current business statistics - Bureau of Economic Analysis

12 SURVEY OF CURRENT BUSINESS February 1972
1970 1971*
1970
III IV
1971
I II III IV
Seasonally adjusted at annual rates
Billions of dollars
Table 9.-—Gross Corporate Product 1 (1.14)
Gross corporate product
Capital consumption allowances-
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees
Wages and salaries __
Supplemen ts
Net interest.. ._
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends-
Undistributed profits
Inventory valuation adjustment..
Cash flow, gross of dividends
Cash flow, net of dividends
Gross product originating in
financial institutions
Gross product originating in
nonfinancial corporations
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies _
Compensation of employees
Wages and salaries
Supplements
Net interest
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment-
Cash flow, gross of dividends
Cash flow, net of dividends
Gross product originating in
nonfinancial corporations
Current dollar cost per unit of
1958 dollar gross product
originating in nonfinancial
corporations 2 ._
Capital consumption allowances—
Indirect business taxes plus transfer
payments less subsidies. _
Compensation of employees. _
Net interest. .- _ _
Corporate profits and inventory valuation
adjustment..-. . _.
Profits tax liability-
Profits after tax plus inventory
valuation adjustment—
541.6
56.2
52.2
366.0
324.2
41.8
1.1
66.0
70.6
34.1
36.4
22.8
13.6
-4.5
92.6
69.8
25.4
516.2
54.1
49.9
344. 2
305.2
39.0
14.8
53.3
57.8
27.1
30.7
21.1
9.6
-4.5
84.8
63.7
580.8 547.6 544.3 567.9 578.2 583.0
Income originating in corporate business
_ _ _ 433. 1 462.1 438.1 432.9 453.1 461. 5 463.1
61.9
56.9
386.0
339.9
46.1
1.0
75.1
79.5
37.8
41.7
22.8
18.9
-4.4
103.6
80.8
28.0
552.8
59.3
54. 2
362.0
319.2
42.9
16.2
61.0
65.4
30.5
34.9
21.0
13.9
-4.4
94.2
73.2
56.7
52.8
368.8
326.5
42.3
1.1
68.2
73.6
35.6
38.1
23.0
15.1
-5.5
94.8
71.8
26.1
521.5
54.5
50.4
346.9
307.4
39.5
15.0
54.6
60.1
28.2
31.9
21.2
10.7
-5.5
86.5
65.3
58.0
53.4
367.9
325.2
42.7
1.0
64.0
66.6
32i.3
34.3
22.7
U.6
-2.6
92.3
69.6
26.9
517.4
55.7
50.9
345.4
305.6
39.8
15.4
50.0
52.6
24.8
27.8
20.9
6.9
-2.6
83.5
62.7
59.4
55.3
377.9
333.1
44.8
1.0
74.2
77.8
38.3
39.5
23.1
16.4
-3.5
99.0
75.8
27.6
540.3
57. 0
52.8
354.7
313.0
41.7
15.7
60.1
63.6
30.9
32.7
21.3
11.4
-3.5
89.8
68.5
61.0
55.7
384.5
338.8
45.7
1.0
75.9
80.3
39.1
41.2
22.2
19.0
-4.4
102.1
79.9
27.7
550.5
58.5
53.2
360.6
318.1
42. 5
16.0
62.3
66.7
32.1
34.6
20.4
14.1
-4.4
93.0
72.6
62.7
57.3
387.4
340.9
46.5
1.0
74.7
80.5
37.5
42.9
23.2
19.8
-5.8
105.6
82.4
28.3
554.7
Income originating in nonfinancial
corporations
412.2 439.2 416.5 410.7 430.5 438.8 440.0
Billions of 1958 dollars
60.1
54.6
363.1
319.9
43.2
16.4
60.5
66.3
30.2
36.0
21.3
14.7
-5.8
96.1
74.8
425.0 437.2 427.6 416.7 431.3 435.6 436.5
1.215
.127
.117
.810
.035
.125
.064
.062
1.264
.136
.124
.828
.037
.139
.070
.070
1.220
.128
.118
.811
.035
.128
.066
.062
1.242
Dollars
.134
.122
.829
.037
.120
.059
.060
1.253
.132
.122
.822
.036
.139
.072
.068
1.264
.134
.122
. 828
.037
.143
.074
.069
1.271
.138
.125
.832
.038
.139
.069
.069
64.4
59.1
394.3
346.9
47.4
1.0
-4.0
56.4
369.8
325.7
44.1
16.8
-4.0
* See footnote on page 11.
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
Personal income
1970 1971
1970
III IV
1971
I II III IV
Seasonally adjusted at annual rates
Billions of dollars
Table 10.—Personal Income and its Disposition (2.1)
Other labor income
Proprietors' income.
Business and professional . .
Farm ..
Rental income of persons . -
Dividends
Personal interest income '..-
Transfer payments . .
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits. _
Veterans benefits
Other --
Less: Personal contributions for
social insurance. -
Less: Personal tax and nontax pay-
Less: Personal outlays
Personal consumption expenditures-
Interest paid by consumers
Personal transfer payments to foreigners
Equals* Personal saving
Addenda:
Disposable personal income :
Total billions of 1958 dollars
Per capita current dollars
Per capita 1958 dollars
Personal saving rate, 3 percent
803 6
30.8
66 9
51.0
15.8
23 3
25.0
64 7
79 6
38 5
3.9
9.7
27.4
28.0
115.9
833. 7
615.8
16.9
.9
54.1
531.5
3,358
2,595
7.9
857 0
33 7
68 3
52 1
16 3
24 3
25 5
67 5
94 7
44 8
5.8
11.5
32.6
31. 2
115.8
680,7
662.1
17.7
.9
60.5
550.6
3,581
2,660
8.2
809 8
31 2
66 0
51 4
14.5
23 4
25.2
65 6
81 2
39 0
4.2
9.9
28.1
28.3
113.5
638.9
620. 9
17.1
.9
57.4
536.0
3,395
2,613
8.2
816 7
32.0
65 9
51.5
14.4
23.7
25.0
66.7
84.8
39.4
5.1
10.4
29.8
28.4
115.2
643.0
624.7
17.4
.9
58.5
532.5
3,410
2,588
8.3
833 5
32 6
66 4
51 6
14 8
23 8
25 6
66.6
87 9
40 7
5.0
11. 0
31.1
30.7
111.6
863.3
644.9
17.6
.9
58.6
542.7
3,500
2, 631
8.1
853 4
33 4
67 2
51 9
15 2
24 2
25 4
66.7
96 4
47 0
6.1
11.4
31.9
31.0
113.8
676.0
657.4
17.7
.9
63.6
550.5
3,577
2,663
8.6
864 6
Wage and salary disbursements . 541.4 574.2 545.6 547.2 561.4 571.0 577.3
Commodity-producing industries. . 200.7 205.7 201.4 198.4 202.5 205.7 205.6
Manufacturing.
158.3 160.8 159.1 155.1 158.9 160.7 160.5
Distributive industries
129 1 138 8 130 7 131 8 135 3 137 9 139 6
Service industries. _
96.7 105 9 97 2 99 7 102 6 104 9 107 1
Government - 114.8 123.8 116.2 117.3 121.0 122.6 125. 0
34 1
69 2
52 3
17.0
24 5
25 7
68 1
96.9
45 6
6.3
11.5
33.4
31.3
116.0
61.8 Equals: Disposable personal income... 687.8 741.3 696.2 701.5 722.0 739. 6 748.5
687.6
668.8
17.8
1.0
61.0
553.2
3,611
2,669
8.1
876 7
587.0
209.0
163.2
142 4
108 9
126. 7
34 6
70 5
52 5
18.1
24 6
25.3
68.6
97.7
45.9
6.0
11.9
34.0
31.7
121.7
755.0
696.0
677.2
17.9
.9
59.0
556.1
3,633
2,676
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
615. 8 662. 1 620.9 624.7 644.9 657.4 668.8
Durable goods - - 88.6 100.5
Automobiles and parts
Furniture and household equipment.
Other . - .-.-
Nondurable goods
Food and beverages --
Clothing and shoes .-
Gasoline and oil
Other .- - -
Housing
Household operation
Transportation -
Other ... -
37.1
37.4
14.2
264.7
131.8
52.6
22.9
57.5
91.2
36.1
17.9
117.3
46.2
39.6
14.7
278.6
136.5
57.0
24.4
60.8
99.7
39.2
19.1
124.9
90.4
38.8
37.0
14.6
265.5
132.4
52.4
22.9
57.8
91.8
36.7
18.1
118.3
84.9
32.7
37.6
14.6
270.9
134.3
54.2
23.5
59.0
94.1
36.9
18.3
119.5
96.6
43.8
38.8
14.0
273.2
134.4
55.4
23.8
59.6
96.5
37.7
18. 6
122.3
99.1
45.3
39.4
14.5
277. 8
136.3
57.0
23.8
60.8
98.7
38. V
19.0
124. 0
102.8
48.2
39.6
15.1
280.2
137.3
57.4
24.5
61.0
Services ... 262.5 282.9 265.0 268.9 275.0 280.5 285.8
100.7
39.9
19.2
125.9
7.8
677.5
103. f
47. (
40. *
15.',
283. i
138.
58. (
25.^
61. i
290.J
102 A
40.,
19. (
127.^
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners ...
Exports of goods and services
Capital grants received by the United
States ----
Payments to foreigners
Imports of goods and services
Transfers to foreigners
Personal - —
Government
63.8
62.9
.9
63.8
59.3
3.1
.9
2.2
66.1
65.3
.7
66.1
65.3
3.4
.9
2.5
Net f orei gn investment . . . . . 1.3 -2.G
64.6
63.7
.9
64. 6
59.7
3.2
.9
2.3
1.0
64.0
63.2
.9
64.0
60.5
3.3
.9
2.4
.2
66.9
66.2
.7
66.9
61. 5
3.1 9
2.2
2.3
67.3
66. 5
.7
67.3
66.4
3.4
.9
2.5
-2.5
68.9
68.2
.7
68.9
68.2
3.7
1.0
2.7
-3.0
61.1
60. 4
.7
61.1
65.0
3.5
,/ 9
2.6
-7.4