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The 2016 annual update of the national income and product accounts.
McCulla, Stephanie H. ; Smith, Shelly
Table B. Percent Change From Preceding Period in Real Gross Domestic
Product, Real Gross Domestic Income, and Other Major NIPA Aggregates
Line Seasonally adjusted at
annual rates
2014 2015 2015
Production in the
United States: II III IV
Gross domestic product (GDP) 1 2.4 2.6 2.6 2.0 0.9
Gross domestic income (GDI) 2 3.0 2.5 0.6 2.5 1.5
Average of GDP and GDI (1) 3
Net domestic product (2) 2.7 2.6 1.6 2.2 1.2
Net domestic income (2) 4
Production by labor and capital 2.4 2.6 2.7 1.9 0.6
supplied by U.S. residents: 5 3.2 2.5 0.2 2.5 1.5
Gross national product 6 2.3 2.3 2.3 1.7 1.3
Gross national income 7 3.0 2.3 0.3 2.1 1.9
Net national product (2) 8
Final expenditures by U.S. 2.4 2.3 2.3 1.5 1.1
residents:
Gross domestic purchases 9
Final sales to domestic 2.4 3.2 2.6 2.4 1.3
purchasers (3) 10
Final sales to private domestic 2.6 3.1 3.2 3.0 1.7
purchasers (4) 11 3.4 3.3 3.2 3.3 1.8
Purchasing power of income: (5)
Command-basis gross domestic
product 12
Command-basis net domestic 2.5 3.3 3.3 2.2 1.5
product (2) 13
Command-basis gross national 2.5 3.4 3.5 2.1 1.3
product 14
Command-basis net national 2.4 3.0 2.9 1.8 1.9
product (2) 15
After-tax income received by 2.5 3.1 3.1 1.7 1.8
the personal sector:
Disposable personal income 16 3.5 3.5 3.9 3.3 3.0
Line Seasonally adjusted
at annual rates
2016
Production in the
United States: I II
Gross domestic product (GDP) 1 0.8 1.2
Gross domestic income (GDI) 2 0.9
Average of GDP and GDI (1) 3
Net domestic product (2) 0.9
Net domestic income (2) 4
Production by labor and capital 0.6 1.1
supplied by U.S. residents: 5 0.6
Gross national product 6 0.0
Gross national income 7 0.1
Net national product (2) 8
Final expenditures by U.S. -0.4
residents:
Gross domestic purchases 9
Final sales to domestic 0.8 1.0
purchasers (3) 10
Final sales to private domestic 1.2 2.1
purchasers (4) 11 1.1 2.7
Purchasing power of income: (5)
Command-basis gross domestic
product 12
Command-basis net domestic 1.1 1.4
product (2) 13
Command-basis gross national 0.9 1.3
product 14
Command-basis net national 0.2
product (2) 15
After-tax income received by -0.1
the personal sector:
Disposable personal income 16 2.2 1.2
(1.) The arithmetic average of gross domestic product and of gross
domestic income, deflated by the implicit price deflator for GDR
(2.) In this table, the net measures are the corresponding gross
measures excluding the depreciation of fixed assets as measured by the
consumption of fixed capital.
(3.) Gross domestic purchases excluding change in private inventories.
(4.) Final sales to domestic purchasers less government consumption
expenditures and gross investment.
(5.) The command-basis estimates (lines 12-15) measure the purchasing
power of the income generated by the sale of goods and services
produced; they reflect gains or losses in real income resulting from
changes in the terms of trade for exports and imports. For more detail
on the command-basis measures, see NIFft tables 1.8.3 and 1.8.6.
Table C. Real Gross Domestic Product, Real Gross Domestic Income, and
Other Major NIPA Aggregates, Chained Dollars [Billions of chained
(2009) dollars]
Seasonally adjusted at
annual rates
Line 2014 2015 2015
II
Production in the United States:
Gross domestic product (GDP) 1 15,982.3 16,397.2 16,374.2
Gross domestic income (GDI) 2 16,219.3 16,627.8 16,567.8
Average of GDP and GDI (1) 3 16,100.8 16,512.5 16,471.0
Net domestic product (2)
Net domestic income (2) 4 13,413.6 13,766.2 13,751.0
Production by labor and capital
supplied by U.S. residents: 5 13,649.9 13,995.9 13,943.8
Gross national product 6 16,192.5 16,570.4 16,545.7
Gross national income 7 16,429.3 16,800.8 16,739.2
Net national product (2) 8 13,623.8 13,939.5 13,922.5
Final expenditures by U.S.
residents:
Gross domestic purchases 9 16,408.9 16,937.8 16,900.1
Final sales to domestic
purchasers (3) 10 16,339.9 16,841.6 16,793.8
Final sales to private
domestic purchasers (4) 11 13,516.9 13,969.1 13,924.1
Purchasing power of income: (5)
Command-basis gross domestic
product 12 15,941.0 16,461.4 16,434.9
Command-basis net domestic
product (2) 13 13,374.2 13,831.8 13,813.3
Command-basis gross national
product 14 16,168.3 16,649.1 16,621.0
Command-basis net national
product (2) 15 13,600.8 14,018.9 13,998.7
After-tax income received by
the personal sector:
Disposable personal income 16 11,931.0 12,343.3 12,299.9
Seasonally adjusted at
annual rates
Line 2015 2016
III IV I
Production in the United States:
Gross domestic product (GDP) 1 16,454.9 16,490.7 16,525.0
Gross domestic income (GDI) 2 16,669.0 16,730.3 16,766.9
Average of GDP and GDI (1) 3 16,561.9 16,610.5 16,645.9
Net domestic product (2)
Net domestic income (2) 4 13,816.2 13,836.9 13,857.5
Production by labor and capital
supplied by U.S. residents: 5 14,029.4 14,075.5 14,098.2
Gross national product 6 16,614.0 16,668.4 16,668.3
Gross national income 7 16,827.9 16,907.9 16,910.0
Net national product (2) 8 13,975.4 14,014.8 14,001.0
Final expenditures by U.S.
residents:
Gross domestic purchases 9 17,002.6 17,057.2 17,091.5
Final sales to domestic
purchasers (3) 10 16,919.8 16,989.4 17,040.5
Final sales to private
domestic purchasers (4) 11 14,036.7 14,099.1 14,138.7
Purchasing power of income: (5)
Command-basis gross domestic
product 12 16,523.7 16,584.0 16,629.3
Command-basis net domestic
product (2) 13 13,886.4 13,931.5 13,963.1
Command-basis gross national
product 14 16,697.3 16,776.4 16,786.3
Command-basis net national
product (2) 15 14,059.4 14,123.2 14,119.5
After-tax income received by
the personal sector:
Disposable personal income 16 12,398.9 12,491.0 12,558.1
Seasonally adjusted at
annual rates
Line 2016
II
Production in the United States:
Gross domestic product (GDP) 1 16,575.1
Gross domestic income (GDI) 2
Average of GDP and GDI (1) 3
Net domestic product (2)
Net domestic income (2) 4 13,895.1
Production by labor and capital
supplied by U.S. residents: 5
Gross national product 6
Gross national income 7
Net national product (2) 8
Final expenditures by U.S.
residents:
Gross domestic purchases 9 17,132.6
Final sales to domestic
purchasers (3) 10 17,129.6
Final sales to private
domestic purchasers (4) 11 14,234.9
Purchasing power of income: (5)
Command-basis gross domestic
product 12 16,688.2
Command-basis net domestic
product (2) 13 14,009.6
Command-basis gross national
product 14
Command-basis net national
product (2) 15
After-tax income received by
the personal sector:
Disposable personal income 16 12,594.1
(1.) The arithmetic average of gross domestic product and of gross
domestic income, deflated by the implicit price deflator for GDR
(2.) In this table, the net measures are the corresponding gross
measures excluding the depreciation of fixed assets as measured by the
consumption of fixed capital.
(3.) Gross domestic purchases excluding change in private inventories.
(4.) Final sales to domestic purchasers less government consumption
expenditures and gross investment.
(5.) The command-basis estimates (lines 12-15) measure the purchasing
power of the income generated by the sale of goods and services
produced; they reflect gains or losses in real income resulting from
changes in the terms of trade for exports and imports. For more detail
on the command-basis measures, see NIFft tables 1.8.3 and 1.8.6.
Table D. Gross Domestic Product, Gross Domestic Income, and Other
Major NIPA Aggregates
[Billions of dollars]
Seasonally
adjusted
at annual
rates
Line 2014 2015 2015
II
Production in the United States:
Gross domestic product (GDP) 1 17,393.1 18,036.6 17,998.3
Gross domestic income (GDI) 2 17,651.1 18,290.3 18,211.1
Average of GDP and GDI1 3 17,522.1 18,163.5 18,104.7
Net domestic product (2) Net
domestic income (2) 4 14,647.9 15,205.9 15,182.6
Production by labor and capital
supplied by U.S. residents: 5 14,905.9 15,459.6 15,395.5
Gross national product 6 17,641.2 18,242.4 18,202.0
Gross national income 7 17,899.1 18,496.0 18,414.9
Net national product (2) 8 14,896.0 15,411.6 15,386.4
National income (3) 9 15,153.9 15,665.3 15,599.2
Final expenditures by U.S.
residents:
Gross domestic purchases 10 17,901.9 18,558.6 18,507.2
Final sales to domestic
purchasers (4) 11 17,836.4 18,465.2 18,402.0
Final sales to private
domestic purchasers (5) 12 14,684.4 15,246.9 15,184.9
After-tax income received
by the personal sector:
Disposable personal income 13 13,022.7 13,519.8 13,464.7
Seasonally adjusted at annual rates
2015 2016
III IV I
Production in the United States:
Gross domestic product (GDP) 18,141.9 18,222.8 18,281.6
Gross domestic income (GDI) 18,378.0 18,487.6 18,549.3
Average of GDP and GDI1 18,260.0 18,355.2 18,415.5
Net domestic product (2) Net
domestic income (2) 15,297.8 15,360.0 15,408.1
Production by labor and capital
supplied by U.S. residents: 15,533.8 15,624.8 15,675.7
Gross national product 18,332.5 18,434.1 18,454.2
Gross national income 18,568.6 18,699.0 18,721.8
Net national product (2) 15,488.4 15,571.4 15,580.6
National income (3) 15,724.4 15,836.2 15,848.2
Final expenditures by U.S.
residents:
Gross domestic purchases 18,665.3 18,743.7 18,789.0
Final sales to domestic
purchasers (4) 18,588.5 18,681.0 18,747.1
Final sales to private
domestic purchasers (5) 15,352.2 15,436.0 15,492.8
After-tax income received
by the personal sector:
Disposable personal income 13,611.7 13,726.4 13,809.8
Seasonally adjusted
at annual rates
II
Production in the United States:
Gross domestic product (GDP) 18,437.6
Gross domestic income (GDI)
Average of GDP and GDI1
Net domestic product (2) Net
domestic income (2) 15,538.7
Production by labor and capital
supplied by U.S. residents:
Gross national product
Gross national income
Net national product (2)
National income (3)
Final expenditures by U.S.
residents:
Gross domestic purchases 18,927.7
Final sales to domestic
purchasers (4) 18,940.6
Final sales to private
domestic purchasers (5) 15,673.9
After-tax income received
by the personal sector:
Disposable personal income 13,916.0
(1.) The arithmetic average of gross domestic product and of gross
domestic income.
(2.) In this table, the net measures are the corresponding gross
measures excluding the depreciation of fixed assets as measured by the
consumption of fixed capital.
(3.) Equals gross national income less the depreciation of fixed assets
as measured by the consumption of fixed capital.
(4.) Gross domestic purchases less change in private inventories.
(5.) Final sales to domestic purchasers less government consumption
expenditures and gross investment.
Table 1. Major Source Data Incorporated for the 2016 Annual Update
Agency Data
Annual survey of wholesale trade
Annual survey of retail trade
Annual survey of manufactures
Monthly indicators of manufactures,
merchant
wholesale trade, and retail trade
Census Bureau Service annual survey
Annual surveys of state and local
government
finances
Monthly survey of construction
spending
(value put in place)
Quarterly services survey
Current population survey/housing
vacancy
survey
Office of Management and Budget Federal Budget
Tabulations of tax returns for
corporations
Internal Revenue Service
Tabulations of tax returns for sole
proprietorships and partnerships
Quarterly census of employment and
wages
Bureau of Labor Statistics
Survey of occupational employment
Department of Agriculture Farm statistics
Bureau of Economic Analysis International transactions accounts
Agency Years covered and vintage
2013 (revised)
and 2014 (new)
2013 (revised)
and 2014 (new)
2013 (revised)
and 2014 (new)
2013-2015 (revised)
Census Bureau 2013 and 2014 (revised)
and 2015 (new)
Fiscal years 2013 (revised)
and 2014 (new)
2013-2015 (revised)
2013-2015 (revised)
2013 and 2014 (revised)
and 2015 (new)
Office of Management and Budget Fiscal years 2015 and 2016
2013 (revised)
Internal Revenue Service and 2014 (new)
2014 (new)
2013-2015 (revised)
Bureau of Labor Statistics
2015 (new)
Department of Agriculture 2013-2015 (revised)
Bureau of Economic Analysis 2013-2015 (revised)
Table 2. Real Gross Domestic Product (GDP)
Share of
current-
dollar Change from
GDP preceding period
(percent) (percent)
2015 2013 2014 2015
Gross domestic product (1) 100.0 1.7 2.4 2.6
Personal consumption expenditures 68.1 1.5 2.9 3.2
Goods 22.2 3.1 3.9 4.0
Durable goods 7.5 6.2 6.7 6.9
Nondurable goods 14.7 1.7 2.6 2.6
Services 45.9 0.6 2.3 2.8
Gross private domestic investment 16.9 6.1 4.5 5.0
Fixed investment 16.4 50 55 40
Nonresidential 12.8 3.5 6.0 2.1
Structures 2.8 1.4 10.3 -4.4
Equipment 6.0 4.6 5.4 3.5
Intellectual property products 4.0 3.4 3.9 4.8
Residential 3.6 11.9 3.5 11.7
Change in private inventories 0.5
Net exports of goods and services -2.9 3.5
Exports 12.6 3.1 4.3 0.1
Goods 8.3 4.4 4.4 -0.6
Services 4.2 1.1 3.9 1.6
Imports 15.4 1.2 4.4 4.6
Goods 12.7 0.6 4.8 4.9
Services 2.7 2.6 2.9
Government consumption
expenditures and gross investment 17.8 -2.9 -0.9 1.8
Federal 6.8 -5.8 -2.5 0.0
National defense 4.1 -6.8 -4.1 -9.1
Nondefense 2.7 -4.1 0.1 3.3
State and local 11.1 -0.8 0.2 2.9
Revisions (percentage points)
Gross domestic product 0.2 0.0 0.2
Personal consumption expenditures -0.2 0.2 0.1
Gross private domestic investment 1.6 -0.9 0.1
Fixed investment 0.8 0.2 0.0
Nonresidential 0.5 -0.2 -0.7
Residential 2.4 1.7 2.8
Change in private inventories
Net exports of goods and services
Exports 0.7 0.9 -1.0
Imports 0.0 0.6 -0.3
Government consumption expenditures
and gross investment 0.0 -0.3 1.1
Federal -0.1 -0.1 0.3
State and local 0.2 -0.4 1.5
Contribution to
percent change
in real GDP
(percentage points)
2013 2014 2015
Gross domestic product (1) 1.7 2.4 2.6
Personal consumption expenditures 1.00 1.95 2.16
Goods 0.71 0.89 0.91
Durable goods 0.45 0.49 0.51
Nondurable goods 0.27 0.40 0.40
Services 0.28 1.06 1.26
Gross private domestic investment 0.95 0.73 0.82
Fixed investment 0.76 0.87 0.65
Nonresidential 0.43 0.76 0.27
Structures 0.04 0.29 -0.13
Equipment 0.26 0.32 0.21
Intellectual property products 0.13 0.15 0.19
Residential 0.33 0.11 0.39
Change in private inventories 0.19 -0.14 0.17
Net exports of goods and services 0.29 -0.15 -0.71
Exports 0.47 0.58 0.01
Goods 0.29 0.41 -0.06
Services 0.18 0.17 0.07
Imports -0.18 -0.72 -0.73
Goods -0.17 -0.65 -0.65
Services -0.02 -0.07 -0.08
Government consumption
expenditures and gross investment -0.56 -0.16 0.32
Federal -0.46 -0.19 0.00
National defense -0 34 -0 19 -0.09
Nondefense -0.12 0.00 0.09
State and local 0.09 0.03 0.32
Revisions (percentage points)
Gross domestic product 0.2 0.0 0.2
Personal consumption expenditures -0.16 0.11 0.05
Gross private domestic investment 0.25 -0.14 0.00
Fixed investment 0.12 0.05 0.01
Nonresidential 0.05 -0.01 -0.09
Residential 0.06 0.06 0.11
Change in private inventories 0.13 -0.19 0.00
Net exports of goods and services 0.09 0.03 -0.07
Exports 0.09 0.12 -0.14
Imports 0.00 -0.09 0.06
Government consumption expenditures
and gross investment 0.02 -0.05 0.19
Federal 0.00 -0.01 0.02
State and local 0.03 -0.04 0.17
(1.) The estimates under the contribution columns are also percent
changes. Note. Percent changes are from NIPA table 1.1.1, contributions
are from NIPA table 1.1.2, and shares are from NIPA table 1.1.10.
Table 3. Real Personal Consumption Expenditures (PCE)
Share of
current-
dollar Change from
PCE preceding period
(percent) (percent)
2015 2013 2014 2015
Personal consumption
expenditures (1) 100.0 1.5 2.9 3.2
Goods 32.7 3.1 3.9 4.0
Durable goods 11.0 6.2 6.7 6.9
Motor vehicles and parts 3.8 4.6 6.3 5.0
Furnishings and durable household
equipment 2.5 5.9 7.5 7.0
Recreational goods and vehicles 3.1 9.4 8.0 9.7
Other durable goods 1.7 4.4 4.4 6.4
Nondurable goods 21.6 1.7 2.6 2.6
Food and beverages for off-
premises consumption 7.3 -0.1 2.1 0.0
Clothing and footwear 3.1 1.8 1.7 3.6
Gasoline and other energy goods 2.5 2.0 0.4 3.5
Other nondurable goods 8.7 3.1 4.4 4.4
Services 67.3 0.6 2.3 2.8
Household consumption expenditures
(for services) 64.7 0.6 2.5 2.9
Housing and utilities 18.2 0.5 1.4 1.6
Healthcare 16.8 0.5 3.2 5.3
Transportation services 3.0 3.2 4.6 3.6
Recreation services 3.8 1.7 2.1 1.6
Food services and
modations 6.6 1.7 3.3 4.4
nancial services and insurance 7.5 0.1 1.3 0.3
her services 8.8 -0.9 3.3 2.3
Final consumption expenditures of
NPISHs 2.7 2.2 -1.2 0.0
Gross output of NPISHs 10.9 0.9 1.5 2.4
Less: Receipts from sales of goods
and services by NPISHs 8.2 0.5 2.5 3.2
Revisions (percentage points)
Personal consumption
expenditures Goods -0.2 0.2 0.1
Goods 0.0 0.6 0.3
Durable goods 0.4 0.8 0.9
Nondurable goods -0.2 0.5 0.0
Services -0.4 -0.1 0.0
Contribution to
percent change
in real PCE
(percentage points)
2013 2014 2015
Personal consumption
expenditures (1) 1.5 2.9 3.2
Goods 1.05 1.31 1.33
Durable goods 0.66 0.72 0.75
Motor vehicles and parts 0.16 0.23 0.19
Furnishings and durable household
equipment 0.I4 0.18 0.17
Recreational goods and vehicles 0.28 0.24 0.29
Other durable goods 0.07 0.07 0.11
Nondurable goods 0.39 0.59 0.59
Food and beverages for off-
premises consumption 0.00 0.16 0.00
Clothing and footwear 0.06 0.05 0.11
Gasoline and other energy goods 0.07 0.01 0.10
Other nondurable goods 0.26 0.37 0.37
Services 0.42 1.56 1.85
Household consumption expenditures
(for services) 0.36 1.59 1.85
Housing and utilities 0.08 0.25 0.30
Healthcare 0.08 0.53 0.88
Transportation services 0.09 0.13 0.11
Recreation services 0.06 0.08 0.06
Food services and
modations 0.11 0.21 0.28
nancial services and insurance 0.01 0.10 0.02
her services -0.08 0.29 0.20
Final consumption expenditures of
NPISHs 0.06 -0.03 0.00
Gross output of NPISHs 0.10 0.17 0.26
Less: Receipts from sales of goods
and services by NPISHs 0.04 0.20 0.26
Revisions (percentage points)
Personal consumption
expenditures Goods -0.2 0.2 0.1
Goods 0.01 0.22 0.11
Durable goods 0.05 0.10 0.11
Nondurable goods -0.04 0.12 0.01
Services -0.24 -0.04 -0.04
NPISHs Nonprofit institutions serving households
(1.) The estimates under the contribution columns are also percent
changes. Note. Percent changes are from NIPA table 2.3.1, contributions
are from NIPA table 2.3.2, and shares are calculated from NIPA table
2.3.5.
Table 4. Real Private Fixed Investment (PFI)
Share of
current-
dollar Change from
PFI preceding period
(percent) (percent)
2015 2013 2014 2015
Private fixed investment (1) 100.0 5.0 5.5 4.0
Nonresidential 78.0 3.5 6.0 2.1
Structures 17.1 1.4 10.3 -4.4
Commercial and health care 4.8 3.5 12.9 10.1
Manufacturing 2.6 4.1 12.9 30.8
Power and communication 3.5 -4.4 15.1 -12.6
Mining exploration, shafts, and
wells 3.4 1.8 5.5 -31.2
Other structures 2.9 4.3 7.1 10.6
Equipment 36.7 4.6 5.4 3.5
Information processing equipment 10.6 4.8 2.6 3.9
Computers and peripheral
equipment 2.7 0.0 0.8 -0.4
Other 8.0 6.7 3.3 5.5
Industrial equipment 7.5 -1.5 3.5 1.9
Transportation equipment 10.4 11.0 11.5 11.5
Other equipment 8.2 3.9 4.5 -4.1
Intellectual property products 24.2 3.4 3.9 4.8
Software 11.0 3.1 6.0 6.4
Research and development 10.5 4.6 2.8 3.5
Entertainment, literary, and artistic
originals 2.7 0.5 -0.3 3.8
Residential 22.0 11.9 3.5 11.7
Structures 21.7 12.0 3.4 11.8
Permanent site 9.6 24.5 8.8 17.6
Single family 7.9 22.6 5.5 17.5
Multifamily 1.8 35.9 26.7 18.2
Other structures 12.0 5.0 -0.1 7.6
Equipment 0.3 8.1 7.4 7.0
Revisions (percentage points)
Private fixed investment 0.8 0.2 0.0
Nonresidential 0.5 -0.2 -0.7
Structures -0.2 2.2 -2.9
Equipment 1.4 -0.4 0.4
Intellectual property products -0.4 -1.3 -0.9
Residential 2.4 1.7 2.8
Structures 2.4 1.7 2.9
Equipment 0.7 1.8 1.1
Contribution to
percent change
in real PFI
(percentage points)
2013 2014 2015
Private fixed investment (1) 5.0 5.5 4.0
Nonresidential 2.86 4.81 1.65
Structures 0.25 1.84 -0.82
Commercial and health care 0.15 0.54 0.46
Manufacturing 0.08 0.24 0.63
Power and communication -0.19 0.57 -0.52
Mining exploration, shafts, and
wells 0.10 0.30 -1.67
Other structures 0.11 0.18 0.28
Equipment 1.75 2.03 1.31
Information processing equipment 0.56 0.29 0.42
Computers and peripheral
equipment 0.00 0.02 -0.01
Other 0.56 0.27 0.43
Industrial equipment -0.13 0.28 0.14
Transportation equipment 0.96 1.05 1.11
Other equipment 0.36 0.40 -0.37
Intellectual property products 0.86 0.95 1.16
Software 0.36 0.66 0.70
Research and development 0.49 0.30 0.36
Entertainment, literary, and artistic
originals 0.01 -0.01 0.10
Residential 2.18 0.71 2.38
Structures 2.15 0.68 2.36
Permanent site 1.57 0.69 1.48
Single family 1.24 0.37 1.21
Multifamily 0.33 0.32 0.28
Other structures 0.58 -0.01 0.88
Equipment 0.03 0.03 0.02
Revisions (percentage points)
Private fixed investment 0.8 0.2 0.0
Nonresidential 0.38 -0.11 -0.63
Structures -0.03 0.39 -0.55
Equipment 0.52 -0.15 0.16
Intellectual property products -0.11 -0.35 -0.24
Residential 0.43 0.36 0.61
Structures 0.43 0.35 0.61
Equipment 0.00 0.01 0.00
(1.) The estimates under the contribution columns are also percent
changes.
Note. Percent changes are from NIPA table 5.3.1, contributions are from
NIPA table 5.3.2. and shares are calculated from NIPA table 5.3.5.
Table 5. Change in Real Private Inventories by Industry
[Billions of chained (2009) dollars]
Level
2013 2014 2015
Change in private inventories (1) 78.7 57.7 84.0
Farm 6.0 -2.2 -1.6
Mining, utilities, and construction -3.3 4.1 5.2
Manufacturing 13.1 16.4 17.9
Durable-goods industries 9.0 15.3 7.1
Nondurable-goods industries 4.3 1.9 10.6
Wholesale trade 29.9 20.9 31.5
Durable-goods industries 23.2 17.5 12.0
Nondurable-goods industries 7.8 4.2 19.2
Retail trade 29.7 13.8 24.3
Motor vehicle and parts dealers 16.2 7.7 6.9
Food and beverage stores 0.6 0.8 0.7
General merchandise stores 3.1 -0.3 1.4
Other retail stores 9.9 5.7 15.5
Other industries 3.7 6.8 8.9
Residual (2) -1.7 -3.8 -1.8
Revisions
Change in private inventories 17.3 -10.3 -13.5
Farm -0.7 -5.9 -6.8
Mining, utilities, and construction 0.5 2.5 -1.5
Manufacturing 7.7 1.9 1.0
Wholesale trade 5.4 -8.7 -0.3
Retail trade 2.3 1.9 -6.5
Other industries 2.6 -0.4 1.5
Change from
preceding period
2013 2014 2015
Change in private inventories (1) 24.0 -21.1 26.3
Farm 18.6 -8.2 0.6
Mining, utilities, and construction -10.4 7.4 1.1
Manufacturing 2.1 3.3 1.5
Durable-goods industries -1.0 6.3 -8.2
Nondurable-goods industries 2.8 -2.5 8.8
Wholesale trade 4.1 -9.0 10.6
Durable-goods industries 2.0 -5.7 -5.4
Nondurable-goods industries 2.0 -3.5 14.9
Retail trade 3.9 -15.9 10.4
Motor vehicle and parts dealers -4.2 -8.5 -0.8
Food and beverage stores 0.5 0.2 -0.1
General merchandise stores 2.1 -3.4 1.7
Other retail stores 5.6 -4.2 9.8
Other industries 0.2 3.1 2.1
Residual (2) 5.8 -2.1 2.0
Revisions
Change in private inventories 17.3 -27.6 -3.2
Farm -0.7 -5.2 -0.9
Mining, utilities, and construction 0.5 1.9 -4.0
Manufacturing 7.7 -5.8 -1.0
Wholesale trade 5.4 -14.1 8.5
Retail trade 2.3 -0.4 -8.4
Other industries 2.6 -3.0 1.8
(1.) The levels are from NIPA table 5.7.6B.
(2.) The residual is the difference between the first line and the sum
of the most detailed lines. Note. The chained-dollar series are
calculated as the period-to-period change in end-of-period inventories.
Because the formula for the chain-type quantity indexes uses weights of
more than one period, chained-dollar estimates are usually not additive.
Table 6. Real Exports of Goods and Services
Share of
current-
dollar
exports
(percent)
2015
Exports of goods and services (1) 100.0
Exports of goods 66.2
Foods, feeds, and beverages 5.6
Industrial supplies and materials 18.4
Capital goods, except automotive 23.8
Automotive vehicles, engines, and
parts 6.7
Consumer goods, except food and
automotive 8.7
Other 2.9
Exports of services 33.8
Transport 3.9
Travel (for all purposes including
education) 9.0
Charges for the use of intellectual
property n.e.c 5.5
Other business services 13.9
Government goods and services
n.e.c 0.8
Other 0.7
Exports of goods and services Exports of goods
Exports of services
Change from
preceding period
(percent)
2013 2014 2015
Exports of goods and services (1) 3.5 4.3 0.1
Exports of goods 3.1 4.4 -0.6
Foods, feeds, and beverages 2.1 8.0 1.9
Industrial supplies and materials 4.0 3.5 -0.2
Capital goods, except automotive 1.2 3.1 -2.2
Automotive vehicles, engines, and
parts 3.9 4.1 -4.8
Consumer goods, except food and
automotive 5.1 6.6 1.8
Other 6.6 10.8 8.0
Exports of services 4.4 3.9 1.6
Transport 3.5 3.1 2.2
Travel (for all purposes including
education) 8.6 5.7 7.8
Charges for the use of intellectual
property n.e.c 1.5 -0.3 -4.4
Other business services 5.7 6.0 0.2
Government goods and services
n.e.c -0.2 -13.4 1.2
Other -25.1 6.5 3.2
Revisions (percentage
points)
Exports of goods and services Exports of goods 0.7 0.9 -1.0
0.3 0.0 -0.4
Exports of services 1.7 2.7 -2.4
Contribution to
percent change
in real exports
(percentage points)
2013 2014 2015
Exports of goods and services (1) 3.5 4.3 0.1
Exports of goods 2.13 3.04 -0.43
Foods, feeds, and beverages 0.13 0.47 0.11
Industrial supplies and materials 0.88 0.74 -0.05
Capital goods, except automotive 0.29 0.73 -0.52
Automotive vehicles, engines, and
parts 0.26 0.27 -0.33
Consumer goods, except food and
automotive 0.42 0.54 0.15
Other 0.16 0.28 0.21
Exports of services 1.35 1.23 0.54
Transport 0.13 0.12 0.08
Travel (for all purposes including
education) 0.64 0.45 0.64
Charges for the use of intellectual
property n.e.c 0.09 -0.01 -0.25
Other business services 0.69 0.77 0.03
Government goods and services
n.e.c 0.00 -0.13 0.01
Other -0.20 0.04 0.02
Revisions (percentage
points)
Exports of goods and services Exports of goods 0.7 0.9 -1.0
0.17 0.02 -0.29
Exports of services 0.51 0.87 -0.73
(1.) The estimates under the contribution columns are also percent
changes.
Note. Percent changes are from NIPA table 4.2.1, contributions are from
NIPA table 4.2.2, and shares are calculated from NIPA table 4.2.5.
Table 7. Real Imports of Goods and Services
Share of
current-
dollar Change from
imports preceding period
(percent) (percent)
2015 2013 2014 2015
Imports of goods and
services (1) 100.0 1.1 4.4 4.6
Imports of goods 82.2 1.2 4.8 4.9
Foods, feeds, and beverages 4.6 3.9 5.2 4.0
Industrial supplies and
materials 17.5 -3.5 1.0 1.7
Capital goods, except
automotive 21.8 3.2 7.9 2.9
Automotive vehicles, engines.
and parts 12.6 4.1 7.1 8.4
Consumer goods, except food
and automotive 21.4 2.y 4.5 7.7
Other 4.4 2.4 6.6 9.2
Imports of services 17.8 0.6 2.6 2.9
Transport 3.5 5.2 0.2 4.6
Travel (for all purposes
including education) 4.1 -3.3 6.2 9.6
Charges for the use of
intellectual property n.e.c. 1.4 -0.8 6.8 -6.8
Other business services 7.8 2.6 2.3 1.1
Government goods and
services n.e.c 0.8 -10.6 -5.8 -0.4
Other 0.2 -0.7 2.3 4.1
Revisions (percentage
points)
Imports of goods and
services 0.0 0.6 -0.3
Imports of goods 0.2 0.5 0.1
Imports of services -0.9 1.0 -2.7
Contribution to
percent change
in real imports
(percentage points)
2013 2014 2015
Imports of goods and
services (1) 1.1 4.4 4.6
Imports of goods 0.98 3.97 4.08
Foods, feeds, and beverages 0.16 0.22 0.18
Industrial supplies and
materials -0.90 0.25 0.36
Capital goods, except
automotive 0.64 1.59 0.63
Automotive vehicles, engines.
and parts 0.45 0.79 0.99
Consumer goods, except food
and automotive 0.55 0.86 1.55
Other 0.09 0.25 0.37
Imports of services 0.11 0.45 0.51
Transport 0.16 0.01 0.16
Travel (for all purposes
including education) -0.12 0.22 0.36
Charges for the use of
intellectual property n.e.c. -0.01 0.10 -0.10
Other business services 0.19 0.17 0.09
Government goods and
services n.e.c -0.11 -0.05 0.00
Other 0.00 0.01 0.01
Revisions (percentage
points)
Imports of goods and
services 0.0 0.6 -0.3
Imports of goods 0.17 0.42 0.11
Imports of services -0.13 0.17 -0.45
(1.) The estimates under the contribution columns are also percent
changes.
Note. Percent changes are from NIFA table 4.2.1, contributions are from
NIFA table 4.2.2, and shares are calculated from NIPA table 4.2.5.
Table 8. Real Government Consumption Expenditures and Gross Investment
(CEGI)
Share of
current-
dollar Change from
CEGI preceding period
(percent) (percent)
2015 2013 2014 2015
Government consumption
expenditures and gross
investment (1) 100.0 -2.9 -0.9 1.8
Consumption expenditures 80.9 -2.4 -0.7 1.6
Gross investment 19.1 -4.9 -1.4 2.4
Federal 38.1 -5.8 -2.5 0.0
National defense 22.7 -6.8 -4.1 -2.1
Consumption expenditures 18.4 -6.8 -3.6 -1.8
Gross investment 4.4 -7.0 -5.9 -3.4
Nondefense 15.3 -4.1 0.1 3.3
Consumption expenditures 11.6 -3.5 0.1 3.7
Gross investment 3.7 -5.8 -0.1 1.9
State and local 61.9 -0.8 0.2 2.9
Consumption expenditures 51.0 -0.2 0.2 2.5
Gross investment 10.9 -3.5 0.2 5.2
Revisions (percentage points)
Government consumption
expenditures and gross
investment 0.0 -0.3 1.1
Federal -0.1 -0.1 0.3
National defense -0.1 -0.3 -0.9
Nondefense -0.1 0.2 2.1
State and local 0.2 -0.4 1.5
Contribution to
percent change
in real CEGI
(percentage points)
2013 2014 2015
Government consumption
expenditures and gross
investment (1) -2.9 -0.9 1.8
Consumption expenditures -1.91 -0.59 1.33
Gross investment -0.95 -0.27 0.46
Federal -2.38 -1.00 0.00
National defense -1.76 -1.01 -0.49
Consumption expenditures -1.40 -0.72 -0.34
Gross investment -0.36 -0.29 -0.16
Nondefense -0.62 0.01 0.49
Consumption expenditures -0.40 0.01 0.42
Gross investment -0.22 0.00 0.07
State and local -0.48 0.14 1.79
Consumption expenditures -0.11 0.12 1.24
Gross investment -0.37 0.02 0.54
Revisions (percentage points)
Government consumption
expenditures and gross
investment 0.0 -0.3 1.1
Federal -0.05 -0.04 0.11
National defense -0.03 -0.07 -0.20
Nondefense -0.02 0.02 0.31
State and local 0.13 -0.24 0.96
1. The estimates under the contribution columns are also percent
changes.
Note. Percent changes are from NIPA table 3.9.1, contributions are from
NIPA table 3.9.2, and shares are calculated from NIPA table 3.9.5.
Table 9. Prices for Gross Domestic Purchases
Change from
preceding period
(percent)
2013 2014 2015
Gross domestic purchases (1) 1.4 1.7 0.4
Personal consumption expenditures 1.3 1.5 0.3
Goods -0.5 -0.4 -2.9
Durable goods -1.9 -2.3 -2.1
Nondurable goods 0.1 0.6 -3.3
Services 2.3 2.5 2.0
Gross private domestic investment 1.5 2.1 0.8
Fixed investment 1.6 2.3 1.0
Nonresidential 0.8 1.4 0.6
Structures 2.1 3.8 0.0
Equipment 0.2 0.4 0.8
Intellectual property products 0.8 1.0 0.8
Residential 5.0 6.0 2.4
Change in private inventories
Government consumption expenditures
and gross investment 1.6 2.0 0.3
Federal 1.0 1.7 0.5
National defense 0 7 1 4 0.2
Nondefense 1.6 2.2 1.0
State and local 1 9 2.2 0.2
Addenda:
Gross domestic purchases:
Food 1.1 1.5 1.1
Energy goods and services -1.1 -0.8 -17.8
Excluding food and energy 1.5 1.8 1.1
Personal consumption expenditures (PCE)
Food and beverages purchased for off-
premises consumption 1.1 1.8 1.1
Energy goods and services -1.1 -0.8 -17.7
Excluding food and energy 1.5 1.6 1.4
Gross domestic product (GDP) 1 6 1 8 1.1
Exports of goods and services 0.1 0.1 -4.8
Imports of goods and services -0.9 -0.2 -7.6
Revisions (percentage
points)
Gross domestic purchases 0.0 0.2 0.0
Food 0.1 0.1 0.3
Energy goods and services -0.3 0.0 -0.9
Excluding food and energy 0.0 0.2 0.1
PCE -0.1 0.1 0.0
Food and beverages purchased for off-
premises consumption 0.1 -0.1 0.0
Energy goods and services -0.2 0.0 -0.1
Excluding food and energy 0.0 0.1 0.1
Gross domestic product 0 0 0.2 0 1
Exports of goods and services -0.1 0.0 0.1
Imports of goods and services -0.1 0.0 0.1
Contribution to
percent change
in gross domestic
purchases prices
(percentage points)
2013 2014 2015
Gross domestic purchases (1) 1.4 1.7 0.4
Personal consumption expenditures 0.88 1.00 0.23
Goods -0.12 -0.08 -0.64
Durable goods -0.14 -0.17 -0.16
Nondurable goods 0.01 0.09 -0.49
Services 1.00 1.08 0.87
Gross private domestic investment 0.23 0.34 0.14
Fixed investment 0.24 0.35 0.15
Nonresidential 0.10 0.17 0.08
Structures 0.06 0.11 0.00
Equipment 0.01 0.03 0.05
Intellectual property products 0.03 0.04 0.03
Residential 0.14 0.18 0.08
Change in private inventories 0.00 -0.01 -0.02
Government consumption expenditures
and gross investment 0.29 0.36 0.05
Federal 0.07 0.12 0.03
National defense 0 03 0 06 0.01
Nondefense 0.04 0.06 0.03
State and local 0.21 0.24 0 02
Addenda:
Gross domestic purchases:
Food 0.05 0.08 0.05
Energy goods and services -0.04 -0.03 -0.63
Excluding food and energy 1.39 1.65 1.00
Personal consumption expenditures (PCE)
Food and beverages purchased for off-
premises consumption
Energy goods and services
Excluding food and energy
Gross domestic product (GDP)
Exports of goods and services
Imports of goods and services
Revisions (percentage
points)
Gross domestic purchases 0.0 0.2 0 0
Food 0.00 0.01 0.01
Energy goods and services -0.01 0.00 -0.04
Excluding food and energy -0.02 0.14 0.10
PCE -0.03 0.05 0.03
Food and beverages purchased for off-
premises consumption
Energy goods and services
Excluding food and energy
Gross domestic product
Exports of goods and services
Imports of goods and services
(1.) The estimates under the contribution columns are also percent
changes.
Note. Most percent changes are from NIPA table 1.6.7; percent changes
for PCE for food and energy goods and services and for PCE excluding
food and energy are from NIPA table 2.3.7. Contributions are from NIPA
table 1.6.8. GDP export, and import prices are from NIPA table 1.1.7.
Table 10. National Income by Type of Income
[Billions of dollars]
Level
2013 2014 2015
National income 14,444.8 15,153.9 15,665.3
Compensation of employees 8,842.4 9,253.4 9,693.1
Wages and salaries 7,116.7 7,476.3 7,854.8
Government 1,208.0 1,236.7 1,274.5
Other 5,908.7 6,239.6 6,580.3
Supplements to wages and
salaries 1,725.8 1,777.1 1,838.2
Employer contributions for
employee pension and
insurance funds 1,199.0 1,229.8 1,270.5
Employer contributions for
government social
insurance 526.8 547.3 567.7
Proprietors' income with IVA
andCCAdj 1,284.7 1,337.7 1,376.8
Farm 87.8 68.5 39.9
Nonfarm 1,197.0 1,269.2 1,336.8
Rental income of persons with
CCAdj 567.1 606.1 659.6
Corporate profits with IVA and
CCAdj 2,032.9 2,152.1 2,088.1
Taxes on corporate income 467.7 532.7 553.8
Profits after tax with IVA and
CCAdj 1,565.2 1,619.3 1,534.3
Net dividends 929.4 970.6 971.4
Undistributed profits with IVA
andCCAdj 635.8 648.7 562.9
Net interest and miscellaneous
payments 504.6 533.7 524.1
Taxes on production and
imports 1,174.9 1,210.2 1,237.6
Less: Subsidies 59.3 56.7 56.6
Business current transfer
payments (net) 118.4 137.6 161.4
To persons (net) 41.1 45.5 51.4
To government (net) 90.8 100.3 110.7
To the rest of the world (net) -13.5 -8.2 -0.8
Current surplus of government
enterprises -20.9 -20.2 -18.8
Revisions
National income -13.5 77.4 119.0
Compensation of employees 2.8 4.5 26.5
Proprietors' income with IVA and
CCAdj -0.4 -8.9 -11.5
Rental income of persons with
CCAdj 3.7 -4.8 3.0
Corporate profits with IVA and
CCAdj -4.5 79.1 79.1
Net interest and miscellaneous
payments -8.9 1.4 0.3
Taxes on production and imports -3.1 -3.5 1.7
Less: Subsidies -0.1 -1.2 -2.0
Business current transfer
payments (net) -1.0 10.3 20.2
Current surplus of government
enterprises -2.2 -2.0 -2.3
Change from
preceding period
2013 2014 2015
National income 382.9 709.1 511.3
Compensation of employees 232.5 411.0 439.6
Wages and salaries 186.4 359.6 378.5
Government 9.7 28.7 37.8
Other 176.7 330.9 340.7
Supplements to wages and
salaries 46.1 51.4 61.1
Employer contributions for
employee pension and
insurance funds 33.7 30.8 40.7
Employer contributions for
government social
insurance 12.4 20.6 20.4
Proprietors' income with IVA
andCCAdj 43.4 53.0 39.0
Farm 26.2 -19.3 -28.6
Nonfarm 17.2 72.3 67.6
Rental income of persons with
CCAdj 41.7 39.0 53.5
Corporate profits with IVA and
CCAdj 34.7 119.2 -64.0
Taxes on corporate income 20.1 65.1 21.1
Profits after tax with IVA and
CCAdj 14.6 54.2 -85.1
Net dividends 70.0 41.2 0.8
Undistributed profits with IVA
andCCAdj -55.4 12.9 -85.8
Net interest and miscellaneous
payments -23.1 29.1 -9.6
Taxes on production and
imports 42.9 35.3 27.4
Less: Subsidies 1.2 -2.6 -0.1
Business current transfer
payments (net) 13.7 19.2 23.7
To persons (net) -1.6 4.4 6.0
To government (net) 18.3 9.5 10.4
To the rest of the world (net) -2.9 5.4 7.4
Current surplus of government
enterprises -1.7 0.7 1.4
Revisions
National income -13.5 90.9 41.6
Compensation of employees 2.8 1.7 22.0
Proprietors' income with IVA and
CCAdj -0.4 -8.6 -2.6
Rental income of persons with
CCAdj 3.7 -8.4 7.8
Corporate profits with IVA and
CCAdj -4.5 83.7 0.0
Net interest and miscellaneous
payments -8.9 10.3 -1.1
Taxes on production and imports -3.1 -0.4 5.2
Less: Subsidies -0.1 -1.1 -0.8
Business current transfer
payments (net) -1.0 11.3 9.8
Current surplus of government
enterprises -2.2 0.2 -0.3
CCAdj Capital consumption adjustment IVA Inventory valuation adjustment
Note. Dollar levels are from NIPA table 1.12.
Table 11. Relation of GDP, GDI, Gross National Income, National Income,
and Personal Income
[Billions of dollars]
Level
2013 2014 2015
Gross domestic product 16,691.5 17,393.1 18,036.6
Less: Statistical discrepancy -137.9 -257.9 -253.7
Equals: Gross domestic income 16,829.5 17,651.1 18,290.3
Plus: Income receipts from the
rest of the world 825.5 852.1 813.1
Less: Income payments to the
rest of the world 581.3 604.0 607.4
Equals: Gross national income 17,073.7 17,899.1 18,496.0
Less: Consumption of fixed
capital 2,628.9 2,745.2 2,830.8
Equals: National income 14,444.8 15,153.9 15,665.3
Less:
Corporate profits with IVA and
CCAdj 2,032.9 2,152.1 2,088.1
Taxes on production and
imports less subsidies 1,115.6 1,153.5 1,181.0
Contributions for government
social insurance, domestic 1,104.6 1,154.9 1,203.5
Net interest and miscellaneous
payments on assets 504.6 533.7 524.1
Business current transfer
payments (net) 118.4 137.6 161.4
Current surplus of government
enterprises -20.9 -20.2 -18.8
Plus: Personal income receipts
on assets 2,056.1 2,227.0 2,253.8
Plus: Personal current transfer
receipts 2,428.0 2,540.4 2,678.6
Equals: Personal income 14,073.7 14,809.7 15,458.5
Revisions
Gross domestic product 28.4 45.0 89.7
Statistical discrepancy 39.7 -45.9 -46.7
Gross domestic income -11.3 90.9 136.4
Change from
preceding period
2013 2014 2015
Gross domestic product 536.3 701.6 643.5
Less: Statistical discrepancy 65.3 -120.0 4.3
Equals: Gross domestic income 470.9 821.6 639.3
Plus: Income receipts from the
rest of the world 24.0 26.5 -38.9
Less: Income payments to the
rest of the world 17.3 22.7 3.4
Equals: Gross national income 477.6 825.4 596.9
Less: Consumption of fixed
capital 94.7 116.3 85.6
Equals: National income 382.9 709.1 511.3
Less:
Corporate profits with IVA and
CCAdj 34.7 119.2 -64.0
Taxes on production and
imports less subsidies 41.6 37.9 27.5
Contributions for government
social insurance, domestic 153.0 50.3 48.6
Net interest and miscellaneous
payments on assets -23.1 29.1 -9.6
Business current transfer
payments (net) 13.7 19.2 23.7
Current surplus of government
enterprises -1.7 0.7 1.4
Plus: Personal income receipts
on assets -67.7 170.9 26.9
Plus: Personal current transfer
receipts 61.6 112.4 138.3
Equals: Personal income 158.6 736.1 648.8
Revisions
Gross domestic product 28.4 16.7 44.6
Statistical discrepancy 39.7 -85.6 -0.8
Gross domestic income -11.3 102.3 45.4
CCAdj Capital consumption adjustment IVA Inventory valuation adjustment
Note. Dollar levels are from NIPA table 1.7.5.
Table 12. Personal Income and Its Disposition
[Billions of dollars]
Level
2013 2014 2015
Personal income 14,073.7 14,809.7 15,458.5
Compensation of employees 8,842.4 9,253.4 9,693.1
Wages and salaries 7,116.7 7,476.3 7,854.8
Private industries 5,908.7 6,239.6 6,580.3
Government 1,208.0 1,236.7 1,274.5
Supplements to wages and
salaries 1,725.8 1,777.1 1,838.2
Proprietors' income with IVA
and CCAdj 1,284.7 1,337.7 1,376.8
Farm 87.8 68.5 39.9
Nonfarm 1,197.0 1,269.2 1,336.8
Rental income of persons with
CCAdj 567.1 606.1 659.6
Personal income receipts on
assets 2,056.1 2,227.0 2,253.8
Personal interest income 1,261.6 1,300.9 1,302.7
Personal dividend income 794.4 926.1 951.1
Personal current transfer
receipts 2,428.0 2,540.4 2,678.6
Government social benefits to
persons 2,386.9 2,494.9 2,627.2
Other current transfer
receipts, from business
(net) 41.1 45.5 51.4
Less: Contributions for
government social insurance, domestic 1,104.6 1,154.9 1,203.5
Less: Personal current taxes 1,677.8 1,787.0 1,938.7
Equals: Disposable personal income (DPI) 12,395.8 13,022.7 13,519.8
Less: Personal outlays 11,775.7 12,296.7 12,736.2
Equals: Personal saving 620.1 726.0 783.6
Personal saving as a
percentage of DPI (percent) 5.0 5.6 5.8
Revisions
Personal income 5.3 115.5 107.8
Less: Personal current taxes 5.1 6.7 -8.7
Equals: DPI 0.2 108.8 116.6
Less: Personal outlays -30.0 3.0 18.7
Equals: Personal saving 30.2 105.8 97.9
Personal saving as a
percentage of DPI
(percentage points) 0.2 0.8 0.7
Change from
preceding period
2013 2014 2015
Personal income 158.6 736.1 648.8
Compensation of employees 232.5 411.0 439.6
Wages and salaries 186.4 359.6 378.5
Private industries 176.7 330.9 340.7
Government 9.7 28.7 37.8
Supplements to wages and
salaries 46.1 51.4 61.1
Proprietors' income with IVA
and CCAdj 43.4 53.0 39.0
Farm 26.2 -19.3 -28.6
Nonfarm 17.2 72.3 67.6
Rental income of persons with
CCAdj 41.7 39.0 53.5
Personal income receipts on
assets -67.7 170.9 26.9
Personal interest income -27.2 39.3 1.9
Personal dividend income -40.5 131.6 25.0
Personal current transfer
receipts 61.6 112.4 138.3
Government social benefits to
persons 63.3 108.0 132.3
Other current transfer
receipts, from business
(net) -1.6 4.4 6.0
Less: Contributions for
government social insurance, domestic 153.0 50.3 48.6
Less: Personal current taxes 166.4 109.2 151.7
Equals: Disposable personal income (DPI) -7.9 626.9 497.1
Less: Personal outlays 318.7 521.0 439.5
Equals: Personal saving -326.6 105.9 57.6
Personal saving as a
percentage of DPI (percent)
Revisions
Personal income 5.3 110.3 -7.7
Less: Personal current taxes 5.1 1.7 -15.5
Equals: DPI 0.2 108.6 7.8
Less: Personal outlays -30.0 33.0 15.7
Equals: Personal saving 30.2 75.6 -7.9
Personal saving as a
percentage of DPI
(percentage points)
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
Note. Dollar levels are from NIPA table 2.1.
Table 13. Selected Components Detail and Major Source Data
Incorporated--Continues
Line Billions of dollars
NIPA component Revision in level
2013 2014 2015
1 Gross domestic product 28.4 45.0 89.7
2 Personal consumption
expenditures -31.1 -2.6 11.8
3 Goods -2.2 22.1 33.3
4 Durable goods 3.9 14.6 26.5
5 Motor vehicles
and parts -0.5 2.6 8.2
Of which:
6 Net purchases of
used motor vehicles -0.9 2.0 6.7
7 Furnishings and durable
household equipment 1.4 4.1 6.2
8 Recreational goods and
vehicles 1.3 4.2 5.3
Of which:
9 Video, audio, photographic
and information
processing equipment and
media (2) 0.7 3.4 5.3
10 Other durable goods 1.8 3.7 6.8
11 Nondurable goods -6.1 7.5 6.8
12 Food and beverages
purchased for off-premises
consumption -8.4 4.8 3.9
Of which:
13 Food and nonalcoholic
beverages purchased
for off-premises
consumption -8.4 3.0 -0.3
14 Alcoholic beverages
purchased
for off-premises
consumption (2) 0.2 2.0 4.3
15 Clothing and footwear 1.1 1.9 3.1
16 Gasoline and other energy
goods -0.8 -2.2 -2.9
17 Other nondurable goods 2.0 2.9 2.7
18 Services -28.9 -24.6 -21.5
19 Household consumption
20 expenditures (for services) -29.8 -15.8 -11.7
Housing and utilities -3.2 0.2 18.4
21 Housing -3.5 -1.0 20.7
Of which:
22 Rental of tenant-occupied
nonfarm housing 0.2 2.9 17.7
23 Imputed rental of
owner-occupied nonfarm
housing 0.0 1.2 7.9
24 Rental value of farm
dwellings -3.6 -5.1 -4.6
25 Household utilities 0.3 1.2 -2.3
26 Healthcare -9.8 -1.2 9.2
27 Outpatient services -7.5 -2.6 5.7
Of which:
28 Physician services -1.7 1.6 10.8
29 Paramedical services -5.5 -2.8 -3.8
30 Hospital and nursing home
services -2.3 1.5 3.5
Of which:
31 Hospitals -2.0 3.9 6.3
32 Transportation services 0.7 -0.5 -6.9
33 Motor vehicle services 0.3 -0.6 -7.1
Of which:
34 Motorvehicle maintenance
and repair 0.2 -0.7 -7.7
35 Public transportation 0.4 0.1 0.3
36 Recreation services -0.5 -3.9 -7.6
Of which:
37 Membership clubs, sports
centers, parks.
theaters, and museums 0.1 -0.3 7.6
38 Audio-video, photographic,
and information
equipment processing
services -0.2 -0.1 -13.2
39 Food services and
accommodations 0.6 2.8 1.7
40 Financial services
and insurance -7.0 2.9 -0.1
41 Financial services -2.4 -12.1 -6.4
Of which:
42 Financial services
furnished without payment -1.2 -10.2 -12.4
43 Financial service charges,
fees, and
commissions -1.2 -1.9 6.0
44 Insurance -4.6 15.0 6.3
Of which:
45 Life insurance -8.3 -4.8 -11.0
46 Net health insurance 3.7 18.6 16.2
47 Other services -10.6 -16.3 -26.5
48 Communication -0.1 0.8 2.8
Of which:
49 Internet access -0.1 1.6 5.4
50 Education services 0.2 1.3 -1.8
51 Professional and other
services -0.3 -0.7 1.1
52 Personal care and
clothing services -0.7 -0.5 -3.0
53 Social services and
religious activities -0.6 0.3 1.6
54 Household maintenance -0.2 1.2 0.9
55 Net foreign travel (2) -8.9 -18.7 -28.2
56 Foreign travel by U.S.
residents -4.3 -4.6 -7.1
57 Less: Expenditures in
the United States by
nonresidents 4.6 14.1 21.1
58 Final consumption
expenditures of NPISH 0.9 -8.8 -9.8
59 Gross output of
nonprofit institutions -3.6 -1.3 -0.8
60 Less: Receipts from
sales of goods and
services by
nonprofit institutions -4.5 7.5 9.0
61 Gross private domestic
investment 41.3 26.4 36.0
62 Fixed investment 20.7 38.1 51.8
63 Nonresidential 10.0 17.3 9.5
64 Structures 1.5 23.7 10.1
65 Commercial and health
care 0.0 -0.1 -3.6
66 Manufacturing 0.0 0.9 -9.3
67 Power and communication 0.1 9.0 8.1
68 Power 0.0 8.8 6.3
69 Electric 0.0 7.7 10.8
70 Other power 0.0 1.1 -4.5
71 Communication 0.1 0.2 1.8
72 Mining exploration,
shafts, and wells 1.7 11.9 13.7
Of which:
73 Petroleum and natural gas 1.7 13.4 14.6
74 Other structures -0.2 2.0 1.2
75 Equipment 10.5 4.0 10.1
76 Information processing
equipment 0.6 -5.8 -8.4
77 Industrial equipment 2.0 -6.2 -12.9
Of which:
78 General industrial,
including materials
handling, equipment 1.0 -6.4 -7.2
79 Transportation equipment 0.0 -0.6 12.7
80 Trucks, buses, and
truck trailers 1.4 0.7 8.5
Of which:
81 Light trucks(including
utility vehicles) -0.2 0.3 7.9
82 Autos 0.5 0.3 4.0
83 Aircraft -1.4 -2.3 -1.8
84 Ships and boats -0.5 -1.5 -1.7
85 Railroad equipment 0.1 2.3 3.8
86 Other equipment 7.7 18.0 18.4
Of which:
87 Agricultural machinery 5.3 13.1 10.7
88 Less: Sale of equipment
scrap, excluding autos -0.1 1.4 -0.3
89 Intellectual property
products -2.0 -10.4 -10.7
90 Software -0.4 -2.0 -0.7
91 Research and development -0.7 -5.1 -6.9
92 Entertainment, literary,
and artistic originals -0.8 -3.3 -3.1
93 Residential 10.6 20.9 42.4
94 Structures 10.6 20.6 42.1
95 Permanent site 0.0 -0.3 14.0
Of which:
96 Single-family
structures 0.0 0.0 14.6
97 Other structures 10.6 20.9 28.0
Of which:
98 Improvements 10.4 20.4 25.9
99 Residential equipment 0.0 0.2 0.3
100 Change in private
inventories 20.6 -11.7 -15.8
101 Farm -1.1 -9.1 -8.2
102 Nonfarm 21.7 -2.6 -7.6
103 Change in book value 1.3 -1.6 -12.2
Of which:
104 Manufacturing 0.5 -8.2 -4.5
105 Retail trade -1.1 2.7 -7.1
106 Retail motor
vehicle dealers -0.5 1.2 -7.3
107 IVA 20.4 -0.9 4.6
108 Net exports of goods
and services (2) 16/4 21.2 6.9
109 Exports of goods
and services 13.4 33.4 10.9
110 Exports of goods 1.7 0.1 -6.5
Of which:
111 Other 1.7 -0.4 -5.4
112 Exports of services 11.6 33.2 17.4
Of which:
113 Travel (for all
purposes including
education) 4.6 14.1 20.1
114 Charges for the use
of intellectual
property n.e.c 0.1 -0.5 -5.6
115 Other business services 9.6 18.5 0.1
116 Imports of goods and
services -3.0 12.1 3.9
117 Imports of goods -0.4 8.0 10.5
118 Imports of services -2.6 4.2 -6.5
Of which:
119 Travel (for all purposes
including education) -6.0 -5.3 -6.4
120 Charges for the use of
intellectual property
n.e.c -0.1 0.1 -4.4
121 Other business services 3.5 9.0 5.5
122 Government consumption
expenditures and gross
investment 1.8 0.0 34.9
123 Federal government -1.2 -1.0 0.4
124 Consumption expenditures -0.3 0.7 3.1
Of which:
125 Services 0.0 0.8 5.7
126 Gross investment -0.9 -1.6 -2.8
127 National defense -0.7 -2.2 -8.8
128 Consumption expenditures -0.7 0.5 -5.3
129 Gross investment 0.0 -2.7 -3.5
130 Nondefense -0.5 1.2 9.2
131 Consumption expenditures 0.4 0.2 8.4
Of which:
132 Services 0.5 0.3 7.8
133 Gross investment -0.9 1.0 0.7
134 State and local 3.0 0.9 34.6
135 Consumption expenditures 2.0 0.6 29.8
Of which:
136 Compensation of general
government employees 0.3 3.2 14.5
137 Nondurable goods 2.3 2.3 9.4
138 Services 1.7 0.9 14.2
139 Less: Sales to other
sectors 1.5 5.0 9.7
Of which:
140 Health and hospital
charges 2.2 4.8 8.6
141 Gross investment 1.0 0.3 4.8
Of which:
142 Structures 0.6 0.8 6.1
143 Gross domestic product 28.4 45.0 89.7
144 Less: Statistical
discrepancy (3) 39.7 -45.9 -46.7
145 Equals: Gross domestic
income -11.3 90.9 136.4
146 Compensation of
employees, paid 3.1 5.3 27.5
147 Wages and salaries 2.6 -0.6 21.0
148 To persons 2.4 -1.2 19.9
149 To the rest of the world 0.2 0.6 1.0
150 Supplements to wages
and salaries 0.5 6.0 6.6
151 Taxes on production and
imports -3.1 -3.5 1.7
152 Less: Subsidies -0.1 -1.2 -2.0
153 Net operating surplus -7.5 89.4 95.7
154 Private enterprises -5.4 91.4 98.0
155 Current surplus of
government enterprises -2.2 -2.0 -2.3
156 Consumption of fixed capital -3.9 -1.5 9.5
157 Private -4.2 -2.1 9.1
158 Domestic business -4.7 -3.6 6.7
159 Capital consumption
allowances -3.4 17.1 333.9
160 Less: CCAdj (5) 1.4 20.7 327.2
161 Households and institutions 0.5 1.5 2.4
162 Government 0.3 0.6 0.4
163 Plus: Income receipts from
the rest of the world -0.6 -2.2 -17.3
164 Less: Income payments to
the rest of the world 5.5 12.8 -9.4
165 Equals: Gross national income -17.4 75.9 128.5
166 Less: Consumption of
fixed capital -3.9 -1.5 9.5
167 Equals: National income -13.5 77.4 119.0
168 Compensation of employees 2.8 4.5 26.5
169 Wages and salaries 2.3 -1.4 19.9
170 Government 0.3 -0.6 5.8
171 Other 2.0 -0.9 14.2
172 Supplements to wages and
salaries 0.5 6.0 6.6
173 Employer contributions
for employee pension and
insurance funds 1.2 5.8 6.3
174 Employer contributions
for government social
insurance -0.7 0.1 0.3
175 Proprietors' income
with IVA and CCAdj -0.4 -8.9 -11.5
176 Farm -1.0 -9.6 -20.0
177 Proprietors' income
with IVA -1.0 -9.6 -19.9
178 Capital consumption
adjustment 0.0 0.0 -0.1
179 Nonfarm 0.6 0.7 8.4
180 Proprietors' income -0.2 -2.0 -89.4
181 IVA 0.4 -0.1 -0.6
182 CCAdj 0.5 2.7 98.5
183 Rental income of
persons with CCAdj 3.7 ^t.8 3.0
184 Rental income of
persons 3.7 -4.7 2.8
185 Capital consumption
adjustment 0.0 -0.1 0.2
186 Corporate prof its
with IVA and CCAdj
-4.5 79.1 79.1
187 Domestic industries
-1.6 86.4 82.5
188 Financial
5.7 60.6 71.3
189 Nonfinancial
-7.2 25.8 11.1
190 Rest of the world
-3.0 -7.2 -3.3
191 Less: CCAdj
0.9 18.1 228.6
192 Equals: Corporate profits
with IVA
-5.5 61.1 -149.4
193 Domestic industries
-2.5 68.3 -146.1
194 Financial
5.8 56.9 50.5
195 Federal Reserve banks
0.1 0.1 -2.2
196 Other financial 5.7 56.8 52.6
197 Nonfinancial -8.3 11.5 -196.6
198 Utilities 0.5 5.6 -12.3
199 Manufacturing 3.2 10.0 -86.8
200 Durable goods 5.1 15.0 -43.4
201 Nondurable goods -1.9 -5.0 -43.4
202 Wholesale trade -2.8 -1.2 -20.1
203 Retail trade -4.9 9.4 -2.4
204 Transportation and
warehousing
-2.5 -5.9 -23.9
205 Information -4.0 -9.2 -28.2
206 Other nonfinancial
2.2 2.7 -22.9
207 Rest of the world
-3.0 -7.2 -3.3
208 Less: IVA 0.1 6.0 -6.7
209 Equals: Corporate profits before
tax without IVA and
CCAdj -5.5 55.1 -142.8
210 Less: Taxes on corporate income
-1.2 18.9 24.1
211 Equals: Profits after tax
-4.3 36.2 -166.8
212 Less: Net corporate dividend
payments, NIPAs 5.3 110.5 82.8
213 Equals: Undistributed corporate
profits -9.7 -74.3 -249.7
214 Net interest and miscellaneous
payments -8.9 1.4 0.3
215 Net interest
-9.4 0.7 2.0
216 Domestic business
-6.1 8.0
Of which:
217 Monetary interest paid
-9.8 20.1
218 Less: Monetary interest
received -9.6 2.6
219 Imputed interest paid,
depositor, insurance, and
pension services
-0.6 1.0
220 Financial
-5.5 -9.5
Of which:
221 Banks, credit agencies
and investment
companies
-2.3 -13.2
222 Life insurance carriers
-7.9 -7.0
223 Employee pension plans 4.3 11.3
224 Nonfinancial 4.9 10.5
225 Less: Imputed interest
received, depositor.
insurance, and pension
services 5.4 11.1
226 Owner-occupied housing -0.4 -0.2
227 Nonprofit institutions 0.0 0.0
228 Rest of the world -2.8 -7.0
229 Miscellaneous payments 0.5 0.7 -1.6
230 Federal rents and royalties 0.1 0.0 -2.7
231 State and local rents and
royalties 0.3 0.7 1.0
232 Taxes on production and imports -3.1 -3.5 1.7
233 Federal -1.0 -3.3 -3.2
234 State and local -2.1 -0.2 4.9
235 Less: Subsidies -0.1 -1.2 -2.0
236 Federal -0.1 -1.2 -2.0
237 State and local 0.0 0.0 0.0
238 Business current transfer
payments (net) -1.0 10.3 20.2
239 To persons (net) -0.1 3.5 8.2
240 To government (net) -1.1 5.5 8.1
241 To the rest of the world
(net) 0.2 1.3 3.8
242 Current surplus of
government enterprises -2.2 -2.0 -2.3
243 Federal 0.2 1.4 1.0
244 State and local -2.4 -3.4 -3.3
Addenda:
245 Gross national product 22.3 30.0 81.8
246 Gross saving 11.3 70.5 72.3
247 Personal income 5.3 115.5 107.8
248 Compensation of employees 2.8 4.5 26.5
249 Proprietors' income with
IVA and CCAdj -0.4 -8.9 -11.5
250 Rental income of persons
with CCAdj 3.7 -4.8 3.0
251 Personal income receipts
on assets -4.3 109.4 73.4
252 Personal interest income -9.7 -1.2 -9.6
253 Monetary interest
received by persons -4.2 7.5
254 Imputed interest
received by persons,
depositor.
insurance, and pension
services -5.6 -8.7
255 From banks, credit
agencies, and investment
companies -2.0 -12.7
256 From life insurance
carriers -7.8 -7.0
257 From property and
casualty insurance
companies. 0.0 -0.2
258 From employee
pension plans 4.3 11.2
259 Imputed interest received
by nonprofit institutions 0.0 0.1
260 Personal dividend income 5.4 110.6 83.0
261 Personal current transfer
receipts 1.3 11.2 15.9
262 Government social benefits
to persons 1.4 7.7 7.7
263 Federal 0.3 4.7 1.6
264 State and local 1.1 3.0 6.1
265 Other current transfer
receipts, from business
(net) -0.1 3.5 8.2
266 Less: Contributions for
government social insurance.
domestic -2.2 -4.1 -0.5
267 Federal -2.1 -4.3 -0.9
268 State and local -0.1 0.3 0.2
269 Less: Personal current taxes 5.1 6.7 -8.7
270 Federal 1.4 5.4 -5.3
271 State and local 3.7 1.3 -3.4
272 Equals: Disposable personal
income 0.2 108.8 116.6
273 Less: Personal outlays -30.0 3.0 18.7
274 Personal consumption
expenditures -31.1 -2.6 11.8
275 Personal interest payments -0.3 -2.7 -4.8
276 Monetary interest paid by
persons -0.2 -2.5
277 Imputed interest paid by
persons, borrower services -0.1 -0.1
278 Personal current transfer
payments 1.4 8.2 11.7
279 To government 0.7 3.0 5.7
280 To the rest of the world (net) 0.7 5.2 6.0
281 Equals: Personal saving 30.2 105.8 97.9
Line Billions of dollars
NIPA component Revised
2015 level
1 Gross domestic product 18,036.6
2 Personal consumption
expenditures 12,283.7
3 Goods 4,012.1
4 Durable goods 1,355.2
5 Motor vehicles
and parts 464.8
Of which:
6 Net purchases of
used motor vehicles 120.5
7 Furnishings and durable
household equipment 305.1
8 Recreational goods and
vehicles 376.6
Of which:
9 Video, audio, photographic
and information
processing equipment and
media (2) 221.5
10 Other durable goods 208.7
11 Nondurable goods 2,656.9
12 Food and beverages
purchased for off-premises
consumption 900.7
Of which:
13 Food and nonalcoholic
beverages purchased
for off-premises
consumption 766.8
14 Alcoholic beverages
purchased
for off-premises
consumption (2) 133.3
15 Clothing and footwear 379.5
16 Gasoline and other energy
goods 303.7
17 Other nondurable goods 1,073.0
18 Services 8,271.6
19 Household consumption
20 expenditures (for services) 7,943.7
Housing and utilities 2,233.2
21 Housing 1,919.9
Of which:
22 Rental of tenant-occupied
nonfarm housing 488.0
23 Imputed rental of
owner-occupied nonfarm
housing 1,410.9
24 Rental value of farm
dwellings 19.1
25 Household utilities 313.3
26 Healthcare 2,069.0
27 Outpatient services 930.8
Of which:
28 Physician services 484.5
29 Paramedical services 328.5
30 Hospital and nursing home
services 1,138.2
Of which:
31 Hospitals 963.7
32 Transportation services 368.4
33 Motor vehicle services 265.5
Of which:
34 Motorvehicle maintenance
and repair 181.3
35 Public transportation 102.9
36 Recreation services 466.3
Of which:
37 Membership clubs, sports
centers, parks.
theaters, and museums 182.3
38 Audio-video, photographic,
and information
equipment processing
services 101.7
39 Food services and
accommodations 808.8
40 Financial services
and insurance 921.1
41 Financial services 578.1
Of which:
42 Financial services
furnished without payment 315.0
43 Financial service charges,
fees, and
commissions 263.1
44 Insurance 343.0
Of which:
45 Life insurance 86.4
46 Net health insurance 178.7
47 Other services 1,076.9
48 Communication 278.6
Of which:
49 Internet access 103.5
50 Education services 277.7
51 Professional and other
services 186.0
52 Personal care and
clothing services 148.2
53 Social services and
religious activities 171.0
54 Household maintenance 77.1
55 Net foreign travel (2) -61.7
56 Foreign travel by U.S.
residents 145.6
57 Less: Expenditures in
the United States by
nonresidents 207.3
58 Final consumption
expenditures of NPISH 327.9
59 Gross output of
nonprofit institutions 1,335.7
60 Less: Receipts from
sales of goods and
services by
nonprofit institutions 1,007.8
61 Gross private domestic
investment 3,056.6
62 Fixed investment 2,963.2
63 Nonresidential 2,311.3
64 Structures 507.3
65 Commercial and health
care 142.7
66 Manufacturing 75.9
67 Power and communication 102.3
68 Power 81.9
69 Electric 58.3
70 Other power 23.6
71 Communication 20.3
72 Mining exploration,
shafts, and wells 101.2
Of which:
73 Petroleum and natural gas 94.8
74 Other structures 85.2
75 Equipment 1,086.1
76 Information processing
equipment 314.3
77 Industrial equipment 220.9
Of which:
78 General industrial,
including materials
handling, equipment 80.7
79 Transportation equipment 308.1
80 Trucks, buses, and
truck trailers 170.2
Of which:
81 Light trucks(including
utility vehicles) 112.5
82 Autos 68.3
83 Aircraft 47.1
84 Ships and boats 7.1
85 Railroad equipment 15.4
86 Other equipment 247.8
Of which:
87 Agricultural machinery 36.0
88 Less: Sale of equipment
scrap, excluding autos 4.9
89 Intellectual property
products 717.9
90 Software 326.6
91 Research and development 312.4
92 Entertainment, literary,
and artistic originals 79.0
93 Residential 651.9
94 Structures 642.2
95 Permanent site 285.2
Of which:
96 Single-family
structures 233.0
97 Other structures 357.0
Of which:
98 Improvements 204.9
99 Residential equipment 9.7
100 Change in private
inventories 93.4
101 Farm -2.0
102 Nonfarm 95.4
103 Change in book value 18.9
Of which:
104 Manufacturing -15.8
105 Retail trade 24.0
106 Retail motor
vehicle dealers 7.7
107 IVA 76.5
108 Net exports of goods
and services (2) -522.0
109 Exports of goods
and services 2,264.3
110 Exports of goods 1,498.4
Of which:
111 Other 64.7
112 Exports of services 765.9
Of which:
113 Travel (for all
purposes including
education) 204.5
114 Charges for the use
of intellectual
property n.e.c 124.7
115 Other business services 314.2
116 Imports of goods and
services 2,786.3
117 Imports of goods 2,291.1
118 Imports of services 495.2
Of which:
119 Travel (for all purposes
including education) 112.9
120 Charges for the use of
intellectual property
n.e.c 39.5
121 Other business services 217.7
122 Government consumption
expenditures and gross
investment 3,218.3
123 Federal government 1,225.0
124 Consumption expenditures 963.7
Of which:
125 Services 251.9
126 Gross investment 261.2
127 National defense 732.0
128 Consumption expenditures 590.6
129 Gross investment 141.3
130 Nondefense 493.0
131 Consumption expenditures 373.1
Of which:
132 Services 91.4
133 Gross investment 119.9
134 State and local 1,993.3
135 Consumption expenditures 1,641.2
Of which:
136 Compensation of general
government employees 1,285.3
137 Nondurable goods 229.5
138 Services 396.3
139 Less: Sales to other
sectors 450.4
Of which:
140 Health and hospital
charges 209.1
141 Gross investment 352.2
Of which:
142 Structures 277.0
143 Gross domestic product 18,036.6
144 Less: Statistical
discrepancy (3) -253.7
145 Equals: Gross domestic
income 18,290.3
146 Compensation of
employees, paid 9,704.1
147 Wages and salaries 7,865.8
148 To persons 7,847.8
149 To the rest of the world 18.1
150 Supplements to wages
and salaries 1,838.2
151 Taxes on production and
imports 1,237.6
152 Less: Subsidies 56.6
153 Net operating surplus 4,574.5
154 Private enterprises 4,593.3
155 Current surplus of
government enterprises -18.8
156 Consumption of fixed capital 2,830.8
157 Private 2,308.3
158 Domestic business 1,836.5
159 Capital consumption
allowances 1,922.8
160 Less: CCAdj (5) 86.4
161 Households and institutions 471.8
162 Government 522.5
163 Plus: Income receipts from
the rest of the world 813.1
164 Less: Income payments to
the rest of the world 607.4
165 Equals: Gross national income 18,496.0
166 Less: Consumption of
fixed capital 2,830.8
167 Equals: National income 15,665.3
168 Compensation of employees 9,693.1
169 Wages and salaries 7,854.8
170 Government 1,274.5
171 Other 6,580.3
172 Supplements to wages and
salaries 1,838.2
173 Employer contributions
for employee pension and
insurance funds 1,270.5
174 Employer contributions
for government social
insurance 567.7
175 Proprietors' income
with IVA and CCAdj 1,376.8
176 Farm 39.9
177 Proprietors' income
with IVA 45.9
178 Capital consumption
adjustment -5.9
179 Nonfarm 1,336.8
180 Proprietors' income 1,114.4
181 IVA 8.3
182 CCAdj 214.1
183 Rental income of
persons with CCAdj 659.6
184 Rental income of
persons 677.1
185 Capital consumption
adjustment -17.5
186 Corporate prof its
with IVA and CCAdj
2,088.1
187 Domestic industries
1,702.3
188 Financial
452.7
189 Nonfinancial
1,249.7
190 Rest of the world
385.8
191 Less: CCAdj
-104.3
192 Equals: Corporate profits
with IVA
2,192.4
193 Domestic industries
1,806.6
194 Financial
493.2
195 Federal Reserve banks
100.7
196 Other financial 392.5
197 Nonfinancial 1,313.4
198 Utilities 6.7
199 Manufacturing 412.7
200 Durable goods 236.3
201 Nondurable goods 176.4
202 Wholesale trade 150.0
203 Retail trade 178.7
204 Transportation and
warehousing
68.1
205 Information 120.1
206 Other nonfinancial
377.0
207 Rest of the world
385.8
208 Less: IVA 54.8
209 Equals: Corporate profits before
tax without IVA and
CCAdj 2,137.6
210 Less: Taxes on corporate income
553.8
211 Equals: Profits after tax
1,583.8
212 Less: Net corporate dividend
payments, NIPAs 971.4
213 Equals: Undistributed corporate
profits 612.4
214 Net interest and miscellaneous
payments 524.1
215 Net interest
503.2
216 Domestic business
376.4
Of which:
217 Monetary interest paid
1,262.3
218 Less: Monetary interest
received 1,662.8
219 Imputed interest paid,
depositor, insurance, and
pension services
974.9
220 Financial
954.1
Of which:
221 Banks, credit agencies
and investment
companies
281.0
222 Life insurance carriers
247.9
223 Employee pension plans 394.4
224 Nonfinancial 20.8
225 Less: Imputed interest
received, depositor.
insurance, and pension
services 278.0
226 Owner-occupied housing 287.4
227 Nonprofit institutions 8.6
228 Rest of the world -169.1
229 Miscellaneous payments 20.9
230 Federal rents and royalties 6.2
231 State and local rents and
royalties 14.7
232 Taxes on production and imports 1,237.6
233 Federal 139.4
234 State and local 1,098.3
235 Less: Subsidies 56.6
236 Federal 56.1
237 State and local 0.5
238 Business current transfer
payments (net) 161.4
239 To persons (net) 51.4
240 To government (net) 110.7
241 To the rest of the world
(net) -0.8
242 Current surplus of
government enterprises -18.8
243 Federal -7.4
244 State and local -11.4
Addenda:
245 Gross national product 18,242.4
246 Gross saving 3,446.3
247 Personal income 15,458.5
248 Compensation of employees 9,693.1
249 Proprietors' income with
IVA and CCAdj 1,376.8
250 Rental income of persons
with CCAdj 659.6
251 Personal income receipts
on assets 2,253.8
252 Personal interest income 1,302.7
253 Monetary interest
received by persons 415.2
254 Imputed interest
received by persons,
depositor.
insurance, and pension
services 886.4
255 From banks, credit
agencies, and investment
companies 236.8
256 From life insurance
carriers 248.0
257 From property and
casualty insurance
companies. 7.3
258 From employee
pension plans 394.4
259 Imputed interest received
by nonprofit institutions 1.1
260 Personal dividend income 951.1
261 Personal current transfer
receipts 2,678.6
262 Government social benefits
to persons 2,627.2
263 Federal 1,961.3
264 State and local 666.0
265 Other current transfer
receipts, from business
(net) 51.4
266 Less: Contributions for
government social insurance.
domestic 1,203.5
267 Federal 1,189.5
268 State and local 19.0
269 Less: Personal current taxes 1,938.7
270 Federal 1,532.7
271 State and local 406.1
272 Equals: Disposable personal
income 13,519.8
273 Less: Personal outlays 12,736.2
274 Personal consumption
expenditures 12,283.7
275 Personal interest payments 263.8
276 Monetary interest paid by
persons 294.3
277 Imputed interest paid by
persons, borrower services -30.5
278 Personal current transfer
payments 188.8
279 To government 103.3
280 To the rest of the world (net) 85.4
281 Equals: Personal saving 783.6
Line
NIPA component Major source data
incorporated (1)
1 Gross domestic product
2 Personal consumption
expenditures
3 Goods
4 Durable goods
5 Motor vehicles
and parts
Of which:
6 Net purchases of Revised trade source data on
used motor vehicles cars and trucks in operation
for 2013-2014; new Census
Bureau annual retail trade
survey (ARTS) data for retail
and wholesale margins for 2014;
new trade source data on cars
and trucks in operation for
2015; revised Census Bureau
monthly retail trade survey
(MRTS) and monthly wholesale
trade survey (MWTS) data on
retail sales and wholesale
sales of used motor vehicle
dealers for 2015.
7 Furnishings and durable
household equipment
8 Recreational goods and
vehicles
Of which:
9 Video, audio, photographic
and information
processing equipment and
media (2) Revised ARTS data for 2013;
new ARTS data for 2014;
revised MRTS data for 2015;
revised trade source retail
scanner datafor 2013 and
2014; new trade source retail
scanner data for 2015.
10 Other durable goods Revised ARTS data for 2013;
new ARTS data for 2014;
revised MRTS data for 2015.
11 Nondurable goods
12 Food and beverages
purchased for off-premises
consumption
Of which:
13 Food and nonalcoholic
beverages purchased
for off-premises
consumption Revised ARTS data for 2013;
new ARTS data for 2014;
revised MRTS data for 2015;
revised trade source retail
scanner data for 2013 and
2014; new trade source retail
scanner data for 2015.
14 Alcoholic beverages
purchased
for off-premises
consumption (2) Revised ARTS data for 2013;
new ARTS data for 2014;
revised MRTS data for 2015;
revised trade source retail
scanner data for 2013 and
2014; new trade source retail
scanner data for 2015.
15 Clothing and footwear
16 Gasoline and other energy
goods
17 Other nondurable goods
18 Services
19 Household consumption
20 expenditures (for services)
Housing and utilities
21 Housing
Of which:
22 Rental of tenant-occupied
nonfarm housing Revised Census Bureau current
population survey/housing
vacancy survey (CPS/HVS) data
for 2013 and 2014; new CPS/HVS
data for 2015; new American
housing survey (AHS) units for
2014; revised Bureau of
Economic Analysis (BEA)
household utilities data for
2013 and 2014; new BEA
household utilities data for
2015; new Bureau of Labor
Statistics (BLS) consumer
expenditure survey data on
tenant expenditures for 2014.
23 Imputed rental of
owner-occupied nonfarm
housing Revised CPS/HVS data for
2013 and 2014; new CPS/HVS
data for 2015; new AHS units
for 2014; new BLS consumer
expenditure survey data on
tenant expenditures for 2014.
24 Rental value of farm
dwellings Revised U.S. Department of
Agriculture (USDA) Economic
Research Service (ERS) farm
income data for 2013-2014; new
ERS farm income data for 2015.
25 Household utilities
26 Healthcare
27 Outpatient services
Of which:
28 Physician services
29 Paramedical services Revised Census Bureau service
annual survey (SAS) taxable
revenue data for 2013-2014;
new SAS data for 2015.
30 Hospital and nursing home
services Revised SAS taxable and
tax-exempt revenue data for
2013 and 2014; new SAS data
for 2015.
Of which:
31 Hospitals
32 Transportation services
33 Motor vehicle services Revised SAS taxable and
tax-exempt revenue data for
2013 and 2014: new SAS data
for 2015.
Of which:
34 Motorvehicle maintenance
and repair
35 Public transportation Revised SAS taxable revenue
data for 2013 and 2014; new
SAS data for 2015; new ARTS
data for 2014; revised MRTS
data for 2015.
36 Recreation services
Of which:
37 Membership clubs, sports
centers, parks.
theaters, and museums
38 Audio-video, photographic,
and information
equipment processing
services Revised SAS taxable and
tax-exempt revenue data for
2013 and 2014; new SAS data
for 2015.
39 Food services and
accommodations Revised SAS taxable,
tax-exempt, and product
revenue data for 2013 and
2014; new SAS data for 2015.
40 Financial services
and insurance
41 Financial services
Of which:
42 Financial services
furnished without payment Revised Federal Reserve Board
(FRB) financial accounts of
the United States data for
2013 and 2014; new FRB data
for 2015; revised Internal
Revenue Service (IRS)
tabulations of corporate tax
return data for 2013; new IRS
tabulations of corporate and
of sole proprietorship and
partnership tax return data
for 2014; new Federal Deposit
Insurance Corporation (FDIC)
data for 2015; new trade
source data on credit unions
and on investment companies
for 2015.
43 Financial service charges,
fees, and
commissions Revised SAS product revenue
data on portfolio management
and investment advice services
for 2013 and 2014; new SAS
data for 2015.
44 Insurance
Of which:
45 Life insurance Revised trade source data on
life insurance company
expenses for 2013; new trade
source data for 2014; new BLS
quarterly census of employment
and wages (QCEW) data for 2015.
46 Net health insurance Revised benefits-to-premiums
ratio based on new trade
source data on medical
insurance for 2014; revised
Department of Health and
Human Services (DHHS) medical
expenditures panel survey data
for 2013 and 2014; new DHHS
medical expenditures panel
survey data for 2015.
47 Other services
48 Communication
Of which:
49 Internet access Revised SAS product revenue
data for 2013 and 2014; new
SAS data for 2015.
50 Education services
51 Professional and other
services
52 Personal care and
clothing services Revised SAS taxable revenue
data for 2013 and 2014; new
SAS data for 2015.
53 Social services and
religious activities
54 Household maintenance
55 Net foreign travel (2) Revised BEA international
transactions accounts (ITA)
data for 2013-2015
56 Foreign travel by U.S.
residents
57 Less: Expenditures in
the United States by
nonresidents
58 Final consumption
expenditures of NPISH
59 Gross output of
nonprofit institutions
60 Less: Receipts from
sales of goods and
services by
nonprofit institutions See entries for Household
consumption expenditures
(for services), line 19.
61 Gross private domestic
investment
62 Fixed investment
63 Nonresidential
64 Structures
65 Commercial and health
care
66 Manufacturing Revised Census Bureau
construction spending
(value-put-in-place)
data for 2014 and 2015.
67 Power and communication
68 Power Revised Census Bureau
construction spending
(value-put-in-place)
data for 2014 and 2015.
69 Electric
70 Other power
71 Communication
72 Mining exploration,
shafts, and wells
Of which:
73 Petroleum and natural gas Revised trade source data
on footage drilled for
2013-2015; revised
2013 and new 2014 Census
Bureau annual capital
expenditures survey data
74 Other structures
75 Equipment
76 Information processing
equipment
77 Industrial equipment
Of which:
78 General industrial,
including materials
handling, equipment Revised Census Bureau annual
survey of manufacturers (ASM)
data for 2013 and new ASM data
for 2014; revised Census
Bureau monthly industry
shipments data for 2015
79 Transportation equipment
80 Trucks, buses, and
truck trailers
Of which:
81 Light trucks(including
utility vehicles) New trade source data on
trucks in operation for 2015
82 Autos
83 Aircraft
84 Ships and boats
85 Railroad equipment
86 Other equipment
Of which:
87 Agricultural machinery Revised ASM data for 2013 and
new ASM data for 2014; revised
Census Bureau monthly industry
shipments data for 2015
88 Less: Sale of equipment
scrap, excluding autos
89 Intellectual property
products
90 Software
91 Research and development New National Science
Foundation business research
and development innovation
survey data for 2014; new SAS
data on expenses and receipts
of tax-exempt scientific
research and development
services establishments for
2014; new public financial
reports data on research and
development (R&D) expenses.
92 Entertainment, literary,
and artistic originals
93 Residential
94 Structures
95 Permanent site
Of which:
96 Single-family
structures Revised Census Bureau
construction spending
(value-put-in-place)
data for 2015.
97 Other structures
Of which:
98 Improvements Revised Census Bureau
construction spending
(value-put-in-place)
data for 2013-2015.
99 Residential equipment
100 Change in private
inventories
101 Farm Revised USDA data for
2013-2015.
102 Nonfarm
103 Change in book value Revised ASM data for 2013;
new ASM data for 2014; revised
AWTS data on inventory book
values for 2013; new AWTS data
for 2014: revised ARTS data on
inventory book values for 2013;
new ARTS data for 2014; revised
Census Bureau monthly inventory
data for 2015.
Of which:
104 Manufacturing
105 Retail trade
106 Retail motor
vehicle dealers
107 IVA Revised ASM, AWTS, and ARTS
data on accounting methods
used for inventory reporting
for 2013; new ASM, AWTS, and
ARTS data for 2014; revised
BEA unit labor cost indexes
for 2013-2015.
108 Net exports of goods
and services (2) Revised ITA
data for 2013-2015.
109 Exports of goods
and services
110 Exports of goods
Of which:
111 Other
112 Exports of services
Of which:
113 Travel (for all
purposes including
education)
114 Charges for the use
of intellectual
property n.e.c
115 Other business services
116 Imports of goods and
services
117 Imports of goods
118 Imports of services
Of which:
119 Travel (for all purposes
including education)
120 Charges for the use of
intellectual property
n.e.c
121 Other business services
122 Government consumption
expenditures and gross
investment
123 Federal government
124 Consumption expenditures
Of which:
125 Services Revised allocations of FY 2013
and FY 2014 Office of
Management and Budget (OMB)
Budget data for 2013 and 2014;
revised FY 2015 OMB Budget data
for 2014 and 2015; new
preliminary FY 2016 OMB Budget
data for 2015.
126 Gross investment
127 National defense Revised allocations of FY 2013
and FY 2014 OMB Budget data
for 2013 and 2014; revised FY
2015 OMB Budget data for 2014
and 2015; new preliminary FY
2016 OMB Budget data for 2015.
128 Consumption expenditures
129 Gross investment
130 Nondefense Revised allocations of FY 2013
and FY 2014 OMB Budget data
for 2013 and 2014; revised FY
2015 OMB Budget data for 2014
and 2015; new preliminary FY
2016 OMB Budget data for 2015.
131 Consumption expenditures Revised allocations of FY 2013
and FY 2014 OMB Budget data for
2013 and 2014; revised FY 2015
OMB Budget data for 2014 and
2015; new preliminary FY 2016
OMB Budget data for 2015.
Of which:
132 Services Revised allocations of FY 2013
and FY 2014 OMB Budget data
for 2013 and 2014; revised FY
2015 OMB Budget data for 2014
and 2015; new preliminary FY
2016 OMB Budget data for 2015.
133 Gross investment
134 State and local
135 Consumption expenditures
Of which:
136 Compensation of general
government employees Revised QCEW data for 2013 and
2014; new QCEW data for 2015.
137 Nondurable goods Revised Census Bureau
government finances FY 2013
tabulations for 2013; new FY
2014 tabulations for 2013 and
2014.
138 Services Revised Census Bureau
government finances FY 2013
tabulations for 2013; new FY
2014 tabulations for 2013 and
2014.
139 Less: Sales to other
sectors Revised Census Bureau
government finances FY 2013
tabulations for 2013; new FY
2014 tabulations for 2013 and
2014.
Of which:
140 Health and hospital
charges Revised Census Bureau
government finances FY 2013
tabulations for 2013; new FY
2014 tabulations for 2013 and
2014.
141 Gross investment
Of which:
142 Structures Revised Census Bureau
government finances FY 2013
tabulations for 2013; new FY
2014 tabulations for 2013 and
2014; revised Census Bureau
construction spending (value
put in place) data for 2014
and 2015.
143 Gross domestic product
144 Less: Statistical
discrepancy (3)
145 Equals: Gross domestic
income
146 Compensation of
employees, paid See entries for components
under Compensation of
employees, line 168, and
additional source data below.
147 Wages and salaries
148 To persons See entry for Wages and
salaries, Other, line 169
149 To the rest of the world
150 Supplements to wages
and salaries
151 Taxes on production and
imports
152 Less: Subsidies
153 Net operating surplus
154 Private enterprises
155 Current surplus of
government enterprises
156 Consumption of fixed capital
157 Private
158 Domestic business Revised BEA fixed investment
and price estimates for
2013-2015
159 Capital consumption
allowances Revised IRS tabulations of
corporate tax return data for
2013; new IRS tabulations of
corporate and of sole
proprietorship and partnership
tax return data for 2014;
revised Office of Tax Analysis
bonus depreciation estimates
for 2013-2015; revised BEA
fixed investment estimates for
2013-2015.
160 Less: CCAdj (5)
161 Households and institutions
162 Government
163 Plus: Income receipts from
the rest of the world
164 Less: Income payments to
the rest of the world
165 Equals: Gross national income
166 Less: Consumption of
fixed capital
167 Equals: National income
168 Compensation of employees
169 Wages and salaries
170 Government
Revised QCEW data for 2013
and 2014; new QCEW data for
2015; revised FY 2015 OMB
Budget data for 2014 and 2015;
new FY 2016 OMB Budget data
for 2015.
171 Other Revised QCEW data for
2013-2015; revised BLS
noncovered industries data for
2014; revised ITA data for
172 Supplements to wages and 2013-2015.
salaries
173 Employer contributions
for employee pension and
insurance funds New Department of Labor
pension data for 2013; revised
Pension Benefit Guaranty
Corporation (PBGC) data for
2013; new PBGC data for 2014;
revised FRB financial accounts
of the United States data for
2013 and 2014; new FRB data
for 2015; revised FY 2013
survey of public pensions data
for 2013; new FY 2014 survey of
public pensions data for 2013
and 2014; new Department of
Health and Human Services
medical expenditure panel
survey data for 2014 and 2015.
174 Employer contributions
for government social
insurance
175 Proprietors' income
with IVA and CCAdj
176 Farm
177 Proprietors' income
with IVA Revised USDA data for
2013-2015.
178 Capital consumption
adjustment
179 Nonfarm
180 Proprietors' income Revised IRS tabulations of
corporate tax return data
for the posttabulation
adjustments for 2013; new IRS
tabulations of sole
proprietorship and partnership
tax return data for 2014; new
Census Bureau nonfiler income
data for 2014.
181 IVA
182 CCAdj See entries for components
under Consumption of fixed
capital, line 156.
183 Rental income of
persons with CCAdj
184 Rental income of
persons Revised FRB financial
accounts of the United States
data on residential mortgage
loan liabilities for 2013-2015;
new CPS/HVS data on units for
2015; revised CPS/HVS data on
units for 2013 and 2014; new
BLS consumer expenditure
survey data on tenant
expenditures for 2014; new BEA
household utilities for 2015;
revised BEA household utilities
for 2013 and 2014; new Federal
National Mortgage Corporation
mortgage originations data for
2014; new trade source data on
insurance for 2014; revised
trade source data on insurance
for 2013; new IRS tabulations
of individual tax returns data
for 2013 revised USDA data for
2013-2015.
185 Capital consumption
adjustment
186 Corporate prof its
with IVA and CCAdj
187 Domestic industries
188 Financial
189 Nonfinancial
190 Rest of the world
Revised ITA data for
2013-2015.
191 Less: CCAdj
See entries for components
under Consumption of fixed
capital, line 156.
192 Equals: Corporate profits
with IVA
See entries for components
under Corporate profits
before tax without IVA and
CCAdj, line 209.
193 Domestic industries
194 Financial
195 Federal Reserve banks
196 Other financial
197 Nonfinancial
198 Utilities
199 Manufacturing
200 Durable goods
201 Nondurable goods
202 Wholesale trade
203 Retail trade
204 Transportation and
warehousing
205 Information
206 Other nonfinancial
207 Rest of the world
See entries for components
under Corporate profits with
IVA and CCAdj line 186.
208 Less: IVA
209 Equals: Corporate profits before
tax without IVA and
CCAdj Revised IRS tabulations of
corporate tax return data for
2013; new IRS tabulations for
2014; revised Census Bureau
Quarterly Financial Report
data for 2015; regulatory
agency and public financial
reports profits data for 2015.
210 Less: Taxes on corporate income
211 Equals: Profits after tax
212 Less: Net corporate dividend
payments, NIPAs
213 Equals: Undistributed corporate
profits
214 Net interest and miscellaneous
payments
215 Net interest
216 Domestic business
Of which:
217 Monetary interest paid
Revised FRB financial
accounts of the United States
data for 2013 and 2014; new
FRB data for 2015; revised IRS
tabulations of corporate tax
return data for 2013; new IRS
tabulations of corporate and
of sole proprietorship and
partnership tax return data
for 2014; new FDIC data for
2015; new trade source data on
credit unions and on investment
companies for 2015.
218 Less: Monetary interest
received Revised FRB financial accounts
of the United States data for
2013 and 2014; new FRB data
for 2015; revised IRS
tabulations of corporate tax
return data for 2013; new IRS
tabulations of corporate and of
sole proprietorship and
partnership tax return data
for 2014; new FDIC data for
2015; new trade source data on
credit unions and on investment
companies for 2015.
219 Imputed interest paid,
depositor, insurance, and
pension services
220 Financial
Of which:
221 Banks, credit agencies
and investment
companies
Revised IRS tabulations of
corporate tax return data for
2013; new IRS tabulations for
2014; new FDIC data for 2015;
new trade source data on credit
unions and on investment
companies for 2015.
222 Life insurance carriers
New trade source data on
investment income of life
insurance carriers for 2014;
revised FRB financial accounts
of the United States data on
life insurance company assets
for 2013 and 2014; new FRB
data for 2015.
223 Employee pension plans
224 Nonfinancial
225 Less: Imputed interest
received, depositor.
insurance, and pension
services
226 Owner-occupied housing
227 Nonprofit institutions
228 Rest of the world
229 Miscellaneous payments
230 Federal rents and royalties
231 State and local rents and
royalties
232 Taxes on production and imports
233 Federal
234 State and local Revised Census Bureau
government finances FY 2013
tabulations for
2013; new FY 2014 tabulations
for 2013 and 2014.
235 Less: Subsidies
236 Federal
237 State and local
238 Business current transfer
payments (net)
239 To persons (net) Revised trade source data on
insurance benefits for
2013-2015: revised IRS
tabulations of corporate gifts
for 2013 and new tabulations
for 2014.
240 To government (net) New federal receipts data
from the IRS and the Treasury
Department for 2015; new FDIC
data on deposit insurance
premiums for 2015: revised
USDA data on federal flood and
crop insurance premiums for
2014; new USDA data for 2015.
241 To the rest of the world
(net)
242 Current surplus of
government enterprises
243 Federal
244 State and local
Addenda:
245 Gross national product
246 Gross saving
247 Personal income See entries for components
under National Income, line
167, and additional sources
below.
248 Compensation of employees
249 Proprietors' income with
IVA and CCAdj
250 Rental income of persons
with CCAdj
251 Personal income receipts
on assets
252 Personal interest income
253 Monetary interest
received by persons
254 Imputed interest
received by persons,
depositor.
insurance, and pension
services
255 From banks, credit
agencies, and investment
companies Revised FRB financial
accounts of the United States
data for 2013 and 2014; new FRB
data for 2015; revised IRS
tabulations of corporate tax
return data for 2013; new IRS
tabulations of corporate and
of sole proprietorship and
partnership tax return data for
2014; new FDIC data for 2015;
new trade source data on credit
unions and on investment
companies for 2015.
256 From life insurance
carriers New trade source data on
investment income of life
insurance carriers for 2014;
revised FRB financial accounts
of the United States data on
life insurance company assets
for 2013 and 2014; new FRB data
for 2015.
257 From property and
casualty insurance
companies.
258 From employee
pension plans Revised 2013 and new 2014
PBGC data, new 2013 Employment
Benefit Security Agency data.
259 Imputed interest received
by nonprofit institutions
260 Personal dividend income Revised IRS tabulations of
corporate tax return data for
2013; new IRS tabulations for
2014; new and revised
regulatory agency and public
financial statements data on
dividends for 2014; revised
ITA data for 2013-2015.
261 Personal current transfer
receipts
262 Government social benefits
to persons
263 Federal New outlays data from the FY
2017 federal budget and the
Treasury Department for 2015,
revised Department of Labor
data on unemployment benefits
for 2013-2015; IRS data on
refundable tax credit programs
for 2013-2015; revised Centers
for Medicare and Medicaid
Services (CMS) data on incurred
Medicare benefits for 2013 and
2014; new CMS data for 2015;
and administrative data on
other government social
benefits programs.
264 State and local Revised Census Bureau
government finances FY 2013
tabulations for 2013; new FY
2014 tabulations for 2013 and
2014; revised CMS data on
Medicaid benefits for 2015.
265 Other current transfer
receipts, from business
(net)
266 Less: Contributions for
government social insurance.
domestic
267 Federal
268 State and local
269 Less: Personal current taxes
270 Federal Revised Social Security
Administration (SSA) data on
taxable earnings for 2014; new
SSA data for 2015; new receipts
data from the Treasury
Department for 2015; new QCEW
data on wages for 2015 new IRS
data on refundable tax credit
programs for 2013-2015.
271 State and local
272 Equals: Disposable personal
income
273 Less: Personal outlays
274 Personal consumption
expenditures
275 Personal interest payments
276 Monetary interest paid by
persons
277 Imputed interest paid by
persons, borrower services
278 Personal current transfer
payments
279 To government
280 To the rest of the world (net)
281 Equals: Personal saving
BEA Bureau of Economic Analysis
BLS Bureau of Labor Statistics
CCAdj Capital consumption adjustment
FDIC Federal Deposit Insurance Corporation
FRB Federal Reserve Board
FY Fiscal year
IRS Internal Revenue Service
IVA Inventory valuation adjustment
NIPAs National income and product accounts
NPISH Nonprofit institutions serving households
OMB Office of Management and Budget
USDA U.S. Department of Agriculture
(1.) In these descriptions, new indicates this is the first time that
data from the specific source are being incorporated into the component
estimate for the given year, and "revised" indicates that data from the
specific source were incorporated previously and now revised data from
that source are being incorporated.
(2.) Revisions reflect the annual revision of BEA's international
transactions accounts (ITAs). For more information, see C. Omar Kebbeh
and Eric Bryda, Annual Revision of the U.S. International Transactions
Accounts, Survey of Current Business 96 (July 2016). Additionally,
revisions may reflect changes previously incorporated into the ITAs but
not into the NIPAs because they affected years outside of the periods
open for revision. The years impacted by the incorporation of revised
ITA data are noted in the "Major source data incorporated" column.
(3.) Revisions are not shown because this component was not previously
published.
(4.) The statistical discrepancy is gross domestic product (GDP) less
gross domestic income (GDI); it is also the difference between gross
national product (GNP) and gross national income (GNI), which is GDI
plus net income receipts from the rest of the world. The statistical
discrepancy arises because the product-side measures of GDP and GNP are
estimated independently from the income-side measures of GDI and GNI.
(5.) CCAdj is calculated as capital consumption allowances less
consumption of fixed capital.
Table A. Summary National Income and Product Accounts, 2015
[Billions of dollars]
Account 1. Domestic Income and Product Account
Line
1 Compensation of employees, paid 9,704.1
2 Wages and salaries 7,865.8
3 Domestic (3-12) 7,847.8
4 Rest of the world (5-15) 18.1
5 Supplements to wages and salaries (3-14) 1,838.2
6 Taxes on production and imports (4-15) 1,237.6
7 Less: Subsidies (4-8) 56.6
8 Net operating surplus 4,574.5
9 Private enterprises (2-19) 4,593.3
10 Current surplus of government
enterprises (4-28) -18.8
11 Consumption of fixed capital (6-14) 2,830.8
12 Gross domestic income 18,290.3
13 Statistical discrepancy (6-20) -253.7
14 Gross domestic product 18,036.6
15 Personal consumption expenditures (3-3) 12,283.7
16 Goods 4,012.1
17 Durable goods 1,355.2
18 Nondurable goods 2,656.9
19 Services 8,271.6
20 Gross private domestic investment 3,056.6
21 Fixed investment (6-2) 2,963.2
22 Nonresidential 2,311.3
23 Structures 507.3
24 Equipment 1,086.1
25 Intellectual property products 717.9
26 Residential 651.9
27 Change in private inventories (6-4) 93.4
28 Net exports of goods and services -522.0
29 Exports (5-1) 2,264.3
30 Imports (5-13) 2,786.3
31 Government consumption expenditures
and gross investment (4-1 plus
6-3) 3,218.3
32 Federal 1,225.0
33 National defense 732.0
34 Nondefense 493.0
35 State and local 1,993.3
36 Gross domestic product 18,036.6
Account 2. Private Enterprise Income Account
Line
1 Income payments on assets 2,728.4
2 Interest and miscellaneous payments
(2-21 and 3-20 and 4-22 and
5-17) 2,462.4
3 Dividend payments to the rest of the world (5-18) 183.1
4 Reinvested earnings on foreign direct investment
in the United States
(5-19) 82.9
5 Business current transfer payments (net) 161.4
6 To persons (net) (3-24) 51.4
7 To government (net) (4-25) 110.7
8 To the rest of the world (net) (5-23 minus 5-11) -0.8
9 Proprietors' income with IVAandCCAdj (3-17) 1,376.8
10 Rental income of persons with CCAdj (3-18) 659.6
11 Corporate profits with IVAandCCAdj 2,088.1
12 Taxes on corporate income 553.8
13 To government (4-16) 515.4
14 To the rest of the world (5-23) 38.4
15 Profits after tax with IVA and CCAdj 1,534.3
16 Net dividends (3-21 plus 4-23) 971.4
17 Undistributed corporate profits with
IVAandCCAdj (6-12) 562.9
18 Uses of private enterprise income 7,014.2
19 Net operating surplus, private enterprises (1-9) 4,593.3
20 Income receipts on assets 2,420.9
21 Interest (2-2 and 3-4 and 4-7 and 5-5) 1,769.2
22 Dividend receipts from the rest of the
world (5-6) 313.5
23 Reinvested earnings on U.S. direct investment
abroad (5-7) 338.3
24 Sources of private enterprise income 7,014.2
Account 3. Personal Income and Outlay Account
Line
1 Personal current taxes (4-14) 1,938.7
2 Personal outlays 12,736.2
3 Personal consumption expenditures (1-15) 12,283.7
4 Personal interest payments (2-21 and 3-20
and 4-22 and 5-17) 263.8
5 Personal current transfer payments 188.8
6 To government (4-26) 103.3
7 To the rest of the world (net)
(5-21 minus 5-9) 85.4
8 Personal saving (6-11) 783.6
9 Personal taxes, outlays, and saving 15,458.5
10 Compensation of employees, received 9,693.1
11 Wages and salaries 7,854.8
12 Domestic (1-3) 7,847.8
13 Rest of the world (5-3) 7.1
14 Supplements to wages and salaries (1-5) 1,838.2
15 Employer contributions for employee
pension and insuranceunds 1,270.5
16 Employer contributions for government
social insurance 567.7
17 Proprietors' income with IVAandCCAdj (2-9) 1,376.8
18 Rental income of persons with CCAdj (2-10) 659.6
19 Personal income receipts on assets 2,253.8
20 Personal interest income (2-2 plus 3-4 plus
4-7 plus 5-5 plus 24-22 less 5-17) 1,302.7
21 Personal dividend income (2-16 less 4-23) 951.1
22 Personal current transfer receipts 2,678.6
23 Government social benefits (4-4) 2,627.2
24 From business (net) (2-6) 51.4
25 Less: Contributions for government social
insurance domestic (4-19) 1,203.5
26 Personal income 15,458.5
Account 4. Government Receipts and Expenditures Account
Line
1 Consumption expenditures (1-31) 2,604.90
2 Current transfer payments 2,699.60
3 Government social benefits 2,647.60
4 To persons (3-23) 2,627.20
5 To the rest of the world (5-22) 20.4
6 Other current transfer payments
to the rest of the world (5-22) 52
7 Interest payments (2-21 and 3-20 and
4-22 and 5-17) 623.4
8 Subsidies (1-7) 56.6
9 Net government saving (6-13) -731.0
10 Federal -569.7
11 State and local -161.3
12 Government current expenditures and
net saving 5,253.50
13 Current tax receipts 3,713.9
14 Personal current taxes (3-1) 1,938.7
15 Taxes on production and imports (1-6) 1,237.6
16 Taxes on corporate income (2-13) 515.4
17 Taxes from the rest of the world (5-10) 22.1
18 Contributions for government social
insurance 1,208.6
19 From persons (3-25) 1,203.5
20 From the rest of the world (5-10) 5.1
21 Income receipts on assets 128.8
22 Interest and miscellaneous receipts
(2-2 and 3-4 and 4-7 and 5-5) 108.5
23 Dividends (2-16 less 3-21) 20.3
24 Current transfer receipts 221.1
25 From business (net) (2-7) 110.7
26 From persons (3-6) 103.3
27 From the rest of the world (5-10) 7.1
28 Current surplus of government
enterprises (1-10) -18.8
29 Government current receipts 5,253.5
Account 5. Foreign Transactions Current Account
Line
1 Exports of goods and services (1-29) 2,264.30
2 Income receipts from the rest of the world 813.1
3 Wage and salary receipts (3-13) 7.1
4 Income receipts on assets 806.1
5 Interest (2-21 and 3-20 and 4-20) 154.4
6 Dividends (2-22) 313.5
7 Reinvested earnings on U.S. direct
investment abroad (2-23) 338.3
8 Current taxes, contributions for government
social insurance, and transfer
receipts from the rest of the world 133.7
9 To persons (3-7) 98.2
10 To government (4-17 plus 4-20 plus 4-27) 98.2
11 To business (2-8) 1.3
12 Current receipts from the rest of the world 3,211.20
13 Imports of goods and services (1-30) 2,786.3
14 Income payments to the rest of the world 607.4
15 Wage and salary payments (1-4) 18.1
16 Income payments on assets 589.4
17 Interest (2-2 and 3-4 and 4-7) 323.4
18 Dividends (2-3) 183.1
19 Reinvested earnings on foreign direct
nvestment in the United States
(2-4) 82.9
20 Current taxes and transfer payments
to the rest of the world 294.9
21 From persons (3-7) 183.6
22 From government (4-5 plus 4-6) 72.4
23 From business (2-8 and 2-14) 38.9
24 Balance on current account, NIPAs (7-1) -477.4
25 Current payments to the rest of the
word and balance on current
account, NIPAs 3,211.2
Account 6. Domestic Capital Account
Line
1 Gross domestic investment 3,670.00
2 Private fixed investment (1-21) 2,963.20
3 Government fixed investment (1-31) 613.4
4 Change in private inventories (1-27) 93.4
5 Capital account transactions (net) 0.5
6 Transfer payments for catastrophic losses (7-3) 0.5
7 Other capital account transactions (7-4) 0.0
8 Net lending or net borrowing (-), NIPAs (7-5) -477.9
9 Gross domestic investment, capital account
transactions (net), and
net lending, NIPAs 3,192.6
10 Net saving 615.5
11 Personal saving (3-8) 783.6
12 Undistributed corporate profits with
IVA and CCAdj (2-17) 562.9
13 Net government saving (4-9) -731.0
14 Plus: Consumption of fixed capital (1--11) 2,830.8
15 Private 2,308.3
16 Government 522.5
17 General government 456.9
18 Government enterprises 65.6
19 Equals: Gross saving 3,446.3
20 Statistical discrepancy (1-13) -253.7
21 Gross saving and statistical discrepancy 3,192.6
Account 7. Foreign Transactions Capital Account
Line
1 Balance on current account, NIPAs (5-24) -477.4
2 Capital account transactions (net) 0.5
3 Transfer payments for catastrophic losses (6-6) 0.5
4 Other capital account transactions (6-7) 0.0
b Net lending or net borrowing (-), NIPAs (6-8) -477.9
6 Capital account transactions (net) and net lending, NIPAs -477.4
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
NIFAs National income and product accounts
Note. The seven summary accounts constitute a double-entry accounting
system in which each of the entries in a summary account appears again
in that account or in one of the other summary accounts. The numbers in
parentheses indicate these "counterentries." In some cases, an entry
may be equal to another entry in the summary accounts. For example,
supplements to wages and salaries appears in account 1, line 5, and in
account 3, line 14. In other cases, an entry may be equal to a
combination of other entries (or of parts of other entries). For
example, for private enterprise interest payments (account 2, line 2),
the counterentry includes parts of private enterprise interest receipts
(account 2, line 21), of personal interest income (account 3, line 20),
of government interest receipts (account 4, line 22), and of interest
payments to the rest of the world (account 5, line 17).
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