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31083_1975-1979

31083_1975-1979

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A52 Domestic Nonfinancial Statistics • J anuary 1977

2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars; quarterly data are at seasonally adjusted annual rates. Exceptions noted
1975 1976
1973 1974 1975
Account
1973 1974
Q2
Q 3
Q4 Q 1
Q2 Q3
Gross national product
1 1, 306. 6 1, 413. 2 1, 516. 3 1, 482. 3 1, 548. 7 1, 588. 2 1, 636. 2 1, 675. 2 1, 708. 9
?,
By source:
Personal consumption expenditures 809.9 887.5 973.2 960.3 987.3 1,012.0 1,043.6 1,064.7 1,088.5
3 Durable goods 123.7 121.6 131.7 127.0 136.0 141.8 151.4 155.0 157.6
4 Nondurable goods 333.8 376.2 409.1 405.8 414.6 421.6 429.1 434.8 441.8
5 Services 352.3 389.6 432.4 427.4 436.7 448.6 463.2 474.9 489.1
6 Gross private domestic investment 220.0 215.0 183.7 164.4 197.7 201.4 229.6 239.2 247.0
7 Fixed investment 202.1 204.3 198.3 194.3 198.6 205.7 214.7 223.2 231.9
8 Nonresidential 136.0 149.2 147.1 145.8 146.1 148.7 153.4 157.9 163.0
9 Structures 49.0 54.1 52.0 51.2 51.8 52.1 53. 2 54.9 56. 0
10 Producers' durable equipment 87.0 95.1 95.1 94.6 94.2 96.6 100.2 103.0 107.0
11 Residential structures 66.1 55.1 51.2 48.6 52.6 57.0 61.3 65.3 68.9
12 Nonfarm 64.3 52.7 49.0 46.7 50.2 54. 2 58.6 62.9 66.3
N Change in business inventories 17.9 10.7 - 1 4 . 6 - 3 0 . 0 - 2 . 0 - 4 . 3 14.8 16.0 15.1
14 Nonfarm 14.7 12.2 - 1 7 . 6 - 3 1 . 2 - 4 . 2 - 9 . 5 12.7 17.3 15.6
15 Net exports of goods and services 7.1 7.5 20.5 24.4 21.4 21.0 8.4 9.3 3.4
16 Exports 101.6 144.4 148.1 142.9 148.2 153.7 154.1 160.3 166.3
17 Imports 94. 4 136.9 127.6 118.5 126.8 132.7 145.7 151.0 162.9
18 Govt, purchases of goods and services 269.5 303.3 339.0 333.2 343.2 353.8 354.7 362.0 369.6
19 Federal 102.2 111.6 124.4 122.4 124.6 130.4 129.2 131.2 134.5
20 State and local 167.3 191.6 214.5 210.9 218.6 223.4 225.5 230.9 235.0
21
By major type of product:
Final sales, total 1,288.6 1,402.5 1,531.0 1,512.3 1,550.6 1,592.5 1, 621. 4 1,659.2 1,693.3
22 Goods, total 598.8 639.7 681.7 661.0 703.5 719.7 742.3 758.4 766.1
23 Durable goods 240.5 247.2 254.4 248.5 265.0 270.0 282.7 301.2 308.2
24 Nondurable 358.3 392.4 427.3 412.5 438.4 449.7 459.6 457.1 457.9
25 Services 560.5 626.6 692.5 684.2 700.2 719.5 742.6 759.6 780.1
26 Structures 147.2 146.9 142.1 137.1 145.0 149.1 151.3 157.3 162.2
27 Change in business inventories 17.9 10.7 - 1 4 . 6 - 3 0 . 0 - 2 . 0 - 4 . 3 14.8 16.0 15.1
28 Durable goods 240.5 247.2 254.4 248.5 265.0 270.0 282.7 301.2 308.2
29 Nondurable goods 358.3 392.4 427.3 412.5 438.4 449.7 459.6 457.1 457.9
30 MEMO: Total GNP in 1972 dollars 1, 235. 0 1, 214. 0 1, 191. 7 1, 177. 1 1, 209. 3 1, 219. 2 1, 246. 3 1, 260. 0 1, 271. 7
National income
31 1, 064. 6 1, 135. 7 1, 207. 6 1, 182. 7 1, 233. 4 1, 264. 6 1, 304. 7 1, 337. 4 1, 362. 5
32 Compensation of employees 799.2 875.8 928.8 912.9 935.2 963.1 994.4 1,017.2 1,037.5
33 Wages and salaries 701.2 764.5 806.7 792.8 811.7 836.4 861.5 881.1 897.8
34 Government and Government enterprises.. 148.6 160.4 175.8 173.8 177.3 182.2 185.4 188.7 191.7
35 Other 552.6 604.1 630.8 619.0 634.4 654.1 676.1 692.4 706.1
36 Supplement to wages and salaries 98.0 111.3 122.1 120.1 123.5 126.7 132.9 136.2 139.6
37 Employer contributions for social
61.6 65.9 67.1 68.6
insurance 49.3 55.8 59.7 58.7 60.2 61.6 65.9 67.1 68.6
38 Other labor income 48.7 55.5 62.5 61. 4 63.3 65. 2 67.1 69.0 71.1
39 Proprietors' income
1
92.4 86.9 90.2 86.8 95.5 97.2 93.2 100.3 96.1
40 Business and professional
1
60.4 61.1 65.3 62.7 66.3 69.0 71.4 72.8 74.4
41 Farm
1
32.0 25.8 24.9 24.1 29.2 28.3 21.9 27.5 21.7
42 Rental income of persons 31.3 33.3 37.0 36.6 37.3 38.4 39.6 39.6 40.6
43 Corporate profits
1
99.1 84.8 91.6 86.6 105.3 105.6 115.1 116.4 122.0
44 Profits before tax
2
115.8 127.6 114.5 105.8 126.9 131.3 141.1 146.2 150.2
45 Inventory valuation adjustment - 1 8 . 6 - 3 9 . 8 - 1 1 . 4 - 7 . 8 - 9 . 0 - 1 2 . 3 - 11. 5 - 1 4 . 4 - 1 2 . 6
46 Capital consumption adjustment 1.9 - 3 . 0 - 11. 5 - 1 1 . 4 - 1 2 . 6 - 1 3 . 5 - 14. 5 - 1 5 . 4 - 1 5 . 7
47 Net interest 52. 3 67.1 74.6 74. 0 74.9 75.8 78.6 80.3 83.5
1
With inventory valuation and capital consumption adjustments. SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
2
For after-tax profits, dividends, etc., see Table 1.50.
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
January 1977
A52 Domestic Nonfinancial Statistics • February 1977
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars; quarterly data are at seasonally adjusted annual rates. Exceptions noted
1 Total
By source:
2 Personal consumption expenditures...
3 Durable goods
4 Nondurable goods
5 Services
6 Gross private domestic investment. . .
7 Fixed investment
8 Nonresidential
9 Structures
10 Producers' durable equipment
11 Residential structures
12 Nonfarm
13 Change in business inventories. . .
14 Nonfarm
15 Net exports of goods and services... .
16 Exports
17 Imports
18 Govt, purchases of goods and services.
19 Federal
20 State and local
By major type of product:
21 Final sales, total
22 Goods, total
23 Durable goods
24 Nondurable
25 Services [[[
26 Structures ' . '
27 Change in business inventories
28 Durable goods
29 Nondurable goods
MEMO:
30 Total GNP in 1972 dollars
31 Total
32 Compensation of employees
33 Wages and salaries
34 Government and Government enterprises
35 Other
36 Supplement to wages and salaries
37 Employer contributions for social
insurance
38 Other labor income . . . . . . ! ! .
39 Proprietors' income
1
40 Business and professional
1
! ! ! ! ! ! ! ! !
41 Farm* !.'.".!!!'.'.
42 Rental income of persons
2
43 Corporate profits
1
44 Profits before tax 3
45 Inventory valuation adjustment... ! . . . . . ! .
46 Capital consumption adjustment
47 Net interest
National income
1974 1975 1976P
1975 1976
Q3 Q4
Ql Q2 Q3 Q4p
Gross national product
1,413.2 1,516.3 1,692.4 1,548.7 1,588.2 1, 636. 2 1, 675. 2 1,708.9 1,748.5
887.5
121.6
376.2
389.6
973.2
131.7
409.1
432.4
1,078.6
156.3
440.3
482.0
987.3
136.0
414.6
436.7
1,012.0
141.8
421.6
448.6
1,043.6
151.4
429.1
463.2
1,064.7
155.0
434.8
474.9
1,088.5
157.6
441.8
489.1
1,117.5
161.2
455.5
500.8
215.0
204.3
149.2
54.1
95.1
55.1
52.7
183.7
198.3
147.1
52.0
95.1
51.2
49.0
241.2
227.7
160.0
55.4
104.5
67.8
65.1
197.7
198.6
146.1
51.8
94.2
52.6
50.2
201.4
205.7
148.7
52.1
96.6
57.0
54.2
229.6
214.7
153.4
53. 2
100.2
61.3
58.6
239.2
223.2
157.9
54.9
103.0
65.3
62.9
247.0
231.9
163.0
56. 0
107.0
68.9
66.3
249.0
241.1
165.5
57.5
108.0
75.6
72.7
10.7
12.2
- 1 4 . 6
- 1 7 . 6
13.5
13.6
- 2 . 0
- 4 . 2
- 4 . 3
- 9 . 5
14.8
12.7
16.0
17.3
15.1
15.6
7. 9
8.9
7.5
144.4
136.9
20.5
148.1
127.6
6.9
161.9
155.1
21.4
148.2
126.8
21.0
153.7
132.7
8.4
154.1
145.7
9.3
160.3
151.0
"4.7
'167.7
"163.0
5.2
165.6
160.4
303.3
111.6
191.6
339.0
124.4
214.5
365.8
133.4
232.3
343.2
124.6
218.6
353.8
130.4
223.4
354.7
129.2
225.5
362.0
131.2
230.9
369.6
134.5
235.0
376.8
138.9
238.0
1,402.5
639.7
247.2
392.4
626.6
146.9
1,531.0
681.7
254.4
427.3
1
692.5
142.1
1,679.0
761.5
301.7
459.8
771.3
159.7
1,550.6
703.5
265.0
438.4
700.2
145.0
1,592.5
719.7
270.0
449.7
719.5
149.1
1,621.4
742.3
282.7
459.6
742.6
151.3
1,659.2
758.4
301.2
457.1
759.6
157.3
r
l , 694. 7
766.1
308.2
457.9
"781.5
162.2
1,742.6
779.2
314.8
464.1
801.4
168.0
10.7
7.1
3.6
- 1 4 . 6
- 1 2 . 1
- 2 . 6
13.5
4. 3
9. 2
- 2 . 0
- 7 . 0
5. 0
- 4 . 3
- 1 0 . 6
6.3
14.8
- 3 . 6
18.5
16.0
5.4
10.6
15.1
6. 8
8.3
7.9
8.5
- . 5
1,214.0 1,191.7 1,265.0 1, 209. 3 1,219.2 1, 246. 3 1, 260. 0
r
l , 272. 2 1,281.5
1,135.7 1,207.6 1,349.4 1, 233. 4 1,264.6 1,304.7 1,337.4 1,362.5
875.8 928.8 1,028.4 935.2 963.1 994.4 1,017.2 1,037.5 1,064.5
764.5 806.7 890.4 811.7 836.4 861.5 881.1 897.8 921.0
160.4 175.8 190.7 177.3 182.2 185.4 188.7 191.7 197.0
604.1 630.8 699.7 634.4 654.1 676.1 692.4 706.1 724.0
111.3 122.1 138.0 123.5 126.7 132.9 136.2 139.6 143.5
55.8 59.7 67.9 60.2 61.6 65.9 67.1 68.6 70.2
55.5 62.5 70.1 63.3 65. 2 67.1 69.0 71.1 73.3
86.9 90.2 96.7 95.5 97.2 93.2 100.3 96.1 97.1
61.1 65.3 73.8 66.3 69.0 71.4 72.8 74.4 76.8
25.8 24.9 22.8 29.2 28.3 21.9 27.5 21.7 20.3
r
21.0
r
22.4
r
23.5
r
22.1 "22.9 "23.3 '23.1 "23.4 24.3
84.8 91.6 118.1 105.3 105.6 115.1 116.4 122.0
127.6 114.5 148.8 126.9 131.3 141.1 146.2 150.2
- 3 9 . 8 - 1 1 . 4 - 1 4 . 6 - 9 . 0 - 1 2 . 3 - 1 1 . 5 - 1 4 . 4 - 1 2 . 6 - 2 0 . 0
- 3 . 0 - 11. 5 - 1 5 . 5 - 1 2 . 6 - 1 3 . 5 - 1 4 . 5 - 1 5 . 4 - 1 5 . 7 - 1 6 . 4
67.1 74.6 82.1 74.9 75.8 78.6 80.3 83.5 86.0
1
With inventory valuation and capital consumption adjustments.
2
With capital consumption adjustments.
3
For after-tax profits, dividends, etc., see Table 1.50.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
February 1977
A52 Domestic Nonfinancial Statistics □ March 1977
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars; quarterly data are at seasonally adjusted annual rates. Exceptions noted
Account 1974 1975 1976
1975 1976
Q3 Q4 Ql
Q2
Q3
1 Q4
Gross national product
1 1,413.2 1,516.3 rl,691.4 1,548.7 1,588.2 1,636.2 1,675.2 1,708.9 1,744.3
By source:
2 Personal consumption expenditures................... 887.5 973.2 1,079.7 987.3 1,012.0 1,043.6 1,064.7 1,088.5 1,122.0
3 Durable goods.............................................. 121.6 131.7 156.5 136.0 141.8 151.4 155.0 157.6 162.0
4 Nondurable goods........................................ 376.2 409.1 440.4 414.6 421.6 429.1 434.8 441.8 456.0
5 Services.......................................................... 389.6 432.4 482.8 436.7 448.6 463.2 474.9 489.1 504.0
6 Gross private domestic investment.................... 215.0 183.7 239.6 197.7 201.4 229.6 239.2 247.0 242.8
7 Fixed investment........................................... 204.3 198.3 227.7 198.6 205.7 214.7 223.2 231.9 241.0
8 Nonresidential............................................ 149.2 147.1 160.0 146.1 148.7 153.4 157.9 163.0 165.6
9 Structures............................................... 54.1 52.0 55.3 51.8 52.1 53.2 54.9 56.0 57.0
10 Producers’ durable equipment.............. 95.1 95.1 104.7 94.2 96.6 100.2 103.0 107.0 108.6
11 Residential structures............................... 55.1 51.2 67.7 52.6 57.0 61.3 65.3 68.9 75.5
12 Nonfarm................................................ 52.7 49.0 65.1 50.2 54.2 58.6 62.9 66.3 72.7
13 Change in business inventories.................... 10.7 -14.6 11.9 -2.0 -4.3 14.8 16.0 15.1 1.7
14 Nonfarm.................................................... 12.2 -17.6 11.9 -4.2 -9.5 12.7 17.3 15.6 2.2
15 Net exports of goods and services..................... 7.5 20.5 6.4 21.4 21.0 8.4 9.3 4.7 3.3
16 Exports.......................................................... 144.4 148.1 162.7 148.2 153.7 154.1 160.3 167.7 168.6
17 Imports.......................................................... 136.9 127.6 156.3 126.8 132.7 145.7 151.0 163.0 165.3
18 Govt, purchases of goods and services.............. 303.3 339.0 365.6 343.2 353.8 354.7 362.0 369.6 376.2
19 Federal........................................................... 111.6 124.4 133.4 124.6 130.4 129.2 131.2 134.5 138.9
20 State and local.............................................. 191.6 214.5 232.2 218.6 223.4 225.5 230.9 235.0 237.4
By major type of product:
21 Final sales, total................................................ 1,402.5 1,531.0 1,679.5 1,550.6 1,592.5 1,621.4 1,659.2 1,694.7 1,742.6
22 Goods............................................................. 639.7 681.7 760.2 703.5 719.7 742.3 758.4 766.1 774.3
23 Durable goods........................................... 247.2 254.4 300.5 265.0 270.0 282.7 301.2 308.2 309.8
24 Nondurable................................................ 392.4 427.3 459.8 438.4 449.7 459.6 457.1 457.9 464.5
25 Services.......................................................... 626.6 692.5 771.8 700.2 719.5 742.6 759.6 781.5 803.5
26 Structures...................................................... 146.9 142.1 159.3 145.0 149.1 151.3 157.3 162.2 166.5
27 Change in business inventories........................ 10.7 -14.6 11.9 - 2.0 -4.3 14.8 16.0 15.1 1.7
28 Durable goods............................................... 7.1 -12.1 2.7 - 7.0 -10.6 - 3.6 5.4 6.8 2.0
29 Nondurable goods........................................ 3.6 - 2.6 9.2 5.0 6.3 18.5 10.6 8.3 - .3
M emo :
30 Total GNP in 1972 dollars................................. 1,214.0 1,191.7 1,264.6 1,209.3 1,219.2 1,246.3 1,260.0 1,272.2 1,279.9
National income
Total ................. ...............................................
1,135.7 1,207.6 rl,348.4 1,233.4 1,264.6 1,304.7 1,337.4 1,362.5
32 Compensation of employees................................ 875.8 928.8 1,028.4 935.2 963.1 994.4 1,017.2 1,037.5 1,064.5
33 Wages and salaries.................................................... 764.5 806.7 890.4 811.7 836.4 861.5 881.1 897.8 921.0
34 Government and Government enterprises.. 160.4 175.8 190.7 177.3 182.2 185.4 188.7 191.7 197.0
35 Other.............................................................. 604.1 630.8 699.7 634.4 654.1 676.1 692.4 706.1 '723.9
36 Supplement to wages and salaries..................... 111.3 122.1 138.0 123.5 126.7 132.9 136.2 139.6 143.5
37 Employer contributions for social
insurance................................................ 55.8 59.7 67.9 60.2 61.6 65.9 67.1 68.6 70.2
38 Other labor income....................................... 55.5 62.5 70.1 63.3 65.2 67.1 69.0 71.1 73.3
39 Proprietors' income1.............................................. 86.9 90.2 96.7 95.5 97.2 93.2 100.3 96.1 97.1
40 Business and professional1............................... 61.1 65.3 73.8 66.3 69.0 71.4 72.8 74.4 76.8
41 Farm1................................................................ 25.8 24.9 22.8 29.2 28.3 21.9 27.5 21.7 20.3
42 Rental income of persons2................................... 21.0 22.4 23.5 22.1 22.9 23.3 23.1 23.4 24.3
43 Corporate nrofits l ........................................................ 84.8 91.6
rl 17.7
105.3 105.6 115.1 116.4 122.0
44 Profits before tax3............................................ 127.6 114.5 '147.8 126.9 131.3 141.1 146.2 150.2
45 Inventory valuation adjustment....................... -39.8 -11.4 -14.6 -9.0 -12.3 -11.5 -14.4 -12.6 -20.0
46 Capital consumption adjustment..................... - 3.0 -11.5 -15.5 -12.6 -13.5 -14.5 -15.4 -15.7 -16.4
47 Net interest........................................................... 67.1 74.6 '82.0 74.9 75.8 78.6 80.3 83.5 '85.6
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., seeTable 1.50.
2With capital consumption adjustments.
So u r c e.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
March 1977
A52 Domestic Nonfinancial Statistics   April 1977
2.16 GROSS NA T I ONA L PRODU CT A ND I NCOM E
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1974 1975 1976
1975 1976
Q3 Q4 Ql
Q2 Q3 Q4
Gross national product
1 1,413.2 1,516.3 '1,691.6 1,548.7 1,588.2 1,636.2 1,675.2 1,708.9 '1,745.1
By source:
2 Personal consumption expenditures................... 887.5 973.2 1,079.7 987.3 1,012.0 1,043.6 1,064.7 1,088.5 1,122.0
3 Durable goods.. . ........................................ 121.6 131.7 156.5 136.0 141.8 151.4 155.0 157.6 162.0
4 Nondurable goods........................................ 376.2 409.1 440.4 414.6 421.6 429.1 434.8 441.8 456.0
5 Services.......................................................... 389.6 432.4 482.8 436.7 448.6 463.2 474.9 489.1 504.0
6 Gross private domestic investment.................... 215.0 183.7 239.6 197.7 201.4 229.6 239.2 247.0 242.8
7 Fixed investment........................................... 204.3 198.3 227.7 198.6 205.7 214.7 223.2 231.9 241.0
8 Nonresiden tial............................................ 149.2 147.1 160.0 146.1 148.7 153.4 157.9 163.0 165.6
9 Structures............................................... 54.1 52.0 55.3 51.8 52.1 53.2 54.9 56.0 57.0
10 Producers’ durable equipment.............. 95.1 95.1 104.7 94.2 96.6 100.2 103.0 107.0 108.6
11 Residential structures............................... 55.1 51.2 67.7 52.6 57.0 61.3 65.3 68.9 75.5
12 Nonfarm................................................ 52.7 49.0 65.1 50.2 54.2 58.6 62.9 66.3 72.7
13 Change in business inventories.................... 10.7 -14.6 11.9 - 2.0 -4.3 14.8 16.0 15.1 1.7
14 Nonfarm.................................................... 12.2 -17.6 11.9 -4.2 -9.5 12.7 17.3 15.6 2.2
15 Net exports of goods and services..................... 7.5 20.5 r6.6 21.4 21.0 8.4 9.3 4.7 r4.2
16 Exports.......................................................... 144.4 148.1 162.7 148.2 153.7 154.1 160.3 167.7 '168.5
17 Imports.......................................................... 136.9 127.6 '156.0 126.8 132.7 145.7 151.0 163.0 '164.3
18 Govt, purchases of goods and services.............. 303.3 339.0 365.6 343.2 353.8 354.7 362.0 369.6 376.2
19 Federal........................................................... 111.6 124.4 133.4 124.6 130.4 129.2 131.2 134.5 138.9
20 State and local.............................................. 191.6 214.5 232.2 218.6 223.4 225.5 230.9 235.0 237.4
By major type of product:
21 Final sales, total................................................ 1,402.5 1,531.0 '1,679.7 1,550.6 1,592.5 1,621.4 1,659.2 1,694.7 '1,743.4
22 Goods.............................................................. 639.7 681.7 760.2 703.5 719.7 742.3 758.4 766.1 774.3
23 Durable goods........................................... 247.2 254.4 300.5 265.0 270.0 282.7 301.2 308.2 309.8
24 Nondurable................................................ 392.4 427.3 459.8 438.4 449.7 459.6 457.1 457.9 464.5
25 Services.......................................................... 626.6 692.5 '772.0 700.2 719.5 742.6 759.6 781.5 '804.4
26 Structures...................................................... 146.9 142.1 159.3 145.0 149.1 151.3 157.3 162.2 166.5
27 Change in business inventories........................ 10.7 -14.6 11.9 -2.0 -4.3 14.8 16.0 15.1 1.7
28 Durable goods............................................... 7.1 -12.1 2.7 - 7.0 -10.6 -3.6 5.4 6.8 2.0
29 Nondurable goods........................................ 3.6 -2.6 9.2 5.0 6.3 18.5 10.6 8.3 - .3
Memo :
30 Total GNP in 1972 dollars................................. 1,214.0 1,191.7 '1,264.7 1,209.3 1,219.2 1,246.3 1,260.0 1,272.2 '1,280.4
National income
31 1,135.7 1,207.6 '1,348.5 1,233.4 1,264.6 1,304.7 1,337.4 1,362.5 1,389.5
32 Compensation of employees................................ 875.8 928.8 1,028.4 935.2 963.1 994.4 1,017.2 1,037.5 1,064.5
33 Wages and salaries............................................ 764.5 806.7 890.4 811.7 836.4 861.5 881.1 897.8 921.0
34 Government and Government enterprises.. 160.4 175.8 190.7 111. 3 182.2 185.4 188.7 191.7 197.0
35 Other............................................................ 604.1 630.8 699.7 634.4 654.1 676.1 692.4 706.1 '723.9
36 Supplement to wages and salaries..................... 111.3 122.1 138.0 123.5 126.7 132.9 136.2 139.6 143.5
37 Employer contributions for social
insurance................................................ 55.8 59.7 67.9 60.2 61.6 65.9 67.1 68.6 70.2
38 Other labor income....................................... 55.5 62.5 70.1 63.3 65.2 67.1 69.0 71.1 73.3
39 Proprietors' income1.............................................. 86.9 90.2 96.7 95.5 97.2 93.2 100.3 96.1 97.1
40 Business and professional1............................... 61.1 65.3 73.8 66.3 69.0 71.4 72.8 74.4 76.8
41 Farm1................................................................ 25.8 24.9 22.8 29.2 28.3 21.9 27.5 21.7 20.3
42 Rental income of persons2................................... 21.0 22.4 23.5 22.1 22.9 23.3 23.1 23.4 24.3
43 Corporate profits1................................................ 84.8 91.6 '117.9 105.3 105.6 115.1 116.4 122.0 118.1
44 Profits before tax3............................................ 127.6 114.5 '148.0 126.9 131.3 141.1 146.2 150.2 154.5
45 Inventory valuation adjustment....................... -39.8 -11.4 -14.6 -9.0 -12.3 -11.5 -14.4 -12.6 -20.0
46 Capital consumption adjustment..................... - 3.0 -11.5 -15.5 -12.6 -13.5 -14.5 -15.4 -15.7 -16.4
47 Net interest............................................................ 67.1 74.6 82.0 74.9 75.8 78.6 80.3 83.5 85.6
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., see Table 1.50.
2With capital consumption adjustments.
Source.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
April 1977
A 5 2 D o m e s t i c N o n f i n a n c i a l S t a t i s t i c s   M a y 1 9 7 7
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1974 1975 1976
1975 1976 1977
Q4 Ql
Q2 Q3 Q4 Q I p
Gross national product
1 1,413.2 1,516.3 1,691.6 1,588.2 1,636.2 1,675.2 1,708.9 1,745.1 1,792.5
By source:
2 Personal consumption expenditures.................... 887.5 973.2 1 ,0 7 9 .7 1, 012.0 1,04 3.6 1 , 0 64.7 1,08 8.5 1, 122.0 1,1 5 6 . 8
3 Durable goods................................................... 121.6 131.7 156.5 141.8 151.4 155.0 157.6 162.0 173.4
4 Nondurable goods............................................ 376.2 409.1 440.4 421.6 429.1 434.8 441.8 456.0 463.7
5 Services............................................................... 389.6 432.4 482.8 448.6 463.2 474.9 489.1 504.0 519.6
6 Gross private domestic investment...................... 215.0 183.7 239.6 201.4 229.6 239.2 247.0 242.8 260.2
7 Fixed investment............................................... 204.3 198.3 227.7 205.7 214.7 223.2 231.9 241.0 252.7
8 Nonresidential................................................ 149.2 147.1 160.0 148.7 153.4 157.9 163.0 165.6 173.1
9 Structures.................................................... 54.1 52.0 55.3 52.1 53.2 54.9 56.0 57.0 56.3
10 Producers’ durable equipment............... 95.1 95.1 104.7 96.6 100.2 103.0 107.0 108.6 116.8
11 Residential structures.................................. 55.1 51.2 67.7 57.0 61.3 65.3 68.9 75.5 79.7
12 Nonfarm..................................................... 52.7 49.0 65.1 54.2 58.6 62.9 66.3 72.7 76.9
13 Change in business inventories...................... 10.7 -14.6 11.9 - 4.3 14.8 16.0 15.1 1.7 7.5
14 Nonfarm......................................................... 12.2 -17.6 11.9 - 9.5 12.7 17.3 15.6 2.2 7.5
15 Net exports o f goods and services....................... 7.5 20.5 6.6 21.0 8 . 4 9 . 3 4 . 7 4 . 2 - 4 . 9
16 Exports............................................................... 144.4 148.1 162.7 153.7 154.1 160.3 167.7 168.5 170.5
17 I mports............................................................... 136.9 127.6 156.0 132.7 145.7 151.0 163.0 164.3 175.4
18 Govt, purchases o f goods and services............... 303.3 339.0 365.6 353.8 354.7 362.0 369.6 376.2 380.4
19 Federal................................................................ 111.6 124.4 133.4 130.4 129.2 131.2 134.5 138.9 139.5
20 State and local.................................................. 191.6 214.5 232.2 223.4 225.5 230.9 235.0 237.4 240.9
By major type of product:
21 Final sales, total.................................................... 1,402.5 1,531.0 1,679.7 1,592.5 1,621.4 1,659.2 1,694.7 1,743.4 1,785.0
22 Goods................................................................... 639.7 681.7 760.2 719.7 742.3 758.4 766.1 774.3 799.0
23 Durable goods............................................... 247.2 254.4 300.5 270.0 282.7 301.2 308.2 309.8 330.9
24 Nondurable.................................................... 392.4 427.3 459.8 449.7 459.6 457.1 457.9 464.5 468.2
25 Services............................................................... 626.6 692.5 772.0 719.5 742.6 759.6 781.5 804.4 824.7
26 Structures........................................................... 146.9 142.1 159.3 149.1 151.3 157.3 162.2 166.5 168.7
27 Change in business inventories.......................... 10.7 -14.6 11.9 - 4.3 14.8 16.0 15.1 1.7 7.5
28 Durable goods................................................... 7.1 -12.1 2.7 -10.6 - 3.6 5.4 6.8 2.0 7.2
29 Nondurable goods............................................ 3.6 - 2.6 9.2 6.3 18.5 10.6 8.3 - . 3 .3
Memo:
30 Total GNP in 1972 dollars.................................... 1,214.0 1,191.7 1,264.7 1,219.2 1,246.3 1,260.0 1,272.2 1,280.4 1,296.8
National income
31 Total............................................................................. 1,135.7 1,207.6 1,348.4 1,264.6 1,304.7 1,337.4 1,362.5 rl ,389.3
875.8 928.8 1,028.4 963.1 994.4 1,017.2 1,037.5 1,064.5 1,096.6
33 Wages and salaries.............................................. .. 764.5 806.7 890.4 836.4 861.5 881.1 897.8 921.0 946.2
34 Government and Government enterprises.. 160.4 175.8 190.7 182.2 185.4 188.7 191.7 197.0 200.0
35 Other................................................................... 604.1 630.8 699.7 654.1 676.1 692.4 706.1 723.9 746.1
36 Supplement to wages and salaries....................... 111.3 122.1 138.0 126.7 132.9 136.2 139.6 143.5 150.4
37 Employer contributions for social
insurance.................................................... 55.8 59.7 67.9 61.6 65.9 67.1 68.6 70.2 14.1
38 Other labor income.......................................... 55.5 62.5 70.1 65.2 67.1 69.0 71.1 73.3 75.7
86.9 90.2 96.7 97.2 93.2 100.3 96.1 97.1 103.3
40 Business and professional1.................................. 61.1 65.3 73.8 69.0 71.4 72.8 14.4 76.8 79.3
41 Farm1...................................................................... 25.8 24.9 22.8 28.3 21.9 27.5 21.7 20.3 24.0
42 Rental income of persons2...................................... 21.0 22.4 23.5 22.9 23.3 23.1 23.4 24.3 25.1
43 Cornorate nrofits 1..................................................... 84.8 91.6 117.8 105.6 115.1 116.4 122.0 r117.8
44 Profits before tax3................................................ 127.6 114.5 147.9 131.3 141.1 146.2 150.2 r154.2
45 Inventory valuation adjustment......................... -39.8 -11.4 -14.6 -12.3 -11.5 -14.4 -12.6 -20.0 -23.2
46 Capital consumption adjustment....................... - 3.0 -11.5 -15.5 -13.5 -14.5 -15.4 -15.7 -16.4 -17.0
47 Net interest................................................................. 67.1 74.6 82.0 75.8 78.6 80.3 83.5 85.6 88.6
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., see Table 1.50.
2With capital consumption adjustments.
Source.— Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
May 1977
A52 Domestic Nonfinancial Statistics □ June 1977
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1975 1976 1977
Q4 Ql
Q2 Q3
I Q4 Ql
1974 1975 1976
Gross national product
1 1,413.2 1,516.3 1,691.6 1,588.2 1,636.2 1,675.2 1,708.9 1,745.1 1,796.1
By source:
2 Personal consumption expenditures................ 887.5 973.2 1,079.7 1,012.0 1,043.6 1,064.7 1,088.5 1,122.0 1,159.1
3 Durablegoods......................................... 121.6 131.7 156.5 141.8 151.4 155.0 157.6 162.0 174.0
4 Nondurable gootls................................... 376.2 409.1 440.4 421.6 429.1 434.8 441.8 456.0 464.7
5 Services................................................... 389.6 432.4 482.8 448.6 463.2 474.9 489.1 504.0 520.4
6 Gross private domestic investment................. 215.0 183.7 239.6 201.4 229.6 239.2 247.0 242.8 267.9
7 Fixed investment..................................... 204.3 198.3 227.7 205.7 214.7 223.2 231.9 241.0 254.1
8 Nonresidential....................................... 149.2 147.1 160.0 148.7 153.4 157.9 163.0 165.6 173.9
9 Structures......................................... 54.1 52.0 55.3 52.1 53.2 54.9 56.0 57.0 56.6
10 Producers’ durableequipment............ 95.1 95.1 104.7 96.6 100.2 103.0 107.0 108.6 117.4
11 Residential structures........................... 55.1 51.2 67.7 57.0 61.3 65.3 68.9 75.5 80.2
12
Nonfarm.......................................... 52.7 49.0 65.1 54.2 58.6 62.9 66.3 72.7 11A
13 Changein business inventories................. 10.7 -14.6 11.9 -4.3 14.8 16.0 15.1 1.7 13.8
14 Nonfarm.............................................. 12.2 -17.6 11.9 -9.5 12.7 17.3 15.6 2.2 13.0
15 Net exports of goods and services.................. 7.5 20.5 6.6 21.0 8.4 9.3 4.7 4.2 - 9.3
16 Exports................................................... 144.4 148.1 162.7 153.7 154.1 160.3 167.7 168.5 170.5
17 Imports................................................... 136.9 127.6 156.0 132.7 145.7 151.0 163.0 164.3 179.8
18 Govt, purchases of goods and services............ SOS. 3 339.0 365.6 353.8 354.7 362.0 369.6 376.2 378.5
19 Federal.................................................... 111.6 124.4 133.4 130.4 129.2 131.2 134.5 138.9 138.2
20 Stateand local......................................... 191.6 214.5 232.2 223.4 225.5 230.9 235.0 237.4 240.3
By major typeof product:
21 Final sales, total.......................................... 1,402.5 1,531.0 1,679.7 1,592.5 1,621.4 1,659.2 1,694.7 1,743.4 1,782.4
22 Goods...................................................... 639.7 681.7 760.2 719.7 742.3 758.4 766.1 774.3 802.9
23 Durable goods..................................... 247.2 254.4 300.5 270.0 282.7 301.2 308.2 309.8 333.7
24 Nondurable.......................................... 392.4 427.3 459.8 449.7 459.6 457.1 457.9 464.5 469.1
25 Services................................................... 626.6 692.5 772.0 719.5 742.6 759.6 781.5 804.4 824.3
26 Structures................................................ 146.9 142.1 159.3 149.1 151.3 157.3 162.2 166.5 169.0
27 Changein business inventories..................... 10.7 -14.6 11.9 -4.3 14.8 16.0 15.1 1.7 13.8
28 Durable goods......................................... 7.1 -12.1 2.7 -10.6 -3.6 5.4 6.8 2.0 8.2
29 Nondurable goods................................... 3.6 -2.6 9.2 6.3 18.5 10.6 8.3 -.3 5.6
Memo:
30 Total GNP in1972dollars............................. 1,214.0 1,191.7 1,264.7 1,219.2 1,246.3 1,260.0 1,272.2 1,280.4 1,300.3
National income
31 1,135.7 1,207.6 1,348.4 1,264.6 1,304.7 1,337.4 1,362.5 1,389.3 1,431.4
32 Compensation of employees............................ 875.8 928.8 1,028.4 963.1 994.4 1,017.2 1,037.5 1,064.5 1,097.7
33 Wages and salaries....................................... 764.5 806.7 890.4 836.4 861.5 881.1 897.8 921.0 947.1
34 Government and Government enterprises.. 160.4 175.8 190.7 182.2 185.4 188.7 191.7 197.0 200.0
35 Other...................................................... 604.1 630.8 699.7 654.1 676.1 692.4 706.1 723.9 747.1
36 Supplement to wages and salaries.................. 111.3 122.1 138.0 126.7 132.9 136.2 139.6 143.5 150.5
37 Employer contributions for social
insurance.......................................... 55.8 59.7 67.9 61.6 65.9 67.1 68.6 70.2 74.7
38 Other labor income.................................. 55.5 62.5 70.1 65.2 67.1 69.0 71.1 73.3 75.8
39 Proprietors' income1........................................ 86.9 90.2 96.7 97.2 93.2 100.3 96.1 97.1 103.6
40 Business and professional1........................... 61.1 65.3 73.8 69.0 71.4 72.8 74.4 76.8 79.6
41 Farm1........................................................ 25.8 24.9 22.8 28.3 21.9 27.5 21.7 20.3 24.0
42 Rental incomeof persons2.............................. 21.0 22.4 23.5 22.9 23.3 23.1 23.4 24.3 25.1
43 Corporate profits1.......................................... 84.8 91.6 117.8 105.6 115.1 116.4 122.0 117.8 116.2
44 Profits beforetax3....................................... 127.6 114.5 147.9 131.3 141.1 146.2 150.2 154.2 156.3
45 Inventory valuation adjustment.................... -39.8 -11.4 -14.6 -12.3 -11.5 -14.4 -12.6 -20.0 -23.1
46 Capital consumption adjustment.................. -3.0 -11.5 -15.5 -13.5 -14.5 -15.4 -15.7 -16.4 -17.0
47 Net interest.................................................... 67.1 74.6 82.0 75.8 78.6 80.3 83.5 85.6 88.9
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3For after-tax profits, dividends, etc., seeTable1.50.
Source.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
June 1977
A52 Domestic Nonfinancial Statistics   July 1977
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1974 1975 1976
1975 1976 1977
Q4
Q1
Q2 Q3 Q4 Ql
Gross national product
1 1,413.2 1,516.3 1,691.6 1,588.2 1,636.2 1,675.2 1,708.9 1,745.1 *1,799.3
By source:
2 Personal consumption expenditures..................... 887.5 973.2 1,079.7 1,012.0 1,043.6 1,064.7 1,088.5 1,122.0 1,159.1
3 Durable goods................................................... 121.6 131.7 156.5 141.8 151.4 155.0 157.6 162.0 174.0
4 Nondurable goods............................................ 376.2 409.1 440.4 421.6 429.1 434.8 441.8 456.0 464.7
5 Services............................................................... 389.6 432.4 482.8 448.6 463.2 474.9 489.1 504.0 520.4
6 Gross private domestic investment...................... 215.0 183.7 239.6 201.4 229.6 239.2 247.0 242.8 267.9
7 Fixed investment............................................... 204.3 198.3 227.7 205.7 214.7 223.2 231.9 241.0 254.1
8 Nonresidential................................................ 149.2 147.1 160.0 148.7 153.4 157.9 163.0 165.6 173.9
9 Structures.................................................... 54.1 52.0 55.3 52.1 53.2 54.9 56.0 57.0 56.6
10 Producers’ durable equipment............... 95.1 95.1 104.7 96.6 100.2 103.0 107.0 108.6 117.4
11 Residential structures.................................. 55.1 51.2 67.7 57.0 61.3 65.3 68.9 75.5 80.2
12 Nonfarm..................................................... 52.7 49.0 65.1 54.2 58.6 62.9 66.3 72.7 77.4
13 Change in business inventories...................... 10.7 -14.6 11.9 - 4.3 14.8 16.0 15.1 1.7 13.8
14 Nonfarm......................................................... 12.2 -17.6 11.9 - 9.5 12.7 17.3 15.6 2.2 13.0
15 Net exports of goods and services....................... 7.5 20.5 6.6 21.0 8.4 9.3 4.7 4.2 r —6.2
16 Exports................................................................ 144.4 148.1 162.7 153.7 154.1 160.3 167.7 168.5 *•171.4
17 I mports............................................................... 136.9 127.6 156.0 132.7 145.7 151.0 163.0 164.3 *•177.6
18 Govt, purchases of goods and services............... 303.3 339.0 365.6 353.8 354.7 362.0 369.6 376.2 378.5
19 Federal................................................................. 111.6 124.4 133.4 130.4 129.2 131.2 134.5 138.9 138.2
20 State and local................................................... 191.6 214.5 232.2 223.4 225.5 230.9 235.0 237.4 240.3
By major type of product:
21 Final sales, total.................................................... 1,402.5 1,531.0 1,679.7 1,592.5 1,621.4 1,659.2 1,694.7 1,743.4 *■1,785.5
22 Goods................................................................... 639.7 681.7 760.2 719.7 742.3 758.4 766.1 774.3 802.9
23 Durable goods............................................... 247.2 254.4 300.5 270.0 282.7 301.2 308.2 309.8 333.7
24 Nondurable.................................................... 392.4 427.3 459.8 449.7 459.6 457.1 457.9 464.5 469.1
25 Services............................................................... 626.6 692.5 772.0 719.5 742.6 759.6 781.5 804.4 *•827.4
26 Structures........................................................... 146.9 142.1 159.3 149.1 151.3 157.3 162.2 166.5 169.0
27 Change in business inventories.......................... 10.7 -14.6 11.9 - 4.3 14.8 16.0 15.1 1.7 13.8
28 Durable goods................................................... 7.1 -12.1 2.7 -10.6 - 3.6 5.4 6.8 2.0 8.2
29 Nondurable goods............................................ 3.6 - 2.6 9.2 6.3 18.5 10.6 8.3 - . 3 5.6
M e m o :
30 Total GNP in 1972 dollars.................................... 1,214.0 1,191.7 1,264.7 1,219.2 1,246.3 1,260.0 1,272.2 1,280.4 *•1,302.0
National income
31 1,135.7 1,207.6 1,348.4 1,264.6 1,304.7 1,337.4 1,362.5 1,389.3 *1,435.2
32 Compensation of employees................................... 875.8 928.8 1,028.4 963.1 994.4 1,017.2 1,037.5 1,064.5 1,097.7
33 Wages and salaries................................................ 764.5 806.7 890.4 836.4 861.5 881.1 897.8 921.0 947.1
34 Government and Government enterprises.. 160.4 175.8 190.7 182.2 185.4 188.7 191.7 197.0 200.0
35 Other................................................................... 604.1 630.8 699.7 654.1 676.1 692.4 706.1 723.9 747.1
36 Supplement to wages and salaries....................... 111.3 122.1 138.0 126.7 132.9 136.2 139.6 143.5 150.5
37 Employer contributions for social
insurance..................................................... 55.8 59.7 67.9 61.6 65.9 67.1 68.6 70.2 74.7
38 Other labor income.......................................... 55.5 62.5 70.1 65.2 67.1 69.0 71.1 73.3 75.8
39 Proprietors' income1.................................................. 86.9 90.2 96.7 97.2 93.2 100.3 96.1 97.1 103.6
40 Business and professional1.................................. 61.1 65.3 73.8 69.0 71.4 72.8 74.4 76.8 79.6
41 Farm1...................................................................... 25.8 24.9 22.8 28.3 21.9 27.5 21.7 20.3 24.0
42 Rental income of persons2...................................... 21.0 22.4 23.5 22.9 23.3 23.1 23.4 24.3 25.1
43 Corporate profits1..................................................... 84.8 91.6 117.8 105.6 115.1 116.4 122.0 117.8 *■119.9
44 Profits before tax3................................................ 127.6 114.5 147.9 131.3 141.1 146.2 150.2 154.2 *•160.0
45 Inventory valuation adjustment......................... -39.8 -11.4 -14.6 -12.3 -11.5 - 14.4 -12.6 -20.0 -23.1
46 Capital consumption adjustment....................... - 3.0 -11.5 -15.5 -13.5 -14.5 -15.4 -15.7 -16.4 -17.0
47 Net interest................................................................. 67.1 74.6 82.0 75.8 78.6 80.3 83.5 85.6 88.9
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., see Table 1.50.
2 With capital consumption adjustments.
So u r c e.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
July 1977
A52 Domestic Nonfinancial Statistics   August 1977
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
Account 1974 1975 1976
Ql Q2 Q3 Q4
Ql
Q2p
Gross national product
1
By source:
1,412.9 1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.0
2 Personal consumption expenditures................... 889.6 980.4 1,094.0 1,056.0 1,078.5 1, 102. 2 1,139.0 1,172.4 1,194.0
3 Durable goods.............................................. 122.0 132.9 158.9 153.3 156.7 159.3 166.3 177.0 179.1
4 Nondurable goods........................................ 376.3 409.3 442.7 430.4 437.1 444.7 458.8 466.6 475.3
5 Services.......................................................... 391.3 438.2 492.3 472.4 484.6 498.2 513.9 528.8 539.6
6 Gross private domestic investment.................... 214.6 189.1 243.3 231.3 244.4 254.3 243.4 271.8 293.0
7 Fixed investment........................................... 205.7 200.6 230.0 216.8 226.1 232.8 244.3 258.0 273.3
8 Nonresidential............................................ 150.6 149.1 161.9 155.4 159.8 164.9 167.6 177.0 183.3
9 Structures............................................... 54.5 52.9 55.8 54.7 55.8 56.0 57.0 57.9 60.2
10 Producers’ durable equipment.............. 96.2 96.3 106.1 100.8 104.0 109.0 110.6 119.2 123.1
11 Residential structures............................... 55.1 51.5 68.0 61.4 66.3 67.8 76.7 81.0 90.0
12 Nonfarm................................................ 52.7 49.5 65.7 58.9 64.1 65.7 74.3 78.5 87.6
13 Change in business inventories.................... 8.9 -11.5 13.3 14.5 18.3 21.5 - .9 13.8 19.7
14 Nonfarm.................................................... 10.8 -15.1 14.9 15.9 20.4 22.0 1.4 14.1 20.4
15 Net exports of goods and services..................... 6. 0 2. 0 7.8 10. 2 10. 2 7.9 3.0 - 8. 2 - 8.1
16 Exports.......................................................... 137.9 147.3 162.9 153.9 160.6 168.4 168.5 170.4 175.4
17 Imports.......................................................... 131.9 126.9 155.1 143.7 150.4 160.6 165.6 178.6 183.5
18 Govt, purchases of goods and services.............. 302.7 338.9 361.4 353.6 358.9 363.0 370.0 374.9 390.1
19 Federal........................................................... 111.1 123.3 130.1 127.6 128.5 130.2 134.2 136.3 143.3
20 State and local..............................................
By major type of product:
191.5 215.6 231.2 225.9 230.4 232.7 235.8 238.5 246.7
21 Final sales, total................................................ 1,404.0 1,540.3 1,693.1 1,636.7 1,673.7 1,705.8 1,756.3 1,797.0 1,849.3
22 Goods............................................................. 638.6 686. 2 764.2 744.6 761.7 746.0 774.7 805.9 831.3
23 Durable goods........................................... 247.8 258.2 303.4 285.6 301.9 313.4 312.6 334.4 345.0
24 Nondurable................................................ 390.8 428.0 460.9 459.0 459.7 464.1 460.6 471.5 486.3
25 Services.......................................................... 626.8 699.2 782.0 751.6 770.8 791.8 813.8 833.7 851.5
26 Structures..................................................... 147.4 143.5 160.2 155.0 159.4 159.6 166.9 171.2 186.2
27 Change in business inventories........................ 8.9 -11.5 13.3 14.5 18.3 21.5 - .9 13.8 19.7
28 Durable goods............................................... 7.1 -9.2 4.1 -2.0 7.0 10.7 .6 7.8 9.3
29 Nondurable goods......................................... 1.8 -2.2 9.3 16.6 11.2 12.4 -3.1 6.0 10.5
30 1,217.8 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0 1,331.6
31 Total...................................................................
32 Compensation of employees.............. .............
33 Wages and salaries........................................
34 Government and Government enterprises
35 Other..........................................................
36 Supplement to wages and salaries.................
37 Employer contributions for social
insurance............................................
38 Other labor income...................................
39 Proprietors’ income1..........................................
40 Business and professional1...........................
41 Farm1............................................................
42 Rental income of persons2...............................
43 Corporate profits1............................................
44 Profits before tax3........................................
45 Inventory valuation adjustment...................
46 Capital consumption adjustment.................
47 Net interest........................................................
National income
1,136.0 1,217.0 1,364.1 1,321.0 1,353.9 1,379.6 1,402.1 1,450.2
875.8 930.3 1,036.3 999.6 1,024.9 1,046.5 1,074.2 1,109.9 1,144.8
764.1 805.7 891.8 861.5 882.4 900.2 923.2 951.3 981.0
160.0 175.4 187.2 182.7 185.4 188.2 192.5 194.8 197.2
604.1 630.3 704.6 678.8 697.0 712.0 730.7 756.4 783.7
111.7 124.6 144.5 138.1 142.5 146.3 150.9 158.6 163.8
56.1 59.8 68. 6 66.4 68. 0 69.1 70.9 75.4 77.1
55.6 64.9 75.9 71.7 74.5 77.3 80.0 83.2 86.7
86.4 86. 0 88. 0 86.9 90.4 86. 2 88.7 95.1 98.7
60.9 62.8 69.4 66.9 68. 8 70.0 72.0 74.3 77.4
25.4 23.2 18.6 20.0 21.6 16.2 16.6 20.7 21.2
21.4 22.3 23.3 23.0 22.9 23.3 24.1 24.5 25.3
83.6 99.3 128.1 126.5 129.2 133.5 123.1 125.4
126.9 123.5 156.9 153.5 159.2 159.9 154.8 161.7
-40.4 -12.0 -14.1 -12.4 -15.5 -11.7 -16.9 -20.6 -17.8
-2.9 -12.2 -14.7 -14.6 -14.6 -14.7 -14.8 -15.6 -15.9
69.0 79.1 88.4 85.0 86.5 90.1 92.0 95.3 98.7
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3For after-tax profits, dividends, etc., see Table 1.50.
Source.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
August 1977
A52 Domestic Nonfinancial Statistics   September 1977
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
Account 1974 1975 !
i
1976
Ql
Q2 Q3 Q4
Ql
Q2
Gross national product
1
By source:
1,412.9 1,528.8 1,706.5 1,651.2 1,691.9 1,727.3 1,755.4 1,810.8 1,869.7
2 Personal consumption expenditures.................... 889.6 980.4 1,094.0 1,056.0
153.3
1,078.5 1,102.2 1,1 3 9 .0
166.3
1,172.4 1,1 9 4 .0
3 Durable goods................................................... 122.0 132.9 158.9 156.7 159.3 177.0 178.6
4 Nondurable goods............................................ 376.3 409.3 442.7 430.4 437.1 444.7 458.8 466.6 474.4
5 Services...............................................................
391.3 438.2 492.3 472.4 484.6 498.2 513.9 528.8 541.1
6 Gross private domestic investment...................... 214.6 189.1 243.3 231.3 244.4 254.3 243.4 271.8 294.9
7 Fixed investment...............................................
205.7 200.6 230.0 216.8 226.1 232.8 244.3 258.0 273.2
8 Nonresidential................................................ 150.6 149.1 161.9 155.4 159.8 164.9 167.6 177.0 182.4
9 Structures.................................................... 54.5 52.9 55.8 54.7 55.8 56.0 57.0 57.9 61.0
10 Producers’ durable equipment............... 96.2 96.3 106.1 100.8 104.0 109.0 110.6 119.2 121.4
11 Residential structures.................................. 55.1 51.5 68.0 61.4 66.3 67.8 76.7 81.0 90.8
12 52.7 49.5 65.7 58.9 64.1 65.7 74.3 78.5 88.2
13 Change in business inventories..................... 8.9 - 1 1 . 5 13.3 14.5 18.3 21.5 - . 9 13.8 21.7
14 Nonfarm......................................................... 10.8 - 1 5 . 1 14.9 15.9 20.4 22.0 1.4 14.1 22.4
15 Net exports o f goods and services....................... 6 . 0 2 . 0 7.8 10.2 10.2 7.9 3 . 0 - 8 . 2 - 9 . 8
16 Exports................................................................ 137.9 147.3 162.9 153.9 160.6 168.4 168.5 170.4 178.0
17 Imports............................................................... 131.9 126.9 155.1 143.7 150.4 160.6 165.6 178.6 187.8
18 Govt, purchases o f goods and services............... 302.7 338.9 361.4 353.6 358.9 363.0 370.0 374.9 390.6
19 Federal................................................................. 111.1 123.3 130.1 127.6 128.5 130.2 134.2 136.3 143.6
20
By major type of product:
191.5 215.6 231.2 225.9 230.4 232.7 235.8 238.5 247.0
21 Final sales, total.................................................... 1,404.0 1,540.3 1,693.1 1,636.7 1,673.7 1,705.8 1,756.3 1,797.0 1,848.0
22 638.6 686.2 764.2 744.6 761.7 746.0 774.7 805.9 827.1
23 247.8 258.2 303.4 285.6 301.9 313.4 312.6 334.4 341.0
24 390.8 428.0 460.9 459.0 459.7 464.1 460.6 471.5 486.1
25 Services............................................................... 626.8 699.2 782.0 751.6 770.8 791.8 813.8 833.7 855.2
26 Structures........................................................... 147.4 143.5 160.2 155.0 159.4 159.6 166.9 171.2 187.5
27 Change in business inventories.......................... 8.9 - 1 1 . 5 13.3 14.5 18.3 21.5 - . 9 13.8 21.7
28 Durable goods................................................... 7.1 - 9 . 2 4.1 - 2 . 0 7.0 10.7 .6 7.8 11.5
29 Nondurable goods............................................ 1.8 - 2 . 2 9.3 16.6 11.2 12.4 - 3 . 1 6.0 10.2
30 Me mo : Total GNP in 1972 dollars..................... 1,217.8 1,202.1 1,274.7 1,256.0 1,271.5 1,283.7 1,287.4 1,311.0 1,330.6
National income
31 Total.........................................................................
32 Compensation of employees...............................
33 Wages and salaries............................................
34 Government and Government enterprises
35 Other...............................................................
36 Supplement to wages and salaries...................
37 Employer contributions for social
insurance................................................
38 Other labor income......................................
39 Proprietors' income1.............................................
40 Business and professional1.............................
41 Farm1..................................................................
42 Rental income of persons2..................................
43 Corporate profits1................................................
44 Profits before tax3............................................
45 Inventory valuation adjustment.....................
46 Capital consumption adjustment...................
47 Net interest.............................................................
1,136.0
875.8
764.1
160.0
604.1
111.7
56.1
55.6
86.4
60.9
25.4
21.4
83.6
126.9
- 4 0 . 4
- 2 . 9
69.0
1,217.0
930.3
805.7
175.4
630.3
124.6
59.8
64.9
86.0
62.8
23.2
22.3
99.3
123.5
-12.0
-12.2
79.1
1,364.1
1,036.3
891.8
187.2
704.6
144.5
68.6
75.9
88.0
69.4
18.6
23.3
128.1
156.9
-1 4 . 1
- 1 4 . 7
1,321.0
999.6
861.5
182.7
678.8
138.1
66.4
71.7
86.9
66.9
20.0
23.0
126.5
153.5
- 1 2 . 4
- 1 4 . 6
85.0
1.353.9
1.024.9
882.4
185.4
697.0
142.5
68.0
74.5
90.4
68.8
21.6
22.9
129.2
159.2
- 1 5 . 5
- 1 4 . 6
86.5
1,379.6
1,046.5
900.2
188.2
712.0
146.3
69.1
77.3
86.2
70.0
16.2
23.3
133.5
159.9
- 1 1 . 7
- 1 4 . 7
90.1
1.402.1
1.074.2
923.2
192.5
730.7
150.9
70.9
80.0
88.7
72.0
16.6
24.1
123.1
154.8
- 1 6 . 9
- 1 4 . 8
92.0
1,450.2
1,109.9
951.3
194.8
756.4
158.6
75.4
83.2
95.1
74.3
20.7
24.5
125.4
161.7
-20.6
- 1 5 . 6
95.3
1,505.1
1, 144. 7
980.9
197.2
783.6
163.8
77.1
86.7
97.0
77.3
19.7
24.9
139.7
173.4
- 1 7 . 8
- 1 5 . 9
98.9
1With inventory valuation and capital consumption adjustments.
2 With capital consumption adjustments.
3 For after-tax profits, dividends, etc., see Table 1.50.
Source.—Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
September 1977
A46 Domestic Nonfinancial Statistics • October 1977
2.16 GROSS NATI ONAL P RODUCT AND I NCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
Account 1974 1975 1976
Q1
Q2 Q3 Q4 QL
Q2
Gross national product
1 Total 1, 412. 9 1, 528. 8 1, 706. 5 1, 651. 2 1, 691. 9 1, 727. 3 1, 755. 4 1, 810. 8 N , 8 6 9 . 9
By source:
2 Personal consumption expenditures 889.6 980.4 1,094.0 1,056.0 1,078.5 1,102.2 1,139.0 1,172.4 1,194.0
3 Durable goods 122.0 132.9 158.9 153.3 156.7 159.3 166.3 177.0 178.6
4 Nondurable goods 376.3 409.3 442.7 430.4 437.1 444.7 458.8 466.6 474.4
5 Services 391.3 438.2 492.3 472.4 484.6 498.2 513.9 528.8 541.1
6 Gross private domestic investment 214.6 189.1 243.3 231.3 244.4 254.3 243.4 271.8 294.9
7 Fixed investment 205.7 200.6 230.0 216.8 226.1 232.8 244.3 258.0 273.2
8 Nonresidential 150.6 149.1 161.9 155.4 159.8 164.9 167.6 177.0 182.4
9 Structures 54.5 52.9 55.8 54.7 55.8 56.0 57.0 57.9 61.0
10 Producers' durable equipment 96.2 96.3 106.1 100.8 104.0 109.0 110.6 119.2 121.4
11 Residential structures 55.1 51.5 68.0 61.4 66.3 67.8 76.7 81.0 90.8
12 Nonfarm 52.7 49.5 65.7 58.9 64.1 65.7 74.3 78.5 88.2
13 Change in business inventories 8.9 - 11. 5 13.3 14.5 18.3 21.5 - . 9 13.8 21.7
14 Nonfarm 10.8 - 15. 1 14.9 15.9 20.4 22.0 1.4 14.1 22.4
15 Net exports of goods and services 6.0 2.0 7.8 10.2 10.2 7.9 3.0 -8.2 ^-9.7
16 Exports 137.9 147.3 162.9 153.9 160.6 168.4 168.5 170.4 '•178.1
17 Imports 131.9 126.9 155.1 143.7 150.4 160.6 165.6 178.6 '•187.7
18 Govt, purchases of goods and services 302.7 338.9 361.4 353.6 358.9 363.0 370.0 374.9 390.6
19 Federal 111.1 123.3 130.1 127.6 128.5 130.2 134.2 136.3 143.6
20 State and local 191.5 215.6 231.2 225.9 230.4 232.7 235.8 238.5 247.0
By major type of product:
1,404.0 1,540.3 21 Final sales, total 1,404.0 1,540.3 1,693.1 1,636.7 1,673.7 1,705.8 1,756.3 1,797.0 '•1,848.2
22 Goods 638.6 686.2 764.2 744.6 761.7 746.0 774.7 805.9 827.1
23 Durable goods 247.8 258.2 303.4 285.6 301.9 313.4 312.6 334.4 341.0
24 Nondurable 390.8 428.0 460.9 459.0 459.7 464.1 460.6 471.5 486.1
25 Services 626.8 699.2 782.0 751.6 770.8 791.8 813.8 833.7 '•855.3
26 Structures 147.4 143.5 160.2 155.0 159.4 159.6 166.9 171.2 187.5
27 Change in business inventories 8.9 - 11. 5 13.3 14.5 18.3 21.5 - . 9 13.8 21.7
28 Durable goods 7.1 - 9. 2 4.1 - 2. 0 7. 0 10.7 .6 7.8 11.5
29 Nondurable goods 1.8 - 2. 2 9.3 16.6 11.2 12.4 - 3 . 1 6. 0 10.2
30 MEMO: Total GNP in 1972 dollars 1, 217. 8 1, 202. 1 1, 274. 7 1, 256. 0 1, 271. 5 1, 283. 7 1, 287. 4 1, 311. 0 A , 3 3 0 . 7
National income
31 Total 1, 136. 0 1, 217. 0 1, 364. 1 1, 321. 0 1, 353. 9 1, 379. 6 1, 402. 1 1, 450. 2 '•1, 505. 7
32 Compensation of employees 875.8 930.3 1,036.3 999.6 1,024.9 1,046.5 1,074.2 1,109.9 1,144.7
33 Wages and salaries 764.1 805.7 891.8 861.5 882.4 900.2 923.2 951.3 980.9
34 Government and Government enterprises.. 160.0 175.4 187.2 182.7 185.4 188.2 192.5 194.8 197.2
35 Other 604.1 630.3 704.6 678.8 697.0 712.0 730.7 756.4 783.6
36 Supplement to wages and salaries 111.7 124.6 144.5 138.1 142.5 146.3 150.9 158.6 163.8
37 Employer contributions for social
insurance 56.1 59.8 68.6 66.4 68.0 69.1 70.9 75.4 11.\
38 Other labor income 55.6 64.9 75.9 71.7 74.5 77.3 80.0 83.2 86.7
39 Proprietors^ income^ 86.4 86.0 88.0 86.9 90.4 86.2 88.7 95.1 97.0
40 Business and professional i 60.9 62.8 69.4 66.9 68.8 70.0 72.0 74.3 77.3
41 F armi 25.4 23.2 18.6 20.0 21.6 16.2 16.6 20.7 19.7
42 Rental income of persons 2 21.4 22.3 23.3 23.0 22.9 23.3 24.1 24.5 24.9
43 Corporate profits 1 83.6 99.3 128.1 126.5 129.2 133.5 123.1 125.4 '•140.2
44 Profits before tax 3 126.9 123.5 156.9 153.5 159.2 159.9 154.8 161.7 '•174.0
- 40. 4 - 12. 0 - 14. 1 - 12. 4 - 15. 5 - 11. 7 - 16. 9 - 20. 6 - 17. 8
46 Capital consumption adjustment - 2. 9 - 12. 2 - 14. 7 - 14. 6 - 14. 6 - 14. 7 - 14. 8 - 15. 6 - 15. 9
47 Net interest 69.0 79.1 88.4 85.0 86.5 90.1 92.0 95.3 98.9
1 Wi th inventory valuation and capital consumption adjustments.
2 Wi th capital consumption adjustments.
3 For after-tax profits, dividends, etc., see Table 1.50.
SOURCE.—^wrvej' of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
October 1977
A52 Domestic Nonfinancial Statistics • November 1977
2.16 GROSS NATI ONAL PRODUCT AND I NCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
Account 1974 1975 1976
Q2 Q3 Q4 QL Q2 Q3f
Gross national product
1 Total 1 , 4 1 2 . 9 1 , 5 2 8 . 8 1 , 7 0 6 . 5 1 , 6 9 1 . 9 1 , 7 2 7 . 3 1 , 7 5 5 . 4 1 , 8 1 0 . 8 1 , 8 6 9 . 9 1 , 9 1 1 . 3
By source:
2 Personal consumption expenditures 889.6 980.4 1,094.0 1,078.5 1,102.2 1,139.0 1 ,172.4 1,194.0 1,216.7
3 Durable goods 122.0 132.9 158.9 156.7 159.3 166.3 177.0 178.6 111 .1
4 Nondurable goods 376. 3 409. 3 442. 7 437. 1 444. 7 458. 8 ,466.6 474. 4 All .2
5 Services 391. 3 438. 2 492. 3 484. 6 498. 2 513. 9 528. 8 541. 1 561. 5
6 Gross private domestic investment 214.6 189.1 243.3 244.4 254.3 243.4 271.8 294.9 300.6
7 Fixed investment 205. 7 200. 6 230. 0 226.1 232. 8 244. 3 258. 0 273. 2 280. 8
8 Nonresidential 150.6 149.1 161.9 159.8 164.9 167.6 177.0 182.4 187.7
9 Structures 54. 5 52. 9 55. 8 55. 8 56. 0 57. 0 57. 9 61. 0 62. 6
10 Producers' durable equipment 96. 2 . 96. 3 106.1 104.0 109.0 110.6 119.2 121. 4 125.1
11 Residential structures 55. 1 51. 5 68. 0 66. 3 67. 8 76. 7 81. 0 90. 8 93. 1
12 Nonfarm 52. 7 49. 5 65. 7 64. 1 65. 7 74. 3 78. 5 88. 2 90. 6
13 Change in business inventories 8. 9 - 1 1 . 5 13.3 18.3 21. 5 - . 9 13.8 21. 7 19.8
14 Nonfarm 10.8 - 1 5 . 1 14.9 20. 4 22. 0 1. 4 14.1 22. 4 19. 3
15 Net exports of goods and services 6.0 2.0 7.8 10.2 7. 9 3.0 -8.2 — 9.7 -11.6
16 Exports 137.9 147.3 162.9 160.6 168.4 168.5 170.4 178.1 174.9
17 Imports 131.9 126.9 155.1 150.4 160.6 165.6 178.6 187.7 186.6
18 Govt, purchases of goods and services 302.7 338.9 361.4 358.9 363.0 370.0 374.9 390.6 405.6
19 Federal 111. 1 123.3 130.1 128.5 130.2 134.2 136.3 143.6 151.5
20 State and local 191.5 215. 6 231. 2 230. 4 232. 7 235. 8 238. 5 247. 0 254. 1
By major type of product:
1, 404. 0 1, 540. 3 21 Final sales, total 1, 404. 0 1, 540. 3 1, 693. 1 1, 673. 7 1, 705. 8 1, 756. 3 1 , 797. 0 1, 848. 2 1, 891. 5
22 Goods 638.6 686.2 764.2 761.7 746.0 774.7 805.9 827.1 835.0
23 Durable goods 247. 8 258. 2 303. 4 301. 9 313. 4 312. 6 334. 4 341. 0 339. 6
24 Nondurable 390.8 428. 0 460. 9 459. 7 464. 1 460. 6 471. 5 486. 1 495. 4
25 Services 626. 8 699. 2 782. 0 770. 8 791. 8 813. 8 833.7 855. 3 884. 7
26 Structures 147.4 143.5 160.2 159. 4 159.6 166.9 171.2 187.5 191.5
27 Change in business inventories 8. 9 - 1 1 . 5 13.3 18.3 21. 5 - . 9 13.8 21. 7 19.8
28 Durable goods 7. 1 - 9 . 2 4. 1 7. 0 10.7 .6 7. 8 11.5 8. 7
29 Nondurable goods 1.8 - 2 . 2 9. 3 11. 2 12. 4 - 3 . 1 6. 0 10. 2 11.1
30 MEMO: Total GNP in 1972 dollars 1 , 2 1 7 . 8 1 , 2 0 2 . 1 1 , 2 7 4 . 7 1 , 2 7 1 . 5 1 , 2 8 3 . 7 1 , 2 8 7 . 4 1 , 3 1 1 . 0 1 , 3 3 0 . 7 1 , 3 4 3 . 2
National income
31 Total
32 Compensation of employees
33 Wages and salaries
34 Government and Government enterprises
35 Other
36 Supplement to wages and salaries
37 Employer contributions for social
insurance
38 Other labor income
39 Proprietors' income
1
40 Business and professional
1
41 Farm
1
42 Rental income of persons
2
43 Corporate profits
1
44 Profits before tax
3
45 Inventory valuation adjustment
46 Capital consumption adjustment
47 Net interest
1 , 1 3 6 . 0 1 , 2 1 7 . 0 1 , 3 6 4 . 1 1 , 3 5 3 . 9 1 , 3 7 9 . 6 1 , 4 0 2 . 1 1 , 4 5 0 . 2 1 , 5 0 5 . 7
875. 8 930. 3 1, 036. 3 1, 024. 9 1, 046. 5 1, 074. 2 1, 109. 9 1, 144. 7 1, 165. 6
764.1 805.7 891.8 882.4 900.2 923.2 951.3 980.9 997.1
160.0 175.4 187.2 185. 4 188.2 192.5 194.8 197.2 200. 6
604.1 630. 3 704. 6 697. 0 712. 0 730. 7 756. 4 783. 6 796. 5
111.7 124.6 144.5 142.5 146.3 150.9 158.6 163.8 168.5
56. 1 59. 8 68. 6 68. 0 69. 1 70. 9 75. 4 11.1 78. 2
55. 6 64. 9 75. 9 74. 5 77. 3 80. 0 83. 2 86. 7 90. 3
86.4 86.0 88.0 90.4 86.2 88.7 95.1 97.0 95.5
60. 9 62. 8 69. 4 68. 8 70. 0 72. 0 74. 3 77. 3 80. 0
25. 4 23. 2 18.6 21. 6 16. 2 16.6 20. 7 19.7 15.5
21. 4 22. 3 23. 3 22. 9 23. 3 24. 1 24. 5 24. 9 25. 5
83. 6 99. 3 128.1 129.2 133.5 123.1 125.4 140.2
126.9 123.5 156.9 159.2 159.9 154.8 161.7 174. 0
- 4 0 . 4 - 1 2 . 0 - 1 4 . 1 - 1 5 . 5 - 1 1 . 7 - 1 6 . 9 - 2 0 . 6 - 1 7 . 8 - 6 . 1
- 2 . 9 - 1 2 . 2 - 1 4 . 7 - 1 4 . 6 - 1 4 . 7 - 1 4 . 8 - 1 5 . 6 - 1 5 . 9 - 1 7 . 9
69. 0 79. 1 88. 4 86. 5 90. 1 92. 0 95. 3 98. 9 102.9
1
With inventory valuation and capital consumption adjustments.
2
With capital consumption adjustments.
3
For after-tax profits, dividends, etc., see Table 1.50.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
November 1977
A52 Domestic Nonfinancial Statistics • December 1977
2.16 GROSS NATI ONAL PRODUCT AND I NCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
Account 1974 1975 1976
Q2 Q3 Q4 Ql Q2 | Q3
Gross national product
1 Total 1,412.9 1,528.8 1,706.5 1,691.9 1,727.3 1,755.4 1 ,810.8 1,869.9 1,914.9
By source:
2 Personal consumption expenditures 889.6 980.4 1,094.0 1,078.5 1,102.2 1,139.0 1 ,172.4 1,194.0 1,216.9
3 Durabl e goods 122.0 132.9 158.9 156.7 159.3 166.3 177.0 178.6 178.0
4 Nondurabl e goods 376.3 409.3 442.7 437.1 444.7 458.8 466.6 474.4 478.6
5 Services 391.3 438.2 492.3 484.6 498.2 513.9 528.8 541.1 560.3
6 Gross private domestic investment 214.6 189.1 243.3 244.4 254.3 243.4 271.8 294.9 302.3
7 Fixed investment 205.7 200.6 230.0 226.1 232.8 244.3 258.0 273.2 279.2
8 Nonresidential 150.6 149.1 161.9 159.8 164.9 167.6 177.0 182.4 186.7
9 Structures 54.5 52.9 55.8 55.8 56.0 57.0 57.9 61.0 62.4
10 Producers' durable equipment 96.2 96.3 106.1 104.0 109.0 110.6 119.2 121.4
124.3
11 Residential structures 55.1 51.5 68.0 66.3 67.8 76.7 81.0 90.8 92.5
12 Nonfarm 52.7 49.5 65.7 64.1 65.7 74.3 78.5 88.2
89.9
13 Change in business inventories 8.9 - 11. 5 13.3 18.3 21.5 - . 9 13.8 21.7 23.1
14 Nonfarm 10.8 - 15. 1 14.9 20.4 22.0 1.4 14.1 22.4 22.6
15 Net exports of goods and services 6.0 2.0 7.8 10.2 7.9 3.0 -8.2 -9.7 -7.6
16 Exports 137.9 147.3 162.9 160.6 168.4 168.5 170.4 178.1 180.4
17 I mports 131.9 126.9 155.1 150.4 160.6 165.6 178.6 187.7 188.1
18 Govt, purchases of goods and services 302.7 338.9 361.4 358.9 363.0 370.0 374.9 390.6 403.3
19 Federal 1 1 1 . 1 123.3 130.1 128.5 130.2 134.2 136.3 143.6 149.3
20 State and local 191.5 215.6 231.2 230.4 232.7 235.8 238.5 247.0
254.0
By maj or type of product:
21 Final sales, total 1,404.0 1,540.3 1,693.1 1,673.7 1,705.8 1,756.3 1 ,797.0 1,848.2 1,891.7
22 Goods 638.6 686.2 764.2 761.7 746.0 774.7 805.9 827.1 840.2
23 Durabl e goods 247.8 258.2 303.4 301.9 313.4 312.6 334.4 341.0 342.2
24 Nondurabl e 390.8 428.0 460.9 459.7 464.1 460.6 471.5 486.1 498.0
25 Services 626.8 699.2 782.0 770.8 791.8 813.8 833.7 855.3 883.7
26 Structures 147.4 143.5 160.2 159.4 159.6 166.9 171.2 187.5 191.0
27 Change in business inventories 8.9 - 11. 5 13.3 18.3 21.5 - . 9 13.8 21.7 23.1
28 Durabl e goods 7.1 - 9. 2 4.1 7.0 10.7 .6 7.8 11.5 9.8
29 Nondurabl e goods 1.8 - 2. 2 9.3 11.2 12.4 - 3. 1 6.0 10.2 13.4
30 MEMO: Total GNP in 1972 dollars 1,217.8 1,202.1 1,274.7 1,271.5 1,283.7 1,287.4 1 ,311.0 1,330.7 1,346.1
National income
31 1,136.0 1,217.0 1,364.1 1,353.9 1,379.6 1,402.1 1,450.2 1,505.7 1,538.8
32 Compensation of employees 875.8 930.3 1,036.3 1,024.9 1,046.5 1,074.2 1 ,109.9 1,144.7 1,166.9
33 Wages and salaries 764.1 805.7 891.8 882.4 900.2 923.2 951.3 980.9 998.4
34 Government and Government enterpri ses.. 160.0 175.4 187.2 185.4 188.2 192.5 194.8 197.2 200.6
35 Other 604.1 630.3 704.6 697.0 712.0 730.7 756.4 783.6 797.8
36 Supplement to wages and salaries 111.7 124.6 144.5 142.5 146.3 150.9 158.6 163.8 168.5
37 Employer contributions for social
168.5
insurance 56.1 59.8 68.6 68.0 69.1 70.9 75.4 77.1 78.2
38 Other labor income 55.6 64.9 75.9 74.5 77.3 80.0 83.2 86.7 90.3
39 Proprietors' income
1
86.4 86.0 88.0 90.4 86.2 88.7 95.1 97.0 95.5
40 Business and professional
1
60.9 62.8 69.4 68.8 70.0 72.0 74.3 77.3 80.0
41 Farm
1
25.4 23.2 18.6 21.6 16.2 16.6 20.7 19.7 15.5
42 Rental income of persons
2
21.4 22.3 23.3 22.9 23.3 24.1 24.5 24.9 25.5
43 Corporate profi ts
1
83.6 99.3 128.1 129.2 133.5 123.1 125.4 140.2 147.8
44 Profits before tax 3 126.9 123.5 156.9 159.2 159.9 154.8 161.7 174.0 171.6
45 I nventory valuation adjustment - 40. 4 - 12. 0 - 14. 1 - 15. 5 - 11. 7 - 16. 9 - 20. 6 - 17. 8 - 5. 9
46 Capital consumption adjustment - 2. 9 - 12. 2 - 14. 7 - 14. 6 - 14. 7 - 14. 8 - 15. 6 - 15. 9 - 17. 9
47 Net interest 69.0 79.1 88.4 86.5 90.1 92.0 95.3 98.9 103.1
1
With inventory valuation and capital consumption adjustments. 3 For after-tax profits, dividends, etc., see Table 1.50.
2 With capital consumption adjustments.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
December 1977
A52 Domestic Nonfinancial Statistics • J anuary 1978
2.16 GROSS NATI ONAL PRODUCT AND I NCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
Account 1974 1975 1976
Q2 Q3 Q4 Ql
Q2 Q3
r
Gross national product
1 1 , 4 1 2 . 9 1 , 5 2 8 . 8 1 , 7 0 6 . 5 1 , 6 9 1 . 9 1 , 7 2 7 . 3 1 , 7 5 5 . 4 1 , 8 1 0 . 8 1 , 8 6 9 . 9 1 , 9 1 5 . 9
By source:
2 Personal consumption expenditures 889.6 980.4 1,094.0 1,078.5 1,102.2 1,139.0 1,172.4 1,194.0 1,218.9
3 Durabl e goods 122.0 132.9 158.9 156.7 159.3 166.3 177.0 178.6 177.6
4 Nondurabl e goods 376.3 409.3 442.7 437.1 444.7 458.8 466.6 474.4 481.8
5 Services 391.3 438.2 492.3 484.6 498.2 513.9 528.8 541.1 559.5
6 Gross private domestic investment 214.6 189.1 243.3 244.4 254.3 243.4 271.8 294.9 303.6
7 Fixed investment 205.7 200.6 230.0 226.1 232.8 244.3 258.0 273.2 280.0
8 Nonresidential 150.6 149.1 161.9 159.8 164.9 167.6 177.0 182.4 187.5
9 Structures 54.5 52.9 55.8 55.8 56.0 57.0 57.9 61.0
62.6
10 Producers' durable equipment 96.2 96.3 106.1 104.0 109.0 110.6 119.2 121.4
124.9
11 Residential structures 55.1 51.5 68.0 66.3 67.8 76.7 81.0 90.8
92.5
12 Nonfarm 52.7 49.5 65.7 64.1 65.7 74.3 78.5 88.2
89.9
13 Change in business inventories 8.9 - 11. 5 13.3 18.3 21.5 - . 9 13.8 21.7 23.6
14 Nonfarm 10.8 - 15. 1 14.9 20.4 22.0 1.4 14.1 22.4 23.1
15 Net exports of goods and services 6.0 2.0 7.8 10.2 7.9 3.0 -8.2 -9.7 - 7. 5
16 Exports 137.9 147.3 162.9 160.6 168.4 168.5 170.4 178.1 179.9
17 I mports 131.9 126.9 155.1 150.4 160.6 165.6 178.6 187.7 187.4
18 Govt, purchases of goods and services 302.7 338.9 361.4 358.9 363.0 370.0 374.9 390.6 400.9
19 Federal 111.1 123.3 130.1 128.5 130.2 134.2 136.3 143.6
148.1
20 State and local 191.5 215.6 231.2 230.4 232.7 235.8 238.5 247.0
252.9
By maj or type of product:
21 Final sales, total 1,404.0 1,540.3 1,693.1 1,673.7 1,705.8 1,756.3 1,797.0 1,848.2 1,892.2
22 Goods 638.6 686.2 764.2 761.7 746.0 774.7 805.9 827.1 843.5
23 Durabl e goods 247.8 258.2 303.4 301.9 313.4 312.6 334.4 341.0 342.3
24 Nondurabl e 390.8 428.0 460.9 459.7 464.1 460.6 471.5 486.1 501.2
25 Services 626.8 699.2 782.0 770.8 791.8 813.8 833.7 855.3 881.6
26 Structures 147.4 143.5 160.2 159.4 159.6 166.9 171.2 187.5 190.7
27 Change in business inventories 8.9 - 11. 5 13.3 18.3 21.5 - . 9 13.8 21.7 23.6
28 Durabl e goods 7.1 - 9. 2 4.1 7.0 10.7 .6 7.8 11.5 10.3
29 Nondurabl e goods 1.8 - 2. 2 9.3 11.2 12.4 - 3. 1 6.0 10.2 13.4
30 MEMO: Total GNP in 1972 dollars 1 , 2 1 7 . 8 1 , 2 0 2 . 1 1 , 2 7 4 . 7 1 , 2 7 1 . 5 1 , 2 8 3 . 7 1 , 2 8 7 . 4 1 , 3 1 1 . 0 1 , 3 3 0 . 7 1 , 3 4 7 . 4
National income
31 1 , 1 3 6 . 0 1 , 2 1 7 . 0 1 , 3 6 4 . 1 1 , 3 5 3 . 9 1 , 3 7 9 . 6 1 , 4 0 2 . 1 1 , 4 5 0 . 2 1 , 5 0 5 . 7 1 , 5 4 0 . 5
32 Compensation of employees 875.8 930.3 1,036.3 1,024.9 1,046.5 1,074.2 1,109.9 1,144.7 1,167.4
33 Wages and salaries 764.1 805.7 891.8 882.4 900.2 923.2 951.3 980.9 998.9
34 Government and Government enterpri ses.. 160.0 175.4 187.2 185.4 188.2 192.5 194.8 197.2 200.6
35 Other 604.1 630.3 704.6 697.0 712.0 730.7 756.4 783.6 798.3
36 Supplement to wages and salaries 111.7 124.6 144.5 142.5 146.3 150.9 158.6 163.8 168.5
37 Employer contributions for social
168.5
insurance 56.1 59.8 68.6 68.0 69.1 70.9 75.4 77.1 78.2
38 Other labor income 55.6 64.9 75.9 74.5 77.3 80.0 83.2 86.7 90.3
39 Proprietors' income
1
86.4 86.0 88.0 90.4 86.2 88.7 95.1 97.0 95.5
4 0 Business and professional
1
60.9 62.8 69.4 68.8 70.0 72.0 74.3 77.3 80.0
41 Farm
1
25.4 23.2 18.6 21.6 16.2 16.6 20.7 19.7 15.5
42 Rental income of persons
2
21.4 22.3 23.3 22.9 23.3 24.1 24.5 24.9
43 Corporate profits * 83.6 99.3 128.1 129.2 133.5 123.1 125.4 140.2 149.0
4 4 Profits before tax 3 126.9 123.5 156.9 159.2 159.9 154.8 161.7 174.0 172.8
45 I nventory valuation adjustment - 40. 4 - 12. 0 - 14. 1 - 15. 5 - 11. 7 - 16. 9 - 20. 6 - 17. 8 - 5. 9
46 Capital consumption adjustment - 2. 9 - 12. 2 - 14. 7 - 14. 6 - 14. 7 - 14. 8 - 15. 6 - 15. 9 - 17. 9
47 Net interest 69.0 79.1 88.4 86.5 90.1 92.0 95.3 98.9 103.1
1
With inventory valuation and capital consumption adjustments. 3 For after-tax profits, dividends, etc., see Table 1.50.
2
With capital consumption adjustments.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
January 1978
A52 Domestic Nonfinancial Statistics • February 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977
1975 1976 1977*
Q3 Q4 Ql Q2 Q3 QAP
Gross national product
1, 528. 8 1, 706. 5 1, 890. 4 1, 727. 3 1, 755. 4 1, 810. 8 1, 869. 9 1, 915. 9 1, 965. 1
980. 4
132. 9
409. 3
438. 2
1, 094. 0
158. 9
442. 7
492. 3
1, 210. 0
179. 4
480. 1
550. 6
1, 102. 2
159. 3
444. 7
498. 2
1, 139. 0
166. 3
458. 8
513. 9
1, 172. 4
177. 0
466. 6
528. 8
1, 194. 0
178. 6
474. 4
541. 1
1, 218. 9
Ml.6
481. 8
559. 5
1, 255. 3
184. 6
497. 7
572. 9
189. 1
200. 6
149. 1
52. 9
96. 3
51. 5
49. 5
243. 3
230. 0
161. 9
55. 8
106.1
68. 0
65. 7
294. 3
276. 6
185. 6
61. 6
124. 0
90. 9
88. 4
254. 3
232. 8
164. 9
56. 0
109. 0
67. 8
65. 7
243. 4
244. 3
167. 6
57. 0
110.6
76. 7
74. 3
271. 8
258. 0
177. 0
57. 9
119. 2
81. 0
78. 5
294. 9
273. 2
182. 4
61. 0
121. 4
90. 8
88. 2
303. 6
280. 0
187. 5
62. 6
124. 9
92. 5
89. 9
307. 0
295. 1
195. 5
64. 9
130.7
99. 5
97. 0
- 1 1 . 5
- 1 5 . 1
13. 3
14. 9
17. 8
17.5
21. 5
22. 0
- . 9
1. 4
13. 8
14.1
21. 7
22. 4
23. 6
23. 1
11. 9
10. 4
2. 0
147. 3
126. 9
7. 8
162. 9
155.1
- 9. 0
175. 6
184.7
7. 9
168. 4
160. 6
3. 0
168.5
165. 6
- 8. 2
170. 4
178. 6
- 9. 7
178.1
187. 7
- 7 . 5
179. 9
187. 4
- 10. 8
174. 3
185.1
338. 9
123. 3
215. 6
361. 4
130.1
231. 2
395. 0
145. 4
249. 5
363. 0
130. 2
232. 7
370. 0
134. 2
235. 8
374. 9
136. 3
238. 5
390. 6
143. 6
247. 0
400. 9
148.1
252. 9
413. 6
153. 8
259. 8
1, 540. 3
686. 2
258. 2
428. 0
699. 2
143.5
1, 693. 1
764. 2
303. 4
460. 9
782. 0
160. 2
1, 872. 7
834. 5
342. 0
492. 5
868. 4
187. 5
1, 705. 8
746. 0
313. 4
464. 1
791. 8
159. 6
1, 756. 3
774. 7
312. 6
460. 6
813. 8
166. 9
1, 797. 0
805. 9
334. 4
471. 5
833. 7
171. 2
1, 848. 2
827. 1
341. 0
486. 1
855. 3
187. 5
1, 892. 2
843. 5
342. 3
501. 2
881. 6
190.7
1, 953. 2
861. 5
350. 4
511. 1
903. 1
200. 4
- 1 1 . 5
- 9 . 2
- 2 . 2
13. 3
4. 1
9. 3
17. 8
8. 8
9 . 0
21. 5
10.7
12. 4
- . 9
. 6
- 3 . 1
13. 8
7. 8
6 . 0
21. 7
11. 5
10. 2
23. 6
10. 3
13. 4
11. 9
5. 5
6 . 4
1, 202. 1 1, 274. 7 1, 337. 6 1, 283. 7 1, 287. 4 1, 311. 0 1, 330. 7 1, 347. 4 1, 361. 4
National income
1, 217. 0 1, 364. 1 1, 520. 3 1, 379. 6 1, 402. 1 1, 450. 2
1, 109. 9
951. 3
194. 8
756. 4
158. 6
1, 505. 7 1, 540. 5
930. 3
805. 7
175. 4
630. 3
124. 6
1, 036. 3
891. 8
187. 2
704. 6
144. 5
1, 155. 8
989. 5
199. 9
789. 6
166. 3
1, 046. 5
900. 2
188. 2
712. 0
146. 3
1, 074. 2
923. 2
192.5
730. 7
150. 9
1, 450. 2
1, 109. 9
951. 3
194. 8
756. 4
158. 6
1, 144. 7
980. 9
197. 2
783. 6
163. 8
1, 167. 4
998. 9
200. 6
798. 3
168. 5
1, 201. 3
1, 027. 1
206. 9
820. 2
174. 2
59. 8
64. 9
68. 6
75. 9
11.1
88.6
69. 1
77. 3
70. 9
80. 0
75. 4
83. 2
77. 1
86. 7
78. 2
90. 3
80. 2
94. 0
86. 0
62. 8
23. 2
88. 0
69. 4
18. 6
97. 9
78. 4
19.5
86. 2
70. 0
16. 2
88. 7
72. 0
16. 6
95. 1
74. 3
20. 7
97. 0
77. 3
19. 7
95. 5
80. 0
15. 5
104. 2
82. 0
22. 1
22. 3 23. 3 25. 3 23. 3 24. 1 24. 5 24. 9 25. 5 26. 4
99. 3 128.1 140. 8 133.5 123.1 125. 4 140. 2 149. 0
123.5 156. 9 172.1 159. 9 154. 8 161. 7 174. 0 172. 8
- 1 2 . 0
- 1 2 . 2
- 1 4 . 1
- 1 4 . 7
- 1 4 . 5
- 1 7 . 2
- 1 1 . 7
- 1 4 . 7
- 1 6 . 9
- 1 4 . 8
- 2 0 . 6
- 1 5 . 6
- 1 7 . 8
- 1 5 . 9
- 5 . 9
- 1 7 . 9
- 1 3 . 8
- 1 9 . 4
79. 1 88. 4 100. 9 90. 1 92. 0 95. 3 98. 9 103.1 106. 4
Account
1 Total
By source:
2 Personal consumption expenditures...
3 Durable goods
4 Nondurable goods
5 Services
6 Gross private domestic investment
7 Fixed investment
8 Nonresidential
9 Structures
10 Producers' durable equipment
11 Residential structures
12 Nonfarm
13 Change in business i nvent ori es. . .
14 Nonfarm
15 Net exports of goods and services....
16 Exports
17 Imports
18 Govt, purchases of goods and services.
19 Federal
20 State and local
By major type of product:
21 Final sales, total
22 Goods
23 Durable goods
24 Nondurable
25 Services
26 Structures
27 Change in business inventories
28 Durable goods
29 Nondurable goods
30 MEMO: Total GNP in 1972 dol l ars. . .
31 Total
32 Compensation of employees
33 Wages and salaries
34 Government and Government enterprises
35 Other
36 Supplement to wages and salaries
37 Employer contributions for social
insurance
38 Other labor income
39 Proprietors' income
1
40 Business and professional
1
41 Farm
1
42 Rental income of persons
2
43 Corporate profits
1
44 Profits before tax 3
45 Inventory valuation adjustment
46 Capital consumption adjustment
47 Net interest
1
With inventory valuation and capital consumption adjustments.
2 With capital consumption adjustments.
3 For after-tax profits, dividends, etc., see Table 1.50.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
February 1978
A52 Domestic Nonfinancial Statistics   March 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1975 1976 1977
1976 1977
Q3 Q4
Ql
Q2 Q3 Q4
Gross national product
1 1,528.8 1,706.5 1,890.1 1,727.3 1,755.4 1,810.8 1,869.9 1,915.9 1,963.7
By source:
2 Personal consumption expenditures................... 980.4 1,094.0 1,211.4 1,102.2 1,139.0 1,172.4 1,194.0 1,218.9 1,260.2
3 Durable goods.............................................. 132.9 158.9 179.9 159.3 166.3 177.0 178.6 177.6 186.3
4 Nondurable goods........................................ 409.3 442.7 480.7 444.7 458.8 466.6 474.4 481.8 500.0
5 Services.......................................................... 438.2 492.3 ' 550.8 498.2 513.9 528.8 541.1 559.5 573.9
6 Gross private domestic investment.................... 189.1 243.3 293.9 254.3 243.4 271.8 294.9 303.6 305.2
7 Fixed investment........................................... 200.6 230.0 216 A 232.8 244.3 258.0 273.2 280.0 294.5
8 Nonresidential............................................ 149.1 161.9 185.5 164.9 167.6 177.0 182.4
187.5 194.9
9 Structures............................................... 52.9 55.8 61.6 56.0 57.0 57.9 61.0
62.6 64.8
10 Producers’ durable equipment............. 96.3 106.1 123.9 109.0 110.6 119.2 121.4
124.9 130.1
11 Residential structures............................... 51.5 68.0 91.0 67.8 76.7 81.0 90.8 92.5 99.6
12 Nonfarm................................................ 49.5 65.7 88.4 65.7 74.3 78.5 88.2
89.9 97.0
13 Change in business inventories.................... -11.5 13.3 17.4 21.5 - .9 13.8 21.7 23.6 10.7
14 Nonfarm.................................................... -15.1 14.9 16.4 22.0 1.4 14.1 22.4 23.1 6.2
15 2.0 7.8 - 1 0 . 1 7.9 3.0 - 8 . 2 - 9 . 7 - 7 . 5 - 1 5 . 1
16 Exports.......................................................... 147.3 162.9 175.5 168.4 168.5 170.4 178.1 179.9 173.6
17 I mports.......................................................... 126.9 155.1 185.6 160.6 165.6 178.6 187.7 187.4 188.7
18 Govt, purchases of goods and services.............. 338.9 361.4 394.9 363.0 370.0 374.9 390.6 400.9 413.4
19 Federal........................................................... 123.3 130.1 145.5 130.2 134.2 136.3 143.6
148.1 153.8
20 State and local.............................................. 215.6 231.2 249.5 232.7 235.8 238.5 247.0
252.9 259.6
By major type of product:
21 Final sales, total................................................ 1,540.3 1,693.1 1,872.6 1,705.8 1,756.3 1,797.0 1,848.2 1,892.2 1,953.0
22 Goods............................................................. 686.2 764.2 834.4 746.0 774.7 805.9 827.1 843.5 861.1
23 Durable goods........................................... 258.2 303.4 341.4 313.4 312.6 334.4 341.0 342.3 347.9
24 Nondurable................................................ 428.0 460.9 493.0 464.1 460.6 471.5 486.1 501.2 513.2
25 699.2 782.0 868.3 791.8 813.8 833.7 855.3 881.6 902.4
26 143.5 160.2 187.4 159.6 166.9 171.2 187.5 190.7 200.2
27 -11.5 13.3 17.4 21.5 - .9 13.8 21.7 23.6 10.7
28 Durable goods............................................... -9.2 4.1 8.7 10.7 .6 7.8 11.5 10.3 5.0
29 Nondurable goods........................................ -2.2 9.3 8.8 12.4 -3.1 6.0 10.2 13.4 5.7
30 Memo: Total GNP in 1972 dollars................... 1,202.1 1,274.7 1,337.5 1,283.7 1,287.4 1,311.0 1,330.7 1,347.4 1,360.7
National income
1,217.0 1,364.1 1,519.8 1,379.6 1,402.1 1,450.2 1,505.7 1,540.5
32 Compensation of employees................................ 930.3 1,036.3 1,156.2 1,046.5 1,074.2 1,109.9 1,144.7 1,167.4 1,202.8
33 Wages and salaries............................................ 805.7 891.8 989.9 900.2 923.2 951.3 980.9 998.9 1,028.5
34 Government and Government enterprises.. 175.4 187.2 199.9 188.2 192.5 194.8 197.2 200.6 206.9
35 Other.............................................................. 630.3 704.6 790.0 712.0 730.7 756.4 783.6 798.3 821.6
36 Supplement to wages and salaries..................... 124.6 144.5 166.3 146.3 150.9 158.6 163.8 168.5 174.2
37 Employer contributions for social
59.8 68.6 11.1 69.1 70.9 75.4 1 1 . 1 78.2 80.2
38 Other labor income...................................... 64.9 75.9 88.6 77.3 80.0 83.2 86.7 90.3 94.0
86.0 88.0 98.1 86.2 88.7 95.1 97.0 95.5 105.0
40 Business and professional1............................... 62.8 69.4 78.5 70.0 72.0 74.3 77.3 80.0 82.4
41 Farm1................................................................ 23.2 18.6 19.7 16.2 16.6 20.7 19.7 15.5 22.7
42 Rental income of persons2................................... 22.3 23.3 25.3 23.3 24.1 24.5 24.9 25.5 26.4
43 Cnrnnrafp nrnfit«s 1...................................................
99.3 128.1 139.3 133.5 123.1 125.4 140.2 149.0
44 Profits before tax3............................................ 123.5 156.9 171.2 159.9 154.8 161 7 174.0 172.8
45 Inventory valuation adjustment....................... -12.0 -14.1 -14.6 -11.7 -16.9 -20.6 -17.8 -5.9 -14.1
46 Capital consumption adjustment..................... -12.2 -14.7 -17.2 -14.7 -14.8 -15.6 -15.9 -17.9 -19.4
47 Net interest............................................................ 79.1 88.4 100.8 90.1 92.0 95.3 98.9 103.1 106.0
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., see Table 1.50.
2With capital consumption adjustments.
Source.—Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
March 1978
A52 Domestic Nonfinancial Statistics   April 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1975 1976 1977 r
1976 1977
Q3 Q4
Ql
Q2 Q3 Q4r
Gross national product
1 1,528.8 1,706.5 1,889.6 1,727.3 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8
By source:
2 Personal consumption expenditures........................ 980.4 1,094.0 1,277.2 1,102.2 1,159.0 1,172.4 1,194.0 1,218.9 1,259.5
3 132.9 158.9 179.8 159.3 166.3 177.0 178.6 177.6 186.0
4 409.3 442.7 480.7 444.7 458.8 466.6 474.4 481.8 499.9
5 Services.......................................................... 438.2 492.3 550.7 498.2 513.9 528.8 541.1 559.5 573.7
6 Gross private domestic investment.......................... 189.1 243.3 294.2 254.3 243.4 271.8 294.9 303.6 306.7
7 Fixed investment........................................... 200.6 230.0 276.1 232.8 244.3 258.0 273.2 280.0 293.2
8 Nonresidential......................................................... 149.1 161.9 185.1 164.9 167.6 177.0 182.4 187.5 193.5
9 52.9 55.8 61.5 56.0 57.0 57.9 61.0 62.6 64.5
10 Producers’ durable equipment.............. 96.3 106.1 123.6 109.0 110.6 119.2 121.4 124.9
129.0
11 Residential structures............................... 51.5 68.0 91.0 67.8 76.7 81.0 90.8 92.5 99.7
12 Nonfarm................................................ 49.5 65.7 88.4 65.7 74.3 78.5 88.2
89.9
97.1
13 Change in business inventories.................... -11.5 13.3 18.2 21.5 - .9 13.8 21.7 23.6 13.5
14 Nonfarm.................................................... -15.1 14.9 17.1 22.0 1.4 14.1 22.4 23.1 9.0
15 Net exports of goods and services........................... 2.0 7.8 - 1 0 . 9 7.9 3.0 - 8 . 2 - 9 . 7 —7.5 - 1 8 . 2
16 Exports.......................................................... 147.3 162.9 174.7 168.4 168.5 170.4 178.1 179.9 170.6
17 126.9 155.1 185.6 160.6 165.6 178.6 187.7 187.4 188.8
18 Govt. purchases of goods and services.................. 338.9 361.4 395.0 363.0 370.0 374.9 390.6 400.9 413.8
19 123.3 130.1 145.4 130.2 134.2 136.3 143.6 148.1 153.8
20 State and local.............................................. 215.6 231.2 249.6 232.7 235.8 238.5 247.0 252.9 260.0
By major type of product:
21 1,540.3 1,693.1 1,871.4 1,705.8 1,756.3 1,797.0 1,848.2 1,892.2 1,948.2
22 Goods................................................................................ 686.2 764.2 834.7 746.0 774.7 805.9 827.1 843.5 862.5
23 Durable goods........................................... 258.2 303.4 341.3 313.4 312.6 334.4 341.0 342.3 347.6
24 Nondurable................................................ 428.0 460.9 493.4 464.1 460.6 471.5 486.1 501.2 514.9
25 699.2 782.0 867.4 791.8 813.8 833.7 855.3 881.6 898.8
26 143.5 160.2 187.5 159.6 166.9 171.2 187.5 190.7 200.4
27 -11.5 13.3 18.2 21.5 - .9 13.8 21.7 23.6
13.5
28 - 9.2 4.1 9.1 10.7 .6 7.8 11.5 10.3 6.8
29 Nondurable goods........................................ - 2.2 9.3 9.1 12.4 -3.1 6.0 10.2 13.4 6.8
30 1,202.1 1,274.7 1,337.3 1,283.7 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2
National income
31 1,217.0 1,364.1 1,520.5 1,379.6 1,402.1 1,450.2 1,505.7 1,540.5 1,585.4
930.3 1,036.3 1,156.3 1,046.5 1,074.2 1,109.9 1,144.7 1,167.4 1,203.3
33 805.7 891.8 990.0 900.2 923.2 951.3 980.9 998.9 1,029.1
34 Government and Government enterprises.. 175.4 187.2 199.9 188.2 192.5 194.8 197.2 200.6 206.9
35 630.3 704.6 790.1 712.0 730.7 756.4 783.6 798.3 822.2
36 Supplement to wages and salaries........................... 124.6 144.5 166.3 146.3 150.9 158.6 163.8 168.5 174.3
37 Employer contributions for social
59.8 68.6 77.7 69.1 70.9 75.4 77.1 78.2 80.2
38 64.9 75.9 88.6 77.3 80.0 83.2 86.7 90.3 94.0
86.0 88.0 98.2 86.2 88.7 95.1 97.0 95.5 705.0
40 Business and professional1............................... 62.8 69.4 78.5 70.0 72.0 74.3 77.3 80.0 82.4
41 23.2 18.6 19.7 16.2 16.6 20.7 19.7 15.5 22.7
42 Rental income of persons2................................... 22.3 23.3 25.3 23.3 24.1 24.5 24.9 25.5 26.4
43 Corporate profits1................................................ 99.3 128.1 139.8 133.5 123.1 125.4 140.2 149.0 144.5
44 123.5 156.9 171.6 159.9 154.8 161.7 174.0 172.8 178.0
45 Inventory valuation adjustment....................... -12.0 -14.1 -14.6 -11.7 -16.9 -20.6 -17.8 - 5.9 -14.1
46 Capital consumption adjustment..................... -12.2 -14.7 -17.2 -14.7 -14.8 -15.6 -15.9 -17.9 -19.4
47 Net interest............................................................ 79.1 88.4 100.9 90.1 92.0 95.3 98.9 103.1 106.1
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., see Table 1.50.
2With capital consumption adjustments.
Source.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
April 1978
National Income Accounts A53
2.17 PERSONAL I NCOM E AND SAVI NG
Billions of current dollars; quarterly data are at seasonally adjusted annual rates. Exceptions noted.
Account
1975 1976 1977
1976 1977 1978
Q4 Ql
Q2 Q3 Q4 Ql*
Personal income and saving
1 Total personal income............................................... 1,253.4 1,382.7 1,536.7 1,432.2 1,476.8 1,517.2 1,549.8 1,603.0 1,636.7
2 Wage and salary disbursements............................... 805.7 891.8 990.0 923.2 951.3 980.9 998.9 1,029.1 1,057.4
3 Commodity-producing industries...................... 275.0 308.4 346.4 317.7 328.9 345.4 351.0 360.2 370.1
4 Manufacturing................................................... 211.0 238.2 267.3 245.1 255.4 265.9 270.0 278.0 288.5
5 Distributive industries.......................................... 195.4 217.1 242.8 226.4 234.5 240.5 244.4 251.8 260.6
6 Service industries................................................... 159.9 179.0 200.9 186.7 193.0 197.7 202.8 210.2 216.8
7 Government and government enterprises........ 175.4 187.2 199.9 192.5 194.8 197.2 200.6 206.9 209.9
8 Other labor income................................................... 64.9 75.9 88.6 80.0 83.2 86.7 90.3 94.0 97.8
9 Proprietors’ income1.................................................. 86.0 88.0 98.2 88.7 95.1 97.0 95.5 105.0 102.4
10 Business and professional1.................................. 62.8 69.4 78.5 72.0 74.3 77.3 80.0 82.4 82.8
11 Farm1...................................................................... 23.2 18.6 19.7 16.6 20.7 19.7 15.5 22.7 19.7
12 Rental income of persons 2...................................... 22.3 23.3 25.3 24.1 24.5 24.9 25.5 26.4 26.9
13 Dividends.................................................................... 32.4 35.8 41.2 38.4 38.5 40.3 42.3 43.6 43.8
14 Personal interest income.......................................... 115.6 130.3 147.8 136.4 140.3 145.4 150.3 155.2 159.8
15 Transfer payments..................................................... 176.8 192.8 206.9 198.0 203.5 203.0 208.7 212.6 216.1
16 Old-age survivors, disability, and health
insurance benefits.......................................... 81.4 92.9 105.0 98.4 99.9 101.8 108.5 r110.0 111.7
17 Le s s : Personal contributions for social
insurance............... .......................................... 50.4 55.2 61.3 56.6 59.6 60.8
61.7
62.9 67.5
18 Eq ua l s : Personal income....................................... 1,253.4 1,382.7 1,536.7 1,432.2 1,476.8 1,517.2 1,549.8 1,603.0 1,636.7
19 Le s s : Personal tax and nontax payments.. . . 169.0 196.9 227.5 209.5 224.4 224.8 226.1 234.7 236.3
20 Eq ua l s : Disposable personal income.................. 1,084.4 1,185.8 1,309.2 1,222.6 1,252.4 1,292.5 1,323.8 1,368.3 1,400.5
21 Le s s : Personal outlays........................................ 1,004.2 1,119.9 1,241.9 1,166.3 1,201.0 1,223.9 1,250.5 1,292.2 1,317.9
22 Equa l s : Personal saving......................................... 80.2 65.9 67.3 56.3 51.4 68.5 73.3 76.1 82.6
Memo it ems :
Per capita (1972 dollars):
23 Gross national product........................................ 5,629 5,924 6,167 5,966 6,064 6,143 6,206 6,254 6,234
24 Personal consumption expenditures.................. 3,629 3,817 3,971 3,892 3,934 3,943 3,963 4,045 4,035
25 Disposable personal income..................... .. 4,014 4,137 4,293 4,177 4,202 4,268 4,305 4,394 4,401
26 Saving rate (per cent)............................................... 7.4 5.6 5.1 4.6 4.1 5.3 5.5 5.6 5.9
Gross saving
27 Gross private saving.................................................. 259.4
80.2
16.7
- 1 2 . 0
101.7
60.8
272.5
65.9
27.6
- 1 4 . 1
111.8
67.2
'293.9
67.3
29.5
- 1 4 . 6
121.9
75.1
261.6
56.3
20.8
- 1 6 . 9
115.2
69.2
262.9
51.4
22.5
- 2 0 . 6
117.6
71.4
292.1
68.5
30.3
- 1 7 . 8
119.4
73.8
310.5
73.3
37.4
- 5 . 9
123.7
76.2
'309.9
76.1
'27.9
- 1 4 . 1
127.0
78.9
28 Personal saving......................................................
29 Undistributed corporate profits1.......................
30 Corporate inventory valuation adjustment.. . .
Capital consumption allowances:
31 Corporate............................................................
32 Noncorporate.....................................................
33 Wage accruals less disbursements.....................
82.6
—24.6
130.1
80.7
34 Government surplus, or deficit ( —), national
income and product accounts........................... - 6 4 . 3
- 7 0 . 2
5.9
- 3 5 . 6
- 5 4 . 0
18.4
- 2 0 . 3
- 4 9 . 5
29.2
- 2 9 . 4
- 5 5 . 9
26.5
- 1 1 . 5
- 3 8 . 8
27.3
- 1 4 . 9
- 4 0 . 3
25.4
- 2 6 . 0
- 5 8 . 9
32.9
r —28.9
' - 6 0 . 0
31.1
35 Federal....................................................................
36 State and local.......................................................
37 Capital grants received by the United States,
38 Investment................................................................... 201.0 242.5 273.3 237.5 254.7 276.1 285.4 277.2 278.5
39 Gross private domestic........................................ 189.1 243.3 294.2 243.3 271.8 294.9 303.6 306.7 314.4
40 Net foreign............................................................. 11.8 - . 9 - 2 0 . 9 - 5 . 9 - 1 7 . 1 - 1 8 . 8
- 1 8 . 2
- 2 9 . 5 - 3 5 . 8
41 Statistical discrepancy.............................................. 5.9 5.5 - . 2 5.3 3.3 - 1 . 2 .9 ' - 3 . 9
1 With inventory valuation and capital consumption adjustments. Source.—Survey of Current Business (U.S. Dept, of Commerce).
2 With capital consumption adjustment.
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
May 1978
A52 Domestic Nonfinancial Statistics □ June 1978
2.16 GROSS NA T I ONA L PRODU CT A ND I NCOM E
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977 1978
Account 1975 1976 1977
Q4
Ql
Q2 Q3 Q4 Ql
1 Total........................................................
By source:
2 Personal consumption expenditures. ..
3 Durable goods...............................
4 Nondurable goods.........................
5 Services...........................................
6 Gross private domestic investment
7 Fixed investment...........................
8 Nonresidential.............................
9 Structures............................
10 Producers’ durable equipment
11 Residential structures................
12 Nonfarm.................................
13 Change in business inventories...
14 Nonfarm.....................................
15 Net exports of goods and services. ...
16 Exports...........................................
17 Imports...........................................
18 Govt, purchases of goods and services,
19 Federal............................................
20 State and local...............................
By major type of product:
21 Final sales, total.................................
22 Goods..............................................
23 Durable goods...........................
24 Nondurable...............................
25 Services...........................................
26 Structures.......................................
27 Change in business inventories........
28 Durable goods...............................
29 Nondurable goods.........................
30 M emo: Total GNP in 1972 dollars...
Gross national product
1,528.8 1,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1,993.4
980.4
132.9
409.3
438.2
1,094.0
158.9
442.7
492.3
1,211.2
179.8
480.7
550.7
1,139.0
166.3
458.8
513.9
1,172.4
177.0
466.6
528.8
1,194.0
178.6
474.4
541.1
1,218.9
177.6
481.8
559.5
1,259.5
186.0
499.9
573.7
1,281.9
183.2
503.9
594.8
189.1
200.6
149.1
52.9
96.3
51.5
49.5
243.3
230.0
161.9
55.8
106.1
68.0
65.7
294.2
276.1
185.1
61.5
123.6
91.0
88.4
243.4
244.3
167.6
57.0
110.6
76.7
74.3
271.8
258.0
177.0
57.9
119.2
81.0
78.5
294.9
273.2
182.4
61.0
121.4
90.8
88.2
303.6
280.0
187.5
62.6
124.9
92.5
89.9
306.7
293.2
193.5
64.5
129.0
99.7
97.1
319.5
299.8
199.7
66.0
133.6
100.1
97.3
-11.5
-15.1
13.3
14.9
18.2
17.1
- .9
1.4
13.8
14.1
21.7
22.4
23.6
23.1
13.5
9.0
19.7
18.9
20.4
147.3
126.9
7.8
162.9
155.1
- 1 0 . 9
174.7
185.6
3.0
168.5
165.6
- 8 . 2
170.4
178.6
—9.7
178.1
187.7
- 7.5
179.9
187.4
- 1 8 . 2
170.6
188.8
- 2 4 . 6
180.3
204.8
338.9
123.3
215.6
361.4
130.1
231.2
395.0
145.4
249.6
370.0
134.2
235.8
374.9
136.3
238.5
390.6
143.6
247.0
400.9
148.1
252.9
413.8
153.8
260.0
416.6
152.7
263.9
1,540.3
686.2
258.2
428.0
699.2
143.5
1,693.1
764.2
303.4
460.9
782.0
160.2
1,871.4
834.7
341.3
493.4
867.4
187.5
1,756.3
774.7
312.6
r463.6
813.8
166.9
1,797.0
805.9
334.4
471.5
833.7
171.2
1,848.2
827.1
341.0
486.1
855.3
187.5
1,892.2
843.5
342.3
501.2
881.6
190.7
1,948.2
862.5
347.6
514.9
898.8
200.4
1,973.7
863.8
348.8
515.0
929.8
199.8
-11.5
-9.2
-2.2
13.3
4.1
9.3
18.2
9.1
9.1
- .9
.6
r —1.6
13.8
7.8
6.0
21.7
11.5
10.2
23.6
10.3
13.4
13.5
6.8
6.8
19.7
14.3
5.5
1,202.1 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,358.8
National income
31 1,217.0 1,364.1 1,520.5 1,402.1 1,450.2 1,505.7 1,540.5 1,585.7 1,609.9
930.3 1,036.3 1,156.3 1,074.2 1,109.9 1,144.7 1,167.4 1,203.3 1,243.5
33 Wages and salaries............................................ 805.7 891.8 990.0 923.2 951.3 980.9 998.9 1,029.1 1,058.4
34 Government and Government enterprises.. 175.4 187.2 199.9 192.5 194.8 197.2 200.6 206.9 209.9
35 Other.............................................................. 630.3 704.6 790.1 730.7 756.4 783.6 798.3 822.2 848.5
36 Supplement to wages and salaries..................... 124.6 144.5 166.3 150.9 158.6 163.8 168.5 174.3 185.1
37 Employer contributions for social
insurance................................................ 59.8 68.6 77.7 70.9 75.4 11A 78.2 80.2 87.4
38 Other labor income....................................... 64.9 75.9 88.6 80.0 83.2 86.7 90.3 94.0 97.8
86.0 88.0 98.2 88.7 95.1 97.0 95.5 105.0 103.1
40 Business and professional1............................... 62.8 69.4 78.5 72.0 74.3 77.3 80.0 82.4 82.9
41 Farm1................................................................ 23.2 18.6 19.7 16.6 20.7 19.7 15.5 22.7 20.2
42 Rental income of persons2................................... 22.3 23.3 25.3 24.1 24.5 24.9 25.5 26.4 26.9
43 Corporate profits1................................................ 99.3 128.1 139.9 123.1 125.4 140.2 149.0 144.8 126.8
44 Profits before tax3............................................ 123.5 156.9 171.7 154.8 161.7 174.0 172.8 178.3 172.2
45 Inventory valuation adjustment....................... -12.0 -14.1 -14.6 -16.9 -20.6 -17.8 -5.9 -14.1 -24.8
46 Capital consumption adjustment..................... -12.2 -14.7 -17.2 -14.8 -15.6 -15.9 -17.9 -19.4 -20.6
47 Net interest............................................................ 79.1 88.4 100.9 92.0 95.3 98.9 103.1 106.1 109.6
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, etc., see Table 1.50.
2With capital consumption adjustments.
Source.—Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
June 1978
A52 Domestic Nonfinancial Statistics   July 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977 1978
Account 1975 1976 1977
Q4 Ql
Q2 Q3 Q4 Q l '
Gross national product
1
By source:
1,528.8 1,706.5 1,889.6 1,755.4 1,810.8 1,869.9 1,915.9 1,961.8 1,995.3
2 Personal consumption expenditures..................... 980.4 1,094.0 1,211.2 1,139.0 1,172.4 1,194.0 1,218.9 1,259.5 1,282.4
3 Durable goods................................................... 132.9 158.9 179.8 166.3 177.0 178.6 177.6 186.0 183.5
4 Nondurable goods............................................ 409.3 442.7 480.7 458.8 466.6 474.4 481.8 499.9 504.3
5 Services................................................................ 438.2 492.3 550.7 513.9 528.8 541.1 559.5 573.7 594.6
6 Gross private domestic investment...................... 189.1 243.3 294.2 243.4 271.8 294.9 303.6 306.7 320.0
7 Fixed investment............................................... 200.6 230.0 276.1 244.3 258.0 273.2 280.0 293.2 299.0
8 Nonresidential................................................ 149.1 161.9 185.1 167.6 177.0 182.4 187.5 193.5 198.8
9 Structures.................................................... 52.9 55.8 61.5 57.0 57.9 61.0
62.6 64.5 66.2
10 Producers’ durable equipment............... 96.3 106.1 123.6 110.6 119.2 121.4 124.9 129.0 132.6
11 Residential structures.................................. 51.5 68.0 91.0 76.7 81.0 90.8 92.5 99.7 100.1
12 Nonfarm..................................................... 49.5 65.7 88.4 74.3 78.5 88.2
89.9
97.1 97.3
13 Change in business inventories...................... -11.5 13.3 18.2 - . 9 13.8 21.7 23.6 13.5 21.4
14 Nonfarm......................................................... -15.1 14.9 17.1 1.4 14.1 22.4 23.1 9.0 20.3
15 Net exports of goods and services....................... 20.4 7.8 - 1 0 . 9 3.0 - 8 . 2 - 9 . 7 - 7 . 5 - 1 8 . 2 —23.7
16 Exports................................................................ 147.3 162.9 174.7 168.5 170.4 178.1 179.9 170.6 180.5
17 I mports............................................................... 126.9 155.1 185.6 165.6 178.6 187.7 187.4 188.8 204.2
18 Govt, purchases of goods and services................ 338.9 361.4 395.0 370.0 374.9 390.6 400.9 413.8 416.6
19 Federal................................................................. 123.3 130.1 145.4 134.2 136.3 143.6
148.1 153.8 152.7
20 State and local...................................................
By major type of product:
215.6 231.2 249.6 235.8 238.5 247.0
252.9 260.0 263.8
21 1,540.3 1,693.1 1,871.4 1,756.3 1,797.0 1,848.2 1,892.2 1,948.2 1,974.3
22 686.2 764.2 834.7 774.7 805.9 827.1 843.5 862.5 865.4
23 Durable goods............................................... 258.2 303.4 341.3 312.6 334.4 341.0 342.3 347.6 348.6
24 Nondurable.................................................... 428.0 460.9 493.4 '463.6 471.5 486.1 501.2 514.9 515.8
25 Services............................................................... 699.2 782.0 867.4 813.8 833.7 855.3 881.6 898.8 930.0
26 Structures............................................................ 143.5 160.2 187.5 166.9 171.2 187.5 190.7 200.4 199.9
27 Change in business inventories.......................... -11.5 13.3 18.2 - . 9 13.8 21.7 23.6
13.5 21.1
28 Durable goods................................................... - 9.2 4.1 9.1 .6 7.8 11.5 10.3 6.8 15.5
29 Nondurable goods............................................ - 2.2 9.3 9.1 ' —1.6 6.0 10.2 13.4 6.8 5.6
30 1,202.1 1,274.7 1,337.3 1,287.4 1,311.0 1,330.7 1,347.4 1,360.2 1,360.3
National income
31 Total.........................................................................
32 Compensation of employees...............................
33 Wages and salaries............................................
34 Government and Government enterprises
35 Other...............................................................
36 Supplement to wages and salaries...................
37 Employer contributions for social
insurance.................................................
38 Other labor income......................................
39 Proprietors' income1..............................................
40 Business and professional1..............................
41 Farm1..................................................................
42 Rental income of persons2..................................
43 Corporate profits1.................................................
44 Profits before tax 3............................................
45 Inventory valuation adjustment.....................
46 Capital consumption adjustment...................
47 Net interest.............................................................
1,217.0
930.3
805.7
175.4
630.3
124.6
59.8
64.9
86.0
62.8
23.2
22.3
99.3
123.5
- 12.0
- 12.2
79.1
1,364.1
1,036.3
891.8
187.2
704.6
144.5
68.6
75.9
88.0
69.4
18.6
23.3
128.1
156.9
-14.1
-14.7
88.4
1,520.5
1,156.3
990.0
199.9
790.1
166.3
77.7
88.6
98.2
78.5
19.7
25.3
139.9
171.7
-14.6
-17.2
100.9
1.402.1
1.074.2
923.2
192.5
730.7
150.9
70.9
80.0
88.7
72.0
16.6
24.1
123.1
154.8
-16.9
- 14.8
92.0
1,450.2
1,109.9
951.3
194.8
756.4
158.6
75.4
83.2
95.1
74.3
20.7
24.5
125.4
161.7
- 20.6
-15.6
95.3
1.505.7
1.144.7
980.9
197.2
783.6
163.8
77.1
86.7
97.0
77.3
19.7
24.9
140.2
174.0
-17.8
- 15.9
98.9
1,540.5
1,167.4
998.9
200.6
798.3
168.5
78.2
90.3
95.5
80.0
15.5
25.5
149.0
172.8
- 5.9
-17.9
103.1
1,585.7
1,203.3
7,029./
206.9
822.2
174.3
80.2
94.0
105.0
82.4
22.7
26.4
144.8
178.3
-14.1
-19.4
106.1
1,609.9
1,243.8
1,058.7
209.9
848.8
185.1
87.4
97.8
103.3
83.1
20.2
26.9
126.5
171.9
- 24.8
- 20.6
109.4
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3For after-tax profits, dividends, etc., see Table 1.50.
So u r c e.—Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
July 1978
A52 Domesti c Nonfi nanci al Statistics □ August 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1975 r 1976 r 1977 r
1911r 1978
Account
Ql Q2 Q3 Q4 Ql
Q2p
Gross national product
1
By source:
1,528.8 1,700.1 1,887.2 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0 2,076.9
2 Personal consumption expenditures..................... 979.1 1,090.2 1,206.5 1,167.7 1,188.6 1,214.5 1,255.2 1,276.7 1,324.0
3 132.6 156.6 178.4 173.2 175.6 111 A 187.2 183.5 197.3
4 Nondurable goods............................................ 408.9 442.6 479.0 465.9 473.6 479.7 496.9 501.4 518.6
5 437.5 491.0 549.2 528.6 539.4 557.5 571.1 591.8 608.1
6 Gross private domestic investment...................... 190.9 243.0 297.8 272.5 295.6 309.7 313.5 322.7 342.2
7 201.6 232.8 282.3 262.2 278.6 287.8 300.5 306.0 321.5
8 150.2 164.6 190.4 180.6 187.2 193.5 200.3 205.6 216.7
9 53.8 57.3 63.9 59.3 63 A 65.4 61A 68.5 74.2
10 Producers’ durable equipment............... 96.4 107.3 126.5 121.4 123.8 128.1 132.8 137.1 142.5
11 51.5 68.2 91.9 81.6 91.4 94.3 100.2 100.3 104.8
12 49.5 65.8 88.9 78.6 88.4 91.2 97.5 97.3 101.7
13 Change in business inventories...................... - 1 0 . 7 10.2 15.6 10.3 17.0 21.9 13.1 16.7 20.7
14 - 1 4 . 3 12.2 15.0 11.1 16.5 22.0 10.4 16.9 22.7
15 Net exports of goods and services....................... 20.4 7.4 - 1 1 . 1 - 8 . 5 - 5 . 9 - 7 . 0 - 2 3 . 2 - 2 4 . 1 - 1 3 . 9
16 147.3 163.2 175.5 170.9 178.1 180.8 172.1 181.7 199.4
17 126.9 155.7 186.6 179.4 184.0 187.8 195.2 205.8 213.3
18 Govt, purchases of goods and services................ 338.4 359.5 394.0 375.0 388.8 399.5 412.5 416.7 424.6
19 123.1 129.9 145.1 138.3 142.9 146.8 152.2 151.5 147.4
20
By major type of product:
215.4 229.6 248.9 236.7 245.9 252.7 260.3 265.2 277.2
21 1,539.6 1,689.9 1,871.6 1,796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,056.2
22 686.6 760.3 832.6 800.2 825.8 844.7 859.6 861.8 907.1
23 Durable goods............................................... 259.0 304.6 341.3 332.2 339.1 346.5 347.4 351.2 372.1
24 427.5 455.7 491.3 468.0 486.7 498.2 512.2 510.6 534.9
25 697.6 778.0 862.8 832.3 850.0 875.3 893.6 926.4 949.2
26 144.7 161.9 191.8 174.3 191.3 196.8 204.9 203.8 220.6
27 Change in business inventories.......................... - 1 0 . 7 10.2 15.6 10.3 17.0 21.9 13.1 16.7 20.7
28 - 8 . 9 5.3 8.4 6.1 9.1 11.9 6.3 14.8 11.2
29 Nondurable goods............................................ - 1.8 4.9 7.2 4.2 7.9 10.0 6.8 1.9 9.5
30 Me mo : Total GNP in 1972 dollars..................... 1,202.3 1,271.0 1,332.7 1,306.7 1,325.5 1,343.9 1,354.5 1,354.2 1,378.6
National income
31 Total.........................................................................
32 Compensation of employees...............................
33 Wages and salaries............................................
34 Government and Government enterprises
35 Other................................................................
36 Supplement to wages and salaries...................
37 Employer contributions for social
insurance....................... .........................
38 Other labor income......................................
39 Proprietors’ income1..............................................
40 Business and professional1..............................
41 Farm1..................................................................
42 Rental income of persons2..................................
43 Corporate profits1.................................................
44 Profits before tax3............................................
45 Inventory valuation adjustment.....................
46 Capital consumption adjustment...................
47 Net interest.............................................................
1,215.0
931.1
805.9
175.4
630.4
125.2
60.1
65.1
87.0
63.5
23.5
22.4
95.9
120.4
- 1 2 . 4
-12.0
78.6
1,359,2
1,036.8
890.1
187.6
702.5
146.7
69.7
77.0
88.6
70.2
18.4
22.5
127.0
155.9
- 1 4 . 5
- 1 4 . 4
84.3
1.515.3
1.153.4
983.6
200.8
782.9
169.8
19 A
90.4
99.8
79.5
20.3
22.5
144.2
173.9
- 1 4 . 8
- 1 4 . 9
95.4
1,447.5
1,107.9
946.4
195.2
751.2
161.5
76.6
84.9
95.6
76.1
19.4
22.5
129.9
164.8
- 2 0 . 3
- 1 4 . 6
91.7
1,499.3
1,140.5
973.4
198.1
775.3
167.1
78.6
88.5
98.9
78.9
20.0
22.4
143.7
175.1
- 1 6 . 6
- 1 4 . 8
93.7
1,537.6
1,165.8
993.6
201.7
791.9
172.2
79.9
92.2
97.2
80.8
16.5
22.4
154.8
177.5
- 7 . 7
- 1 5 . 0
97.3
1,576.9
1,199.7
1,021.2
208.1
813.1
178.4
82.4
96.1
107.3
82.3
25.1
22.7
148.2
178.3
- 1 4 . 8
- 1 5 . 3
99.0
1,603.1
1,241.0
1,050.8
211.4
839.3
190.2
90.2
100.0
105.0
83.1
21.9
22.8
132.6
172.1
- 2 3 . 5
- 1 6 . 1
101.7
1,286.1
1,088.7
213.9
874.7
197.5
93.4
104.0
110.6
86.1
24.5
23.0
- 2 4 . 8
- 1 6 . 7
104.2
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3For after-tax profits, dividends, etc., see Table 1.50.
Source.—Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
August 1978
A52 Domestic Nonfinancial Statistics □ September 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1975 1976 1977
1977 1978
Account
Ql Q2 Q3 Q4 Ql Q2
Gross national product
1
By source:
1,528.8 1,700.1 1,887.2 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0 2,083.2
2 979.1 1,090.2 1,206.5 1,167.7 1,188.6 1 ,214.5 1,255.2 1,276.7 1,324.9
3 Durable goods............................................... 132.6 156.6 178.4 173.2 175.6 111 A 187.2 183.5 198.0
4 Nondurable goods........................................ 408.9 442.6 479.0 465.9 473.6 479.7 496.9 501.4 519.8
5 437.5 491.0 549.2 528.6 539.4 557.5 571.1 591.8 607.1
6 Gross private domestic investment.................... 190.9 243.0 297.8 272.5 295.6 309.7 313.5 322.7 344.0
7 Fixed investment........................................... 201.6 232.8 282.3 262.2 278.6 287.8 300.5 306.0 325.1
8 150.2 164.6 190.4 180.6 187.2 193.5 200.3 205.6 219.8
9 Structures............................................... 53.8 57.3 63.9 59.3 63.4 65.4 67.4 68.5 76.1
10 Producers’ durable equipment.............. 96.4 107.3 126.5 121.4 123.8 128.1 132.8 137.1 143.7
11 Residential structures............................... 51.5 68.2 91.9 81.6 91.4 94.3 100.2 100.3 105.3
12 49.5 65.8 88.9 78.6 88.4 91.2 97.5 97.3 102.1
13 Change in business inventories.................... -10.7 10.2 15.6 10.3 17.0 21.9 13.1 16.7 18.9
14 -14.3 12.2 15.0 11.1 16.5 22.0 10.4 16.9 20.9
15 Net exports of goods and services..................... 20.4 7.4 - 1 1 . 1 - 8 . 5 - 5 . 9 —7.0 - 2 3 . 2 - 2 4 . 1 - 1 0 . 2
16 Exports.......................................................... 147.3 163.2 175.5 170.9 178.1 180.8 172.1 181.7 200.9
17 126.9 155.7 186.6 179.4 184.0 187.8 195.2 205.8 211.1
18 Govt, purchases of goods and services.............. 338.4 359.5 394.0 375.0 388.8 399.5 412.5 416.7 424.5
19 Federal........................................................... 123.1 129.9 145.1 138.3 142.9 146.8 152.2 151.5 147.2
20 State and local..............................................
By major type of product:
215.4 229.6 248.9 236.7 245.9 252.7 260.3 265.2 277.3
21 1,539.6 1,689.9 1,871.6 1,796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,064.3
22 686.6 760.3 832.6 800.2 825.8 844.7 859.6 861.8 911.2
23 259.0 304.6 341.3 332.2 339.1 346.5 347.4 351.2 375.1
24 Nondurable................................................ 427.5 455.7 491.3 468.0 486.7 498.2 512.2 510.6 536.1
25 697.6 778.0 862.8 832.3 850.0 875.3 893.6 926.4 949.4
26 144.7 161.9 191.8 174.3 191.3 196.8 204.9 203.8 222.5
27 Change in business inventories........................ -10.7 10.2 15.6 10.3 17.0 21.9 13.1 16.7 18.9
28 -8.9 5.3 8.4 6.1 9.1 11.9 6.3 14.8 9.9
29 Nondurable goods........................................ - 1.8 4.9 7.2 4.2 7.9 10.0 6.8 1.9 9.0
30 Memo: Total GNP in 1972 dollars................... 1,202.3 1,271.0 1,332.7 1,306.7 1,325.5 1,343.9 1,354.5 1,354.2 1,380.5
National income
31 Total...................................................................
32 Compensation of employees.............................
33 Wages and salaries.........................................
34 Government and Government enterprises
35 Other..........................................................
36 Supplement to wages and salaries.................
37 Employer contributions for social
insurance............................................
38 Other labor income...................................
39 Proprietors’ income1..........................................
40 Business and professional1...........................
41 Farm1. . . ......................................................
42 Rental income of persons2...............................
43 Corporate profits1............................................
44 Profits before tax3........................................
45 Inventory valuation adjustment...................
46 Capital consumption adjustment.................
47 Net interest........................................................
1,215.0
931.1
805.9
175.4
630.4
125.2
60.1
65.1
87.0
63.5
23.5
22.4
95.9
120.4
-12.4
-12.0
78.6
1,359.2
1,036.8
890.1
187.6
702.5
146.7
69.7
77.0
88.6
70.2
18.4
22.5
127.0
155.9
-14.5
-14.4
84.3
1.515.3
1.153.4
983.6
200.8
782.9
169.8
79.4
90.4
99.8
79.5
20.3
22.5
144.2
173.9
-14.8
-14.9
95.4
1,447.5
1,107.9
946.4
195.2
751.2
161.5
76.6
84.9
95.6
76.1
19.4
22.5
129.9
164.8
-20.3
-14.6
91.7
1,499.3
1,140.5
973.4
198.1
775.3
167.1
78.6
88.5
98.9
78.9
20.0
22.4
143.7
175.1
-16.6
-14.8
93.7
1,537.6
1,165.8
993.6
201.7
791.9
172.2
79.9
92.2
97.2
80.8
16.5
22.4
154.8
177.5
-7.7
-15.0
97.3
1,576.9
1,199.7
1,021.2
208.1
813.1
178.4
82.4
96.1
107.3
82.3
25.1
22.7
148.2
178.3
-14.8
-15.3
99.0
1,603.1
1,241.0
1,050.8
211.4
839.3
190.2
90.2
100.0
105.0
83.1
21.9
22.8
132.6
172.1
-23.5
-16.1
101.7
1,683.6
1,287.5
1,089.9
213.9
876.0
197.5
93.5
104.0
110.1
86.0
24.0
22.2
159.5
201.6
-24.9
-17.2
104.5
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3 For after-tax profits, dividends, etc., see Table 1.50.
Source.—Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
September 1978
A52 Domestic Nonfinancial Statistics • October 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1977 1978
1975 1976 1977
Account
Ql Q2 Q3 Q4 Ql Q2
r
Gross national product
1 1,528.8 1,700.1 1,887.2 1,806.8 1,867.0 1,916.8 1,958.1 1,992.0 2,087.5
By source:
2 Personal consumption expenditures 979.1 1,090.2 1,206.5 1,167.7 1,188.6 1,214.5 1,255.2 1,276.7 1,322.9
3 Durabl e goods 132.6 156.6 178.4 173.2 175.6 111.4 187.2 183.5 197.8
4 Nondurabl e goods 408.9 442.6 479.0 465.9 473.6 479.7 496.9 501.4 519.3
5 Services 437.5 491.0 549.2 528.6 539.4 557.5 571.1 591.8 605.8
6 190.9 243.0 297.8 272.5 295.6 309.7 313.5 322.7 345.4
7 Fixed investment 201.6 232.8 282.3 262.2 278.6 287.8 300.5 306.0 325.3
8 Nonresidential 150.2 164.6 190.4 180.6 187.2 193.5 200.3 205.6 220.1
9 53.8 57.3 63.9 59.3 63.4 65.4 67.4 68.5 16.6
10 Producers' durable equi pment 96.4 107.3 126.5 121.4 123.8 128.1 132.8 137.1 143.5
11 Residential structures 51.5 68.2 91.9 81.6 91.4 94.3 100.2 100.3 105.3
12 Nonfarm 49.5 65.8 88.9 78.6 88.4 91.2 97.5 97.3 102.1
13 - 10. 7 10.2 15.6 10.3 17.0 21.9 13.1 16.7 20.1
14 Nonfarm - 14. 3 12.2 15.0 11.1 16.5 22.0 10.4 16.9 22.1
15 20.4 7.4 -11.1 -8.5 - 5. 9 -7.0 -23.2 -24.1 - 5. 5
16 Exports 147.3 163.2 175.5 170.9 178.1 180.8 172.1 181.7 205.4
17 126.9 155.7 186.6 179.4 184.0 187.8 195.2 205.8 210.9
18 Government purchases of goods and services.. 338.4 359.5 394.0 375.0 388.8 399.5 412.5 416.7 424.7
19 Federal 123.1 129.9 145.1 138.3 142.9 146.8 152.2 151.5 147.2
20 State and local 215.4 229.6 248.9 236.7 245.9 252.7 260.3 265.2 277.6
By maj or type of product:
21 1,539.6 1,689.9 1,871.6 1,796.5 1,850.0 1,894.9 1,945.0 1,975.3 2,067.4
22 686.6 760.3 832.6 800.2 825.8 844.7 859.6 861.8 912.2
23 Durabl e 259.0 304.6 341.3 332.2 339.1 346.5 347.4 351.2 375.8
24 Nondurabl e 427.5 455.7 491.3 468.0 486.7 498.2 512.2 510.6 536.4
25 697.6 778.0 862.8 832.3 850.0 875.3 893.6 926.4 952.0
26 144.7 161.9 191.8 174.3 191.3 196.8 204.9 203.8 223.4
27 Change in business inventories - 10. 7 10.2 15.6 10.3 17.0 21.9 13.1 16.7 20.1
28 Durabl e goods - 8. 9 5.3 8.4 6.1 9.1 11.9 6.3 14.8 10.8
29 Nondurabl e goods - 1. 8 4.9 7.2 4.2 7.9 10.0 6.8 1.9 9.3
30 MEMO: Total GNP in 1972 dollars 1,202.3 1,271.0 1,332.7 1,306.7 1,325.5 1,343.9 1,354.5 1,354.2 1,382.6
Nati onal income
31 1,215.0 1,359,2 1,515.3 1,447.5 1,499.3 1,537.6 1,576.9 1,603.1 1,688.1
32 Compensati on of employees 931.1 1,036.8 1,153.4 1,107.9 1,140.5 1,165.8 1,199.7 1,241.0 1,287.8
33 Wages and salaries 805.9 890.1 983.6 946.4 973.4 993.6 1,021.2 1,050.8 1,090.2
34 Government and Government enterpri ses.. 175.4 187.6 200.8 195.2 198.1 201.7 208.1 211.4 213.9
35 Other 630.4 702.5 782.9 751.2 775.3 791.9 813.1 839.3 876.3
36 Supplement to wages and salaries 125.2 146.7 169.8 161.5 167.1 172.2 178.4 190.2 197.6
37 Employer contributions for social
insurance 60.1 69.7 19 A 76.6 78.6 19.9 82.4 90.2 93.6
38 Other labor income 65.1 77.0 90.4 84.9 88.5 92.2 96.1 100.0 104.0
87.0 88.6 99.8 95.6 98.9 97.2 107.3 105.0 110.1
40 Business and professi onal
1
63.5 70.2 79.5 76.1 78.9 80.8 82.3 83.1 86.1
41 23.5 18.4 20.3 19.4 20.0 16.5 25.1 21.9 24.0
42 Rental i ncome of persons
2
22.4 22.5 22.5 22.5 22.4 22.4 22.7 22.8 22.2
43 Corporate profi ts
1
95.9 127.0 144.2 129.9 143.7 154.8 148.2 132.6 163.4
44 Profits before tax
3
120.4 155.9 173.9 164.8 175.1 177.5 178.3 172.1 205.5
45 I nventory valuation adj ustment - 12. 4 - 14. 5 - 14. 8 - 20. 3 - 16. 6 - 7. 7 - 14. 8 - 23. 5 - 24. 9
46 Capital consumpti on adj ustment - 12. 0 - 14. 4 - 14. 9 - 14. 6 - 14. 8 - 15. 0 - 15. 3 - 16. 1 - 17. 2
47 Net interest 78.6 84.3 95.4 91.7 93.7 97.3 99.0 101.7 104.6
1 Wi th inventory valuation and capital consumpti on adj ustments.
2
Wi th capital consumpti on adj ustments.
3 For after-tax profits, dividends, etc., see Table 1.50.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
October 1978
A52 Domestic Nonfinancial Statistics • November 1978
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1 Total
By source:
2 Personal consumption expenditures
3 Durable goods
4 Nondurable goods
5 Services
6 Gross private domestic investment
7 Fixed investment
8 Nonresidential
9 Structures
10 Producers' durable equipment
11 Residential structures
12 Nonfarm
13 Change in business inventories
14 Nonfarm
15 Net exports of goods and services
16 Exports
17 Imports
18 Government purchases of goods and services
19 Federal
20 State and local
By major type of product:
21 Final sales, total
22 Goods
23 Durable
24 Nondurable
25 Services
26 Structures
27 Change in business inventories
28 Durable goods
29 Nondurable goods
30 MEMO: Total GNP in 1972 dollars
31 Total
32 Compensation of employees
33 Wages and salaries
34 Government and Government enterprises
35 Other
36 Supplement to wages and salaries
37 Employer contributions for social
insurance
38 Other labor income
39 Proprietors' income
1
40 Business and professional
1
41 Farm
1
42 Rental income of persons
2
43 Corporate profits
1
44 Profits before tax
3
45 Inventory valuation adjustment
46 Capital consumption adjustment
47 Net interest
1975 1976 1977
1977 1978
Q2 Q3 Q4 Ql Q2 Q3
p
Gross national product
1,528.8 1,700.1 1, 887. 2 1, 867. 0 1,916.8 1, 958. 1 1, 992. 0 2, 087. 5 2, 141. 1
979.1
132.6
408.9
437.5
1, 090. 2
156.6
442.6
491.0
1,206.5
178.4
479.0
549.2
1,188.6
175.6
473.6
539.4
1,214.5
177.4
479.7
557.5
1,255.2
187.2
496.9
571.1
1,276.7
183.5
501.4
591.8
1,322.9
197.8
519.3
605.8
1,354.5
199.3
529.4
625.8
190.9
201.6
150.2
53.8
96. 4
51.5
49.5
243.0
232.8
164.6
57.3
107.3
68. 2
65.8
297.8
282.3
190.4
63.9
126.5
91.9
88.9
295.6
278.6
187.2
63. 4
123.8
91. 4
88.4
309.7
287.8
193.5
65.4
128.1
94.3
91.2
313.5
300.5
200.3
67. 4
132.8
100.2
97.5
322.7
306.0
205.6
68.5
137.1
100.3
97.3
345.4
325.3
220.1
76.6
143.5
105.3
102.1
351.7
334.1
225.4
79.5
145.9
108.8
105.5
- 1 0 . 7
- 1 4 . 3
10.2
12.2
15.6
15.0
17.0
16.5
21.9
22. 0
13.1
10.4
16.7
16.9
20.1
22.1
17.6
18.6
20.4
147.3
126.9
7.4
163.2
155.7
-11.1
175.5
186.6
-5.9
178.1
184.0
— 7.0
180.8
187.8
-23.2
172.1
195.2
-24.1
181.7
205.8
- 5 . 5
205.4
210.9
-6.5
210.9
217.3
338.4
123.1
215.4
359.5
129.9
229.6
394.0
145.1
248.9
388.8
142.9
245.9
399.5
146.8
252.7
412.5
152.2
260.3
416.7
151.5
265.2
424.7
147.2
277.6
441.3
156.1
285.2
1,539.6
686.6
259.0
427.5
697.6
144.7
1,689.9
760.3
304.6
455.7
778.0
161.9
1,871.6
832.6
341.3
491.3
862.8
191.8
1,850.0
825.8
339.1
486.7
850.0
191.3
1,894.9
844.7
346.5
498.2
875.3
196.8
1,945.0
859.6
347.4
512.2
893.6
204.9
1,975.3
861.8
351.2
510.6
926.4
203.8
2, 067. 4
912.2
375.8
536.4
952.0
223.4
2, 123. 4
930.7
381.4
549.3
977.6
232.8
- 1 0 . 7
- 8 . 9
- 1 . 8
10.2
5. 3
4. 9
15.6
8. 4
7. 2
17.0
9.1
7. 9
21.9
11.9
10.0
13.1
6. 3
6. 8
16.7
14.8
1.9
20.1
10.8
9. 3
17.6
11.2
6. 4
1,202.3 1,271.0 1,332.7 1,325.5 1,343.9 1,354.5 1, 354. 2 1, 382. 6 1, 394. 3
National income
1,215.0 1, 359, 2 1,515.3 1, 499. 3 1,537.6 1,576.9 1,603.1 1, 688. 1
931.1
805.9
175.4
630.4
125.2
1,036.8
890.1
187.6
702.5
146.7
1,153.4
983.6
200.8
782.9
169.8
1,140.5
973.4
198.1
775.3
167.1
1,165.8
993.6
201.7
791.9
172.2
1,199.7
1,021.2
208.1
813.1
178.4
1,241.0
1,050.8
211.4
839.3
190.2
1,287.8
1,090.2
213.9
876.3
197.6
1,314.7
1,111.2
216.9
894.3
203.5
60.1
65.1
69.7
77. 0
79. 4
90.4
78.6
88.5
79.9
92. 2
82.4
96.1
90.2
100.0
93.6
104.0
95.6
107.9
87. 0
63.5
23.5
88.6
70. 2
18.4
99. 8
79.5
20. 3
98.9
78.9
2tt. 0
97.2
80.8
16.5
107.3
82.3
25.1
105.0
83.1
21.9
110.1
86.1
24. 0
113.2
89.7
23.5
22. 4 22.5 22.5 22. 4 22. 4 22.7 22.8 22. 2 24. 4
95.9 127.0 144.2 143.7 154.8 148.2 132.6 163.4
120.4 155.9 173.9 175.1 177.5 178.3 172.1 205.5
- 1 2 . 4
- 1 2 . 0
- 1 4 . 5
- 1 4 . 4
- 1 4 . 8
- 1 4 . 9
- 1 6 . 6
- 1 4 . 8
- 7 . 7
- 1 5 . 0
- 1 4 . 8
- 1 5 . 3
- 2 3 . 5
- 1 6 . 1
- 2 4 . 9
- 1 7 . 2
- 2 0 . 9
- 1 9 . 3
78.6 84.3 95.4 93.7 97.3 99. 0 101.7 104.6 107.0
1 With inventory valuation and capital consumption adjustments.
2
With capital consumption adjustments.
3
For after-tax profits, dividends, etc., see Table 1.50.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
November 1978
A52 Domestic Nonfinancial Statistics • December 1978
2.16 GROSS NATI ONAL PRODUCT AND I NCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1977 1978
1975 1916 1977
Account
Q2 Q3 Q4 QL Ql Q3
Gross national product
1 1, 528. 8 1, 700. 1 1, 887. 2 1, 867. 0 1, 916. 8 1, 958. 1 1 , 992. 0 2, 087. 5 2, 141. 4
By source:
2 Personal consumption expenditures 979.1 1, 090. 2 1,206.5 1,188.6 1,214.5 1,255.2 1 ,276.7 1,322.9 1,357.7
3 Durable goods 132.6 156.6 178. 4 175.6 111.A 187. 2 183.5 197.8 199. 4
4 Nondurable goods 408. 9 442. 6 479. 0 473. 6 479. 7 496. 9 501. 4 519. 3 532. 0
5 Services 437. 5 491. 0 549. 2 539. 4 557. 5 571. 1 591. 8 605. 8 626. 3
6 Gross private domestic investment 190.9 243. 0 297.8 295.6 309.7 313.5 322.7 345.4 350.6
7 Fixed investment 201. 6 131. 8 181.3 278. 6 181.8 300. 5 306. 0 325. 3 336. 8
8 Nonresidential 150.2 164.6 190.4 187.2 193.5 200.3 205.6 220.1 227.9
9 Structures 53. 8 51.3 63. 9 63. 4 65. 4 67. 4 68. 5 76. 6 81. 3
10 Producers' durable equipment 96. 4 107.3 126.5 123.8 128.1 132.8 137.1 143.5 146.6
11 Residential structures 51. 5 68. 2 91. 9 91. 4 94. 3 100. 2 100.3 105. 3 108.9
12 Nonfarm 49. 5 65. 8 88. 9 88. 4 91. 2 97. 5 97. 3 102.1 105.7
13 Change in business inventories - 1 0 . 7 10. 2 15.6 17. 0 21. 9 13.1 16.7 20. 1 13. 8
14 Nonfarm - 1 4 . 3 12. 2 15. 0 16. 5 22. 0 10. 4 16.9 22. 1 14. 8
15 Net exports of goods and services 20.4 7.4 -11.1 -5.9 — 7.0 -23.2 -24.1 -5.5 -6.6
16 Exports 147.3 163.2 175.5 178.1 180.8 112.1 181.7 205. 4 213. 8
17 Imports 126.9 155.7 186.6 184.0 187.8 195. 2 205. 8 210. 9 220. 3
18 Government purchases of goods and services. . 338.4 359.5 394.0 388.8 399.5 412.5 416.7 424.7 439.6
19 Federal 123.1 129.9 145.1 142.9 146.8 152.2 151.5 147.2 154.0
20 State and local 215. 4 229. 6 248. 9 245. 9 252. 7 260. 3 265. 2 277. 6 285. 6
By major type of product:
21 Final sales, total 1, 539. 6 1,689 9 1, 871. 6 1, 850. 0 1, 894. 9 1, 945. 0 1 , 975. 3 2, 067. 4 2, 127. 6
22 Goods 686.6 760.3 832.6 825.8 844.7 859.6 861.8 912.2 928.5
23 Durable 259. 0 304.6 341. 3 339.1 346. 5 347. 4 351. 2 375. 8 380.6
24 Nondurable All.5 455. 7 491. 3 486. 7 498. 2 512. 2 510. 6 536. 4 547. 9
25 Services 697. 6 778. 0 862. 8 850. 0 875. 3 893. 6 926. 4 952. 0 977. 4
26 Structures 144.7 161.9 191.8 191.3 196.8 204. 9 203. 8 223. 4 235. 5
27 Change in business inventories - 1 0 . 7 10.2 15.6 17. 0 21. 9 13.1 16.7 20. 1 13. 8
28 Durable goods - 8 . 9 5. 3 8. 4 9. 1 11. 9 6. 3 14.8 10. 8 9. 9
29 Nondurable goods - 1 . 8 4. 9 7. 2 7. 9 10. 0 6. 8 1. 9 9. 3 3. 9
30 MEMO: Total GNP in 1972 dollars 1, 202. 3 1, 271. 0 1, 332. 7 | 1, 325. 5 1, 343. 9 1, 354. 5 1 , 354. 2 1, 382. 6 1, 394. 2
National income
31 1, 215. 0 1, 359, 2 1, 515. 3 1, 499. 3 1, 537. 6 1, 576. 9 1 , 603. 1 1, 688. 1 1, 731. 0
32 Compensation of employees 931.1 1, 036. 8 1, 153. 4 1, 140. 5 1, 165. 8 1, 199. 7
1
, 241. 0 1, 287. 8 1, 316. 9
33 Wages and salaries 805.9 890.1 983.6 973.4 993.6 1,021.2 1 ,050.8 1,090.2 1,113.2
34 Government and Government enterprises.. 175. 4 187.6 200. 8 198.1 201. 7 208. 1 211. 4 213. 9 216. 8
35 Other 630. 4 702. 5 782. 9 775. 3 791. 9 813.1 839. 3 876. 3 896. 4
36 Supplement to wages and salaries 125.2 146.7 169.8 167.1 172.2 178.4 190.2 197.6 203.7
37 Employer contributions for social
insurance 60. 1 69.1 79. 4 18.6 19.9 82. 4 90. 2 93. 6 95. 8
38 Other labor income 65. 1 77. 0 90. 4 88. 5 92. 2 96. 1 100. 0 104. 0 107.9
39 Proprietors' income
1
87.0 88.6 99.8 98.9 97.2 107.3 105.0 110.1 114.5
40 Business and professional
1
63. 5 70. 2 19.5 78. 9 80.8 82.3 83. 1 86.1 89. 5
41 Farm
1
13. 5 18. 4 20. 3 20. 0 16. 5 25. 1 21. 9 24. 0 25. 0
42 Rental income of persons
2
11.A 22. 5 22. 5 22. 4 22. 4 22. 7 22. 8 22. 2 24. 3
43 Corporate profits
1
95. 9 127.0 144.2 143.7 154.8 148. 2 132.6 163. 4 168. 4
44 Profits before tax 3 120. 4 155.9 173.9 175.1 177.5 178.3 172.1 205. 5 208. 6
45 Inventory valuation adjustment - 1 2 . 4 - 1 4 . 5 - 1 4 . 8 - 1 6 . 6 - 7 . 7 - 1 4 . 8 - 2 3 . 5 - 2 4 . 9 - 2 0 . 9
46 Capital consumption adjustment - 1 2 . 0 - 1 4 . 4 - 1 4 . 9 - 1 4 . 8 - 1 5 . 0 - 1 5 . 3 - 1 6 . 1 - 1 7 . 2 - 1 9 . 3
47 Net interest 18. 6 84. 3 95. 4 93. 7 97. 3 99. 0 101.7 104.6 107.1
1
With inventory valuation and capital consumption adjustments. 3 For after-tax profits, dividends, etc., see Table 1.50.
2 With capital consumption adjustments.
SOURCE.—Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
December 1978
A52 Domestic Nonfinancial Statistics • January 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1975 1976 1977
1977 1978
Q2 Q3 Q4
Q1 Q2 Q3
r
Gross national product
1, 528. 8 1, 700. 1 1, 887. 2 1, 867. 0 1, 916. 8 1, 958. 1 1, 992. 0 2, 087. 5 2, 136. 1
979.1
132.6
408.9
437. 5
1,090.2
156.6
442.6
491. 0
1,206.5
178.4
479. 0
549.2
1,188.6
175.6
473. 6
539.4
1,214.5
177.4
479.7
557.5
1,255.2
187.2
496.9
571.1
1,276.7
183.5
501. 4
591.8
1,322.9
197.8
519.3
605.8
1,356.9
199.5
531.7
625.8
190.9
201.6
150.2
53. 8
96. 4
51.5
49. 5
243.0
232.8
164.6
57. 3
107.3
68. 2
65. 8
297.8
282.3
190.4
63. 9
126.5
91. 9
88. 9
295.6
278.6
187.2
63. 4
123.8
91. 4
88. 4
309.7
287.8
193.5
65. 4
128.1
94. 3
91. 2
313.5
300.5
200.3
67. 4
132.8
100.2
97. 5
322.7
306.0
205.6
68. 5
137.1
100.3
97. 3
345.4
325.3
220.1
76. 6
143.5
105.3
102.1
350.1
336.5
227.5
80. 9
146.6
109.0
105.7
- 1 0 . 7
- 1 4 . 3
10.2
12.2
15.6
15.0
17.0
16.5
21. 9
22. 0
13.1
10.4
16.7
16.9
20.1
22.1
13.6
14.6
20.4
147.3
126.9
7.4
163.2
155.7
-11.1
175.5
186.6
- 5 . 9
178.1
184.0
-7.0
180.8
187.8
-23.2
172.1
195.2
-24.1
181.7
205. 8
-5.5
205. 4
210. 9
-10.7
210.1
220.8
338.4
123.1
215. 4
359.5
129.9
229. 6
394.0
145.1
248.9
388.8
142.9
245.9
399.5
146.8
252.7
412.5
152.2
260. 3
416.7
151.5
265. 2
424.7
147.2
277. 6
439.8
154.0
285.8
1, 539. 6
686.6
259. 0
427.5
697.6
144.7
1, 689. 9
760.3
304.6
455.7
778. 0
161.9
1, 871. 6
832.6
341.3
491.3
862.8
191.8
1, 850. 0
825.8
339.1
486.7
850.0
191.3
1, 894. 9
844.7
346.5
498.2
875.3
196.8
1, 945. 0
859.6
347.4
512. 2
893.6
204. 9
1, 975. 3
861.8
351.2
510.6
926. 4
203.8
2, 067. 4
912.2
375.8
536.4
952. 0
223. 4
2, 122. 5
927.3
380.1
547.2
973.7
235. 0
- 1 0 . 7
- 8 . 9
- 1 . 8
10.2
5. 3
4. 9
15.6
8. 4
7. 2
17.0
9. 1
7. 6
21. 9
11.9
10.0
13.1
6. 3
6. 8
16.7
14.8
1. 9
20.1
10.8
9. 3
13.6
10.2
3. 4
1, 202. 3 1, 271. 0 1, 332. 7 1, 325. 5 1, 343. 9 1, 354. 5 1, 354. 2 1, 382. 6 1, 391. 4
National income
1, 215. 0 1, 359, 2 1, 515. 3 1, 499. 3 1, 537. 6 1, 576. 9 1, 603. 1 1, 688. 1 1, 728. 4
931.1
805.9
175.4
630.4
125.2
1, 036. 8
890.1
187.6
702.5
146.7
1, 153. 4
983.6
200.8
782.9
169.8
1, 140. 5
973.4
198.1
775.3
167.1
1, 165. 8
993.6
201.7
791.9
172.2
1, 199. 7
1,021.2
208.1
813.1
178.4
1, 241. 0
1,050.8
211.4
839.3
190.2
1, 287. 8
1,090.2
213. 9
876.3
197.6
1,317.1
1,113.4
216.8
896.6
203.6
60.1
65.1
69.7
77. 0
79. 4
90. 4
78. 6
88.5
79. 9
92. 2
82. 4
96.1
90. 2
100.0
93. 6
104.0
95.7
107.9
87.0
63. 5
23. 5
88.6
70. 2
18.4
99.8
79. 5
20. 3
98.9
78. 9
20. 0
97.2
80.8
16.5
107.3
82. 3
25. 1
105.0
83.1
21. 9
110.1
86.1
24. 0
114.5
89. 6
25. 0
22. 4 22. 5 22. 5 22. 4 22. 4 22. 7 22. 8 22. 2 24. 3
95. 9
120.4
- 1 2 . 4
- 1 2 . 0
127.0
155.9
- 1 4 . 5
- 1 4 . 4
144.2
173.9
- 1 4 . 8
- 1 4 . 9
143.7
175.1
- 1 6 . 6
- 1 4 . 8
154.8
177.5
- 7 . 7
- 1 5 . 0
148.2
178.3
- 1 4 . 8
- 1 5 . 3
132.6
172,1
- 2 3 . 5
- 1 6 . 1
163.4
205. 5
- 2 4 . 9
- 1 7 . 2
165.2
205. 4
- 2 0 . 9
- 1 9 . 3
78. 6 84.3 95. 4 93.7 97. 3 99. 0 101.7 104.6 107.4
Account
1 Total
By source:
2 Personal consumption expenditures
3 Durable goods
4 Nondurable goods
5 Services
6 Gross private domestic investment
7 Fixed investment
8 Nonresidential
9 Structures
10 Producers'durable equipment
11 Residential structures
12 Nonfarm
13 Change in business inventories
14 Nonfarm
15 Net exports of goods and services
16 Exports
17 Imports
18 Government purchases of goods and services
19 Federal
20 State and local
By major type of product:
21 Final sales, total
22 Goods
23 Durable
24 Nondurable
25 Services
26 Structures
27 Change in business inventories
28 Durable goods
29 Nondurable goods
30 MEMO: Total GNP in 1972 dollars
31 Total
32 Compensation of employees
33 Wages and salaries
34 Government and Government enterprises
35 Other
36 Supplement to wages and salaries
37 Employer contributions for social
insurance
38 Other labor income
39 Proprietors' income
1
40 Business and professional
1
41 Farm
1
42 Rental income of persons
2
43 Corporate profits
1
44 Profits before tax 3
45 Inventory valuation adjustment
46 Capital consumption adjustment
47 Net interest
1 With inventory valuation and capital consumption adjustments.
2
With capital consumption adjustments.
3 For after-tax profits, dividends, etc., see Table 1.50.
SOURCE. —Survey of Current Business ( U. S. De pt . o f Comme r c e ) .
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
January 1979
A52 Domestic Nonfinancial Statistics • February 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1977 1978
1976 1977 1978 P
Account
Q3 Q4 Ql Q2 Q3 Q4
p
Gross national product
1 1,700.1 1,887.2 2, 106. 6 1,916.8 1,958.1 1, 992. 0 2, 087. 5 2, 136. 1 2, 210. 8
By source:
2 Personal consumption expenditures 1,090.2 1,206.5 1,339.7 1,214.5 1,255.2 1,276.7 1,322.9 1,356.9 1,402.2
3 Durable goods 156.6 178.4 197.6 177.4 187.2 183.5 197.8 199.5 209.6
4 Nondurable goods 442.6 479.0 525.8 479.7 496.9 501.4 519.3 531.7 550.8
5 Services 491.0 549.2 616.3 557.5 571.1 591.8 605.8 625.8 641.8
6 Gross private domestic investment 243.0 297.8 344.5 309.7 313.5 322.7 345.4 350.1 359.9
7 Fixed investment 232.8 282.3 328.8 287.8 300.5 306.0 325.3
336.5 347.4
8 Nonresidential 164.6 190.4 222.0 193.5 200.3 205.6 220.1
227.5 235.0
9 Structures 57.3 63.9 77.5 65. 4 67.4 68.5 76.6
80.9 84.0
10 Producers' durable equipment 107.3 126.5 144.5 128.1 132.8 137.1 143.5 146.6 151.0
11 Residential structures 68. 2 91.9 106.8 94.3 100.2 100.3 105.3
109.0 112.5
12 Nonfarm 65.8 88.9 103.6 91. 2 97.5 97. 3 102.1
105.7 109.3
13 Change in business inventories 10.2 15.6 15.7 21. 9 13.1 16.7 20.1 13.6 12.4
14 Nonfarm 12.2 15.0 16.7 22. 0 10.4 16.9 22.1 14.6 13.1
15 Net exports of goods and services 7.4 -11.1 -11.8 -7.0 —23.2 -24.1 -5.5 -10.7 -6.9
16 Exports 163.2 175.5 205.2 180.8 172.1 181.7 205.4 210.1 223.5
17 Imports 155.7 186.6 217.0 187.8 195.2 205.8 210.9 220.8 230.4
18 Government purchases of goods and services. . 359.5 394.0 434.2 399.5 412.5 416.7 424.7 439.8 455.6
19 Federal 129.9 145.1 154.0 146.8 152.2 151.5 147.2 154.0 163.4
20 State and local 229.6 248.9 280.2 252.7 260.3 265.2 277.6 285.8 292.2
21
By major type of product:
21 Final sales, total 1,689.9 1,871.6 2, 090. 9 1,894.9 1,945.0 1,975.3 2, 067. 4 2,122.5 2, 198. 4
22 Goods 760.3 832.6 917.5 844.7 859.6 861.8 912.2 927.3 968.6
23 Durable 304.6 341.3 376.3 346.5 347.4 351.2 375.8 380.1 398.0
24 Nondurable 455.7 491.3 541.2 498.2 512.2 510.6 536.4 547.2 570.6
25 Services 778.0 862.8 962.9 875.3 893.6 926.4 952.0 973.7 999.4
26 Structures 161.9 191.8 226.2 196.8 204.9 203.8 223.4 235.0 242.8
27 Change in business inventories 10.2 15.6 15.7 21.9 13.1 16.7 20.1 13.6 12.4
28 Durable goods 5. 3 8. 4 11.5 11.9 6. 3 14 8 10.8 10.2 10.1
29 Nondurable goods 4. 9 7. 2 4. 2 10.0 6. 8 1.9 9. 3 3. 4 2. 4
30 MEMO: Total GNP in 1972 dollars 1 , 2 7 1 . 0 1 , 3 3 2 . 7 1,385.1 1,343.9 1,354.5 1, 354. 2 1, 382. 6 1, 391. 4 1, 412. 2
National income
31 Total 1,359,2 1,515.3 1, 703. 6 1, 537. 6 1,576.9 1,603.1 1,688.1
32 Compensation of employees
1,036.8 1,153.4 1,301.2 1,165.8 1,199.7 1,241.0 1,287.8
33 Wages and salaries 890.1 983.6 1,100.7 993.6 1,021.2 1,050.8 1,090.2
34 Government and government enterprises . . 187.6 200.8 216.1 201.7 208.1 211.4 213.9
35 Other 702.5 782.9 884.6 791.9 813.1 839.3 876.3
36 Supplement to wages and salaries 146.7 169.8 200.5 172.2 178.4 190.2 197.6
37 Employer contributions for social
178.4 190.2 197.6
insurance 69.7 79.4 94.5 79.9 82.4 90.2 93.6
38 Other labor income 77. 0 90.4 105.9 92.2 96.1 100.0 104.0
39 Proprietors' income
1
88.6 99.8 112.9 97.2 107.3 105.0 110.1
40 Business and professional
1
70. 2 79.5 87.8 80.8 82.3 83.1 86.1
41 Farm
1
18.4 20.3 25.1 16.5 25.1 21. 9 24. 0
42 Rental income of persons
2
22.5 22.5 23.4 22. 4 22.7 22.8 22. 2
43 Corporate profits
1
127.0 144.2 160.0 154.8 148.2 132.6 163.4
44 Profits before tax
3
155.9 173.9 202.4 177.5 178.3 172.1 205.5
45 Inventory valuation adjustment
- 1 4 . 5 - 1 4 . 8 - 2 4 . 3 - 7 . 7 - 1 4 . 8 - 2 3 . 5 - 2 4 . 9
46 Capital consumption adjustment
- 1 4 . 4 - 1 4 . 9 - 1 8 . 1 - 1 5 . 0 - 1 5 . 3 - 1 6 . 1 - 1 7 . 2
47 Net interest
84.3 95.4 106.1 97.3 99. 0 101.7 104.6
1 , 7 2 8 . 4
1,317.1
1,113.4
216.8
896.6
203.6
95.7
107.9
114.5
89.6
25.0
24.3
165.2
205.4
- 2 0 . 9
- 1 9 . 3
107.4
1 With inventory valuation and capital consumption adjustments.
2
With capital consumption adjustments.
3
For after-tax profits, dividends, etc., see Table 1.50.
SOURCE. Survey of Current Business (U.S. Dept. of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
February 1979
A52 Domestic Nonfinancial Statistics   March 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
1976 1977 1978
1977 1978
Account
Q3 Q4 Ql Q2 Q3 Q4
Gross national product
1
By source:
1,700.1 1,887.2 2,106.9 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,212.1
2 Personal consumption expenditures..................... 1,090.2 1,206.5 1,340.4 1,214.5 1,255.2 1,276.7 1,322.9 1,356.9 1,405.1
3 Durable goods.............................................. 156.6 178.4 197.5 177.4 187.2 183.5 197.8 199.5 209.2
4 Nondurable goods........................................ 442.6 479.0 526.5 479.7 496.9 501.4 519.3 531.7 553.5
5 Services.......................................................... 491.0 549.2 616.4 557.5 571.1 591.8 605.8 625.8 642.5
6 Gross private domestic investment...................... 243.0 297.8 344.6 309.7 313.5 322.7 345.4 350.1 360.1
7 Fixed investment........................................... 232.8 282.3 329.1 287.8 300.5 306.0 325.3
336.5 348.5
8 Nonresidential...... ......................................... 164.6 190.4 222.1 193.5 200.3 205.6 220.1
227.5 235.2
9 Structures............................................... 57.3 63.9 77.6 65.4 67.4 68.5 76.6 80.9 84.6
10 Producers’ durable equipment.............. 107.3 126.5 144.5 128.1 132.8 137.1 143.5 146.6 150.7
11 Residential structures............................... 68.2 91.9 107.0 94.3 100.2 100.3 105.3 109.0 113.3
12 Nonfarm................................................ 65.8 88.9 103.8 91.2 97.5 97.3 102.1
105.7 110.0
13 Change in business inventories.................... 10.2 15.6 15.5 21.9 13.1 16.7 20.1 13.6
11.6
14 Nonfarm.................................................... 12.2 15.0 16.4 22.0 10.4 16.9 22.1 14.6 12.2
15 Net exports of goods and services....................... 7.4 - 1 1 . 1 - 1 2 . 0 - 7 . 0 - 2 3 . 2 - 2 4 . 1 - 5 . 5 - 1 0 . 7 - 7 . 8
16 Exports.......................................................... 163.2 175.5 204.8 180.8 172.1 181.7 205.4 210.1 222.0
17 Imports.......................................................... 155.7 186.6 216.8 187.8 195.2 205.8 210.9 220.8 229.7
18 Government purchases of goods and services. . 359.5 394.0 434.0 399.5 412.5 416.7 424.7 439.8 454.6
19 Federal........................................................... 129.9 145.1 153.7 146.8 152.2 151.5 147.2 154.0 162.3
20 State and local..............................................
By major type of product:
229.6 248.9 280.2 252.7 260.3 265.2 277.6 285.8 292.3
21 Final sales, total................................................ 1,689.9 1,871.6 2,091.4 1,894.9 1,945.0 1,975.3 2,067.4 2,122.5
2,200.5
22 Goods................................................................... 760.3 832.6 917.6 844.7 859.6 861.8 912.2 927.3
969.3
23 Durable...................................................... 304.6 341.3 376.3 346.5 347.4 351.2 375.8 380.1
398.3
24 Nondurable................................................ 455.7 491.3 541.3 498.2 512.2 510.6 536.4 547.2 571.0
25 Services.......................................................... 778.0 862.8 962.7 875.3 893.6 926.4 952.0 973.7 998.8
26 Structures...................................................... 161.9 191.8 226.6 196.8 204.9 203.8 223.4 235.0 244.0
21' Change in business inventories................. 10.2 15.6 15.5 21.9 13.1 16.7 20.1 13.6 11.6
28 Durable goods.............................................. 5.3 8.4 11.6 11.9 6.3 14.8 10.8 10.2 10.3
29 Nondurable goods.................................. 4.9 7.2 4.0 10.0 6.8 1.9 9.3 3.4 1.3
30 Memo: Total GNP in 1972 dollars............. 1,271.0 1,332.7 1,385.3 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1,413.0
National income
31 Total.........................................................................
32 Compensation of employees............................
33 Wages and salaries........................................
34 Government and government enterprises
35 Other......................................................
36 Supplement to wages and salaries..............
37 Employer contributions for social
insurance........................................
38 Other labor income...............................
39 Proprietors’ income1.........................................
40 Business and professional1.......................
41 Farm1.........................................................
42 Rental income of persons2...............................
43 Corporate profits1........................................
44 Profits before tax3....................................
45 Inventory valuation adjustment.............
46 Capital consumption adjustment........... .
47 Net interest..................................................
1,359,2
1,036.8
890.1
187.6
702.5
146.7
69.7
77.0
88.6
70.2
18.4
22.5
127.0
155.9
-14.5
-14.4
84.3
1.515.3
1.153.4
983.6
200.8
782.9
169.8
19 A
90.4
99.8
79.5
20.3
22.5
144.2
173.9
-14.8
-14.9
95.4
1,704.1
1,301.4
1,100.9
216.1
884.8
200.5
94.5
105.9
112.9
87.8
25.1
23.4
160.2
202.6
-24.3
-18.1
106.2
1,537.6
1,165.8
993.6
201.7
791.9
172.2
79.9
92.2
97.2
80.8
16.5
22.4
154.8
177.5
-7.7
-15.0
97.3
1,576.9
1,199.7
1,021.2
208.1
813.1
178.4
82.4
96.1
107.3
82.3
25.1
22.7
148.2
178.3
-14.8
-15.3
99.0
1,603.1
1,241.0
1,050.8
211.4
839.3
190.2
90.2
100.0
105.0
83.1
21.9
22.8
132.6
172.1
-23.5
-16.1
101.7
1,688.1
1,287.8
1,090.2
213.9
876.3
197.6
93.6
104.0
110.1
86.1
24.0
22.2
163.4
205.5
-24.9
-17.2
104.6
1.728.4
1,317.1
1.113.4
216.8
896.6
203.6
95.1
107.9
114.5
89.6
25.0
24.3
165.2
205.4
-20.9
-19.3
107.4
1,359.6
1,149.2
222.3
926.9
210.4
98.6
111.8
122.1
92.6
29.5
24.4
n.a.
-27.9
-19.9
111.1
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3 For after-tax profits, dividends, and the like, see table 1.50.
Source. Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
March 1979
A52 Domestic Nonfinancial Statistics □ A p r i l 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account
1976 1977 1978'
1977 1978
Q3 Q4
Ql Q2 Q3 Q4'
Gross national product
1 1,700.1 1,887.2 2,107.6 1,916.8 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8
By source
1,090.2 1,206.5 1,340.1 1,214.5 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9
3 Durable goods.................................................. 156.6 178.4 197.5 i l l A 187.2 183.5 197.8 199.5 209.1
4 Nondurable goods............................................ 442.6 479.0 526.5 479.7 496.9 501.4 519.3 531.7 553.4
5 Services.............................................................. 491.0 549.2 616.2 557.5 571.1 591.8 605.8 625.8 641.4
243.0 297.8 345.6 309.7 313.5 322.7 345.4 350.1 364.0
7 Fixed investment............................................... 232.8 282.3 329.6 287.8 300.5 306.0 325.3 336.5 350.5
8 164.6 190.4 222.6 193.5 200.3 205.6 220.1 227.5 237.1
9 Structures................................................... 57.3 63.9 77.8 65.4 61A 68.5 76.6 80.9 85.1
10 Producers’ durable equipment................. 107.3 126.5 144.8 128.1 132.8 137.1 143.5 146.6 152.0
11 Residential structures................................... 68.2 91.9 107.0 94.3 100.2 100.3 105.3 109.0 113.4
12 Nonfarm.................................................... 65.8 88.9 103.8 91.2 97.5 97.3 102.1
105.7 110.2
13 Change in business inventories....................... 10.2 15.6 16.0 21.9 13.1 16.7 20.1 13.6 13.5
14 Nonfarm........................................................ 12.2 15.0 16.7 22.0 10.4 16.9 22.1 14.6 13.4
15 Net exports of goods and services......................... 7.4 - 1 1 . 1 - 1 2 . 0 —7.0 - 2 3 . 2 - 2 4 . 1 - 5 . 5 - 1 0 . 7 - 7 . 6
16 Exports.............................................................. 163.2 175.5 204.8 180.8 172.1 181.7 205.4 210.1 221.9
17 Imports.............................................................. 155.7 186.6 216.8 187.8 195.2 205.8 210.9 220.8 229.5
18 Government purchases of goods and services. . . . 359.5 394.0 433.9 399.5 412.5 416.7 424.7 439.8 454.5
19 Federal............................................................... 129.9 145.1 153.8 146.8 152.2 151.5 147.2 154.0 162.5
20 State and 1ocal.................................................. 229.6 248.9 280.2 252.7 260.3 265.2 277.6 285.8 292.0
By major type of product
21 Final sales, total.................................................... 1,689.9 1,871.6 2,091.6 1,894.9 1,945.0 1,975.3 2,067.4 2,122.5 2,201.3
22 Goods................................................................. 760.3 832.6 918.4 844.7 859.6 861.8 912.2 927.3 972.5
23 Durable.......................................................... 304.6 341.3 376.8 346.5 347.4 351.2 375.8 380.1 400.1
24 Nondurable.................................................... 455.7 491.3 541.7 498.2 512.2 510.6 536.4 547.2 572.4
25 Services.............................................................. 778.0 862:8 962.5 875.3 893.6 926.4 952.0 973.7 997.7
26 Structures.......................................................... 161.9 191.8
226.7 196.8 204.9 203.8 223.4 235.0 244.7
27 Change in business inventories........................... 10.2 15.6 16.0 21.9 13.1 16.7 20.1 13.6 13.5
28 Durable goods.................................................. 5.3 8.4 11.7 11.9 6.3 14.8 10.8 10.2 10.8
29 Nondurable goods............................................ 4.9 7.2 4.3 10.0 6.8 1.9 9.3 3.4 2.7
30 1,271.0 1,332.7 1,385.7 1,343.9 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7
National income
31 1,359.2 1,515.3 1,703.8 1,537.6 1,576.9 1,603.1 1,688.1 1,728.4 1,795.6
32 Compensation of employees................................ 1,036.8 1,153.4 1,301.4 1,165.8 1,199.7 1,241.0 1,287.8 1,317.1 1,359.8
33 Wages and salaries............................................ 890.1 983.6 1,101.0 993.6 1,021.2 1,050.8 1,090.2 1,113.4 1,149.4
34 Government and government enterprises . . 187.6 200.8 216.1 201.7 208.1 211.4 213.9 216.8 222.3
35 Other.............................................................. 702.5 782.9 884.8 791.9 813.1 839.3 876.3 896.6 927.1
36 Supplement to wages and salaries..................... 146.7 169.8 200.5 172.2 178.4 190.2 197.6 203.6 210.4
37 Employer contributions for social
insurance.......................................... .. 69.7 79.4 94.5 79.9 82.4 90.2 93.6 95.7 98.6
38 Other labor income...................................... 77.0 90.4 105.9 92.2 96.1 100.0 104.0 107.9 111.8
39 Proprietors* income1.............................................. 88.6 99.8 113.2 97.2 107.3 105.0 110.1 114.5 123.0
40 Business and professional1............................... 70.2 79.5 87.8 80.8 82.3 83.1 86.1 89.6 92.6
41 Farm1................................................................ 18.4 20.3 25.3 16.5 25.1 21.9 24.0 25.0 30.4
42 Rental income of persons2................................... 22.5 22.5 23.4 22.4 22.7 22.8 22.2 24.3 24.4
43 Corporate profits1................................................ 127.0 144.2 159.6 154.8 148.2 132.6 163.4 165.2 177.0
44 Profits before tax 3............................................ 155.9 173.9 202.1 177.5 178.3 172.1 205.5 205.4 225.3
45 Inventory valuation adjustment....................... -14.5 - 14.8 -24.4 - 7 . 7 -14.8 -23.5 - 24.9 - 20.9 -28.4
46 Capital consumption adjustment..................... -14.4 -14.9 -18.1 -1 5. 0 -15.3 -16.1 -17.2 -19.3 -19.9
47 Net interest....................................................... 84.3 95.4 106.3 97.3 99.0 101.7 104.6 107.4 111.4
1With inventory valuation and capital consumption adjustments.
2With capital consumption adjustments.
3 For after-tax profits, dividends, and the like, see table 1.50.
Source. Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
April 1979
A52 Domestic Nonfinancial Statistics □ May 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account
1976 1977 1978
1977 1978 1979
Q4
Ql
Q2 Q3 Q4 Ql*
Gross national product
1 1,700.1 1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,265.6
By source
2 Personal consumption expenditures...................... 1,090.2 1,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9 1,444.7
3 Durable goods.................................................. 156.6 178.4 197.5 187.2 183.5 197.8 199.5 209.1 213.4
4 Nondurable goods............................................ 442.6 479.0 526.5 496.9 501.4 519.3 531.7 553.4 569.7
5 Services.............................................................. 491.0 549.2 616.2 571.1 591.8 605.8 625.8 641.4 661.6
6 Gross private domestic investment........................ 243.0 297.8 345.6 313.5 322.7 345.4 350.1 364.0 371.6
7 Fixed investment............................................... 232.8 282.3 329.6 300.5 306.0 325.3
336.5 350.5 353.5
8 Nonresidential................................................ 164.6 190.4 222.6 200.3 205.6 220.1 227.5 237.1 242.6
9 Structures................................................... 57.3 63.9 77.8 67.4 68.5 76.6 80.9 85.1 85.0
10 Producers’ durable equipment................. 107.3 126.5 144.8 132.8 137.1 143.5 146.6 152.0 157.6
11 Residential structures................................... 68.2 91.9 107.0 100.2 100.3 105.3 109.0 113.4 110.9
12 Nonfarm.................................................... 65.8 88.9 103.8 97.5 97.3 102.1
105.7 110.2 107.8
13 Change in business inventories........................ 10.2 15.6 16.0 13.1 16.7 20.1 13.6 13.5 18.1
14 Nonfarm........................................................ 12.2 15.0 16.7 10.4 16.9 22.1 14.6 13.4 19.6
15 Net exports of goods and services......................... 7.4 - 1 1 . 1 - 1 2 . 0 - 2 3 . 2 - 2 4 . 1 - 5 . 5 - 1 0 . 7 - 7 . 6 - 1 0 . 3
16 Exports.............................................................. 163.2 175.5 204.8 172.1 181.7 205.4 210.1 221.9 229.0
17 I mports.............................................................. 155.7 186.6 216.8 195.2 205.8 210.9 220.8 229.5 239.2
18 Government purchases of goods and services.. . . 359.5 394.0 433.9 412.5 416.7 424.7 439.8 454.5 459.4
19 Federal............................................................... 129.9 145.1 153.8 152.2 151.5 147.2 154.0 162.5 164.7
20 State and 1ocal.................................................. 229.6 248.9 280.2 260.3 265.2 277.6 285.8 292.0 294.8
By major type of product
21 Final sales, total.................................................... 1,689.9 1,871.6 2,091.6 1,945.0 1,975.3 2,067.4 2,122.5 2,201.3 2,247.4
22 Goods................................................................. 760.3 832.6 918.4 859.6 861.8 912.2 927.3 972.5 1,000.7
23 Durable.......................................................... 304.6 341.3 376.8 347.4 351.2 375.8 380.1 400.1 421.8
24 Nondurable.................................................... 455.7 491.3 541.7 512.2 510.6 536.4 547.2 572.4 579.0
25 Services.............................................................. 778.0 862.8 962.5 893.6 926.4 952.0 973.7 997.7 1,025.2
26 Structures.......................................................... 161.9 191.8 226.7 204.9 203.8 223.4 235.0 244.7 239.6
27 Change in business inventories............................ 10.2 15.6 16.0 13.1 16.7 20.1 13.6 13.5 18.1
28 Durable goods.................................................. 5.3 8.4 11.7 6.3 14.8 10.8 10.2 10.8 22.4
29 Nondurable goods............................................ 4.9 7.2 4.3 6.8 1.9 9.3 3.4 2.7 -4.3
30 Memo: Total GNP in 1972 dollars.................... 1,271.0 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,417.3
National income
31 1,359.2 1,515.3 r1,703.7 1,576.9 1,603.1 1,688.1 1,728.4 "1,795.2 n.a.
32 Compensation of employees................................ 1,036.8 1,153.4 1,301.4 1,199.7 1,241.0 1,287.8 1,317.1 1,359.8 1,405.9
33 Wages and salaries............................................ 890.1 983.6 1,101.0 1,021.2 1,050.8 1,090.2 1,113.4 1,149.4 1,184.5
34 Government and government enterprises . . 187.6 200.8 216.1 208.1 211.4 213.9 216.8 222.3 225.1
35 Other.............................................................. 702.5 782.9 884.8 813.1 839.3 876.3 896.6 921.X 959.5
36 Supplement to wages and salaries..................... 146.7 169.8 200.5 178.4 190.2 197.6 203.6 210.4 221.4
37 Employer contributions for social
insurance................................................ 69.7 79.4 94.5 82.4 90.2 93.6 95.1 98.6 105.5
38 Other labor income....................................... 77.0 90.4 105.9 96.1 100.0 104.0 107.9 111.8 115.9
39 Proprietors’ income1.............................................. 88.6 99.8 113.2 107.3 105.0 110.1 114.5 123.0 123.7
40 Business and professional1............................... 70.2 79.5 87.8 82.3 83.1 86.1 89.6 92.6 93.1
41 Farm1................................................................ 18.4 20.3 25.3 25.1 21.9 24.0 25.0 30.4 30.6
42 Rental income of persons2................................... 22.5 22.5 23.4 22.7 22.8 22.2 24.3 24.4 24.7
43 Corporate profits 1................................................ 127.0 144.2 "159.5 148.2 132.6 163.4 165.2 "176.6 n.a.
44 Profits before tax 3............................................ 155.9 173.9 "202.0 178.3 172.1 205.5 205.4 "224.9 n.a.
45 Inventory valuation adjustment....................... -14.5 -14.8 -24.4 -14.8 -23.5 -24.9 -20.9 -28.4 -40.3
46 Capital consumption adjustment..................... -14.4 -14.9 -18.1 -15.3 -16.1 -17.2 -19.3 -19.9 -20.7
47 Net interest............................................................ 84.3 95.4 106.3 99.0 101.7 104.6 107.4 111.4 114.2
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, and the like, seetable 1.50.
2With capital consumption adjustments.
Source. Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
May 1979
A 5 2 D o m e s t i c N o n f i n a n c i a l S t a t i s t i c s   J u n e 1 9 7 9
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account
1976 1977 1978
1977 1978 1979
Q4 Ql
Q2
Q3 Q4
Ql
Gross national product
1 1,700.1 1,887.2 2,107.6 1,958.1 1,992.0 2 ,,087.5 2,136.1 2,214.8 2,264.8
By source
2 Personal consumption expenditures.................... 1,090.2 1,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9 1,440.4
3 Durable goods.................................................. 156.6 178.4 197.5 187.2 183.5 197.8 199.5 209.1 211.4
4 Nondurable goods............................................ 442.6 479.0 526.5 496.9 501.4 519.3 531.7 553.4 567.9
5 Services.............................................................. 491.0 549.2 616.2 571.1 591.8 605.8 625.8 641.4 661.0
6 Gross private domestic investment..................... 243.0 297.8 345.6 313.5 322.7 345.4 350.1 364.0 371.1
7 Fixed investment............................................... 232.8 282.3 329.6 300.5 306.0 325.3 336.5 350.5 354.5
8 Nonresidential............................................... 164.6 190.4 222.6 200.3 205.6 220.1 227.5 237.1 244.1
9 Structures................................................... 57.3 63.9 77.8 67.4 68.5 76.6 80.9 85.1 85.2
10 Producers’ durable equipment................. 107.3 126.5 144.8 132.8 137.1 143.5 146.6 152.0 158.9
11 Residential structures................................... 68.2 91.9 107.0 100.2 100.3 105.3 109.0 113.4 110.4
12 Nonfarm.................................................... 65.8 88.9 103.8 97.5 97.3 102.1 105.7 110.2 107.2
13 Change in business inventories........................ 10.2 15.6 16.0 13.1 16.7 20.1 13.6
13.5 16.6
14 Nonfarm........................................................ 12.2 15.0 16.7 10.4 16.9 22.1 14.6 13.4 17.8
15 Net exports of goods and services....................... 7.4 -11.1 -12.0 -23.2 -24.1 -5.5 -10.7
-7.6 -5.3
16 Exports.............................................................. 163.2 175.5 204.8 172.1 181.7 205.4 210.1 221.9 233.8
17 I mports.............................................................. 155.7 186.6 216.8 195.2 205.8 210.9 220.8 229.5 239.0
18 Government purchases of goods and services... 359.5 394.0 433.9 412.5 416.7 424.7 439.8 454.5 458.5
19 Federal............................................................... 129.9 145.1 153.8 152.2 151.5 147.2 154.0 162.5 164.5
20 State and 1ocal.................................................. 229.6 248.9 280.2 260.3 265.2 277.6 285.8 292.0 294.0
By major type of product
21 Final sales, total.................................................... 1,689.9 1,871.6 2,091.6 1,945.0 1,975.3 2,067.4 2,122.5 2,201.3 2,248.1
22 Goods................................................................. 760.3 832.6 918.4 859.6 861.8 912.2 927.3 972.5 1,000.8
23 Durable.......................................................... 304.6 341.3 376.8 347.4 351.2 375.8 380.1 400.1 426.0
24 Nondurable.................................................... 455.7 491.3 541.7 512.2 510.6 536.4 547.2 572.4 574.8
25 Services.............................................................. 778.0 862.8 962.5 893.6 926.4 952.0 973.7 997.7 1,025.9
26 Structures.......................................................... 16.1.9 191.8 226.7 204.9 203.8 223.4 235.0 244.7 238.1
27 Change in business inventories............................ 10.2 15.6 16.0 13.1 16.7 20.1 13.6 13.5 16.6
28 Durable goods.................................................. 5.3 8.4 11.7 6.3 14.8 10.8 10.2 10.8 20.1
29 Nondurable goods............................................ 4.9 7.2 4.3 6.8 1.9 9.3 3.4 2.7 - 3.4
30 Memo: Total GNP in 1972 dollars................... 1,271.0 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,416.3
National income
31 1,359.2 1,515.3 1,703.7 1,576.9 1,603.1 1,688.1 1,728.4 1,795.2 1,835.4
32 Compensation of employees................................ 1,036.8 1,153.4 1,301.4 1,199.7 1,241.0 1,287.8 1,317.1 1,359.8 1,406.8
33 Wages and salaries............................................ 890.1 983.6 1,101.0 1,021.2 1,050.8 1,090.2 1,113.4 1,149.4 1,185.2
34 Government and government enterprises.. 187.6 200.8 216.1 208.1 211.4 213.9 216.8 222.3 225.1
35 Other.............................................................. 702.5 782.9 884.8 813.1 839.3 876.3 896.6 927.1 960.1
36 Supplement to wages and salaries................... 146.7 169.8 200.5 178.4 190.2 197.6 203.6 210.4 221.5
37 Employer contributions for social
insurance................................................ 69.7 79.4 94.5 82.4 90.2 93.6 95.7 98.6 105.6
38 Other labor income....................................... 77.0 90.4 105.9 96.1 100.0 104.0 107.9 111.8 115.9
39 Proprietors’ income1............................................ 88.6 99.8 113.2 107.3 105.0 110.1 114.5 123.0 123.6
40 Business and professional1............................... 70.2 79.5 87.8 82.3 83.1 86.1 89.6 92.6 93.0
41 Farm1................................................................ 18.4 20.3 25.3 25.1 21.9 24.0 25.0 30.4 30.6
42 Rental income of persons2................................... 22.5 22.5 23.4 22.7 22.8 22.2 24.3 24.4 24.7
43 Corporate profits1................................................ 127.0 144.2 159.5 148.2 132.6 163.4 165.2 176.6 166.0
44 Profits before tax3............................................ 155.9 173.9 202.0 178.3 172.1 205.5 205.4 224.9 226.9
45 Inventory valuation adjustment....................... -14.5 -14.8 -24.4 -14.8 -23.5 -24.9 -20.9 -28.4 -40.2
46 Capital consumption adjustment..................... -14.4 -14.9 -18.1 -15.3 -16.1 -17.2 -19.3 -19.9 -20.7
47 Net interest............................................................ 84.3 95.4 106.3 99.0 101.7 104.6 107.4 111.4 114.5
1With inventory valuation and capital consumption adjustments. 3For after-tax profits, dividends, and the like, seetable 1.50.
2With capital consumption adjustments.
Source. Survey of Current Business(U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
June 1979
A52 Domestic Nonfinancial Statistics   July 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account
1976 1977 1978
1977 1978 1979
Q4 Ql
Q2 Q3 Q4
Ql
Gross national product
1 1,700.1 1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,267.3
By source
2 Personal consumption expenditures.................... 1,090.2 1,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9 1,442.2
3 Durable goods.................................................. 156.6 178.4 197.5 187.2 183.5 197.8 199.5 209.1 211.5
4 442.6 479.0 526.5 496.9 501.4 519.3 531.7 553.4 567.7
5 Services.............................................................. 491.0 549.2 616.2 571.1 591.8 605.8 625.8 641.4 663.1
6 Gross private domestic investment..................... 243.0 297.8 345.6 313.5 322.7 345.4 350.1 364.0 370.4
7 Fixed investment............................................... 232.8 282.3 329.6 300.5 306.0 325.3 336.5 350.5 355.1
8 Nonresidential............................................... 164.6 190.4 222.6 200.3 205.6 220.1 227.5 237.1 244.0
9 Structures................................................... 57.3 63.9 77.8 67.4 68.5 76.6 80.9 85.1 85.8
10 Producers’ durable equipment................. 107.3 126.5 144.8 132.8 137.1 143.5 146.6 152.0 158.3
11 Residential structures................................... 68.2 94.9 107.0 100.2 100.3 105.3 109.0 113.4 111.1
12 Nonfarm.................................................... 65.8 88.9 103.8 97.5 97.3 102.1 105.7 110.2 108.0
13 Change in business inventories........................ 10.2 15.6 16.0 13.1 16.7 20.1 13.6 13.5 15.3
14 Nonfarm........................................................ 12.2 15.0 16.7 10.4 16.9 22.1 14.6 13.4 16.5
15 Net exports of goods and services....................... 7.4 -11.1 -12.0 -23.2 -24.1 -5.5 -10.7 -7.6 - 3.7
16 Exports.............................................................. 163.2 175.5 204.8 172.1 181.7 205.4 210.1 221.9 235.0
17 Imports.............................................................. 155.7 186.6 216.8 195.2 205.8 210.9 220.8 229.5 238.7
18 Government purchases of goods and services. . . 359.5 394.0 433.9 412.5 416.7 424.7 439.8 454.5 458.4
19 Federal............................................................... 129.9 145.1 153.8 152.2 151.5 147.2 154.0 162.5 164.5
20 State and local.................................................. 229.6 248.9 280.2 260.3 265.2 277.6 285.8 292.0 293.9
By major type of product
21 Final sales, total.................................................... 1,689.9 1,871 .6 2,091.6 1,945.0 1,975.3 2,067.4 2,122.5 2,201.3 2,252.0
22 Goods................................................................ 760.3 832.6 918.4 859.6 861.8 912.2 927.3 972.5 999.3
23 Durable.......................................................... 304.6 341.3 376.8 347.4 351.2 375.8 380.1 400.1 424.8
24 Nondurable.................................. ................. 455.7 491.3 541.7 512.2 510.6 536.4 547.2 572.4 575.0
25 Services.............................................................. 778.0 862.8 962.5 893.6 926.4 952.0 973.7 997.7 1,028.9
26 Structures.......................................................... 161.9 191.8 226.7 204.9 203.8 223.4 235.0 244.7 239.1
27 Change in business inventories............................ 10.2 15.6 16.0 13.1 16.7 20.1 13.6 13.5 15.3
28 Durable goods.................................................. 5.3 8.4 11.7 6.3 14.8 10.8 10.2 10.8 18.5
29 4.9 7.2 4.3 6.8 1.9 9.3 3.4 2.7 -3.2
30 Me mo : Total GNP in 1972 dollars................... 1,271.0 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,417.6
National income
31 1,359.2 1,515.3 1,703.7 1,576.9 1,603.1 1,688.1 1,728.4 1,795.2 1,838.7
32 Compensation of employees................................ 1,036.8 1,153.4 1,301.4 1,199.7 1,241.0 1,287.8 1,317.1 1,359.8 1,406.6
33 Wages and salaries............................................ 890.1 983.6 1,101.0 1,021.2 1,050.8 1,090.2 1,113.4 1,149.4 1,185.1
34 Government and government enterprises.. 187.6 200.8 216.1 208.1 211.4 213.9 216.8 222.3 225.1
35 Other.............................................................. 702.5 782.9 884.8 813.1 839.3 876.3 896.6 927.1 960.1
36 Supplement to wages and salaries................... 146.7 169.8 200.5 178.4 190.2 197.6 203.6 210.4 221.5
37 Employer contributions for social
insurance................................................ 69.7 79.4 94.5 82.4 90.2 93.6 95.7 98.6 105.6
38 Other labor income....................................... 77.0 90.4 105.9 96.1 100.0 104.0 107.9 111.8 115.9
39 Proprietors’ income1............................................ 88.6 99.8 113.2 107.3 105.0 110.1 114.5 123.0 123.4
40 Business and professional1............................... 70.2 79.5 87.8 82.3 83.1 86.1 89.6 92.6 92.9
41 Farm1................................................................ 18.4 20.3 25.3 25.1 21.9 24.0 25.0 30.4 30.6
42 Rental income of persons2................................... 22.5 22.5 23.4 22.7 22.8 22.2 24.3 24.4 24.7
43 Corporate profits1................................................ 127.0 144.2 159.5 148.2 132.6 163.4 165.2 176.6 168.7
44 Profits before tax 3............................................ 155.9 173.9 202.0 178.3 172.1 205.5 205.4 224.9 229.8
45 Inventory valuation adjustment....................... -14.5 -14.8 -24.4 -14.8 -23.5 -24.9 -20.9 -28.4 -40.4
46 Capital consumption adjustment..................... -14.4 -14.9 -18.1 -15.3 —16.1 -17.2 -19.3 -19.9 -20.7
47 Net interest........................................................... 84.3 95.4 106.3 99.0 101.7 104.6 107.4 111.4 115.2
1. With inventory valuation and capital consumption adjustments. 3. For after-tax profits, dividends, and the like, seetable 1.50.
2. With capital consumption adjustments.
So u r c e . Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
July 1979
A52 Domestic Nonfinancial Statistics □ August 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1976 1977 1978
1978 1979
Ql
Q2 Q3 Q4 Ql
Q2
Gr oss Nat ional Pr oduc t
1 1,702.2 1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2,327.2
By source
2 Personal consumption expenditures..................... 1,089.9 1,210.0 1,350.8 1,287.2 1,331.2 1,369.3 1,415.4 1,454.2 1,474.2
3 Durable goods....................................................... 157.4 178.8 200.3 185.3 200.3 203.5 212.1 213.8 207.3
4 Nondurable goods................................................. 443.9 481.3 530.6 505.9 521.8 536.7 558.1 571.1 578.7
5 Services.................................................................... 488.5 549.8 619.8 596.0 609.1 629.1 645.1 669.3 688.2
6 Gross private domestic investment....................... 243.0 303.3 351.5 327.0 352.3 356.2 370.5 373.8 391.3
7 Fixed investment................................................... 233.0 281.3 329.1 304.1 326.5 336.1 349.8 354.6 360.0
8 Nonresidential................................................... 164.9 189.4 221.1 203.7 218.8 225.9 236.1 243.4 247.1
9 Structures........................................................ 57.3 62.6 76.5 66.9 75.2 79.7 84.4 84.9 90.2
10 Producers’ durable equipment................... 107.6 126.8 144.6 136.8 143.6 146.3 151.8 158.5 156.9
11 Residential structures....................................... 68.1 91.9 108.0 100.5 107.7 110.2 113.7 111.2 112.9
12 Nonfarm......................................................... 65.7 88.8 104.4 96.8 104.3 106.4 110.0 107.8 109.2
13 Change in business inventories.......................... 10.0 21.9 22.3 22.8 25.8 20.0 20.6 19.1 31.4
14 Nonfarm............................................................. 12.1 20.7 21.3 22.0 25.3 18.5 19.3 18.8 31.5
15 Net exports of goods and services......................... 8.0 - 9.9 - 10.3 -22.2 - 7.6 - 6.8 - 4.5 4.0 - 7.0
16 Exports.................................................................... 163.3 175.9 207.2 184.4 205.7 213.8 224.9 238.5 242.5
17 I mports.................................................................... 155.4 185.8 217.5 206.6 213.3 220.6 229.4 234.4 249.5
18 Government purchases of goods and services... 361.3 396.2 435.6 419.4 428.3 440.9 453.8 460.1 468.7
19 Federal..................................................................... 129.7 144.4 152.6 150.9 148.2 152.3 159.0 163.6 162.9
20 State and local....................................................... 231.6 251.8 283.0 268.5 280.1 288.6 294.8 296.5 305.8
By major type of product
21 Final sales, total......................................................... 1,692.1 1,877.6 2,105.2 1,988.5 2,078.4 2,139.5 2,214.5 2,272.9 2,295.8
22 Goods....................................................................... 762.7 842.2 930.0 873.0 922.5 940.9 983.8 1,011.8 1,011.9
23 Durable................................................................ 305.9 345.9 380.4 358.7 378.0 382.6 402.3 425.5 416.9
24 Nondurable......................................................... 456.8 496.3 549.6 514.3 544.5 558.3 581.6 586.2 595.0
25 Services.................................................................... 776.7 866.4 969.3 934.1 956.2 981.7 1,005.3 1,041.4 1,066.9
26 Structures................................................................ 162.7 190.9 228.2 204.2 225.6 237.0 246.0 238.9 248.4
27 Change in business inventories.............................. 10.0 21.9 22.3 22.8 25.8 20.0 20.6 19.1 31.4
28 5.3 11.9 13.9 18.6 13.1 10.3 13.4 18.4 22.4
29 Nondurable goods................................................. 4.7 10.0 8.4 4.2 12.7 9.7 7.2 .7 9.0
30 1,273.0 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,418.8
Nat ional I ncome
31 1,359.8 1,525.8 1,724.3 1,621.0 1,703.9 1,752.5 1,820.0 1,869.0 n.a.
32 Compensation of employees.................................... 1,037.8 1,156.9 1,304.5 1,244.0 1,288.2 1,321.1 1,364.8 1,411.2 1,439.0
33 Wages and salaries................................................ 890.0 984.0 1,103.5 1,052.0 1,090.0 1,117.4 1,154.7 1,189.4 1,210.8
34 Government and government enterprises . . 188.0 201.3 218.0 212.3 215.3 219.2 225.1 228.1 231.3
35 Other.................................................................... 702.0 782.7 885.5 839.7 874.6 898.1 929.6 961.3 979.5
36 Supplement to wages and salaries..................... 147.8 172.9 201.0 192.0 198.3 203.7 210.1 221.8 228.2
37 Employer contributions for social
insurance..................................................... 70.4 81.2 94.6 91.0 93.6 95.5 98.2 105.8 107.8
38 Other labor income.......................................... 77.4 91.8 106.5 101.1 104.7 108.2 111.9 116.0 120.3
39 Proprietors’ income1................................................. 89.3 100.2 116.8 109.1 115.0 117.4 125.7 129.0 129.2
40 Business and professional1.................................. 71.0 80.5 89.1 83.4 87.3 91.3 94.4 94.8 95.5
41 Farm1...................................................................... 18.3 19.6 27.7 25.7 27.7 26.1 31.3 34.2 33.7
42 Rental income of persons2...................................... 22.1 24.7 25.9 25.2 24.4 26.8 27.1 27.3 26.8
43 Corporate profits1..................................................... 126.8 150.0 167.7 141.2 169.4 175.2 184.8 178.9 n.a.
44 Profits before tax3................................................. 156.0 177.1 206.0 177.5 207.2 212.0 227.4 233.3 n.a.
45 Inventory valuation adjustment......................... -14.6 -15.2 - 25.2 -23.9 -25.1 -23.0 -28.8 -39.9 -36.4
46 Capital consumption adjustment....................... -14.5 -12.0 -13.1 -12.4 -12.6 -13.8 -13.8 -14.5 -14.7
83.8 94.0 109.5 101.5 106.8 111.9 117.6 122.6 126.1
1. With inventory valuation and capital consumption adjustments. 3. For after-tax profits, dividends, and the like, see table 1.50.
2. With capital consumption adjustments.
Source. Survey o f Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
August 1979
A52 Domestic Nonfinancial Statistics □September 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1976 1977 1978
1978 1979
Ql
Q2 Q3 Q4
Ql Q2r
Gr oss Nat ional Pr oduct
1 1,702.2 1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2,329.4
By source
2 Personal consumption expenditures.................... 1,089.9 1,210.0 1,350.8 1,287.2 1,331.2 1,369.3 1,415.4 1,454.2 1,475.2
3 Durable goods.................................................. 157.4 178.8 200.3 185.3 200.3 203.5 212.1 213.8 208.1
4 Nondurable goods............................................ 443.9 481.3 530.6 505.9 521.8 536.7 558.1 571.1 580.8
5 Services.............................................................. 488.5 549.8 619.8 596.0 609.1 629.1 645.1 669.3 686.2
6 Gross private domestic investment..................... 243.0 303.3 351.5 327.0 352.3 356.2 370.5 373.8 395.7
7 Fixed investment............................................... 233.0 281.3 329.1 304.1 326.5 336.1 349.8 354.6 361.1
8 Nonresidential............................................... 164.9 189.4 221.1 203.7 218.8 225.9 236.1 243.4 247.6
9 Structures................................................... 57.3 62.6 76.5 66.9 75.2 79.7 84.4 84.9 89.9
10 Producers' durable equipment................. 107.6 126.8 144.6 136.8 143.6 146.3 151.8 158.5 157.7
11 Residential structures................................... 68.1 91.9 108.0 100.5 107.7 110.2 113.7 111.2 113.5
12 Nonfarm.................................................... 65.7 88.8 104.4 96.8 104.3 106.4 110.0 107.8 109.7
13 Change in business inventories....................... 10.0 21.9 22.3 22.8 25.8 20.0 20.6 19.1 34.6
14 Nonfarm........................................................ 12.1 20.7 21.3 22.0 25.3 18.5 19.3 18.8 33.8
15 Net exports of goods and services....................... 8.0 -9.9 -10.3 - 22.2 - 7.6 - 6.8 -4.5 4.0 -7.6
16 Exports.............................................................. 163.3 175.9 207.2 184.4 205.7 213.8 224.9 238.5 244.0
17 Imports........................................................ . 155.4 185.8 217.5 206.6 213.3 220.6 229.4 234.4 251.6
18 Government purchases of goods and services... 361.3 396.2 435.6 419.4 428.3 440.9 453.8 460.1 466.1
19 Federal............................................................... 129.7 144.4 152.6 150.9 148.2 152.3 159.0 163.6 161.5
20 State and local.................................................. 231.6 251.8 283.0 268.5 280.1 288.6 294.8 296.5 304.6
By major type of product
21 Final sales, total.................................................... 1,692.1 1,877.6 2,105.2 1,988.5 2,078.4 2,139.5 2,214.5 2,272.9 2,294.7
22 Goods................................................................. 762.7 842.2 930.0 873.0 922.5 940.9 983.8 1,011.8 1,017.4
23 305.9 345.9 380.4 358.7 378.0 382.6 402.3 425.5 421.3
24 Nondurable.................................................... 456.8 496.3 549.6 514.3 544.5 558.3 581.6 586.2 596.1
25 Services.............................................................. 776.7 866.4 969.3 934.1 956.2 981.7 1,005.3 1,041.4 1,064.5
26 Structures.......................................................... 162.7 190.9 228.2 204.2 225.6 237.0 246.0 238.9 247.4
27 Change in business inventories............................ 10.0 21.9 22.3 22.8 25.8 20.0 20.6 19.1 34.6
28 Durable goods................................................... 5.3 11.9 13.9 18.6 13.1 10.3 13.4 18.4 25.3
29 Nondurable goods............................................ 4.7 10.0 8.4 4.2 12.7 9.7 7.2 .7 9.3
30 Memo: Total GNP in 1972 dollars.................... 1,273.0 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422.1
Nat ional I ncome
31 1,359.8 1,525.8 1,724.3 1,621.0 1,703.9 1,752.5 1,820.0 1,869.0 1,897.0
32 Compensation of employees................................ 1,037.8 1,156.9 1,304.5 1,244.0 1,288.2 1,321.1 1,364.8 1,411.2 1,439.4
33 Wages and salaries............................................ 890.0 984.0 1,103.5 1,052.0 1,090.0 1,117.4 1,154.7 1,189.4 1,211.3
34 Government and government enterprises . . 188.0 201.3 218.0 212.3 215.3 219.2 225.1 228.1 231.2
35 Other........................... ................................ 702.0 782.7 885.5 839.7 874.6 898.1 929.6 961.3 980.1
36 Supplement to wages and salaries................... 147.8 172.9 201.0 192.0 198.3 203.7 210.1 221.8 228.2
37 Employer contributions for social
insurance................................................ 70.4 81.2 94.6 91.0 93.6 95.5 98.2 105.8 107.8
38 Other labor income....................................... 77.4 91.8 106.5 101.1 104.7 108.2 111.9 116.0 120.3
39 Proprietors’ income1............................................ 89.3 100.2 116.8 109.1 115.0 117.4 125.7 129.0 129.2
40 Business and professional1............................... 71.0 80.5 89.1 83.4 87.3 91.3 94.4 94.8 95.5
41 Farm1................................................................ 18.3 19.6 27.7 25.7 27.7 26.1 31.3 34.2 33.7
42 Rental income of persons2................................... 22.1 24.7 25.9 25.2 24.4 26.8 27.1 27.3 26.8
43 Corporate profits1................................................ 126.8 150.0 167.7 141.2 169.4 175.2 184.8 178.9 175.5
44 Profits before tax3............................................ 156.0 177.1 206.0 177.5 207.2 212.0 227.4 233.3 226.9
45 Inventory valuation adjustment....................... -14.6 -15.2 -25.2 -23.9 -25.1 -23.0 -28.8 -39.9 -36.6
46 Capital consumption adjustment..................... -14.5 - 12.0 -13.1 -12.4 - 12.6 -13.8 -13.8 -14.5 -14.7
47 Net interest............................................................ 83.8 94.0 109.5 101.5 106.8 111.9 117.6 122.6 126.0
1. With inventory valuation and capital consumption adjustments. 3. For after-tax profits, dividends, and the like, seetable 1.50.
2. With capital consumption adjustments.
Source. Survey of Current Business (U.S. Dept, of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
September 1979
A52 Domestic Nonfinancial Statistics • October 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1976 1977 1978
1978 1979
Account 1976 1977 1978
Q1
Q2 Q3 Q4
Q1 Q2
r
GROSS NATIONAL PRODUCT
1 Total 1,702.2 1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2,329.8
By source
2 Personal consumption expenditures 1,089.9 1,210.0 1,350.8 1,287.2 1,331.2 1,369.3 1,415.4 1,454.2 1,475.9
3 Durable goods 157.4 178.8 200.3 185.3 200.3 203.5 212.1 213.8 208.7
4 Nondurable goods 443.9 481.3 530.6 505.9 521.8 536.7 558.1 571.1 581.2
5 Services 488.5 549.8 619.8 596.0 609.1 629.1 645.1 669.3 686.0
6 Gross private domestic investment 243.0 303.3 351.5 327.0 352.3 356.2 370.5 373.8 395.4
7 Fixed investment 233.0 281.3 329.1 304.1 326.5 336.1 349.8 354.6 361.9
8 Nonresidential 164.9 189.4 221.1 203.7 218.8 225.9 236.1 243.4 249.1
9 Structures 57.3 62.6 76.5 66.9 75.2 79.7 84.4 84.9 90.5
10 Producers' durable equipment 107.6 126.8 144.6 136.8 143.6 146.3 151.8 158.5 158.6
11 Residential structures 68.1 91.9 108.0 100.5 107.7 110.2 113.7 111.2 112.9
12 Nonfarm 65.7 88.8 104.4 96.8 104.3 106.4 110.0 107.8 109.1
13 Change in business inventories 10.0 21.9 22.3 22.8 25.8 20.0 20.6 19.1 33.4
14 Nonfarm 12.1 20.7 21.3 22.0 25.3 18.5 19.3 18.8 32.6
15 Net exports of goods and services 8.0 - 9. 9 - 10. 3 - 22. 2 - 7. 6 - 6. 8 - 4. 5 4.0 - 8. 1
16 Exports 163.3 175.9 207.2 184.4 205.7 213.8 224.9 238.5 243.7
17 I mports 155.4 185.8 217.5 206.6 213.3 220.6 229.4 234.4 251.9
18 Government purchases of goods and services... 361.3 396.2 435.6 419.4 428.3 440.9 453.8 460.1 466.6
19 Federal 129.7 144.4 152.6 150.9 148.2 152.3 159.0 163.6 161.7
20 State and local 231.6 251.8 283.0 268.5 280.1 288.6 294.8 296.5 304.9
By major type of product
1,692.1 1,877.6 2,105.2 1,988.5 21 Final sales, total 1,692.1 1,877.6 2,105.2 1,988.5 2,078.4 2,139.5 2,214.5 2,272.9 2,296.4
22 Goods 762.7 842.2 930.0 873.0 922.5 940.9 983.8 1,011.8 1,018.1
23 Durable 305.9 345.9 380.4 358.7 378.0 382.6 402.3 425.5 422.4
456.8 496.3 549.6 514.3 544.5 558.3 581.6 586.2 595.7
776.7 866.4 969.3 934.1 956.2 981.7 1,005.3 1,041.4 1,064.2
162.7 190.9 228.2 204.2 225.6 237.0 246.0 238.9 247.5
10.0 21.9 22.3 22.8 25.8 20.0 20.6 19.1 33.4
5.3 11.9 13.9 18.6 13.1 10.3 13.4 18.4 24.3
4.7 10.0 8.4 4.2 12.7 9.7 7.2 .7 9.1
30 MEMO: Total GNP in 1972 dollars 1,273.0 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422.3
NATIONAL INCOME
31 Total 1,359.8 1,525.8 1,724.3 1,621.0 1,703.9 1,752.5 1,820.0 1,869.0 1,897.9
32 Compensation of employees 1,037.8 1,156.9 1,304.5 1,244.0 1,288.2 1,321.1 1,364.8 1,411.2 1,439.7
33 Wages and salaries 890.0 984.0 1,103.5 1,052.0 1,090.0 1,117.4 1,154.7 1,189.4
1,211.5
34 Government and government enterprises.. 188.0 201.3 218.0 212.3 215.3 219.2 225.1 228.1 231.2
35 Other 702.0 782.7 885.5 839.7 874.6 898.1 929.6 961.3 980.3
36 Supplement to wages and salaries 147.8 172.9 201.0 192.0 198.3 203.7 210.1 221.8 228.2
37 Employer contributions for social
70.4 81.2 94.6 70.4 81.2 94.6 91.0 93.6 95.5 98.2 105.8 107.9
77.4 91.8 106.5 101.1 104.7 108.2 111.9 116.0 120.3
39 Proprietors' income
1
89.3 100.2 116.8 109.1 115.0 117.4 125.7 129.0
129.3
71.0 80.5 89.1 83.4 87.3 91.3 94.4 94.8
95.5
18.3 19.6 27.7 25.7 27.7 26.1 31.3 34.2
33.7
22.1 24.7 25.9 25.2 24.4 26.8 27.1 27.3
26.8
43 Corporate profits
1
126.8 150.0 167.7 141.2 169.4 175.2 184.8 178.9
176.6
44 Profits before tax
3
156.0 177.1 206.0 177.5 207.2 212.0 227.4 233.3
227.9
45 I nventory valuation adjustment
- 14. 6 - 15. 2 - 25. 2 - 23. 9 - 25. 1 - 23. 0 - 28. 8 - 39. 9
- 36. 6
46 Capital consumption adjustment
- 14. 5 - 12. 0 - 13. 1 - 12. 4 - 12. 6 - 13. 8 - 13. 8 - 14. 5
- 14. 7
83.8 94.0 109.5 101.5 106.8 111.9 117.6 122.6
125.6
1. With inventory valuation and capital consumption adjustments. 3. For after-tax profits, dividends, and the like, see table 1.50.
2. With capital consumption adjustments.
SOURCE. Survey of Current Business (Department of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
October 1979
A52 Domestic Nonfinancial Statistics • November 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1976 1977 1978
1978 1979
Account 1976 1977 1978
Q2 Q3 Q4 Ql Q2 Q3 p
GROSS NATIONAL PRODUCT
1 Total 1,702.2 1,899.5 2,127.6 2,104.2 2,159.6 2,235.2 2,292.1 2,329.8 2,391.5
By source
2 Personal consumption expenditures 1,089.9 1,210.0 1.350.8 1,331.2 1,369.3 1,415.4 1,454.2 1,475.9 1,528.6
3 Durable goods 157.4 178.8 200.3 200.3 203.5 212.1 213.8 208.7 213.7
4 Nondurable goods 443.9 481.3 530.6 521.8 536.7 558.1 571.1 581.2 602.5
5 Services 488.5 549.8 619.8 609.1 629.1 645.1 669.3 686.0 712.4
6 Gross private domestic investment 243.0 303.3 351.5 352.3 356.2 370.5 373.8 395.4 392.1
7 Fixed investment 233.0 281.3 329. 1 326.5 336.1 349.8 354.6 361.9 372. 1
8 Nonresidential 164.9 189.4 221.1 218.8 225.9 236.1 243.4 249.1 257.2
9 Structures 57.3 62.6 76.5 75.2 79.7 84.4 84.9 90.5 94.6
10 Producers' durable equipment 107.6 126.8 144.6 143.6 146.3 151.8 158.5 158.6 162.6
11 Residential structures 68. 1 91.9 108.0 107.7 110.2 113.7 111.2 112.9 114.9
12 Nonfarm 65.7 88.8 104.4 104.3 106.4 110.0 107.8 109.1 110.8
13 Change in business inventories 10.0 21.9 22.3 25.8 20.0 20.6 19.1 33.4 20.0
14. Nonfarm 12.1 20.7 21.3 25.3 18.5 19.3 18.8 32.6 19.2
15 Net exports of goods and services 8.0 - 9 . 9 - 10. 3 - 7 . 6 - 6 . 8 - 4 . 5 4. 0 - 8 . 1 - 5 . 3
16 Exports 163.3 175.9 207.2 205.7 213.8 224.9 238.5 243.7 266.4
17 Imports 155.4 185.8 217.5 213.3 220.6 229.4 234.4 251.9 271.7
18 Government purchases of goods and services... 361.3 396.2 435.6 428.3 440.9 453.8 460.1 466.6 476.2
19 Federal 129.7 144.4 152.6 148.2 152.3 159.0 163.6 161.7 162.5
20 State and local 231.6 251.8 283.0 280.1 288.6 294.8 296.5 304.9 313.7
By major type of product
21 Final sales, total 1,692.1 1,877.6 2,105.2 2,078.4 2,139.5 2,214.5 2,272.9 2,296.4 2,371.5
22 Goods 762.7 842.2 930.0 922.5 940.9 983.8 1,011.8 1,018.1 1,035.5
23 Durable 305.9 345.9 380.4 378.0 382.6 402.3 425.5 422.4 424.3
24 Nondurable 456.8 496.3 549.6 544.5 558.3 581.6 586.2 595.7 611.3
25 Services 776.7 866.4 969.3 956.2 981.7 1.005.3 1,041.4 1,064.2 1,098.8
26 Structures 162.7 190.9 228.2 225.6 237.0 246.0 238.9 247.5 257.2
27 Change in business inventories 10.0 21.9 22.3 25.8 20.0 20.6 19.1 33.4 20.0
28 Durable goods 5.3 11.9 13.9 13.1 10.3 13.4 18.4 24.3 9.8
29 Nondurable goods 4.7 10.0 8.4 12.7 9.7 7.2 .7 9.1 10.2
30 MEMO: Total GNP in 1972 dollars 1,273.0 1,340.5 1,399.2 1,395.2 1,407.3 1,426.6 1,430.6 1,422.3 1,430.8
NATIONAL INCOME
31 Total 1,359.8 1,525.8 1,724.3 1,703.9 1,752.5 1,820.0 1,869.0 1,897.9 n.a.
32 Compensation of employees 1.037.8 1,156.9 1.304.5 1,288.2 1,321.1 1,364.8 1,411.2
1,439.7 1,471.8
33 Wages and salaries 890.0 984.0 1,103.5 1,090.0 1,117.4 1,154.7 1,189.4
1,211.5 1,237.0
34 Government and government enterprises.. 188.0 201.3 218.0 215.3 219.2 225.1 228.1 231.2 234.5
35 Other 702.0 782.7 885.5 874.6 898.1 929.6 961.3 980.3 1,002.5
36 Supplement to waues and salaries 147.8 172.9 201.0 198.3 203.7 210.1 221.8 228.2 234.8
37 Employer contributions for social
70.4
234.8
insurance
70.4 81.2 94.6 93.6 95.5 98.2 105.8 107.9 109.9
38 Other labor income 77.4 91.8 106.5 104.7 108.2 111.9 116.0 120.3 124.9
39 Proprietors'income
1
89.3 100.2 116.8 115.0 117.4 125.7 129.0
129.3 128.6
40 Business and professional
1
71.0 80.5 89.1 87.3 91.3 94.4 94.8
95.5 98.9
41 Farm
1
18.3 19.6 27.7 27.7 26.1 31.3 34.2
33.7 29.7
42 Rental income of persons
2
22. 1 24.7 25.9 24.4 26.8 27.1 27.3 26.8 26.5
43 Corporate profits
1
126.8 150.0 167.7 169.4 175.2 184.8 178.9
176.6 n.a.
44 Profits before tax 3 156.0 177. 1 206.0 207.2 212.0 227.4 233.3
227.9 n.a.
45 Inventory valuation adjustment - 14. 6 - 15. 2 - 25. 2 - 25. 1 - 23. 0 - 28. 8 - 39. 9
- 36. 6 - 40. 8
46 Capital consumption adjustment - 14. 5 - 12. 0 - 13. 1 - 12. 6 - 13. 8 - 13. 8 - 14. 5
- 14. 7 - 17. 6
47 Net interest 83.8 94.0 109.5 106.8 111.9 117.6 122.6
125.6 130.8
1. With inventory valuation and capital consumption adjustments. 3. For after-tax profits, dividends, and the like, see table 1.50.
2. With capital consumption adjustments.
SOURCE. Survey of Current Business (Department of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
November 1979
A52 Domestic Nonfinancial Statistics • December 1979
2.16 GROSS NATIONAL PRODUCT AND INCOME
Billions of current dollars except as noted; quarterly data are at seasonally adjusted annual rates.
Account 1976 1977 1978
1978 1979
Account 1976 1977 1978
Q2 Q3 Q4
Ql
Q2 Q3
r
GROSS NATIONAL PRODUCT
1 Total 1,702.2 1,899.5 2,127.6 2,104.2 2,159.6 2,235.2 2,292.1 2,329.8 2,394.5
By source
2 Personal consumption expenditures 1,089.9 1,210.0 1,350.8 1,331.2 1,369.3 1,415.4 1,454.2 1,475.9 1,527.7
3 Durable goods 157.4 178.8 200.3 200.3 203.5 212.1 213.8 208.7 212.5
4 Nondurable goods 443.9 481.3 530.6 521.8 536.7 558.1 571.1 581.2 604.1
5 Services 488.5 549.8 619.8 609.1 629.1 645.1 669.3 686.0 711.2
6 Gross private domestic investment 243.0 303.3 351.5 352.3 356.2 370.5 373.8 395.4 393.7
7 Fixed investment 233.0 281.3 329.1 326.5 336.1 349.8 354.6 361.9 378.4
8 Nonresidential 164.9 189.4 221.1 218.8 225.9 236.1 243.4 249.1 262.0
9 Structures 57.3 62.6 76.5 75.2 79.7 84.4 84.9 90.5 95.1
10 Producers' durable equipment 107.6 126.8 144.6 143.6 146.3 151.8 158.5 158.6 166.9
11 Residential structures 68.1 91.9 108.0 107.7 110.2 113.7 111.2 112.9 116.4
12 Nonfarm 65.7 88.8 104.4 104.3 106.4 110.0 107.8 109.1 112.3
13 Change in business inventories 10.0 21.9 22.3 25.8 20.0 20.6 19.1 33.4 15.3
14 Nonfarm 12.1 20.7 21.3 25.3 18.5 19.3 18.8 32.6 13.4
15 Net exports of goods and services 8.0 - 9 . 9 - 10. 3 - 7 . 6 - 6 . 8 - 4 . 5 4. 0 - 8 . 1 - 3 . 5
16 Exports 163.3 175.9 207.2 205.7 213.8 224.9 238.5 243.7 266.8
17 Imports 155.4 185.8 217.5 213.3 220.6 229.4 234.4 251.9 270.3
18 Government purchases of goods and services... 361.3 396.2 435.6 428.3 440.9 453.8 460.1 466.6 477.5
19 Federal 129.7 144.4 152.6 148.2 152.3 159.0 163.6 161.7 162.7
20 State and local 231.6 251.8 283.0 280.1 288.6 294.8 296.5 304.9 314.8
By major type of product
1,692.1 1,877.6 2,105.2 21 Final sales, total 1,692.1 1,877.6 2,105.2 2,078.4 2,139.5 2,214.5 2,272.9 2,296.4 2,380.1
22 Goods 762.7 842.2 930.0 922.5 940.9 983.8 1,011.8 1,018.1 1,035.9
23 Durable 305.9 345.9 380.4 378.0 382.6 402.3 425.5 422.4 425.7
24 Nondurable 456.8 496.3 549.6 544.5 558.3 581.6 586.2 595.7 610.2
25 Services 776.7 866.4 969.3 956.2 981.7 1,005.3 1,041.4 1,064.2 1,099.3
26 Structures 162.7 190.9 228.2 225.6 237.0 246.0 238.9 247.5 260.2
27 Change in business inventories 10.0 21.9 22.3 25.8 20.0 20.6 19.1 33.4 15.3
28 Durable goods 5.3 11.9 13.9 13.1 10.3 13.4 18.4 24.3 8.7
29 Nondurable goods 4.7 10.0 8.4 12.7 9.7 7.2 .7 9.1 6.6
30 MEMO: Total GNP in 1972 dollars 1,273.0 1,340.5 1,399.2 1,395.2 1,407.3 1,426.6 1,430.6 1,422.3 1,434.4
NATIONAL INCOME
31 Total 1,359.8 1,525.8 1,724.3 1,703.9 1,752.5 1,820.0 1,869.0 1,897.9 1,941.6
32 Compensation of employees 1,037.8 1,156.9 1,304.5 1,288.2 1,321.1 1,364.8 1,411.2 1,439.7 1,472.9
33 Wages and salaries 890.0 984.0 1,103.5 1,090.0 1,117.4 1,154.7 1,189.4 1,211.5 1,238.1
34 Government and government enterprises . . 188.0 201.3 218.0 215.3 219.2 225.1 228.1 231.2 234.4
35 Other 702.0 782.7 885.5 874.6 898.1 929.6 961.3 980.3 1,003.7
36 Supplement to wases and salaries 147.8 172.9 201.0 198.3 203.7 210.1 221.8 228.2 234.8
37 Employer contributions for social
70.4 94.6 insurance
70.4 81.2 94.6 93.6 95.5 98.2 105.8 107.9 109.9
38 Other labor income 77.4 91.8 106.5 104.7 108.2 111.9 116.0 120.3 124.9
39 Proprietors' income
1
89.3 100.2 116.8 115.0 117.4 125.7 129.0 129.3 130.1
40 Business and professional
1
71.0 80.5 89.1 87.3 91.3 94.4 94.8 95.5 99.2
41 Farm
1
18.3 19.6 27.7 27.7 26.1 31.3 34.2
33.7 30.9
42 Rental i ncome of persons2 22.1 24.7 25.9 24.4 26.8 27.1 27.3 26.8 26.6
43 Corporate profits
1
126.8 150.0 167.7 169.4 175.2 184.8 178.9 176.6 181.0
44 Profits before tax 3 156.0 177.1 206.0 207.2 212.0 227.4 233.3 227.9 242.5
45 Inventory valuation adjustment. - 14. 6 - 15. 2 - 25. 2 - 25. 1 - 23. 0 - 28. 8 - 39. 9
- 3 6 . 6 - 4 4 . 0
46 Capital consumption adjustment - 14. 5 - 12. 0 - 13. 1 - 12. 6 - 13. 8 - 13. 8 - 14. 5 - 14. 7 - 17. 6
47 Net interest 83.8 94.0 109.5 106.8 111.9 117.6 122.6 125.6 131.1
1. With inventory valuation and capital consumption adjustments. 3. For after-tax profits, dividends, and the like, see table 1.50.
2. With capital consumption adjustments.
SOURCE. Survey of Current Business (Department of Commerce).
Digitized for FRASER
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
December 1979

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