806768740744733694
65970968658767968569368674071269869370764864363266?i597591628616645671
20yearsandover
1,9221,029980
1,0192,0351,5801,4421,5412,6812,0222,0602,5182,0161,9711,7181,4351,1201,060993963
1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,9323,7153,7513,3692,9872,8673,2394,1954,7174,2873,6273,2393,1462,8822,5802,4332,6692,6222,7402,4792,5002,5772,6672,5392,6022,5112,4562,5162,4312,5842,3062,4302,5082,4712,4642,4722,3852,4412,3512.33?
Females
Total
1,049834698632
1,188998
1,0391,0181,5041,3201,3661,7171,4881,5981,5811,4521,3241,4681,3971,4291,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,7943,7913,7073,3243,0463,0033,1403,6834,0903,8853,6293,4213,3563,1622,9442,8143,0783,0213,0532,8952,8722,9532,8422,9592,8923,0162,9202,8192,8692,8762,8792,9702,7122,8502,8762,7792,8122,7002,7402.685
16-19years
195145140123191176209197262256286349313383385395405391412413506568598583665802780789769743755800886825687661675616558536544608621597580602573577519529472
ffi501515555506551516592523477551546541541487509501523582545526489
20yearsandover
854689559510997823832821
1,2421,0631,0801,3681,1751,2161,1951,056921
1,078985
1,0151,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,1073,1293,0322,7092,4872,4672,5963,0743,4693,2883,0492,8192,7832,5852,4242,2852,6062,5302,5212,3942,3572,3982,3362,4082,3762,4242,3972,3422,3182,3302,3382,4292,2252,3412,3752,2562,2302,1552,2142.196
Note.—See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
348
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TABLE B-35.—Civilian employment by demographic characteristic, 1955-99[Thousands of persons 16 years of age and oven monthly data seasonally adjusted]
Year ormonth
195519561957 ... " "19581959
196019611962 ... .' ".19631964 ... " "196519661967 "1968 ... .""1969197019711972 ... ".'.'.'.1973197419751976 .1977 ... .::::1978197919801981 ... Z1982198319841985198619871988198919901991199219931994199519961997199819991998: Jan ..
FebMar
Jay"JuneJulyAugSeptOct..NovDec
1999: Jan ..FebMar
itJuneJulyAugSeptOct..NovDec
Allnilcivilianworkers
62,1706379964*07163,03664,6306577865*746667026776269*3057108872*8957437275]92077,9027867879*36782,*15385,06486,79485,84688,75292,01796,04898,82499,303
100,397
105*005107,150109,597112,440114,968117,342118,793117,718118,492120,259123,060124,900126,708129,558131,463133,488130,819130,911130,854131,255131,278131,234131,274131,381131,922131,950132,156132,517133,225133,029132,976133,054133,190133,398133,399133,530133,650133,940134098134,420
Total
558335726957*46556,61358,0065885058*91359*69860,622
63*44665*02166*36167*75069,5187021770*87873*3707570877,18476,41178,85381,70084,93687,25987,71588,709m92,12093,73695,660m101,584
102,261101,182101,669103,045105,190106,490107,808109,856110,931112,235110,567110,616110,478110,813110,902110,645110,766110,920111,350111,245111,387111,539111,978112,017112,030111,886111,898112,115112,193112,308112303112,548112,611112,951
Whi
Males
38,7193936839*34938,59139,4943975539*58840!0164042841*1154184442*33142*83343*.41144,0484417844*59545*94447,08547,67446,6974777549,15050,54451,45251,12751,31550,28750,62152,46253,0465378554,64755,55056*35256,7035579755,95956,65657,452m.59,99860,60461,13960,34860,40960,25560,58660,52860,48360,5446059160,728
61*00960',95960,94660,95961*075
6105361,20761,19361,32261,30161,29461,436
te
Fe-males
17,1141790118*11618,02218,512190951932519,6822019420!807216022269023*52824,33925,470260392628327*42628,62329,51129,71431,07832,55034,39235,80736,58737,39437,61538,27239,65940,69041,87643,14244,26245,23245,55845,385
&47,73848,34448,92049,85950,32751,09650,21950,20750,22350,22750,37450,16250,22250,32950,62250,41350,37850,58051,03251,0585095550,89351,00651,06250,98651,11550,98151,24751,31751,515
Bothsexes16-19
3,22533893*3743,2163,475370036933*77438514*,076456251765*1145,1955,50855715*6706,*1736,6236,7966,4876,7247068m7,0216588
885,8365,7685,792
5*9465,7795,2164,9855,113
5*6675*8076,0896,2046,11160466,0886,0026,0496,0616,0886,1136,191
6*0706,1676,1306,2186,1546,1676,2596,1136,2386,1616,1916,3026,2716244
Total
6,34165346*6046,4236,62369286*8337,*00371407*38376437*8778*0118,1698,38484648*488
889,610m
10,31711,11211,56511,5881168811,62411,94112,88513,4141393714,65215,15615,757
16*53616!82317,21417,87018,40918,90019,70120,5322li25320,24520,29520,40520,407
!';!20,596m20,95521,253m21,12521,23021,26421,14321,27021,37821,42121,51921,433
Black ar
Males
3,90440134*0063,8333,971414940684,160422943594,496
4*6464*7024,770481347964,*9525,2655,3525,16153635,579
KB6,0596*083
tt6,6296,8457,1077,4597,7227,9638,40184268,4828,6938,9989,2319,3199*687
10,08910,3079,9719,936
1000010,09510,02210,14210,08010,06310,13310,19010*21710,23010,40610,26210,21510,19810,26110,27810,17510,30210,29710,34210,45610,499
d other
Fe-males
2,43725212*5982,5902,652277927652*84329113!02431473*2893*3653,4673,614365036923*83240924,2584,2754,53647395,1775,4095,5295,6065,6415,7756,256
7*1927,4347*7958,1318,1108,3428,5218,872m
10,01410,44310,94510,27410,35910,40510,31210,30910,44310,41010,47910,463m10,72510,84710,76010,76210,92710,96910*98610,96810,96811,08111,0791106310,934
Bothsexes16-19
418430407
362430414420404440474545568584609574538573647
8611619703727689637
8607666681742774813801690684691763
8853962968926914
9061,024
949999
9951,049
9681,001
998979984972958
90581,016
Total
7,8028,128
H88,227
(89,3599,3139,3559,1899,375
10,11910,50110,81411,30911,65811,95312,17512,07412,15112,38212,83513,27913,54213,96914,55615,05614,26914,36614,48414,46314,32614,63614,52614,55314,55114,79314,79914,89415,05614,92414,92515,01115,05315,06914,96215,04715,11415,12415,18715,204
Bla<
Males
4,3684,5274,5274,2754,4044,5654,7964,9234,7984,7944,63747535,1245,2705,4285,6615,8245,9285,9955,9615,9306,0476,2416,4226,4566,6076,8717,0276,7516,7356,8276,8836,8046*9506,8736,8456,8816,9866,9496,9627,114m6,9827,0387,0156,9227,0187,0167,0307,0767,127
:k
Fe-males
3,4333,6013,6773,6183,8233,9754,3074,4364,5154,5614,5524,62249955,2315,3865,6485,8346,0256,1806,1136,2216,3346,595m7,3627,6858,0297,5187,6317,6577,5807,5227,6867,6537,7087,6707,8077,8507,9327,9427,9227,9408,0298,0158,0548,0408,0298,0988,0948,1118,077
Bothsexes16-19
509570
8508508571579547505428416474532536587601625598494492494552586613631736691677664707749676821727736769
768801724720705
8704682660659
732Note.-See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
349
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-36.—Unemployment by demographic characteristic, 1955-99[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]
Year ormonth
19551956 .195719581959I96019611962196319641965196619671968196919701971197219731974197519761977 . .1978197919801981198219831984198519861987198819891990199119921993199419951996 . . .199719981999
1998: JanFebMar
lflay"ZJuneJulyAugSeptOctNovDec
1999:JanFebMar
& ::::JuneJulyAug
ff-NovDec
Allcivilianworkers
2,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,23774256,7016,5287,0478,6289,6138,9407,9967,4047,2366,7396!2105,8806,4066,3526,4795,9616,0516,2156,2026,1846,2346,2396,0746,0286,0076,1085,8286,0325,8235i9345,9375,8425,82557575,7365,688
White
Total
2,2522,1592,2893,6802,9463,0653,7433,0523,2082,9992,6912,2552,3382,2262,2603,3394,0853,9063,4424,0976,4215,9145,4414,6984,6645,8846,3438,2418,1286,3726,1916,1405,5014,9444,7705,1866,5607,1696,6555,8925,4595,3004,83644844,2734,5494,5614,6914,2684,3654,5054,3954,5124,5134,5514,3864,4414,3784,4384,2074,4584,2954,4034,2994,3114,1924,1064,0924,057
Males
1,4781,3661,4772,4891,9031,9882,3981,9151,9761,7791,5561,2411,2081,1421,1371,8572,3092,1731,8362,1693,6273,2582,8832,4112,4053,3453,5804,8464,8593,6003,4263,4333,1322,7662,6362,9353,8594,2093,8283,2752,9992,8962,6412i4312,2742,4562,4632,5672,2652,3732,4462,4302,4132,5092,4382,344214112,3412,4222,2002,2742,3182,3252,2762,3722,20921742,1672,163
Fe-males
774793812
1,1911,0431,0771,34511371,2321,2201,1351,0141,1301,0841,1231,4821,7771,7331,6061,9272,7942,6562,5582,2872,2602,5402,7623,3953,2702,7722,7652,7082,3692,1772,1352,2512,7012,9592,8272,6172,4602,4042,1952,0531,9992,0932,0982,1242,0031,9922,0591,9652,0992,00421132,0422,0302,0372,0162,0072,1841,9772,0782,0231,939
19251,894
Bothsexes16-19
373382401541525575669580708708705651635644660871
1,0111,021955
1,1041,4131,3641,2841,1891,1931,2911,3741,5341,3871,1161,0741,070995910863903
1,0291,037992960
939912876844796866899809858929
8887950895874892851841852807834803813870842857864
Black and other
Total
601591570923793788971861863787678622638590571754930977924
1,0581,5071,4921,5501,5051,4731,7521,9302,4372,5882,1672,1212,0971,9241,7571,7571,8602,0682,4442,2852,1041,9451,9361,9031,7261,6061,8151,7791,7891,6981,7051,7091,80116901,7511,6991,6821,5661,573
ifi1,590
ig1,6511,550
Hi1,6331,622
Males
376345364610517498599509&360310300277267380481486440544815779784731714922997
1,3341,4011,1441,0951,097969888889971
1,0871,31412271,092984984935835792878859853794789818918834848812814780796793743781771761787713814904826831
Fe-males
225246206313276290372352367361318312338313304374450491484514692713766774759830933
1,1041,1871,0221,026999955869868889981
1,1301,0581,011961952967891814937920936904916891883856903887868786777857880809774771864837840750807791
Bothsexes16-19
779596138128138159142176165171186203194193235249288280318355355379394362377388443441384394383353316331308
390373360
%359329318
328326283343301347331378351332299358340352323292281282300345317319300
Black
Total
906846965
1,3691,3341,3931,3301,3191,5531,7312,1422,2721,9141,8641,8401,6841,5471,5441,5651,7232,0111,8441,666
15601,4261,3091,4951,4791,4681,4441,4201,3971,5121,4191,4251,3811,3861,2611,2811,3261,30612771,2371,2391,4041,2741,3601,3651,3211,309
Males
448395494741698698641636815891
1,1671,2131,003951946826771773806890
1,067971848762808747671626707699676
III640763681666648665601611629588595599583650576648735649644
Fe-males
458451470629637695690683738840975
1,059911913894858776772758833944872818777784813756684788780792787799757749738
721660670697718682638656754698712630672665
Bothsexes16-19
279262297330330354360333343357396392353357347312288300
313300325310302281268283284276258291255296287
i§E291242295281302263234232251258294
8248
Note.—See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
350
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—37.—Civilian labor force participation rate and employment/population ratio, 1950—99[Percent;1 monthly data seasonally adjusted]
Year or month
1950 . .195119521953 . .195419551956 .195719581959 .I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 . .19831984".19851986 .19871988..:198919901991199219931994199519961997199819991998-Jan
Feb . . ..MarAprHayJuneJulyAugsept':....:.::..:::...:::OctNovDec
1999: Jan .FebMarApr .::.:'":..'"::."::MayJune ':::":::::":;":JulyAugsept"....:::...::::..::::OctNOV ::...:::.:.::::::"::Dec
Labor force participation rate
Allcivilianwork-ers
59.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.867.167.167.167.267.267.167.067.067.067.066.967.267.167.167.267.467.367.067.167.067.167.067.067.067.067.067.1
Males
86.486.386.386.085.585.485.584.884.283.783.382.982.081.481.080.780.480.480.179.879.779.178.978.878.777.977.577.777.977.877.477.076.676.476.476.376.376.276.276.476.475.875.875.475.175.074.975.074.974.775.074.974.974.974.874.974.974.675.074.974.974.975.175.074.774.774.674.774.774.674.774.674.674.7
Fe-males
33.934.634.734.434.635.736.936.937.137.137.7
ft8*39.340.341.141.642.743.343.443.944.745.746.347.348.450.050.951.552.152.652.953.654.555.356.056.657.457.557.457.857.958.858.959.359.859.860.060.059.960.059.759.859.859.659.859.959.959.860.060.260.160.060.160.060.160.060.059.960.060.060.0
Bothsexes16-19years
51.852.251.350.248.348.950.949.647.446.747.546.946.145.244.545.748.248.448.349.449.949.751.953.754.854.054.556.057.857.956.755.454.1
54:554.754.755.355.953.751.651.351.552.7
5L652.852.052.952.953.052.052.253.252.452.9
8ilii52.4
52:051.951.451.851.251.5
1!52.3
White
58.258.759.459.158.958.758.8
81K58.458.759.259.359.960.260.160.460.861.461.561.862.563.363.964.164.364.364.364.66eti8166.766.966.666.866.867.167.167.267.567.367.367.467.467.367.267.367.267.167.267.467.367.367.467.567.567.367.467.267.467.367.367.267.267.267.3
Blackand
other
64.064.264.964.464.864.364.5
Sili
If61.860.960.260.560.359.659.860.462.262.261.761.361.662.162.6
8*Si64.764.463.864.663.863.964.364.665.266.065.966.065.966.265.865.566.266.065.765.966.066.166.166.5
Si8f65.865.765.666.166.166.265.9
Black
"59.960.259.858.859.059.861.561.461.060.861.061.562.2
8im64.264.063.363.963.263.463.764.164.765.665.8
65:865.564.8
8i65.4
8i66.065.866.265.865.665.865.765.765.865.566.066.066.065.9
Employment/population ratio
Allcivilianwork-ers
56.157.357.357.155.556.757.557.155.456.056.155.455.5
8$8i57.3
Si57.456.657.057.8
Si56.857.959.359.9
5?:s57.959.5
»Si63.062.861.761.561.762.562.963.263.864.164.364.164.064.064.164.164.064.063.9
Si8164.4
SiSiSi64.264.264.264.364.4
Males
82.084.083.983.681.081.882.381.378.579.378.977.677.777.177.377.577.978.077.877.676.274.975.075.574.971.772.072.873.873.872.071.369.068.870.770.971.071.572.072.572.070.469.870.070.470.870.971.371.671.671.671.671.471.871.671.571.571.471.671.671.871.771.971.771.771.671.571.671.671.571.671.671.671.7
Fe-males
32.0
33332.534.035.135.134.535.035.535.435.635.836.337.138.339.039.640.740.840.441.042.042.642.043.244.546.447.547.748.047.748.049.550.451.452.553.454.354.353.753.854.155.355.656.056.857.157.457.157.157.157.057.157.056.957.057.257.157.057.457.557.457.357.457.557.557.357.457.357.557.557.6
Bothsexes16-19years
45.547.946.946.442.343.545.343.939.939.940.539.139.437.437.3
1!:?42.242.243.442.341.343.545.946.043.344.246.148.348.546.644.641.541.543.744.444.645.546.847.545.342.041.041.743.444.243.543.445.144.745.645.145.245.044.545.344.845.045.744.644.745.544.545.444.644.745.144.444.944.344.044.944.845.1
White
55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.5
If:!Hi56.7
Si60.060.660.060.058.858.960.561.061.562.363.163.863.762.662.462.763.563.864.164.664.764.864.764.764.664.764.864.664.664.664.864.764.764.865.064.964.964.864.764.864.864.864.864.864.865.0
Blackand
other
58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.1
8i51.452.052.554.755.253.652.650.951.053.654.755.456.857.458.257.956.756.456.357.258.158.659.460.961.360.660.660.960.860.461.160.760.760.861.061.261.561.961.160.961.261.461.460.961.261.461.461.661.2
Black
"W54.553.550.150.851.453.653.852.351.349.449.552.353.454.155.6
IB56.755.454.955.056.157.157.458.259.760.659.059.359.759.558.960.159.659.659.560.460.360.661.060.460.460.660.760.760.260.460.660.560.760.7
1 Civilian labor force or civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
351
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-38.—Civilian labor force participation rate by demographic characteristic, 1955-99[Percent;1 monthly data seasonally adjusted]
Year ormonth
195519561957 i...i195819591960 . .196119621963196419651966 .. ..196719681969197019711972 ..LI.!
1972197319741975 .:;::..::::.;19761977197819791980198119821983 ...LI.19841985198619871988198919901991199219931994199519961997199819991998Jan
FebMar ....
fc:June ...July ....
fcNov ....Dec ....
1999-. JanFebMar ....
Jay'IJune ...July ....Aug ....Sept ...OctNovDec
Allcivil-ian
work-ers
59.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.4
60.460.861.361.261.662.363.263.763.863.964.064.0
65.365.665.966.566.566.266.466.366.666.666.867.167.167.167.267.267.167.067.067.067.066.967.267.167.167.267.467.367.067.167.067.167.067.067.067.067.067.1
White
Total
58.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.4
60.460.861.461.561.862.563.363.964.164.364.364.364.665.065.5
66766.966.666.866.867.167.167.267.567.367.367.467.467.367.267.367.267.167.267.467.367.367.467.567.567.367.467.267.467.367.367.267.267.267.3
Males
Total
85.485.684.884.383.883.483.082.181.581.180.880.680.680.480.280.079.679.6
79.679.479.478.778.478.578.678.678.277.977.477.177.177.076.976.876.977.177.176.576.576.275.975.775.875.975.675.675.775.775.675.675.675.575.575.575.775.775.775.775.775.875.675.575.475.575.675.675.575.475.375.4
16-19years
58.660.459.256.555.955.954.553.853.152.754.155.9
IB56.857.557.960.1
60.162.062.961.962.364.065.064.863.762.460.059.459.059.759.359.060.061.059.657.356.956.657.758.557.156.156.656.456.956.857.655.955.856.755.856.6
H56.956.756.356.555.655.857.156.256.5
to56.856.857.0
20yearsandover
87.587.686.986.686.386.085.784.984.484.283.983.683.583.283.082.882.382.0
82.081.681.480.780.380.280.180.179.879.579.278.978.778.578.578.478.378.578.578.078.077.777.377.177.377.577.277.277.277.377.177.277.277.177.277.177.377.377.377.377.477.477.377.277.077.277.277.377.177.076.977.0
Females
Total
34.535.735.735.836.036.536.936.737.237.538.139.240.140.741.842.642.643.2
43.244.145.245.946.948.049.450.551.251.952.452.753.354.155.055.756.457.257.457.457.758.058.959.059.159.559.459.659659.559.559.459.559.3
ti59.659.559.359.559.759.759.659.659.559.659.459.459.359.559.559.7
16-19years
40.743.142.240.139.640.340.639.838.7
to42.642.543.044.645.645.448.1
48.150.151.751.552.854.556.757.456.255.455.054.555.455.256.356.557.257.155.354.152.553.555.155.554.7
to54.555655.555.654.255.555.655.155.756.555.854.055.354.955.455.055.054.253.054.053.754.255.455.154.6
20
Wover
34.035.135.235.535.636.236.636.537.037.538.038.839.840.441.542.242.342.7
42.743.544.445.346.247.348.749.850.651.552.252.553.154.054.955.656.357.257.657.658.158.359.259.259.459.959.759.959.959.859.859.859.859.659.559.759.859.759.759.860.160.059.960.059.960.159.859.959.759.859.960.1
Black and other or black
Total
Males
Total 16-19years
20yearsandover
Females
Total 16-19years
20yearsandover
Black and other
64.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.2
85.185.184.284.183.483.082.280.880.280.179.679.078.577.776.976.574.973.9
60.861.558.857.355.557.655.853.551.549.951.351.451.149.749.647.444.746.0
87.887.887.087.186.786.2
to83.984.183.783.382.982.281.481.480.078.6
46.147.347.148.047.748.248.348.048.148.648.649.449.549.349.849.549.248.8
32.7
3L928.232.932.833.132.631.729.5
to34.834.634.131.232.3
47.548.448.649.849.849.950.149.649.950.751.151.651.651.452.051.851.851.2
Black
59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.8
8ito63.963.263.463.764.164.765.665.8fiS?65.465.865.564.865.865.865.4
66.065.866.265.865.665.865.765.765.865.566.066.066.065.9
73.673.472.970.970.070.671.571.370.370.070.170.670.870.871.271.171.071.071.070.470.769.669.169.068.768.369.068.768868.569.069.368.169.569.968.768.869.569.268.669.968.968.368.368.768.267.968.0
68i869.2
46.345.746.742.641.343.244.943.643.241.639.839.941.744.643.743.643.844.640.737.340.639.540.840.139.537.440.738.638.638.738.238.636.742.144.340.344.5
to41.642.640.741.237.737.336.536.835.437.639.736.840.9
78.578.477.676.075.475.676.276.375.174.574.775.274.874.474.874.774.674.475.074.674.373.272.572.572.372.272.572.472.572.172.873.072.072.973.072.371.873.172.372.073.372.471.772.072.672.171.772.072.372.972.872.6
48.749.349.048.849.850.853.153.153.153.553.754.255.2
58'.058.058.758.357.558.557.958.759.560.461.762.863.562.262.963.162.462.062.962.562.762.563.263.463.463.363.263.463.863.263.664.163.564.063.363.763.3
32.234.233.434.232.932.937.336.834.934.033.533.035.037.939.139.637.940.436.833.535.234.636.339.838.939.942.538.840.939.642.744.042.545.839.343.143.343.841.943.139.940.340.338.837.7
33:539.137.437.938.2
51.251.651.451.152.553.655.555.455.656.056.256.857.6
60!060.160.660.660.060.860.260.961.462.664.064.866.164.465.365.264.364.064.664.864.764.465.265.665.565.665.665.866.365.866.166.766.166.565.966.365.8
1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.-See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.
352
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-39.—Civilian employment/population ratio by demographic characteristic, 1955-99[Percent;1 monthly data seasonally adjusted]
Year or month
19561957195819591960 . .1961196219631964 .19651966196719681969197019711972
19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819991998- Jan
FebMarAprMay...June : : I:IZ...:LJulyAugsept : :od ""..:.:: n:NovDec
1999- JanFebMarAprMay :::.:.:June . .JulyAug .SeptOctNovDec
Allcivil-
work-ers
56.757.557.155.456.0
55l555.455.756.256.957.357.558.057.456.657.0
57.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.5
Hi63.864.164.364 164.064.064.164.164.064.063.964.164.164.164.264.464.364.264.264.264.264.264.264.264.264.364.4
White
Total
56.5
8i55.355.955.955.355.455.355.556.056.857.257.458.057.556.857.4
57.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.7
62.'763.5
8!64.664.764.8M 764.764.664.764.8
SiSi64.764.764.865.064.964.964.864.764.864.864.864.864.864.865.0
Males
Total
82.282.781.879.279.979.478.278.477.777.877.978.378.478.378.276.875.776.0
76.076.5
ft73.474.175.075.173.472.870.670.472.172.372.372.773.273.773.371.671.171.471.872.072.372.772.772.87? 772.772.572.872.772.672.672.672.772.872.972.872.972.973.072.872.772.872.972.872.972.872.772.9
16-19years
52.054.152.447.648.148.145.946.444.745.047.150.150.250.351.149.649.251.5
51.554.354.450.651.554.456.355.753.451.347.047.449.149.949.649.951.752.651.047.246.446.648.349.448.248.148.649.349048.449.148.747.948.548.148.648.348.649.048.848.649.348.548.750.149.549.S48.949.450.049.649.4
20«over
84.785.084.181.882.882.481.481.581.181.381.581.781.781.681.480.179.079.0
79.079.278.675.776.0
Bf77.375.675.173.072.674.374.374.374.775.175.475.173.573.173.373.673.874.274.774.774.874774.774.474.874.874.674.774.674.774.874.974.875.074.975.074.974.574.774.874.874.S74.774.774.8
Females
Total
33.034.234.233.634.0
ft34.735.0
8f37.538.338.940.140.339.940.7
40.741.842.442.043.244.546.347.547.848.348.148.549.850.751.752.853.854.654.754.2
ffi55.8
ft57.057.157.357?57.157.157.157.256.957.057.157.357.157.057.257.457.557.357.257.357.357.257.357.157.357.457.6
16-19years
37.0
35.034.8
»34.832.9
If37.537.737.839.539.5
ffi
41.343.644.342.544.2
ft49.447.946.244.644.547.047.147.949.050.250.548.345.944.245.747.548.147.647.249.348.350649.949.648.449.749.049.549.350.648.747.649.348.649.148.848.648.446.748.147.847.8
tt48.7
20yearsandover
32.733.833.933.534.034.534.534.735.235.836.537.538.339.140.140.440.140.6
40.641.642.241.943.144.446.147.347.848.548.448.950.051.052.053.154.054.955.254.854.955.256.456.757.057.857.758.057757.757.757.757.857.557.557.657.857.757.757.858.158.157.957.857.9
fttt58.058.058.2
Black and other or black
Total
Mates
Total 16-19years
20yearsandover
Females
Total 16-19years
20Wover
Black and other
58.759.559.356.757.557.9
fH56.257.057.858.458.258.058.156.854.954.1
77.678.477.272.573.874.171.772.071.8
$74.0
73i372.870.9
ft
52.752.248.042.041.443.841.041.737.437.839.440.538.838.739.035.531.832.4
80.481.380.576.077.677.975.575.776.277.778.779.279.478.978.476.874.273.2
42.243.043.742.843.243.642.642.742.743.444.145.145.045.245.944.943.943.3
26.428.026.522.820.324.823.223.121.321.820.223.124.824.725.122.420.219.9
43.944.745.545.045.745.844.844.945.246.147.348.247.948.248.948.247.346.7
Black
53.754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.755.454.955.056.157.157.458.259.760.6
59>59.558.960.159.659.659.560.460.360.661.060.460.460.660.760.760.260.460.660.560.760.7
66.867.5m60.661.4
8260.459.156.056.3a;8162.762.862.661.3
8i60.861.761.161.462.963.16??62.062.863.262.463.762.962.562.763.663.263.264.463.363.062.963.363.062.162.862.7
8i63.4
31.632.831.426.325.826.428.528.727.024.620.320.423.926.326.528.529.430.427.723.823.623.625.425.224.923.728.426.726725.627.628.824.632.231.028.230.126.129.930.128.428.027.825.726.926.025.524.926.225.725.429.6
73.073.771.966.566.867.569.169.165.864.561.461.664.164.665.166.467.167.067.165.964.364.365.066.165.566.167.167.566666.567.167.567.167.666.866.866.868.267.367.368.867.667.467.567.867.666.667.567.267.367.767.5
43.043.843.541.642.843.345.846.045.745.144.244.146.748.148.850.351.252.051.950.650.850.952.353.454.455.657.258.656.357.157.256.656.157.256.957.256.957.858.058.658.358.158.258.858.658.858.658.458.958.758.858.5
19.222.020.920.219.218.522.122.421.019.717.717.020.123.123.825.825.827.125.821.522.121.624.526.127.128.531.829.029.329.230.632.630.734.928.431.832.433.432.534.930.230.229.229.629.230.729.328.226.827.628.029.4
46.547.246.944.946.447.049.349.349.148.547.547.449.850.951.653.053.954.654.7
8f53.855.056.157.158.459.761.559.059.959.959.058.659.559.859.859.360.360.661.061.261.061.161.761.661.661.661.562.161.961.961.4
'Civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
353
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B--40.—Civilian unemployment rate, 1950-99[Percent;1 monthly data seasonally adjusted]
Year or month
19501951 .. .19521953195419551956195719581959I9601961196219631964196519661967196819691970197119721973197419751976 . .19771978197919801981 ..!' '....!'19821983 ..198419851986 . . ..198719881989199019911992 ...1 ! !199319941995 .!"!..;!".I199619971998 "I!!!"'.!""1999 ...:......:....:1998:Jan
FebMarApr{fayJuneJulyAugSepttotNovDec
1999-. JanFebMar
ftlay ""IJuneJuly&NovDec
Allcivilianwork-ers
5.33.33.02.95.54.4414.36.85.55.5675.55.75.24.53.83.8U3.54.95.95.64.95.6857.77.16.1587.17.69.79.67.57.2706.25.55.35.66.87.56.96.15.65.44.94.54.24.74.64.74.34.44.54.54.54.54.54.44.44.34.44.24.34.24.3
tl4.24.14.14.1
Total
512.878?85.34.23.84.1685.25.4645.25.2464.03.231292.84.45.35.04.24.979
!i5.3516.97.4999.97.4706.96.25.55.25.77.27.97.26.25.65.44.94.44.14.54.54.74.24.34.44.54.44.54.34.24.34.24.34.04.14.24.14.14.14.04.14.04.0
Males
16-19
years
1?78.18979
13.511611.112.417.115.315.317114.717.215814.111.71?311611.415.016.615.913.915.6?0119.217.315.815918.320.124.423.319.619 s19.017.816.015.916.319.821.520.419.018.418.116.916.214.715.816.916.314.216.416.016.316.117.116.716.116.016.414.915.014.813.914.313.813.914.614.214.915.2
20
ffover
472.52.4?54.93.83.43.66?4.74.7574.64.5393.22.5?32 22.13.54.44.03.33.8685.95.24.3425.96.38.88.96.66?615.44.84.55.06.47.16.45.44.84.64.23.73.5
uH3.63.73.83.73.73.63.53.63.53.73.33.53.63.53.53.53.4y3.3
Total
574.436336.04.94.84.76.85.95.97.26.26.56.25.54.85.2484.75.96.96.66.06.7<n8.68.27?687.4799.4927.67.4716.25.65.45.56.47.06.66.05.65.45.04.64.34.84.84.84.64.54.64.54.64.54.74.64.44.44.44.54.64.24.44.44.34.3
34.1
Females
16-19
years
1148.3807?
11.410.211210.614.313.513.916.314.617.216615.714.113.514013.315.617.216.715.316.619718.718.317116417.219021.921318.017.617615.914.414.014.717.518.617.516.216.115.215.012.913.211.812.313.312.712.913.712.713.612.614.513.311.813.713.413.413.412.213.012.613.214.713.413.012.2
20yearsandover
514.03.2?9554.4424.16.15.25.16.35.45.45.24.53.84.2383.74.85.75.44.95.5807.47.060576.4688.3816.86.6625.44.94.74.95.76.35.95.44.94.84.44.13.84.44.24.24.04.04.03.94.04.04.04.03.93.83.83.94.03.73.83.9
83.53.63.6
Rnth
sexes16-19years
12.28.28.576
12.611.011111.615.914.614.716.814.717.216.214.812.812.912712.215.316.916.214.516.019919.017.816.416117.819.6
22 418.918.618316.915.315.015.518.720.119.017.617.316.716.014.613.913.814.714.813.514.714.914.614.914.915.614.814.015.114.214.214.113.113.613.213.514.613.814.013.8
White
4.93.12.877503.9363.8614.85.06.04.95.04.64.13.43.4323.14.55.45.14.35.0787.06.25.2516.36.78.6846.56.2605.34.74.54.86.16.66.15.34.94.74.23.93.74.04.0H3.83.93.83.93.93.93.83.83.83.83.63.83.73.83.73.73.63.53.53.5
Blackand
other
905.35.44.59.98.78.37.9
1?610.710.21?410.910.8968.17.37.4676.48.29.9
10.09.09.9
13813.113.111911313.114217.317814.413.713111.610.410.010.111.112.711.710.59.69.38.87.87.08.28.18.17.77.77.78.17.67.87,67.57.06.97.37.27.06.86.77.26.87.27.27.17.0
Black
"'10.49.4
10.514814.014.012.812314.315.618.919515.915.114513.011.711.411.412.514.213.011.510.410.510.08.98.09.59.39.29.19.08.79.48.98.98.58.67.8
38.07.87.67.68.67.88.38.38.07.9
Experi-
wageand
salaryworkers
6.03.73.43.26.24.84.44.67.35.75.76.85.65.65.04.3
ii343.34.85.75.34.55.3827.36.656556.97.39.3927.16.8665.85.25.05.36.67.26.65.9
fi4.74.34.04.54.44.54.14.34.34.34.44.44.34.24.14.14.14.14.24.14.14.14.04.03.93.93.9
Marripri
men,spouse
present2
4.61.51.41.74.02.6232.85.13.63.74.63.6
2.82.41.91.8161.52.63.22.82.32.7514.2
28284.2436.565464.3443.93.3303.44.45.14.43.73.33.02.72.42.22.52.52.52.22.32.32.3
232.32.32.32.32.42.12.32.32.22.32.32.22.22.12.2
Womenwho
main-tain
families
4.9444.45.47.37.27.17.0
10010.19.485839.2
10411.712210310.4989?8.1818.39.3
10.09.78.9
!iH6.47.77.57.57.57.57.06.96.87.56.96.96.36.36.56.67.16.06.56.46.36.46.06.06.2
1 Unemployed as percent of civilian labor force in group specified.2 Data for 1950 are for March; data for 1951-54 are for April.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
354
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B--41.—Civilian unemployment rate by demographic characteristic, 1955-99[Percent;1 monthly data seasonally adjusted]
Year or month
19551956 :19571958 ..."":195919601961 .19621963196419651966196719681969197019711972
1972197319741975197619771978 .....1979198019811982198319841985198619871988198919901991 ::.:19921993 ::::.::: ::::::19941995199619971998 .19991998: Jan
FebMar
JuneJuly .::::.:AueSeptOct...""NovDec
1999- JanFebMarAprHay ..:::::::....JuneJulyAug .SeptOctNovDec
AHcivil-ian
work-ers
4.44.14.36.85.555675.5575.24.5383.83.635495.9f i6
5.64.95.6857.7716.15.87.1769.7967.57?706.2555.35.66.87.56.96.1565.44.94.5424.74.64.7434.44.54.5454.54.54.444434.44 2434.2434.34.24.24.14.14.1
Total
3.93.63.86.14.8506.04.9504.64.1343.43.2314.55.451
5.143
7.0625.25.16.3678.6846.5676.05.3474.54.86.16.66.15.3494.74.23.9374.04.04.1373.83.93.8393.93.93.838383.8363.83.7383.73.7363.53.53.5
Total
3.73.43.66.14.648574.647413.6282.72.625404.94.5
4.53.84.4726455464.56.1658888646.1605.4474.54.96.57.06.35.4494.74.23.936
84.1363.83.93.9384.03.93.738373.835363.737363.73.5343.43.4
Mates
16-19years
11.310.511.515.714.014015713.715914712.910510.710.110013715.114.2
14.212.313.518317.315013513.916.217921.720216.816.516315.513913.714.317.618.517.716.315615.514.314.112613.814.814.813014.214.613.814114.514.113.813813812.612812612.212011712.312.711912.813.3
White
20yearsandover
3.3303.25.54.14 2514.039342.97?2.12.019324.036
3.6303.562S44 7373.65.3567879575.4534.8413.94.35.86.45.74.8434.13.63.230
83.4303.1
832
83.132313.32 9303.132313.279292.82.8
Total
4.34.2
85353655.55 55.0434.64.342546.35.9
5.95.36.1867973625.96.569n796?6.4615.2474.54.75.66.15.75.2484.74.23.9384.04.04.1383.83.93.8403.84.03.939383.838413.739383.73.7363.63.5
Females
16-19years
9.19.79.5
12.712.012714812.815114914.012111.512.111513415.114.2
14.213.014.517416.415914414.014.81661901831??14.814913.412311.512.615.215.814.713.813412.917810.91139.0
10.110.810710.511.910.111610.512.811.810911511.411211610.612011111.011.911711.210.9
20yearsandover
3.93.7
84.746574.748464.0
3.83.4344.45.349
4.9435.1756.86.2525.05.659n69585.7544.64.14.04.15.05.55.24.6434.1
3.433
83.6343.33.43.3353.33.43.434333.33 63 334333.23.2313.13.0
Total
8.78.37.9
12.610.710217410.91089.68.1737.46.7648.29.9
100
10.494
10.514814.014012812.314.315618919515915.114513.011711.411.412.514.213.011.510.410.510.08.980
89.2919.08.79.4898.98.58.678788.280787.6768.67.8838.38.07.9
Total
8.87.9
1811.510717810.9105897.4636.05.653739.189
9.38.09.8
14813713311811.414.515770120316415.314812.711711.511.913.015.213.812.010611.110.28.982
89.0§7
.48.4
10.0908.88.58.779798.278797.877867.68.5958.48.3
Males
16-19years
Blac
13.415.018.426.825.2240268
27 324.323.321323.922.121425.028.8797
31.777833.138137.539236734.237.540748948842741.039334.432731.931.936.342.040.137.637.136.936.530.1309
Si27.725333.023.530.130032.234.532.527633331.2
32 027.928830.729.630335.331.027.5
d other
20yearsandover
. k a n d o
8.47.47.6
12.710.596
11710.092776.0494.33.937567.36.9
Black
7.06.07.4
1251141079393
12413517818114313.212911.110110.010.411.513.512.110.3889.48.57.4678.17.87.8766.87.48.5767.06.7£.965616.7
6 36.664726.37.1777.07.0
or black
Total
ther
8.58.9
10:89.494
11911.011210.79.2879.18.3789.3
10.911.4
11.811.111.314814.314913813314015617618615414.914213.211711.410.912.013.212.111.010210.09.99.078
89.4949.69.08.9879.08.68.477788.183787.4758.68.08.17.27.77.6
Females
16-19years
19.222.820.228.427.724829.230.234731.631.731329.628.727634.535.4384
40.536.137.441041.643440839139842247148242639.239234.932033.029.936.037.2
32-jj30.328.725.3251
to28.425927.723.927.626325.123.822.319124525.027623822.521223.426.731.426.125.923.0
20yearsandover
7.77.8
88.383
1069.694907.5667.16.3586.98.788
9.0868.8
12211712311210911913415416513513.112411.61049.89.7
10.611.810.79.8868.78.87.968
88.1838.47.97.8757.97.57.569677.071696.567776.96.7616.66.7
1 Unemployed as percent of civilian labor force in group specified.Note.-See Note, Table B-40.Source: Department of Labor, Bureau of Labor Statistics.
355
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-42.—Unemployment by duration and reason, 1950-99[Thousands of persons, except as noted; monthly data seasonally adjusted1]
Year or month
19501951 :::::::::::::::::::::195319541955
19581959I96019611962
19S519661967 2 ..!"'."!...'....'19681969197019711972197319741975 ...197619771978 ..19791980198119821983 '...'...'.19841985198619871988198919901991 ..199219931994199519961997199819991998: Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1999- JanFebMarAprMayJuneJulyAugSeptOctNovDec
Unem-ploy-ment
3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,85247143,9114,0703,786m2,9752,8172[8324,093m887,9297,406
6!l377,637m10,7178,5398,3128,23774256,7016,5287,0478,6289,61389407,9967,4047,2366,7396,2105,8806,4066,3526,47959616,0516,2156,2026,18462346,2396,0746,0286,0076,1085,82860325,8235,9345,9375,8425,82557575,7365.688
Duration of unemployment
Lessthan
weeks
1,4501,1771,13511421,6051,3351,4121,408
m1,7191,80616631,7511,6971,6281,5731,6341,5941,6292,139
B8m•29402,84429192,8652,9503,29534493,8833,57033503,4983,4483,2463,0843,1743,2653,4803,3763,2622,7282,7002,633
215682,5502,5842,83625982,6392,5562,5862,6212,6162,8292,5252,5732,3972,5852,5212,7412,5022,5402,6402,5992,5822,5452,6012.620
5-14weeks
1,055574516482
1,116815805891
1,396i;i!41,1761,3761134
iif!ffl893810827
1,2901,58514721,3141,5972|484
l|9231,9462,4702,5393,3112,93724512,5092,5572,1962,0071,9782,2572,7912,83025842,4082,3422,2872,1381,9501,8321,9321,9121,9641,9281,9842,0641,99819571,9591,8731,9781,8842,0121,9251,8841,8681,8321,7751,7781,7981,8051,8111,7601.694
15-26weeks
425166
18495366301321785469503728534
8f8271256242428668601483574
1,3031,018913766706
1,0521,1221,7081,6521,1041,0251,045943801730822
1,2461,4531,2971,2371,0851,053995763755824837852620663820762804730730745759776754
8784806779747708719725693
27weeksandover
3571378478317
1239667571
88482351239177156133235519566343381
1,2031,3481028648535820
1,1621,776m1,2801,1871,040
8703
1,1111,9541,7981,6231,2781,2621,067875725
1,009958915862841793824
860813715785715680735828732716704715676695
Average(mean)dura-tion
(weeks)
12.19.78.48.011.813.011.310.513.914.412.815.614.714.013.311.810.48.78.47.88.611.312.0•a14.215.814.311.910.811.913.715.620.018.215.615.014.513.511.912.013.717.718.018.816.616.715.814.513.415.615.314.614.614.814.014.213.814.414.014.414.013.513.813.613.213.414.313.513.213.013.213.012.8
Mediandura-tion
(weeks)
2.34.54.44.96.36.25.25.28.48.27.05.95.46.56.98.710.17.96.86.96.55.94.85.36.88.78.39.28.38.38.06.76.47.37.06.86.66.06.86.86.76.75.96.76.86ei6.86.16.66.35.86.45.96.36.25.9
Reason for unemployment
Job losers3
Total
1,22910701,0171,811
im1,6942,2424,3863,6793,1662,5852,6353,9474,26762686,2584,4214,1394,03335663,0922,9833,3874,6945,3894,8483,8153,4763,3703,0372,8222,6222,8362,815303226942,8322,81828012,8012,8502,8162,7492,7952,70827212,6462,6952,6782,6702,6702,6292,5732,5182,4932.401
Onlayoff
8339675735582472746
1,671
«712851
1,4881,4302,1271,7801,1711,1571,090943851850
12601,115977
1,0301,021
8848860839989722829838924903887874831865863854833843837876847893869802851795
Other
836736678
1,1371,5881,52612211,4952,7142,6282,3001,8731,7842,4592,8374,1414,478mmm2,3593,4024,1293,7332,83824462,3492,1061,9571,7741,9761,9762,0431,9722,0031,9801,8771,89819631,9421,9181,9301,8451,8671,8131,8521,8411,7941,8231,7361,7041,7161,6421.606
Jobleav-ers
438431436550590641
$827903909874880891
Ili830823877
1,015965983
1,0241,0411,0041,002976791824774
8783819774741621743731773731742743668719
774810781831768
8778821825
Reen-trants
945909965
m1,4561,3401,4631,8921,9281,9631,8571,8061,9272,1022,3842,4122,18422562,1601,9741,8091,8431,9302,1392,28521982,7862,5252,5122,3382,1322,0052,2322,1902,2032,1102,0762,0952,0622,1682,1602,1442,1421,9942,0092,0902,0072,0392,0342,0382,0031,9421,9671,958
New
trants
396407413504630677649681823
817872981
1,1851,2161,1101,039
«816677688792
91960579580569520469509528555522525524508509472562522503519498446473440359459481504511485453
1 Because of independent seasonal adjustment of the various series, detail will not add to totals.2 Data for 1967 by re a son for unemployment are not equal to total unemployment,beginning January 1994, job losers and persons who completed temporary jobs.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.
356
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-43.—Unemployment insurance programs, selected data, 1967-99
Year or month
19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 .19901991199219931994 .19951996199719981999/>
1998- JanFebMarApr•Jay : :.June . .. .JulyAug I::::::::::::::::":SeptOct.:::::::::::::::::::::::NovDec
1999: JanFebMarAprNTay . .. ,JuneJulyAug .SeptOctNovDec*
All programs
Covered
TfflrInsured
unemploy-ment
(weeklyaver-
age)"
Thousands
56,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993,3009162891,89896,47499,186
101,099103,936107,156109,929111,500109,606110,167112,146115,255118,068120,567123,8137 126,691
1,2701,1871,1772,070
88@4,9373,8463,3082,6452|5923,8373,4104,5923,7742,5602,6992,7392,3692,1352,2052,5753,4063,3482,8452,7462,6392,6562,3702,2602,222
2,7592,7792,7942,2531,9952,0752,21022261,84617142,0622,3262,8672,7732,7322,2172,1052,1292,0642,1751,7821,7541,9432.053
Totalbenefits
paid,-ions
dollars)24
2,2222,1912,2994,2096,1545,4914,5176,934
16,80212,34510,9999,0079,401
16,17515,2872449121,0001383815,28316,6701492913,69414,94818,72126717
826,460«22,950
22,84422,38622,91520,71520,31920i471
2,005.31,936.62,124.41,741.31,428.01,518.61,725.01,567.41,413.1\m1,872.02,106.52,075.22,381.91,792.11,570.41,699.01,608.31699.21,456.61,333.91,533.61.761.0
State programs
Insuredunem-
&Initialclaims
Exhaus-tions5
Weekly average,- thousands
1,2051,1111,101
881,8481,6322,2623,9862,9912,655
88884,0593,3952,4752,6172,6432,3002,0812,1582,5223,3423,2452,7512,6702,5722,5952,3232,2222,187**2,2502,1972,1702,1362,1122,2352,3722,2302,166
882,2622,2702,2282,1772,1822,1852,2132,2242,2022,1802,1322,1282.132
226201200296295261247363
8a388488460583438377397
SI$&388447408341340357356323
i**316309308311316353
fofffl320323319291295
iS§305296287293289287285
171616
352937
1395957
495246
%456774625751
114444
4845474744434443
84045484547464645454640394140
Insuredunemploy-ment aspercent
ofcoveredemploy-
ment
2.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.63.92.82.92.82.4a2.43.23.12.62.52.32.32.01.8L8
1.91.91.81.81.81.92.01.91.81.81.91.91.91.81.81.81.81.81.81.81.81.71.71.7
Benefits paid
Total(millions
ofdollars)4
2,0922,0322,1283,8494,9574,4714,0085,975
11,7558,9758,3577,7178,613
20;&4917,78712,61014,13115,32913,60712,56513i76017,35624,52623,86920,53920,40120,12520,64518,58718,66518,725
1,959.31,893.72,077.11,697.01,389.41,478.81,691.51,532.21,377.81,248.41,399.01,822.22,057.82,032.22,336.91,757.21,540.01,666.81,577.71,662.51,423.71,300.91,495.81.722.3
Averageweeklycheck
(dollars)6
41.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95
106.70119.34123.59123.47128.14135.65140.55144.97151.73161.56169.88173.64179.62182.16187.04189.27192.84200.29211.81
198.15200.75200.96198.73198.51197.40200.25198.45200.78201.94203.05204.71210.01213.05213.81210.69210.99209.76208.05208.81212.10215.36214.43215.03
** Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955), RRB (Railroad Retirement Board) programs, and UCX(unemployment compensation for ex-servicemembers, effective October 1958) programs.2 Includes State, UCFE, RR, UCX. UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA (Servicemen's Re-adjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefit programs. Does not includeFSB (Federal supplemental benefits), SUA (special unemployment assistance), Federal Supplemental Compensation, and Emergency Unemploy-ment Compensation programs, except as noted in footnote 8.3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.6 For total unemployment only.7 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage and salaryearners.
'Including Emergency Unemployment Compensation and Federal Supplemental Compensation, total benefits paid for 1992 and 1993 wouldbe approximately (in millions of dollars): for 1992, 39,990 and for 1993,34,876.
Note.—Insured unemployment and initial claims programs include Puerto Rican sugar cane workers beginning 1963.Source: Department of Labor, Employment and Training Administration.
357
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1950-99[Thousands of persons; monthly data seasonally adjusted]
Year or month
1950195119521953195419551956195719581959I9601961196219631964196519661967 . ..19681969 .. .19701971197219731974 .. ..1975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999* . . . .1998-Jan
FebMarAprMay "z.z..:z"Z7z :"JuneJulyAug '".sept.: :'.Oct :....:..Z.Z:.NovDec
1999: JanFebMarAprwfav'.: : z::..:::z::::::z::::"::JuneJulyAug zi.zzzzzzz :Septocf "i. i. :rr ri.Nov/>Dec*
Total
45,19747,81948,79350,20248,99050,64152,36952,85551,32253,27054,18953,99955,54956,65358,28360,76363,90165,80367,89770,38470,88071,21173,67576,79078,26576,94579,38282,47186,69789,82390,40691,15289,54490,15294,40897,38799,344
101,958105,209107,884109,403108,249108,601110,713114,163117,191119,608122!690125,826128,610124,580124,773124,961125,220125,478125,689125,808126,170126,361126,567126,841127,186127,378127,730127,813128,134128,162128,443128,816128,945129,048129,332129,554129.869
Goods-producing industries
Total
18,50619,95920,19821,07419,75120,51321,10420,96719,51320,41120,43419,85720,45120,64021,00521,92623,15823,30823,73724,36123,57822,93523,66824,89324,79422,60023,35224,34625,58526,46125,65825,49723,81223,33024,71824,84224,53324,67425,12525,25424,90523,74523,23123,35223,90824,26524,49324,96225,34725,24025,35525,36625,36725,41825,37925,38125,24025,34425,33325,30625,29825,35425,31525,32925,28525,28825,19925,18025,24725,14825,18625,19825,26025.277
Mining
901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958
1,0271,1391,128
952966927777717713692709689635610601581580596590535606606605600595593588585583578574570560553550538531526528524527528527529
Construc-tion
2,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9043,9464,3804,6684,8104,9585,0985,1715,1204,6504,4924,6684,9865,1605,4185,69159856,2735,8795,8855,8795,9435,9325,9625,9906,0056,0096,0426,0856,1736,170
6,2776,2396,2586,2706,2466,2936,3146,3696.385
Manufacturing
Total
15,24116,39316,63217,54916,31416,88217,24317,17615,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78018,43219,37219,24818,94718,99919,31419,39119,07618,40618,10418,07518,32118,52418,49518,67518,77218,43218,87018,87518,88318,87518,85218,82618,66218,75418,74118,68618,63918,61118,585
iffl18,47318,42918,39618,44918,37818,36618,35618,36418.363
Durablegoods
8,0669,0599,320
10,0809,1019,5119,8029,8258,8019,3429,4299,0419,4509,5869,785
10,37411,25011,40811,59411,86211,17610,60411,02211,86311,89710,66211,05111,57012,24512,73012,15912,08211,01410,70711,47611,45811,19511,15411,36311,39411,10910,56910,27710,22110,44810,68310,78911,01011,17010,98611,21911,22911,23711,23811,22511,21011,06611,17711,15911,12811,09211,07411,05011,02711,01410,99310,97110,96011,01510,97510,95910,95210,95810.959
Nondura-ble goods
7,1757,3347,3137,4687,2137,3707,4427,3517,1447,3337,3677,2857,4037,4107,4897,6887,9638,0398,1878,3048,1908,0198,1298,2918,1817,6617,9468,1128,2598,3108,1278,0897,7667,7257,89677907,7527,8457,9517,9977,9687,8377,8277,8547,8737,8417,7067,6657,6027,4467,6517,6467,6467,6377,6277,6167,5967,5777,5827,5587,5477,5377,53575117,4897,4807,4587,4367,4347,4037,4077,4047,4067.404
See next page for continuation of table.
358
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1950—99—Continued[Thousands of persons; monthly data seasonally adjusted]
Year or month
1950 . .19511952 :..:....1953. .1954 ! ..!19551956 .1957 '.19581959 "".T".TI960196119621%3
1965 ~~'.196619671968196919701971 ' '19721973197419751976197719781979198019811982 .'"."'.198319841985.19861987.1988 '..198919901991 . . .199219931994::;:199519961997 .. .19981999*1998: Jan
FebMarAprfTayJuneJulyAugSeptOctNovDec .. ..
1999: JanFebMarApr{fayJuneJulyAugSeptOctNov*Dec*
Service-producing industries
Total
26,69127,86028,59529,12829,23930,12831,26431,88931,81132,85733,75534,14235,0983601337,27838,83940,74342,49544,15846,02347,30248,27650,00751,89753,47154,34556,03058,12561,11363,36364,74865,65565,73266,82169,69072,54474,81177,28480,08482,63084,49784,50485,37087,36190,25692,92595,11597,727
100,480103,37099,22599,40799,59499,802
100,099100,308100,568100,826101,028101,261101,543101,832102,063102,401102,528102,846102,963103,263103,569103,797103,862104,134104,294104,592
Transpor-tation and
publicutilities
4,0344,2264,24842904,0844,1414,2444,2413,976410114,0043,9033,9063903319514,0364,1584,2684,3184,4424,5154,4764,5414,65647254,5424,5824,7134,9235,1365,1465,165508149525,1565,2335,2475,36255125,6145,7775,7555,7185,8115,9846,13262536,4086,6006J916,5056,5286,5456,5596,5776,5896,6066,6256,6376,6576,671£6846,7086,7236,7326,7506,7586,7816,7996,81368316,8416,8606,892
Wholesaletrade
2,6432,7352,8212,8622,8752,9343,0273,0372,9893,0923,1533,1423,20732583,3473,4773,6083,7003,7913,9194,0064,0144,1274,2914,4474,4304,5624,7234,9855,2215,2925,3755,2955,2835,5685,7275,7615,8486,0306,1876,1736,0815,9975,9816,1626,3786,48266486,8317,0036,7556,7676,7806,7986,8146,8266,8366,8466,8716,8766,8916,9016,9246,9376,947
tffi6,9937,0127,0317,0417,0647,0667,082
Retailtrade
6,7437,0077,1847,3857,3607,60178317,8487,7618,0358,2388,1958,35985208,8129,23996379i906
11,03411,33811,82212,31512,5391263013,19313,79214,55614,97215,01815,17115,15815,58716,51217,31517,88018,42219,02319,47519,601
19135619,77320,50721,18721,59721,96622,29622,78422,14222,14922,15522,17722,23722,25722,3212235322,38222,39222,44322,52522,55622,64822,61122,72422,74822,79622,90322,8882286222,89122,88722,952
Finance,insurance,and realestate
1,8881,9562,0352,1112,20022982,38924382,4812,5492,6282,6882,7542,8302,9112,977
ISm3,6453,7723,9084,04641484,1654,2714,4674,7244,9755,1605,2985,3405,466m.ts6,6306,6686,7096,6466,6026,7576,8966,8066,9117,1097,4077,6337,2587,2827,31773487,3747,4007,4307,4457,4677,49475207,5427,5707,5817,5957,61176217,6367,6477,6507,65376687,6787,690
Services
5,3565,5475,69958355,9696,2406,497
t£7,0877,3787,6197,9828,2778,6609,0369,498
10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30216,25217,11217,8901861519,02119,66420,74621,92722,95724,11025,50426,90727,93428,33629,05230,19731,57933,11734,45436,04037,52638,99936,90537,0033710337,19437,33437,46037,57637,68837,78037,92938,07038,20738,31338,45838,55638,69738,78238,95239,05539,20539,25739,43339,54539,654
Government
Total
6,0266,3896,6096,6456,7516,914
m78398,0838,353
9159610,0741078411,39111,83912I19512,55412,88113,33413,73214,17014,68614,87115,12715,67215,94716,241m15,86916,0241639416,69317,01017,38617,77918,30418,40218,64518,8411912819,30519,41919,55719,81920,16019,66019,6781969419,72619,76319,77619,79919,86919,89119,91319,94819,97319,99220,05420,08720,09920,07720,10520,15320,21020,21820,237
Federal
1,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,358m25642,7192,7372,7582,7312,69626842,6632,7242,748m2,7532,7732,86627722,7392,7742,8072,8752,8992,9432,9712,9883,0852,9662,9692,9152,8702,82227572,6992,6862,6692,6802,6772,6742,6752,6752i6772,6752,68826892,71127232,7012,7022,7132,7102,6882,6662,6642,6562,65126542,64326462,652
State andlocal
4,0984,0874,1884,3404,5634,7275,069m5,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,823
10,18510,64911,06811,44611,93712,13812,39912,91913,17413,3751325913,09813,09613,21613,51913,79414,06714,41514,79115,21915,43615,67615,92616,25716,4841666216,85717,13317,49116,98017,00117,02017,05117,08817,09917,12417,18117,20217,2021722517,27217,29017,34117,37717,41117,41117,44117,49717,55917,56417,59417,61217,670
Note (cont'd).—which count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if theyare not paid for the time off; and which are based on a sample of the working-age population. For description and details of the variousestablishment data, see "Employment and Earnings."
Source: Department of Labor, Bureau of Labor Statistics.
359
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-45.—Hours ami earnings in private nonagricultural industries, 1959-991
[Monthly data seasonally adjusted]
Year or month
195919601961 . .196219631964196519661967
196919701971197219731974197519761977197819791980 .19811982198319841985198619871988198919901991199219931994 . .1995199619971998imp1998- Jan
FebMarAprMayJuneJulvAug :::::::::::::::::::::::::::::::Septoct : r.:."...™".NovDec
1999- JanFebMarAprtfay ". 'T..T.JuneJulyAug "'"".SeptOctNowDec*
Average weekly hours
Totalprivate
39.038.638.638.738.838.738.838.638.0
ft37.136.937.036.936.536.136.136.035.835.735.335.234.835.035.234.934.834.834.734.6
Si34.434.534.734.534.434.634.634.534.834.734.634.634.734.634.634.634.534.634.634.634.634.634.534.434.434.534.534.534.4
Si34.5
Manufacturing
Total
40.3
40440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.540.741.041.141.040.840.741.041.442.041.641.642.041.741.742.242.041.841.641.841.841.741.741.641.741.741.741.641.641.541.641.741.741.941.841.841.841.741.7
Over-time
2.7
ii2.82.83.13.63.93.43.63.63.02.9
s!s3.32.63.13.53.63.32.82.82.33.03.43.3
8il3.63.63.84.14.74.4
34.64.64.94.84.84.64.64.64.64.54.54.54.54.54.54.54.54.34.64.74.74.74.74.74.64.7
Average hourly earnings
Total private
Currentdollars
$2.022.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.166.667.257.688.028.328.578.768.989.289.66
10.0110.3210.5710.8311.1211.4311.8212.2812.7813.2412.5412.6012.6412.6912.7312.7612.8012.8512.8812.9112.9412.9813.0413.0613.1113.1413.1813.2413.2813.2913.3513.3913.4013.46
1982dollars2
$6.696.796.887.077.177.337.527.627.727.897.988.038.218.538.558.288.128.248.368.408.177.787.697.687.797.807.777.817.737.697.647.527.457.417.397.407.397.437.557.757.867.667.697.727.737.747.757.767.787.807.807.807.817.837.847.867.837.857.897.887.877.867.877.877.88
Manu-fac-
turing(currentdollars)
$2.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.199.549.739.91
10.1910.4810.8311.1811.4611.7412.0712.3712.7713.1713.4913.9113.3813.4113.4513.4513.4813.4813.4613.5313.5813.5713.5813.6013.6413.6713.7113.7913.8513.9514.0214.0314.0414.0714.0714.10
Average weekly earnings, total private
Level
Currentdollars
$78.7880.6782.6085.9188.4691.3395.4598.82
101.84107.73114.61119.83127.31136.90145.39154.76163.53175.45189.00203.70219.91235.10255.20267.26280.70292.86299.09304.85312.50322.02334.24345.35353.98363.61373.64385.86394.34406.61424.89442.19456.78436.39437.22437.34439.07441.73441.50442.88444.61444.36446.69447.72449.11451.18451.88452.30452.02453.39456.78458.16458.51459.24461.96462.30464.37
1982dollars2
$260.86261.92265.59273.60278.18283.63291.90294.11293.49298.42300.81298.08303.12315.44315.38302.27293.06297.37300.96300.89291.66274.65270.63267.26272.52274.73271.16271.94269.16266.79264.22259.47255.40254.99254.87256.73255.07255.73261.31268.32271.25266.42266.92267.00267.40268.53268.23268.57269.30268.98269.90270.04270.39270.98271.40271.33269.22270.04272.05271.91271.47270.30271.58271.46271.88
Percent changefrom year
earlier
Currentdollars
4.92.42.44.03.03.24.53.53.15.86.44.66.2
il6.45.77.37.77.88.06.98.54.75.0aH3.03.83.32.52.72.83.32.23.14.54.13.35.24.53.84.44.64.64.63.93.83.93.53.83.43.43.42.92.63.53.53.13.33.43.33.4
1982dollars2
4.2
L43.01.72.02.9.8
-.21.7.8
-.91.74.1-.0
-4.2-3.0
1.51.2-.0
-3.1-5.8-1.5-1.2
2.0.8
-1.3
-1.0-.9
-1.0-1.8-1.6-.2-.0
-16
2l22.71.13.73.32.73.03.03.13.12.52.62.62.12.31.71.71.6
!61.41.2.8
:e.6
1 For production or nonsupervisory workers; total includes private industry groups shown in Table B-44.2 Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982=100 base.Note.-See Note, Table B-44.Source: Department of Labor, Bureau of Labor Statistics.
360
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-46.—Employment cost index, private industry, 1980-99
Year andmonth
December:1980198119821983198419851986198719881989199019911992199319941995199619971998
1999: MarJuneSept ZDec
1998: MarJuneSeptDec
1999: MarJuneSeptDec
December:19801981198219831984198519861987 :.:::.::.19881989199019911992199319941995 Z..1199619971998
1999: MarJuneSeptDec
1998: MarJuneSeptDec
1999: MarJuneSeptDec
Total private
Totalcom-pen-
sation
Wagesandsala-ries
Bene-fits i
Goods-producing
Totalcom-pen-
sation
Wagesandsala-ries
Bene-fits1
Service-producing
Totalcom-pen-
sation
Wagesandsala-ries
Bene-fits1
Manufacturing
Totalcom-pen-
sation
Wagesandsala-ries
Bene-fits i
Nonmanufacturing
Totalcom-pen-
sation
Wagesandsala-ries
Bene-fits1
Index, June 1989=100; not seasonally adjusted
64.871.275.880.184.087.390.193.197.6
102.3107.0111.7115.6119.8123.5126.7130.6135.1139.8140.4142.0143.3144.6
67.173.077.681.484.888.391.194.198.0
102.0106.1110.0112.9116.4119.7123.1127.3132.3137.4138.1139 714LO142.2
59.466.671.476.781.784.687.590.596.7
102.6109.4116.2122.2128.3133.0135.9138.6141.8145.2145.8147.3148.6150.2
66.773.377.881.685.488.291.093.897.9
102.1107.0111.9116.1120.6124.3127.3130.9134.1137.8138.9139.9141.1142.5
69.775.780.083.286.489.492.395.298.2
102.0105.8109.7112.8116.1119.6122.9126.8130.6135.2136.3137.3138.5139.7
60.568.273.278.383.285.7
97i3102.6109.9116.7123.4130.3134.8137.1139.7141.5143.2144.3145.2146.3148.2
63.369.574.178.982.986.689.392.697.3
102.3107.0111.6115.2119.3122.8126.2130.2135.3140.5140.9142.8144.1145.3
65.371.175.980.283.787.790.393.497.8
102.2106.3110.2113.0116.6119.7123.2127.5133.1138.4138.9140.8142.1143.3
58.465.169.675.280.483.6
U96.1
102.6109.0115.7121.2126.7131.5134.7137.4141.4145.7146.1147.9149.4150.7
66.072.576.980.885.087.890.793.497.6
102.0107.2112.2116.5121.3125.1128.3132.1135.3138.9139.9140.9142.1143.6
68.974.979.182.586.189.292.195.298.1
101.9106.2110.3113.7117.3120.8124.3128.4132.2136.8137.9139.0140.2141.5
59.967.572.477.582.785.0
Si96.6
102.3109.5116.1122.6130.0134.3136.7139.8141.7142.7143.6144.5145.7147.8
64.270.475.179.683.487.0
ffi97.5
102.3106.9111.5115.1119.0122.6125.9129.8134.7139.7140.3142.0143.4144.5
66.272.176.881.084.288.090.693.797.8
102.2106.1109.8112.6116.0119.1122.5126.8132.1137.4137.9139.7141.0142.1
59.166.170.676.281.184.4
ft96.8
102.8109.3116.2122.0127.4132.3135.3137.9141.5145.8146.3148.0149.4150.7
Index, June 1989=100; seasonally adjusted
136.1137.3138.7139.7140.2141.8143.0144.5
133.6134.9136.5137.5138.1139.8140.9142.3
142.2143.2144.1145.1145.4146.8148.1150.1
135.21363137'.2137.9138.9139.8141.0142.5
132.0133.2134.3135.2136.3137.3138.5139.7
141.6142.3142.9143.4144.4145.0146.2148.4
136.6137.8139.5140.6140.7142.7143.9145.5
134.4135.6137.5138.5138.9140.8142.0143.4
142.5143.7144.8146.1145.9147.8149.3151.1
136.3137.1138.1138.9139.8140.7142.0143.6
133.7134.6136.0136.8137.9139.0140.2141.5
141.7142.2142.6142.8143.6144.3145.7147.9
136.0137.2138.7139.9140.2142.0143.2144.7
133.4134.7136.3137.6137.9139.7140.8142.3
142.6143.8144.9146.1146.2147.9149.3151.0
Percent change from 12 months earlier, not seasonally adjusted
9.69.96.55.74.93.93.23.34.84.84.64.43.53.63.12.63.13.43.53.03.33.13.4
9.18.8
84.24.13.23.34.14.14.03.72.63.12.82.83.43.93.93.33.63.23.5
11.712.17.27.46.53.53.43.46.96.16.66.25.25.03.72.22.02.32.42.22.52.83.4
9.99.96.14.94.73.33.23.14.44.34.84.63.83.93.12.42.82.42.82.82.72.93.4
9.48.65.74.03.83.5
3ll3.23.93.73.72.82.93.02.83.23.03.53.33.1
b
10.812.77.37.06.33.03.02.97.05.47.16.25.75.63.51.71.91.31.22.01.92.33.4
9.79.86.66.55.14.53.13.75.15.14.64.33.23.62.92.83.23.93.83.13.63.23.4
H6.85.74.44.83.03.44.74.54.03.72.53.22.72.93.54.44.03.33.8y
ftn6.94.0
Si6.56.86.26.14.84.53.82.42.02.93.02.42.9
ii
116.15.15.23.3
ii4.54.55.14.73.84.1
3X)
2.72.62.72.83.4
KII4.43.63.33.43.03.94.23.93.13.23.02.93.33.03.53.13.33.13.4
10.512.77.37.06.72.82.92.67.65.97.06.05.66.03.31.82.31.4.7
1.31.52.23.4
9.79.76.76.04.84.33.13.65.04.94.54.33.23.43.02.73.13.83.73.23.5
ii
8.98.96.55.54.04.53.03.44.44.53.83.52.63.02.72.93.54.24.03.43.73.33.4
12.611.86.87.96.44.13.74.06.46.26.36.35,04.4
L92.63.02.52.83.03.4
Percent change from 3 months earlier, seasonally adjusted
0.7.9
1.0.7.4
1.2.8
1.0
0.91.01.2
.7
.41.2.8
1.0
0.4.7.6.7.2
1.0.9
1.4
0.7.85
'.7.6.9
1.1
1.1.9.8.7.8.7.9.9
-0.1.5
.3
.7
.5
.81.5
0.7.9
1.2.8.1
1.4.8
1.1
0.9.9
1.4.7.3
1.4.9
1.0
0.5.8.8.9
-.11.31.01.2
0.7.6
'.B.6.6.9
1.1
1.1.7
1.0.6.8.8.9.9
-0.1.4.3.1.6.5
1.01.5
0.8.9
1.1.9.2
1.3.8
1.0
0.81.01.21.0.2
1.3.8
1.1
0.6.8.8.8.1
1.2.9
1.11 Employer costs for employee benefits.Note.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts among
occupations and industries.Data exclude farm and household workers.Source: Department of Labor, Bureau of Labor Statistics.
361
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-47.—Productivity and related data, business sector, 1959-99[Index numbers, 1992=100; quarterly data seasonally adjusted]
Year orquarter
19591960196119621963196419651966196719681969197019711972197319741975197619771978 '""19791980198119821983 :.1984
1985198619871988 ....:...:.1989199019911992 .1993199419951996199719981994:1
IIIllIV
1995:111IllIV
1996:1IIIllIV
1997:1IIIllIV
1998:1IIIllIV
1999:1IIIll
Output per hourof all persons
Busi-ness
sector
47.248.049.852.154.156.658.661.062.364.564.866.268.871.073.172.274.877.278.479.579.779.881.481.284.086.488.190.791.392.493.394.595.9
100.0100.1101.4102.2105.2107.5110.5101.2101.4101.2101.9101.6101.9102.1103.1104.1105.3105.4105.9106.3107.1108.1108.4109.7109.8110.7111.9112.7113.0114.3
Nonfarmbusinesssector
50.551.252.855.257.259.661.463.664.666.967.168.070.773.075.274.376.478.980.081.381.381.382.482.085.687.488.691.391.792.993.594.696.1
100.0100.1101.4102.4105.2107.2110.2101.0101.4101.1102.0101.8102.1102.4103.2104.2105.3105.3105.8106.1106.9107.8108.1109.3109.5110.4111.5112.2112.4113.8
Output1
Busi-ness
sector
31.532.132.734.836.438.741.444.245.047.348.848.850.553.857.556.856.359.963.267.269.769.171.069.172.679.082.485.488.692.495.697.096.1
100.0102.7107.7111.1116.1122.3128.6105.5107.5108.1109.7110.1110.4111.4112.6113.7115.8116.6118.3120.0121.8123.2124.4126.9127.5128.9131.2132.5133.1135.1
Nonfarmbusinesssector
31.231.732.434.636.238.641.344.345.147.548.948.950.654.057.857.256.360.163.467.670.069.571.068.973.279.382.385.588.792.895.897.196.3
100.0103.0107.8111.5116.4122.5129.0105.5107.5108.1109.9110.4110.7111.8112.9114.0116.1116.9118.6120.2122.0123.4124.6127.1127.9129.3131.6132.9133.5135.6
Hours of allpersons2
Busi-ness
sector
66.766.765.766.867.268.370.672.572.373.475.273.773.475.878.578.675.277.680.684.687.486.787.385.186.591.593.594.297.0
100.0102.5102.6100.3100.0102.6106.2108.8110.4113.8116.4104.3106.0106.8107.7108.4108.3109.1109.2109.2110.0110.7111.7112.9113.7114.0114.7115.7116.1116.4117.2117.5117.8118.3
Nonfarmbusinesssector
61.862.061.362.663.364.867.369.769.770.973.071.871.674.076.977.073.776.179.283.286.285.5
83 985^590.793.093.796.799.8
102.4102.7100.2100.0102.9106.3108.9110.7114.3117.1104.4106.1106.9107.7108.4108.4109.2109.4109.4110.3111.0112.1113.3114.1114.5115.3116.3116.8117.1118.0118.4118.7119.2
Compensationper hour3
Busi-ness
sector
13.113.614.214.815.416.116.817.918.920.421.923.525.026.628.931.734.938.041.044.749.054.359.563.966.669.572.976.779.783.485.790.694.9
100.0102.4104.5106.7110.1114.2120.3104.3104.2104.3105.0105.5106.3107.0107.9108.6109.7110.7111.6112.5113.2114.6116.4117.8119.4121.2122.7124.2125.7127.1
Nonfarmbusinesssector
13.714.314.715.415.916.617.218.219.220.722.223.725.326.929.131.935.238.241.345.049.354.760.064.467.270.073.377.180.083.685.890.594.9
100.0102.1104.3106.5109 8lia^S119.7104.1104.0104.1104.9105.3106.1106.9107.7108.4109.4110.3111.2112.2112.9114.1115.9117.2118.8120.6122.0123.3124.7126.2
Real compensationper hour4
Busi-ness
sector
58.559.961.763.965.367.869.371.873.776.577.679.080.582.984.783.784.587.088.189.790.089.789.891.191.291.592.895.996.397.395.896.497.4
100.099.999.799.199.6
101.1105.1100.499.799.199.298.998.999.199.499.299.499.899.8
100.1100.4101.2102.4103.4104.4105.6106.5107.4107.8108.3
Nonfarmbusinesssector
61.162.864.366.267.669.971.073.075.077.678.679.781.383.885.384.485.287.588.890.590.690.390.691.891.992.193.296.396.697.495.896.397.4
100.099.699.598.999.3
100.7104.5100.299.698.999.198.898.798.999.299.199.299.499.599.8
100.1100.8101.9102.9103.9105.1105.9106.6106.9107.5
Unit laborcosts
Busi-ness
sector
27.728.428.528.428.428.528.629.330.331.733.735.636.437.539.543.846.749.252.356.261.568.173.178.879.380.582.884.687.390.391.995.999.0
100.0102.3103.0104.4104.7106.2108.8103.1102.7103.1103.0103.8104.3104.8104.7104.3104.2105.0105.3105.9105.7106.0107.4107.5108.8109.5109.6110.2111.3111.3
Nonfarmbusinesssector
27.027.927.927.827.827.928.028.629.731.033.034.935.736.838.743.046.048.451.655.460.767.272.878.578.580.182.784.487.289.991.795.798.8
100.0102.1102.9104.0104.4106.1108.6103.0102.6103.0102.8103.5103.9104.4104.3104.0103.9104.7105.0105.7105.6105.8107.2107.3108.5109.3109.4109.8111.0110.9
Implicit pricedeflators
Busi-ness
sector
27.027.327.527.828.028.328.729.430.331.432.834.335.837.139.142.646.749.352.456.060.665.971.975.878.580.782.884.186.188.892.195.498.4
100.0102.5104.4106.4107.9109.5110.3103.7104.1104.7105.1105.8106.2106.6106.9107.3107.8108.2108.5109.1109.5109.7109.9110.0110.2110.4110.5110.9111.2111.4
Nonfarmbusinesssector
26.526.827.027.327.527.828.228.929.830.932.333.735.336.437.741.445.748.451.655.059.465.071.175.477.980.182.683.985.988.591.895.198.3
100.0102.6104.5106.5107.8109.7110.5103.6104.1104.9105.3106.0106.4106.7106.9107.3107.6107.9108.4109.1109.6109.9110.1110.4110.5110.7110.6111.0111.4111.6
1 Output refers to real gross domestic product in the sector.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarilyon establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an estimateof wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers for recent quarters. The trend from 1978-98 is basedon the consumer price index research series (CPI-U-RS).
* Current dollar output divided by the output index.Source: Department of Labor, Bureau of Labor Statistics.
362
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-48.—Changes in productivity and related data, business sector, 1960-99[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]
Year orquarter
1960 . . .196119621963 .1964196519661967 .1968 !....196919701971 .197219731974197519761977 .19781979198019811982198319841985 . .198619871988 . .198919901991199219931994199519961997 . . .19981994:1
IIIllIV
1995:1IIIllIV
1996:1IIIllIV
1997-1II "..!...IllIV
1998:1IIIllIV
1999:1IIIll
Output per hourof all persons
Busi-ness
sector
1.93.64.63.94.63.54.12.13.5.5
2.04.0
8-1.3
3.63.21.51.5.2.1
2.0-.23.42.82.03.0
.61.2.9
1.31.54.3
.11.3.7
2.92.22.81.2.8
-.83.0
-1.31.1.9
3.84.14.7
.32.11.33.43.61.24.6
.63.44.33.0
.84.7
Nonfarmbusinesssector
1.33.24.63.54.33.13.51.73.5
.21.53.93.23.0
-1.12.83.31.41.6-.1
.11.3
2.'21.33.1.5
1.3.7
1.1a.11.31.02.72.02.81.11.5
-1.13.6-.81.11.23.23.94.2.1
1.9.9
3.33.31.24.4
.93.14.12.7
.64.9
Output1
Busi-ness
sector
1.92.06.44.66.47.06.81.95.03.1
.03.66.56.8
-1.1-.96.45.56.43.6-.82.7
-2.85.28.84.23.73.74.33.51.5
ii2.74.83.24.55.45.13.47.72.16.41.4.9
3.84.24.17.72.75.95.86.24.83.98.12.24.47.23.91.96.3
Nonfarmbusinesssector
1.82.06.84.66.77.07.21.75.33.1-.13.56.77.1
-1.1-1.6
6.85.56.73.5-.72.1
-2.96.28.33.93.93.74.63.31.4-.93.93.04.73.44.45.35.22.58.02.26.91.81.14.24.03.97.62.85.95.56.24.64.18.32.44.47.34.01.86.6
Hours of allpersons2
Busi-ness
sector
0.1-1.6
1.7.6
1.73.42.6-.31.42.5
-2.0
133.7.1
-4.3
194.93.4-.9
—2 5L75.82.2
.73.03.12.5
.2-2.3-.32.63.52.41.53.12.22.26.92.93.32.8-.22.9
.4
.02.92.43.74.42.71.12.73.41.6.9
2.8.9
1.01.6
Nonfarmbusinesssector
0.5-1.2
2.11.12.43.93.6.0
1.72.9
-1.6_33'.44.0.1
-4.33.44.05.03.6-.8
—2 5L96.02.5.8
3.23.32.6.3
-2.42 §3.32.41.73.32.41.46.53.33.12.6-.13.0
.7-.13.32.63.94.52.81.32.93.71.41.23.11.31.31.6
pThour*™
Busi-ness
sector
4.34.04.53.75.23.76.75.78.27.07.76.46.28.69.7
10.3
89.09.7
10.89.57.54.24.44.95.23.94.72.85.7
82.42.02.13.23.75.35.3-.7
.72.71.63.12.93.42.44.43.53.33.42.64.86.74.95.56.14.94.95.14.6
Nonfarmbusinesssector
4.43.44.13.54.63.35.85.87.96.87.26.56.48.29.8
10.18.68.09.19.5
10.89.77.4
4.65.23.84.52.75.54.95.32.12.12.1113.65.25.6-.3
.43.01.62.93.03.12.54.03.13.33.62.64.46.44.85.66.24.64.24.84.7
Real compensationper hour*
Busi-ness
sector
2.62.93.52.33.82.13.72.53.81.41.91.9
8-1.2
1.0
81.8.3
-.3
L4
j1.53.3
.41.0
-1.5.6
1.02.7-.1-.2-.6
.51.53.93.9
-2.9-2.4
.4-1.2-.1
.81.3-.6
.71.4.2
1.01.53.04.84.23.94.73.33.61.51.9
Nonfarmbusinesssector
2.72.43.02.23.31.72.92.73.51.31.42.03.11.9
-1.1.9
2.71.41.9.1
-.33\A.1
1.23.3.3.8
-1.6.5
1.12.7-.4-.1-.6
.41.43.84.2
-2.4-2.7
.7-1.3-.2
.91.0-.4
.31.0.2
1.21.52.64.54.13.94.72.92.81.22.1
Unit laborcosts
Busi-ness
sector
2.4.4
-.1-.3
.6
.2
4i56.45.62.2
811.16.55.56.37.49.5
10.77.47.8
L52.92.13.23.5
-1.84.33.21.02.3
.71.4.3
1.52.44.0
—1 5r.e3.01.92.0-.4
-1.6-.33.21.22.1-.71.15.4.3
4.92.6
.61.94.2-.1
Nonfarmbusinesssector
3.1.2
-.5o'.3.2
2.24.14.26.65.62.5115.1
11.17.15.26.67.39.6
10.78.27.9
2.03.32.13.3112.04.33.31.22.1.8
1.1.4
1.62.44.5
-1.71.5-.62.41.81.7-.1
-1.4-.22.91.32.7-.61.05.1
.44.63.0
.51.44.2-.2
Implicit pricedeflator*
Busi-ness
sector
1.1.8g
LI1.62.52.83.94.44.44.63.55.39.29.55.66.36.98.28.79.15.53.62.82.61.62.411183.63.11.62.51.81.91 5L5.7
1.21.42.61.62.71.51.51.11.71.71.41.22.21.4.8.7.4.8.9.4
1.31.1.7
Nonfarmbusinesssector
1.2.8
1.0.7
1.21.4
83.84.34.54.6
9710.55.96.66.58.29.39.56.0
8111.62.43.03.73.7
82.61.91.91.31.7.8
1.21.93.11.42.71.51.0.6
1.61.41.21.82.51.71.1.8.9.5.6
-.31.51.4.7
1 Output refers to real gross domestic product in the sector.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarilyon establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an estimateof wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers for recent quarters. The trend from 1978-98 is basedon the consumer price index research series (CPI-U-RS).5 Current dollar output divided by the output index.
Note.—Percent changes are based on original data and may differ slightly from percent changes based on indexes in Table EM7.Source: Department of Labor, Bureau of Labor Statistics.
363
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRODUCTION AND BUSINESS ACTIVITY
TABLE B—49.—Industrial production indexes, major industry divisions, 1950—99[1992=100; monthly data seasonally adjusted]
Year or month
1950195119521953195419551956195719581959I9601961 .19621963i%4 :: : : : : r™19651966196719681969197019711972197319741975 . . ' .. . .1976197719781979198019811982 . . .198319841985198619871988198919901991199219931994 . ..199519961997 .19981999/»1998-Jan
FebMarAprMayJuneJulyAll2sept".'..""..'.'"...:".:.""."":.'""..:'": roct ::NovDec
1999:JanFebMarAprMay ...June " '...'..::", "."":JulyAugSeptOct-pNovDec*
Tnt«|
industrialproduction
24.726.827830228.632233634.131935.7
36 739.842145049.553.855.058.160758.759565370.669663469.374979.382079.781.076.779.586688089.093297499.198997.0
1000103.4109.11144119.4127.11324137.21309130.71311131.71324131.5131.313361335134.113381338134113451351135.51362136613741377138113941399140.5
Total
23.525.426428826.930331631.929733.534.134237.339542246.851.052054.957454.855661566.965959365.471275.878575576.772176.383885788.192897199.098596.2
1000103.711001158121.3130.11364142.31345134.31345135313591348134.713741373138.313831384138613931397140.21410141414201425142914431452145.5
Manufacturing
Durable
22.725.627230.727.131032.032.228.232.4
32 335.938341.046.651.852.354.957152.752558665.464156161.968173.677473474.668272.2827
87.4
981100.599095.5
100.0105.411431239134.0148.01607172.81559156.41570158115961580157.316421646165.816541662166316681681169.41708172217381744175017641777177^
Nondurable
24.225.025426.526.729.631.131.631.935.135.937.039.341444.147.150.051.654.957857.860265568.868364070.575778.979978379.577781.985386089.193.896097.397997.0
100.0101.8105.21071107.8111.21116111.81130112.21120112.511221116112.011101104111.21116111111131123111811151119111311101115111811311136114.0
Mining
58.764.463965.664.371775.475.569372.573.974.476.579582785.890.492.195.6995
102.0995
1015102.51019997
100.51034106.510831115115.61112106.611391110102.610211047103.21048102.6100.0100.0102.51021103.7105.9103898.1
1077107.41058105.51060104.2103.110321017101.61015981980974975967974971978985983993998
100'.2
Utilities
14.516.517919.420.923325.627.328.631.533.735638.240944447.150.753357.662766.569774277.176176979.982084.486887385.082383.7867
t44
93997.1983
100.4100.0103.9105.31090112.6112.71144116.81094109.81138113011601178117.011731191115.61108112511451126116811631161117411981178117711861155119.5
Source: Board of Governors of the Federal Reserve System.
364
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-50.—Industrial production indexes, market groupings, 1950-99[1992=100; monthly data seasonally adjusted]
Year or month
19501951195219531954 .. . .1955 "..1956195719581959 ....Z!..! !196019611962196319641965 ..' '....".. .196619671968196919701971197219731974197519761977 ": ::::::::1978 .....'19791980198119821983 '...'.".'.'.1984198519861987198819891990199119921993199419951996199719981999*1998- Jan
FebMarAprMayJune :.:::::::::::::::JulyAugSept"OctNovDec
1999JanFebMarAprMay ZZZ1JuneJulyAug '"" "".'.'...
8fc=:Nov*Dec*
Totalindus-trialpro-duc-tion
24.726.827.830.228.632.233.634.131.935.736.536.739.842.145.049.553.855.058.160.758.759.565.370.669.663.469.374.979.382.079.781.076.779.586.688.089.093.297.499.198.997.0
100.0103.4109.1114.4119.4127.1132.4137.2130.9130.7131.1131.7132.4131.5131.3133.6133.5134.1133.8133.8134.1134.5135.1135.5136.2136.6137.4137.7138.1139.4139.9140.5
Final products
Total
23.825.727.529.427.930.131.932.831.334.335.535.838.841.043.347.652.154.2
5&557.061.966.566.362.466.872.477.279.779.381.278.380.087.089.390.393.397.999.999.597.7
100.0103.4107.7111.6115.3121.1125.4128.2125.1124.5124.9125.5125.8125.4124.8127.2126.7127.5126.8126.0126.6127.3127.3127.6128.2128.3128.6129.5129.1130.7131.0130.9
Consumer goods
Total
27.827.528.129.829.633.034.235.134.838.139.640.443.145.548.151.854.555.859.261.460.764.269.372.470.267.474.179.582.681.579.680.178.883.286.787.690.793.796.797.797.397.0
100.0103.6108.0110.8112.4115.1116.2117.2117.3116.2116.5117.1117.1116.0115.4116.9115.5116.0115.6115.1116.3117.2116.7116.5116.8117.0116.8117.6117.1118.9118.9119.1
Autp-motiveprod-ucts
29.225.823.229.327.336.329.931.324.931.235.732.639.543.245.355.855.648.958.258.549.262.767.774.764.660.8
$f?i62.361.659.174.389.495.497.5
100.7107.1108.9100.990.3
100.0111.3122.9122.6123.5130.7134.7144.7135.2133.2134.3136.3136.9123.1108.0143.5139.3143.4142.0141.7143.7142.0140.0142.0145.4147.4143.7150.6145.5147.9146.9144.6
Otherdura-
blegoods
24.821.421.424.222.326.327.727.125.629.429.630.533.135.739.044.248.749.352.856.354.657.866.270.064.757.063.971.874.973.669.770.764.473.180.177.382.689.194.595.996.095.2
100.0112.4125.0132.7136.6138.9149.0159.1147.2148.0149.6149.9151.0150.0150.9149.3148.3147.6147.3148.8152.8158.0157.8160.0158.3158.8161.1158.7159.7165.1163.5164.2
Non-durablegoods
3(1831.732.134.536.8
Si41.743.144.546.648.751.153.355.858.761.063.164.166.070.272.472.470.976.179.882.982.983.884.384.286.287.588.591.393.695.996.797.198.1
100.0101.5104.0106.5107.8110.1109.9108.9111.4110.0110.1110.6110.5110.7111.3109.8108.6108.9108.6107.9108.7109.3108.9108.3108.4108.4108.3108.9108.7110.0110.3110.7
Equipment
Total1
16.623.127.730.1
29.'530.727.530.231.030.634.036.138.143.150.253.454.956.452.449.153.759.961.956.7
Si71.077.679.182.877.776.487.691.890.092.999.9
103.7103.298.8
100.0103.2107.2112.8120.4132.1142.7149.1138.5139.1139.5140.1140.8141.7141.3145.3146.4147.5146.3145.2144.6144.9145.9147.0148.4148.3149.3150.5150.2151.4152.3151.8
Busi-ness
15.619.1ai19.821.424.8
8124.525.124.426.527.831.135.641.342.143.946.845.142.948.957.259.753.355.362.069.377.376.7
ft68.379.282.582.085.193.598.898.295.7
100.0104.6111.4119.4130.2145.7161.2171.8154.5155.1156.1157.2158.2159.9159.6165.1167.0168.4167.0166.3165.9166.3167.5169.4171.2171.2172.6173.9173.7175.1176.1175.6
fenseand
space11.929.341.249.443.539.838.940.640.843.044.244.952.056.154.360.170.680.680.776.865.158.556.855.554.753.754.654.4
ft63.264.572.680.489.5
103.8113.0117.5117.1117.4115.9106.7100.093.786.884.078.975.975.474.375.475.675.275.275.275.375.276.175.376.375.875.275.075.475.675.175.274.674.574.773.673.773.072.0
Inter-mediateprod-ucts
26.327.627.529.429.333.234.734.733.937.537.738.540.843.145.948.951.954.057.160.259.361.168.272.670.063.269.675.779.982.077.777.675.881.086.989.192.7
100.7102.5102.9101.997.5
100.0102.5106.3108.1110.8115.3118.8122.3117.1117.2117.6118.0118.7118.2119.0119.3119.0120.4120.0121.1121.4121.3121.6121.7122.3121.7121.5121.7122.6123.6123.6124.4
Materials
Total
25.127.828.2H34.235.135.131.636.436.936.940.242.846.351.656.255.759.462.960.761.667.974.372.863.971.476.981.083.980.381.475.178.385.986.386.390.495.197.097.295.9
100.0103.8111.9120.3127.8139.0146.5154.7143.4143.7144.0144.6146.0144.1144.0147.1147.8147.6147.9148.5148.2148.7150.3150.8151.7153.1155.0154.6155.7156.8158.0159.2
Dura-ble
21.324.324.828.925.030.630.730.625.830.731.130.433.8
8S45.049.647.8
£48.448.654.962.861.050.858.564.670.273.367.770.462.668.279.580.982.387.593.695.795.393.2
100.0106.6118.7133.4147.7167.0182.1198.6176.5177.4177.8179.0181.3178.4178.4185.5186.5187.0187.7189.2188.8189.2191.9193.1194.3197.2200.3199.9202.3203.1205.9207.3
Non-
able
23.026.327.627.427.331.231.733.035.837.941.345.348.949.854.759.259.562.068.473.473.765.674.378.981.684.480.782.374.681.084.583.285.790.994.897.298.196.9
100.0102.0107.1108.6108.1112.9112.7114.2114.2113.8113.5113.9113.6112.6113.0111.5111.9111.3111.8111.7111.3112.4112.7112.8113.8114.2114.5114.4114.7116.5117.2117.4
Ener-gy
51.457.861.161.857.360.761.562.064.167.970.773.978.681.385.089.493.894.698.298.996.394.296.597.998.9
101.4102.2100.296.794.799.599.195.296.298.599.5
100.6100.8100.099.5
101.3102.4103.5103.6103.1102.0103.1103.0103.9103.5105.0104.3103.5103.4104.0103.2102.1101.6101.8101.7102.4102.2102.2101.6102.9102.3101.8102.6101.6103.4
'Two components—oil and gas well drilling and manufactured homes—are included in total equipment, but not in detail shown.Source: Board of Governors of the Federal Reserve System.
365
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-51.—Industrial production indexes, selected manufactures, 1950-99[1992=100; monthly data seasonally adjusted]
Year or month
195019511952195319541955 . .1956195719581959I96019611962 .'""196319641965. ;1966 .'19671968 !"!"..!'"..."1969197019711972197319741975 '. ! !....197619771978 !....197919801981
!| ::::::::::::
198719881989 ...19901991 . .199219931994 . .19951996199719981999"1998:Jan
FebMar
&::::JuneJulyAug
tf-NovDec
1999: JanFebMar
£ •:::::JuneJulyi| :::::::odV
Nov/'Dec*
Durable manufactures
Primarymetals
Total
75.582.175.085.068.889.488.885.067.478.878.577.082.689.1
100.5110.6117.4108.5112.4120.9112.5106.7119.5135.6131.4104.7117.1119.0128.0130.0108.0113.9
8i8291.297.8
106.2104.9
W100.0105.1113.8116.2119.6126.7125.6126.5130.7130.6128.9128.9128.3123.5123.8124.9128.3128.3131.2131.3122.9120.1124.0123.9123.9127.4128.0129.6128.3128.3131.2131.3
Ironandsteel
106.9119.5105.2121.394.3
125.3123.0118.589.3
102.8104.599.8
104.0113.3128.9141.4145.7134.6139.0151.4140.9128.9143.3163.1158.0127.0139.9138.0147.5148.4119.0126.680.590.0
954107.6106.2106.496.0
100.0106.1114.4116.5118.9125.6122.6122.9130.5130.8129.1127.4127.0121.4121.6122.3125.9124.4129.9129.7118.1114.6118.1119.4120.1124.5126.2127.6125.9124.4129.9129.7
Fabri-catedmetalprod-ucts
43.045.944.850.645.552.052.754.148.554.454.553.157.7
ffi69.674.577.982.183.577.477.084.593.990.178.186.594.798.2
101.694.493.0
ft!Si95.6
101.9106.1104.8101.296.2
100.0104.4112.2116.4120.1126.1128.8128.8129.4129.3129.2129.4129.9129.2127.7127.2128.4129.0130.1130.3129.0128.4128.5128.0127.2128.3128.6128.5128.4129.0130.1130.3
Indus-trialma-
chineryand
equip-ment
14.518.420.020.917.819.522.422.318.821.922.021.424.025.629.232.8
iii39.242.441.138.244.351.855.147.7
Sifti70.574.7
8378.981.281.886.097.1
103.0100.195.4
100.0110.1125.6143.7159.6178.3206.4230.5193.5196.3199.1199.2201.1205.9209.9211.7235.5239.0240.5241.6217.5221.7224.6227.0228.4228.2230.0231.4235.5239.0240.5241.6
Electri-cal
machin-ery
7.47.48.59.78.69.9
10.710.69.7
11.812.813.615.716.117.020.324.424.525.827.526.326.430.234.434.129.332.938.142.246.948.651.051.7
7i!o75.682.585.887.789.6
100.0109.4130.5165.7206.6260.0315.1389.6287.4289.6291.9298.0303.5311.7319.0323.3402.1410.9417.7425.4346.7347.5354.0366.4373.3384.2399.2401.3402.1410.9417.7425.4
Transportationequipment
Total
24.927.832.340.635.340.639.442.233.337.739.036.742.446.547.756.760.859.564.664.153.858.262.270.864.457.965.971.977.578.770.366.9
196.1
101.1105.1102.396.5
100.0103.5107.5106.7107.6117.1121.6122.3121.7120.8120.4121.9124.1113.2105.6129.1123.1122.1121.8118.9122.7123.2122.6122.1122.8123.5122.9122.9123.1122.1121.8118.9
Motorvehicles
andparts
38.034.829.837.632.443.435.236.927.335.440.035.142.747.348.562.060.953.664.264.551.965.071.082.771.460.579.792.496.889.065.862.856.972.1
94i9100.2101.295.388.5
100.0113.0130.6133.2131.8140.6141.7151.0143.7141.9140.6143.3146.6123.2106.9155.8155.6156.6156.4152.0146.5147.8148.1148.4150.6152.9152.2152.2155.6155.6156.4152.0
Lum-berand
prod-ucts
45.345.244.647.146.852.351.747.448.254.6
Si56.859.563.966.468.968.270.270.169.771.581.982.274.669.579.086.187.586.380.478.170.3
99.6104.9105.1104.3101.694.5
100.0100.8105.9107.9110.1115.0118.5121.7116.3117.2116.9117.6117.5117.9118.6119.6119.7120.4120.9121.6122.6122.3121.7121.5123.9122.2121.5120.2119.7120.4120.9121.6
Nondurable manufactures
Apparelprod-ucts
52.551.554.254.954.259.961.361.159.465.466.767.169.972.775.379.581.681.283.285.982.583.588.689.385.377.991.898.0
100.495.395.497.396.3
iBIA105.5103.5100.397.297.8
100.0102.4106.3107.1104.1102.1
8S100.498.998.797.796.897.096.996.389.089.689.589.5
91.892.491.290.7
8289.089.689.589.5
Textilemill
prod-ucts
38.338.037.638.636.141.242.340.339.845.044.145.448.550.354.359.162.762.770.073.672.076.083.386.778.975.283.588.388.691.589.086.3
86'.590.596.395.096.593.292.7
100.0105.3110.6110.2108.7111.9110.9111.2114.7112.2112.5112.7113.6112.3112.0110.6110.8114.0112.3111.8108.0110.5110.1111.4110.9110.8112.3111.7110.8114.0112.3111.8
Printingand
publish-ing
25.726.226.127.328.431.333.234.433.635.937.337.538.940.943.446.249.752.453.355.954.354.858.560.059.155.360.466.370.172.072.474.377.581.487.090.293.4
102.5103.4103.5103.199.1
100.0100.7100.7101.3101.3105.2105.1104.5106.0105.7105.5105.5105.5104.2104.4104.5104.6106.4106.0106.0104.3104.3103.7104.2104.1103.5102.8103.6104.6106.4106.0106.0
Chem-icalsand
prod-ucts
10.111.411.912.913.115.316.417.317.920.821.622.725.227.630.233.736.738.443.246.748.651.758.2
8S60.167.272.476.479.275.977.371.076.079.379.482.487.092.295.197.396.4
100.0101.6104.8107.4109.8114.6115.1117.1116.3115.7115.5116.2115.6114.9115.5114.0117.4119.1120.7121.2114.5116.6116.8115.6117.0116.3115.8117.7117.4119.1120.7121.2
Foods
32.232.833.534.234.936.939.039.640.642.643.845.046.448.150.351.553.455.857.359.260.162.065.366.667.567.170.974.677.277.979.781.4
Hi86.4
Si93.5
81ft
100.0102.0103.7105.8105.4107.8109.3110.3109.9109.3109.4109.4109.5108.9108.4107.7109.6110.6111.9110.4111.0111.4110.9110.6110.6110.0108.9108.9109.6110.6111.3111.4
Source: Board of Governors of the Federal Reserve System.
366
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-52.—Capacity utilization rates, 1950-99[Percent;1 monthly data seasonally adjusted]
Year or month
19501951
19531954195519561957195819591960196119621963196419651966196719681%9197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1998- Jan
FebMarAprMay":"":::::"::::"!""::"::::JuneJulyAugSept .OctNovDec
1999- JanFebMarAprMayJune ZZZZZZ::JulyAugSept "'Oct*Nov*Dec*
Totalindustry
87087387381179.484488.484374679383585.886081580874575.780879878781384.084182379.380281383.183.382583381.880783382782582482481.380881.981581.580.980680480.480580480580580780780681.281.281.3
Total
82.885885.489380187086183.675081680177381.483585.689591187.287186679477.983487.783472.978282685.285379578371874.479878878781383.883681477.979480.582.582.681.582480.979.882581.981581581.380.179780.880480.580.279979679.779679579779679.779779780.280.480.3
Durablegoods
87.587286777.274.781488.083170.675780884.485678476868070.177676875777.981.782079.074.776.678.881.581.780.882180.979.982481.981581381.379.778781.581181.180.380179679.379579679779980.380280080.380.480.0
Manufacturing
Non-durablegoods
86.386686582882.686487.383976.381885386.484981080477580.882981582885986.485784481.9828
83 783.782.483181.380.383282.482182281981.281480.580080480.580180280780380080279779.479779980.781.081.2
Primaryprocessing
88.590.284.989480.692089.484.775483079877.981.583887.891091.485.386186579.978.785590.585172.179283885.986077277268674.580079179984.586.886183.979.682.384.087.286.685.486184.083.086085.585185184.783.783583.082682782.683183182.882982.682782.782.982882883.383.783.7
Advancedprocessing
79.883.485.989380.084284.483.174981.180577.281.683484.688891.188.087386.478.977.182.286.282573.377681.984.884980878873.574.479778.678179.982.382.580.377.278.179.080.580.879.981.079.878.881380.780380280.278.978.380.279779.979.478878.478.778578.578778.678.678878.779.279.479.1
Mining
81.283586.588.887.390.392.392389.789890990.991493493986380.486084377680.385.286989.888.486.486.187.587.088.589.286.481.690089.788287988.386.785785.884.584.384.281481380.980980.481080.781.381981882.683.183.4
Utilities
94.595196.796.294.695.293.587384.485285.085.486685982579.379.781983.580682.584.986.385.786.384.587.187.489.290.489.790.891.687187.490.689892.293.692.993.094.491.587.688990.388.791.991.491192.193.992292.092.690.193.1
1 Output as percent of capacity.Source: Board of Governors of the Federal Reserve System.
367
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-53.—New construction activity, 1959-99[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]
Year or month
1959I960196119621963
New series196419651966 ....!196719681969 ....' !1970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997 ! ! !19981998: Jan
Feb .. .MarApr .""I"!"'."""'.!!MayJuneJulyAug I:::::::::::::::"SeptOctNovDec
1999: JanFebMarAprMayJuneJulyAUK . ..SeptOct ..Now
Totalnew
construc-tion
55.454.756.460.264.8
75.181.985.887.296.8
104.9105.9122.4139.1153.8155.2152.6172.1200.5239.9272.9273.9m311.6369.0401.4429.9441.6455.6469.8468.5424.2452.1478.6519.5537.4583.4618.2665.4640.0644.6650.5656.3648.7672.8673.7670.0672.1674.3680.1690.5697.9710.7715.4704.6698.5698.9702.0698.4698.2697.3715.1
Private construction
Total
39.338.939.342.345.5
54.960.061.961.869.477.278.092.7
109.1121.4117.0109.3128.2157.4189.7216.2210.3224.4216.3248.1298.8
35LO360.9371.6361.1314.1336.2362.7399.3407.5449.0475.1520.1495.0499.9506.7511.8510.9525.3525.2523.7524.3528.7534.7541.6543.5548.7555.4547.9546.9546.9546.0541.8540.9540.3549.8
Residentialbuildings1
Total2
24.323.023.125.227.9
30.530.228.628.734.237.235.948.560.765.156.051.668.392.0
109.8116.4100.499.284.7
125.5153.8158.5187.1194.7198.1196.6182.9157.8187.8210.5238.9230.7256.5265.9294.3277.6280.8284.0287.6288.0291.9297.3297.3299.8302.1306.3310.3315.8318.5323.1322.2321.8320.9320.3319.7320.0322.1325.8
Newhousing
units
19.217.317.119.421.7
24.123.821.821.526.729.227.138.750.154.643.436.350.872.285.689.369.669.457.094.6
113.8114.7133.2139.9138.9139.2128.0110.6129.6144.1167.9162.9179.4187.3213.9197.7200.6203.8207.4207.5211.2216.8216.2219.0221.6226.1230.5235.1238.1241.5241.2239.9238.5238.9238.6239.1239.6243.9
Nonresidential buildings and otherconstruction1
Total
15.115.916.217.217.6
24.429.733.333.135.239.942.144.248.456.361.157.859.965.479.999.8
109.9125.1131.6122.6144.9165.1158.2156.3162.8175.1178.2156.2148.4152.2160.5176.8192.5209.3225.7217.4219.1222.7224.3222.9233.4227.9226.3224.5226.6228.4231.3227.6230.2232.2225.7225.1226.0225.6222.1220.9218.2224.0
Com-mer-cial3
3.94.24.75.15.0
7.99.49.49.3
10.412.513.015.318.821.721.717.217.019.724.734.041.748.753.953.471.688.184.083.286.489.285.862.253.257.964.475.487.099.0
110.2105.0103.6104.1107.3107.5113.4111.9110.0110.1115.1116.0117.4117.1119.6120.4118.5120.4118.9118.6117.5117.6115.4119.8
Indus-trial
2.12.92.82.82.9
5.07.29.38.48.59.69.37.86.79.0
11.511.710.511.316.222.020.525.426.119.520.924.121.021.223.228.833.631.429.026.5
£32.731.432.332.332.336.033.232.032.831.533.232.430.930.830.329.929.029.126.225.025.526.225.725.624.625.6
Other4
9.08.98.79.29.7
11.513.114.615.416.317.819.821.122.925.627.928.932.434.539.043.747.751.051.649.852.452.953.252.053.257.158.862.666.267.867.168.972.978.983.280.283.382.683.883.487.284.683.282.080.681.683.680.781.682.881.079.781.780.778.977.778.178.6
Public construction
Total
16.115.917.117.919.4
20.221.923.825.427.427.827.929.730.032.338.143.344.043.150.156.663.664.763.163.570.277.884.690.694.798.2
107.5110.1115.8116.0120.2129.9134.5143.1145.4145.0144.7143.8144.4137.8147.5148.5146.4147.8145.6145.4148.9154.4162.0160.0156.7151.6151.9156.0156.6157.2157.0165.3
Federal
3.73.63.93.94.0
3.73.93.83.33.23.23.13.84.24.75.16.16.87.18.18.69.6
10.410.010.611.212.012.414.112.312.212.112.814.414.414.415.815.314.114.413.914.514.313.713.614.015.814.814.613.914.914.413.915.513.914.112.713.514.113.412.714.112.9
State andloca^
12.312.213.314.015.4
16.518.020.022.124.224.624.825.925.827.633.037.237.236.042.048.154.054.353.152.959.065.872.276.682.586.095.497.3
101.5101.5105.8114.2119.2129.0131.0131.1130.2129.5130.8124.2133.5132.7131.6133.1131.7130.5134.4140.5146.5146.1142.6138.9138.4141.9143.3144.6142.8152.4
1 Beginning 1960, farm residential buildings included in residential buildings; prior to I960, included in nonresidential buildings and otherconstruction.2 Includes residential improvements, not shown separately. Prior to 1964, ajso includes nonhousekeeping units (hotels, motels, etc.).3 Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels and motelsare included in total residential.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities (telecommuni-cations, gas, electric, railroad, and petroleum pipelines), and all other private.5 Includes Federal grants-in-aid for State and local projects.
Source: Department of Commerce, Bureau of the Census.
368
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-54.—New housing units started and authorized, 1959-99[Thousands of units; monthly data at seasonally adjusted annual rates]
Year or month
19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1998- Jan
FebMarAprMayJune:.:""" 1.JulyAugsept':::::::::::::::::::Oct . .NovDec
1999: JanFebMarAprMayJuneJulyAUEsept :::::.:::::::::::OctNov/'Dec*
New housing units started
Private and public1
Total(farm andnonfarm)
1,553.71,296.11,365.01,492.51,634.91,561.01,509.71,195.81,321.91,545.41,499.5
2i378:52,057.51,352.51,171.41,547.62,001.72036.11,760.01,312.61,100.31,072.11,712.51,755.81,745.01,807.11,622.7
(4)(4
iiPI(4
(4
i-(4
i!(4
(4
(4)(4)(4)(4)(4)(4)
i!i:(4
PI(4
(4)(4)
Nonfarm
1,531.31,274.01,336.81,468.71,614.81,534.01,487.51,172.81,298.81,521.41,482.3
(3)(3)
i*!(3)
PI(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)
8(3)
P!(3)
PIPI(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)
PI
Private (farm and nonfarm)1
Total
1,517.01,252.21,313.01,462.91603.21,528.81,472.81,164.91,291.61,507.61,466.81,433.62052.22,356.62,045.31,337.71,160.41,537.51,987.12020.31,745.11,292.21,084.21,062.21,703.01,749.51,741.81,805.41,620.51,488.11,376.11,192.71,013.91,199.71,287.61,457.01,354.11,476.81,474.01,616.91663.0
1,5271,6441,5831,5421,5411,6261,7191,6151,5761,6981,6541,7501,8201,7521,7461,5771,6681,6071,6801,6551,6371,6421,5981,712
Type of structure
lun i t
1,234.0994.7974.3991.4
1,012.4970.5963.7778.6843.9899.4810.6812.9
1,151.01,309.21,132.0
888.1892.2
1,162.41,450.91,433.31,194.1
852.2705.4662.6
1,067.61,084.21,072.41,179.41,146.41,081.31,003.3
894.8840.4
1,029.91,125.71,198.41,076.21,160.91,133.71,271.41,331.7
1,2271,2831,2341,2351,2211,2741,3061,2641,2511,298
ifim1,3941,2601,3891,3051,3321,2891,2951,3391,2991,402
2 to 4units
2825334759
108.486.661.171.680.985.084.8
120.3141.3118.368.164.085.9
121.7125.0122.0109.591.180.0
113.5121.493.484.065.358.855.237.535.630.729.435.033.745.244.542.631.7
49684443504541502740
857
3330262939
%252430
5 unitsor more
2.97.51.7..55.7
450.0422.5325.1376.1527.3571.2535.9780.9906.2795.0381.6204.3289.2414.4462.0429.0330.5287.7319.6522.0544.0576.1542.0408.7348.0317.6260.4137.9139.0132.6223.5244.1270.8295.8302.9299.6
251293305264270307372301298360249338
8319287253273309
81278275280
New private housing units authorized2
Total
1,208.3998.0
1,064.21,186.6
1285:81,239.8
971.91,141.01,353.41,323.71,351.51,924.62,218.91,819.51,074.4
939.21,296.21,690.01,800.51,551.81,190.6
985.51,000.51,605.21,681.81,733.31,769.41,534.81,455.61,338.41,110.8
948.81,094.91,199.11,371.61,332.51,425.61,441.11,612.31,640.2
1,5781,6611,6061,5291,5491,5311,6261,670
16881,7081,7781,7381,6541,5721,5911,6411,6411,6191,5061,5941,6121,622
Type of structure
1 unit
938.3746.1722.8716.2750.2720.1709.9563.2650.6694.7625.9646.8906.1
1,033.1882.1643.8675.5893.6
1,126.11,182.6
981.5710.4564.3546.4901.5922.4956.6
1,077.61,024.4
993.8931.7793.9753.5910.7986.5
1,068.5997.3
1,069.51,062.41,187.61,231.8
1,1651,2001,1621,1551,1741,1431,1911,2021,1711,2101,2541,2961,2791,3061,2421,2141,2431,2411,2471,2101,1711,1781,2001,228
2 to 4units
77.164.667.687.1
118.9100.884.861.073.084.385.288.1
132.9148.6117.064.363.993.1
121.3130.6125.4114.5101.888.3
133.6142.6120.1108.489.375.767.054.343.145.852.362.263.765.868.569.266.4
687772576473747270696377797269675964636663626870
5 unitsor more
192.9187.4273.8383.3465.6464.9445.1347.7417.5574.4612.7616.7885.7
1,037.2820.5366.2199.8309.5442.7487.3444.8365.7319.4365.8570.1616.8656.6583.5421.1386.1339.8262.6152.1138.4160.2241.0271.5290.3310.3355.5342.0
345384372317311315361396328447371335420360343291289336331343272354344324
1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department of Hous-ing and Urban Development "Turnkey" orogram are classified as private housing. Military housing starts, including those financed with mort-gages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded from total privatestarts.2 Authorized by issuance of local building permit: in 19,000 permit-issuing places beginning 1994; in 17.000 places for 1984-93; in 16,000places for 1978-83; in 14,000 places for 1972-77; in 13,000 places for 1&7-71; in 12,000 places for l§63-66; and in 10,000 places priorto 1963.3 Not available separately beginning January 1970.4 Series discontinued December 1988.
Source: Department of Commerce, Bureau of the Census.
369
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-55.—Manufacturing and trade sales and inventories, 1954-99[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
195419551956195719581959I960196119621963 "I":.:1964196? ::::::19661967196819691970197119721973197419751976197719781979198019811982 :::::::1983198419851986198719881989
19911992199319941995199619971998 .. .1998: Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1999= JanFebMarAprWayJuneJulyAugsept1:::.:...:OctNov*
Total manufacturing andtrade
Sales1
46,44351,69454,06355,87954,20159,72960,82761,15965,66268,99573,68280,28387,18790,82098,685105,690108,221116,895131,081153,677177,912182,198204,150229,513260,320297,701327,233355,822347,625369,286410,124422,583430,419457,735497,157527,039545,909542,815567176595,444638,742684,261717,135752,095777,772
m774,054773,653772,689775,648775,112774,164781,291784,513788,042796,406794,865803,481812,055812,237821,761829,593834,062844,439842,647846,797858,160
Inven-tories2
73,17579,51687,30489,05287,05592,09794,71995,580101049105,463111,504
illiii178,594188,991203,227234,406287,144288,992318,345350,706400,931452,640508,924545,786573,908590,287649,780664,039662,738709,848767222815,455840,663834,715842,939870,316934,342994,826,013,201,060,326,095,042
l]074i2431,077,1011,077,2941,078,5061,079,8041,083,7161,088,4141,091,2461,095,0411,095,0421,095,2091,098,3081,103,6191,105,6541,108,9011,112,3111,115,7901,119,2511,124,0161,127,7721,137,356
Ratio3
1.601.471.551.591.611.541.561.561.541.531.511.511.571.601.591.611.651.621.551.531.611.591.561.531.541.521.561.531.671.561.531.561.551.501.491.521.52
ffi1.441.411.431.41aa1.391.391.391.391.391.401.391.391.391.371.381.371.361.361.351.341.34
!ii1.331.33
Manufac-turing
Sales1
23,35526,48027,74028,73627,24830,28630,878
35̂ 058m.44,87046,48650,22953,50152,80555,906
8479086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326224,619236,698242,686239,847250,394260,635279,002299,555309,622327,452337,687331,937335,883338,991335,553333,622335,110335,380336,445340481340,133341,423344,247341,673343,724349,065347,568350,624354,702357,301361,844358,709360,201364,913
Inven-tories2
41,61245,06950,642m52,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157265,215283,413311852312,379339,516334,749322,654338,109369,374391,212405,073390,950382,510384,039404,877430985436,729456,133466,798458,197461,178461,948464,668465,729466,701467,636468,445468,552471,031471,000466,798464,867464,198463,578463,194463,742462,690465,043464,351465,669467,522469,518
Ratio3
1.811.621.731.801.841.751.741.771.741.711.701.661.741.821.801.831.921.831.721.711.861.841.771.661.671.681.721.691.951.781.731.731.681.591.571.631.651.651.541.471.411.411.40
iiii)1*1.401.391.391.391.381.381.381.361.361.351.331.331.321.301.301.281.301.301.29
Merchantwholesalers
Sales1
8,9939,89310,51310,47510,25711,49111,65611,98812,67413,38214,52915,61116,98719,57621,01222,81824,16726,49229,86638,11547,98246,63450,69856,13666,41379,05193,099101,18095,21199,225112,199113,459114,960122,968134,521143,760149,506148,306154,150161,223172,237187,889198,668206,671211,251209,635209,112210,555211,441210,436210,660211,665209,621211,305211,499212,157215,550213,597216,138219,595219,921223,909227,863227,293229,827231,135233,048236,805
Inven-tories2
10,63711,67813,2601273012,73913,87914,12014,48814,93616,04817,00018,31720,76525,78627,16629,80033,35436,56840,29746,91858,6675777464,62273,17986,93499,679122,631129,654127,428130,075142,452147,409153,574163,903178,801187,009195,775200,376208,244216,974235,413253,565255,871273,885287,484273,523276,503278,013277,163278,837278,881279,067281,803284,138284,073285,615287i484286,698288,638289,360289,636290,216291,367293,982295,558298,469299,793302,947
Ratio3
1.181.131.191.231.241.211.211.211.181.201.171.171.221.321.291.311.381.381.351.231.221.241.271.301.311.261.321.281.361.281.23
i*1.291.301.281.291.331.321.321.311.321.291.281.331.301.321.321.311.331.321.321.341.341.341.351.331.341.341.321.32
ii§1.291.291.291.291.28
Retailtrade
Sales1
14,09515,32115,8111666716,69617,95118,29418,24919,630m23,67725,33024,75727,44529,37131,24934,49738,18942,63145,14148,97554,65560,17667,00274,71379,74386,51489,06297,514107,243114,586120,803128,442138,017146,581153,718154,661162,632173,586187,503196,816208,845217,972228,834223,038224,158224,508226,659228,631229*78228,067228,098229,505232,881234,462236,609239,595243,619243,395244,748247,228247,028249,468252,768252,803253,548256,442
Inven-tories2
20,92622,76923,40224,45124,11325,30526,8132622127,94129,38631,09434,40538,07335,24938,88542,45543,6414985654,80962,98970,85271,51079,08789,149102,306110,804121,078132,719134,628147,833167,812181,881186,510207,836219,047237,234239,815243,389252,185269,303294,052310,276320,601330,308340,760331,323331,938334,282335.270332,728332,924333,101333,468335,724336,142338,426340,760343,644345,472350,681352,824354,943358i254356,765359,342359,878360,457364,891
Ratio3
1.511.431.471.441.441.411.471.441.42
ft1.451.501.421.421.451.401.451.441.481.571.461.451.481.531.481.521.531.491.441.491.521.561.551.541.581.561.541.521.511.501.551.511.491.461.491.481.491.481.461.451.461.461.461.441.441.441.431.421.441.441.441.451.431.421.421.421.42
1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Inventories beginning January 1982 for manufacturing and December 1980 for wholesale and retail
trade are not comparable with earlier periods.3 Inventory/sales ratio. Annual data are: beginning 1982, averages of monthly ratios; for 1958-81, ratio of December inventories to monthly
average sales for the year; and for earlier years, weighted averages. Monthly data are ratio of inventories at end of month to sales formonth.
Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale and retailtrade.
Source: Department of Commerce, Bureau of the Census.
370
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-56.—Manufacturers' shipments and inventories, 1954-99[Millions of dollars; monthly data seasonally adjusted]
Year or month
195419551956 .".'..' '"195719581959 .'1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981998-Jan
FebMar
f,-JuneJulyAugSeptOctNovDec
1999:JanFebMarAorMayJuneJulyAugSeptOctNov
Shipments1
Total
23,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650,22953,50152,80555,90663,02772,93184,79086,58998,797113,201126,905143,936
154,391168,129163,351172,547190,682194,538194,657206,326224,619236,698
242,686239,847as279,002299,555309,622327,452337,687331,937335,883338,991335,553333,622335,110335,380336,445340,481340,133341,423344,247
341,673343,724349,065347,568350,624354,702
357,301361,844358,709360,201364,913
Durablegoodsindus-tries
11,82814,07114,71515,23713,55315,597
15,87015,60117,24718,25519,61122,19324,61725,23327,62429,403
28,15629,92433,9873963544,17343,59850,62359,16867,73175,927
77,41983,72779,21285,48197,940101,279103,238108,128118,458123,158123,776121,000128,489135,886149,131160,586167,013179,892189,666182,303187,298189,998186,843185,789186,536186,907188,789192,842193,818194,823195,531194,091194,465198,292197,246199,425200,990203,268205,709201,895202,306204,293
Nondur-able.goodsindus-tries
11,52712,40913,02513,49913,69514,68915,00815,32116,11116,80317,72018,80220,25321,25322,60524,09824,64925,98229,04033,29640,61742,99148,17454,03359,17468,00976,97284,40284,13987,06692,74293,25991,41998,198106,161113,540118,910118,847121,905124,749129,870138,970142,608147,560148,022149,634148,585148,993148,710147,833148,574148,473147,656147,639146,315146,600148,716147,582149,259150,773150,322151,199153,712
154,033156,135156,814157,895160,620
Inventories2
Total
41,61245,06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145
101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157
265,215283,413311,852312,379339,516334,749322,654338,109369,374391,212
405,073390,950382,510384,039404,877
436,'729
tt)S458,197461,178461,948464,668465,729466,701467,636468,445468,552471,031471,000466,798464,867464,198463,578463,194463,742462,690465,043464,351465,669467,522469,518
Durable goods industries
Total
23,71026,40530,44731,72830,19432,01232,33732,49634,56535,77638,42142,18949,85254,89658,73264,59866,65166,13670,06781,192101,493102,590111,988120,877138,181160,734
174,788186,443200,444199,854221,330218,193211,997220,799242,468257,513263,209250,019238,105239,334253624268,353273,815286,372295,344288,086290,153290,887293,393294,375295,143295,669296,913296,757298,561297,981295,344
293,563294,030293,391292,415292,403291,645293,505292,461292,901293,448294,704
Mate-rialsand
supplies
7,8949,19410,41710,6089,97010,70910,30610,24610,79411,05311,94613,29815,46416,42317,34418,63619,14919,67920,80725,94435,07033,90337,45740,18645,19852,670
55,17357,99859,13660,32566,03163,90461,33163,56269,61172,43573,55970,83469,4597259078,4688557786,43889,84491,74090,77991,42891,92292,47092,77893,19893,44593,04293,29193,34593,11591,74091,97492,43692,29891,72291,67792,03192,91892,53192,99092,87294,186
Workin
proc-ess
9,72110,75612,31712,83712,40813,08612,80913,21114,12414,83516,15818,05521,90824,93327,21330,282
29,74528,55030,71335,49042,53043,22746,07450,22658,84869!325
76,94580,99886,70786,89998,25198,16297,000102,393112,958122,251124,130114,960104,424102,468107,037107,209111,289117,236121,246117,542
IKS120,494121,101121,420121,367122,862122,063123,446122,509121,246119,364119,250118,609117,829117,183116,056116,737115,260115,393115,659115,558
Finishedgoods
6,0406,3487,5658,12578168,2179,2229,0399,647
£!*Bff13,54014,17515,68017,75717,90718,54719,75823,89325,46028,45730,46534,13538,739
42,67047,44754,60152,63057,04856,1275366654,84459,89962,827
888$68,11975,56776,08879,29282,35879,76580,36380,52780,42980,49680,52580,85781,00981,40381,77082,35782,35882,22582,34482,48482,86483,54383,55883,85084,67084,51884,91784,960
Nondurable goods industries
Total
17,90218,66420,19520,14320,00920,90121,44922,37523,60724[253
26J0182813429,75031,82833,547
34,94836,43138,05443,30756,13257,11862,64867,50173,51081,42390,42796,970111,408112,525118,186116,556110,657117,310126,906133,699141,864140,931144,405144,705151,253162,632162,914169,761171,454170,111171,025171,061171,275171,354171,558171,967171,532171,795172,470173,019171,454171,304170,168170,187170,779171,339171,045
171,538171,890172,768174,074174,814
Mate-rialsand
supplies
8,1678,5568,9718,7758,6769,0949,0979,5059,83610,00910,16710,48711,19711,76012,32812,75313,16813,68614,67718,14723,74423,56525,84727,38729,61932,814
36,60638,16544,03944,81645,69244,10642,33545,31949,39650,674
52,64553,01154,00755,07258,1576232460,41661,23362,30661,73262,13062,36462,08661,92662,37462,67362,6276283862,69162,747
. 62,30662,0416150361,09061,02761,16660,92160,99760,89561,16061,19261,630
Workin
proc-ess
2,4402,5712,7212,8642,8272,9422,9473,10833043,4203,5313,8254,2264,4314,8525,1205,2715,6785,9986,7298,189
9i92910,96112,08513,91015,88416,19418,61218,69119,32819,44218,12419,27020,55921,65322,81722,81523,53223,37124,63826,00726,62129,49829,34429,34829,62229,39029,74629,80029,82829,67829,27529,16429,40229,79529,344
29,44129,45729,78630,34730,61030,55330,33629,97230,19430,55930,838
Finishedgoods
7,4157,6668,6228,6248,5068,8659,4059,76210,46710,8241129111,70612,71113,55914,64815,674
16,50917,06717,37918,43124,19924,71926,87229,15331,80634,69937,93742,61148,75749,018
5CU9852,72156,95161,37266,40265,10566,86666,26268,45874,30175,87779,03079,80479,03179,27379,30779,44379,62879,35679,61679,63079,79380,37780,47779,80479,82279,20879,31179,40579,56379,571
80,20581,02381,41482,32382,346
1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Data beginning 1982Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.
are not comparable with data for prior periods.
371
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TABLE B-57.—Manufacturers' new and unfilled orders, 1954-99[Amounts in millions of dollars; monthly data seasonally adjusted]
Year or month
1954195519561957 . . .1958195919601961 "I"..!.'.'."...1962196319641965 . ..196619671968196919701971197219731974 ....'.1975197619771978197919801981 I'.'. ™"1982198319841985198619871988198919901991199219931994 .. ..19951996199719981998-Jan
FebMarAorMayJuneJulyAug
tfNovDec
1999:JanFebMar
fcEJuneJulyAugSeptOctNov/>
Neworders1
Total
22,33527,46528,36827,55927,19330,71130,23231,11233,44035,51138,2404213746,42047,06750,65753,99052,02255,92164,18276,00387,32785,13999,513115,109131,629147,604156,359168,025162,140175,451192,879195,706195,204209,389228,270239,572
. 244,507238,805248,212257,698279,733300,632312,442329,335336,140336,432334,446334712337,502330,233331,188334,821337,815340,388334,663335,930343,982349,314343,046349,722344,915348,259351,128359,903364,440360,886360,725365,477
Durable goodsindustries
Total
10,76814,99615,36514,11113,38715,97915,28815,7531736318,67120,50723,28626,16325,80328,05129,87627,34029,90535,03842,62746,86241,95751,30761,03572,27879,48379,392m88,140100,164102,356103,647110,809122,076126,055125,583119,849126308133,081149,542161,782169,711181,726188,308187,048186,033185,963188,921182,777182,986186,617190304192,783188,523189,193195,574201,708193,786199,366194,674196,609197,084205,532207,446204,349202,442204,550
Capitalgoods
industries,non-
defense
6,3147!0466,0726,6827,7459,92611,5949,88611,49013,68117,58821,15421,13521,80619,2131962423,66924,54523,98226,09431,10832,98833,33130,47131,52431,69435,69740,51144,63148,16551,70052,30250,43650,50251,24050,83451,05350,76355,37153,54050,13850,67552,00556,86353,23353,29952,52553,04150,94855,03056,42356,05056,29154,319
Non-durablegoods
industries
11,56612,46913,00313,44813,80514i73214,94415,35916,07816,84017,73218,85120,25821,26522,60624,11424,68226,01629,14433,37640,46543,18148,20654,07359,35168,12176,96784,37184,07787,31192,71593,351m106,194113,516118,924118,957121905124,617130,191138,851142,730147,610147,832149,384148,413148,749148,581147,456148,202148,204147,511147,605146,140146,737148,408147,606149,260150,356150,241151,650154,044154,3711 KC 004130,794
1601927
Unfilledorders2
Total
48,26660,00467,37553,18346,60951,71744,21346,62447,79853,41764,51878,24996,846103,711108,377114,341105,008105,247119,349156,561187,043169,546178,128202024259,169303,593327,416326,547311,887347,273373,529387,196393,515430,426474,154508,849531,131519,199492,893457,810466,699479,674513,062536,131519,038540,626539,189534,910536,859533,470529,548528,989530,359530,266524,796519303519,038526,677525,9995«m520,666523,262525,439525,963526,527
Durablefoods
industries
45,25056,24163,88050,35243,80748,36941,65043,58245,17050,34661,31574,45993,00299,735104,393110,161100,412100,225113,034149,204181,519161,664169,857193,323248,281291,321315,202314,707
333;il4359,651372,097376,699408,688452,150487,098509,124495,802469,381436,017440,998455,459487,441509,927495,172514,672513,407509,372511,450508,438504,888504,598506,113506,054500,759495,129495,172502,787502,108503,182500,610497,794493,888496,152497,889500,343500,479500,736
Non-durablegoods
industries
3,0163,7633,4952,8312,8023!3482,5633,0422,6283,0713,2033,7903,8443,9763,9844,1804,5965,0226,3157,3575,5247,8828,2718,70110,88812,27212,21411,84011,08914,15913,87815,09916,81621,73822,00421,75122,00723,39723,51221,79325,70124,21525,62126,20423,86625,95425,78225,538
gff24,66024,39124,24624,21224,03724,17423,86623,89023,89123,47423,39323,84424,17624,51425,37325,09625,48425,791
Unfilled orders— shipmentsratio3
Total
3.423.633.873.353.022.942.712.582.642.742.993.253.743.663.793.713.613.323.263.804.093.693.243.243.573.893.853.873.843.533.603.673.593.633.643.964.154.083.513.142.922.812.932.802.612.862.802.752.792.792.742.722.742.702.662.612.612.672.672.642.632.592.572.552.532.582.572.54
Durablegoods
industries
4.124.274.554.003.623.473.293.083.183.313.593.864.484.374.584.454.364.003.854.514.934.453.883.854.204.624.584.684.744.294.374.474.414.434.464.855.155.074.303.803.503.383.493.333.073.413.313.253.313.313.243.233.243.173.123.063.073.143.153.103.083.033.012.982.953.022.992.97
Non-durablegoodsindus-tries
0.961.121.04.85.85.92.71.78.68.72.71.79.75
ii.69.76.76.86.91.62.82.74.71.81.82.75.69.62.69.64
*.83.76.77
.3
.75
.71
.75
.68
.72
.69
.64
*.68.67.66.65
£.66.65.65.64.64.64.64.63
fi.65.67
%.67
1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate to sea-sonally adjusted data for December.
Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.
372
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PRICES
TABLE B-58.—Consumer price indexes for major expenditure classes, 1958-99[For all urban consumers; 1982-84=100, except as noted]
Year or month
19581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980igSi :19821983198419851986198719881989199019911992199319941995199619971998 4
199951998:Jan4
FebMarAprMayJune :::::.:...:..:,..JulyAugSeptOctNovDec
1999- Jan 5
FebMarApr . . . .MayJuneJulyAugSeptOctNovDec
AH fame
(CPMJ)
28.929.129.629930.230631031.5
33434.836738.840.541844449.353856.960.665272.682.490.996599.6
10391076109.6113.6118.31240130.71362140.3144.51482152.41569160.5163.01666161.61619162.2162.5162.8163.0163.2163.4163.6164.0164.0163.91643164.5165.01662166.21662166.7167.11679168.21683168.3
Foodbever
TotaM
3503fi?38140.141443148855.560262165.872279986793.597399.5
103210561091113.5118.21249132.11368138.7141.61449148.915371577161.11646160.31598160.1160.2160.7160.6160.9161.4161.5162.4162.5162.71639163.8163.71639164.21641164.2164.7165.1165.51657165.9
andages
Food
30.229.730.0304306311315322
34 135.337139.240.442148255.159861.665.572079.986893.697499.4
10321056109.0113.5118.21251132.41363137.9140.91443148.415331573160.71641159.91594159.7159.8160.3160.1160.5161.0161.1162.0162.1162.31636163.3163.3163.4163.71636163.8164.2164.6165.11652165.4
Apparel
44645.045.746146346947347849.0510?3756859.261162364669.472575278.681484990995.3978
100210211050105.9110.6115.41186124.11287131.9133.71334132.013171329133.01313129.81319134.9135.8135.3132.5129.6131.6133.6135.6135.0130.71279129.7132.71352134.21309127.3127.51318134.61336130.1
MniK
ing
30832.034036.438.039441245.850753.857.462470.181190.496999.5
10361077110.9114.2118.51230128.51336137.5141.21448148.515281568160.41639158.31588159.2159.5159.7160.6161.2161.5161.5161.4161.3161.31618162.3162.8163.0163.01641164.7165.0165.2165.0164.9164.8
Trans-
Ction
28629.829.830130830931431932.3333343357
39539941245.850155159.061770583193.2970993
103710641023105.4108.71141120.512381265130.41343139.114301443141.61444142.71421141.4141.5142.0141.7141.8141.2140.7141.3141.5140.71404139.8140.61443144.21434144.7145.71465147.3147.6148.3
UoHiralcare
20.621.522.322923.524124625226.328229.931934.036137338842.447552.057.061867.574982.9925
100.6106811351220130.1138.61493162817701901201.42110220.522822346242.12506238.12393239.8240.7241.4242.0242.7243.5243.9244.3244.7245.22466247.7248.32491249.52502251.1251.92523252.82533254.2
Enter-tain-ment
40743.045247.550.0515S?9
62 065.168.371976.783690.1960
100.110381079111.6115.3120.31265132.41384142.3145.81501153.91591162.5
tion 2
101.11020100.31007101.0101.1101.0101.2101.1101.3101.3101.1101.3101.21017101.8101.81020102.21022102.2102.2101.7101.81019102.0
Educa-tinn anri
communi-cation2
100.3101299.999.899.999.9
100.1100.1100.0100.1100.9101.0101.0100.71009100.9100.8100.7100.41003100.4101.21019102.1102.2102.3
Otherffonrfcgooosand
services
35136.938740.942.944746449.853957.060.464368.975282.6911
101.1107911451214128.5137.01477159.017161833192.91985206.921542248237.72583231.3233.1232.4234.7236.7236.4237.8238.0240.4241.3240.5250.3255.4255.0253.3256.1255.82559258.3257.6262.6263.2263.0263.0
Pnorgy3
21.521.922.422522.622622522.923.323824.224825.526.527229.438.142145.149.452565.786.097.799299.9
1009101688.288.689.3943
102.11025103.0104.21046105.21101111.5102.9106.6105.9103.2101.6101.9103.8105.7105.2103.8102.7101.3100.598.998.197398.4
105.0105.6106.8108.7111.3113.2111.6111.2112.2
1 Includes alcoholic beverages, not shown separately.2 December 1997=100.3 Household fuels—gas (piped), electricity, fuel oil, etc.̂ and motor fuel. Motor oil, coolant, etc. also included through 1982.4 Data beginning 1998 reflect changes in series composition and renaming.5 Data beginning 1999 reflect a change in the formula used for calculating the basic components of the consumer price index as well asother changes in methodology.
Note.—Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs.Source: Department of Labor, Bureau of Labor Statistics.
373
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TABLE B-59.—Consumer price indexes for selected expenditure classes, 1958-99[For all urban consumers; 1982-84=100, except as noted]
Year ormonth
19581959I960196119621963196419651966196719681969 ..I"I".Z"!19701971197219731974 . . .197519761977197819791980 .19811982 . .19831984198519861987 . . .1988198919901991199219931994
1997 !"""!!!""ZZ1998 «1999s
1998: Jan4
FebMar
fczzzJune ,JulyAugSeptOcTNovDec
1999- J an 5 .FebMarAorMayJuneJulyAue
tfNovDec
Food and beverages
Total1
35.036.238.140.141.443.148.855.560.262.1
8!79.986.793.597.3
105:6109.1113.5118.2124.9132.1136.8138.7141.6144.9148.9153.7157.7161.1164.6160.3159.8160.1160.2160.7160.6160.9161.4161.5162.4162.5162.7163.9163.8163.7163.9164.2164.1164.2164.7165.1165.5165.7165.9
Food
Total
30.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.1
818i79.986.893.697.499.4
103.2105.6109.0113.5118.2125.1132.4
140^144.3148.4153.3157.3160.7164.1159.9159.4159.7159.8160.3160.1160.5161.0161.1162.0162.1162.3163.6163.3163.3163.4163.7163.6163.8164.2164.6165.1165.2165.4
Athome
32.031.231.531.832.032.432.733.535.235.136.338.039.940.942.749.757.1
H66.8ffi88.494.898.199.1
102.8104.3107.3111.9116.6124.2132.3135.8136.8140.1144.1148.8154.3158.1161.1164.2161.0160.0160.2160.2160.7160.5160.8161.4161.2162.5162.5162.6164.3163.8
iffi163.9163.7163.7164.1164.5165.1165.1165.4
Awayfromhome
24.124.825.426.026.727.327.828.429.731.332.934.937.539.441.044.249.854.558.262.668.375.983.490.995.8
100.0104.2108.3112.5117.0121.8127.4133.4137.9140.7143.2145.7149.0152.7157.0161.1165.1159.2159.6159.9160.2160.6160.7161.1161.5162.1162.3162.6163.0163.5163.8164.2164.5164.6164.6165.1165.6165.8166.2166.5166.8
Housing
Total
30"832.034.036.438.039.441.245.850.753.857.462.470.181.1
8*ffi107.7110.9114.2118.5123.0128.5133.6137.5141.2144.8148.5152.8156.8160.4163.9158.3158.8159.2159.5159.7160.6161.2161.5161.5161.4161.3161.3161.8162.3
ffii163.0164.1164.7165.0165.2165.0164.9164.8
Shelter
Total2
24.524.725.225.425.8
2H27.828.830.132.635.537.038.740.544.448.851.554.960.568.981.0
mitt109.8115.8121.3127.1132.8140.0
ifil155.7160.5165.7171.0
ffii187.3179.2180.1180.8181.0181.2181.8182.6183.3183.4183.9184.0184.0184.7185.5186.3186.6186.5187.2188.0188.3188.3188.5188.6188.6
Rent ofprimary
resi-dence
37.638.238.739.239.740.140.540.941.542.243.344.746.548.750.452.555.258.061.164.869.374.380.987.994.6
100.1105.3111.8118.3123.1127.8132.8138.4143.3146.9150.3154.0157.8162.0166.7172.1177.5169.5169.9170.3170.7171.1171.7172.2172.8173.4173.9174.5174.9175.3175.6176.0176.4176.7177.1177.5177.9178.4178.8179.8180.3
Owners'equiva-lent rentof pri-maryresi-
dence3
•" —
i02"5107.3113.2119.4124.8131.1137.4144.8150.4155.5160.5165.8171.3176.8181.9187.8192.9185.1185.5185.9186.4186.8187.4188.0188.5189.2189.8190.3190.7191.0191.3191.5191.9192.2192.6193.0193.4193.9194.2194.9195.2
Fuels and utilities
Total2
24.825426.026.326.326.626.6
27.127.428.029.131.132.534.340.745.449.454.758.564.875.486.494.9
100.2104.8106.5104.1103.0104.4107.8111.6
11H121.3122.8123.7127.5130.8128.5128.8128.8127.4127.1127.0127.9131.2131.3130.6130.0127.1126.5126.6126.2126.0125.9125.7126.5130.2131.1131.4132.7130.3130.0129.6
PlMklcrucio
Total
21.421.722.123.124.725.727.534.439.443.349.053.061.374.887.295.6
100.5104.0104.599.297.398.0
100.9104.5106.7108.111L2111.7111.5115.2117.9113.7113.5114.5112.8112.5112.3113.2116.8116.8115.9115.2112.0111.4111.4110.9110.6110.5110.2111.0115.1116.0116.2117.6115.0114.6114.1
Fueloil
andotherfuels
13.713.913.814.114.214.414.414.615.015.516.016.317.018.218.321.133.236.438.843.946.262.486.1
104.6103.497.299.495.977.677.978.181.799.3
8!90.3
8!99.299.890.091.496,495.294.492.891.889.587.886.785.986.486.886.1
8*86.287.787.787.387.5
8i97.6
100.7106.3
Gas(piped)
andelec-tricity
21.922.4
8i23.523.523.523.523.623.723.924.325.427.128.529.934.540.144.750.555.061.071.481.993.2
101.5105.4107.1105.7103.8104.6107.5
182114.8118.5119.2119.2122.1125.1121.2120.9121.6119.7119.4119.4120.5124.7124.9124.0123.3119.6118.9118.9118.3118.0117.9117.5118.4123.0124.0124.1125.3122.0121.4120.3
Furnish-ingsand
opera-tions
42.043.645.246.848.649.751.156.863.467.370.474.779.986.393.098.0
100.2101.9103.8105.2107.1109.4111.2113.3116.0118.0119.3121.0123.0124.7125.4126.6126.7125.6126.1126.3127.0126.6126.7127.2126.8126.5126.6126.6126.6126.8126.7126.7127.2126.7126.8126.8126.8127.0126.6126.4126.4
1 Includes alcoholic beverages, not shown separately.2 Includes other items, not shown separately.3 December 1982=100.See next page for continuation of table.
374
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—59.—Consumer price indexes for selected expenditure classes, 1958-99—Continued[For all urban consumers; 1982-84=100, except as noted]
Year or month
19581959I96019611962 .19631964196519661967 .1968196919701971197219731974197519761977197819791980198119821983 ..198419851986 ..1987198819891990199119921993199419951996199719984
1999 5
1998: Jan*FebMarAprMayJuneJulyAug "'ISeptOct.::::::::::::::::::::NovDec
1999: Jan5
FebMarAprMayJune ::::..:.:..::::JulyAug "::::::Septojr::::::NovDec
Transportation
Total
28.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3
103.7106.4102.3105.4108.7114.1120.5123.8126.5130.4134.3139.1143.0144.3141.6144.4142.7142.1141.4141.5142.0141.7141.8141.2140.7141.3141.5140.7140.4139.8140.6144.3144.2143.4144.7145.7146.5147.3147.6148.3
Private transportation
Total2
29.530.830.630.831.431.632.0
32:933.834.836.037.5
8341.046.250.655.659.762.571.784.293.897.199.3
103.6106.2101.2104.2107.6112.9118.8121.9124.6127.5131.4136.3140.0141.0137.9140.5139.3138.4137.5137.7138.4138.2138.0137.4137.0137.7138.0137.2136.7135.9136.4140.1140.2139.7140.6141.9142.9143.3143.6144.4
New vehicles
Total2
50.152.351.651.651.451.150.949.848.949.350.751.553.155.354.854.858.063.067.070.5
21lii97.599.9
102.6106.1110.6114.4116.5119.2121.4126.0129.2132.7137.6141.0143.7144.3143.4142.9144.4144.4144.4144.3143.3142.6142.7142.8142.3142.5143.5144.1144.4143.8143.4143.3142.9142.5142.0141.4141.6142.3143.1143.6
cars
50.052.251.551.551.351.050.949.748.849.350.751.553.055.254.754.857.962.966.970.475.881.888.493.797.499.9
102.8106.1110.6114.6116.9119.2121.0125.3128.4
itt139.0141.4141.7140.7139.6141.8141.7141.7141.5140.6140.0140.1140.0139.4139.7140.6141.3141.4140.8140.3140.1139.6139.1138.6138.0138.2138.8139.6140.1
Usedcarsand
trucks
24.026.825.026.028.428.730.029.8
30.9
I2o33.1
154.755.860.262.376.988.898.7
112.5113.7108.8113.1118.0120.4117.6118.1123.2133.9141.7156.5157.0151.1150.6152.0148.1148.4147.3148.2150.0150.9151.3151.1151.9153.0154.0153.1150.6148.3147.4148.3149.6150.9152.3153.8155.7156.4156.1155.0
Motorfuel
23.423.724.424.124.324.224.125.125.626.426.827.627.928.128.431.242.245.147.049.751.870.197.4
108.5102.899.497.998.777.180.280.988.5
101.299.499.098.098.5
100.0106.3106.2
92.2100.797.894.190.991.794.794.893.791.690.090.889.786.285.083.686.3
100.9101.499.2
102.5107.8110.3110.0109.3112.2
Motorvehiclemainte-nanceand
repair
25.426.026.527.127.527.828.228.729.230.432.134.136.639.341.143.247.653.757.661.967.073.781.589.296.0
100.3103.8106.8110.3114.8119.7124.9130.1136.0141.3145.9150.2154.0158.4162.7167.1171.9165.0165.5165.7165.7165.9166.5166.8167.3168.3169.0169.5169.6169.8170.4170.6170.9171.3171.7172.1172.1172.8173.2173.6173.8
Publictrans-porta-tion
20.921.522.223.224.024.324.7
%27.428.730.935.237.839.339.740.643.547.850.051.554.969.085.694.999.5
105.7110.5117.0121.1123.3129.5142.6148.9151.4167.0172.0175.9181.9186.7190.3197.7187.1191.2193.7193.4190.4188.2192.0192.2190.2189.9187.4188.4
ittiffl198.4192.6200.8197.1194.7201.5202.2201.2
Medical care
Total
20.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5
100.6106.8113.5122.0130.1138.6149.3162.8177.0190.1201.4211.0220.5228.2234.6242.1250.6238.1239.3239.8240.7241.4242.0242.7243.5243.9244.3244.7245.2246.6247.7248.3249.1249.5250.2251.1251.9252.3252.8253.3254.2
Medicalcarecom-
modities
46.146.846.946.345.645.245.145.045.144.945.045.446.547.347.447.549.253.356.560.264.469.075.483.792.3
100.2107.5115.2122.8131.0139.9150.8163.4176.8188.1195.0200.7204.5210.4215.3221.8230.7217.6218.4218.5220.2221.5222.1222.2223.1224.0224.2224.5225.6225.9226.8227.7229.3229.4230.5231.7232.5233.1233.2233.7234.6
Medicalcare
services
17.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6
100.7106.7113.2121.9130.0138.3148.9162.7177.1190.5202.9213.4224.2232.4239.1246.8255.1242.9244.2244.8245.4245.9246.5247.4248.2248.4249.0249.3249.6251.3252.6
254:0254.6255.5256.2256.6257.1257.7258.5
'See footnote 4, Table B-58.5 See footnote 5, Table B-58.Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.
375
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—60.—Consumer price indexes for commodities, services, and special groups, 1958—99[For all urban consumers; 1982-84=100, except as noted]
Year or month
1958195919601961196219631964196519661967:::"" .::/::::'19681969197019711972 :197319741975197619771978 ...::.::::::::::' :..::19791980198119821983198419851986 ::..:::: :1987198819891990
1992199319941995 .19961997199819991998Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1999:JanFebMarAprHay ::TJuneJulyAug .:,:::::: ::SeptocTNovDec
Allitems
(CPMJ)
28.929.129.629.930.230.631.031.532.433.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6
103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9160.5163.0166.6161.6161.9162.2162.5162.8163.0163.2163.4163.6164.0164.0163.9164.3164.5165.0166.2166.2166.2166.7167.1167.9168.2168.3168.3
Commodities
Allcom-
modities
33.333.333.633.834.134.434.835.236.136.838.139.941.743.244.547.853.558.260.764.268.876.686.093.297.099.8
103.2105.4104.4107.7111.5116.7122.8126.6129.1131.5133.8136.4139.9141.8141.9144.4141.6141.5141.5142.0142.3141.8141.6141.7141.8142.6142.5142.2142.5142.2142.6144.6144.5143.9143.9144.5145.8146.4146.2146.1
Com-modi-tieslessfood
35.335.836.0
ili36.636.937.237.738.640.041.743.445.146.147.752.857.660.563.867.575.385.793.196.9
100.0103.1105.2101.7104.3107.7112.0117.4121.3124.2126.3127.9129.8132.6133.4132.0134.0131.9131.9131.8132.4132.7132.1131.5131.4131.6132.3132.1131.7131.4131.1131.7134.6134.3133.4133.4134.0135.8136.3136.1135.9
Services
Allservices
22.623.324.124.525.025.526.026.627.628.830.332.435.037.038.440.143.848.052.056.060.867.577.988.196.099.4
104.6109.9115.4120.2125.7131.9139.2146.3152.0157.9163.1168.7174.1179.4184.2188.8181.8182.4182.9183.2183.4184.2184.9185.3185.5185.5185.6185.7186.3186.9187.6187.8187.9188.6189.5189.9190.1190.2190.5190.5
Servicesless
medicalcare
services
23.624.225.025.425-926.326.827.428.329.330.832.935.637.538.940.644.348.352.255.960.767.578.288.796.499.2
104.4109.6114.6119.1124.3130.1136.8143.3148.4153.6158.4163.5168.7173.9178.4182.7176.1176.6177.2177.4177.6178.4179.0179.5179.6179.7179.7179.8180.3180.9181.5181.8181.8182.6183.4183.8183.9184.1184.3184.3
Special indexes
Allitemslessfood
28.629.229.730.030.330.731.131.632.333.4
ft39.040.842.043.748.052.556.059.663.971.281.590.496.399.7
104.0108.0109.8113.6118.3123.7130.3136.1140.8145.1149.0153.1157.5161.1163.4167.0161.9162.3162.6163.0163.3163.5163.6163.9164.1164.4164.3164.2164.5164.7165.3166.7166.6166.7167.2167.7168.5168.8168.8168.8
Allitemsless
energy
29.729.930.430.731.131.5
33:5
&38.040.342.043.446.150.6
ill61.966.773.481.990.1
«104.3108.4112.6117.2122.3128.1134.7140.9145.4150.0154.1158.7163.1167.1170.9174.4169.0169.6170.1170.4170.5170.5170.8171.2171.6172.2172.3172.3172.9173.2173.7174.2174.1174.0174.3174.5175.1175.7175.8175.7
Allitemslessfoodand
energy
29.630.230.631.031.431.832.332.733.534.736.338.440.842.744.045.649.453.957.461.065.571.9
8395.899.6
104.6109.1113.5118.2123.4129.0135.5142.1147.3152.2156.5161.2165.6169.5173.4177.0171.2172.1172.6173.0173.1173.0173.3173.8174.2174.7174.8174.8175.3175.7176.2176.8176.6176.6176.9177.1177.7178.3178.4178.2
All itemsless
medicalcare
29.529.830.230.530.831.131.532.033.033.735.137.039.240.842.144.849.854.357.260.865.472.982.891.496.899.6
103.7107.2108.8112.6117.0122.4128.8133.8137.5141.2144.7148.6152.8156.3158.6162.0157.3157.5157.8158.1158.4158.6158.7159.0159.2159.5159.5159.4159.8160.0160.5161.6161.6161.6162.0162.5163.2
iffi163.6
CPI-U-XI (allitems)
/$=97.6)'
31.431.632.232.532.8
34:235.236.337.739.441.343.144.447.251.956.259.463.267.574.082.390.195.699.6
103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9160.5163.0166.6161.6161.9162.2162.5162.8163.0163.2163.4163.6164.0164.0163.9164.3164.5165.0166.2166.2166.2166.7167.1167.9168.2168.3168.3
CPI-U-RS (Dec.1977=100)2
Allitems
104.4114.2126.9138.8147.1153.2159.4164.8167.8173.6179.9187.7197.1204.4209.7215.1219.8225.7231.8236.9240.1245.1238.3238.6239.0239.5239.9240.0240.3240.6240.9241.4241.4241.2241.8242.1242.8244.6244.6244.6245.3245.9247.1247.5247.7247.7
Allitemslessfoodand
energy
"Ms110.8120.6131.8141.7149.6156.7163.5170.2176.9183.9191.3200.1208.8215.5221.8227.2233.3239.1244.4249.6254.5246.8247.9248.7249.3249.2249.1249.4250.0250.6251.3251.4251.4252.1252.7253.4254.3254.0254.0254.4254.7255.6256.4256.6256.3
1CPI-U-X1 is a rental equivalence approach to homeowners' costs for the consumer price index for years prior to 1983, the first year forwhich the official index (CPMJ) incorporates such a measure. CPMJ-X1 is rebased to the December 1982 value of the CPI-U (1982-84=100); thus it is identical with CPMJ data for December 1982 and all subsequent periods. Data prior to 1967 estimated by moving theseries at the same rate as the CPI-U for each year.2CPI research series using current methods (CPI-U-RS) introduced in June 1999. Data for 1999 are preliminary.
Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.
376
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-61.—Changes in special consumer price indexes, 1960-99[For all urban consumers; percent change]
Year or month
I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999
1998:JanFebMarAorMayJuneJulyAueseSt :::::OctNovDec
1999:JanFebMar !
fczzJune
IS ::tf :NovDec
All items(CPI-U)
Dec.to
Dec.1
1.4
L31.61.01.93.53.04.76.25.63.33.48.7
12.36.94.96.79.0
13.312.58.93.83.83.93.81.14.44.44.66.13.12.92.72.72.53.31.71.62.7
Yearto
year
1.71.01.01.31.31.62.93.14.25.55.74.43.26.2
11.09.15.86.57.6
11.313.510.36.23.24.33.61.93.64.14.85.44.23.0
H2.8
i!1.62.2
All items lessfood
Dec.to
Dec.1
1.01.31.01.61.01.63.5
ii5.66.63.02.95.6
12.27.36.16.48.3
14.013.09.84.14.13.94.1
4i64.24.56.3
ii2.72.62.73.11.81.52.8
Yearto
year
1.71.01.01.31.31.62.23.44.55.46.04.62.94.09.89.46.76.47.2
11.414.510.96.53.54.33.81.73.54.14.65.34.53.5
2.82.92.31.42.2
All items lessenergy
Dec.to
Dec.1
1.3
U1.91.31.93.43.24.96.55.43.43.58.2
11.76.64.86.79.1
11.111.78.54.24.54.44.03.84.14.74.65.2y3.12.62.92.92.12.42.0
Yearto
year
1.71.01.31.31.61.63.12.74.45.86.14.23.36.29.88.95.66.47.8
10.011.610.06.73.64.73.93.94.14.44.75.24.63.23.22.73.02.82.52.32.0
All items less foodand energy
Dec.to
Dec.1
1.01.3y1.2
ti3.85.16.26.63.13.04.7
11.16.76.16.58.5
11.312.29.54.54.84.7
114.24.74.45.24.43.33.22.63.02.62.22.41.9
Yearto
year
1.3
ii1.31.61.22.43.64.65.86.34.73.03.68.39.16.56.37.49.8
12.410.47.44.05.04.34.04.14.44.55.04.93.73.32.83.02.72.42.32.1
All items lessmedical care
Dec.to
Dec.1
1.3
J1.61.01.93.42.74.76.15.23.23.49.1
12.26.74.56.79.1
13.412.58.83.63.63.93.5
4'.34.24.55.92.72.72.62.52.53.31.61.52.6
Yearto
year
1.3
1:8ii1.63.12.14.25.45.94.13.26.4
11.29.05.36.37.6
11.513.610.45.92.94.13.41.5
H4.65.23.92.82.72.52.72.82.3
liPercent change from preceding month
Unad-justed
0.2
'.2
'.2
.1
'.20-.1
.2
'.3
o'0.3
15
o'
Sea-sonally
ad-justed
0.1
o'.2
!l.2
!l
'.2
.1
'.2
0'0.3.3.4.2
'.2
Unad-justed
0.1
'.2
'.2
.1
'.2-.1-.1
.2
A.8
.3
15
o'0
Sea-sonally
ad-justed
0.0
!l
!2
.1
!l
'.2.1
'.K
o'.3
!5
'.2
Unad-justed
0.4.4
'.2
o'.2
'.3
o'.3.2
'.3
-!l.2
'.3•3
-!l
Sea-sonally
ad-justed
0.2
'.3
'.2
'.2
'.3
.2
.1
'.2.1
Unad-justed
0.3
'.3ll
'.3
o'.3
'.3
?.2
'.3
-!l
Sea-sonally
ad-justed
0.2.3
'.3
'.1.2
'.2
!l
.1
.1
A
!l.2
'.3
'.2.1
Unad-justed
0.2
'.2
'.2
.1
.2
o'.3
'.3
0'0
'.3
o'0
Sea-sonally
ad-justed
0.1.1
'.30
.2
!l
'.2
o'J
0-.1
.3
A
'.2
1 Changes from December to December are based on unadjusted indexes.Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.
377
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-62.—Changes in consumer price indexes for commodities and services, 7929-99[For all urban consumers; percent change]
Year
19291933193919401941194219431944
194519461947194819491950195119521953195419551956195719581959
I960196119621963196419651966196719681969 ...:: :...19701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992 !199319941995199619971998 '...1999
All items(CPI-U)
Dec.to
Dec.1
0.6.8
0
9.99.03.02.32.2
18.18.83.0
-2.15.96.0.8
->.4
3.02.91.81.7
1.4
L31.61.01.93.53.04.76.25.63.33.48.7
12.36.94.96.79.0
13.312.58.93.83.83.93.81.14.44.44.66.13.1
82.72.53.31.71.62.7
Yearto
year
0-5.1-1.4
5.010.96.11.72.38.3
14.48.1
-1.21.37.91.9.8
L53.32.8
1.71.01.01.31.31.62.93.14.25.55.74.43.26.2
11.09.15.86.57.6
11.313.510.36.23.24.33.61.93.64.14.85.44.23.03.02.62.83.02.31.62.2
Commodities
Total
Dec.to
Dec.1
-0.71.4
13.312.94.22.02.9
24.810.3
1.7-4.1
7.85.9
:i-1.6
~U2.81.2.6
1.20
.91.5.9
1.42.52.54.05.43.92.83.4
10.412.86.23.36.18.8
13.011.06.03.62.92.72.5
-2.04.63.84.16.61.22.01.52.31.43.2
2J
Yearto
year
-2.0
6714.59.31.0
1820.5
7.2-2.7
9.01.3-.3-.9-.91.03.22.10
.9
ii!1.12.61.93.54.74.53.63.07.4
11.98.84.35.87.2
11.312.38.44.12.93.42.1-.93.23.54.75.23.12.01.91.71.92.61.4.1
1.8
Food
Dec.to
Dec.1
2569
-2.52.5
15.7•a03.5
31.311.3-.8
-3.99.87.1
-1.0-1.1-1.8
2!92.82.4
-1.0
3.1
L32.01.33.54.01.24.47.02.34.34.6
20.312.06.6
8!l11.810.210.24.33.12.73.82.63.83.55.25.65.31.91.52.92.92.14.31.52.31.9
Yearto
year
12-28-2.5
li17.611.0-1.2
2.414.521.78.3
-4.21.6
11.01.8
-1.4-.4
-1.4
3^24.5
-1.7
1.01.3
L61.32.25.0
.93.55.15.7
ti14.514.38.53.06.39.9
11.08.67.84.12.13.82.33.24.14.15.85.82.91.22.22.42.83.32.62.22.1
Services
Total
Dec.to
Dec.1
0
A2.32.32.2
.73.65.65.93.7
1!4.44.22.02.03.44.22.73.9
2.52.11.62.41.62.74.84.3
88.14.13.46.2
11.48.27.28.09.3
13.614.213.04.34.85.45.14.54.34.85.15.74.63.63.82.93.53.32.82.62.6
Yearto
year
0.8.8
2l32.21.51.44.36.15.13.05.3
ii3.12.02.54.33.73.1
3.41.72.02.02.02.33.84.35.26.98.05.73.84.49.29.68.37.78.6
11.015.413.19.03.55.25.15.04.24.64.95.55.13.93.93.33.43.23.02.72.5
Medical care
Dec.to
Dec.1
1.201.2
ii3.23.19.06.46.91.64.05.35.83.42.63.23.84.84.64.9
3.7
82.82.33.68.38.07.17.38.15.43.76.0
13.210.310.89.09.3
10.510.112.611.26.25.86.87.95.66.98.69.98.07.05.95.44.43.22.93.23.6
Yearto
year
1.2003.54.54.33.15.18.77.13.32.44.76.73.53.42.63.84.35.34.5
4.33.63.52.92.33.25.38.8
ii7.07.43.54.5
10.412.610.19.9
811.310.711.88.76.06.17.76.66.47.79.38.97.6
Ii5.13.72.93.23.4
Medicalcare2
Dec.to
Dec.1
1.001.03.84.62.62.68.36.95.81.43.45.84.33.52.33.33.24.74.53.8
3.23.12.22.52.12.86.76.36.26.27.44.63.35.3
12.69.8
10.08.98.8
10.19.9
12.511.06.46.16.87.75.86.98.59.67.96.65.44.93.93.02.83.43.7
Yearto
year
01.0
2.94.73.62.65.08.06.72.82.05.35.03.62.92.23.84.24.64.4
3.72.72.62.62.12.44.47.26.06.76.66.23.34.09.3
12.09.59.68.49.2
11.010.711.68.86.26.37.56.66.57.79.08.77.45.94.84.53.52.83.23.5
Energy3
Dec.to
Dec.1
-0.94.7
1.3-1.3
2.2
o9
1.81.71.71.72.94.83.12.6
17.021.611.47.17.27.9
37.518.011.91.3
~'.1
1.8-19.7
8.2
5il18.1-7.4
2.0-1.4
2.2-1.3
8.6-3.4-8.813.4
Yearto
year
01.9
2.3
A0-.41.81.72.11.72.52.83.92.68.1
29.610.57.19.56.3
25.130.913.61.5
LO
-13!2
'.85.68.3
j.6
4.71.3
-7.73.6
1 Changes from December to December are based on unadjusted indexes.2 Commodities and services.3 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.
378
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-63.—Producer price indexes by stage of processing, 1954—99
[1982=100]
Year or month
195419551956195719581959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997 .199819991998- Jan
FebMarAprMay':::::::::::::::::::.:::::::.::::::::::::::::::JuneJulyAug :::::::.:::.::.::..::...:::::.:..:::..:..:::.::SeptOctNovDec
1999:JanFebMarAprMayJuneJulyAug1
sept .::.:..::..::..:....:.:.: :::.::....:.:...OctNovDec
Finished goods
Totalfinishedgoods
30.430.531.332.533.233.133.433.433.533.433.534.135.235.636.638.039.340.541.845.652.658.260.864.769.877.688.096.1
100.0101.6103.7104.7103.2105.4108.0113.6119.2121.7123.2124.7125.5127.9131.3131.8130.7133.1130.3130.2130.1130.4130.6130.7131.0130.7130.6131.4130.9131.1131.4130.8131.1131.9132.4132.7132.9133.7134.8135.0135.0135.0
Consumer foods
Total
34.233.433.334.436.534.835.535.435.735.335.436.839.238.540.042.443.844.546.956.564.469.869.673.379.987.392.497.8
100.0101.0105.4104.6107.3109.5112.6118.7124.4124.1123.3125.7126.8129.0133.6134.5134.3135.1133.1133.6133.4133.8133.6133.8134.7135.2135.4135.5134.9134.5135.6134.1134.7133.4134.5135.1134.6135.9137.0135.6135.4135.7
Crude
37.539.139.138.541.037.339.838.038.437.838.939.041.539.642.545.946.045.848.063.671.671.776.779.585.892.393.9
104.4100.0102.4111.4102.9105.6107.1109.8119.6123.0119.3107.6114.4111.3118.8129.2126.6127.2125.4127.1129.4130.2132.3121.7117.9128.4121.7127.1134.7127.3129.3134.2122.6130.5128.4126.5126.4121.7123.8126.6119.7118.6125.6
Proc-essed
34.032.732.734.136.134.735.235.335.635.235.236.839.238.840.042.343.944.747.255.863.970.369.072.779.486.892.397.2
100.0100.9104.9104.8107.4109.6112.7118.6124.4124.4124.4126.5127.9129.8133.8135.1134.8135.9133.5134.0133.7133.9134.5135.0135.2136.3136.0135.5135.5134.9135.6135.0135.0133.8135.2135.8135.6136.8137.8136.9136.7136.5
Finished goods excluding consumer foods
Total
"35:035.936.938.239.640.442.048.854.758.162.266.774.686.795.6
100.0101.8103.2104.6101.9104.0106.5111.8117.4120.9123.1124.4125.1127.5130.5130.9129.5132.3129.4129.0129.0129.2129.6129.7129.7129.2129.1130.1129.6130.0130.0129.7129.9131.3131.6131.8132.3133.0134.0134.7134.8134.7
Consumer goods
Total
31.131.332.132.932.933.333.5
15iii33.634.134.735.536.337.438.739.441.248.253.256.560.664.973.587.196.1
100.0101.2102.2103.398.5
100.7103.1108.9115.3118.7120.8121.7121.6124.0127.6128.2126.4130.6126.1125.6125.6126.0126.7127.0127.0126.4126.3127.1126.4127.1127.1126.6127.0129.0129.6130.0130.8131.9133.4133.7133.9133.7
Durable
39.840.241.642.843.443.943.843.643.443.143.343.243.444.145.145.947.248.950.050.955.561.063.767.473.680.891.096.4
100.0102.8104.5106.5108.9111.5113.8117.6120.4123.9125.7128.0130.9132.7134.2
iffi133.0133.4133.4133.2133.0132.3131.8132.0131.5131.0134.4134.4133.8133.3133.5133.1133.1132.8132.3131.7131.6131.1134.8134.6134.6
Non-durable
26.726.827.327.927.828.228.428.428.428.528.428.829.330.030.631.532.533.534.136.144.048.952.456.860.069.385.195.8
100.0100.5101.1101.7
93.394.997.3
103.8111.5115.0117.3117.6116.2118.8123.3124.3122.2127.9121.5120.8120.9121.5122.8123.4123.3122.7122.8122.5121.4122.7122.9122.2122.9125.7126.6127.5128.9130.4132.8131.6132.0131.8
Capitalequipment
26.727.429.531.332.132.732.832.933.033.133.433.834.635.837.038.340.141.742.844.250.558.262.166.171.377.585.894.6
100.0102.8105.2107.5109.7111.7114.3118.8122.9126.7129.1131.4134.1136.7138.3138.2137.6137.6137.9137.9137.9137.7137.3137.2137.1136.8136.7
"138.1138.2137.9137.8138.0137.7137.8137.6137.2137.0136.9136.7138.5138.3138.3
Totalfinished
consumergoods
31.731.532.032.933.633.333.633.633.733.533.634.235.435.636.537.939.140.241.546.053.158.260.464.369.477.588.696.6
100.0101.3103.3103.8101.4103.6106.2112.1118.2120.5121.7123.0123.3125.6129.5130.2128.9132.1128.3128.2128.1128.5128.9129.1129.4129.2129.1129.8129.0129.4129.7129.0129.4130.4131.2131.7132.1133.2134.6134.4134.5134.4
1 Data have been revised through August 1999 to reflect the availability of late reports and corrections by respondents. All data are sub-ject to revision 4 months after original publication.
See next page for continuation of table.
379
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-63.—Producer price indexes by stage of processing, 1954-99—Continued
[1982=100]
Year ormonth
195419551956195719581959I96019611962 .196319641965196619671968196919701971 "..'.19721973 "."".197419751976 .""197719781979
19801981198219831984198519861987 .1988198919901991199219931994 . .19951996 1 1 1
0>0>or> S>
cr»
Intermediate materials, supplies, and components
Total
27928.429.630.330.430.830.830.630630.730831.232032.233.034.135.436.838.242.452.558.060.964.969.578.490.398.6
100.0100.6103.1102.799.1
101.5107.1112.0114.5114.4114.7116.2118.5124.9125.7125.6123.0123.2124.2123.8123.3123.3123.5123.5123.5123.2122.9122.3121.8120.9120.9120.4120.7121.6122.2123.0123.9124.6125.2125.2125.4125.6
Foodsand
feeds2
41.841.542.945.646.749.570.383.681.677.4>79.684.894.5
105.5104.6100.0103.6105.797.396.299.2
109.5113.8113.3111.1110.7112.7114.8114.8128.1125.4116.2111.1118.7118.5116.9115.6116.3115.6116.4116.5115.2114.6115.5114.5114.6112.6111.0109.0109.8110.2109.1110.9112.1112.5112.0110.0
Other
27.228.029.330.130.130.530.730.330.230.130.330.731.331.732.533.634.836.237.740.650.556.660.064.168.677.489.498.2
100.0100.5103.0103.099.3
101.7106.9111.9114.5114.6114.9116.4118.7125.5125.6125.7123.4123.9124.5124.1123.7123.8123.9124.0123.9123.6123.4122.7122.2121.3121.2120.9121.2122.3122.9123.7124.7125.4125.9125.9126.2126.5
Materials andcomponents
Formanufac-
turing
29.830.532.032.732.833.333.332.932.732.733.1
Si34.535.336.538.038.940.444.156.061.764.067.472.080.991.798.7
100.0101.2104.1103.3102.2105.3113.2118.1118.7118.1117.9118.9122.1130.4128.6128.3126.1124.5127.5127.3127.0126.9126.8126.3126.0126.0125.5125.0124.6124.1123.9123.5123.4123.2123.8124.1124.6125.0125.1125.9126.0126.1
Forconstruc-
tion
29.130.331.832.032.032.932.732.232.1
134.035.737.738.340.843.046.555.060.164.169.376.584.291.397.9
100.0102.8105.6107.3108.1109.8116.1121.3122.9124.5126.5132.0136.6142.1143.6146.5146.8148.9146.3146.4146.7147.0146.9146.7147.2147.4147.3146.7146.6146.6146.9147.3147.8148.0148.5149.5150.5150.4149.7149.2149.3149.7
Proc-essedfuelsand
lubri-cants
15.815.816.317.216.216.216.616.816.716.616.216.516.816.916.516.617.719.520.122.233.639.442.347.749.961.685.0
100.6100.095.495.792.872.773.371.276.4
81584.783.184.290.089.381.184.983.381.679.680.181.783.1
!ii82.380.879.075.876.174.976.280.682.5
ffi90.092.599?i91.7
Con-tainers
28.528.931.032.433.233.033.433.233.633.232.933.534.535.035.937.239.040.842.745.253.360.063.165.971.079.489.196.7
100.0100.4105.9109.0110.3114.5120.1125.4127.7128.1127.7126.4129.7148.8141.1136.0140.8142.5141.4141.9141.6141.0141.7141.4141.3140.7140.6139.5139.4138.7138.3138.0138.5140.4141.6142.2142.1143.6146.3146.6146.5146.5
Supplies
31.731.232.032.333.133.533.333.734.535.034.7
Si36.837.137.839.740.842.551.756.861.865.869.372.980.289.996.9
100.0101.8104.1104.4105.6107.7113.7118.1119.4121.4122.7125.0127.0132.1135.9135.9134.8134.2
i&i135.5135.1134.8134.7135.1134.7134.3134.1134.3134.3134.1133.8133.7133.8133.7133.9133.9134.2134.4134.9135.1135.2
Crude materials for further processing
Total
31.630.430.631.231.931.130.430.230.529.929.631.133.131.331.833.935.236.039.954.561.461.663.465.573.485.995.3
103.0100.0101.3103.595.887.793.796.0
103.1108.9101.2100.4102.4101.8102.7113.8111.1
96.898.2
101.7100.1
99.4100.3100.597.698.194.392.1
8i89.890.188.289.091.197.497.497.9
103.1106.9104.9108.6103.9
Food-stuffsand
feed-stuffs
42.338.437.639.241.638.838.437.938.637.536.639.242.740.340.944.145.246.151.572.676.477.476.877.587.3
100.0104.6103.9100.0101.8104.7
8i96.2
106.1111.2113.1105.5105.1108.4106.5105.8121.5112.2
105.5105.1106.3105.8106.2106.2103.7103.3101.3103.7102.497.0
101.298.298.895.499.699.596.2
100.1100.599.699.596.8
Other
Total
"2L121.622.523.824.727.034.344.143.748.251.757.569.684.6
101.8100.0100.7102.296.981.687.985.593.4
93l594.794.896.8
104.5106.4
Hi95.493.091.092.992.988.290.684.782.583.984.181.679.278.179.1
92.'595.5
101.5107.4104.7110.9105.0
Fuel
8.98.99.5
10.110.210.410.510.510.410.510.510.610.911.311.512.013.815.716.818.624.830.634.542.048.257.369.484.8
100.0105.1105.1102.792.284.182.185.384.882.984.087.182.472.192.6
101.386.791.191.185.588.591.891.885.790.784.475.381.986.487.778.378.174.680.091.690.191.6
100.5105.3101.7110.590.5
Other
26.127.528.628.227.128.126.927.227.126.727.227.728.326.527.128.429.129.432.342.954.550.054.956.361.975.591.8
109.8100.098.8
101.094.376.088.585.995.8
107.397.594.294.197.0
105.8105.7103.584.591.193.093.087.588.488.384.985.380.182.980.477.572.475.373.577.883.4
H92.996.2
102.7100.8104.7109.5
2 Intermediate materials for food manufacturing and feeds.Source: Department of Labor, Bureau of Labor Statistics.
380Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-64.—Producer price indexes by stage of processing, special groups, 1974-99
[1982=100]
Year or month
19741975197619771978197919801981 ' '" ..'.19821983 "" '."1984198519861987198819891990199119921993 ' !...." . ..'."1994199519961997199819991998Jan
FebMarAprMayJuneJulyAugSeptOctNovDec
1999:JanFebMarAprMayJuneJulyAug2
SeptOct . ...NovDec
Finishedgoods
Total
52.658.260.864.769.877.688.096.1
100.0101.6103.7104.71032105.4108.0113.6119.2121.7123.2124.7125.5127.91313131.8130.7133.1130.3130.2130.1130.4130.6130.7131.0130.7130.6131.4130.9131.1131.4130.8131.1131.9132.4132.7132.9133.7134.8135.0135.0135.0
Foods
64.469.869.673.379.987.392.497.8
100.0101.0105.4104.61073109.'5112.6118.7124.4124.1123.3125.7126.8129.01336134.5134.3135.1133.1133.6133.4133.8133.6133.8134.7135.2135.4135.5134.9134.5135.6134.1134.7133.4134.5135.1134.6135.9137.0135.6135.4135.7
Energy
26.230.734.339.742357.185.2
1015100.095.291.287.663061859J65.775.078.177.878.0
78.183283475.178.977.575.974.274.776.377.276.975.475.474.672.870.871.370.171.275.977.578.680.783.585.983.684.083.8
Excluding foods andenergy
Total
53.659.763.166.971978.387.1946
100.0103.0105.5108.111061133117.0122.1126.6131.1134.21358137J140.014201424143.7146.1142.7142.8143.5143.5143.4143.3143.4143.3143.1144.7144.8146.1145.9146.0145.8145.8145.6145.5145.3145.2145.6147.5147.4147.4
Capitalequip-ment
50.558.262.166.171377.585.8946
100.0102.8105.2107.5109711171R3118.8122.9126.7129.11314134!l136.713831382137!6137.6137.9137.9137.9137.7137.3137.2137.1136.8136.7138.1138.2137.9137.8138.0137.7137.8137.6137.2137.0136.9136.7138.5138.3138.3
Con-sumergoods
exclud-ing
foodsand
energy
55.560.663.767.372278.887.8946
100.0103.1105.7108.411111142118:5124.0128.8133.7137.31385139^0141.9144314511477151.7145.7146.0147.1147.3147.3147.2147.4147.5147.4149.1149.1151.6151.2151.3151.2151.2151.0151.0150.9150.7151.6153.5153.5153.4
Intermediate materials, supplies,and components
Total
52.558.060.964.969578.490.3986
100.0100.6103.1102.7991
1015107.1112.0114.5114.4114.71162118!5124.912571256123^0123.2124.2123.8123.3123.3123.5123.5123.5123.2122.9122.3121.8120.9120.9120.4120.7121.6122.2123.0123.9124.6125.2125.2125.4125.6
Foodsand
feeds1
83.681.677.479.684.894.5
105.51046100.0103.6105.797.396299'2
109!5113.8113.3111.1110.711271R8114.812811254116!2111.1118.7118.5116.9115.6116.3115.6116.4116.5115.2114.6115.5114.5114.6112.6111.0109.0109.8110.2109.1110.9112.1112.5112.0110.0
Energy
33.138741.546.849.161.184.9
100.5100.095.395.592.672673.070.976.185.585.184.384683.084.189889080.884.683.081.479.479.981.582.882.981.982.080.578.875.575.974.776.080.382.284.687.289.692.190.090.991.4
Other
54.060.263.867.672.580.790.397.7
100.0101.61047105.210491078115.2120.2120.9121.4122.01238127.1135.213401342133.5133.1134.3134.2134.1134.1133.9133.6133.6133.4133.1132.7132.4132.1131.9131.8131.9132.1132.5132.9133.4133.71337134.2134.4134.6
Crude materials for furtherprocessing
Total
61.461.663.465.573.485.995.3
103.0100.0101.3103.595.887793>96.0
103.1108.9101.2100.41024101.8102.71138111196.898.2
101.7100.1
99.4100.3100.5
97.698.194.392.194.093.689.890.188.289.091.197.497.497.9
103.1106.9104.9108.6103.9
Food-stuffsand
feed-stuffs
76.477.476.877.587.3
100.0104.6103.9100.0101.81047
94.8932962
106.1111.2113.1105.5105.11084106.5105.81215112'2103.998.8
105.5105.1106.3105.8106.2106.21037103.3101.31037102.4
97.0101.298.298.895.499.699.596.2
100.1100.599.699.596.8
Energy
27.8
35 340445.254.973.1977
100.098798.093.371.8
67'.775.985.980.478.876772.169.485087*368.678.474.971769.672.772.766.970.964.562.265.666.964.261.058.860.568.177.177.180.487.394.189.697.589.0
Other
83.369.380.279.887.8
106.2113.1111.7100.0105.3111.7104.910311157133.0137.9136.3128.2128.41402156.2173.61558156'5142.1135.3150.51507149.2147.6147.2146.6143.8139.8137.9133.2130.2128.1128.8130.9129.9129.1131.4132.2134.2136.8139.6142.5142.8145.5
1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 19991ject to revision 4 months after original publication.
Source: Department of Labor, Bureau of Labor Statistics.
. All data are sub-
381
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-65.—Producer price indexes for major commodity groups, 1954-99
[1982=100]
Year or month
1954195519561957195819591960196119621963}%4 :::":::"::::::::::"19651966196719681969197019711972197319741975197619771978 . .1979198019811982198319841985198619871988198919901991199219931994199519961997199819991998- Jan
FebMar . ..AprMayJuneJulvAug :""::""::::::::::::::::::::::::"SeptOct.. r::::..::::..::"..::"::"":"NovDec
1999- JanFebMarAprMayJuneJulyAug2
SeptOctNovDec
Farm products and processedfoods and feeds
Total
38.536.636.437.739.437.637.737.738.137.737.539.041.640.241.143.444.945.849.263.971.374.073.675.983.092.398.3
101.1100.0102.0105.5100.7101.2103.7110.0115.4118.6116.4115.9118.4119.1120.5129.7127.0122.7120.4123.0123.3123.2122.8123.0123.0123.0122.8122.2122.8122.5120.5122.1120.1120.3118.3120.1120.4118.8120.9121.9121.0120.6119.7
Farmproducts
43.240.540.041.142.940.240.139.740.439.639.040.743.741.342.345.045.846.651.672.777.477.078.879.487.799.6
102.9105.2100.0102.4105.595.192.995.5
104.9110.9112.2105.7103.6107.1106.3107.4122.4112.9104.698.4
106.3106.3107.4106.5105.8105.7105.0102.9102.0104.8103.199.0
102.298.399.296.599.699.295.299.099.698.097.696.7
Processedfoods and
feeds
35.433.8
«36.535.635.636.236.536.836.738.040.239.840.642.744.645.548.058.968.072.670.874.080.688.595.998.9
100.0101.8105.4103.5105.4107.9112.7117.8121.9121.9122.1124.0125.5127.0133.3134.0131.6131.2131.3131.7130.9130.8131.5131.5131.9132.6132.1131.8132.0131.1131.9131.0130.8129.1130.3130.8130.5131.8132.9132.3132.0131.1
Industrialcommodities
Total
27.227.829.129.930.030.530.530.430.430.330.530.931.532.032.833.935.236.537.840.349.254.958.462.567.075.788.097.4
100.0101.1103.3103.7100.0102.6106.3111.6115.8116.5117.4119.0120.7125.5127.3127.7124.8126.5125.9125.3125.0125.3125.5125.1125.3124.5124.1124.2123.8123.3123.1122.7123.1124.6125.6126.1127.0128.1129.2129.2129.9129.6
Textileproducts
andapparel
48.248.248.248.347.448.148.647.848.248.248.548.848.948.950.751.852.453.355.560.568.067.472.475.378.182.589.797.6
100.0100.3102.7102.9103.2105.1109.2112.3115.0116.3117.8118.0118.3120.8122.4122.6122.9121.0123.2123.2123.1123.2123.2123.2123.0122.9122.8122.5122.2122.0121.8121.5121.5121.3121.2121.0120.8120.9120.4120.6120.6120.7
Hides,skins,
leather,and
relatedproducts
29.529.431.231.231.635.934.634.935.334.334.435.939.438.139.341.542.043.450.054.555.256.563.968.376.196.194.799.3
100.0103.2109.0108.9113.0120.4131.4136.3141.7138.9140.4143.7148.5153.7150.5154.2148.0146.0148.8148.4147.1147.5147.8150.8149.2149.7149.3146.4144.9146.6145.8144.1144.5144.6145.0145.0145.2146.3147.4148.7146.6149.4
Fuels andrelated
productsand
power1
13.213.213.614.313.713.713.914.014.013.913.513.814.114.414.314.615.316.617.119.430.135.438.343.646.558.982.8
100.2100.0
891.469.870.266.772.982.381.280.480.077.878.085.886.175.380.678.676.674.675.877.076.477.274.874.374.273.270.470.168.670.075.578.980.182.886.589.987.289.687.8
Chemicalsand alliedproducts1
33.833.733.934.634.934.834.834.533.933.533.633.934.034.234.134.235.035.635.637.650.262.064.065.968.076.089.098.4
100.0100.3102.9103.7102.6106.4116.3123.0123.6125.6125.9128.2132.1142.5142.1143.6143.9144.2143.4143.0145.3144.9144.9144.8144.7144.1143.2143.3143.0142.7142.3141.8141.9142.1142.6143.4144.4144.6145.2146.7147.1147.6
— , .—r-« -jed and refer to 1 month earlier than the index month.2 Data have been revised through August 1999 to reflect the availability of late reports and corrections by respondents. All data are sub-ject to revision 4 months after original publication.
See next page for continuation of table.
382
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-65.—Producer price indexes for major commodity groups, 1954-99—Continued[1982=100]
Year or month
195419551956195719581959I960196119621963196419651966196719681969 . ..1970 .. .197119721973197419751976197719781979 .. ..19801981198219831984198519861987198819891990199119921993199419951996199719981999
1998JanFeb . .. .MarAprMay I:::.::,....::.::.:::JuneJulyAug "Sept "Z.7oct .:NovDec
1999- JanFebM a r . . .Apr '.HayJune ""'..'I!.'.."'.'.'.".'JulyAug 2 .. .Sept :::.:::::OctNov ... .Dec
Industrial commodities— Continued
Rubberand
plasticproducts
37.542.443.042.842.842.642.741.139.940.139.639.740.541.442.843.644.945.245.346.656.462.266.069.472.480.590.196.4
100.0100.8102.3101.9101.9103.0109.3112.6113.6115.1115.1116.0117.6124.3123.8123.2122.6122.5
123.1123.1123.0122.9122.7122.5122.4122.3122.5122.2122.2122.3122.0121.7121.6121.9122.0122.1122.4122.8123.0123.1123.4123.5
Lumberand
woodproducts
32.534.134.632.832.534.733.532.032.232.833.533.735.235.139.844.039.944.750.762.264.562.172.283.096.9
105.5101.5102.8100.0107.9108.0106.6107.2112.8118.9126.7129.7132.1146.6174.0180.0178.1176.1183.8179.1183.6
181.1182.2182.4182.5180.4177.5178.5179.7178.0175.5175.2175.9177.2179.8181.6181.6183.7187.8192.0189.6184.8181.1181.6182.5
Pulp,paper,
andallied
products
29.630.432.433.033.433.734.033.033.433.133.033.334.234.635.036.037.538.139.342.352.559.062.164.667.775.986.394.8
100.0103.3110.3113.3116.1121.8130.4137.8141.2142.9145.2147.3152.5172.2168.7167.9171.7174.1
172.3172.2172.1172.2172.2171.8171.9171.8171.5171.1170.6170.4170.7170.7171.6172.0172.6173.4174.4175.2176.1176.9177.5177.9
Metalsand
metalproducts
25.527.229.630.230.030.630.630.530.230.331.1
33l234.036.038.739.440.944.057.061.565.069.375.386.095.099.6
100.0101.8104.8104.4103.2107.1118.7124.1122.9120.2119.2119.2124.8134.5131.0131.8127.8124.6
130.1130.0129.5129.6129.2128.7127.9127.2126.7125.5124.8124.0123.5123.4122.9123.1123.8123.8124.4124.9125.4126.5126.6127.3
Machineryand
equipment
26.327.229.331.432.132.833.033.0
8)33.333.734.735.937.038.240.041.442.343.750.057.961.365.270.376.786.094.4
100.0102.7105.1107.2108.8110.4113.2117.4120.7123.0123.4124.0125.1126.6126.5125.9124.9124.3
125.5125.3125.3125.1124.9125.0124.8124.7124.7124.6124.6124.5124.7124.7124.6124.5124.3124.2124.1124.0124.2124.3124.2124.2
Furnitureand
householddurables
44.945.146.347.547.948.047.847.547.246.947.146.847.448.349.750.751.953.153.855.761.867.5
to77.582.890.795.9
100.0103.4105.7107.1108.2109.9113.1116.9119.2121.2122.2123.7126.1128.2130.4130.8131.3131.7
130.8131.1131.2131.2131.5131.5131.5131.3131.2131.3131.3131.4131.4131.3131.4131.5131.5131.8131.7131.8131.8131.9131.9132.1
Non-metallicmineralproducts
26.627.328.529.629.930.330.430.530.530.330.430.430.731.232.433.635.338.239.440.747.854.458.262.669.677.688.496.7
100.0101.6105.4108.6110.0110.0111.2112.6114.7117.2117.3120.0124.2129.0131.0133.2135.4138.8
133.6133.8133.9134.9135.2135.6136.0136.2136.4136.6136.5136.6136.9137.6137.8138.3138.5138.8138.9139.5139.7139.9140.1140.2
Transportationequipment
Total
40.441.944.245.546.150.356.760.564.669.575.382.994.3
100.0102.8105.2107.9110.5112.5114.3117.7121.5126.4130.4133.7137.2139.7141.7141.6141.2141.7
141.4141.5141.5141.3140.7140.2140.4140.0139.6142.9142.8142.3142.0142.3141.8141.9141.5141.1140.5140.4139.8143.5143.2143.0
Motorvehicles
andequip-ment
33.434.336.337.939.039.939.339.239.238.939.139.239.239.840.941.743.345.747.047.451.457.661.265.270.075.883.194.6
100.0102.2104.1106.4109.1111.7113.1116.2118.2122.1124.9128.0131.4133.0134.1132.7131.4131.6
132.0132.1132.0131.7130.6129.9130.2129.6128.8133.7133.6132.9132.0132.4131.7131.9131.4130.6129.8129.7128.8134.3133.7133.5
Miscel-laneousprod-ucts
31.331.331.732.633.333.433.633.733.934.234.434.735.336.237.038.139.840.841.543.348.153.455.659.466.775.593.696.1
100.0104.8107.0109.4111.6114.9120.2126.5134.2140.8145.3145.4141.9145.4147.7150.9156.0166.7
152.3153.2153.5154.7155.6155.6155.4156.3156.3156.3156.4166.0166.0165.7165.4165.4165.4165.0164.8164.8169.1169.4169.3169.8
Source: Department of Labor, Bureau of Labor Statistics.
383
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-66.—Changes in producer price indexes for finished goods, 1960-99[Percent change]
Year ormonth
1960196119621963196419651966196719681969
1970197119721973197419751976197719781979
198019811982198319841985 ZZ.19861987 ... .19881989
19901991199219931994199519961997 .19981999 ZZ.
1998: Jan ...Feb ...Mar ..Apr ...Nfay..June .
July ...Aug ...Sept ..Oct ....Nov ....Dec ....
1999Jan ....Feb ....Mar ...
fciJune ..July ...Aug*..Sept ..Oct ....Nov ....Dec ....
Totalfinishedgoods
Dec. toDec.1
1.8-.6
-'3.6
3.32.0173.14.92.13.33.9
11.718.36.63.86.79.3
12.8
11.87.13.6.6
1.71.8
-2.32.24.04.95.7
TieL72.32.8
-1.203.0
Year toyear
0.90
-3.3
1.83.21.12.83.83.43.13.29.1
15.410.64.56.47.9
11.2
13.49.24.11.62.11.0
-1.42.12.55.2
4.92.11.21.2.6
192.7
-!s1.8
Finishedconsumer
foods
Dec. toDec.1
5.3-1.9
.6-14
911.3-34.68.1
-2.35.87.9
22.712.85.6
-2.56.9
11.77.47.51.52.02.33.5
.6
35.75.2
2.6-1.5
1.62.41.1193.4-.8
'.9
Year toyear
2.0
~!s-11
4.06.5
-1.83.96.03.31.65.4
20.514.08.4
?39.09.35.85.82.21.04.4
U2.12.85.4
4.8
-!61.9.9
173.6
"'.6
Finished goods excluding consumer foods
Total
Dec. toDec.1
2.53.34.32.02.36.6
21.17.26.26.88.3
14.8
13.48.74.201.12.2
-4.03.23.24.86.9
,|L9232.6
-1.2
?.6
Year toyear
2.62.83.53.72.04.0
16.212.16.27.17.2
11.8
16.210.34.61.81.41.4
-2.62.12.45.05.03.01.81.1.6
192.4
-Ll2.2
Consumergoods
Dec. toDec.1
0.3
o'0
.91.82.02.02.83.82.12.17.5
20.36.86.06.78.5
17.6
14.18.64.2-.9
.82.1
-6.64.1
ii8.7
L6-1.4
H3.7
-1.5
?.2
Year toyear
0.6
o'0
.91.51.82.32.3
ii1.84.6
17.010.46.27.37.1
13.3
18.510.34.11.21.01.1
-4.62.22.45.65.92.91.8
202.9
.5-1.4
3.3
Capitalequipment
Dec. toDec.1
0.30.3.6.9
1.53.8
tt4.8
if2.15.1
22.78.16.5
8.08.8
11.49.23.92.01.82.72.11.33.63.83.42.51.71.8
ft.4
-.60
Year toyear
0.3
.3
.3
.91.22.43.53.43.54.74.02.63.3
14.315.26.76.47.98.7
10.710.35.72.82.32.22.01.82.33.93.53.11.91.82.1191.2-.1
?
Finishedenereygoods
Dec.to
Dec.1
16.311.612.08.5
58.1
27.914.1
-9i2-4.2
-38111.2-3.6
9.530.7-9.6-.3
-4.13.511
11.7-6.4
-11.718.4
Yearto
year
17.211.715.76.5
35.0
49.219.1-1.5-4.8-4.2-3.9
-28.1-1.9-3.2
9.914.24.1
~'.3-1.3
146.5
-iolo5.1
Finished goodsexcluding foods
and energy
Dec. toDec.1
17.76.05.76.28.49.4
10.87.74.91.92.02.72.7214.34.2
3.53.12.0
L626
.602.5
.9
Year toyear
11.411.45.76.07.58.9
11.28.65.73.02.4
y2.43.34.43.7
ii1.2
!•?1.4.3.9
1.7
Percent change from preceding month
Unad-justed
-0.6
-.1
'.2
.2
~'.6-.4
.2
.2-.5
.2
.6
.4
.2
16.8
o'0
Sea-son-
ally ad-justed
-0.6
?
-.1
.2
~'.2
~!5.3
-.5.3
o'.2
i!o"'.2
Unad-justed
-1.0
~;
-!3.8
-1.1
-LO.8
LO.8
-1.0~'2
Sea-son-
ally ad-justed
-0.3
~'A-.5
.5
~2
o'1.5
-1.2.3
~A
-.6
LO
~1
Unad-justed
-0.5
0'
'.3
0
~!s~3
0-.2
ri'.2
'.5.8
'.1
Sea-son-
ally ad-justed
-0.7
o'-.2
.2
~'.2
-.2
-.1
!9
'.61.0
'.2.3
Unad-justed
-0.9
?.3.6.2
0
~'.6-.6
.60
~!31.6
'.3.6.8
1.1
'.1
Sea-son-
ally ad-justed
-0.9
o'.2.2
.2
~1
-!31.0-.1
L3
o'.8.8
1.4-.1
A
Unad-justed
0
I-.3
-.2
LO
-.1
-.2
-.1
-.1-.1
L3
o'
Sea-son-
ally ad-justed
-0.10.1
-.1
.1
"13
1-.1-.1
-1
o'
-.1-.1
-.1.1
Unad-justed
-3.4-2.1-2.2
211.2
-.4-2.0
0-1.1-2.4-2.7
-L71.66.62.11.42.73.52.9
-2.7
-.2
Sea-son-allyad-
justed
-3.7-1.4-2.2
~'.4-.8
-L9
"'.8-1.3-1.8
.8-11
1.75.5
-A3.03.72.3
-1.01.41.2
Unad-justed
01
!50
-11
Ll
19-1
0'
-1-1
L3
?
Sea-son-
ally ad-justed
0
Is'.1
-1
o''.1
I'.O
-.2
-11
-11
~.'7
o'1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1999 to reflect the availability of late reports and corrections by respondents. All data are sub-
ject to revision 4 months after original publication.
Source: Department of Labor, Bureau of Labor Statistics.
384
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MONEY STOCK, CREDIT, AND FINANCE
TABLE B-67.—Money stock and debt measures, 1959-99[Averages of daily figures, except debt; billions of dollars, seasonally adjusted]
Yearand
month
December:1959 .I9601961i%2 rz"7™1963196419651966196719681969197019711972197319741975 .19761977197819791980 . . .198119821983 . .1984198519861987198819891990199119921993199419951996199719981999"
1998: JanFebMarAprMayJuneJulyAug .Sertoct zzzz:zzzzzzzNovDec . .
1999- JanFebMarA p r . . .May"":::"".""::"":.""JuneJulyAug ZZZZZZZZZZSeptOctNovDec^
Ml
Sum ofcurrency,demanddeposits,travelers
checks, andother
checkabledeposits(OCDs)
140.0140.7145.2147.8153.3160.3167.8172.0183.3197.4203.9214.4228.3249.2262.9274.2287.1306.2330.9357.3381.8408.1436.2474.3520.8551.2619.4724.3749.7786.3792.6824.6896.7
1,024.51,129.41,149.91,126.91,081.61,075.21,093.71,125.41,074.21,076.41,081.01,082.41,078.51,078.41,076.01,072.61,075.01,080.81,089.31,093.71,091.41,093.11,102.41,108.81,105.21,101.51,100.01,102.91,094.01,099.01,108.31,125.4
M2
Ml plusretail
MMMFbalances,savingsdeposits
(includingMMDAs)tandsmall timedeposits
297.8312.4335.5362.7393.2424.7459.2480.2524.8566.8587.9626.5710.3802.3855.5902.4
1,016.61,152.61,271.11,366.91,474.71,600.41,756.11,911.22,127.82,311.72,497.42,734.02,832.82,995.83,159.93,279.13,379.83,434.13,487.53,502.23,649.33,824.24,046.74,401.44,662.74,071.44,100.84,125.94,154.94,174.34,198.34,215.74,241.04,284.64,325.94,364.44,401.44,425.44,446.04,455.94,488.94,506.94,523.74,545.14,567.24,586.54,606.44,627.44,662.7
M3
M2 pluslarge timedeposits,
RPs, Euro-dollars, andinstitution-only MMMFbalances
299.7315.2340.8371.3405.9442.4482.1505.4557.9607.2615.9677.1776.0885.9985.0
1,070.21,171.91,312.31,472.71,646.51,810.11,996.32,254.92,460.92,699.22,992.83,209.83,501.23,692.03,935.24,091.04,155.64,208.64,220.04,279.94,353.94,618.64,955.85,403.45,995.76,484.95,448.25,483.15,541.35,586.25,627.95,670.65,691.15,746.85,810.15,872.05,936.95,995.76,017.46,065.16,059.76,104.56,133.56,166.46,192.56,216.46,247.46,296.36,384.66,484.9
Debt'
Debt ofdomestic
nonfinancialsectors
(monthlyaverage ofadjacent
month-endlevels)
687.7723.1765.9818.7873.6937.1
1,004.11,071.31,145.71,237.31,327.41,416.81,550.51,706.81,892.02,065.02,252.42,497.22,814.13,202.83,591.93,934.24,345.94,782.25,351.86,148.87,068.77,933.38,673.99,464.0
10,156.310,818.111,292.811,816.812,403.512,999.613,716.614,463.615,227.916,250.4
15,303.015,395.515,493.815,581.415,661.315,746.715,832.715,915.215,992.616,077.216,170.416,250.416,336.616,427.216,542.516,646.016,719.416,795.616,873.916,967.917,066.817,155.017,225.1
Percent change from year or 6months earlier2
Ml
%1.83.74.64.72.56.67.73.35.16.59.25.54.34.76.78.18.06.96.96.98.79.85.8
12.416.93.54.9
.84.08.7
14.310.21.8
-2.0-4.0-.61.72.91.2.8
3.03.82.0
.6-J
-1.1
2:02.82.93.85.15.22.91.41.61.8
-1.5-1.8
.64.3
M2
4.97.48.18.48.08.14.69.38.03.76.6
13.413.06.65.5
12.713.410.37.57.98.59.78.8
11.38.68.09.53.65.85.53.83.11.61.64:24.85.88.85.97.27.17.27.77.57.57.16.87.78.29.19.79.99.78.07.56.55.65.45.55.95.25.36.1
M3
li8.99.39.09.04.8
10.48.81.49.9
14.614.211.28.69.5
12.012.211.89.9
10.313.09.19.7
10.97.39.15.46.64.0
!|L41.76.17.39.0
11.08.2
10.19.6
10.310.610.39.98.99.69.7
10.211.011.511.511.18.67.96.65.75.85.06.26.38.2
10.3
Debt
7.75.15.96.96.77.3
86.9
H6.79.4
10.110.99.19.1
10.912.713.812.19.5
10.510.011.914.915.012.29.39.17.36.54.44.65.04.85.55.45.36.7
6.06.36.66.76.76.86.96.86.46.46.56.46.46.46.97.16.86.76.66.66.36.16.0
1 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; dataderived from flow of funds accounts.2 Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate.
Note.—See Table B-68 for components.Source: Board of Governors of the Federal Reserve System.
385
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-68.—Components of money stock measures, 1959-99[Averages of daily figures; billions of dollars, seasonally adjusted]
Yearand
month
December:1959I960196119621963 .. .1964196519661967196819691970 . .197119721973 .. . .19741975 . .1976197719781979198019811982198319841985198619871988 . . .19891990 .199119921993199419951996199719981999^ ..
1998- JanFebMarAprMavl\iw^I^I^III^I^IIII^»III^IIIII.JulyAugSeptOctNovDec
1999- JanFeb .-MarAprMayJuneJulyAug "...Septocf : ::...::.r:...: ::....::....::,::".:::"::Nov .Dec^
Currency
28828729330332233936.038040043.045748652.056260867.072879.5874960
104811531225132514621561167.918071969212222262470267.529253220354.23723394.14245459.2516.9427.04300432.143424364439.244234448449.64533456545924627467647204765480.948414873490.94950499.25052516.9
Nonbanktravelerschecks
033
44.5
6.6
89
1.0121.41.7212.6293.33535363.640434.852576161707.1757.48.0858.3818.28.28.08.08.18.1828.691908.786838282818282838690908785828.2
Demanddeposits
110.8111.6115.511711206125.8131.31334142.5153.6157.3164.7175.11916200.3205.1211.3221.52364249.5256626122314234.12385243.4266.9302.82876287.027872769289.73400385.4383.6389.4403.0396.5377.5358.9392.8392.3391.0389.23878384.7379.33748374.43747377.037753711371.837413740369.53630362.7363.43529354.53572358.9
Othercheckabledeposits(OCDs)
0.0.0.00i
.1
.1
.1
.2
.1
.20
.4
.92.74 28.5
168281787
104.11321147.4179.8235.62595280.928512937332.53844414.6404.13567276.22462248.8241.4246.3246.1249.8250.92462245.9245.32440242.424422476248824952455248125012465245924092396237423682377241.4
Smalldenomi-nationtime
deposits1
11.412.514.820125529.234.555077.8
100.512041512189.723162658287.93379390.74455521.0634372858231850978418888885.785849210
1,037 111513117341,065.6
8681782.1816.59317947.6969.3952.0952.4970.8970.1968.9967.69660965.2962.49597958.79579955795209465940793669337930892649263929.1934393959470952.4
Savingsdeposits,including
moneymarketdeposit
accounts(MMDAs)2
146.5159.1175.519482144235.2256.92531263.7268.926372610292.23214326.8338.63889453.24922481.9423840033439400168497047815.394099374926489379232
1 044.4118671J219.11,150.011351l!.272.31 400.21,605.01,738.81,413.81,428.51,439.41,459.3147221485.91505815225L543.715631l'582 6l'605 016227163311*636 0l'657'l1675116941l'715'9l'725817428l'746 0174221J38.8
1 Small denomination deposits are those issued in amounts of less than $100,000.2 Data prior to 1982 are savings deposits only; MMDA data begin December 1982.See next page for continuation of table.
386
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-68.—Components of money stock measures, 1959-99—Continued[Averages of daily figures; billions of dollars, seasonally adjusted]
Yearand
month
December:1959196019611962 .1963196419651966196719681969 . . . .197019711972197319741975197619771978 . . .1979198019811982198319841985198619871988198919901991199219931994 . .19951996 . .199719981999*
1998:JanFebMarAprMayJuneJulyAugSeptOct.::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::NovDec
1999:JanFebMar .AprMayJuneJulyAugSeptOctNovDec*
Money marketmutual fund
(MMMF) balances
Retail
0.0.0.0.0.0.0.0.0.0.0.0.0.0.0
L72.82.52.66.7
34.963.5
152.9185.9138.1167.0177.1210.4224.7246.1322.3358.0373.1354.7357.0385.8455.5522.8602.0750.7846.1612.6625.9636.7645.6657.5668.8671.5686.1707.1724.2736.8750.7764.8779.1780.9789.3795.8801.6802.9809.5815.4821.9829.9846.1
Institu-tiononly
0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0
:sLO3.5
10.416.038.248.840.961.864.685.592.792.8
111.1139.6187.7210.5212.5204.7255.9313.3379.9516.2606.7385.9391.3399.8414.4426.9437.7441.9454.5467.8486.7503.8516.2515.0529.9529.1538.4544.6548.1546.0556.4559.3571.0588.8606.7
Largedenomi-nationtime
deposits3
1.22.03.97.0
10.815.221.223.130.937.420.445.257.773.3
110.9144.7129.7118.1145.2195.6223.1260.2303.8324.8316.5403.2422.4420.2467.1518.3541.5482.1417.6354.4334.5364.4421.0493.1575.7629.5715.9582.0592.1606.4607.1612.2620.3613.6620.2621.3621.4625.0629.5637.3626.3617.1623.7621.6618.2626.7621.1630.8654.3685.7715.9
Oyer-
andVmrepur-chaseagree-ments(RPs)(net)
0.0.0.0.0.0.0.0.0.0.0
4.93.05.26.6
12.814.515.025.533.545.249.258.267.871.897.3
107.3121.2145.8178.0196.5169.1151.5131.1141.6172.6196.4198.7211.3251.7297.8329.6258.8253.5267.4268.0269.1268.0270.7277.6282.0282.6289.2297.8292.3309.9298.1289.9295.4308.4308.9310.7310.4307.3317.3329.6
Over-night
and termEuro-
dollars(net)
0.7.8
1.51.61.92.4
II2.22.92.72.42.93.85.88.5
10.215.421.935.352.861.588.9
104.3116.6108.9104.2115.7121.5131.7109.4103.392.379.572.786.193.7
113.9149.3150.7169.9150.0145.4141.8141.9145.4146.3149.2153.5154.4155.5154.5150.7147.3153.1159.4163.5165.0168.1165.7161.1160.3157.3165.5169.9
3 Large denomination deposits are those issued in amounts of more than $100,000.Note.—See also Table B-67.Source: Board of Governors of the Federal Reserve System.
387
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-69-—Aggregate reserves of depository institutions and monetary base, 1959-99[Averages of daily figuresL, millions of dollars; seasonally adjusted, except as noted]
Year and month
December:1959I9601961196219631964
196819691970197119721973 .. .1974197519761977 :19781979198019811982 ....19831984 ...198519861987198819891990199119921993199419951996199719981999*
1998- JanFebMarAprMayJuneJuly .Aug z :z: zz".izSeptOct.;. ::NovDec
1999: JanFebMarApr|/ayJuneJulyAug :Sept ..oct :::...:::.::::: :.::::: ::::NovDec*
Adjusted for changes in reserve requirements2
Reserves of depository institutions
Total
11,10911,24711,49911,60411,73012,01112,3161222313,18013,76714,16814,55815,23016,64517,02117,55017,82218,38818,99019,75320,72022,01522,44323,600
&ffi31,55838,82638,89640,43540,46941,74745,49354,38860,53059,41956,45450,16246,86144,90241,53746,68045,74445,85446,11945,51645,41044,89544,98344,54044,40544,49744,90245,12544,55143,71743,97944,36042,86741,97842,06742,11340,94341,19841,537
Nonbor-rowed
10,16811,17211,36611,34411,39711,74711,8721169012,95213,02113,04914,22515,10415,59515,72316,82317,69218,33518,42018,88519,24820,32521,80722,96624,59323,72630,239
38,'ll938,71940,20441,42245,30154,26560,44859,21056,19750,00846,53744,78541,21646,47045,68645,81346,04745,36345,15944,63744,71244,29044,23144,41444,78544,92044,43543,65243,81244,23342,72241,66941,72341,77440,66140,96241,216
Nonbor-rowedplus
extendedcredit
10,16811,17211,36611,34411,39711,74711,87211,69012,95213,02113,04914,22515,10415,59515,72316,97017,70418,33518,42018,88519,24820,32821,95623,15224,59526,33030,73938,30238,60239,96340,22441,44545,30154,26560,44859,21056,19750,00846,53744,78541,21646,47045,68645,81346,04745,36345,15944,63744,71244,29044,23144,41444,78544,92044,43543,65243,81244,23342,72241,66941,72341,77440,66140,96241,216
Required
10,60310,50310,91511,03311,23911,60511,89211,88412,80513,34113,88214,30915,04916,36116,71717,29217,55618,11518,80019,52120,27921,50122,12423,10024,80626,07830,49537,65337,87739,37439,52840,083as59,46058,26055,16448,74645,17643,31940,22544,88744,21144,50344,73144,24343,79443,52443,45342,84642,83142,87343,31943,59143,33642,41242,82043,10541,60640,90240,93840,91639,79039,86440225
Mone-tarybase
40,88040,97741,85342,95745,00347,16149,62051,56554,57958,35761,56965,01369,10875,16781,07387,53593,887101,515110,324120,445131,143142,004149,021160,127175,467187,236203,552223,426239,850256,888267,701293,240317,512350,865386,451418,072434,098451,373478,877512,321590,295481,483483,250485,295487,571489,571492,314494,736497,869
8B8509,144512,321516,807520,843524,233528,741534,860537,625541,203544,415549,560557,154569,349590,295
Borrowings of depositoryinstitutions from theFederal Reserve, NSA
Total
94174133260332264444532228746
1,119332126
1,0501,29872713053569868
1,4731,690a774
3,1861,318827777
1,716265326192124822092571553241173 32021058417215325125827125117483117206116651661271453093443383 2813 2363 320
Seasonal
413214135513582116
89611356389313084763818
18406879156718122241941592152421781073715791839891272262712822217167
Extendedcredit
14712
3148186
2,604499303483
1,2442023
100000000000000000
80000
§0000
2 Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. For details onaggregate reserves series see Federal Reserve Bulletin.3Total includes borrowing under the terms and conditions established for the Century Date Change Special Liquidity Facility in effect fromOctober 1,1999 through April 7, 2000.
Note.—MSA indicates data are not seasonally adjusted.Source: Board of Governors of the Federal Reserve System.
388
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-70.—Bank credit at all commercial banks, 1973-99[Monthly average; billions of dollars, seasonally adjusted l]
Year and month
December:19731974197519761977 .1978197919801981198219831984198519861987198819891990199119921993 .1994199519961997 .19981999
1998:JanFebMar .AprMayJuneJulyAugsept .:::...:::...:.:...:OctNovDec
1999JanFebMarAprMayJuneJulyMg ::.:.:SeptOctNovDec
Totalbankcredit
660.4725.4758.8818.5905.7
1,021.61,133.31,226.41,319.01,424.01,573.71,743.51,925.22,106.52,252.02,431.02,605.32,752.02,857.92,956.63,116.13,322.83,606.13,762.84,104.84,548.84,782.84,159.64,188.14,218.14,221.24,243.34,268.04,287.94,347.74,395.34,490.54,529.74,548.84,539.44,524.24,494.74,507.64,516.94,553.84,549.74,582.94,607.64,636.54,704.04,782.8
Securities in bank credit
Totalsecurities
180.5185.6221.8245.3253.4259.4266.6300.8313.8339.1402.9406.8453.8506.5534.0562.6585.2634.3746.0841.5915.0939.8984.7978.7
1,086.01,226.51,267.61,111.31,113.01,125.31,113.01,125.51,126.21,134.61,160.41,178.01,218.81,222.01,226.51,217.21,206.41,189.01,193.11,192.61,211.71,227.01,242.41,246.61,253.51,249.21,267.6
U.S.Govern-
mentsecu-rities
90.588.7
119.8140.1140.4141.7148.1174.3182.4204.5261.7263.1272.7310.4338.6367.6400.8456.4566.5664.8730.3721.7701.8699.1748.0793.2803.7760.7765.4777.3764.5769.2759.6764.2776.9772.0776.9790.0793.2796.0793.3801.0801.8800.0811.2814.4820.1817.6812.6798.8803.7
Othersecu-rities
90.196.9
102.1105.2112.9117.8118.5126.4131.4134.6141.2143.7181.0196.2195.4195.0184.3177.9179.5176.7184.7218.1282.9279.6337.9433.4463.9350.6347.6348.0348.5356.3366.6370.4383.4406.0441.9432.0433.4421.2413.0387.9391.3392.6400.5412.7422.3428.9440.9450.4463.9
Loans and leases in bank credit
Totalloans andleases2
479.9539.8537.0573.2652.4762.2866.7925.7
1,005.21,085.01,170.81,336.71,471.41,599.91,718.01,868.42,020.12,117.72,111.92,115.12,201.12,383.02,621.42,784.13,018.83,322.23,515.13,048.33,075.13,092.83,108.23,117.83,141.83,153.43,187.33,217.33,271.73,307.63,322.23,322.23,317.83,305.73,314.53,324.33,342.13,322.73,340.53,361.13,383.03,454.83,515.1
Com-mercial
andindus-trial
167.3198.7188.9191.5211.3246.2285.6317.1356.0397.5419.7480.1505.7541.9570.5611.4643.0645.8624.3600.6591.3651.4725.1789.0856.3952.6
1,008.1868.7875.7879.6877.5888.6901.9907.2915.2921.8943.8954.9952.6952.8952.9957.0961.6957.3963.4965.3972.7980.8986.1
1,005.81,008.1
Real estate
Total
123.3136.7141.9156.0183.8220.9252.6272.9294.5309.1337.5383.4432.3500.8590.7674.7770.6857.9883.7906.0947.7
1,011.01,090.01,141.81,247.41,338.11,471.61,248.61,262.81,275.51,281.11,277.71,278.21,282.81,292.41,294.61,301.41,323.81,338.11,345.81,347.51,348.81,351.31,360.61,366.21,367.71,379.91,396.51,419.01,433.61,471.6
Re-vplv-
homeequity
"31.042.052.865.473.377.477.079.383.289.4
103.3102.4106.1104.0104.0104.0104.1103.8103.6103.5103.3103.6102.4102.6102.4102.3101.8102.0103.1104.4103.898.098.798.499.0
100.6106.1
Other
123.3136.7141.9156.0183.8220.9252.6272.9294.5309.1337.5383.4432.3500.8559.7632.8717.9792.4810.3828.6870.6931.7
1,006.81,052.41,144.11,235.71,365.51,144.61,158.81,171.51,177.01,173.91,174.61,179.31,189.11,191.01,199.01,221.21,235.71,243.51245.71,246.81,248.21,256.21,262.41,269.61,281.31298.11,320.1
Con-sumer
100.9104.8107.4119.0141.4168.3188.8182.1185.0190.9215.7256.6296.6316.1330.2354.9375.4380.9363.8356.2387.7448.1491.3512.5502.4497.8495.6498.9496.4495.2498.6497.5495.7489.2488.5491.2493.1496.0497.8499.8499.3498.6499.5495.9491.1481.2480.1481.0481.5485.1495.6
Secu-rity
10.910.412.417.320.319.017.116.819.622.925.532.740.836.734.939.840.444.553.863.988.177.784.676.897.0
150.7155.3116.6119.5114.7116.7120.2127.9130.7136.3141.8156.6150.0150.7146.4139.0119.1122.1126.8131.0122.4122.4116.2111.0134.0155.3
Other
77.589.286.489.595.5
107.9122.6136.8150.1164.4172.4183.8196.0204.4191.7187.7190.7188.6186.4188.4186.3194.8230.4263.9315.6383.0384.5315.6320.7327.8334.3333.9338.2343.4355.0367.9376.9382.9383.0377.5379.1382.3380.0383.8390.5386.2385.3386.6385.4396.3384.5
1 Data are prorated averages of Wednesday values for domestically chartered commercial banks, branches and agencies of foreign banks,New York State investment companies (through September 1996), and Edge Act and agreement corporations.2 Excludes Federal funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks in the United States.
Source: Board of Governors of the Federal Reserve System.
389
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-71.—Bond yields and Interest rates, 1929-99[Percent per annum]
Year andmonth
1929193319391940194119421943 '1944194519461947194819491950195119521953 . .195419551956195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986 !..1987198819891990199119921993199419951996199719981999
U.S. Treasury securities
Bills(new issues)1
3-month
0.515.023.014.103.326.373375.375375594
10401.1021.218155217661931
9531.753265832671.839340529282.3782.7783.1573.5493.9544.8814.3215.3396.6776.45843484.0717.0417.8865.8384.9895.2657.221
10.04111.50614.02910.6868.639.587.485.985.826.698.127.515.423.453.024.29
185.074.814.66
6-month
3.8323.2472.6052.9083.2533.6864.0555.0824.6305.4706.8536.5624.5114.4667.1787.9266.1225.2665.5107.572
10.01711.37413.77611.0848.759.807.666.036.056.928.047.475.493.573.144.665.595.095.184.854.76
Constantmaturities2
3-year
2.471.632.473.193.982.844463983.543.473.674.034.225.235.035.687.027.295.655.726.957.827.496.776.698.299.71
11.5514.4412.9210.4511.899.647.067.688.268.558.266.825.304.446.276.255.996.105.145.49
10-year
2.852.402.823.183.653.324334123.883.954.004.194284.925.075.656.677.356.166.216.847.567.997.617.428.419.44
11.4613.9113.0011.1012.4410.627.688.398.858.498.557.867.015.877.096.576.446.355.265.65
30-year
"
'7758.499.28
11.2713.4512.7611.1812.4110.797.788.598.968.458.618.147.676.597.376.886.716.615.585.87
Corporatebonds
(Moody's)
Aaa
4.734.493.012.842.772.832.732.722.622.532.612.822.662.622.862963.202.903.063.363.893.794.384.414.354.334.264.404.495.135.516.187.038.047.397.217.448.578.838.438.028.739.63
11.9414.1713.7912.0412.7111.379.029.389.719.269.328.778.147.227.967.597.377.266.537.04
Baa
5.907.764964.754.334.283.913.613.293.053.243.473.423.243.413523.743.513.533.884.714.735.055.195.085.024.864.834.875.676.236.947.819.118.568.168.249.50
10.619.758.979.49
10.6913.6716.0416.1113.5514.1912.7210.3910.5810.8310.1810.369.808.987.938.628.208.057.867.227.87
High-grade
munici-pal
bonds(Stand-ard &
Poor's)
4.274.712.762.502.102.362.061.861.671.642.012.402.211.982.002192.722.372.532.933.603.563.953.733.463.183.233.223.27
iS4.515.816.515.705.275.186.096.896.495.565.906.398.51
11.2311.579.47
10.159.187.387.737.767.247.256.896.415.636.195.955.755.555.125.43
New-homemort-
£&
=
5"895.835.816.256.466.977.818.457.747.607.968.929.009.009.029.56
10.7812.6614.7015.1412.5712.3811.5510.179.319.19
10.1310.059.328.247.207.497.877.807.717.077.04
Com-mer-cial
paoer,
months4
5.851.73.59.56.53.66.69.73.75.81
1.031.441.491.452.162.332.521.582.183.313.812.463.973.852.973.263.553.974.385.555.105.907.837.715.114.738.159.846.325.345.617.99
10.9112.2914.7611.898.89
10.168.016.396.857.688.807.955.853.803.304.935.935.425.62
Primerate
charged
banKs5
5.50-6.001.5(M.OO
1.501.501.501.501.501.501.501.50
1.50-1.751.75-2.00
2.002.072.563.003.173.053.163.774.203.834.484.824.504.504.504.504.545.635.616.307.967.915.725.258.03
10.817.866.846.839.06
12.6715.2718.8714.8610.7912.049.938.338.219.32
10.8710.018.466.256.007.158.838.278.448.358.00
Discountrate,
FederalReserve
Bankof NewYork5
5.162.561.001.001.007 1.007 1.007 1.00
7 1.007 1.001.001.341.501.591.751.751.991.601.892.773.122.153.363.533.003.003.233.554.044.504.195.165.875.954.884.506.447.836.255.505.467.46
10.2811.7713.4211.028.508.807.696.335.666.206.936.985.453.253.003.605.215.025.004.924.62
Federalfundsrate6
1.782.733.111.573.303.221.962.683.183.504.075.114.225.668.207.184.664.438.73
10.505.825.045.547.93
11.1913.3616.3812.269.09
10.238.106.816.667.579.218.105.693.523.024.215.835.305.465.354.97
1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Department of the Treasury.3 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assuming, onthe average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Bank-discount basis; prior to November 1979, data are for 4-6 months paper. Series no longer published by Federal Reserve (FR). See FRrelease H.15 Selected Interest Rates dated May 12.1997.5 For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during the period.
See next page for continuation of table.
390
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-71.—Bond yields and interest rates, 1929-99—Continued[Percent per annum]
Year andmonthiilUfllil
1995:JanFebMarAprtfayJuneJulyAugSeptOctNovDec
1996:JanFeb .MarAprMay '::.::::.:JuneJulyAugSeptOct .NOV'....:Dec
1997:JanFebMarAprMayJuneJulyAugsept".::::::::OctNovDec
1998:JanFeb .. .MarApr ...::..:::MayJuneJulyAugSeptOctNovDec
1999:JanFebMarAprMayJuneJulyAugSeptOctNovDec
U.S. Treasury securities
Bills(new issues)1
3-month
5.815.805.735.675.705.505.475.415.265.305.355.16
5.024.874.964.995.025.115.175.095.155.015.034.87
5.055.005.145.175.134.925.075.134.974.955.155.16
5.095.115.035.005.034.994.964.944.744.084.444.42
4.344.454.484.284.514.594.604.764.734.885.075.23
6-month
6.316.105.915.805.735.465.415.405.285.345.295.15
4.974.794.965.085.125.265.325.175.295.125.075.02
5.115.055.245.355.355.145.125.175.115.095.175.24
5.075.075.045085.155.125.034.974.754.154.434.43
4364.434.524.364.554.814.624.884.914985.175.43
Constantmaturities2
3-year
7.667.256.896.686.275.805.896.105.895.775.575.39
5.205.145.796.116.276.496.456.216.416.085.825.91
6.166.036.386.616.426.246.006.065.985.845.765.74
5.385.435.575.585.615.525.475.244.624.184.574.48
4614.905.115.035.335.705.625.775.755.945.926.14
10-year
7.787.477.207.066.636.176.286.496.206.045.935.71
5.655.816.276.516.746.916.876.646.836.536.206.30
6.586.42
»6.716.496.226.306.216.035.885.81
5.545.575.655.645.655.505.465.344.81
4834'.65
4725.005.235.185.545.905.795.945.926116.036.28
30-year
7.857.617.457.366.956.576.726.866.556.376.266.06
6.056.246.606.796.937.067.036.847.036.816.486.55
6,836.696.937.096.946.776.516.586.506.336.115.99
5.815.895.955925.935.705.685.545.205.015.255.06
5165.375.585.555.816.045.986.076.07626U56.35
Corporatebonds
(Moody's)
Aaa
8.468.268.128.037.657.307.41
1%7.127.026.82
6.816.997.35
7 627717.657.467.667.397.107.20
7.427.317.557.737.587.417.147.227.157.006.876.76
6.616.676.716.696.696.536.556.526.406376.416.22
6246406.626.646.937.237.197.407.397557:367.55
Baa
9.088.858.708.608.207.908.04
H!7.757.687.49
7.477.638.038.198.308.408.358.188.358.077.797.89
8.097.948.188.348.208.027.757.827.707.577.427.32
7.197.25
7 337'.307.137.157.147.097187.347.23
7297.397.537.487.728.027.958.158.208388.158.19
High-
munici-pal
hnnrkDonas(Stand-ard &
Poor's)
6.536.246.106.015.905.835.986.075.885.775.615.42
5.425.455.825.935.986.035.915.725.865.715.595.62
5.725.635.785.885.715.605.415.475.385.375.385.22
5.075.165.305.335.215.135.185.134.984.905.065.00
5045.035.105.075.175.345.365.595.705925.855.93
New-homemort-gage
yields3
8.188.288.218.157.997.737.787.757.697.587.467.40
7.327.207.497.767.808.058.018.087.987.957.807.79
7.817.787.888.038.017.957.787.597.617.547.407.40
7.277.247.177.197.187.167.137.096.986.856.806.94
6966.926.866.856.897.037.297.097.097177.247.28
Com-mer-cial
pager,
months4
6.636.386.306.196.075.795.685.755.665.715.595.43
5.234.995.265.385.425.575.675.515.665.455.405.44
5.485.425.615.795.785.695.605.59
Primerates
High-low
8.50-3.509.00-8.509.00-9.009.00-9.009.00-5.009.00-5.009.00-8.758.75-8.758.75-8.758.75-3.758.75-8.758.75-3.50
8.50-3.508.50-8.258.25-8.258.25-8.258.25-3.258.25-8.258.25-3.258.25-3.258.25-3.258.25-8.258.25-3.258.25-3.25
8.25-8.258.25-8.258.50-8.258.50-8.508.50-3.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-3.508.50-8.50
8.50-8.508.50-8.508.50-8.508.50-8 508.50-3.508.50-8.508.50-8.508.50-8.508.50-3.258.25-8.008.00-7.757.75-7.75
7 75-7 757.75-775775-775775-775775-7757.75-7758.00-8.008.25-3.008.25-8.25825-8258:50-8:258.50-8.50
Discountrate,
FederalReserve
Bankof NewYork*
High-low
475-4755.25-4755.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.25
5.25-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.00
5.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.00
5.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-47547M.504.5M.50
4.50-4.504.50-4.504.504.504.50-4.504.504.504.504.504.504.50475-4.50475-475475-4.755.00-4755.00-5.00
Federalfundsrate6
5.535.925.986.056.016.005.855745.805765.805.60
5.565.225.315.225.245.275.405.225.305.245.315.29
5.255.195.395.515.505.565.525.545.545.505.525.50
5.565.515.495.455.495.565.545.555.515.074.834.68
4.634764.814.744.744764.995.075.225.205.425.30
6 Since July 19,1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at theserates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usually the one atwhich most transactions occurred.7 From October 30,1942, to April 24,1946, a preferential rate of 0.50 percent was in effect for advances secured by Government securi-ties maturing in 1 year or less.
Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Board, Moody's InvestorsService, and Standard & Poor's.
391
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-72.—Credit market borrowing, 1990-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Item
NONFINANCIAL SECTORSDOMESTIC
FEDERAL GOVERNMENTTreasury securitiesBudget agency securities and
mortgagesNONFEDERAL, BY INSTRUMENT
Commercial paperMunicipal securities and loans ..Corporate bondsBank loans n.e.cOther loans and advancesMortgages
HomeMultifamily residentialCommercialFarm
Consumer creditNONFEDERAL BY SECTOR
Household sectorNonfinancial business
CorporateNonfarm noncorporateFarm
State and local governmentsFOREIGN BORROWING IN THE UNITED
STATESCommercial paperBondsBank loans nee .Other loans and advances
NONFINANCIAL DOMESTIC AND FOREIGNBORROWING
FINANCIAL SECTORSBY INSTRUMENT
Federal Government relatedGovernment-sponsored enter-
prise securities . . .Mortgage pool securitiesU S Government loans
Private financial sectorsOpen market paperCorporate bondsBank loans n.e.cOther loans and advancesMortgages
BY SECTORCommercial bankingSavings institutionsGovernment-sponsored enterprises ....Federally related mortgage poolsAsset-backed securities issuersFinance companiesFunding corporations
ALL SECTORSBY INSTRUMENT . .
Open market paperU S Government securitiesMunicipal securitiesCorporate and foreign bondsBank loans n.e.c . . .Other loans and advancesMortgagesConsumer credit
1990
655.1246.9238.7
8.2408.2
9.749.34714.3
61.82241212.9-1.8146-1.611.9
408.2239.4121.6125.1-4.5
1.047.2
23.912321.4-2.9-7.0
6789
21341674
171150.3
4618.6
5684.0
-23.9.6
2134-268-30.9
17.0150.361.623116.823
8923307
4144493
125.255
30.82247
11.9
1991
465.1278.2292.0
-138186.9-184
87.8788
-423-55.41470164.4-3.4
-1433
-10.718691611-59.6-46.0-15.6
2.085.4
15.168
15.031
-9.8
4802
17091457
92136.6
-0251
-32.3869
7.3-37.3
.51709-132-44.7
9.1136.668.7160-4.0
2 2
6511-4404240878
180.7-318
-102.41475-10.7
1992
524.2304.0303.8
2220.3
8630.5676
-12.05.7
1136169.5-13.4-431
.56.1
220.3166529.645.6
-16.4.5
24.1
24.156
16.823-.6
5483
24401558
403115.6
-0882-11886
H2440
100-7040.2
115.661.9-3116.2103
7924131
4598305
172.9-89
461142
6.1
1993
584.4256.1248.3
7.8328.3
10.074.87526.4
-18.91224160.1-5.1
-3361.0
58.4328.3209.4
52.746.9
3.22.6
66.2
69.8-9682.9
7-4.2
6542
29441653
80684.7
.01291-5.5
1231-14.4
22.43.6
294413411.380.684.785.4-1.4
6.3141
9486-51
4214748
281.2-72-.8
126058.4
1994
575.8155.9155.7
.2420.0
21.4-35.9
23375.234.0
177.0183.4-2.1-6.5
2.2124.9420.0316.3150.0142.3
3.34.4
-46.2
-13.9-261
12.214
-1.4
5619
46842875
1769115.4-48
180940.5
1218-13.7
22.698
468420112.8
172.1115.476.548723.1_3
10303357
4481-359157.362950.4
1868124.9
1995
721.0144.4142.9
1.5576.6181
-48.2911
103.767.2
2057180.4
7.61621.6
138.9576.63509277.2243.730.6
2.9-51.5
71.113549.785-5
7921
45392041
105998.2
0249842.7
19592.53.45.3
4539225
2.6105.998.2
142.450234.9-29
12460743
3485-482336.71147701
2110138.9
1996
745.4145.0146.6
-1.6600.3
-.92.6
116.370.533.5
289.7245.3
11.530.4
2.688.8
600.3354.0253.2164.683.84.8
-6.8
77.211355.8911.0
8226
548.92315
904141.1
03175
92.2176912.627.9
7.9548913025.590.4
141.1153.945964.1152
1371510263765
2 6348.9921625
297688.8
1997
787.123.123.2
-1764.013.771.4
1505106.569.1
3002237.6
10.8487
3.252.5
746.0327.3380.6297.0
77.46.2
56.1
57.637
47.285
-1.8
8447
65222128
984114.5
04394166.72090
13.235.6149
652246119.798.4
114.5200.748780.7434
1496918412359714
4067128210283151
52.5
1998
1,024.1-52.6-54.6
2.01,076.7
24.496.8
2187108.274.3
4866367.9
22.4902
6.267.6
1,076.7471.9524.5418.5
98.47.7
80.3
33.678
25.16 7
-60
10577
1,068.84709
2783192.6
059791610291830.190.2248
10688729522
278.3192.6316.3430407728
2126519314183968
5356145015855114
67.61 Credit unions, life insurance companies, mortgage companies, real estate investment trusts, and brokers and dealers.See next page for continuation of table.
392
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-72.—Credit market borrowing, 1990-99—Continued[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Itpm
NONFINAHCIAL SECTORSDOMESTIC
FEDERAL GOVERNMENTTreasury securitiesBudget agency securities and mortgages
NONFEDERAL, BY INSTRUMENTCommercial paperMunicipal securities and loansCorporate bondsBank loans neeOther loans and advancesMortgages
Home . . .Multifamily residentialCommercialFarm
Consumer creditNONFEDERAL, BY SECTOR
Household sectorNonfinancial business
CorporateNonfarm noncorporateFarm
State and local governmentsFOREIGN BORROWING IN THE UNITED STATES
Commercial paperBonds . . .Bank loans n.e.c ...Other loans and advances . . . . . . ..
NONFINANCIAL DOMESTIC AND FOREIGN BORROWINGFINANCIAL SECTORSBY INSTRUMENT
Federal Government relatedGovernment-sponsored enterprise securitiesMortgage pool securitiesU S Government loans
Private financial sectorsOpen market paperCorporate bondsBank loans n e eOther loans and advancesMortgages
BY SECTORCommercial bankingSavings institutionsGovernment-sponsored enterprisesFederally related mortgage poolsAsset-backed securities issuersFinance companiesFunding corporations
ALL SECTORSBY INSTRUMENT . .
Open market paperU S Government securitiesMunicipal securitiesCorporate and foreign bondsBank loans neeOther loans and advancesMortgagesConsumer credit
1
10773-14.5-12.1-24
1,091.851.1
113.5278835076.3
47823783
21.67414.1
589
10918465.15325426.99718.4
94295.0
55.3425
5.2-80
11723
9313
249214251067
0
6821236.7346357332791
9313
82.8106
1425106.72830746
139.2920
2103634302347113.56676976
10104873
58.9
19
II
10442-28.4-26.9-14
1,072.638
101.32948169240.8
40072891
21.18386.7
621
10726420.35703467.4954
7.5820
97.9
-25.51192
8.4-42
11421
9889405416642390
0
5835135.63618-97760199
988980.831.2
1664239.03524919
-286558
21310
11383771101.37758167911254205
62.1
98
III
9006-1135-113.1
-41,014.1
85682.9
10801078
77.7
47263752
16.17595.5
796
10141473.44707365.8976
7.3700
-19.66.2
-2723.6
-22
8810
10563555829402617
.0500.5141.01774602823396
1056361.7637
2940261.72942-120
11.2816
1937323274423
82.925821716157.85122
79.6
IV
10742-541
-66.3122
1,128.3-43.0
89.619321209102.559514291
30.61268
8.6699
11283528.65246413.71033
75751
-38.9-4.7
-3429.8
-97
10353
12987673351051628
.0625.4130.72819
12.41699306
1 298.766.3
103.25105162.83357
17840.9616
23340830
619189.6
44091430262.76257
69.9
1
12881-752
-73.7-15
1,363.364.4
100.72740
70.0151.05739415.1
35.91193
3.61292
13633556.47195611.21016
6.687417.3
18.39.9
-28
13054
121425922193.03992
.0622.0
78.34908-8.8416201
1,214.231.158.0
1930399.23005
712166.5-53
251961611517.0100.77657
62.1189.85940129.2
1999
II
8866-1122-112.8
6
998.73.4
48.02876
22.2-16.75941422.9
34.71275
9.0601
9987517.14459332.61142
-.9357
-36.4-27.1-126
5.6-23
8501
104295791304.72744
.0463.8
57.82898
10.51179-123
1,042.972.758.6
3047274.43358884
-63.8-276
18930341
467.048.0
564838.398.9
581860.1
III
1,130.9-83.1-83.2o
1,214.1
55.874.8
2028107.485.9
6119436.0
49.6117.9
8.4754
12141
566.0595.3469.31155
10.5528
62.6
41.4294-6.6-16
11935
1,046 5
6532407.12462
.0393.2
89.8148.1-1.2
147.294
1,046.5111.4
55.2407.1246.2190.5-227
31.227.6
2 240.01870570.1
74.83802
99.6231.5621.3
75.4
Source: Board of Governors of the Federal Reserve System.
393
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-73.—Mortgage debt outstanding by type of property and of financing, 1945-99
[Billions of dollars]
End of yearor quarter
19451946194719481949 . ...195019511952 . ...1953195419551956195719581959
1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981997-. 1
IIIllIV
1998: 1IIIllIV
1999- 1II\\\f
Allproper-
ties
35.541.848.956.262.372.782.191.4
101.3113.7130.1144.7156.7172.0190.9207.6228.1251.6278.7306.2333.7356.9381.7411.6442.3474.4525.1598.3673.6734.0793.5880.3
1,012.11,164.61,330.11,464.81,590.21,675.61,869.32,113.12,377.22,661.52,998.93,315.63,586.13,800.83,951.84,066.14,206.14,393.04,604.04,901.65,216.85,728.2
4,953.15,029.55,143.85,216.85,328.05,439.65,574.45,728.2
5,867.36,019.16,181.1
Farmproper-
ties
4.84.95.15.35.66.06.67.27.78.29.09.8
10.411.112.112.813.915.216.818.921.223.125.127.529.430.532.435.439.844.949.955.463.972.886.897.5
107.2111.3113.7112.4105.995.287.783.080.578.979.279.780.783.084.687.190.396.587.688.789.690.391.393.094.496.597.499.7
101.8
Nonfarm properties
Total
30.836.943.950.956.766.675.684.293.6
105.6121.1134.8146.4160.9178.8194.8214.2236.4261.9287.3312.5333.8356.6384.0412.9444.0492.7562.9633.8689.1743.7824.9948.2
1,091.91,243.41,367.31,483.01,564.31,755.62,000.72,271.42,566.32,911.23,232.63,505.7
3,721.93,872.73,986.34,125.44,310.04,519.44,814.45,126.55,631.7
4,865.64,940.85,054.35,126.5
5,236.65,346.65,480.05,631.7
5,769.95,919.56,079.3
1-to 4-familyhouses
18.623.028.233.337.345.151.658.666.275.888.499.2
107.8117.9130.9142.0154.7169.4186.6203.6220.8233.3247.7265.2283.6
298.0326.6367.2408.6441.5482.8547.1643.5754.5871.0968.7
1,047.71,094.11,217.11,358.01,533.41,737.81,969.82,206.02,443.02,646.62,814.52,984.13,146.53,330.03,510.33,721.93,959.64,328.4
3,765.53,819.63,914.13,959.6
4,044.04,122.84,223.44,328.4
4,420.94,533.24,647.9
Multi-familyproper-
ties
5.76.16.67.58.6
10.111.512.312.913.514.314.915.316.818.720.323.025.829.033.637.240.343.947.352.260.170.182.893.1
100.0100.6105.7114.0124.9134.8140.9138.8140.6153.8176.8205.0238.1260.3276.7287.2285.5282.3269.1266.6267.7277.0294.8310.5340.8
296.0300.9304.2310.5316.4323.3330.6340.8
351.6359.3372.5
Com-mercialproper-
ties
6.47.79.1
10.210.811.512.513.414.616.318.420.823.226.229.232.436.541.246.350.154.560.364.971.577.185.896.1
112.9132.0147.6160.3172.1190.7212.4237.5257.7296.5329.6384.7465.9533.0590.5681.1749.9775.4
789.8775.9733.2712.3712.3732.1797.7856.5962.5
804.1820.2835.9856.5
876.2900.5926.0962.5
997.31,027.01,059.0
Nonfarm properties by type of mortgage
Government underwritten
Total1
4.36.39.8
13.617.122.126.629.332.136.242.947.851.655.259.362.365.669.473.477.281.284.188.293.4
100.2109.2120.7131.1135.0140.2147.0154.1161.7176.4199.0225.1238.9248.9279.8294.8328.3370.5431.4459.7486.8517.9537.2533.3513.4559.3584.3623.2659.4677.6
631.0640.7647.1659.4
665.3664.2673.8677.6
686.9700.2718.8
1- to 4-f amity houses
Total
4.36.19.3
12.515.018.822.925.428.132.138.943.947.250.153.856.459.162.265.969.273.176.179.984.490.297.3
105.2113.0116.2121.3127.7133.5141.6153.4172.9195.2207.6217.9248.8265.9288.8328.6387.9414.2440.1470.9493.3489.8469.5514.2537.1574.1608.4627.3581.4590.3596.6608.4
614.2613.3623.3627.3
636.9648.1666.3
FHAinsured
4.13.73.85.36.98.59.7
10.812.012.814.315.516.519.723.826.729.532.335.038.342.044.847.450.654.559.965.768.266.265.166.166.568.071.481.093.6
101.3108.0127.4136.7153.0185.5235.5258.8282.8310.9330.6326.0303.2336.8352.3379.2405.7417.9384.3391.6395.6405.7410.4410.1417.3417.9426.8435.6450.4
VAguar-
anteed
0.22.45.57.28.1
10.313.214.616.119.324.628.430.730.430.029.729.629.930.930.931.131.332.533.835.737.339.544.750.056.261.667.073.682.092.0
101.6106.2109.9121.4129.1135.8143.1152.4155.4157.3160.0162.7163.8166.2177.3184.7194.9202.7209.4
197.0198.7201.0202.7
203.8203.3206.0209.4
210.1212.5215.9
Conventional2
Total
26.530.634.137.339.644.649.055.061.569.478.187.094.8
105.8119.5132.4148.6167.1188.5210.1231.3249.7268.4290.6312.7334.7372.0431.8498.8548.8596.7670.8786.4915.5
1,044.41,142.21,244.11,315.41,475.71,705.81,943.02,195.82,479.72,773.03,018.83,203.93,335.43,453.03,612.03,750.73,935.24,191.24,467.14,954.1
4,234.64,300.14,407.14,467.1
4,571.34,682.44,806.34,954.1
5,083.05,219.35,360.5
1-to 4-familyhouses
14.316.918.920.822.326.228.833.238.143.749.555.360.667.877.185.695.5
107.3120.7134.3147.6157.2167.8180.8193.4200.7221.4254.2292.4320.2355.1413.6501.9601.1698.1773.6840.1876.2968.2
1,092.11,244.61,409.21,581.91,791.92,002.92,175.72,321.22,494.32,677.02,815.82,973.33,147.83,351.13,701.13,184.13,229.33,317.53,351.13,429.83,509.53,600.13,701.1
3,784.03,885.03,981.6
1 Includes FHA insured multifamily properties, not shown separately.2 Derived figures. Total includes commercial properties, and multifamily properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
394
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-74.—Mortgage debt outstanding by holder, 1945-99[Billions of dollars]
End of yearor quarter
1945 .19461947194819491950195119521953 . .195419551956195719581959I960196119621963 . . .1964196519661967 . . .19681969197019711972197319741975197619771978 .197919801981 :::.":1982198319841985198619871988198919901991199219931994199519961997 .. . . .!19981997-1 . .
IIIIIIV
1998-1 . .||IllHV
1999: 1||III*
Total
35.541.848.956.262.372.782.191.4
101.3113.7130.1144.7156.7172.0190.9207.6228.1251.6278.7306.2333.7356.9381.7411.6442.3474.4525.1598.3673.6734.0793.5880.3
1,012.11,164.61,330.11,464.81,590.21,675.61869.32,113.12,377.22,661.52,998.9m3,800.83,951.84066.14,206.14,393.04,604.04,901.65,216.85,728.24,953.15,029.55,143.85,216.85,328.05,439.65,574.45,728.25,867.36,019.16,181.1
Major financial institutions
Total
21.026.031.837.842.951.759.567.075.285.899.5
111.4120.0131.7145.6157.7172.7192.7217.4241.3265.0281.2299.3320.4339.8356.7395.2450.9506.4544.1582.9649.3747.0849.8939.9998.6
1,042.81,023.41,110.01,247.81,363.51,476.51,667.61,834.41,935.21,918.81,846.21,770.51,770.11,824.71,900.11,981.92,084.02,194.81,993.42,033.22,064.32,084.02,114.72,122.02,137.42,194.82,202.22,242.52,322.0
Savingsinstitu-tions1
9.611.513.816.118.321.925.529.834.941.148.955.561.268.978.187.098.0
111.1127.2141.9154.9161.8172.3184.3196.4208.3236.2273.7305.0324.2355.8404.6469.4528.0574.6603.1618.5578.1626.7709.7760.5778.0860.5924.6910.3801.6705.4628.0598.4596.2596.8628.3631.8644.0626.4629.1631.4631.8637.1632.4634.3644.0646.5656.5676.3
Commer-cial
banks2
4.87.29.4
10.911.613.714.716.017.018.721.222.923.625.828.228.930.634.739.644.350.054.859.566.271.474.183.4
100.2120.1133.6137.9153.1180.8215.7246.9264.5286.5
38L4431.2504.7594.8676.9770.7849.3881.3990.5947.8
1,012.71,090.21,145.41,245.31,337.21,160.11,196.51,227.11,245.31,271.11,281.91,295.81,337.21,336.71,361.41,418.5
Lifeinsur-ancecom-
panies
6.67.28.7
10.812.916.119.321.323.326.029.433.035.237.139.241.844.246.950.555.260.064.667.570.072.074.475.576.981.486.289.291.696.8
106.2118.4131.1137.7142.0151.0156.7171.8193.8212.4232.9254.2267.9259.5242.0223.9215.8213.1208.2206.8213.6206.9207.7205.8206.8206.5207.7207.4213.6219.1224.6227.2
Other holders
Federaland
relatedagen-cies3
2.42.01.81.82.02.6
3i94.44.75.36.27.78.0
10.211.512.212.611.812.213.517.520.925.131.138.346.454.664.882.2
101.1116.7140.5170.6216.0256.8289.4355.4433.4490.6581.9733.7858.9937.8
1,067.31,258.91,422.51,558.11,682.81,787.71,879.12,006.62,112.02,311.12,029.32,048.82,075.92,112.0
- 2,134.02,196.12,262.92,311.12,400.52,470.82,535.4
Indi-viduals
andothers4
12.113.815.316.617.518.419.320.421.723.225.327.129.132.335.138.443.146.349.552.755.258.261.466.171.479.483.692.8
102.4107.7109.6114.4124.6144.3174.3209.4258.0296.8325.8374.7431.8451.3472.3543.5583.6623.0683.2737.4
182824.8913.1
1,020.81,222.3
930.4947.4
1,003.61,020.81,079.31,121.61,174.11,222.31,264.51,305.81,323.7
1 Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insuredinstitutions include loans in process for 1987 and exclude loans in process beginning 1988.2 Includes loans held by nondeposit trust companies, but not by bank trust departments.
'Includes Government National Mortage Association (GNMA), Federal Ho ' • " ' '_ _ ...,..__„ I Housing Administration, Veterans Administration, Farmers HomeAdministration (FmHA), Federal Deposit insurance Corporation, Resolution Trust Corporation (through 1995), and in earlier years Reconstruc-tion Finance Corporation, Homeowners Loan Corporation, Federal Farm Mortgage Corporation, and Public Housing Administration. Also includesU.S.-sponsored agencies such as Federal National Mortgage Association (FNMA), Federal Land Banks, Federal Home Loan Mortgage Corpora-tion (FHLMC), and mortgage pass-through securities issued or guaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amountssmall or current separate data not readily available) included with "individuals and others."4Includes private mortgage pools.
Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.
395
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-75.—Consumer credit outstanding, 1950-99[Amount outstanding (end of month); millions of dollars, seasonally adjusted]
Year and month
December:19501951 . . ..195219531954 .195519561957195819591960 . .19611962i%3 : : : '.""".. .r196419651966196719681969 . . .197019711972197319741975197619771978197919801981 . .198219831984 .19851986198719883
1989199019911992 . . . .199319941995199619971998
1998:JanFebMarAprMay ' 'JuneJulyAug ..::..:—.:::..::—SeptOcLZZZZZZZZZZZZiZ™^NovDec
1999-. JanFebMarAprMayjune.::::.:::":z..z:::::..:::::.:::i:::z::::::::::iJulyAug .zzz::zziizz:rzzrzzz:TT"": r.Septo<Lzi:.::i:z::z::zzr.zz'Z': ™ : :Nov
Totalconsumercredit1
23 229 224'628.029,685.633 696 935)028.341,869.045 448 248)078.348 394 356'010.760 025.362,248.568 126 776,581.485,959.695 954 7
101)788 2106 842 61173795127)114.3131,492.0146 937 8166,201.8190,063.1198 909 5204,014.7225 828 5259,327.5304,705.4346 858 2349,444.9366,658.6383,595.5432 587 5511)721.4593,244.2646 758 3676,383 9718,797.1778 772 3789 322 9777)402.3782 483 1839,165.1960,748.9
1 096 007 01)182)438.61,234,122 21 300 490 81,235,357.81 240 122 61,248,538.81,251,343.21 254 395 9l'263'753.71 268 908 01)275,460.41 283 336 31)292)807 31 298 276 5l'300'490 81 315 828 61325481.91 332 798 21)332)661 81 343 426 51)347)831.01 356 404 41)363)18441 366 575 2l)37l'81841.387.432.3
Revolving
202203,563.04,901.98 253.09,392.0
11,319.013,233.014,508.016 596 036,689.045,202.053,357.055,111.261,069.566,453.879 088 3
100,355.2124,742.1141 186 2160,884.1184,567.6211,175.0238 589 8263,735.32784163309,958.3365,618.1443 195 7499,531.6531,294.5560 652 9532,349.5534 761 6539,529.8541,425.05412181545)2434544 424 0548,647.9551 927 9557)185.4556 912 4560 652 9564 979 7566,745.95671160569,860.4571 957 0578)529.9583 308 5584)523.0584 512 0584'287 1588.706.7
Nonrevolving2
23 229 224)628.029,685.633 696 935,028.341,869.045 448 248)078.348 394 356'010.760 025.362,248.568 126.776,581.485,959.695 954 7
101)788.2106 842 6115'357.5123)551.3126,590.1138 684.8156,809.9178,744.1185 676.6189,506.7209 232 5222,638.5259,503.4293 501 2294,333.8305,589.1317,141.6353 499 2411)366.2468,502.1505 572 0515)499.8534,229.5567,597.3550 733 1513,667.0504 066 8529,206.859513086528113682)907.0702 827 7739 838 0703,008.3705 360 9709)009.0709 918 27131778718*51047244840726'812 5731 408 5735'621 9741 364 1739 8380750 848 9758)736.0765 682 2762*801 4771 469 5769*301 1773 095 9778*6614782 063 2787*5314798)725.6
1 Covers most short- and intermediate-term credit extended to individuals. Credit secured by real estate is excluded.2 Includes automobile loans and all other loans not included in revolving credit, such as loans for education, boats, trailers, or vacations.These loans may be secured or unsecured.3 Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.
Source: Board of Governors of the Federal Reserve System.
396
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GOVERNMENT FINANCE
TABLE B-76.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1939-2001
[Billions of dollars; fiscal years]
Fiscal year or period
1939194019411942194319441945194619471948194919501951 riTTT"
1953195419551956 77'".195719581959I9601961196219631964196519661967196819691970197119721973197419751976Transition quarter .197719781979 ...'. .'19801981
1983198419851986198719881989199019911992 .199319941995 .1996 ' ..' ..." ..'".19971998 . .19992000 2
2001 2
Total
Re-ceipts
6.36.58.7
14.624.043.745.239.338.541.639.439.451.666.269.669.765.574.680.079.679.292.594.499.7
106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.181.2
355.6399.6463.3517.1599.3617.8600.6666.5734.1769.2854.4909.3991.2
1,032.01,055.01,091.31,154.41,258.61,351.81,453.11,579.31,721.81,827.51,956.32.019.0
Outlays
9.19.5
13.735.178.691.392.755.234.529.838.842.645.567.776.170.968.470.676.682.492.192.297.7
106.8111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.896.0
409.2458.7504.0590.9678.2745.8808.4851.9946.4990.5
1,004.11,064.51,143.71,253.21,324.41,381.71,409.51,461.91,515.81,560.61,601.31,652.61,703.01,789.61.835.0
Surplusor
deficit(-)
-2.8-2.9-4.9
-20.5-54.6-47.6-47.6-15.9
4.011.8
.6-3.1
6.1-1.5-6.5-1.2-3.0
3.93.4
-2.8-12.8
-3^3-7.1-4.8-5.9-1.4-3.7-8.6
-25.23.2
-2.8-23.0-23.4-14.9-6.1
-53.2-73.7-14.7-53.7-59.2-40.7-73.8-79.0
-128.0-207.8-185.4-212.3-221.2-149.8-155.2-152.5-221.2-269.4-290.4-255.1-203.3-164.0-107.5-22.0
69.2124.4166.7184.0
On-budget
Re-ceipts
5.86.08.0
13.722.942.543.838.137.139.937.737.348.562.665.565.160.468.273.271.671.081.982.387.492.496.2
100.1111.7124.4128.1157.9159.3151.3167.4184.7209.3216.6231.763.2
278.7314.2365.3403.9469.1474.3453.2500.4547.9569.0641.0667.8727.5750.3761.2788.9842.5923.6
1,000.81,085.61,187.3
1,479.51.519.1
Outlays
9.29.5
13.635.178.591.292.655.034.229.438.442.044.266.073.867.964.565.770.674.983.181.386.093.396.4
102.8101.7114.8137.0155.8158.4168.0177.3193.8200.1217.3271.9302.2
76.6328.5369.1404.1476.6543.1594.4661.3686.1769.6807.0810.3861.8932.8
1,028.11,082.71,129.31,142.91,182.51,227.21,259.71,290.71,336.01,382.31,460.61.494.8
Surplusor
deficit(-)
-3.4-3.5-5.6
-21.3-55.6-48.7-48.7-17.0
2.9,0,
-4.74.3
-3.4-8.3-2.8.̂12.52.6
-3.3-12.1
-3*-5.9-4.0-6.5-1.6-3.1
-12.6-27.7
-8.7-26.1-26.4-15.4-8.0
-55.3-70.5-13.3-49.8-54.9-38.7-72.7-74.0
-120.1-208.0-185.7-221.7-238.0-169.3-194.0-205.2-277.8-321.6-340.5-300.5-258.9-226.4-174.1-103.4-30.0
18.924.4
Off-budget
Re-ceipts
0.5.6
.91.11.31.31.21.51.61.72.13.13.64.14.65.16.46.88.08.3
10.612.112.314.216.416.719.124.424.929.033.535.839.946.153.962.566.418.0
t840
113.2130.2143.5147.3166.1186.2200.2213.4241.5263.7281.7293.9302.4311.9335.0351.1367.5392.0415.8444.5476.8499.9
Outlays
-0.0-.0
.0
.1
!l.1
'.3
A
L31.72.32.94.05.06.07.59.0
10.911.713.515.015.716.519.720.422.325.227.632.836.945.652.160.469.619.480.789.7
100.0114.3135.2151.4147.1165.8176.8183.5193.8202.7210.9225.1241.7252.3266.6279.4288.7300.9310.6316.6320.8328.9340.3
Surplusor
deficit(-)
0.5.6
.81.01.21.21.01.21.21.31.61.81.91.81.71.11.5.8
-.2
-u-.8
.6
-.B4.02.63.75.93.03.1
L82.0
-3.2
:JiU-1.1
3.2.3
9.416.719.638.852.856.652.250.145.355.762.466.681.499.2
123.7147.8159.6
Federal debt (endof period)
GrossFederal
48.250.757.579.2
142.6204.1260.1271.0257.1252.0252.6256.9255.3259.1266.0270.8274.4272.7272.3279.7287.5290.5292.6302.9310.3316.1322.3328.5340.4368.7365.8380.9408.2435.9466.3483.9541.9629.0643.6706.4776.6829.5909.1994.8
1,137.31,371.71,564.71,817.52,120.62,346.12,601.32,868.03,206.63,598.54,002.14,351.44,643.74,921.05,181.95,369.75,478.75,606.15,686.35.769.0
Held bythe
public
41.442.848.267.8
127.8184.8235.2241.9224.3216.3214.3219.0214.3214.8218.4224.5226.6222.2219.3226.3234.7236.8238.4248.0254.0256.8260.8
289'.5278.1283.2303.0322.4340.9343.7394.7477.4495.5549.1607.1640.3711.9789.4924.6
1,137.31,307.01507.41,740.81,889.92,051.82,191.02,411.82,689.33000.13,248.83,433.43,604.83,734.53,772.83,721.63,632.93,475.93.305.0
Adden-dum:Gross
domes-tic
prod-uct1
88.996.5
113.9144.2180.0209.0221.4222.9234.9256.6271.7273.6321.3348.9373.1378.0395.3427.6450.5460.6491.8519.8530.9568.6600.2642.3688.2757.2811.7870.0949.4
1,013.71,081.71,178.51,313.61,441.71,559.21,735.9
459.21,974.62,219.52,504.92,731.83,060.33,231.13,441.73,846.54,141.64,398.34,653.95,016.65,406.65,738.45,927.96,221.76,560.96,948.87,322.67,700.18,182.88,636.39,115.49,571.9
10.041.31 Revised GDP data for years prior to 1960 are not yet available from the Bureau of Economic Analysis. GDP (and related percentages) for
years prior to 1960 estimated by Office of Management and Budget.2 Estimates.Note—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year
is on an October 1-September 30 basis. The 3-month period from July 1,1976 through September 30,1976 is a separate fiscal period knownas the transition quarter.
Refunds of receipts are excluded from receipts and outlays.See Budget of the United States Government, Fiscal Year 2001, February 2000, for additional information.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and Budget.
397
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-77.—Federal budget receipts, outlays, surplus or deficit, and debt, as percent of gross domesticproduct, fiscal years 1934-2001
[Percent; fiscal years]
Fiscal year or period
19341935193619371938 .. .1939194019411942194319441945194619471948194919501951195219531954195519561957195819591960 . .. .1961196219631964 .196519661967 .196819691970197119721973197419751976Transition quarter197719781979 .. .198019811982198319841985198619871988 ..198919901991199219931994199519961997199819992000 J
2001 »
Receipts
4.85.25.06.17.67.16.87.6
10.113.320.920.417.616.416.214.514.416.119.018.718.416.617.417.817.316.117.817.817.517.817.517.017.318.317.619.719.017.317.617.618.317.917.217.718.018.018.518.919.619.117.417.317.717.518.418.118.318.017.817.517.618.118.518.919.319.920.020.420.1
Outlays
Total
10.79.2
10.58.67.7
10.39.8
12.024.443.643.741.924.814.711.614.315.614.219.420.418.717.316.517.017.918.717.718.418.818.518.517.217.819.420.519.319.319.419.618.718.721.321.420.920.720.720.121.622.223.123.522.122.922.521.621.221.221.822.322.221.521.020.720.319.619.118.718.718.3
Nationaldefense
1.75.6
17.837.137.937.519.1
3.54.85.07.3
13.214.213.010.89.9
10.110.210.09.39.39.28.98.57.47.78.89.48.78.17.36.75.85.55.55.24.84.94.74.64.95.15.76.15.96.16.26.15.85.65.24.64.84.44.13.73.53.33.13.03.02.9
Surplus or def-icit (-)
-5.9-4.0-5.5-2.5
-12-3.0-4.3
-14.2-30.3-22.8-21.5-7.1
1.74.6
.2-1.1
1.9-.4
-1.7-.3
.8-.6
-2.6
-16-1.3-.8-.9
"5-1.1-2.9
.3
-2.1-2.0-1.1
-34-4.2-3.2-2.7-2.7-1.6-2.7-2.6-4.0-6.0-4.8-5.1-5.0-3.2-3.1-2.8-3.9-4.5-4.7-3.9-2.9-2.2-1.4
~!81.41.71.8
Federal debt (end of period)
GrossFederal
54.252.550.554.979.297.6
117.5121.6109.598.293.093.979.574.371.371.669.463.860.460.758.555.955.153.351.749.246.843.441.942.438.537.637.737.035.533.634.836.235.035.835.033.133.332.535.239.940.743.948.250.451.953.055.960.764.366.366.867.267.365.663.461.559.457.5
Held bypublic
46.644.342.347.071.088.4
106.2108.595.584.378.980.166.761.6
iliSi48.749.147.745.644.943.642.340.037.934.832.833.329.327.928.027.426.023.825.327.527.027.827.425.626.125.828.633.034.0
40i640.940.542.045.448.249.549.449.248.546.143.139.936.332.9
i Estimates.Note.—See footnote 1 and Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.
398
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—78.—Federal receipts and outlays, by major category, and surplus or deficit, fiscal years1940-2001
[Billions of dollars; fiscal years]
Fiscal yearor
period
19401941194219431944 .'.....' .19451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976Transition
quarter197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000 l
2001 » . :.:..:
Receipts (on-budget and off-budget)
Total
658.7
14.624043.745.239.338.541.639.439.451.666269.669.765.574.680.079.679292.594499.7
106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.1
81.2355.6399.6463.3517.1599.3617.8600.6666.5734.1769.2854.4909.3991.2
1,032.01,055.01,091.31,154.41,258.61,351.81,453.11,579.31,721.81,827.51,956.32,019.0
Inriiindi-vidual
in-cometaxes
091.33.365
19.718.416117.919.315.611821.627929879S28.732.235.634.7
40.741345.647.648.748.855.461.568.787.290.486.294.7
103.2119.0122.4131.6
38.8157.6181.0217.8244.1285.9297.7288.9298.4334.5349.0392.6401.2445.7466.9467.8476.0509.7543.1590.2656.4737.5828.6879.5951.6972.4
Coroo-rationincometaxes
1.2
4J96
14816.01198.69.7
11.210.414.121221221.117.920.921.220.117321.521020.521.623.525.530.134.028.736.732.826.832.236.238.640.641.4
8.554.960.065.764.661.149.237.056.961.363.183.994.5
103.393.598.1
100.3117.5140.4157.0171.8182.3188.7184.7192.4194.8
Socialinsur-
andretire-mentre-
ceipts
181.92.5303'53.5313.43.83.8435.764687.27.99.3
10.011.211714.716417.019.822.022.225.532.633.939.044.447.352.663.175.184.590.8
25.2106.5121.0138.9157.8182.7201.5209.0239.4265.2283.9303.3334.3359.4380.0396.0413.7428.3461.5484.5509.4539.4571.8611.8650.0682.1
Other
2.7
4i2495.77.38?8.58.88.989
10.210611711911.012.213.213.6ns15.615716.517.618.520.319.820.721.723.925.226.827.828.330.631.534.3
8.836.637.740.850.669.569.365.671.873.173.274.679.382.891.593.1
101.498.9
113.7120.1115.4120.2132.7151.5162.3169.8
Outlays (on-budget and off-budget)
Total
9513.735.17869L392.755234.529.838.842.645.567776170.968.470.676.682.492192.2977
106.8111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.8
96.0409.2458.7504.0590.9678.2745.8808.4851.9946.4990.5
1,004.11,064.51,143.71,253.21,324.41,381.71,409.51,461.91,515.81,560.61,601.31,652.6U03.01,789.61,835.0
Nationaldefense
Total
1764
25.766.7
8104? 712.89.1
13.213723.646152849342.742.545.446.849048.149652.353.454.850.658.171.481.982.581.778.979.276.779.386.589.6
22.397.2
104.5116.3134.0157.5185.3209.9227.4252.7273.4282.0290.4303.6299.3273.3298.4291.1281.6272.1265.8270.5268.5274.9290.6291.2
Depart-ment ofDefense,military
50.151.152.648.856.670.180.480.880.177.577.675.077.984.987.9
21.895.1
102.3113.6130.9153.9180.7204.4220.9245.2265.5274.0281.9294.9289.8262.4286.9278.6268.6259.4253.2258.3256.1261.4277.5277.5
Inter-
tion-alaf-
fairs
01.1
1.0131.41.91.95.84.66.14.73.62 7211.62.22.43.13.43.13.0325.65.34.95.35.65.65.34.64.34.24.84.15.77.16.4
2.56.47.57.5
12.713.112.311.815.916.214.211.610.59.6
13.815.916.117.217.116.413.515.213.115.217.119.6
Health
01.111
.22.2.2.232q
3
4
5
.89
1.21.51.81.82.53.44.45.25.96.88.79.4
10.712.915.7
3.917.318.520.523.226.927.4
30431535.940.044.548.457.771.289.5994
107.1115.4119.4123.81314141.1154.2166.7
Medi-care
in2.74.65.76.26.67.58.19.6
12.915.8
4.319.322.826.532.139.146.652.657.565.870.275.178.985.098.1
104.5119.0130.6144.7159.9174.2190.0192.81904202.5220.5
In-comesecu-rity
151.91.8171.51.1242.82.53.24.13.4373.84.45.14.75.47.58.27.4979.29.39.79.59.7
10.311.813.115.722.927.728.333.750.260.8
15.061.161.566486.699.7
107.7122.6112.7128.2119.8123.31294136.1147.1170.3197.0207.3214.1220.5226.0230.9233.2237.7251.3259.7
Socialsecu-rity
0.0
ll.2
'.34.5.6.7.8
1.6212.734445.56.78.29.7
11.612.514.415.816.617.520.721.723.927.330.335.940.249.155.964.773.9
19.885.193.9
104.1118.5139.6156.0170.7178.2188.6198.8207.4219.3232.5248.6269.0287.6304.6319.6335.8349.7365.3379.2390.0406.6425.7
Netinter-est
09.9
1.1152.'23.1414.24.34.54.84.74 7524.84.95.1545.65.86.9676.97.78.28.694
10.311.112.714.414.815.517.321.423.226.7
6.929.935.542.652.568.885.089.8
111.1129.5136.0138.7151.8169.0184.4194.51994198.7203.0232.2241.1244.0241.2229.7220.3208.3
Other
5.3
54706.'63.1368.28.5
11.114.284819.17.18.9
10.110.110.315.514415.217.218.322.625.028.532.135.132.637.240.047.352.852.974.882.7
21493.0
114.7120.2131.3133.51254122.2118.6131.8142.2126.1139.7159.5204.2225.8174.7160.6174.7163.6171.0161.5193.2223.9246.9243.2
Surplusor
Hofiritdeficit
(on-budget
andoff-
budget)
-29-4.9
-20.5-546-47.6-47.6-15.9
4.011.8
.6-3.1
6.1-15-6.5-1.2-3.0
3.93.4
-2.8-12.8
.3-3.3-7.1-4.8-5.9-14-3.7-8.6
-25.23.2
-2.8-23.0-23.4-14.9-6.1
-53.2-73.7
-14.7-53.7-59.2-40.7-73.8-79.0
-128.0-207.8-1854-212.3-221.2-149.8-155.2-152.5-221.2-269.4-2904-255.1-203.3-164.0-107.5-22.0
69.2124.4166.7184.0
1 Estimates.Note.-See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.
399
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-79.—Federal receipts, outlays, deficit, and debt, focal yean 1995-2001[Millions of dollars; fiscal years]
Description
RECEIPTS AND OUTLAYS:Total receiptsTotal outlays
Total surplus or deficit (-)On-budget receiptsOn-budget outlays
On-budget surplus or deficit ( - ) . . . .Off-budget receipts . . .Off-budget outlays
Off-budget surplus or deficit (-)OUTSTANDING DEBT, END OF PERIOD:Gross Federal debt
Held by Government accountsHeld by the public
Federal Reserve System
RECEIPTS: ON-BUDGET AND OFF-BUDGETIndividual income taxesCorporation income taxesSocial insurance and retirement receipts
On-budgetOff-budget
Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts:
Deposits of earnings by FederalReserve System
Allother1
OUTLAYS: ON-BUDGET AND OFF-BUDGETNational defenseInternational affairsGeneral science, space and technologyEnergyNatural resources and environment ...AgricultureCommerce and housing credit
On-budgetOff-budget
TransportationCommunity and regional developmentEducation, training, employment, and
social services .HealthMedicareIncome securitySocial security
On-budgetOff-budget
Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest
On-budgetOff-budget
AllowancesUndistributed offsetting receipts
On-budget . .Off-budget
Actual1995
1,351,8301,515,837-164,0071,000,7511,227,173-226,422
351,079288,66462,415
4,921,0051,316,2083,604,797
374,1143,230,6831,351,830
590,244157,004484,473133,394351,079
57,48414,76319,301
23,3785,183
1,515,837272,066
16,43416,7244,936
21,9159,778
-17,808-15,839-1,96939,35010,74954,263
115,418159,855220,493335,846
5,476330,37037,89016,21613,998
232,169265,474-33,305
-44,455-38,023-6,432
1996
1,453,0621,560,572-107,5101,085,5701,259,668-174,098
367,492300,90466,588
5,181,9211,447,3923,734,529
390,9243,343,6051,453,062
656,417171,824509,414141,922367,49254,01417,18918,670
20,4775,057
1,560,572265,753
13,49616,7092,839
21,5249,159
-10,472-10,292
-18039,56510,74552,001
119,378174,225225,967349,676
5,807343,86936,98517,54812,004
241,090277,597-36,507
-37,620-31,342-6,278
1997
1,579,2921,601,282-21,990
1,187,3021,290,656-103,354
391,990310,62681,364
5,369,6941,596,8623,772,832
424,5073,348,3241,579,292
737,466182,293539,371147,381391,990
56,92419,84517,928
19,6365,829
1,601,282270,505
15,22817,1741,475
21,2279,032
-14,624-14,575
-4940,76711,05553,008
123,843190,016230,899365,257
6,885358,37239,31320,17312,891
244,016285,230-41,214
-49,973-43,490-6,483
1998
1,721,7981,652,611
69,1871,305,9991,336,007-30,008415,799316,60499,195
5,478,7111,757,0903,721,621
458,1313,263,4901,721,798
828,586188,677571,831156,032415,799
57,67324,07618,297
24,5408,118
1,652,611268,456
13,10918,219
1,27022,30012,2061,014
797217
40,3359,776
54,954131,442192,822233,202379,225
9,156370,06941,78122,83215,709
241,153287,783^6,630
-47,194-40,142-7,052
1999
1,827,4541,703,040
124,4141,382,9861,382,262
724444,468320,778123,690
5,606,0871,973,1603,632,927
488,8653,144,0621,827,454
879,480184,680611,833167,365444,468
70,41427,78218,336
25,9179,012
1,703,040274,87315,24318,125
91223,96823,0112,6471,6261,021
42,53111,87056,402
141,079190,447237,707390,041
10,828379,21343,21225,92415,758
229,735281,806-52,071
-40,445-33,060-7,385
Estimates2000
1,956,2521,789,562
166,6901,479,4891,460:633
18,856476,763328,929147,834
5,686,3382,210,4783,475,860
1,956,252951,586192,395650,021173,258476,763
68,38430,48620,875
32,45210,053
1,789,562290,636
1707818,853-1,64024,47931,9885,5984,1001,498
46,70911,11563,397
154,227202,513251,286406,625
11,678394,94746,79626,77115,035
220,314279,970-59,656
843-43,061-35,201-7,860
2001
2,019,0311,835,033
183,9981,519,1361,494,777
24,359499,895340,256159,639
5,768,9572,463,9773,304,980
2,019,031972,410194,770682,080182,185499,895
76,67632,30420,871
29,52010,400
1,835,033291,202
19,60719,63824-$22,4142,9452,498
44749,53210,17767,544
166,686220,515259,724425,738
9,850415,88846,44931,40815,429
208,312276,450-68,138
-993-45,616-37,675-7,941
1 Beginning 1984, includes universal service fund receipts.Note.-See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.
400
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—80.—Federal and State and local government current receipts and expenditures, nationalincome and product accounts (NIPA), 1959-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I9601961196219631964196519661967i%8 :;;;: :.:...:::..::::19691970197119721973197419751976 ~1977 .'.' "197819791980
1982
1984 ~~'"J198519861987 " '.". '.1988198919901991199219931994199519961007
19981999*1994-1
IIIIIIV . ..
1995:1IIHIIV
1996-1III I IIV
1997:1||HiIV
1998:|||IllIV
1999:1||HiIV*
Total government
Currentreceipts
122.1131.2135.8147.0157.9162.1175.4197.8212.1245.3276.3279.6295.9338.1380.3419.6430.5492.6552.8626.0702.7767.1877.6890.3944.5
1,047.81,135.81,206.71,322.51,410.91,530.91,607.71,656.61,744.41,857.91,993.02,117.12,269.12,440.52,611.8
1,924.41,993.42,008.12,046.02,069.82,113.72,129.82,155.02,201.92,263.82,276.52,334.22,372.32,414.12,468.62,507.12,544.82,586.82,635.32,680.22,716.62,754.42,800.5
Currentexpendi-
tures
115.1119.9129.1139.4147.0154.9165.7187.3213.4239.2258.7286.9316.3345.0375.8424.2497.4538.3584.8634.3701.1812.0923.7
1,025.11,113.51,192.11,290.71,378.11,458.21,532.71,641.61,778.01,879.72,046.92,130.52,196.72293.72,384.52,461.82,523.12,619.72,161.32,177.12,210.92,237.62,262.22,288.02,309.82,314.92,361.42,373.62,384.32,418.72,433.82,453.62,465.62,494.22,488.02,512.42,525.92,566.32,570.32,598.72,617.82,692.0
Currentsurplus or
deficit
<W7.0
11.36.87.6
10.97.29.7
10,5-1.4
6.217.6-7.3
-20.4-6.9
4.5-4.6
-66.9-45.7-32.0-8.2
1.7-44.9-46.2
-134.8-169.1-144.2-154.9-171.4-135.7-121.8-110.7-170.3-223.1-302.5-272.7-203.7-176.7-115.4-21.3
88.7
-236.9-183.6-202.8-191.5-192.3-174.4-180.0-159.9-159.4-109.8-107.8-84.5-61.5-39.5
iH56.974.4
109.5113.9146.3155.7182.7
Federal Government
Currentreceipts
87.092.894.4
102.3110.2110.2119.3136.3144.9168.5190.1184.3189.8217.5248.5277.3276.1318.9359.9417.3478.3522.8605.6
688il747.4786.4870.5928.9
1,010.31,055.71,072.31,121.31,197.31,293.71383.71,499.11,627.21,750.7
1,243.71,297.61,303.51,329.91,348.21,385.71,391.71,409.21,446.91,495.61,503.41,550.51,573.81,609.01,648.01,677.81,704.81,734.41,770.31,793.31,826.51,853.11,883.1
Currentexpendi-
tures
83.885.892.0
100.0105.0109.3116.1133.6153.2169.8180.5198.6216.6240.0259.7291.2345.4371.9405.0444.2489.6576.6659.3732.1797.8856.1924.6978.5
1,018.41,066.21,140.31,228.71,287.61,418.91,471.51,506.01,575.71,635.91,676.01,703.81,754.91,481.21,488.21,515.51,539.31,556.41,574.61,589.31,582.41,623.41,632.61,633.51,654.21,661.21,672.21,675.91,694.61,680.01,690.91,710.71,733.51,728.91,735.01,749.31,806.3
Currentsurplus or
deficit(-)
(NIPA)
3.27.12.52.45.2
si2.7
-8.3-1.3
9.6-14.4-26.8-22.5-11.2-13.9
33-45.2-26.9-11.4-53.8-53.7
-17&9
-177il-192.1-147.9-137.4-130.0-173.0-215.3-297.5-274.1
3B-136.8-48.8
46.9
-237.5-190.5-212.0-209.4-208.3-188.9-197.6-173.2-176.5-137.0-130.1-103.7-87.4-63.2-27.9-16.8
24.943.559.659.797.6
118.1133.8
State and local government
Currentreceipts
38.942.445.949.753.4
8*71.578.989.5
100.7114.6129.3152.3166.6178.5199.6224.5249.5274.3290.8316.6344.4360.3392.1436.4469.2507.9536.0573.7618.9663.4716.0777.2823.2873.8917.9960.4
1,009.01,070.4
852.0867.0879.8896.6906.8914.3923.4927.0940.4962.2966.1972.9991.3997.4
1,016.51,031.11,042.11,053.21,085.31,101.11,110.01,117.01,148.0
Currentexpendi-
tures
35.138.141.644.547.752.056.863.871.982.192.8
107.5122.9136.7150.9169.2197.2217.2236.4255.6277.8307.8336.9362.5387.3412.6447.0487.2523.8558.1599.6660.8723.8777.2821.7865.2902.5939.0981.5
1,028.71,089.0
851.4860.1870.6878.7890.8899.7905.8913.8923.4935.0943.8953.6965.5973.7985.6
1,001.31,010.11,022.31,035.41,046.91,061.21,079.41,099.11,116.4
Currentsurplus or
deficit(-)
(NIPA)
3.84.34.35.25.76.46.57.77.07.58.07.16.4
15.615.79.32.47.3
13.118.713.08.87.5
-2.34.8
23.822.320.812.215.619.32.6
-7.8-4.9
1.58.6
15.321.427.541.7
.6
817.815.914.617.513.317.027.222.319.325.923.730.929.732.030.949.954.248.737.648.9
Adden-dum:
Grants-in-aid
toStateandlocal
govern-ments
3.8
35.05.66.57.2
10.111.712.714.619.323.231.734.836.345.150.756.665.566.372.372.569.571.676.780.987.683.991.698.3
111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3185.5194.0193.0189.2192.8192.2195.9201.7202.1200.8220.2214.2219.9215.7230.6230.7
Note.—federal grants-in-aid to State and local governments are reflected in Federal current expenditures and State and local current re-ceipts. Total government current receipts and expenditures have been adjusted to eliminate this duplication.
Source: Department of Commerce, Bureau of Economic Analysis.
401Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-81.—Federal and State and local government current receipts and expenditures, nationalincome and product accounts (NIPA), by major type, 1959—99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986 !1987198819891990199119921993199419951996199719981999/>1994:1
IIIllIV
1995:1IIIllIV
1996:1IIIllIV
1997:1IIillIV
1998:1IIIllIV
1999-1IIIllIV* ....
Current receipts
Total
122.1131.2135.8147.0157.9162.1175.4197.8212.1245.3276.3279.6295.9338.1380.3419.6430.5492.6552.8626.0702.7767.1877.6890.3944.5
1,047.81,135.81,206.71,322.51,410.91,530.91,607.71,656.61,744.41,857.91,993.02,117.12,269.12,440.52,611.8
1,924.41,993.42,008.12,046.02,069.82,113.72,129.82,155.02,201.92,263.82,276.52,334.22,372.32,414.12,468.62,507.12,544.82,586.82,635.32,680.22,716.62,754.42,800.5
Per-sonal
tax andnontax
re-ceipts
42.846.647.952.355.352.858.467.374.288.3
105.9104.6103.4125.6134.5153.3150.3175.5201.2233.5273.3304.2351.5361.6360.9387.2428.5449.9503.0519.7583.5609.6610.5635.8674.6722.6778.3869.7968.3
1,072.61,152.0
695.4732.2724.3738.5751.8780.5781.6799.5830.7872.5877.3898.1934.2954.4978.6
1,006.01,031.21,058.01,088.31,113.01,124.81,139.41,160.41,183.2
Corpo-rate
profitstaxac-
cruals
23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5
106.5127.1137.2141.5140.6133.6143.1165.4186.7211.0223.6238.3240.2
165.4182.8194.4204.1203.1208.8218.7213.3219.7225.3224.0225.6228.9233.2246.8244.1239.9241.1244.3235.6248.0254.4259.4
In-directbusi-nesstaxandnon-taxac-
cruals
41.945.548.151.754.758.862.765.470.479.086.694.3
103.6111.4121.0129.3140.0151.6165.5177.8188.7212.0249.3256.7280.3309.1329.4346.8369.3392.6420.7447.3482.3510.6540.1575.3594.6620.0645.8677.0715.6565.3572.2578.7584.9589.3594.1593.6601.3606.8613.2615.7644.3632.5643.0652.0655.4663.5670.1676.6697.8696.6706.7718.3740.6
Contri-butions
forsocialinsur-ance
13.816.417.019.121.722.423.431.334.938.744.146.451.259.275.585.289.3
101.3113.1131.3152.7166.2195.7208.9226.0257.5281.4303.4323.1361.5385.2410.1430.2455.0477.8508.4533.2555.8588.2621.9658.1498.2506.2510.9518.5525.6530.4
8H544.7552.9559.5566.1576.6583.4591.2601.5610.3617.6626.1633.8647.2653.8662.3669.0
Current expenditures
TotaM
115.1119.9129.1139.4147.0154.9165.7187.3213.4239.2258.7286.9316.3345.0375.8424.2497.4538.3584.8634.3701.1812.0923.7
1,025.11,113.51,192.11,290.71,378.11,458.21,532.71,641.61,778.01,879.72,046.92,130.52,196.72,293.72,384.52,461.82,523.12,619.72,161.32,177.12,210.92,237.62,262.22,288.02,309.82,314.92,361.42,373.62,384.32,418.72,433.82,453.62,465.62,494.22,488.02,512.42,525.92,566.32,570.32,598.72,617.82,692.0
Con-sump-tion
expend-itures
83.285.590.298.9
104.9110.5118.2134.0151.6168.1180.2192.4207.0223.7238.5264.9296.5318.1347.8378.5415.0469.4524.5572.1613.1661.5719.5769.1813.6850.7902.6965.7
1,015.21,047.41,072.11,102.31,133.91,171.81,222.91,261.01,332.31,087.61,093.81,114.81,112.91,124.21,133.81,141.91,135.61,154.31,170.01,173.51,189.51,203.81,220.71,228.6i;238.51,236.61,260.11,265.21,282.11,299.41,313.71,341.51,374.5
Trans-fer
pay-ments
24.726.330.230.932.433.436.039.747.554.960.673.587.597.0
110.5131.5166.4180.4192.0206.1230.2275.0311.8348.5376.4387.4414.2440.4458.0486.5529.6583.1620.1745.4793.2825.4869.9916.0944.5965.2999.1811.2816.9826.1847.5855.9865.5874.5883.8909.4908.6914.5931.3935.8940.0944.1958.1955.8957.6966.7980.7985.3993.3
1,000.11,017.9
Net interest paid
Total
7.17.97.58.28.99.6
10.010.711.513.114.516.217.018.421.223.126.933.135.539.344.853.271.686.699.4
120.7136.5145.1156.7168.3187.0204.3223.1232.0235.8244.0268.0274.4275.7276.4262.2235.0241.4246.6253.1260.5266.9271.2273.3274.7272.5274.7275.9273.8274.7276.4278.0277.9277.9277.4272.5265.0264.1259.2260.5
Inter-estpaid
10.410.211.112.012.913.715.116.418.820.723.424.526.331.335.640.046.350.860.272.989.1
116.7138.9156.9187.3211.5226.1236.5253.7276.9297.8314.6316.3316.0326.9357.5366.6369.2368.4356.8315.2322.8330.1339.5349.4357.1360.6362.7365.0363.9367.8369.7367.9369.3369.9369.7369.1370.1368.8365.6358.1358.6354.3356.3
Less:Inter-estre-
ceivedby
govern-ment 2
2.52.62.93.13.33.74.44.95.76.27.17.57.9
10.012.513.113.215.320.928.235.945.152.457.566.675.081.179.885.490.093.691.584.380.282.989.592.293.592.094.680.281.583.586.488.990.189.489.490.391.493.293.894.194.693.691.791.292.291.493.293.194.595.195.8
Less:Divi-
dendsre-
ceivedby
govern-ment2
•»•—
0.0.0.0.0.0.0.0.0.0.0.1.1.1'.2
'.2
'.2.2
.2
.2
.2
'.2.3.3
'.3
'.2
.2
.2
'.3
'.3.3
'.3
'.3.3.3.3.3
'.3.3
Subsi-dieslesscur-rentsur-
plus ofgovern-
mententer-prises
0.1.2
1.21.4.9
1.41.73.02.93.03.54.84.96.15.64.27.76.99.7
10.611.014.516.118.124.322.920.423.630.127.422.625.321.522.429.625.222.222.619.020.826.427.625.123.624.321.822.022.522.523.322.922.022.220.918.516.819.918.017.116.931.421.027.917.339.4
Currentsurplus
ordeficit
(NIPA)
7.011.36.87.6
10.97.29.7
10.5-1.4
6.217.6-7.3
-20.4-6.9
4.5-4.6
-66.9-45.7-32.0-8.2
1.7-44.9-46.2
-134.8-169.1-144.2-154.9-171.4-135.7
121.8-110.7-170.3-223.1-302.5-272.7-203.7-176.7-115.4-21.3
88.7
-236.9-183.6-202.8-191.1-192.3-174.4-180.0-159.9-159.4-109.8-107.8-84.5-61.5-39.5
3.013.056.974.4
109.5113.9146.3155.7182.7
Adden-dum:
Grants-in-aid
toStateandlocal
govern-ments
3.84.04.55.05.66.57.2
10.111.712.714.619.323.231.734.836.345.150.756.665.566.372.372.569.571.676.7
!?i83.991.698.3
111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3185.5194.0193.0189.2192.8192.2195.9201.7202.1200.8220.2214.2219.9215.7230.6230.7
1 Includes an item for the difference between wagi2 Prior to 1968, dividends received is included in interest received.Source: Department of Commerce, Bureau of Economic Analysis.
402
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-82.—Federal Government current receipts and expenditures, national income and productaccounts (NIPA), 1959-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I960196119621963196419651966196719681969197019711972 ..:...::..:197319741975197619771978 .."..I".1979198019811982 :.::..:::.:198319841985198619871988198919901991 .199219931994 . .19951996199719981999*1994:1
IIIllIV
1995:1IIIllIV
1996:1IIIllIV
1997:1IIIllIV
1998: IIIIllIV
1999:1IIillIV* ...
Current receipts
Total
87.092.894.4
102.3110.2110.2119.3136.3144.9168.5190.1184.3189.8217.5248.5277.3276.1318.9359.9417.3478.3522.8605.6599.5
Si747.4786.4870.5928.9
1,010.31,055.71,072.31,121.31,197.31,293.71,383.71,449.11,627.21,750.7
1,243.71,297.61,303.51,329.91,348.21,385.71,391.71,409.2
1,446.91,495.61,503.41,550.5
1,573.81,609.01,648.01,677.8
1,704.81,734.41,770.31,793.31,826.51,853.11,883.1
Per-sonal
tax andnontax
re-ceipts
38.541.942.746.649.246.051.158.764.476.591.888.985.9
102.9109.7126.6120.9141.4162.3189.1224.8250.2290.8295.7287.2302.5337.2351.4394.5405.7454.6473.6465.2479.4509.9547.8591.8670.0750.9835.7900.1526.8558.1548.0558.4569.4596.3593.3608.3
637.5674.4675.6692.6
723.0740.1759.0781.5
803.3824.0847.3868.1877.9892.1908.0922.3
Cor-porateprofits
taxaccru-
als
22.521.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.474.470.365.749.061.375.276.383.8
103.2111.1117.2
ytt118.8138.5156.7179.3190.6204.2206.5
138.9153.4163.1171.5172.6177.5185.9181.3
187.3192.0190.9192.3
196.2199.9211.5209.3
206.2207.2209.9202.6212.6218.1222.4
Indirectbusi-ness
tax andnontaxaccru-
als
12.613.513.714.715.416.316.615.716.518.219.219.520.520.121.522.124.223.825.628.930.139.757.349.953.557.657.553.756.858.962.363.978.581.385.395.293.095.194.997.3
100.994.494.596.195.995.695.390.092.0
90.489.089.7
111.3
89.496.797.296.2
95.896.497.799.699.5
100.0101.5102.7
Contri-butions
forsocialinsur-ance
13.416.016.518.621.021.722.730.534.037.843.145.350.057.974.083.587.599.1
110.3127.9148.9162.6191.8204.9221.8252.8276.5297.5315.9353.1376.3400.1418.6441.8463.7493.9519.6543.3577.2611.2647.0483.6491.6496.4504.1511.6516.6522.5527.7
531.8540.2547.2554.2
565.2572.4580.4590.8
599.5606.9615.4623.1636.5642.9651.2657.5
Current expenditures
Total1
83.885.892.0
100.0105.0109.3116.1133.6153.2169.8180.5198.6216.6240.0259.7291.2345.4371.9405.0444.2489.6576.6659.3732.1797.8856.1924.6978.5
1,018.41,066.21,140.31,228.71,287.61,418.91,471.51,506.01,575.71,635.91,676.01,703.81,754.91,481.21,488.21,515.51,539.31,556.41,574.61,589.31,582.4
1,623.41,632.61,633.51,654.2
1,661.21,672.21,675.91,694.6
1,680.01,690.51,710.71,733.51,728.91,735.01,749.21.806.3
Consumptionexpenditures
Total
52.051.553.259.562.464.267.477.288.397.0
100.0100.4103.7109.9111.6120.4131.2138.0151.3164.3180.0209.0
28&0312.0339.0358.3374.6382.8399.6419.9439.1445.8442.6439.7439.2445.3457.0453.5475.0437.6435.3447.2438.7439.2441.3444.6431.8
441.8447.0442.9449.4
452.7461.6458.1455.6
445.1457.4451.4460.0467.0465.2475.0492.7
Na-tionalde-
fense
42.242.844.348.350.150.352.461.4
ft80.178.779.382.382.687.593.497.9
105.8114.2125.3145.3168.9193.6210.6234.9254.9269.3284.8294.6300.5308.9321.1316.9309.2301.1297.5302.4304.5299.9310.9298.1299.7308.7297.8298.2299.3301.2291.2
298.4304.1301.4305.6
301.7308.2305.0303.0
292.4301.2302.5303.4304.6300.8312.137B1
Transferpayments
Toper-sons
18.619.923.123.524.625.227.329.936.241.645.655.565.972.684.0
103.1132.2142.7151.7161.7182.1219.0249.9281.1302.5307.1325.8344.0357.0377.5409.8445.3492.4549.1581.1603.2642.3678.1706.6720.0744.1597.9599.9603.4611.8631.3639.5645.9652.4
670.0676.1680.2685.9
702.6705.6708.3709.8
716.8718.C721.9723.5736.6740.5746.4752.8
Torest
of theworld(net)
1.81.82.12.12.12.12.02.2
fi1.8
82.52.43.13.43.63.33.63.94.84.86.17.09.1
11.112.110.210.310.410.0
-29.016.216.715.39.8
13.610.010.410.510.211.814.624.710.59.39.5
10.0
16.88.69.0
19.9
6.77.17.4
18.8
7.66.29.1
18.76.89.28.5
176
Grants-in-aid
toStateandlocalgov-ern-
ments
3.84.04.55.05.66.57.2
10.111.712.714.619.323.231.7m45.150.756.665.566.372.372.569.571.676.780.987.683.991.698.3
111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3
185.5194.0193.0189.2
192.8192.2195.9201.7
202.1200.8220.2214.2219.9215.7230.6230.7
Netinter-estpaid
6.47.16.67.17.78.48.99.8
10.512.113.615.315.316.119.922.925.629.932.538.547.0
ft93.9
104.6127.5144.4150.5159.8172.1193.5210.5225.2229.2230.2239.6267.5273.6276.3278.4263.0229.3236.2242.7250.2259.2266.4271.1273.3
273.9271.5273.7275.1
273.6275.2277.1279.4
279.8280.0279.6274.3266.0264.8259.9?61.?
Subsi-dies lesscurrent
surplus ofgovern-
mententer-prises
1.21.52.5
B3.03.34.54.44.55.06.26.37.77.05.07.97.19.8
10.710.312.913.316.123.724.023.326.132.931.928.731.628.229.638.233.632.435.130.432.138.134.933.832.433.331.131.932.933.6
35.435.434.734.8
32.730.529.129.2
28.628.428.542.932.639.529.051.3
Currentsurplus
ordeficit
(NIPA)
3.27.12.52.45.2.8
3.22.7
-8.3-1.3
9.6-14.4-26.8-22.5-11.2-13.9-69.3-53.0-45.2-26.9-11.4-53.8-53.7
-132.6-173.9-168.1-177.1-192.1-147.9-137.4-130.0-173.0-215.3-297.5-274.1-212.3-192.0-136.8-48.8
46.9
-237.5-190.5-212.0-209.4-208.3-188.9-197.6-173.2
-176.5-137.0-130.1-103.7
-87.4-63.2-27.9-16.8
24.943.559.659.797.6
118.1133.8
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.
403
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-83.—State and local government current receipts and expenditures,product accounts (NIPA), 1959-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959... .I960.. .1961196219631964.1965
196719681969197019711972.1973 ' '19741975 ... .1976 !19771978 z:r.19791980198119821983198419851986 ..1987198819891990199119921993199419951996199719981999/1 ".'."".1994:1
IIIllIV
1995:1IIIllIV
1996:1IIIllIV
1997:1IIIllIV
1998:1IIIllIV '.....
1999:1IIIllIV ...
Current receipts
Total
38.942.445.949.753.458.463.371.578.989.5
100.7114.6129.3152.3166.6178.5199.6224.5249.5274.3290.8316.6344.4360.3392.1436.4469.2507.9536.0573.7618.9
. 663.4716.0772.2823.2873.8917.9960.4
1,009.01,070.4
852.0867.0879.8896.6906.8914.3923.4927.0940.4962.2966.1972.9991.3997.4
1,016.51,031.11,042.11,053.21,085.31,101.11,110.01,117.01,148.0
Personaltaxand
nontaxreceipts
4.24.75.15.76.16.87.38.79.7
11.814.115.717.522.824.726.729.534.1'38.844.348.453.960.665.973.784.891.398.6
108.5114.0128.9136.0145.3156.4164.7174.8186.5199.6217.4236.9251.9168.6174.0176.3180.1182.4184.2188.3191.3193.2198.1201.7205.5211.2214.3219.6224.5227.8234.0241.0244.9246.9247.3252.4260.9
Corpo-rate
profitstax
accruals
1.21.21.31.51.71.82.02.22.6
83.74.35.36.06.77.39.6
11.412.113.614.515.414.015.918.820.222.723.926.024.222.523.624.426.930.031.733.034.033.8
26.529.431.332.630.531.232.932.132.433.3
Si32.733.335.334.833.733.934.433.135.436.437.0
Indirectbusiness
taxand
nontaxaccruals
29.332.034.437.039.442.646.149.753.960.867.474.883.191.299.5
107.2115.8127.8139.9148.9158.6172.3192.0206.8226.8251.5272.0293.1312.4333.7358.5383.4403.8429.2454.8480.1501.6524.9550.9579.6614.6470.9477.7482.6489.0494.7498.8503.5509.3516.4524.2526.0533.0543.1546.4554.8559.3567.7573.8579.0598.2597.1606.8616.8637.8
Contri-butions
forsocialInsur-ance
0.4.5.5
|!8.8.9.9
1.01.11.21.31.51.71.82.22.83.43.93.63.94.04.14.74.96.07.28.49.0
10.011.613.114.114.513.612.511.010.711.114.614.614.514.414.013.813.513.212.912.612.311.911.411.110.810.710.810.710.710.710.710.911.211.5
Federalgrants-in-aid
3.84.04.55.05.66.57.2
10.111.712.714.619.323.231.734.836.345.150.756.665.566.372.372.569.571.676.780.987.683.991.698.3
111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3185.5194.0193.0189.2192.8192.2195.9201.7202.1200.8220.2214.2219.9215.7230.6230.7
Current expenditures
Total'
35.138.141.644.547.752.056.863.871.982.192.8
107.5122.9136.7150.9169.2197.2217.2236.4255.6277.8307.8336.9362.5387.3412.6447.0487.2523.8558.1599.6660.8723.8777.2821.7865.2902.5939.0981.5
1,028.71,089.0
851.4860.1870.6878.7890.8899.7905.8913.8923.4935.0943.8953.6965.5973.7985.6
1,001.31,010.11,022.31,035.41,046.91,061.21,079.41,099.11,116.4
Con-sump-tion
expendi-tures
31.134.037.039.442.446.350.856.863.271.180.292.0
103.4113.8126.9144.5165.4180.1196.5214.3235.0260.5284.6306.8325.1349.5380.5410.8439.0467.9503.0545.8576.1601.6629.5662.6694.7726.5765.9807.5857.3650.0658.6667.6674.2685.0692.6697.3703.8712.5723.0730.6740.0751.0759.1770.5782.8791.5802.7813.8822.2832.4848.4866.5881.8
Trans-fer
pay-ments
toper-sons
4.34.65.05.35.76.26.77.69.2
11.413.216.119.322.024.125.330.834.137.040.844.351.257.161.266.971.277.384.490.898.6
109.5127.8156.6180.1195.4206.9217.8224.3227.9234.8244.6203.2205.3208.1210.9214.1216.7219.1221.3222.6223.9225.3225.6226.5227.3228.5229.5231.4233.4235.7238.5241.9243.6245.3247.5
Netinterest
paidlessdivi-
dendsreceived
0.7.8
1.01.11.21.2
!i1.01.0.8.9
1.72.31.3
U3.23.0
-2i3
:5i-7.5-5.4-6.9-8.1-5.7-3.3-4.0-6.8-6.5-2.3
2.65.44.2
!e-.9
-2.3-1.0
5.54.93.72.7
1.1
-.2
.5
'.5
-is-1.1-1.6-2.1-2.5-2.5-2.1-1.3-1.0-.9-.9
Subsi-diesless
currentsurplus
ofgovern-
mententer-prises
-1.1-1.2-1.3-1.4-1.6-1.6-1.7-1.6-1.5-1.5-1.4-1.5-1.3-1.5-1.4-.8
-.2
"'.0.6
1.62.82.1
-l.'l-2.8-2.5-2.8-4.5-6.1-6.3-6.6-7.2-8.6-8.5
-10.2-12.5-11.4-11.3-11.7-7.3-8.7-8.8-9.1-9.4-9.9
-10.4-11.1-12.1-12.6-12.7-12.5-11.9-11.9-12.3-9.3
-10.6-11.3-11.6-11.6-11.6-11.6-11.7-11.9
Currentsurplus
ordeficit
(NIPA)
3.84.34.35.2
116.57.77.07.58.07.16.4
15.615.7
87.3
13.118.713.08.87.5
-2.34.8
23.8
i.i12.215.619.32.6
-7.8-4.9
1.58.6
15.321.427.541.7
.66.99.2
17.815.914.617.513.317.027.222.319.325.923.730.929.732.030.949.954.248.737.648.9
1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.
404Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—84.—State and local government revenues and expenditures, selected fiscal years, 1927-96[Millions of dollars]
Fiscal year1
General revenues by source2
Total Propertytaxes
Salesand
grossreceiptstaxes
Indi-vidualincometaxes
Corpo-rationnet
incometaxes
Revenuefrom
FederalGovern-
ment
Allother'
General expenditures by function2
Total Edu-cation
High-ways
Publicwelfare
All
1927
1964-65 .
1967-68 .1968-69 .1969-70 .1970-71 .1971-72 .1972-73 .1973-74 .1974-75 .1975-76 ,1976-77 .1977-781978-79 ,1979-80 .1980-*! .1981-82 ,1982-83 .1983-34 .1984-85 .1985-361986-871987-881988-391989-901990-911991-421992-431993-941994-951995-56
7,2717,2677,6788,3959,2289,609
10,4L10,901.12,35617,25020,91125,181
8831,07334,66738,16441,21945,30650,505
8862,890
74,00083,03691,197101,264m144,927167,541190,222207,670228,171256,176285,157315960343,236382,322423,404457,654486,753542,730598,121
902,207979,137
1,041,5671,100,4411,169,5051,222,821
4,7304,4874,0764093
49866,1267,3498,652
1810,73511,74912,86414,04714,9831640518,00219,05420,08919,83321,24122,58324,67026,04727,74730,67334,05437,85242,87745,2834770551,49157,001
8864,94468,49974,96982,06789,10596,457103,757in,;1 2 l ~132,212mffl189,793197,140203,451209,440
470752
1,0081484I,"'
ll2,9864,4425,1546,3576,9277,2767,6438,6919,4679,829
10,43711,84912,46313,49414,45614,44615,76217,11819,08520,53022,911
33,23337,51842,04746,09849,81554,547m7424779,92785,97193,613100,247114,097126,376135,1144,091156,452ir—1
237,___248,993
10,81211,90015,227m21,454
46,42650,73855,12964,52970,361
as88,350
II109,341115,638123,235128,810137,931146,844
927949113
ifi447592593846
744
1,0181,0011180
051,505l,61,9;2,0382,2272,5183,180#383,4244,41654256,0156,6427,273
121.13,32114,14315,02814,25817,14119,15219,99422,42523,66325,92
22,24223,88026,41728,3203140632,009
13,21415,37017,18119,15321,85726,14631,34239,26441,82047,03455,589
106,158
180117,602
138'"-loo,154,099179,174198,591215,445228,771234,891
1,7931,6431,4491,6041,81118722i222,6613,68545415,763
10,51611,634
13,'-14,85014,55615,95117,25019,26921,19723,598
8$8851,73557,19161,12468,43679,82195,466111,599128,926138,0153,51 .172,317
7,2107,7657,1817,6448,7579,229sir881-11,02817,68422,78726,098
64,81663,97769,30274,678
150,674168,549181,357198,959230,722256,731274,215296,984327,517369,086
553,899
,704,921
illU49!8631,193,276
2,2352,3111,8312,1772,4912,6382,r~
li71778,3189,39010,55711,90713,22014,134'"19
18,71920,57422,21623,7761,729
28,56333,28737,91941,15847,23852,71859,41365,814",714
87,85897,216
102,780110,758119,448133,211145,784154,282163,8"176,1U192,686
8838378,273398,859
1,7411,50914251,6501,573
1,'67230363,8034,6504,9875,5276,4526,9537,816
IB:9,4289,84410,35711,13611,150111,66412,22112,7701393214,48115,41716142718,09519,02118,61519,94622,52823,90723,05824,60928,44033,31134,60334,52036,65539,41944,98949,368
55]62158,10561,05764,93767,35168,37072,06777,10979,092
151444889827
1,0691,156mMl"2,01.2,9402,7882,9143,0603,1683,1393,4853,81841364,4044,7205,0845,4815,42057666,3156,7578,2189857
12,11014,67918,22621,11723,58225,08528,15632,60435,90639,14041,r~47,;54,10557,996
.541471,479
89,09097,879
110,518130,402158723170,705183,384196,703197,354
3,015
88m3,8623,88937374,5917,1708,86710,34210,61911,55712,1971339914,94016,54717,876
22154924,423
27,579
8836,91541,96347,50854,94062,59769,44678,09692,180103,004112,472122,477137,731155,277172,957189,935
379
_ -.510317,528m451,805468917497,779517,971
1 Fiscal years not the same for all governments. See Note.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmentalreceipts and payments between State and local governments are also excluded.3 Includes other taxes and charges and miscellaneous revenues.4 Includes expenditures for libraries, hospitals, health, employment security administration, veterans' services, air transportation, watertransport and terminals, parking facilities, and transit subsidies, police protection, fire protection, correction, protective inspection and regu-lation, sewerage, natural resources, parks and recreation, housing and community development, solid waste management, financial adminis-tration, judicial and legal, general public buildings, other government administration, interest on general debt, and general expenditures,n.e.c.
Note.—Data for fiscal years listed from 1962-63 to 1995-96 are the aggregations of data for government fiscal years that ended in the12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal years endingduring that particular calendar year.
Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.
405
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-85.—Interest-bearing public debt securities by kind of obligation, 1967-99
[Billions of dollars]
End of yearor month
Fiscal year:19671968196919701971197219731974197519761977197819791980198119821983198419851986 . . .198719881989199019911992199319941995 . .1996199719981999
1998: JanFebMarApr 1.1.!...!...!...!.M a y . . . . .JuneJulyAugSept 11!!!! 11Oc? !NovDec
1999- Jan . .FebMarAprMay !!:.!!!.!!!..::..!!.!!!JuneJulyAug .11.1 '11Sept .......OctNovDec
Totalinterest-bearingpublicdebt
securities
322.3344.4351.7369.0396.3425.4456.4473.2532.1619.3697.6767.0819.0906.4996.5
1,140.91,375.81,559.61,821.02122.72,347.82,599.92,836.33,210.93,662.84,061.84,408.64,689.54,950.65,220.85,407.55,518.75,647.2
m5,535.35,492.85,464.55,540.25,520.15,557.05518.75,515.45,584.55,605.45,568.15,580.25,643.15,577.45,563.15,629.5
5!663'.45,647.25640.65,684.75,766.1
Marketable
Total1
&210.7226.6226.1232.6245.5257.2263.0266.6315.6392.6443.5485.2506.7594.5683.2824.4
1,024.01,176.61,360.2
'1564.3U.676.01 1,802.91 1,892.812,092.812,390.712,677.512,904.913,091.613,260.413,418.413,439.613,331.013,233.013,398.113,424.1J 3,467.1
i3;369!513,350.813,384.6J3&1.0
i3]363!413,355.513,292.813,294.513,361.3
'13,272.613,240.613,248.513,223.713,281.013,233.013,211.213,243.713,281.0
Treas-
a58.564.468.476.286.794.6
100.1105.0128.6161.2156.1160.9161.4199.8223.4277.9340.7356.8384.2410.7378.3398.5406.6482.5564.6634.3658.4697.3742.5761.2701.9637.6653.2688.8705.1720.1657.9647.8641.1638.1676.4637.6651.4685.5691.0662.7667.5725.5650.1648.5647.8654.8689.9653.2663.0687.9737.1
Treasurynotes
49.171.178.993.5
104.8113.4117.8128.4150.3191.8241.7267.9274.2310.9363.6442.9
&776.4896.9
1,005.11,089.61,133.21,218.11,387.71,566.31,734.21,867.51,980.3mm2,065.52,063.92,091.92,077.72,041.52,064.62,040.32,023.92,009.11964.61,974.31,960.71,917.71,903.41,912.01,891.21,860.61,868.51,829.31,840.31,828.81,789.51,796.61,784.5
Treasurybonds
97.491.178.863.054.049.145.133.136.839.645.756.471.183.896.2
103.6125.7158.1199.5241.7277.6299.9338.0377.2423.4461.8497.4511.8522.6543.5576.2610.4643.7587.3598.7598.7598.7598.7598.7598.7610.4610.4610.4621.2621.2621.2
632:5632.5643.7643.7643.7643.7643.7
Treasuryinflation-indexed
Notes
24.441.967.641.441.441.541.541.641.741.841.841.950.450.550.659.159.159.259.359.559.967.467.467.667.868.168.2
Bonds
"'i'7.024.8
8.48.48.4
16.916.917.017.017.017.017.017.017.124.524.524.724.724.724.832.332.532.5
Nonmarketable
Total
111.6117.8125.6136.4150.8168.2193.4206.7216.5226.7254.1281.8312.3311.9313.3316.5
460.8558.4671.8797.0943.5
1,118.21,272.11384.31,503.71,597.91,690.21,802.41,967.92,187.72,414.22,051.92,057.92,068.22,093.62,111.52,170.72,169.32,172.52,187.72,206.62,221.22,249.92,275.32,285.72,281.8m2,381.02,375.42,382.42,414.22,429.42,441.02,485.1
U.S.savingssecuri-ties2
51.251.751.751.353.055.959.461.965.569.775.479.880.472.768.067.370.072.877.085.6
iffi114.0122.2133.5148.3167.0176.4181.2184.1182.7180.8180.0181.1181.3181.2181.3180.7180.7180.6180.7180.8181.2181.5180.3180.4180.6180.6180.8180.0180.0180.1180.0180.0180.3180.4179.3
For-eignse-
ries3
84.14.89.3
19.028.525.023.221.521.821.728.125.220.514.611.58.86.64.14.46.36.8
36.041.637.042.542.041.037.534.935.131.0
36!436.236.236.035.735.5
34!434.334.1
SI32.931.830.930.930.731.031.0
ft
Govern-ment
accountseries
56.259.566.876.382.889.6
101.7115.4124.2130.6140.1153.3176.4189.8201.1210.5234.7259.5313.9365.9440.7536.5663.7779.4908.4
1,011.01,114.31,211.71,324.31,454.71,608.51,777.32,005.21,677.31,678.61,681.51,698.81,713.61,769.11,765.41,768.21,777.31,798.61,811.91,840.01,866.31,875.91,870.21,889.41,908.31,967.51,964.81,973.12,005.22,022.22,032.72078.7
Other4
2.72.83.14.15.83.73.74.33.64.9
16.827.127.424.223.724.135.641.863.3
102.8129.8148.0159.0180.6188.5188.0179.9167.8143.8126.1141.9194.4198.1157.4162.2169.1177.4181.0185.0187.6188.1194.4194.0193.4195.3194.5195.2197.4201.7202.4202.6199.6198.5198.1196.0197.0195.7
1 Includes Federal Financing Bank securities, not shown separately, in the amount of 15.000 million dollars.2 Series previously shown as U.S. savings bonds. Beginning January 1997, includes U.S. retirement plan bonds, U.S. individual retirementbonds, and U.S. savings notes previously included in "other" nonmarketable interest-bearing public debt securities in this table. Data prior toJanuary 1997 do not reflect this change.3 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.4 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special issuesheld only by U.S. Government agencies and trust funds and the Federal home loan banks. See footnote 2.5 Includes $5,610 million in certificates not shown separately.
Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal yearis on an October 1-September 30 basis.
Source-. Department of the Treasury.
406
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-86.—Maturity distribution and average length of marketable interest-bearing public debtsecurities held by private investors, 1967-99
End of year or month
Amountout-
Maturity class
Withinlyear
I toSyears
5 to 10years
10 to 20years
2020 yearsand over
Average length >
Fiscal196719681969
19701971 .1972 .1973 .1974 .
1975 ,1976 ,1977 .1978 ,1979,
19951996199719981999 .
1998: Jan...Feb ..Mar..
June...July ....
SiNov ....Dec....
1999: JanFeb ..Mar .....
fcJune ..July ...Aug ...Sept.
Millions of dollars Years
156,008
157,910161,863165,978167,869164,862
1,445,3661,555,2081,654,6601,841,9032,11: •"
2,895,1902,894,8292,886,7002,918,2592,856,6372,837,4322,884,3522,887,2732,825,0862,820,0232,879,62227832112,745,1442,747,6702,725,1802,774,8342,728,011
56,56166,74669,311
84104187,150
115,677150296161,329163,819181,883220,084256,187314,436379,579437,941
472,661506,903483,582524,201546,751626,29771
1,002,875
iffifi940,572915,145
1,011,1811,029,311
4,171952,967945,246982,323940,572945,953981,135986,500953,672954,337
HB0926,147920,996919,082950,892915,145
50,182
57,035
8054,13950,103
80m127,574156,244182,237221,783m.90526,746552,993578,333630,144"12436,3298,714
1,157,492
1.1Q5.175
1,139,3181,147,1841,173,0361,153,4101,113,0801,132,460
1,035,2901,021,9661,027,8211,007,440982,625989,891962,199973,938962,644
21,0572185018,078
8,28614,5031603316,38514,197
mm32,279
338,503326,495326,381324,973
368,435376,570374,166373,913373,146369,372369,607376,718378,017378,163
6,15361106,097
7,876m,mm18,489
ftfi33,017
803080,616
87,297111,360154,205157347149,703155,193154,836152,471151,116162,395159)368161,2!
123,614123,614141,265140,849140587135,759135,759135,759149,703149,703
12,96812,67012,337
8,2727,64569224,5643,481
mm20,30422,6793012737,058" '97
88,012119,365m201,532235,176273,304308,141324,479335,401
_..__325,411320,029316,369327,471334,713334,212m336,554m331,241331,415331,421322,284322,356
Months
3
11
811
790
11
6
90
0
11
'Treasury inflation-indexed notes (first offered in 1997) and bonds (first offered in 1998) are excluded from the average length calcula-tion.
Note.—All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis,- beginning October 1976 (fiscal year 1977), the fiscal year is on
an October 1-September 30 basis.Source: Department of the Treasury.
407
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-87.—Estimated ownership of U.S. Treasury securities, 1989-99[Billions of dollars]
End of month
1989: MarJuneSeptDec
1990: MarJuneSeptDec
1991: MarJuneSeptDec
1992- MarJuneSeptDec
1993- MarJuneSeptDec
1994- MarJuneSeptDec
1995: MarJuneSeptDec
1996: MarJuneSeptDec
1997- MarJuneSeptDec
1998: MarJuneSeptDec
1999: MarJuneSept
Totalpublicdebt1
2,740.92,799.92,857.42,953.03,052.03,143.83,233.33,364.83,465.23,538.03,665.33,801.73,881.33,984.74,064.64,177.04,230.64,352.04,411.54,535.74,575.94,645.84,692.84,800.24,864.14,951.44,974.04,988.75,117.85,161.15,224.85,323.25,380.95,376.25,413.15,502.45,542.45,547.95,526.25,614.25,651.65,638.85,656.3
FederalReserve
andGovern-
mentac-
counts2
837.5890.8899.1935.6935.4
1,003.81,026.01,059.51,104.61,139.11,166.91,223.21,215.51,272.31,282.41,329.71,328.61,400.61,422.21,476.11,476.01,547.51,562.81,622.61,619.31,690.11,688.01,681.01,731.11,806.71,831.61,892.01,928.71,998.92,011.52,087.82,104.92,198.62,213.02,280.22,324.02,439.52,480.7
Held by private investors
Totalprivately
held
1,903.41,909.11,958.32,017.42,116.62,140.02,207.32,305.32,360.62398.92,498.42,578.52,665.82712.42,782.22,847.32,902.02,951.42,989.33,059.63,099.93,098.33,130.03,177.63,244.83,261.33,286.03,307.73,386.73,354.43,393.23,431.23,452.23,377.33,401.63,414.63,437.53,349.33,313.23,334.03,327.63,199.33,175.6
De-posi-toryinsti-tu-
tions3
239.0218.2205.4204.2218.8214.2214.8206.5222.5231.5251.7271.5300.5315.1337.1348.3362.6361.0366.2373.0397.4383.9364.0339.6352.9340.0330.8315.4322.1318.7310.9296.6317.3300.2292.8300.3308.2290.7244.4237.3247.7240.6240.6
U.S.savingsbonds4
112.2114.0115.7117.7119.9121.9123.9126.2129.7133.2135.4138.1142.0145.4150.3157.3163.6166.5169.1171.9175.0177.1178.6180.5181.4182.6183.5185.0185.8186.5186.8187.0186.5186.3186.2186.5186.3186.0186.0186.7186.6186.6186.3
Pension funds
Pri-vate5
109.3115.9122.9131.5121.6128.4133.2137.2131.2132.0136.2137.7128.5129.3133.3135.3127.2127.4141.8136.8138.0145.0131.7157.9162.8166.6170.6176.5180.4183.9186.9189.2192.4195.9199.7204.1198.7204.8208.2218.1220.0226.6228.3
Stateandlocal
govern-ments
127.3127.9129.4128.6139.0144.6146.4144.5153.4155.0140.2141.7140.7146.7166.4172.3171.2176.9188.7186.3195.0193.4191.9192.1203.1197.2193.0191.7198.9208.2202.4203.5203.7209.3219.7216.9211.9214.8211.2216.6218.3222.5216.6
Insur-ance
compa-nies
119.7120.6121.2123.9132.3133.7136.4138.2147.2156.8171.4181.8188.4192.8194.8197.5208.0217.8229.4234.5233.4238.1243.7240.1244.2245.0245.2241.5239.4229.5226.8214.1182.2183.6187.3176.6170.1161.9150.7144.5143.8142.5138.2
Mutualfunds6
118.5116.5120.4124.9142.7141.2147.6162.8186.1180.1199.5221.8227.9235.2245.1259.5261.5269.2283.9294.0278.0271.6265.3273.0273.0263.9272.6286.5310.4306.5308.4315.8310.6305.4311.4321.5325.1319.4319.7343.2352.8335.4332.6
Stateandlocal
govern-ments
355.9358.6359.8369.1401.1405.0407.3410.6415.6416.8430.2435.5460.0435.6429.3418.2434.0441.2434.0447.8443.4425.2398.2370.0350.5313.7304.3289.8283.6283.3263.8257.0250.6243.3237.7239.3238.1258.5266.4269.3272.5279.1271.6
Foreignand inter-national7
373.5366.4391.8426.1445.4451.0463.8487.1492.0502.0506.3520.9536.4558.2562.8576.7585.9596.8619.1650.3661.1659.9682.0667.3707.0762.5820.4835.2908.1929.7993.4
1,102.11,157.61,182.71,230.51,241.61,250.51,256.01,224.21,278.71,272.11,257.41,281.3
Otherinves-tors8
348.1371.1391.7391.4395.8399.9434.0492.3482.9491.5527.6529.5541.4554.1563.2582.2588.1594.6557.2565.0578.6604.2674.6757.1770.0790.0765.6786.1758.0708.1713.8665.9651.3570.6536.2527.9548.6457.2502.4439.6413.8308.6280.1
1 Face value.2 Federal Reserve holdings exclude Treasury securities held under repurchase agreements.3 Includes commercial banks, savings institutions, and credit unions.4 Current accrual value.5 Includes U.S. Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan "G Fund."6 Includes money market mutual funds, mutual funds, and closed-end investment companies.7 Includes nonmarketable foreign series Treasury securities and Treasury deposit funds. Excludes Treasury securities held under repurchase
agreements in custody accounts at the Federal Reserve Bank of New York.Estimates reflect the 1984 benchmark to December 1989, the 1989 benchmark to December 1994, and 1994 benchmark to date.
8 Includes individuals, Government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and noncor-porate businesses, and other investors.
Source: Department of the Treasury.
408
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CORPORATE PROFITS AND FINANCE
TABLE B—88.—Corporate profits with inventory valuation and capital consumption adjustments,
1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
1959I9601961 . . .19621%3196419651966 ""'.77.7; :1967
1969197019711972 ....1973197419751976197719781979 .198019811982198319841985 ....1986198719881989 :::":::: : :1990199119921993199419951996 .19971998 ::1994:1
||IIIIV
1995:1IIIllIV
1996- 1IIIllIV
1997:1IIIII .IV
1998- 1||IIIIV
1999-1 . .IIIll
Corporateprofits with
inventoryvaluation
and capitalconsumptionadjustments
53.752.353.461.567.674.785.991.889.496.393.481.394.8
109.4123.5114.0132.5160.1190.5216.8221.9197.7218.0200.2253.0308.7321.3299.5345.3403.5394.2407.4430.2451.9509.7572.5668.3753.9837.9846.1497.6568.3597.9626.0629.4654.9692.4696.4737.2748.9754.8774.5803.6831.6862.8853.5858.3847.9843.8834.3882.0875.5879.2
Corporateprofits
taxliability
23.622.722.824.0
28iO30.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5
106.5127.1137.2141.5140.6133.6143.1165.4186.7211.0223.6238.3240.2165.4182.8194.4204.1203.1208.8218.7213.3219.7225.3224.0225.6228.9233.2246.8244.1239.9241.1244.3235.6248.0254.4259.4
Corporate profits after tax with inventoryvaluation and capital consumption adjustments
Total
30.029.630.637.541.446.855.058.256.857.053.846.957.067.574.362.281.695.9
117.5133.3133.9112.9136.8137.1175.8214.6224.8193.0218.2266.4252.8266.8296.6308.7344.3385.8457.3530.2599.6605.8332.1385.5403.6421.9426.4446.1473.7483.1517.6523.6530.8548.9574.7598.4616.0609.4618.3
598>634.0621.0619.8
Dividends
12.613.413.915.016.218.220.220.721.523.524.224.325.026.829.933.233.039.044.850.857.564.173.876.283.691.097.7
106.3112.2129.6155.0165.6178.4185.5203.1234.9254.2297.7333.7348.6220.0229.7240.5249.4248.6251.1252.1265.0286.2290.7302.7311.3320.6330.6338.8344.8346.5347.3348.4352.2356.4361.5367.3
Undistributedprofits with
inventoryvaluation
and capitalconsumptionadjustments
17.516.316.722.525.128.634.837.535.333.429.522.632.040.744.329.048.756.972.782.576.448.863.160.992.2
123.6127.186.7
106.0136.897.8
101.2118.2123.2141.2
257.'2112.1155.8163.1172.4177.8195.0221.6218.1231.3232.9228.1237.7254.1267.9mi264.6271.9259.5251.1246.5277.6259.5252.4
Source: Department of Commerce, Bureau of Economic Analysis.
409
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-89.—Corporate profits by industry, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959196019611962196319641965 .196619671968196919701971197219731974 . .19751976 . .1977197819791980
19821983 . .1984198519861987198819891990199119921993199419951996199719981994-1
IIIllIV
1995:1II . .IllIV
1996:1||HIIV
1997:1II111 .:.:....:.:.IV
1998- 1IIIllIV ....'....!...
1999:1||Ill
Corporate profits with inventory valuation adjustment and without capital consumption adjustment
Total
53.451.451.756.962.068.478.784.481.788.585.274.087.9
100.7114.6108.5134.3164.5193.3221.2229.9209.3216.3188.0223.9262.0255.2250.5298.4359.8360.4388.6421.1448.8506.4561.0650.2729.4803.2802.8506.6552.5579.7605.1610.7637.1673.7679.2715.3724.7729.6748.1772.6797.7827.0815.5818.4805.6799.9787.4831.4822.2827.1
Domestic industries
Total
50.748.248.453.157.964.074.079.877.082.978.666.980.091.299.791.1
119.6148.0174.2198.4195.3173.8186.6155.2188.5225.1216.8210.7250.4303.1296.1315.9346.7380.1429.6483.7558.2628.6695.1702.8431.5476.6501.4525.4522.5541.1588.0581.0616.6628.7631.1637.8670.7684.7717.3708.0710.5698.2713.2689.1727.1718.9719.0
Financial1
Total
7.48.18.18.28.08.49.0
10.410.812.413.315.017.318.820.319.719.724.230.737.738.432.327.125.835.233.844.555.857.167.976.891.6
120.2124.8127.9114.7154.3165.3184.2191.387.5
116.0127.7127.8140.9154.9166.6154.9168.6170.1166.4156.0176.6181.9186.5191.8194.9192.2189.5188.6205.3198.3203.9
FederalReservebanks
0.7.9.8.9
1.01.11.31.72.02.53.13.53.33.34.55.75.65.96.17.69.4
11.814.415.214.616.416.315.515.717.620.221.420.317.816.117.822.221.823.324.616.116.818.220.021.622.622.422.121.621.721.822.122.623.023.624.224.524.424.724.724.324.525.5
Other
6.67.27.37.47.17.27.68.78.99.9
10.311.414.015.415.814.014.118.324.630.029.020.512.710.620.617.328.240.341.450.356.770.299.9
107.0111.7
97.0132.1143.5160.9166.771.499.2
109.5107.8119.3132.3144.1132.8147.0148.4144.6133.9154.0158.9162.9167.7170.4167.8164.8163.9180.9173.7178.4
Nonfinancial
Total
43.340.140.444.949.955.665.069.566.170.565.352.0
72479.471.4
100.0123.8143.5160.7156.9141.5159.6129.4153.3191.3172.3154.9193.3235.2219.3224.3226.5255.2301.7369.0403.8463.3510.9511.5344.0360.6373.6397.6381.5386.3421.4426.1448.0458.5464.8481.8494.0502.8530.7516.1515.6506.0523.7500.6521.9520.6515.1
Manu-fac-
turing 2
26.523.823.326.229.632.439.742.539.141.737.127.234.841.546.841.054.971.078.889.788.476.388.563.872.287.981.554.183.1
116.1105.7109.293.593.9
108.4139.6166.1181.2185.6168.4131.3131.4140.8154.8154.6160.2173.8175.6175.5181.6181.8185.7179.0186.6195.4181.4170.8169.2171.9161.7171.0167.8163.1
Trans-porta-tionand
publicutilities
7.17.57.98.59.5
10.211.012.010.911.010.78.38.99.59.17.6
11.015.318.621.817.018.420.423.129.640.133.936.042.048.443.544.453.258.569.682.985.891.4
104.7109.074.182.284.890.584.183.989.186.188.093.690.493.6
100.1101.8108.2108.8110.9105.0113.0106.9111.9107.9117.3
Whole-sale
trade
2.82.52.52.82.83.43.84.04.14.64.94.45.26.88.2
11.513.812.915.615.719.017.122.319.721.730.223.924.117.719.621.519.122.025.928.233.129.442.646.847.230.837.032.132.426.224.232.934.341.637.241.450.248.948.047.442.847.950.149.741.243.444.339.1
Retailtrade
3.32.83.03.43.64.54.94.95.76.46.46.07.27.46.62.38.2
10.512.412.410.06.4
10.113.819.121.522.423.723.420.621.221.027.733.739.746.644.152.963.769.842.846.447.849.443.242.644.246.550.953.054.952.962.460.966.165.471.069.769.369.075.775.467.7
Other
3.63.63.63.94.45.15.76.26.56.96.36.16.77.28.79.0
12.114.218.221.122.623.318.28.9
10.811.610.717.027.130.427.430.630.043.255.966.878.595.2
110.1117.1
6U70.573.475.381.583.792.093.296.399.4
103.6105.5113.6117.8115.0111.9119.9121.7119.8125.2127.9
Restof theworld
2.73.13.33.84.14.54.7
115.66.67.17.99.5
14.917.514.616.519.122.934.635.529.732.735.537.038.439.848.056.764.272.774.368.776.777.292.0
100.9108.1100.075.175.978.379.788.296.085.698.298.796.098.4
110.3101.9113.1109.8107.6107.8107.486.698.3
104.3103.3108.1
1 Consists of the following industries: Depository institutions; nondepository credit institutions; security and commodity brokers; insurancecarriers; regulated investment companies; small business investment companies; and real estate investment trusts.2 See Table B-90 for industry detail.
Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning 1987,and on the 1972 SIC for earlier years shown.
Source: Department of Commerce, Bureau of Economic Analysis.
410
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-90.—Corporate profits of manufacturing industries, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year orquarter
1959I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981 : ::198219831984198519861987198819891990199119921993199419951996199719981994:1
IIIllIV
1995:1IIIllIV
1996:1IIIllIV
1997-1 . .IIIllIV
1998:1IIIllIV
1999:1IIHI
Corporate profits with inventory valuation adjustment and without capital consumption adjustment
Totalmanu-fac-
turing
26.523.823.326.229.632.439.742.539.141.737.127.234.841.546.841.054.971.078.889.788.476.388.563.872.287.981.554.183.1
116.1105.7109.293.593.9
108.4139.6166.1181.2185.6168.4131.3131.4140.8154.8154.6160.2173.8175.6175.5181.6181.8185.7179.0186.6195.4181.4170.8169.2171.9161.7171.0167.8163.1
Durable goods
Total
13.711.611.314.016.418.023.224.021.222.419.110.416.522.625.015.220.631.337.745.136.618.318.93.8
17.837.728.824.539.351.048.341.632.137.651.870.677.687.093.395.169.366.668.378.277.173.678.780.881.789.3
iii84.192.1
104.492.687.389.797.2
106.3100.5100.794.4
Primarymetalindus-tries
2.32.01.61.62.02.53.13.62.71.91.4.8
,:?2.35.02.82.11.03.63.52.63.1
-4.8-5.0
-LO
2l56.06.23.41.4
2'.16.95.45.15.41.21.52.53.56.57.86.56.75.44.96.05.14.34.96.05.46.15.45.05.01.71.2
.4
Fabri-catedmetalprod-ucts
1.1.8
1.01.21.31.52.12.42.52.32.01.11.52.22.61.83.33.94.55.05.24.44.52.73.14.64.85.15.46.46.36.05.26.17.3
10.911.814.416.717.310.39.8
10.812.911.612.211.411.813.812.915.215.715.616.218.017.2
ffl19.917.019.419.019.4
Indus-trial
machin-ery andequip-ment
2.21.81.92.42.6
84.64.24.23.73.03.04.44.83.35.06.98.5
10.59.27.78.62.63.15.1
<34.59.6
10.710.54.25.95.67.6
12.915.013.514.65.77.27.5
10.011.811.713.514.617.915.413.513.09.5
13.616.414.78.8
14.615.719.416.618.617.1
Elec-tronic
andother
electricequip-ment
1.71.31.31.51.61.72.73.03.02.92.3
82.83i2.63.85.96.75.55.25.11.63.45.12.62.55.6
B8.49.7
10.114.922.521.420.2
ftft23.926.122.219.621.821.917.320.520.022.821.721.624.420.618.316.216.921.420.519.620.8
Motorvehicles
andequip-ment
3.03.02.54.04.9
if5.24.05.54.81.35.15.95.9
2.27.49.39.04.6
-4.3.4
-.25.18.97.34.43.7
2.2-2.2-5.4-1.2
5.27.3
i?4.97.5
13.88.6
112.0
-1.9
-LI
e!o6.91.14.83.37.44.17.85.76.69.8
10.710.49.5
Other
3.52.72.93.43.94.45.2
!i5.64.92.94.15.5
H4.67.38.5
10.48.52.7
-2.71.98.1
14.410.112.017.616.113.815.616.917.018.720.224.928.430.932.218.918.920.222.723.124.2mft26.431.028.232.532.230.531.2
33J31.632.027.2
Nondurable goods
Total
12.812.112.012.213.214.416.518.517.919.318.016.818.319.0
ft34.3»44.651.857.969.660.054.350.252.729.643.865.157.467.661.556.356.669.0
ftft62.064.8
ft77.586.695.194.993.892.493.796.994.994.591.188.883.579.574.755.570.567.068.7
Foodand
kindredprod-ucts
2.52.22.42.42.72.72.9
3.23.13.23.53.02.52.68.67.16.86.15.86.09.07.26.16.6
H11.211.810.814.218.017.916.019.526.721.622.117.018.318.120.021.624.227.127.827.722.818.920.324.621.821.121.324.519.520.121.37.1
17.218.618.7
Chem-icalsand
alliedprod-ucts
3.53.13.33.2
li4.64.94.35.34.63.94.55.2
86.4
fi8.27.1
fi4.77.07.76.27.1
13.918.217.616.315.615.4
ft26.725.526.020.618.821.3
ft23.827.2
ftft24.723.525.925.627.025.524.618.819.020.025.120.817.4
Petro-leumandcoalprod-ucts
2.62.62.22.22.22.4
H3.9
3.63.73.2
10>
1812.915.524.533.638.633.422.416.117.4-5.8-2.611.95.4
15.46.3
-2.01.6
s!s13.316.08.3
-1.8-3.8
ii.9
4.99.47.08.8
13.114.716.717.318.115.313.111.3!a4.1-.9-.33.6
Other
4.34.24.24.44.75.3
Ii6.47.17.06.16.67.67.97.29.4
11.113.614.714.512.914.314.718.919.8
ft21.3
ft21.821.624.923.8
28i227.326.729.327.426.528.527.429.332.935.233.434.032.229.929.727.425.728.1
ft24.229.028.029.0
Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning 1987and on the 1972 SIC for earlier years shown. In the 1972 SIC, the categories shown here as "industrial machinery and equipment" and"electronic and other electric equipment" were identified as "machinery, except electrical" and "electric and electronic equipment," respec-tively.
Source: Department of Commerce, Bureau of Economic Analysis.
411Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-91.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1952-99
[Billions of dollars]
Year orquarter
1952195319541955195619571958 . .195919601961
1964 '.".1965196619671968 .!.!""'!"1969197019711972 !19731973: IVNew series:1973: IV19741975197619771978 .'."""""1979198019811982198319841985198619871988 3
1989199019911992 4
19931994 !19951996 ;.;.199719981997:1
IIIllIV
1998:1IIIllIV
1999:1IIIll
All manufacturing corporations
Sales(net)
250.2265.9248.5278.4307.3320.0305.3338.0345.7356.4389.4412.7443.1492.2554.2575.4631.9694.6708.8751.1849.5
1,017.2275.1
236.61,060.61,065.21,203.21,328.11,496.41,741.81,912.82,144.72,039.42,114.32,335.02,331.42,220.92,378.22,596.22,745.12,810.72,761.12,890.23,015.13,255.83,528.33,757.63,920.03,952.9
935.2987.8986.0
1,011.0958.9997.9986.3
1,009.8970.8
1,040.81,053.4
Profits
Beforeincometaxes1
22.924.420.928.629.828.222.729.727.527.531.934.939.646.551.847.855.458.148.152.963.281.421:4
20.692.179.9
104.9115.1132.5154.2145.8158.6108.2133.1165.6137.0129.3173.0215.3187.6158.198.731.4
117.9243.5274.5306.6331.4314.282.592.486.969.696.876.582.458.481.592.792.5
Afterincometaxes
10.711.311.215.116.215.412.716.315.215.317.719.523.227.530.929.032.133.228.631.036.548.113.0
13.258.749.164.570.481.198.792.6
101.370.985.8
107.687.683.1
115.6153.8135.1110.166.422.183.2
174.9198.2224.9244.5234.460.666.962.554.574.754.761.243.859.866.869.3
Stock-holders'equity2
103.7108.2113.1120.1131.6141.1147.4157.1165.4172.6181.4189.7199.8211.7230.3247.6265.9289.9
343i4374.1386.4
368.0395.0423.4462.7496.7540.5600.5668.1743.4770.2812.8864.2866.2874.7900.9957.6999.0
1,043.81,064.11,034.71,039.71,110.11,240.61,348.01,462.71,482.51,429.31,458.61,483.81,479.31,495.21,469.71,479.21,486.01,498.21,529.71,562.8
Durable goods industries
Sales(net)
122.0137.9122.8142.1159.5166.0148.6169.4173.9175.2
18226.3257.0291.7300.6335.5366.5363.1381.8435.8527.3140.1
122.7529.0521.1589.6657.3760.7865.7889.1979.5913.1973.5
1,107.61,142.61,125.51,178.01,284.71,356.61,357.21,304.01,389.81,490.21,657.61,807.71,941.62,075.82I171.5
487.7527.8519.5540.9522.1547.4537.4564.7539.4580.6574.5
Profits
Beforeincometaxes1
12.914.011.416.516.515.811.415.814.013.616.818.521.2
25>30.631.523.026.533.643.610.8
10.141.135.350.757.969.672.457.467.234.748.775.561.552.178.091.675.157.313.9
-33.738.9
121.0130.6146.6167.0174.738.949.542.036.656.337.239.541.747.455.047.5
Afterincometaxes
5.55.85.68.18.37.95.88.17.06.98.69.5
11.614.516.414.616.516.912.914.518.424.86.3
6.224.721.430.834.841.845.235.641.621.730.048.938.632.653.066.955.540.7
7.2-24.0
27.487.194.3
106.1121.4127.927.036.329.528.544.825.828.129.233.639.735.0
Stock-holders'equity2
49.852.454.958.865.270.572.877.982.384.989.193.398.5
105.4115.2125.0135.6147.6155.1160.4171.4188.7194.7
185.8196.0208.1224.3239.9262.6292.5317.7350.4
£*8U436.3444.3468.7501.3515.0506.8473.9482.7533.3613.7673.9743.4779.5722.7736.7758.4755.9766.7774.7784.2792.5804.4836.7857.4
Nondurable goods industries
Sales(net)
128.0128.0125.7136.3147.8154.1156.7168.5171.8181.2194.1203.6216.8235.2262.4274.8296.4328.1345.7369.3413.7489.9135.0
113.9531.6544.1613.7670.8735.7876.1
1,023.71,165.21,126.41,140.81,227.5U88.81,095.41,200.31,311.51,388.51,453.51,457.11,500.41,524.91,598.21,720.61,816.01,844.21,781.4
447.5460.1466.6470.1436.9450.5448.9445.2431.5460.2478.8
Profits
Beforeincometaxes1
10.010.49.6
12.113.212.411.313.913.513.915.116.418.320.322.622.024.826.625.2
&65
37.810.6
10.551.044.654.357.262.981.888.491.373.684.490.075.677.295.1
123.7112.6100.884.865.179.0
122.5143.9160.0164.4139.543.642.844.933.040.539.442.916.734.137.745.0
Afterincometaxes
5.25.55.67.07.87.56.98.38.28.59.2
10.011.613.014.614.415.516.415.716.518.023.36.7
7.034.127.733.735.539.353.556.959.649.355.8
S!i50.562.686.879.669.459.346.055.787.8
103.9118.8123.1106.533.630.533.026.029.929.033.114.626.227.134.4
Stock-holders'equity2
53.955.758.261.366.470.674.679.283.187.792.396.3
101.3106.3115.1122.6130.3142.3151.7160.5172.0185.4191.7
182.1199.0215.3238.4256.8277.9308.0350.4393.0414.7440.4468.5445.3438.4456.6488.9497.7528.9557.4560.8557.1576.8627.0674.2719.3703.0706.5721.9725.4723.4728.5695.1694.9693.5693.7692.9705.4
1 In the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted. In thenew series, no income taxes have been deducted.
3 Beginning 1988, profits tincome taxes.4 Data for 1992 (most significantly 1992:1) reflect the early adoption of Financial Accounting Standards Board Statement 106 (Employer'sAccounting for Post-Retirement Benefits Other Than Pensions) by a large number of companies during the fourth quarter of 1992. Data for1993:1 also reflect adoption of Statement 106. Corporations must show the cumulative effect of a change in accounting principle in the firstquarter of the year in which the change is adopted.
Note.—Data are not necessarily comparable from one period to another due to changes in accounting principles, industry classifications,sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for Manufacturing,Mining, and Trade Corporations," Department of Commerce, Bureau of the Census.
Source.- Department of Commerce, Bureau of the Census.
412Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-92.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturingcorporations, 1947-99
Year or quarter
194719481949 :~ r: :19501951195219531954195519561957 r: ™195819591960i96i ;1962196319641965196619671968 :196919701971197219731973: IVNew series;1973: IV1974197519761977197819791980ISM v;/~"iz;i;r..;..: "...1982198319841985198619871988 2
1989199019911992 3
19931994
1996199719981997- 1
|| .IllIV
1998- 1||IIIIV
1999- 1IIIll
Ratio of profits after income taxes (annualrate) to stockholders' equity— percent1
Allmanufacturingcorporations
15.616.011.615.412.110.310.59.9
12.612.310.98.6
10.49.28.99.8
10.311.613.013.411.712.111.59.39.7
10.612.813.4
14.314.911.613.914.215.016.413.913.69.2
10.612.510.19.5
12.816.113.5
fl2.18.0
15.816.016.716.715.817.018.316.814.720.014.916.511.816.017.517.7
Durablegoods
industries
14.415.712.116.913.011.111.110.313.8
ft8.0
10.48.58.19.6
10.111.713.814.211.712.211.48.39.0
10.813.112.9
13.312.610.313.714.516.015.411.211.96.18.1
12.49.27.5
11.914.311.17.91.4
-5.1
iii15.415.716.316.415.019.715.515.123.413.314.314.716.719.016.3
Nondurablegoods
industries
16.616.211.214.111.29.79.99.6
11.411.810.69.2
10.4
H9.9
10.411.512.212.711.811.911.510.310.310.512.614.0
15.317.112.914.213.814.217.416.315.211.912.712.511.011.513.717.816.0
ft8.2
10.015.216.617.617.115.219.0
!B14.416.416.719.08.4
15.115.619.5
Profits after income taxes per dollar ofsales— cents
Allmanufacturingcorporations
6.77.05.87.14.94.34.34.5
H4.84.24.84.44.34.54.75.25.65.65.05.14.84.04.14.34.74.7
5.65.54.65.45.35.45.74.84.73.54.14.6
1!4.9
<5:13.92i2.85.4
tt6.25.96.56.86.35.47.8
if4.36.26.46.6
Durablegoods
industries
6.77.16.47.75.34.54.24.65.7
83.94.84.03.94.4a5.75.64.84.94.6
tt4.24.74.5
5.04.74.15.25.35.55.24.04.22.43.14.43.42.94.55.24.13.0
-1J1.85.35.25.55.85.95.56.95.75.38.64.75.25.26.26.86.1
Nondurablegoods
industries
6.76.85.46.54.5
44i4.45.15.34.94.44.94.84.74.74.95.45.5
ii5.25.04.54.54.44.85.0
6.16.45.15.55.35.36.15.65.14.44.94.8
tt5.26.65.74.84.13.13.75.56.06.56.76.07.56.67.15.5
H7.43.36.15.97.2
'Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end of quarter.'See footnote 3, Table B-91.3 See footnote 4, Table B-91.Note.—Based on data in millions of dollars.See Note, Table B-91.Source: Department of Commerce, Bureau of the Census.
413
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TABLE B-93.—Common stock prices and yields, 1957-99
Year or month
195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 .!"!.!!.!'..!.!"!"!!".!'19901991199219931994199519961997199819991998- Jan
FebMarAprMayJuneJulvAug : ;:::Sept ::.:.:. .:::..OctNov .Dec
1999- JanFebMarAprMay :.:.JuneJuly . . . .A u g . . .SOct .."'"'."."""";NovDec
Common stock prices1
New York Stock Exchange indexes(Dec. 31, 1965=50)2
Composite
23.6724.5630.7330.0135.3733.4937.5143.7647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46
108.09136.00161.70149.91180.02183.46206.33229.01249.58254.12291.15358.17456.54550.26619.16504.13532.15560.70578.05574.46569.76
539.'l6506.56511.49564.26576.05595.43588.70603.69627.75635.62629.53648.83621.03607.87599.04634.22638.17
Industrial
46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18
107.45108.01123.79155.85195.31180.95216.23225.78258.14284.62299.99315.25367.34453.98574.52681.57774.78624.61660.91693.13711.89712.39704.14718.54665.66629.51636.62704.46717.00741.43736.20751.93780.84791.72783.96809.33778.82769.47753.94791.41808.28
Transpor-tation
50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63
104.11119.87140.39134.12175.28158.62173.99201.09242.49247.29269.41327.33414.60468.69491.60458.49485.73508.06523.73
503.89441.36408.75396.61442.95456.70479.72477.47491.25523.08537.88520.66528.72492.13462.33450.13474.78461.04
Utility3
90.8190.8688.3885.6074.4779.0576.9575.3859.5863.0073.9481.8478.4476.4174.6977.8179.4993.9992.89
113.49142.72148.59143.53174.87181.20185.32198.91228.90209.06220.30249.77283.82378.12473.73332.50341.91367.48378.92372.62376.51388.78372.48372.33390.17412.59431.14449.50436.49436.23456.96470.40482.71501.00483.68475.42478.19502.59511.64
Finance
44.4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28
114.21147.20146.48127.26151.88133.26150.82179.26216.42209.73238.45303.89424.48516.35530.86479.81508.97539.47563.07551.28548.57579.67511.22454.28448.12501.45510.31523.38514.75544.08564.99562.66546.43557.92521.59493.37490.92539.20510.99
DowJones
industrialaverage2
475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72753.19884.76950.71923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36
1,190.341,178.481,328.231,792.762,275.992,060.822,508.912,678.942,929.333,284.293,522.063,793.774,493.765,742.897,441.158,625.52
10,464.887,808.358,323.618,709.479,037.449,080.078,872.969,097.148,478.527,909.798,164.479,005.759,018.689,345.869322.949,753.63
10,443.5010,853.8710,704.0211,052.2210,935.4710,714.0310,396.8810,809.8011,246.36
Standard& Poor's
compositeindex
(1941-43=10)2
44.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29
109.20107.4382.8586.16
102.0198.2096.02
103.01118.78128.05119.71160.41160.46186.84236.34286.83265.79322.84334.59376.18415.74451.41460.42541.72670.50873.43
1,085.501,327.33
963.361,023.741,076.831,112.201,108.421,108.391,156.581,074.621,020.641,032.471,144.431,190.051,248.771,246.581,281.661,334.761332.071,322.551,380.991,327.491,318.171,300.011,391.001,428.68
Common stock yields(S&P) (percent)4
Dividend-priceratio5
4.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.253.493.083.643.453.613.242.992.782.822.562.191.771.491.251.621.551.481.431.451.451.391.481.591.591.431.371.301.321.301.241.241.251.201.251.271.281.211.18
Earnings-priceratio6
7.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.12
11.599.158.90
10.7912.0313.4612.6611.9611.608.03
10.028.126.095.488.017.426.474.794.224.465.836.095.244.573.46
3.59
3.44
3.75
3.07
2.98
SB
343
1 Averages of daily closing prices, except NYSE data through May 1964 are averages of weekly closing prices.2 Includes stocks as follows: for NYSE, all stocks listed (more than 3,500); for Dow-Jones industrial average, 30 stocks; and for S&P com-
posite index, 500 stocks.3 Effective April 1993. the NYSE doubled the value of the utility index to facilitate trading of options and futures on the index. Annualindexes prior to 1993 reflect the doubling.4 Based on 500 stocks in the S&P composite index.5 Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing prices.Monthly data are averages of weekly figures; annual data are averages of monthly figures.6 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that quarter.Annual data are averages of quarterly ratios.
Note.—All data relate to stocks listed on the New York Stock Exchange.Sources: New York Stock Exchange (NYSE), Dow Jones & Co., Inc., and Standard & Poor's (S&P).
414
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TABLE B-94.—Business formation and business failures,
Year or month
19551956195719581959I9601961
1965 III"."!!"!1966 . .1967 .,.! !19681969 !.!..!!!!!!!.19701971197219731974 !..!.!197519761977 .!! !!.!..!.!1978197919801981
1983198419851986 .198719881989 .19901991 .199219931994 !!.!.!!.!!.!!!!!'!199519961997 !..!.!..!.!..!!.!!
1997- JanFebMar ":!!!!!!!
8&::z:JuneJulyAugSeptOctNovDec
1998: JanFeb . . . .Mar
(6=JuneJulyAugSeptOctNov
Indexof net
businessformation(1967=
100)
96.694.6
97.994.590.892.694.498.299.899.3
100.0108.3115.8108.8111.1119.3119.1113.2109.9120.4130.8138.1138.3129.9124.8116.4117.5121.3120.9120.4121.2124.1124.8120.7115.2116.3121.1125.5
(3)(3)(3)
Newbusinessincorpo-rations
(number)
139,915141,163137,112150,781193,067182,713181,535182,057186,404197724203,897200,010206,569233,635274[267264,209287,577m319,149326,345375,766436,170478,019524,565533,520581,242566,942600,420634,991664,235702,738685,572685095676:565647,366628,604666,800706,537741,778766,988786,482798,779
Seasonally adjusted
33333
333333
333333
333333 72,992
69,2656358767,58765,35462,75672,70760,46566,81969,94558,15469,04166,41566,17863,40864,58559,45263,98370,72458,82761,446
Business failures^
Businessfailurerate2
4248:;52576461
535249
1?4442;;38
328
li4261
i?o107
iff102
If74
10711010986828088
"— •
Number offailures
Total
10,9691268613,73914,96414,05315,44517,07515,78214,3741350113,51413,06112,3649,6369,154
10,74810,3269,5669,3459,915
'$17,9196,6197,564
11,74216,79424,90831,33452,07857,25361,61661,11157,09750,36160,74788,14097,06986,13371,55871,12871,93183,384
7,3596,7937,4357,6457,1816^907,26568257,1467,426mw6,3456,5605,9046,2816,5755,8105,6826,5015,171
Liability size class
Under$100,000
10,11311,615m12,70713,65015,0061377212,19211,346
m10,1447,8297,1928,0197,611
6[733m4,8613,7123,9305,6828,233
11,5091557233,527m,38,949
40^83360,61768,26461,18850,81449,49549,66756,050
4,956
5^74482446844,8434,6904,7855,0714,0133^634,5744,6244,8174,2863,9624,1514,37839443,7154,2453,379
$100,000and over
8561,071m1,3461,795
i£155m2,2201,807\,%22,7292,715m3,182
3!058
VRj|18,'SSl20,7022270822,16218,79717,04919,91427,52328,80524,94520,74421,6332226427,334
2,4032,2612,5022,5712-3572,2062,4222,1352,361235519871,6681,6551,2231,5282,2741,9422,1302,1971,8661,967
$
Amount of current liabilities (millionsof dollars)
Total
449.4562.7
flH692.8938.6
1,090.11,213.6mm1,265.2
941.01,142.11,887.81,916.92,000.22,298.63,053.14,380.23;011.3
4,635.16,955.2
15,610.816,072.929,268.636,937.444,724.034,723.839,573.042,328.856,130.196,825.394,317.547,755.528,977.9
29;568J37,436.9
3,526.21,220.9
l!574!o1,225.43,180.0
l',406!71,685.71,817.82,985.42,472.81,033.01,114.61,392.41,311.22,535.41,613.32,578.63,373.01,410.6
Liability size class
Under$100,000
206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6
32l!5
24l!l231.3269.3
256.9m208.3164.7179.9272.5405.8541.7635.1409.8
746!0
ffi735.6
1,044.91,096.7
947.6845.0866.1914.9
1,111.3
92.188.299.4
108.497.294.598.386.494.199.280.972.565.347.860.187.483.785.989.776.881.195.475.8
$100,000and over
243.0322.9m413.9
8tt867.1
ttftimm910.8
1,618.41,645.61,741.52,063.0
2]887!02,491.32,487.54,362.66,549.3
28:858!836,513.543885.733,977.838,886.141658.255,394.595,780.4
28!l32!936,417.428,653.836,325.6
3,434.21,132.71,306.22,674.41,476.81,130.83,081.71,735.83,198.71,307.51,604.91,745.32,920.02,425.0
972.91,027.21,308.71,225.32,445.81,536.52,497.43,277.61,334.8
1 Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, and financialcompanies, steamship lines, travel agencies, etc.
Data beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlier data.Series is under revision. Data are as last available and are subject to revision.2 Failure rate per 10,000 listed enterprises.3 Series discontinued in 1995.Sources-. Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.
415
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AGRICULTURE
TABLE B-95.—Farm income, 1945-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
Year or quarter
19451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976 . .19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*
Income of farm operators from farming
Gross farm income
Total1
25.429.632.436.530.833.138.337.834.434.233.534.034.839.037.938.640.542.343.442.346.550.550.551.856.458.862.171.198.998.2
100.6102.9108.8128.4150.7149.3166.3164.1153.9168.0161.2156.1168.4177.9191.9198.0191.9200.5204.8216.1210.7235.7238.7233.1239.1
Cash marketing receipts
Total
21.724.829.630.227.828.532.932.531.029.829.530.429.733.533.634.035.236.537.537.339.443.442.844.248.250.552.761.186.992.488.995.496.2
112.4131.5139.7141.6142.6136.8142.8144.1135.4141.8151.2160.8169.5167.9171.3177.9181.3188.1199.1207.6196.8191.9
Livestockand
products
12.013.816.517.115.416.119.618.216.916.316.016.417.419.218.919.019.520.220.019.921.925.024.425.528.629.530.535.645.841.343.146.347.659.269.268.069.270.369.672.969.871.676.079.683.989.285.885.690.488.287.193.096.594.596.9
Crops
9.711.013.113.112.412.413.214.314.113.613.514.012.314.214.715.015.716.317.417.417.518.418.418.719.621.022.325.541.151.145.849.048.653.262.371.772.572.367.269.974.363.865.871.676.980.382.185.787.493.1
101.0106.2111.1102.295.1
Value ofinventorychanges2
-0.4.0
-1.81.7-.9
.81.2
-!e.2
~!e.8.0.4
!6.6
-.81.0
~>
'.1.0
1.4.9
3.4-1.6
3.4-1.5
1.11.95.0
-6.36.5
-1.4-10.9
6.0-2.3-2.2-2.3-4.1
3.83.3-.24.2
-4.28.3
-5.08.0
-LO-1.4
Produc-tion
expenses
13.114.517.018.818.019.522.322.821.521.822.222.723.725.827.227.428.630.331.631.833.636.538.239.542.144.547.151.764.671.075.082.788.9
103.2123.3133.1139.4140.3139.6142.0132.6125.2131.0139.9146.7153.3153.3152.6160.2166.8173.5180.8190.0189.0191.1
Net farmincome
12.315.115.417.712.813.615.915.013.012.411.311.311.113.210.711.212.012.111.810.512.914.012.312.314.314.415.019.534.427.325.520.219.925.227.416.126.923.814.226.028.630.937.438.045.344.738.747.944.549.237.254.948.644.148.1
1 Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney income produced byfarms.
2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.Note.—Data include net Commodity Credit Corporation loan transactions and operator residences.Source-. Department of Agriculture, Economic Research Service.
416
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-96.—Farm business balance sheet, 1950-98[Billions of dollars]
End of year
195019511952195319541955195619571958195919601961196219631964
196619671968196919701971197219731974 7
19751976 "...' '19771978197919801981198219831984198519861987198819891990199119921993 . . . . . .19941995199619971998 :..
Assets
Totalassets
121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0174.3181.6188.9196.7204.2220.8234.0246.0257.2267.8278.9301.7339.9418.5449.2510.8590.7651.5767.4898.1983.3982.3944.6943.4857.0772.7724.8756.5788.0813.7840.6844.2868.3910.2935.5966.7
1,003.91,051.61,064.3
Physical assets
Realestate
75.483.885.184.387.893.0
100.3106.4114.6121.2123.3129.1134.6142.4150.5161.5171.2180.9189.4195.3202.4217.6243.0
383.6456.5509.3601.8706.1782.8785.6750.0753.4661.8586.2542.4
582!3600.1619.1624.8640.8677.6704.1740.5769.5808.4822.8
Nonreal estate
Live-stockand
poul-try'
17.119.514.811.711.210.611.013.917.715.215.616.417.315.914.517.619.018.820.222.823.727.333.742.424.629.429.031.950.161.460.653.553.049.549.546.347.858.062.266.270.968.171.072.867.957.860.367.162.0
Machin-ery andmotor
vehicles
12.314.315.015.615.716.316.917.018.119.319.119.319.920.421.222.424.126.327.728.630.432.434.639.748.557.463.369.368.575.480.385.586.085.885.082.9
ft81.084.186.385.985.486.587.588.588.989.088.6
Crops2
7.18.27.96.87.56.56.86.46.96.26.46.5
H7.07.98.18.07.48.38.7
10.012.921.422.520.520.620.423.829.932.829.525.923.726.122.916.317.823.723.923.222.224.223.323.327.431.732.230.1
Pur-chased
in-puts'
•• ••"•"•
— "
2.01.22.13.23.52.62.82.63.93.85.03.44.45.15.3
Financial assets
Invest-ments
incooper-atives
2.72.93.23.33.53.74.04.24.54.84.24.5
if5.25.45.75.86.16.47.27.98.79.7
11.213.014.313.516.118.119.320.621.922.824.324.324.425.3
ili
^29.431.032.134.134.935.741.2
Other*
7.07.37.17.06.96.96.76.66.96.25.85.9
B5.86.06.06.16.36.46.56.76.97.16.96.96.97.07.17.37.47.67.88.18.39.0
fl10.410.410.911.813.615.315.515.014.114.014.2
Claims
Totalclaims
121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0174.3181.6188.9196.7204.2220.8234.0246.0257.2267.8278.9301.7339.9418.5449.2510.8590.7651.5767.4898.1983.3982.3944.6943.4857.0772.7724.8756.5788.0813.7840.6844.2868.3910.2935.5966.7
1,003.91,051.61,064.3
Realestatedebt*
5.25.76.26.67.17.88.59.09.7
10.611.312.313.515.016.918.920.722.624.726.427.529.332.0
&45.350.558.466.779.789.798.8
101.8103.2106.7100.190.482.477.876.074.774.975.476.077.779.381.785.489.6
Non-real
estatedebt6
5.76.97.16.36.77.37.48.29.4
10.711.111.813.214.615.316.918.519.619.220.021.224.026.731.635.139.745.652.460.771.877.183.687.087.987.177.566.662.061.761.963.264.363.665.969.171.574.480.183.2
Propri-etors'equity
110.7123.7119.7115.8118.8121.9129.8137.3149.6151.7151.9157.5162.2167.1172.1185.0194.8203.9213.3221.4230.2248.5281.2350.9373.3425.8494.7540.7640.0746.6816.5799.9755.8752.4663.2595.1567.9612.1648.5675.9702.6705.0729.3768.3788.7815.9847.8886.1891.4
1 Excludes commercial broilers; excludes horses and mules beginning 1959; excludes turkeys beginning 1986.2 Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.3 Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.4 Currency and demand deposits.Includes CCC storage and drying facilities loans.6 Does not include CCC crop loans.7 Beginning 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.Note.—Data exclude operator households.Beginning 1959, data include Alaska and Hawaii.Source: Department of Agriculture, Economic Research Service.
417
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-97.—Farm output and productivity indexes, 1948-96[1992=100]
Year
19481949195019511952195319541955195619571958 : :1959I96019611962196319641965196619671968196919701971197219731974
19751976197719781979198019811982::::::::::::":::::::::::::::::::::::198319841985198619871988198919901991199219931994199519% ::::::::::::::::::::::"
Farmoutput
Total1
45454446484848505050525454565658585959626363636768716771727677827987877686898788
8;«107101106
Livestockandprod-ucts
4952545758
il626463646766696972747172757575787980817975798080828587868887899092
89598100100108110109
Crops
Total2
43403940424241424242464648484951495252545557556161656068687476837587876885
II86758692921009010696103
Feedcrops
47434443444345474651545457535456525958646264607271736172737884897691936190100
II628588
18761028398
Foodgrains
4741383748443937383653435147434550525259625754
888483787385941111089210195
il768310782100
$9093
Oil crops
17151816161618202323292527
il33344043455152535959715771608287105
81017687968988728887941008511599107
Productivityindicators3
Farmoutputper unitof totalfactorinput
4340404143434544454547474850515253555456585959636364616646770667476697884858783909392100
18100
* 106
Farmoutputper
unit offarmlabor
131414151617181819202323242626282931333638394043444546495055
864
%64748286878086928910098111110106
1 Gross production.2 Includes items not included in groups shown.3 See Table B-98 for farm inputs.Source-. Department of Agriculture, Economic Research Service.
418
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-98.—Farm input use, selected inputs, 1948-99
Year
1948 ....1949 ....1950...1951 . ..1952...1953...1954 . ..1955...1956...1957...1958...1959...I960.,1961 ...1962...1963 ....1964 ....1965 ....1966 ....1967 ....1968 ....1969 ....1970 ....1971 ....1972 ....1973 ....1974 ....1975 ....1976 ....1977 ....1978 ....1979 ....1980 ....1981 ....1982 ....1983 ....1984 ....1985 ....1986 ....1987 ....1988 ....1989 ....1990 ....1991 ....199219931994 .1995 ....1996 ....199719981999p
Farm population,April'
Number(thou-sands)
24,38324,194
m21,74819,87419,01919,07818,71217,65617,12816,59215,63514,8031431313,36712,95412,36311,59510,87510,45410,3079,7129,4259,6109,4729,2648,8648,2538 6,19486,5018 6,241
8 6,0518 5,8508 5,6288 5,7875,7545,3555,2264,9864,9514,8014,5914,632
Aspercentof totalpopula-tion*
16.616.215.214.213.912.511.711.511.1
•89.38.78.17.77.16.76.45.95.55.25.14.74.54.64.54.34.13.882.88 2.98 2.8
82.782.58 2.482.52.42.22.22.12.12.01.91.9
Farm employment(thousands)3
Total
10,3639,9649,9269,5469,1498,8648,6518,3817852m7,3427,0576,91967006,5186,1105,6105,2144,9034,7494,596
44364^3734,3374,3894,3314,3634,1433,9373,765
93*582
93*34993*.233
3,1162,9122,8972,9542,8632,8912,8772810
gg
^28672,8272*977
Self-em-
ployedand
unpaidwork-ers*
8,0267,7127,5977,3107,0056,7756,5706,3455,9005,6605,5215,3905,172m4,7384,5064,128
303,5353,419
mm3,0753,0212,9922,8522,6802,495
92*32492*24892,17192,095
2,018
1*8461 967l].9352,0001,9681944119421,9251,9672,0101990&
Hiredworkers
2,3372,252
2*2362*.1442,0892,0812,0361,9521,9401,9821,9521,8851,8901,8271,7801,6041,482
iS1,2131,1761,1751,1611,14611681,3141,3101,37112911,2561,270
91*258
•iin91*138
1,098
l',0511 037
*928892910866857842
9877
9
cropshar-
vested(mil-
lions ofacres)5
356360345344349
9340324
324324
298298298
300290
305
B328336
K338348
366
B348342325
297318
9319
£$333
S
Selected indexes ofinput use (1992=100)
Total
104111110112112110107112112111111114113111111111109108109109107108108107108nono108111109115118119116113nono106102101100100101102100101102101100
Farmlabor
335328315302293277270274259242231230224218216210198193180171165162
1144145
9132128
99116108101101103104102106100II18
Farmreal
estate
101102104106107108109nononononono107106107106106
9106105
185181no109nono109no112112no102108107104100100102101100100IIII
Durableequip-ment
6274
II103107112114115113111111112110108108no112115119124126127129129131139144
9156161
9163155147139
201308
8!100
g11
Ener-gy
7178
88689889191898788899193949697
II98
100
100U94
no124130136124121116109106no9891
102101100101100100103109104
culturalchemi-cals6
3133
38
II40424645455254595357636674796368717379859081908896
105119no90869997
105100919595
1001001051069097
Feed,seed,andpur-
chasedlive-
stock7
5860
88586668717576
£75777574808081868986
88883
8396
1031091031061089799999796919999
10010110210995
Other
chasedinputs
4678788385817880808386
1009997999897979899979390899095
10099
10210312212911711110410610899889599
103103104100110117121117
'Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms in ruralareas, regardless of occupation. See also footnote 8. Series discontinued in 1992.2Total population of United States including Armed Forces overseas, as of July 1.3 Includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those on agriculturalemployment by the Department of Labor (see Table B-33) because of differences in the method of approach, in concepts of employment, andin time of month for which the data are collected.4Prior to 1982 this category was termed "family workers" and did not include nonfamily unpaid workers.5 Ac re age harvested plus acreages in fruits, tree nuts, and farm gardens.6 Fertilizer, lime, and pesticides.7 Includes purchases of broiler- and egg-type chicks and turkey poults and livestock imports for purposes other than immediate slaughter.8 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total population) for1977,1978.1979,1980,1981,1982, and 1983 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 7,014 and 3.1; 6,880 and 3.0;7,029 and 3.0. respectively.9 Basis for farm employment series was discontinued for 1981 through 1984. Employment is estimated for these years.
Note.-Population includes Alaska and Hawaii beginning 1960.Sources: Department of Agriculture (Economic Research Service) and Department of Commerce (Bureau of the Census).
419
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—99.—Indexes of prices received and prices paid by farmers, 1975—99[1990-92=100, except as noted]
Year ormonth
197519761977 .: :19781979
1980198119821983 .""".'".'19841985198619871988198919901991199219931994199519961997199819991998: Jan ...
Feb ....Mar ...Apr ....{fay...June ..July ...Aug ...Sept ..Oct ....Nov ...Dec ...
1999: Jan ...Feb ....Mar ...
a/Pay"-June ..July ...Aug ...
ff_Nov ...Dec ...
Prices received byfarmers
Allfarmprod-ucts
73757383949810094981019187899910410410098101100102112107101951031011021041031021021019999999897969696989795989691939?
Crops
88878389981071119810811198878610410910310110110210511212711610696109
if?114112106107103101100101100979898
18100959995888990
live-stockandprod-ucts
626464789089899088918688919310010599971009592999897959594959596989699989897979694959093959497
89895
Prices paid by farmers
Allcommod-
ities,services,interest,taxes,andwagerates1
47505358667582
II89868587919699100101104106109115118115115117117116116116115115114113114114114115115115115115115115115116117117118
Production items
Total2
55596167768592949294918687
899100101104106108115119113112116116114114114113113112110110111110111111111111111111111112112113114115
Feed
83838280899811099107112958883
!ft'§199102106103129125110101123122118114112110112107102100103104104103101102102101989999100100101
Live-stockandr,1-39474865888580787673747385919310210296104948275948895949591949288838380
::85909492928993929194101105110
Fertil-izer
87747272779610410510010398908694999710310096105121125121112105116115115114
IKffi110109108107107106107107106105104104104105104105
Agri-cul-turalchemi-cals
7278716667717783879090
1?895101103109112116119121122122123123123122122123122124120122122122122120121121120121121122124124123123
Fuels
404346486186989794939376767783100104
89891021068497969286899185827982817969696672889191
!??116114120174
Farmma-chin-ery
384347
86370768185858385899496100104107113120125128132134131131131132132132132132132134134134
i8134135135135135135132132133133
Farmserv-ices
4«
6688988
1889
9698103110110115116116115115115115115115115116116116116115114114114114114114115116116116116116115115
Rent
8
)6
95
55
4>
96100104100108117128136120117120120120120120120120120120120120120117117117117117117117117117117117117
Wagerates
444851
6570747677788185879596100105108111114117123129135131131131129129129125125125131131131137137137135135135131131131135135135
Adden-dum:
Averagefarmreal
estatevalueperacre(dol-lars)3
340397474
628737819823788801713640599632668683703713736798844887926974992974
992
:::::::::::::
1 Includes items used for family living, not shown separately.2 Includes other production items not shown separately.3 Average for 48 States. Annual data are: March 1 for 1975, February 1 for 1976-81, April 1 for 1982-85, February 1 for 1986-39, and
January 1 for 1990-99.Note.—Data on a 1990-92 base prior to 1975 have not been calculated by Department of Agriculture.Source-. Department of Agriculture, National Agricultural Statistics Service.
420
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-100.—U.S. exports and imports of agricultural commodities, 1940-99
[Billions of dollars]
Year
19401941194219431944194519461947194819491950195119521953195419551956195719581959I96019611962 . . . .19631964196519661967196819691970197119721973197419751976197719781979198019811982 .I::::.:..:..:.:.198319841985198619871988198919901991 . . .1992199319941995 . . . .1996 .....'19971998Jan-Nov:
19981999
Total1
05
1.22.12123314.0353.62.9403.42.83.13.2424.53.94.04.85.05.05.66.36.26.96.4636.07.37.794
17.721.921.923.023629.434.741243.3
37829.026228.737.1401
39 443142.946.256.360.457.251.8
47.043.9
Feedgrains
(4)4
<4)(4)(4)(4)01
.41
.2332
.34c
.6
.5
.8
.8
.91.11.31.1
99
111.0153.54.65.26.04 95.97.79.89.46.47.38160313.85.97 77.05.7575.04 78.29.46.05.0
4.55.1
Foodgrains2
(4)
01(*)\11
4
1.4151.1.6
1111
.5
.61010.8.9
121.41.3151.7141.81.51412141.3184.75.46.24.7365.56.3799.67.97.47545383.859714.842545.6536.77.45.25.0
4.64.3
Exports
Oil-seedsand
prod-ucts
(4)(4)4
011
(4)4
12.3.2320
.45.5
.66.6
!s1.0121.21.313n192.22 44.35.74.55.166828.9949.69.187845.8656.47.7635.76.47 27.3728.9
10.812.19.5
8.57.3
Cot-ton
021.1
135
5.9
1.011
9
8.57
10
.410.9
16
5
.534.65.9
1.31.01.0151.72.2292.32.018241.6
81.62.02 22.82.52 01.52 73.72.72.72.5
2.2.8
To-bacco
(4)
01212o2
.33.20
.43
.4
.4
.4
.44
'5fi5.57
!8.9.9
111.41.2131.51.51.5151.5121.11.3n1.41.4171.3131.41.41.61.5
1.31.2
Ani-malsand
prod-ucts
0138
1.213.9.9g»
.35.3
.5
.67
.7
.5
.66.6.6
.88
.7
89
1.0111.61.81.72.42 73.03.8384.23.938424.1455.26.46.46.77.1808.19.3
11.011.311.510.7
9.89.3
Total1
13171.31.5181.72.32.83.12.94.0524.54.24.04.0404.03.94.1383.73.94.04.1414.54.550SO585.8658.4
10.29.3
11.013.414.816.717416.915.316.519.320.021520.421.021922.922.924.825.227.130.333.736.337.1
33.934.5
Crops,fruits,and
tabfes3
(4)01(4).111i22
.22
.2
.222
2
'.3
3.4.455.67.8.8.8.9
121.51.7172.02.323313.5363.63.84 24.94.84.95.05.45.96.97.27.9
7.18.1
Imports
Ani-malsand
prod-ucts
02'3.5.43.4.4.46.4.7
11
.6
.54-j
.86
.99.89
1.21.113141615182.62.21.82.3233.13.9383.53.73.84.14.2454.95.2505.6
575.95.86.06.16.57.0
6.46.6
Cof-fee
012o
3
.3
.5
.6
.81.1141.4
1 51.41.41.41.21.11.01.01.01.01.2111.11.012
9
1212131.71.61.72.94 24.04.24.22.92.92.83.33.34.62.92.52.41.91.91.71.52.53.32.83.93.4
3.22.6
Cocoabeansand
prod-ucts
(4)(4)
(4)(4)(4)
(4)01
?
1
.22
.2
.3
.2
.2
.2
.2
.2
'.2.21
'223.22.3
.5
.61.01.41.2.9.9
'.81.11.41.11?1.01.01.11.11.11.01.01.11.41.51.7
1.51.4
culuraltrade
balance
-08-10
.63.5.8
1?.3
-1.1-11-1.1-1.3-.9-.8
2.6
(4)-.11.01.31.21.62.32.12.41.91311
1519299.3
11.712.612.010.214.618.023.8
2l'.319.618.59.14.78.3
16.118.216.616.518.317.719.126.026.720.914.7
13.19.4
1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.includes nuts, fruits, and vegetable preparations.4 Less than $50 million.Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commodities are
defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes of manufac-ture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and other charges to theport. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight, and marine insurance.
Source-. Department of Agriculture, Economic Research Service.
421
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INTERNATIONAL STATISTICS
TABLE B-101.—U.S. international transactions, 1946-99[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]
Year orquarter
1946194719481949195019511952195319541955 II1956195719581959
19601961
19631964 II"19651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996 .1'.!199719981997:
1IIIllIV
1998:
II II"IIIIV
1999:1II
Goods1
Exports
11,76416,09713,26512,21310,20314,24313,44912,41212,92914,42417,55619,56216,41416,45819,65020,10820,78122,27225,50126,46129,31030,66633,62636,41442,46943,31949,38171,41098,306
107088114,745120,816142,075184,439224,250237,044211,157201,799219,926215,915223,344250,208320,230362,120389,307416,913m502,398575,845612,057679,715670,246
162,979169,895173,447173,394
170,665165,198164,259170,124
164,292165,862173,578
Imports
-5,067-5,973-7,557-6,874-9,081
-11,176-10,838-10,975-10353-11,527-12,803-13,291-12,952-15,310-14,758-14,537-16,260-17048-18,700-21,510-25,493-26,866-32,991-35,807-39,866-45,579-55,797-70,499
-103,811-98185
-124,228-151,907-176,002-212,007-249,750-265,067-247,642-268,901-332,418-338,088-368,425-409,765-447,189-477,365-498,337-490,981-536,458-589,441-668,590-749,574-803,327-876,366-917,178
-212,187-217,773-222,362-224,044
-225,541-228,698-229,228-233,711
-238,495-250274-265,723
Balanceon goods
6,69710,1245,7085,3391,1223,0672,6111,4372,5762,8974,7536,2713,4621,1484,8925,5714,52152246,8014,9513,8173,800
635607
2,603-2,260-6,416
911-5,505
8,903-9,483
-31,091-33,927-27,568-25,500-28,023-36,485-67,102
-112,492-122,173-145,081-159,557-126,959-115,245-109,030-74,068-96,106
-132,609-166,192-173,729-191,270-196,651-246,932
-49,208-47878-481915-50,650
-54,876-63,500-64,969-63,587
-74,203-84,412-92,145
Services
Netmilitarytransac-tions23
-424-358-351-410-56169528
1,753902
-113-221-423-849-831
-1,057-1,131
-912-742-794-487
-1,043-1,187
-596-718-641
6531,072
740165
1,461931
1,731857
-1,313-1,822
-844112
-563-2,547-4,390-5,181-3,844-6,320-6,749-7,599-5,274-1,448
1,3852,5704,6004,7075,8634,314
1,3142,0961,509
944
1,5081,428
675
837506407
Nettravel
andtranspor-
tationreceipts
733946374230
-12029883
-238-269-297-361-189-633-821-964-978
-1,152-1,309-1,146-1,280-1,331-1,750-1,548-1,763-2,038-2,345-3,063-3,158-3,184-2,812-2,558-3,565-3,573-2,935
-997144
-992-4,227-8,438-91798-8,779-8,010-3,013
3,5517,501
16,56119,96919,71416,30521,772m10,405
5,9565,4655,3875,143
3,4712,9971,6852,251
1,9471,770
826
fithorutnerservices,
net
310145175208242254309307305299447482486573639732912
1,0361,1611,4801,4971,7421,7591,9642,3302,6492,9653,4064,2314,8545,0275,6806,8797,2518,912
12,55213,20914,12414,40414,48319,25418,65820,83626,934
m40,55941,57148,92249,81857,27664,11067,931
15,32616,12816,29616,362
16,55917,11416,85717,399
17,44517,05117,087
Balanceon goods
andservices
7,31610,8575,9065,3671,1883,7883,5313,2593,5142,7864,6186,1412,466
693,5084,1953,3704,2106,0224,6642,9402,604
25091
2,254-1,303-5,443
1,900-4,29212,404-6,082
-27246-29,763-24,565-19,407-16,172-24,156-57,767
-109,073-121,880-139,786-152,753-115,455-91,509-79,939-29,484-37,025-69,940-98,395-97,539
-104,318-104,730-164,282
-26,612-24,189-25,723-28,201
-33,338-41,961-45,724-43,262
-53,974-65,085-73,825
Income receipts and payments
Receipts
7721,1021,9211,8312,0682,6332,7512,7362,9293,40638374,1803,7904,1324,6164,9995,6186,1576,8247,4377,5288,0219367
10,'91311,74812,70714,76521,80827,58725,35129,37532,35442,08863,834
m91,69090,050
108,95898,73697,274
108,428137,000161,566172,078149,558132,523134,621165,968212,233224,619258,663258,324
61,60365,43066,58065,050
66,45866,57462,20963,081
64,028
Payments
-212-245-437-476-559-583-555-624-582-676-735-796-825
-1,061-1,238-1,245-1324-1,560-1,783-2,088-2,481-2,747-3,378-4,869-5,515-5,435-6,572-9,655
-12084-12,564-13,311-14,217-21,680-32,961-42,532-53,626-56,572-53,703-73,977-73,156-81,907-94,273
-118,452-141,842-143,649-125,608-110,253-111,445-150,061-192,823-207,409-255,432-270,529
-60,542-63,218-66,376-65,297
-66,211-67,127-69,174-68,014
-68,368-71,469-74,483
Balanceon income
560857
1,4841,3551,5092,0502,1962,1122,347
&3,3842,9653,0713,37937554,2944,5965,0415,3505,0475,2745,9906,0446,23372728,192
12,15315,50312,78716,06318,137
i§$m35,118
25158015,36814,15518,54819,72428,429m23,17615,90719,410171210
1,0612,212
204-247
247-553
-6,965-4,933
-4,340-4,612-4,920
Unilateralcurrent
transfers,net3
-2,991-2,722-4,973-5,849-4,537-4,954-5,113-6,657-5642-5,086-4,990-4,763-4,647-4,422-4,062-4,127-4,277-4,392-4,240-4,583-4,955-5,294-5,629-5,735-6,156-7,402-8,544-6,9134-9,249-7,075-5,686-5,226-5,788-6,593-8,349
-11,702-17,139-17,778
-22>62-24,818-24,047-26,139-27,116-27,821
9,819-35,873-38,522-39,192-35,437-42,187-41,966-44,075
-9,347-9,494
IHJBO-9,927-9,886
-10,787-13,474
-10,340-11,212-11,204
Balanceon
currentaccount
4,8858,9922417
873-1,840
884614
-1,286219430
2,7304,762
784-1,282
2,824m4,4146,8235,4313,0312,583
611399
2,331-1,433-5,795
7,1401,962
18,1164,295
-14,335-15,143
5,'030-6,177
-39,198-94,753
-119,062-149,236-162,645-123,046-98,900-79,332
4,284-50,629-85,286
-121,680-113,566-129,295-143,465-220,562
-34,898-31,471-35,615-4&T8
-43,018-52,400-63,476-61,669
-68,654-80,909-89,949
Adjusted from Census data for differences in valuation, coverage, and timing; excludes military.2 Quarterly data are not seasonally adjusted.3 Includes transfers of goods and services under U.S. military grant programs.See next page for continuation of table.
422
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-101.—U.S. international transactions, 1946-99—Continued[Millions of dollars; quarterly data seasonally adjusted, except as noted]
Year orquarter
19461947194819491950195119521953195419551956195719581959 . .I96019611962196319641965 . ..196619671968196919701971197219731974197519761977197819791980 . . .19811982 "1983
198519861987
1990199119921993 .!!!'.!!.!.!.199419951996 ;....;... .199719981997:
II ""'"""IIIIV
1998:
11 ..IllIV
1999:
IIlib "..'....!.
Capitalaccount2
199aUf365493336
-6,579-4479
612-88
-469372672292617
13556
11143160148166
166178166
Financial account
U.S.-owned assets abroad, net[increase/capital outflow (-)]
Total
-4,099-5,538-4,174-7,270-9,560-5,716-7,321-9,757
-10,977-11,585-8,470
-11,758-13,787-22,874-34,745-39,703-51,269-34,785-61,130-64,915-85,815
-113,054-127,825-66,423-40,515-44,946
-111,933-79,540
-106,860-175,662-81,570-64,732-74,877
-201,014-176,586-330,675-380,762-465,296-292,818
-144,665-91,124
-112,578-116,929
-59,599-120,517-62,097-50,607
-15,148-154,713-101,483
U.S.officialreserve
assets25
-623-3,315-1,736
-2661,758-33
-4151,256
480182
-869-1,165
2,2921,0352,145
6071,535
378171
1,22557053
-870-1,179
m706158
-1,467-849
-2,558-375
7326
-7,003-4,082-4,965-1,196-3,131-3,858
3129,149
-3,912-25,293-2,158
57633,901
-1,3795,346
-9,7426,668
-1,010-6,784
4,480-236-730
-4,524
-444-1,945-2,026-2,369
4,0681,1591,950
Other U.S.Govern-
mentassets2
-1,100-910
-1,085-1,662-1,680-1,605-1,543-2,423-2,274-2,200-1,589-1,884
$8'366
-3,474-4,214-3,693-4,660-3,746-5,162-5,097-6,131-5,006-5,489-2,821-2,022
1,0062,9671,2332,3172924
-1,667-351-390-984-989
-4?9
-76-298
37765
-81-483
»119
-392-673
IKS.privateassets
-5,144-5,235-4,623-5,986-8,050-5,336-6,347-7,386-7,833-8,206
-10,229-12940-12,925-20,388-33,643-35,380-44,498-30,717-57202-61,176-73,651
-103,875-116,729-60,222-31,896-38,268
-110,224-89,694
-105,915-151,602-81,729-73,419-77,111
-199,284-181,542-319,949-386,441-464,354-285,605
-149,069-90,590
-112,225-112,470
-59,074-118,089-60,256-48,188
-19,335-155,480-102,760
Foreign-owned assets in the U.S., net[increase/capital inflow (+)]
Total
2,2942,7051,9113,2173,643
7423,6617,3799,928
12,7026,359
22,97021,46118,38835,34117,17038,01853,21967,03640,85262,612
88783117,973146,452230,345249,016246,948225,307142,028111,332171,815283,230307,306467,552574,847751,661502,637
185,303152,767188,126225,466
96,817162,46693547
149,805
88,860274,271207,153
Foreign of-ficial as-
sets2
1,473765
1,2701,9861,660
134-6723,451-774
-1,3016,908
26,87910,4756,026
10,5467,027
17,69336,81633,678
-13,66515,49749603,5935,8453,140
-1,119m39,7588,503
33,9101738940,47771,75339,583
109,880127,39018,119
-21,684
27,524-6,17723,260
-26,488
11,004-10,551-46,489
24,352
4,708-628
12,106
Otherforeignassets
8211,939
6411,2311,983
6074,3333,928
10,70314,002-550
-3,90910,98612,36224,79610,14320,326
m54,51647,11581,27292,98682,938
114,833147,570194,696203,629207,190216,804108,11893,944
131,338211,477267,723357,672447,457733,542524,321
157,779158,944164,866251,954
85,813173,017140,036125,453
84,152274,899195,047
Statisticaldiscrepancy
Total(sum of
theitems
with signreversed)
-1,019-989
-1,124-360-907-457
629-205
438-1,516
-219-9,779-1,879-2,654-2,558
4,4178,955
-4,0999,236
24,34920,88621,79237,22416,63017,05917,24230,524-7,196
-17,53548,92025,454
-46,405-46921
3,157-«,571
-23,683-65,462
-14319210,126
-5,875-30,228-39952-67;i41
5,65710,29131,878
-37,695
-5,224-38,827-15887
Ofwhich:
Seasonaladjust-ment
discrep-ancy
4,724-682
5,915528
-10,5824,144
5,264276
-10,2094 Includes extraordinary U.S. Government transactions with India.5 Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.
423
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-102.—U.S. international trade in goods by principal end-use category, 1965-99[Billions of dollars; quarterly data seasonally adjusted]
Year orquarter
19651966196719681969 . . . .197019711972197319741975197619771978 »19791980198119821983198419851986 .'.'..'.I..!198719881989199019911992199319941995199619971998 I.I!"...'.1997:1
IIIll . .IV
1998-1IIIllIV
1999:1IIl l l />
Exports
Total
26.529.330.733.636.442.543.349.471.498.3
107.1114.7120.8142.1184.4224.3237.0211.2201.8219.9215.9223.3250.2320.2362.1389.3416.9440.4456.8502.4575.8612.1679.7670.2163.0169.9173.4173.4170.7165.2164.3170.1164.3165.9173.6
Agri-cul-turalprod-ucts
6.36.96.56.36.17.47.89.5
18.022.422.223.4
fti35.542.044.137.337.138.429.627.229.838.842.240.240.144.043.747.157.261.558.453.114.514.514.415.114.013.212.313.611.812.312.9
Nonagricultural products
Total
20.222.424.227.330.335.135.539.953.475.984.891.496.5
112.2149.0182.2193.0173.9164.7181.5186.3196.2220.4281.4319.9349.1376.8396.3413.1455.3518.6550.6621.3617.1148.5155.4159.1158.3156.6152.0152.0156.5152.5153.6160.6
Indus-trial
suppliesand
mate-rials
7.68.28.59.6
10.312.310.911.917.026.326.828.429.834.252.265.163.657.752.756.854.859.463.782.691.896.9
101.7101.7105.0112.6
m147.7138.536.037.736.937.036.234.533.734.232.233.235.0
Capitalgoodsexceptauto-
motive
8.18.99.9
11.112.414.715.416.922.030.936.639.139.847.560.276.384.276.571.777.079.382.892.7
119.1138.9152.5166.5176.1182.1205.2233.8253.3295.7300.1
69.573.377.076.075.272.974.877.375.474.979.7
Auto-motive
1.92.42.83.53.93.94.75.56.98.6
10.612.113.415.217.917.419.717.218.522.424.925.127.633.434.936.540.047.052.557.861.865.074.073.217.618.319.119.019.318.117.118.717.918.819.0
Other
2.62.93.03.23.74.34.55.67.6
10.010.811.7
!i!18.723.425.522.421.825.327.228.936.446.354.363.268.671.573.579.887.594.3
103.8105.425.4
26.326.026.526.526.326.926.827.0
Imports
Total
21.525.526.933.035.839.945.655.870.5
103.898.2
124.2151.9176.0212.0249.8265.1247.6268.9332.4338.1368.4409.8447.2477.4498.3491.0536.5589.4668.6749.6803.3876.4917.2212.2217.8222.4224.0225.5228.7229.2233.7238.5250.3265.7
Petro-leumand
prod-ucts
2.02.12.12.42.62.93.74.78.4
26.627.034.645.042.660.479.578.462.055.158.151.434.342.939.650.962.351.751.651.551.356.272.771.850.919.417.717.617.113.613.412.511.510.615.919.6
Nonpetroleum products
Total
19.523.424.830.633.236.941.951.162.177.271.289.7
106.9133.4151.6170.2186.7185.7213.8274.4286.7334.1366.8407.6426.5436.1439.2484.9538.0617.3693.4730.6804.6866.3192.8200.1204.8206.9211.9215.3216.8222.3227.9234.4246.1
Indus-trial
suppliesand
mate-rials
9.110.210.012.011.812.413.816.319.627.824.029.835.740.747.553.056.148.653.766.162.669.970.883.184.582.981.289.0
101.0113.7128.9136.7145.6152.235.937.136.036.537.738.438.637.436.437.340.4
Capitalgoodsexceptauto-motive
1.52.22.52.83.44.04.35.98.39.8
10.212.314.019.324.631.637.138.443.760.461.372.085.1
102.2112.2116.1120.8134.3152.3184.4221.4228.1253.3269.6
59.362.665.565.966.767.367.068.569.872.975.6
Auto-motive
0.91.82.44.04.95.57.48.7
10.312.011.716.218.625.026.628.331.034.343.056.564.978.185.287.987.488.585.791.8
102.4118.3123.8128.9139.8149.135.034.635.434.936.336.336.140.342.943.846.5
Other
8.09.29.9
11.813.015.016.420.223.927.525.331.438.648.452.857.462.464.373.391.497.9
114.2125.7134.4142.5148.6151.5169.8182.3201.0219.3236.8265.9295.5
62.765.867.969.671.273.375.076.078.880.383.6
1 End-use categories beginning 1978 are not strictly comparable with data for earlier periods. See Survey of Current Business, June 1988.Note.—Data are on an international transactions basis and exclude military.In June 1990, end-use categories for goods exports were redefined to include reexports,- beginning with data for 1978, reexports (exports of
foreign goods) are assigned to detailed end-use categories in the same manner as exports of domestic goods.Source: Department of Commerce, Bureau of Economic Analysis.
424
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-103.—US. international trade in goods by area, 1990-99[Billions of dollars]
Item
EXPORTSIndustrial countries
CanadaJapanWestern Europe2
Australia, New Zealand,and South AfricaAustralia
Other countries, exceptEastern EuropeOPEC3
Other4
Eastern Europe2
International organizationsand unallocated
IMPORTSIndustrial countries
CanadaJapan . .Western Europe2
Australia, New Zealand,and South AfricaAustralia
Other countries, exceptEastern EuropeOPEC3
Other4
Eastern Europe2
International organizationsand unallocated
BALANCE (excess ofexports +)Industrial countries
CanadaJapanWestern Europe2
Australia, New Zealand,and South AfricaAustralia
Other countries, exceptEastern EuropeOPEC3
Other4
Eastern Europe2
International organizationsand unallocated
1990
3893253.883547.8
1114
11.28.3
130.612.7
11794.3
64983299.993.1904
109.2
7.344
196.137.0
15912.3
-1090-46.1-96
-42.62.2
3.93.9
-65.5-24.3-41.2
2.1
.6
1991
4169261.385947.2
1168
11.48.3
150.418.4
13204.8
4
4910294.393.0923
102.0
7.041
194.933.4
16151.8
-741-33.0-71
-45.014.8
4.44.2
-44.5-15.0-295
3.0
.4
1992
4404265.191446.9
1145
12.48.7
169.519.7
14985.6
1
5365316.3100.9974
111.4
6.63.7
218.232.4
18582.0
-96.1-51.2-95
-50.53.1
5.85.0
-48.7-12.7-36.0
3.7
.1
1993
4568270.6101246.7
1113
11.58.1
179.818.7
16116.2
25894347.8113.31072120.9
6.433
238.132.6
20543.5
-1326-77.2-122-60.5-9.7
5.24.8
-58.3-14.0-44.3
2.7
.2
1994
502.4295.2114851.8
1153
13.29.6
201.717.1
18465.3
1
6686389.8131.11191132.9
6.73.2
272.931.7
24135.8
-166.2-94.6-163-67.3-17.6
6.66.4
-71.2-14.6-56.6
-.5
.1
1995
5758338.1127663.1
1325
15.010.5
232.018.3
21375.7
7496425.4147.1123.5147.7
7.13.4
317.234.3
28297.0
-173.7-87.3-19.6-60.3-15.2
7.97.1
-85.2-15.9-69.2-1.3
1996
6121355.7135266.0
1380
16.611.7
249.120.2
22897.3
8033443.2158.7115.2161.7
7.73.9
353.242.7
31057.0
-191.3-87.5-23.5-49.2-23.6
8.97.8
-104.1-22.4-81.6
.3
1997
6797386.5152164.6
1530
16.911.9
285.524.2
26137.7
8764476.5170.1121.7175.8
9.04.9
391.444.0
347.48.5
-196.7-90.0-18.0-57.1-22.8
7.97.0
-105.9-19.9-86.1
-.7
1998
6702389.8156856.6
1591
17.211.8
273.123.4
24977.4
917.2501.7175.8121.9194.0
10.15.4
404.533.9
370.610.9
-246.9-112.0-19.0-65.3-34.9
7.26.4
-131.4-10.5
-120.9-3.5
1999 first3 quartersat annual
rate1
671.6396.6164855.9
1604
15.411.1
269.717.0
252.75.4
1,006 0545.1198.0128.2208.7
10.15.3
449.739.2
410.511.2
-334.3-148.5-33.2-72.3-48.3
5.35.8
-180.0-22.1
-157.8-5.8
'Preliminary; seasonally adjusted.2 The former German Democratic Republic (East Germany) included in Western Europe beginning fourth quarter 1990 and in Eastern Europe
prior to that time.3 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador (through 1992), Gabon (through 1994), Indonesia, Iran, Iraq,Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.
4 Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.
Note.—Data are on an international transactions basis and exclude military.Source: Department of Commerce, Bureau of Economic Analysis.
425
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B—104.—U.S. international trade in goods on balance of payments (BOP) and Census basis,and trade in services on BOP basis, 1974-99
[Billions of dollars; monthly data seasonally adjusted]
Year or month
1974197519761977197819791980
19811982198319841985 .""'."""".19861987 . . . .198819891990199119921993199419951996199719981998: Jan
Feb ...MarAprMayJuneJulyAugSeptOctNovDec
1999JanFebMarAprNfayJune .. ..JulyAugSeptOctNov* . ..
Goods: Exports(f.a.s. value)12
Total,BOP
basis3
Census basis (by end-use category)
Total,Censusbasis34
Foods,feeds,
andbev-
ages
Indus-trialsup-pliesandma-
terials
Cap-ital
goodsexceptauto-mo-tive
Auto-mo-tivevehi-cles,parts,anden-
gines
Con-sumergoodsInon-food)
exceptauto-mo-tive
F.a.s. value2
9831071114.7120.814211844224.3
237.0211.2201.8219.9215.9223.3?50.2
362.1389.3416.9440.4456.8502.4575.8612.1
*$57.756.556.455.354.955.054.254.655.557.256.956.055.354.754.355.355.155.555.959.158.958959.5
9941089116.8123.214581864225.6
238.7216.4205.6224.07 218.87 227.2?54.1322.4363.8393.6421.7448.2465.1512.6584.7
689-2
58.457.357.356.055.655.955.155.956.458.458.557.256.255855.456.356,356.756.960.060.159860.2
31.330.931.5?4.022.3?4.332.337.235.135.740.340.642.050.555,551.5464
4,14.24.0
H3.93.73,73.34.0394.03.6363.6373.73.83.83.94,0403.8
61,756.761.758.557.366.785.199.3
104.4109.7109.1111.8121.4146.2147,7158.21483"13,3
12.717.712.412.512.011.91?,112.012.41?511.811.311411.411611,711.711.512.513,113313.9
77767.272.073.975.886.?
109.2138.8152,7166.7175.9181.7205.0233.07530294.5799675324.974.624.174.024.774.974,325.576,175725.525.674974.975175.024.875.727.476,776426.6
15716.820.627.921.774.629.334.837.440.047.057.457.861.865074.073?6.46.46.5
B5.85.159
6.26,36.26.06.05.86?6.16.56.16.76.2fn6.2
14313.413.317.614.217.723.136.443,345.951.454.760.064.470,177.47936.66.56,56.66.56.76.76.76.76.6666.56.66.86.5676.56.56.76.66.9677.0
Goods.- Imports (customs value, except asnoted)5
Total,BOPbasis
Census basis (by end-use category)
Total,Censusbasis4
Foods,feeds,
andbev-
ages
Indus-trialsup-pliesandma-
terials
Cap-ital
goods
auto-mo-tive
Auto-mo-tivevehi-cles,parts,anden-
gines
Con-sumer
ex-8llfA_
tive
F.a.s. value2
103898 2
174?Ill 917607170249.8
103399 3
124.6151.517612103245.3
Customs value
?fiS17476268.9332.4338.1368.4409,8447.7477.4498,3491.0536.5589.4668.6749.6803.3876.4917?
74,974.076,676.277.175.475.276,977.178.778577.178.679,980.080683.086.787.389.389.190792.0
261.0244.0258.0
«330.7«336.5
365.4406.2441.0473.2495.3488.5532.7580.7663.3743.5795.3869.7911.9
74.373.876.175.976.875.174.976.276.577.677.976.878.479.779.880.382.886.487.1
SS90.291.1
17.118.221.071.924.474.824.825.176.626.527.677.931.033.235.739.741?3.33.53.43.43.43.53.53.43.43.43.43.53.53.53.4353.63.83.73.73.7363.7
117,0107.0123.7113.9101.3111.0118.3132.3143.7131.6138.6145.6162.1181.8704.5213.87001
17.116.816.717.317.516.716.616.916.516.516.715.315.515.416.017,018.018.218.719.970.3?0820.8
35,440.959.865.171.884.5
101.4113.3116.4170.7134.3157,4184.4221.4778.1253.3769 fi
?1.9
22 722.122.922.322.322 322.422.973.122.5
t l6
23.073374.725.575.525.174.975R26.2
33340.8
78.285,787.786.187385.791.8
107,4118.3123.8128.9139.81491
11.811.917.612.112.411.811.01?.312.813.013.413.914.014.314.613,714.615.515.515.715.41S115.5
39.744.960.068.379.488.795.9
102.9105.7108.0122.7134.0146.3159.9172.0193.8216.5
17.416.918.018.118.018.118.318.118.318.418.518.418.919418.919.418,919.970.220.270.320.921.2
Services(BOP basis)
Ex-ports
22625528.031.536439747.6
57.464.164.371.273.285.497.6
110.0126.2146.8163.0175.6185.0199.7217.6237.7258.8263.721.621.522.022.722.321.721.721.621.822.422.222.222.622.372.722.822.823.172.923.073.123.423.3
Imports
21422024.627.632236.741.5
45.551.755.067.772.980.190.898.5
102.5117.7118.5116.5122.3131.9141.4150.8166.9181.014.414.714.615.114.915.115.315.215.315.815.315.315.415.716.416.316,416.616.816.917.017.217.4
1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excluded fromtotal exports through 1985 and included beginning 1986.
2 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.3 Includes undocumented exports to Canada through 1988. Beginning 1989, undocumented exports to Canada are included in the appro-
priate end-use category.4 Total includes "other" exports or imports, not shown separately.5 Tot a I arrivals of imported goods other than intransit shipments.6Total includes revisions not reflected in detail.7 Total exports are on a revised statistical month basis; end-use categories are on a statistical month basis.Note.—Goods on a Census basis are adjusted to a BOP basis by the Bureau of Economic Analysis, in line with concepts and definitions
used to prepare international and national accounts. The adjustments are necessary to supplement coverage of Census data, to eliminateduplication of transactions recorded elsewhere in international accounts, and to value transactions according to a standard definition.
Data include trade of the U.S. Virgin Islands.Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis).
426
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-105.—International investment position of the United States at year-end, 1990-98
[Billions of dollars]
Type ofinvestment
NET INTERNATIONAL INVESTMENT POSITION OF THEUNITED STATES:
With direct investment at current costWith direct investment at market value
U.S.-OWNEO ASSETS ABROAD:With direct investment at current costWith direct investment at market value
U S official reserve assetsGold * .Special drawing rights ...Reserve position in the International Monetary
FundForeign currencies
U.S. Government assets, other than official reservesU.S. credits and other long-term assets
Repayable in dollars
U.S. foreign currency holdings and U.S. short-term assets
U.S. private assets:with direct investment at current costWith direct investment at market value .
Direct investment abroad:At current costAt market value
Foreign securitiesBondsCorporate stocks
U.S. claims on unaffiliated foreignersreported by U.S. nonbanking concerns
U.S. claims reported by U.S. banks, not includedelsewhere
FOREIGN-OWNED ASSETS IN THE UNITED STATES:With direct investment at current costWith direct investment at market value
Foreign official assets in the United Statesu S Government securities
U.S. Treasury securitiesOther . .
Other U S Government liabilitiesU.S. liabilities reported by U.S. banks, not in-
cluded elsewhereOther foreign official assets
Other foreign assets in the United States:With direct investment at current costWith direct investment at market value
Direct investment in the United States:At current costAt market value
U S Treasury securitiesU.S currencyU.S. securities other than U.S. Treasury securities
Corporate and other bondsCorporate stocks
U.S. liabilities to unaffiliated foreigners reportedby U S nonbanking concerns
U.S. liabilities reported by U.S. banks, not in-cluded elsewhere
1990
-240.6-166.8
2,150.02,291.7
17471024
11.0
9.1522
82.081.480.013
.6
2*035 1
590.0731.83423144.71976
265.3
695.7
2,390.52;458.6
3733291.2285.9
5317.2
39.9249
2,017.22,085.3
471.653961525
85.9460.6238.9221.7
213.4
633.3
1991
-301.6-263.1
2,254.52,468.4
1592
11.2
9545979.177.576.312
1.6
2,016.122300
613.7827.54558176.82790
256.3
690.4
2,556.12,731.4
3985311.2306.0
5.218.6
38.4303
m493.766911703101.3546.0274.1271.9
208.9
637.2
1992
^21.1-454.6
2,298.62,464.2
14748728.5
118400
80.779.178.011
1.6
2*236 0
633.1798.6515.1200.83143
254.3
668.0
2,719.72,918.8
4373329.3322.6
6720.8
55.0
2,282.52,481.5
497.169621977114.8599.4299.3300.2
220.7
652.7
1993
-295.3-180.4
2,718.43,055.3
16491026
9.0
118415
W78110
1.9
2,472.528093
690.71,027.5
8535309.75439
242.0
686.2
3,013.73,235.7
5094381.7373.1
8.622.1
69.7359
2,504.32,726.3
546.476842215133.7696.4355.8340.6
229.0
677.1
1994
-300.5-174.3
2,956.83,276.1
1634lOO'l
10.0
12041280.177.877.3
5
2.3
2,713.330326
748.51,067.8
9487321.26275
323.0
693.1
3,257.33,450.4
5352407.2396.9
10.323.7
73.4310
2,722.12,915.2
564.7757.92357157.2739.7368.1371.6
239.8
784.9
1995
-500.2-422.6
3,405.83,869.7
17611013
11.0
14649181.178.578.1
4
2.5
3,148.63 612 5
843.31,307.211696
392.87768
367.6
768.1
3,905.94;292.3
6717497.8482.8
15.023.6
107.443.0
3,234.23,620.6
619.41,005.7
3585169.5971.4481.2490.1
300.4
815.0
1996
-578.7-547.5
3,958.54,544.5
160796710.3
15438382.079.679.3
4
2.4
3,715.743017
940.21,526.214680
465.110029
450.0
857.5
4,537.25,092.0
799.0610.5590.7
19.823.3
113.152.2
3,738.24,293.0
674.31,229.1
5026186.8
1,199.5588.0611.4
346.7
828.2
1997
-968.2-1,066.3
4,508.65,288.9
134875.910.0
18.130882.079.679.3
3
2.4
4,291.85,072.1
1,004.21,784.51,739.4
538.412010
562.4
985.8
5,476.86,355.2
835.7614.5589.8
24.721.5
135.464.3
4,641.15,519.4
764.01,642.4
662.2211.6
1,578.7715.2863.5
453.6
971.0
1998
-1,239.2-1,537.5
4,930.95,948.0
146075.310.6
24.136082.480.279.9
3
2.2
4,702.55,719.6
1,123.42,140.51,969.0
561.81 407.1
596.2
1,013.9
6,170.17,485.4
836.1620.2589.0
31.318.3
123.973.5
5,334.06,649.4
878.72,194.1
727.3228.3
2,021.8900.7
1,121.1
460.8
1,017.11 Valued at market price.Note.—For details regarding these data, see Survey of Current Business, July 1999.Source: Department of Commerce, Bureau of Economic Analysis.
427
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-106.—Industrial production and consumer prices, major industrial countries, 1975-99
Year or quarter
19751976197719781979198019811982"'" :'"""..:.:'...:.":'.:'.:198319841985198619871988{gig ::::::"::::199019911992199319941995'1996199719981999'1998- 1
IIIllIV
1999:1IIIIIIV'
1975 .1976 '. '..I.:197719781979...........::19801981 '.. . . .198219831984 .. .19851986198719881989 .... . .1990199119921993199419951996199719981999'1998-1
||IllIV
1999:1IIIIIIV'
UnitedStates Canada Japan European
Union > France Germany2 Italy UnitedKingdom
Industrial production (Index, 1992=100) 3
63.469.374.979.382.079.781.076.779.586.688.089.093.297.499.198.997.0
100.0103.4109.1114.4119.4127.1132.4137.2130.9131.9132.8133.9134.6136.1137.7139.9
71.676.278.982.286.283.584.077.481.491.796.696.0
100.2106.3105.8102.998.9
100.0104.5111.3116.3118.3124.8127.7
127.3127.4127.0129.0130.3131.5135.1
51.156.759.062.867.470.571.271.473.880.683.683.586.494.599.9
104.1106.1100.096.597.7
100.9103.2107.099.9
103.299.099.198.498.998.1
101.8
72.677.079.080.083.884.282.881.782.484.386.988.7
tt98.4
101.6101.3100.096.5
101.4104.8105.2109.3113.1
112.8113.5114.0113.2113.1113.8115.2
75.782.483.785.689.491.390.5
IIIas91.993.197.3
100.9102.4101.2100.096.1
100.0102.0102.2106.2110.9
109.8111.4111.1111.3110.8112.0114.5
68.875.176.578.682.482.981.378.779.281.685.587.087.490.595.199.9
102.3100.092.495.696.897.4
100.8105.0
105.3105.4106.0104.4104.5105.5107.3
64.672.773.574.979.984.382.479.978.180.680.784.086.292.195.7
101.7101.3100.0
97.9103.9109.2107.1111.1112.3
113.4114.0113.4111.9112.0111.3113.2
77.480.084.186.589.984.081.3
||92:996.6
101.3103.4103.199.7
100.0102.2107.7109.5110.7111.8112.6
111.8113.0113.0112.2111.6112.4113.8
Consumer prices (Index, 1982-84=100)
53.856.960.665.272.682.490.996.599.6
103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9160.5163.0166.6161.9162.8163.4164.0164.6166.2167.2168.3
50.153.958.163.369.276.185.694.9
100.4104.7109.0113.5118.4123.2129.3135.5143.1145.3147.9148.2151.4153.8156.3157.8160.5157.3157.8158.0158.2158.6160.3161.4161.9
65.972.278.181.484.490.9
Is5:!99.8
102.1104.1104.8104.8105.6108.1111.4115.0116.9118.4119.3119.1119.3121.4122.1
121.7122.3121.6122.8121.6122.1121.6
43.748.854.759.565.774.583.492.4
100.1107.4114.1118.2122.1126.7133.2140.9148.2154.9160.5165.4170.6174.8178.4181.5
180.3181.6182.0182.1182.3183.7184.2
43.948.152.657.563.672.281.891.7
100.3108.0114.3117.2121.1124.3128.7132.9137.2140.4143.4145.8148.4151.4153.2154.2155.0153.8154.6154.2154.1154.2155.1155.0155.7
71.174.276.979.082.286.792.297.1
100.3102.7104.8104.7104.9106.3109.2112.2116.2122.1127.6131.1133.3135.2137.8139.1139.9138.7139.1139.5139.0139.0139.8140.4140.3
28.833.640.145.152.163.275.487.7
100.8111.5121.1128.5134.4141.1150.4159.6169.8178.8186.4193.7204.1212.0215.9219.8223.4218.6219.7220.2221.0221.6223.0223.9225.3
40.246.854.258.766.678.587.995.499.8
104.8111.1114.9119.7125.6135.3148.2156.9162.7165.3169.4175.1179.4185.0191.4194.3188.2191.7192.3193.2192.4194.4194.6196.0
'Consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain,Sweden, and United Kingdom.2 Prior to 1991 data are for West Germany only.3 All data exclude construction. Quarterly data are seasonally adjusted.
Sources: National sources as reported by Department of Commerce (International Trade Administration, Office of Trade and EconomicAnalysis), Department of Labor (Bureau of Labor Statistics), and Board of Governors of the Federal Reserve System.
428
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-107.—Civilian unemployment rate, and hourly compensation, major industrial countries,
1975-99[Quarterly data seasonally adjusted]
Year or quarter
19751976197719781979 .
1980198119821983 ": : ™3i7!"/:/™'ir.1984198519861987198819891990 .19911992199319941995199619971998 •;••;••;•-;";•; :::::.:::.:::.:..::::.::;;:;:.::;::.::::;19991998- 1
||IllIV
1999- 1||IllIV
1975197619771978197919801981198219831984198519861987 . . .19881989199019911992199319941995199619971998
UnitedStates Canada Japan France Ger-
many1 Italy UnitedKingdom
Civilian unemployment rate (Percent)2
»7.16.15.87.17.69.79.67.57.2
85.55.3
3 5.66.87.56.93 6.15.65.44.94.54.24.74.44.54.44.34.34.24.1
6.97.28.18.47.57.57.6
11.011.911.310.59.68.97.87.58.1
10.411.311.210.49.59.79.28.3
8.68.48.38.07.88.07.6
1.92.0a2.12.02.22.42.72.82.62.82.92.52.32.12.12.22.52.93.23.43.44.1
3.74.24.34.44.74.84.8
4.24.65.25.46.16.57.6
ii10.010.510.610.810.39.69.19.63 10.4
11.812.311.812.512.411.7
12.011.711.711.511.311.211.1
3.43.4
H2.92.84.05.63 6.97.17.2
B6.35.75.03 5.66.77.98.58.28.99.99.4
9.99.59.19.19.09.09.1
3.43.94.14.14.44.44.95.4
H6.03 7.57.97.97.87.03 6.97.33 10.2
11.312.012.112.312.3
12.212.312.412.412.312.1
4.65.96.46.35.47.0
10.511.311.811.711.211.210.38.67.26.98.8
10.110.59.78.78.27.06.3
6.46.36.36.36.36.15.9
Manufacturing hourly compensation in U.S. dollars (Index, 1992=100)4
35.538.441.845.249.655.661.167.068.871.275.178.580.784.086.690.895.6
100.0102.7105.6107.9109.3113.4119.4
34.640.842.042.144.549.253.758.662.561.7
ft68.676.484.192.799.9
100.093.388.891.291.193.190.3
17.518.823.031.532.032.836.133.536.137.238.557.368.378.477.379.390.3
100.0119.3132.4147.7129.3119.5111.3
26.327.029.836.744.051.146.045.143.040.742.957.969.272.571.488.090.2
100.096.0
100.2114.3113.2101.9102.3
23.124.328.835.842.046.139.338.838.636.337.252.466.070.469.186.489.4
100.0100.0107.6128.3128.4114.0113.3
22.121.624.028.835.640.536.936.538.137.839.152.163.365.568.186.892.9
100.084.282.485.395.591.188.5
19.017.919.625.133.043.744.142.039.037.239.047.860.268.367.781.790.5
100.088.792.395.995.6
104.6111.9
1 For unemployment rate, data beginning 1991 are for unified Germany; for prior years, data are for West Germany. For manufacturinghourly compensation, data are for West Germany only.2 Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France and Germany should be viewed as less precise indi-cators of unemployment under U.S. concepts than the annual data.3 There are breaks in the series for Germany (1983 and 1991), France (1992), Italy (1986,1991, and 1993), and United States (1990 and1994). Based on the prior series, the rate for Germany was 7.2 percent in 1983, and 4.3 percent in 1991 for West Germany only, the rate forFrance was 10.5 in 1992,11.9 in 1993,12.7 in 1994 and 12.3 in 1995, and the rate for Italy was 6.3 percent in 1986 and 6.6 in 1991. Thebreak in 1993 raised Italy's rate by approximately 1 percentage point. For details on break in series in 1990 and 1994 for United States, seefootnote 5, Table B-33.4 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States, Canada, Japan, France, Germany, and United Kingdom, and to ail employees (wage and salary earners) inItaly. For Canada, France and United Kingdom, compensation adjusted to include changes in employment taxes that are not compensation toemployees, but are labor costs to employers.
Source: Department of Labor, Bureau of Labor Statistics.
429
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TABLE B-108.—Foreign exchange rates, 1979-99[Currency units per U.S. dollar, except as noted; certified noon buying rates in New York]
1.23441.23251.21.31.38961.32591.23061.18421.16681.14601.20851.29021.36641.37251.36381.38491.4836
Period Belgium(franc)1 France
(franc)1 Germany(mark)1 Italy
(lira)1
Nether-lands(guild-er)1
Japan(yen)
Sweden(krona)
Switzer-land
(franc)
UnitedKingdom(pound)2
March 1973 . 39.408 4.5156 2.8132 568.17 2.8714 261.90 4.4294 3.2171 2.4724
29.34229.23837.19545.78151.12257.75259.33744.66437.35836.78539.40933.42434.19532.14834.58133.42629.47230.970
fiffi
4.25674.22515.43976.57947.6204
6.92576.01225.95956.38025.44675.64685.29355.66695.54594.98645.11585.83935.8995
1.83431.81752.26322.42812.55392.84552.94202.17051.79811.7570
1.61661.66101.56181.65451.62161.43211.50491.73481.7597
831.11856.21
1138.581354.001519.321756.111908.881491.161297.031302.391372.281198.271241.281232.171573.411611.491629.451542.761703.811736.85
2.00731.98752.49992.67192.85443.20853.31852.44852.02641.97782.12191.82151.87201.75871.85851.81901.60441.68631.95251.9837
37.55837.02236.34834.309
6.09576.01625.90915.5758
1.81901.79441.76231.6630
1792.041770.031739.181645.88
2.05052.02181.98741.8749
1.12041.05671.04931.0368
219.02226.63220.63249.06237.55237.46238.47168.35144.60128.17138.07145.00134.59126.78111.08102.1893.96
108.78121.06130.99113.73128.23135.68140.01119.40116.67120.80113.15104.31
4.28934.23105.06606.28397.67188.27088.60327.12736.34696.13706.45595.92316.05215.82587.79567.71617.14066.70827.64467.95228.27408.01727.81818.00117.97538.0098
8.3404
1.66441.67721.96752.03192.10072.35002.45521.79791.49181.46431.63691.39011.43561.40641.47811.36671.18121.23611.45141.45061.50451.47671.49341.47031.36021.42881.51431.52741.5447
2.12242.32462.02431.74801.51591.33681.29741.46771.63981.78131.63821.78411.76741.76631.50161.53191.57851.56071.63761.65731.61721.64651.65411.65311.67581.63211.60611.60191.6295
Trade-weighted value of the U.S. dollar
Nominal
G-10 index(March
1973=100)3
1979198019811992198319841985198619871988198919901991
1994 '.I.199519961997199819991998:1 .
88.187.4103.4116.6125.3138.2143.0112.296.992.798.689.189.886.693.291.384.287.396.498.8
100.3100.3100.294.5
1999:1 ...II .IllIV
Broad index(January
1997=100)«
33.534.638.244.349.856.763.8
58!864.870.073.276.082.990.592.597.4
104.4116.5116.9115.3115.9119.2115.5116.7117.6117.1116.0
Major cur-rencies index
(March1973=100)*
94.994.8
103.6114.2118.1125.8130.5107.294.888.291.987.986.484.987.185.680.884.691.295.894.195.396.698.293.0
SiIB
OITP index(January
1997=100)6
3.74.04.65.87.7
10.013.416.619.923.929.440.046.753.163.681.192.698.3
104.7126.0129.9124.1123.2128.6128.3130.8129.2129.7130.1
Real7
Broad index(March
1973=100)*
87.089.195.5
104.7108.7115.5120.7106.097.691.192.590.188.686.887.787.384.886.791.399.398.799.199.1
101.697.698.399.499.2
Major cur-rencies index
(March1973=100)5
90.9100.0108.4109.9117.2121.198.888.483.387.484.382.681.5
8279.985.092.397.396.796.597.8
100.094.795.698.197.495.8
OITP index(March
1973=100)6
84.585.187.097.4
105.7111.8119.6m105.0104.1100.998.498.197.494.795.9
108.5107.7108.9
W107.8108.1107.5107.9107.2
1 European Economic and Monetary Union members include Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Nether-lands, Portugal, and Spain.
2 Value is U.S. dollars.3 G-10 comprises the countries shown in this table. Discontinued after December 1998.4The broad index is a weighted average of the foreign exchange value of the dollar against the currencies of a broad group of U.S. tradingpartners.5 Subset of the broad index. Includes currencies of the euro area (see footnote 1), Australia, Canada, Japan, Sweden, Switzerland, and theUnited Kingdom.
6Subset of the broad index. Includes other important U.S. trading partners (OITP) whose currencies are not heavily traded outside theirhome markets.7 Adjusted for changes in the consumer price index.
Source.- Board of Governors of the Federal Reserve System.
430
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
TABLE B-109.—International reserves, selected years, 1952-99[Millions of SDRs-, end of period]
Af63 dnd country
A l l countries . . . .Industrial countries1
United StatesCanadaEuro area1
AustriaBelgiumFinlandFranceGermanyIrelandItalyNetherlandsPortugalSpain
Australiajapan . . .New ZealandDenmarkGreeceIcelandNorwaySwedenSwitzerlandUnited Kingdom . . . .
Developing countries- Total 2
By area:AfricaAsia2
EuropeMiddle EastWestern Hemisphere
Memo-.Oil-exporting countriesNon-oil developing countries2
1952
49 38839,28024714l!944
1161133
132686960318722953603134920
1,101183150948
164504
1667l'9569648
17863,793
2691,1832,616
1,6997,949
1962
6285153,502172202'561
10811753'237
40496958
35940681943'680
104511682021
25125628732
30480?
2919
9349
21102*.772
38118052,282
20307,319
1972
146 658113,36212112
5^572
25053*564
6649224
2l'9081,038560544072*.12946185656
16*916767787950
7812201*45369615*201
33295
39628,13026809*.4369,089
9,95623,339
1982
361 239214,025299183*439
55444*7571,420
1785043*9092,390
1510810*7231,17974506053
22,001577
2111916133
62733*397
1693011*904
147 213
773744*.4905359
64*03925,563
67,10880,105
1992
752 566424,229
529958*.662
9703109143*,862
2252269*4892,514
224381749214*,474336408429
52*9372,23980903,*606
3648725
16*6672710027*300
328 337
13044190*,363160064414964,774
46,144282,193
1997
1 284 101603,3325281713*317
1490312*5356,294
2578860*8354,849
4364419*37612!l695124112575
163*641
14*2339*.462
286173858! 188
3184024*.596
680 768
29042384,420
7291468*465
125,927
63,751617,017
1998
1 279 543581 0815937916'640
2266113*3106,955
3505456*7376!690
2414416*395ll]9423992911032
153*8782,986
1091612*.526
3051325610*1783216923'682
698 463
30365413,058
7260870059
114,362
67,471630,991
199
Oct
1 308 401560 152
19060197 568113978*2445,738
31424475193,667
189968*3346*765
2483613769
197',2772,849
1686514,024
34713258ll',24828797
748 248
31528458,622
7737769*,982
110,739
70,549677,699
9
Nov
20,778
15293198,564
1665513,438
1369613,22728203
1 Includes data for Luxembourg.2 Includes data for Taiwan Province of China.Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights (SDRs),serve positions in the International Monetary Fund, and foreign exchange.U.S. dollars per SDR (end of period) are: 1952 and 1962—1.00000; 1972—1.08571; 1982—1.10311; 1992—1.37500; 1997—1.3493;
reserve
1998—1.4080; October 1999—1.3807; and November 1999—1.3696.Source.- International Monetary Fund, International Financial Statistics.
431
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TABLE B-110.—Growth rates in real gross domestic product, 1981-99[Percent change at annual rate]
Area and country
WorldAdvanced economies
Major industrial countriesUnited States2
japanGermany3
FranceItalyUnited Kingdom4
Canada
Other advanced economiesDeveloping countries
AfricaAsiaMiddle East and EuropeWestern Hemisphere
Countries in transition
Central and eastern EuropeRussiaTranscaucasus and central Asia ..
1981-90
3.4
3.12.92940232.422272.83.7422.56.92.81.62.2
1991
1.81.2.8
_ 9385.0.8
14-1.5-1.9
2.94.91.86.62.73.9
-7.6
-9.9-54-7.0
1992
2.5
2.01.82 710221.2
g
.9
2.567
29.57.13.3
-13.8-8.5
-194-14.4
1993
2.7
1.31.123
3-1 1-1.3-9232.3
2.065
79.33.93.9
-7.1
-3.7-104
-9.6
1994
4.03.22.835
6232.822444.7
4.56.8249.6
.74.9
-7.1
-2.9-116-10.4
1995
3.8
2.62.22315172.1292.82.8
4.36.1
3.09.13.71.5
-.51.6
-24-4.4
1996
4.33.23.03450
81.6
92.61.7
3.96.6598.24.73.6-316
-341.6
1997
4.2
3.22.939141.82.315354.0
4.25.83.16.64.55.32.2
3.09
2.5
1998
2.5
2.22.239
-28233.2132.23.12.13.23.43.73.22.2-.2
2.2-46
2.2
1999 »
3.0
282.63710142.512113.6
3.535315.31.8
8
10
2.01 All figures are forecasts as published by the International Monetary Fund.2 Data for United States as published in the National Income and Product Account benchmark revisions released by the Department of
Commerce in October 1999 show the following real GDP growth rates: for the 1981-80 period, 3.2 percent (annual rate); for 1991, -.2 per-cent; for 1992, 3.3 percent: for 1993,2.4 percent; for 1994, 4.0 percent; for 1995, 2.7 percent; for 1996, 3.7 percent; for 1997, 4.5 percent;and for 1998. 4.3 percent. The preliminary estimate released by the Department of Commerce for 1999 is 4.0 percent.3 Through 1991 data are for West Germany only.
4 Average of expenditure, income, and output estimates of GDP at market prices.Sources: Department of Commerce (Bureau of Economic Analysis) and International Monetary Fund.
432
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis