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The 2014 annual revision of the national income and product accounts.
McCulla, Stephanie H. ; Holdren, Alyssa E. ; Smith, Shelly 等
Table B. Percent Change From Preceding Period in Real Gross
Domestic Product, Real Gross Domestic Income, and Other
Major NIPA Aggregates
[Percent]
Line 2012 2013
Production in the United States:
Gross domestic product 1 2.3 2.2
Gross domestic income 2 3.4 2.2
Net domestic product (1) 3 2.4 2.3
Net domestic income (1) 4 3.7 2.2
Production by labor and capital
supplied by U.S. residents:
Gross national product 5 2.1 2.2
Gross national income 6 3.2 2.1
Net national product (1) 7 2.2 2.2
Final expenditures
by U.S. residents:
Gross domestic purchases 8 2.2 1.9
Final sales to domestic
purchasers (2) 9 2.1 1.9
Purchasing power of income: (3)
Command-basis gross
domestic product 10 2.4 2.4
Command-basis net domestic
product (1) 11 2.5 2.5
Command-basis gross
national product 12 2.2 2.3
13 2.3 2.4
After-tax income received
by the personal sector:
Disposable personal income 14 3.0 -0.2
Seasonally adjusted
at annual rates
2013
II III IV
Production in the United States:
Gross domestic product 1.8 4.5 3.5
Gross domestic income 2.7 1.9 1.8
Net domestic product (1) 1.7 5.0 3.7
Net domestic income (1) 2.8 1.9 1.8
Production by labor and capital
supplied by U.S. residents:
Gross national product 1.9 4.8 3.7
Gross national income 2.8 2.3 2.1
Net national product (1) 1.8 5.3 4.0
Final expenditures
by U.S. residents:
Gross domestic purchases 2.2 3.8 2.3
Final sales to domestic
purchasers (2) 1.9 2.3 2.7
Purchasing power of income: (3)
Command-basis gross
domestic product 2.1 4.5 3.5
Command-basis net domestic
product (1) 2.1 4.9 3.7
Command-basis gross
national product 2.2 4.8 3.7
2.2 5.3 4.0
After-tax income received
by the personal sector:
Disposable personal income 3.8 2.0 0.2
Seasonally
adjusted at
annual rates
2014
I II
Production in the United States:
Gross domestic product -2.1 4.0
Gross domestic income -0.7
Net domestic product (1) -2.9 4.3
Net domestic income (1) -1.2
Production by labor and capital
supplied by U.S. residents:
Gross national product -2.8 ...
Gross national income -1.4 ...
Net national product (1) -3.7 ...
Final expenditures
by U.S. residents:
Gross domestic purchases -0.4 4.5
Final sales to domestic
purchasers (2) 0.7 2.8
Purchasing power of income: (3)
Command-basis gross
domestic product -2.1 4.0
Command-basis net domestic
product (1) -2.9 4.4
Command-basis gross
national product -2.8 ...
-3.7 ...
After-tax income received
by the personal sector:
Disposable personal income 3.5 3.8
(1.) 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.
(2.) Gross domestic purchases excluding change in private
inventories.
(3.) The command-basis estimates (lines 10-13) 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 NIFA tables 1.8.3 and 1.8.6.
NOTE. Data in this table are from NIFA table 1.17.1.
Table C. Real Gross Domestic Product, Real Gross Domestic Income,
and Other Major NIPA Aggregates, Chained Dollars
[Billions of chained (2009) dollars]
Line 2012 2013
Production in the United States:
Gross domestic product 1 15,369.2 15,710.3
Gross domestic income 2 15,568.1 15,908.8
Net domestic product (1) 3 12,912.3 13,203.2
Net domestic income (1) 4 13,110.5 13,401.1
Production by labor and capital
supplied by U.S. residents:
Gross national product 5 15,567.3 15,902.4
Gross national income 6 15,766.0 16,100.8
Net national product (1) 7 13,110.3 13,395.3
Final expenditures by U.S. residents:
Gross domestic purchases 8 15,824.6 16,131.0
Final sales to domestic
purchasers (2) 9 15,760.1 16,057.9
Purchasing power of income: (3)
Command-basis gross domestic product 10 15,286.0 15,655.6
Command-basis net domestic product (1) 11 12,831.5 13,150.4
Command-basis gross national product 12 15,501.1 15,865.1
Command-basis net national
product (1) 13 13,045.5 13,359.1
After-tax income received by
the personal sector:
Disposable personal income 14 11,676.2 11,650.8
Seasonally adjusted
at annual rates
2013
II III IV
Production in the United States:
Gross domestic product 15,606.6 15,779.9 15,916.2
Gross domestic income 15,879.1 15,955.4 16,027.6
Net domestic product (1) 13,106.3 13,266.3 13,389.0
Net domestic income (1) 13,377.9 13,441.2 13,500.1
Production by labor and capital
supplied by U.S. residents:
Gross national product 15,790.6 15,977.6 16,124.3
Gross national income 16,062.8 16,152.9 16,235.5
Net national product (1) 13,290.3 13,463.9 13,596.9
Final expenditures by U.S. residents:
Gross domestic purchases 16,054.5 16,205.0 16,298.6
Final sales to domestic
purchasers (2) 16,003.8 16,096.7 16,203.6
Purchasing power of income: (3)
Command-basis gross domestic product 15,555.7 15,726.8 15,862.1
Command-basis net domestic product (1) 13,057.5 13,215.1 13,336.5
Command-basis gross national product 15,756.8 15,941.9 16,087.6
Command-basis net national
product (1) 13,257.8 13,429.4 13,561.3
After-tax income received by
the personal sector:
Disposable personal income 11,647.0 11,705.9 11,711.7
Seasonally adjusted
at annual rates
2014
I II
Production in the United States:
Gross domestic product 15,831.7 15,985.7
Gross domestic income 16,000.1 ...
Net domestic product (1) 13,291.4 13,431.8
Net domestic income (1) 13,459.5 ...
Production by labor and capital
supplied by U.S. residents:
Gross national product 16,009.8 ...
Gross national income 16,178.1 ...
Net national product (1) 13,469.5 ...
Final expenditures by U.S. residents:
Gross domestic purchases 16,280.4 16,458.9
Final sales to domestic
purchasers (2) 16,231.7 16,345.2
Purchasing power of income: (3)
Command-basis gross domestic product 15,777.2 15,934.1
Command-basis net domestic product (1) 13,238.6 13,382.0
Command-basis gross national product 15,972.5 ...
Command-basis net national
product (1) 13,433.3 ...
After-tax income received by
the personal sector:
Disposable personal income 11,812.7 11,922.3
(1.) 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.
(2.) Gross domestic purchases excluding change in private
inventories.
(3.) The command-basis estimates (lines 10-13) 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 NIFA tables 1.8.3 and 1.8.6.
NOTE. Data in this table are from NIFA table 1.17.6.
Table D. Gross Domestic Product, Gross Domestic Income,
and Other Major NIPA Aggregates
[Billions of dollars]
Line 2012 2013
Production in the United States:
Gross domestic product 1 16,163.2 16,768.1
Gross domestic income 2 16,372.3 16,980.0
Net domestic product (1) 3 13,633.0 14,140.8
Net domestic income (1) 4 13,842.1 14,352.7
Production by labor and
capital supplied
by U.S. residents:
Gross national product 5 16,390.5 16,992.4
Gross national income 6 16,599.7 17,204.3
Net national product (1) 7 13,860.3 14,365.1
National income (2) 8 14,069.5 14,577.1
Final expenditures
by U.S. residents:
Gross domestic purchases 9 16,731.5 17,276.2
Final sales to domestic
purchasers (3) 10 16,666.6 17,202.2
After-tax income received
by the personal sector:
Disposable personal income 11 12,384.0 12,505.1
Seasonally adjusted
at annual rates
2013
II III IV
Production in the United States:
Gross domestic product 16,619.2 16,872.3 17,078.3
Gross domestic income 16,909.3 17,060.0 17,197.8
Net domestic product (1) 14,006.4 14,232.1 14,407.8
Net domestic income (1) 14,296.6 14,419.7 14,527.3
Production by labor and
capital supplied
by U.S. residents:
Gross national product 16,834.0 17,103.1 17,321.2
Gross national income 17,124.2 17,290.7 17,440.7
Net national product (1) 14,221.3 14,462.9 14,650.6
National income (2) 14,511.5 14,650.5 14,770.2
Final expenditures
by U.S. residents:
Gross domestic purchases 17,151.2 17,382.2 17,541.2
Final sales to domestic
purchasers (3) 17,100.4 17,271.5 17,450.6
After-tax income received
by the personal sector:
Disposable personal income 12,470.7 12,585.8 12,623.7
Seasonally adjusted
at annual rates
2014
I II
Production in the United States:
Gross domestic product 17,044.0 17,294.7
Gross domestic income 17,225.4 ...
Net domestic product (1) 14,345.3 14,573.2
Net domestic income (1) 14,526.7 ...
Production by labor and
capital supplied
by U.S. residents:
Gross national product 17,255.0 ...
Gross national income 17,436.4 ...
Net national product (1) 14,556.3 ...
National income (2) 14,737.7 ...
Final expenditures
by U.S. residents:
Gross domestic purchases 17,582.0 17,858.7
Final sales to domestic
purchasers (3) 17,541.8 17,748.8
After-tax income received
by the personal sector:
Disposable personal income 12,775.8 12,968.5
(1.) 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.
(2.) Equals gross national income less the depreciation of
fixed assets as measured by the consumption of fixed
capital.
(3.) Equals gross domestic purchases less change in private
inventories.
NOTE. Data in this table are from NIPA table 1.17.5.
Table 1. Major Source Data Incorporated for the 2014 Annual Revision
Source Data Years Vintage
data covered by
agency the data
Census Annual 2011 Revised
Bureau surveys of 2012 New
merchant
wholesale
trade and
retail
trade
Monthly 2011-2013 Revised
indicators
of
manufactures,
merchant
wholesale
trade, and
retail
trade
Service 2011 and 2012 Revised
annual 2013 New
survey
Annual Fiscal year 2011 Revised
surveys of Fiscal year 2012 New
state and
local
government
finances
Monthly 2011-2013 Revised
survey of
construction
spending
(value put
in place)
Quarterly 2011-2013 Revised
services
survey
Current 2011 and 2012 Revised
population 2013 New
survey/
housing
vacancy
survey
Office of Federal Fiscal year 2013 Revised
Management Budget Fiscal year 2014 Revised
and Budget
Internal Tabulations 2011 Revised
Revenue of tax 2012 New
Service returns 2012 New
for
corporations
Tabulations
of tax
returns
for sole
proprietorships
and
partnerships
Bureau of Quarterly 2011-2013 Revised
Labor census of
Statistics employment
and wages
Department Farm 2011-2013 Revised
of statistics
Agriculture
Bureau of International 1999-2013 Revised
Economic transactions
Analysis accounts
Table 2. Real Gross Domestic Product (GDP)
Share
of
current- Change from
dollar preceding
GDP period
(percent) (percent)
2013 2011 2012 2013
Gross domestic product (1) 100.0 1.6 2.3 2.2
Personal consumption
expenditures 68.5 2.3 1.8 2.4
Goods 23.0 3.1 2.8 3.4
Durable goods 7.5 6.1 7.3 6.7
Nondurable goods 15.5 1.8 0.7 1.9
Services 45.5 1.8 1.3 1.9
Gross private
domestic investment 15.8 5.2 9.2 4.9
Fixed investment 15.4 6.3 8.3 4.7
Nonresidential 12.2 7.7 7.2 3.0
Structures 2.7 2.3 13.1 -0.5
Equipment 5.7 13.6 6.8 4.6
Intellectual
property products 3.9 3.6 3.9 3.4
Residential 3.1 0.5 13.5 11.9
Change in private inventories 0.4
Net exports of
goods and services -3.0
Exports 13.5 6.9 3.3 3.0
Goods 9.3 6.5 3.7 2.8
Services 4.2 7.6 2.4 3.6
Imports 16.5 5.5 2.3 1.1
Goods 13.7 5.8 2.1 0.9
Services 2.8 4.0 3.4 2.2
Government consumption
expenditures and
gross investment 18.7 -3.0 -1.4 -2.0
Federal 7.3 -2.7 -1.8 -5.7
National defense 4.6 -2.3 -3.3 -6.6
Nondefense 2.8 -3.4 1.0 -4.1
State and local 11.4 -3.3 -1.2 0.5
Revisions
(percentage points)
Gross domestic product ... -0.2 -0.5 0.3
Personal consumption
expenditures ... -0.2 -0.4 0.4
Gross private domestic
investment ... 0.3 -0.3 -0.5
Fixed investment ... 0.1 0.0 0.2
Nonresidential ... 0.1 -0.1 0.3
Residential ... 0.0 0.6 -0.3
Change in private
inventories ... ... ... ...
Net exports of goods
and services ... ... ... ...
Exports ... -0.2 -0.2 0.3
Imports ... 0.6 0.1 -0.3
Government
consumption expenditures
and gross investment ... 0.2 -0.4 0.2
Federal ... -0.1 -0.4 -0.5
State and local ... 0.3 -0.5 0.7
Contribution to
percent change
in real GDP
(percentage
points)
2011 2012 2013
Gross domestic product (1) 1.6 2.3 2.2
Personal consumption
expenditures 1.55 1.25 1.64
Goods 0.71 0.64 0.78
Durable goods 0.43 0.52 0.49
Nondurable goods 0.28 0.12 0.29
Services 0.84 0.61 0.86
Gross private
domestic investment 0.73 1.33 0.76
Fixed investment 0.86 1.17 0.70
Nonresidential 0.85 0.84 0.37
Structures 0.06 0.32 -0.01
Equipment 0.66 0.37 0.26
Intellectual
property products 0.13 0.15 0.13
Residential 0.01 0.33 0.33
Change in private inventories -0.14 0.15 0.06
Net exports of
goods and services -0.02 0.04 0.22
Exports 0.87 0.44 0.41
Goods 0.57 0.34 0.26
Services 0.29 0.10 0.15
Imports -0.89 -0.40 -0.19
Goods -0.78 -0.30 -0.13
Services -0.11 -0.10 -0.06
Government consumption
expenditures and
gross investment -0.65 -0.30 -0.39
Federal -0.24 -0.15 -0.45
National defense -0.13 -0.18 -0.33
Nondefense -0.11 0.03 -0.12
State and local -0.41 -0.15 0.06
Revisions
(percentage points)
Gross domestic product -0.2 -0.5 0.3
Personal consumption
expenditures -0.19 -0.27 0.27
Gross private domestic
investment 0.04 -0.03 -0.06
Fixed investment 0.01 0.00 0.04
Nonresidential 0.01 -0.01 0.04
Residential 0.00 0.01 0.00
Change in private
inventories 0.02 -0.05 -0.10
Net exports of goods
and services -0.12 -0.06 0.10
Exports -0.02 -0.04 0.05
Imports -0.10 -0.02 0.05
Government
consumption expenditures
and gross investment 0.03 -0.10 0.04
Federal -0.01 -0.03 -0.04
State and local 0.05 -0.07 0.08
(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 Change from
current- preceding
dollar PCE period
(percent) (percent)
2013 2011 2012 2013
Personal consumption
expenditures (1) 100.0 2.3 1.8 2.4
Goods 33.5 3.1 2.8 3.4
Durable goods 10.9 6.1 7.3 6.7
Motor vehicles and parts 3.6 3.2 7.2 5.1
Furnishings and
durable household
equipment 2.4 5.8 4.3 5.8
Recreational goods
and vehicles 3.0 9.9 11.0 10.0
Other durable goods 1.8 5.5 5.5 5.9
Nondurable goods 22.7 1.8 0.7 1.9
Food and beverages
for off-premises
consumption 7.6 1.1 0.8 1.0
Clothing and footwear 3.1 3.9 0.7 1.0
Gasoline and other
energy goods 3.6 -2.8 -1.9 0.9
Other nondurable goods 8.4 3.6 1.9 3.4
Services 66.5 1.8 1.3 1.9
Household
consumption expenditures
(for services) 63.8 2.0 1.2 1.8
Housing and utilities 18.2 1.2 0.6 1.3
Health care 16.7 2.5 3.2 2.1
Transportation services 2.9 2.4 1.9 2.7
Recreation services 3.8 2.3 1.7 2.4
Food services and
accommodations 6.2 2.6 2.5 2.2
Financial services
and insurance 7.2 1.8 -4.5 2.1
Other services 8.8 1.9 1.9 1.2
Final consumption
expenditures of
NPISHs 2.7 -1.1 5.1 4.1
Gross output of NPISHs 10.8 1.0 3.1 1.8
Less: Receipts from
sales of goods
and services by NPISHs 8.2 1.7 2.5 1.0
Revisions
(percentage points)
Personal consumption
expenditures ... -0.2 -0.4 0.4
Goods ... -0.3 -0.5 -0.1
Durable goods ... -0.5 -0.4 -0.2
Nondurable goods ... -0.1 -0.7 -0.1
Services ... -0.3 -0.3 0.7
Contribution to
percent change
in real PCE
(percentage
points)
2011 2012 2013
Personal consumption
expenditures (1) 2.3 1.8 2.4
Goods 1.03 0.93 1.14
Durable goods 0.63 0.76 0.71
Motor vehicles and parts 0.11 0.25 0.18
Furnishings and
durable household
equipment 0.14 0.10 0.14
Recreational goods
and vehicles 0.29 0.32 0.29
Other durable goods 0.09 0.09 0.10
Nondurable goods 0.41 0.17 0.43
Food and beverages
for off-premises
consumption 0.09 0.06 0.07
Clothing and footwear 0.12 0.02 0.03
Gasoline and other
energy goods -0.10 -0.07 0.03
Other nondurable goods 0.30 0.16 0.28
Services 1.23 0.88 1.25
Household
consumption expenditures
(for services) 1.26 0.75 1.14
Housing and utilities 0.23 0.12 0.24
Health care 0.41 0.53 0.35
Transportation services 0.07 0.05 0.08
Recreation services 0.09 0.06 0.09
Food services and
accommodations 0.16 0.16 0.14
Financial services
and insurance 0.13 -0.34 0.15
Other services 0.17 0.17 0.10
Final consumption
expenditures of
NPISHs -0.03 0.13 0.11
Gross output of NPISHs 0.11 0.33 0.19
Less: Receipts from
sales of goods
and services by NPISHs 0.14 0.20 0.09
Revisions
(percentage points)
Personal consumption
expenditures -0.2 -0.4 0.4
Goods -0.09 -0.19 -0.05
Durable goods -0.05 -0.05 -0.03
Nondurable goods -0.03 -0.14 -0.02
Services -0.20 -0.20 0.44
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- Change from
dollar preceding
PFI period
(percent) (percent)
2013 2011 2012 2013
Private fixed Investment (1) 100.0 6.3 8.3 4.7
Nonresidential 79.8 7.7 7.2 3.0
Structures 17.8 2.3 13.1 -0.5
Commercial and health care 4.3 -0.5 8.5 3.4
Manufacturing 1.8 -4.2 14.8 -1.3
Power and communication 3.7 -7.8 21.0 -7.6
Mining exploration,
shafts, and wells 5.4 26.4 12.3 0.5
Other structures 2.6 -9.4 9.5 3.1
Equipment 36.9 13.6 6.8 4.6
Information processing
equipment 11.1 1.6 3.2 3.0
Computers and peripheral
equipment 3.0 -2.0 4.7 -0.2
Other 8.1 3.0 2.6 4.3
Industrial equipment 8.2 21.1 3.8 3.9
Transportation equipment 8.9 33.7 18.9 6.2
Other equipment 8.8 10.9 4.0 5.7
Intellectual property
products 25.1 3.6 3.9 3.4
Software 11.4 6.9 5.6 3.1
Research and development 10.7 1.0 1.9 3.9
Entertainment,
literary, and artistic
originals 3.0 0.6 4.1 2.5
Residential 20.2 0.5 13.5 11.9
Structures 19.8 0.5 13.8 12.0
Permanent site 7.9 -3.6 24.1 25.2
Single family 6.6 -4.6 21.0 22.6
Multifamily 1.3 4.4 46.6 40.5
Other structures 12.0 2.5 8.8 4.7
Equipment 0.4 4.7 1.2 7.0
Revisions
(percentage points)
Private fixed investment ... 0.1 0.0 0.2
Nonresidential ... 0.1 -0.1 0.3
Structures ... 0.2 0.4 -1.8
Equipment 0.9 -0.8 1.5
Intellectual
property products ... -0.8 0.5 0.3
Residential ... 0.0 0.6 -0.3
Structures ... 0.1 0.7 -0.3
Equipment ... 0.2 -1.8 -0.7
Contribution to
percent change
in real PFI
(percentage
points)
2011 2012 2013
Private fixed Investment (1) 6.3 8.3 4.7
Nonresidential 6.24 5.93 2.48
Structures 0.41 2.30 -0.09
Commercial and health care -0.02 0.36 0.15
Manufacturing -0.08 0.26 -0.03
Power and communication -0.33 0.79 -0.32
Mining exploration,
shafts, and wells 1.12 0.64 0.03
Other structures -0.28 0.24 0.08
Equipment 4.85 2.59 1.71
Information processing
equipment 0.21 0.40 0.35
Computers and peripheral
equipment -0.08 0.16 -0.01
Other 0.29 0.24 0.36
Industrial equipment 1.60 0.33 0.32
Transportation equipment 2.11 1.50 0.54
Other equipment 0.93 0.36 0.49
Intellectual property
products 0.98 1.04 0.86
Software 0.85 0.68 0.36
Research and development 0.11 0.22 0.42
Entertainment,
literary, and artistic
originals 0.02 0.14 0.08
Residential 0.10 2.37 2.22
Structures 0.08 2.36 2.19
Permanent site -0.22 1.35 1.64
Single family -0.25 1.03 1.26
Multifamily 0.03 0.32 0.38
Other structures 0.30 1.01 0.55
Equipment 0.02 0.00 0.03
Revisions
(percentage points)
Private fixed investment 0.1 0.0 0.2
Nonresidential 0.08 -0.08 0.26
Structures 0.03 0.09 -0.32
Equipment 0.30 -0.30 0.53
Intellectual
property products -0.24 0.13 0.05
Residential 0.01 0.11 -0.02
Structures 0.01 0.11 -0.02
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
2011 2012 2013
Change in private
inventories (1) 37.6 57.0 63.5
Farm 1.4 -5.6 7.6
Mining, utilities,
and construction -4.4 5.6 -1.6
Manufacturing 21.2 10.6 7.3
Durable-goods industries 20.3 14.3 11.3
Nondurable-goods industries 1.8 -2.6 -3.1
Wholesale trade 16.6 21.4 21.4
Durable-goods industries 22.9 19.9 15.4
Nondurable-goods industries -4.4 2.9 6.6
Retail trade -1.1 25.6 28.4
Motor vehicle and
parts dealers 1.2 21.2 17.6
Food and beverage stores -0.1 0.1 1.1
General merchandise stores 0.9 -0.1 2.9
Other retail stores -3.0 4.5 7.0
Other industries 3.3 3.1 -0.1
Residual (2) -2.3 -6.3 -1.2
Revisions
Change in private inventories 4.0 -0.6 -18.0
Farm 5.9 1.6 -12.0
Mining, utilities,
and construction -0.8 -1.4 0.7
Manufacturing 0.2 0.8 -4.6
Wholesale trade -3.4 2.3 -0.6
Retail trade 0.4 -1.1 -0.1
Other industries 0.4 -3.8 1.5
Change from
preceding period
2011 2012 2013
Change in private
inventories (1) -20.6 19.4 6.5
Farm 8.4 -7.0 13.2
Mining, utilities,
and construction -5.8 10.0 -7.2
Manufacturing -0.9 -10.6 -3.3
Durable-goods industries 3.5 -6.0 -3.0
Nondurable-goods industries -3.7 -4.4 -0.5
Wholesale trade -8.2 4.8 0.0
Durable-goods industries 12.5 -3.0 -4.5
Nondurable-goods industries -18.6 7.3 3.7
Retail trade -19.5 26.7 2.8
Motor vehicle and
parts dealers -10.5 20.0 -3.6
Food and beverage stores -0.4 0.2 1.0
General merchandise stores -1.3 -1.0 3.0
Other retail stores -7.2 7.5 2.5
Other industries 4.4 -0.2 -3.2
Residual (2) -1.9 -4.0 5.1
Revisions
Change in private inventories 4.0 -4.6 -17.4
Farm 5.9 -4.3 -13.6
Mining, utilities,
and construction -0.8 -0.6 2.1
Manufacturing 0.2 0.6 -5.4
Wholesale trade -3.4 5.7 -2.9
Retail trade 0.4 -1.5 1.0
Other industries 0.4 -4.2 5.3
(1.) The levels are from NIFA 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 Change from
current- preceding
dollar period
exports (percent)
(percent)
2013 2011 2012 2013
Exports of goods and
services (1) 100.0 6.9 3.3 3.0
Exports of goods 69.1 6.5 3.7 2.8
Foods, feeds, and beverages 6.0 -0.3 -0.9 2.2
Industrial supplies
and materials 21.8 6.5 1.7 4.1
Capital goods,
except automotive 23.6 9.5 5.9 0.7
Automotive vehicles,
engines, and
parts 6.7 16.7 7.9 3.8
Consumer goods,
except food and
automotive 8.3 4.5 2.1 5.2
Other 2.6 -15.9 6.6 3.7
Exports of services 30.9 7.6 2.4 3.6
Transport 3.9 2.8 1.6 5.1
Travel (for all
purposes including
education) 7.7 4.8 3.9 6.4
Charges for the
use of intellectual
property nec 5.7 11.9 0.0 1.7
Other business services 12.1 7.5 3.3 2.9
Government goods
and services n.e.c 1.0 19.9 0.8 0.2
Other 0.6 15.6 -3.5 -4.7
Revisions
(percentage points)
Exports of goods
and services -0.2 -0.2 0.3
Exports of goods -0.6 -0.1 0.4
Exports of services 0.6 -0.6 0.1
Contribution to
percent change
in real exports
(percentage
points)
2011 2012 2013
Exports of goods and
services (1) 6.9 3.3 3.0
Exports of goods 4.52 2.54 1.96
Foods, feeds, and beverages -0.02 -0.06 0.13
Industrial supplies
and materials 1.44 0.38 0.89
Capital goods,
except automotive 2.23 1.38 0.16
Automotive vehicles,
engines, and
parts 0.99 0.50 0.26
Consumer goods,
except food and
automotive 0.39 0.17 0.43
Other -0.51 0.17 0.10
Exports of services 2.33 0.72 1.09
Transport 0.11 0.06 0.19
Travel (for all
purposes including
education) 0.35 0.28 0.47
Charges for the
use of intellectual
property n.e.c 0.68 0.00 0.10
Other business services 0.90 0.39 0.35
Government goods
and services n.e.c 0.20 0.01 0.00
Other 0.09 -0.02 -0.03
Revisions
(percentage points)
Exports of goods
and services -0.2 -0.2 0.3
Exports of goods -0.45 -0.10 0.32
Exports of services 0.22 -0.17 0.04
(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 Change from
current- preceding
dollar period
imports (percent)
(percent)
2013 2011 2012 2013
Imports of goods and
services (1) 100.0 5.5 2.3 1.1
Imports of goods 83.1 5.8 2.1 0.9
Foods, feeds, and beverages 4.2 1.9 3.7 3.9
Industrial supplies and
materials, except petroleum
and products 10.5 6.4 2.4 1.6
Petroleum and products 14.0 -1.9 -8.1 -7.2
Capital goods, except
automotive 20.1 13.7 7.3 2.1
Automotive vehicles, engines,
and parts 11.2 9.6 14.5 4.0
Consumer goods, except food
and automotive 19.3 4.5 -0.9 3.1
Other 3.8 0.5 4.8 3.2
Imports of services 16.9 4.0 3.4 2.2
Transport 3.3 3.3 2.9 5.9
Travel (for all purposes
including education) 3.8 0.8 11.7 2.7
Charges for the use of
intellectual
property n.e.c 1.4 8.1 7.6 -2.4
Other business services 7.3 7.4 0.8 3.6
Government goods and
services n.e.c 0.9 -7.0 -7.3 -12.8
Other 0.2 -4.0 1.6 -1.6
Revisions
(percentage points)
Imports of goods and
services 0.6 0.1 -0.3
Imports of goods 0.6 0.0 -0.3
Imports of services 0.9 0.7 -0.3
Contribution to
percent change
in real imports
(percentage
points)
2011 2012 2013
Imports of goods and
services (1) 5.5 2.3 1.1
Imports of goods 4.78 1.77 0.78
Foods, feeds, and beverages 0.08 0.15 0.16
Industrial supplies and
materials, except petroleum
and products 0.68 0.26 0.17
Petroleum and products -0.31 -1.41 -1.11
Capital goods, except
automotive 2.52 1.38 0.42
Automotive vehicles, engines,
and parts 0.90 1.39 0.44
Consumer goods, except food
and automotive 0.90 -0.17 0.59
Other 0.02 0.17 0.12
Imports of services 0.69 0.56 0.37
Transport 0.10 0.09 0.18
Travel (for all purposes
including education) 0.03 0.39 0.10
Charges for the use of
intellectual
property n.e.c 0.11 0.10 -0.03
Other business services 0.56 0.06 0.26
Government goods and
services n.e.c -0.09 -0.08 -0.13
Other -0.01 0.00 0.00
Revisions
(percentage points)
Imports of goods and
services 0.6 0.1 -0.3
Imports of goods 0.44 -0.01 -0.24
Imports of services 0.16 0.12 -0.04
(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 8. Real Government Consumption Expenditures
and Gross Investment (CEGI)
Share of Change from
current- preceding
dollar period
CEGI (percent)
(percent)
2013 2011 2012 2013
Government
consumption expenditures
and gross investment (1) 100.0 -3.0 -1.4 -2.0
Consumption expenditures 81.0 -2.7 -0.6 -1.3
Gross investment 19.0 -4.5 -4.8 -5.0
Federal 39.2 -2.7 -1.8 -5.7
National defense 24.5 -2.3 -3.3 -6.6
Consumption expenditures 19.6 -1.5 -2.8 -6.0
Gross investment 4.9 -5.0 -5.1 -8.9
Nondefense 14.7 -3.4 1.0 -4.1
Consumption expenditures 11.0 -4.6 2.1 -3.7
Gross investment 3.7 0.1 -2.3 -5.2
State and local 60.8 -3.3 -1.2 0.5
Consumption expenditures 50.4 -2.7 -0.2 1.2
Gross investment 10.4 -5.9 -5.6 -2.9
Revisions
(percentage points)
Government consumption
expenditures and
gross investment ... 0.2 -0.4 0.2
Federal ... -0.1 -0.4 -0.5
National defense ... 0.0 -0.1 0.4
Nondefense ... -0.4 -0.8 -2.2
State and local ... 0.3 -0.5 0.7
Contribution to
percent change
in real CEGI
(percentage
points)
2011 2012 2013
Government
consumption expenditures
and gross investment (1) -3.0 -1.4 -2.0
Consumption expenditures -2.11 -0.47 -1.04
Gross investment -0.93 -0.98 -0.97
Federal -1.11 -0.73 -2.32
National defense -0.60 -0.87 -1.71
Consumption expenditures -0.32 -0.59 -1.24
Gross investment -0.28 -0.28 -0.47
Nondefense -0.51 0.14 -0.61
Consumption expenditures -0.51 0.23 -0.41
Gross investment 0.00 -0.09 -0.20
State and local -1.94 -0.72 0.30
Consumption expenditures -1.28 -0.11 0.61
Gross investment -0.65 -0.61 -0.30
Revisions
(percentage points)
Government consumption
expenditures and
gross investment 0.2 -0.4 0.2
Federal -0.05 -0.14 -0.21
National defense 0.01 -0.02 0.11
Nondefense -0.06 -0.12 -0.32
State and local 0.21 -0.33 0.42
(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)
2011 2012 2013
Gross domestic purchases (1) 2.4 1.7 1.3
Personal consumption
expenditures 2.5 1.8 1.2
Goods 3.7 1.2 -0.5
Durable goods -0.9 -1.3 -1.8
Nondurable goods 5.9 2.4 0.2
Services 1.8 2.1 2.1
Gross private domestic
investment 1.4 1.4 1.8
Fixed investment 1.4 1.4 1.8
Nonresidential 1.5 1.5 1.1
Structures 3.0 3.5 2.8
Equipment 0.9 1.0 0.4
Intellectual property
products 1.3 1.0 0.8
Residential 0.8 0.9 5.0
Change in private
inventories ... ... ...
Government
consumption expenditures
and gross investment 3.0 1.5 1.2
Federal 2.7 0.9 1.1
National defense 2.8 1.1 0.8
Nondefense 2.5 0.5 1.6
State and local 3.1 1.9 1.3
Addenda:
Gross domestic purchases:
Food 3.8 2.2 1.0
Energy goods and services 16.0 1.4 -0.8
Excluding food and energy 1.8 1.7 1.4
Personal consumption
expenditures (PCE):
Food and beverages
purchased for off-
premises consumption 4.0 2.3 1.0
Energy goods and services 16.0 1.4 -0.8
Excluding food and energy 1.5 1.8 1.3
Gross domestic product (GDP) 2.1 1.8 1.5
Exports of goods and services 6.4 0.9 0.1
Imports of goods and services 7.7 0.5 -0.8
Revisions
(percentage points)
Gross domestic purchases 0.1 0.0 0.1
Food 0.2 0.0 0.1
Energy goods and services 0.3 0.0 0.0
Excluding food and energy 0.1 0.1 0.1
Personal consumption
expenditures 0.1 0.0 0.1
Food and beverages
purchased for off
premises consumption 0.0 0.0 -0.1
Energy goods and services 0.2 0.0 -0.3
Excluding food and energy 0.1 0.0 0.1
Gross domestic product 0.1 0.1 0.1
Exports of goods and services 0.0 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)
2011 2012 2013
Gross domestic purchases (1) 2.4 1.7 1.3
Personal consumption
expenditures 1.62 1.22 0.80
Goods 0.81 0.28 -0.11
Durable goods -0.06 -0.09 -0.13
Nondurable goods 0.88 0.37 0.03
Services 0.81 0.94 0.90
Gross private domestic
investment 0.19 0.20 0.27
Fixed investment 0.18 0.20 0.27
Nonresidential 0.16 0.18 0.13
Structures 0.07 0.09 0.07
Equipment 0.04 0.05 0.02
Intellectual property
products 0.05 0.04 0.03
Residential 0.02 0.02 0.14
Change in private
inventories 0.00 0.00 0.00
Government
consumption expenditures
and gross investment 0.59 0.29 0.23
Federal 0.23 0.07 0.08
National defense 0.15 0.05 0.04
Nondefense 0.08 0.01 0.05
State and local 0.37 0.22 0.15
Addenda:
Gross domestic purchases:
Food 0.19 0.11 0.05
Energy goods and services 0.56 0.05 -0.03
Excluding food and energy 1.65 1.54 1.27
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 0.1 0.0 0.1
Food 0.01 0.00 0.00
Energy goods and services 0.01 0.00 0.00
Excluding food and energy 0.06 0.05 0.10
Personal consumption
expenditures 0.04 -0.01 0.04
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
2011 2012 2013
National income 13,352.3 14,069.5 14,577.1
Compensation of employees 8,269.0 8,606.5 8,844.8
Wages and salaries 6,633.2 6,932.1 7,124.7
Government 1,194.8 1,198.3 1,208.1
Other 5,438.4 5,733.8 5,916.6
Supplements to wages and
salaries 1,635.9 1,674.4 1,720.1
Employer contributions for
employee pension and
insurance funds 1,142.0 1,160.5 1,193.9
Employer contributions for
government social
insurance 493.9 513.9 526.1
Proprietors' income with IVA
and CCAdj 1,143.7 1,260.2 1,336.6
Farm 75.5 72.3 83.2
Nonfarm 1,068.1 1,187.9 1,253.5
Rental income of persons with
CCAdj 485.3 533.0 595.8
Corporate profits with IVA and
CCAdj 1,816.6 2,022.8 2,106.9
Taxes on corporate income 379.1 454.8 474.3
Profits after tax with
IVA and CCAdj 1,437.5 1,568.0 1,632.6
Net dividends 703.7 857.1 959.6
Undistributed profits
with IVA and CCAdj 733.9 710.9 673.0
Net interest and miscellaneous
payments 488.1 491.7 499.8
Taxes on production and
Imports 1,102.6 1,132.0 1,162.4
Less: Subsidies 60.1 58.0 60.2
Business current transfer
payments (net) 131.5 106.7 120.6
To persons (net) 50.2 43.1 42.3
To government (net) 89.2 71.9 89.0
To the rest of the
world (net) -7.9 -8.3 -10.8
Current surplus of government
enterprises -24.5 -25.3 -29.6
Revisions
National income -43.4 97.9 34.7
Compensation of employees -9.5 -5.1 -14.6
Proprietors' income with
IVA and CCAdj -11.4 35.3 -12.2
Rental income of persons with
CCAdj 0.9 -8.2 5.2
Corporate profits with IVA and
CCAdj -61.1 13.3 4.8
Net interest and miscellaneous
payments 31.2 52.1 30.6
Taxes on production
and imports 5.5 9.1 15.7
Less: Subsidies 0.1 0.7 1.5
Business current transfer
payments (net) 1.9 -0.2 -3.8
Current surplus of government
enterprises -0.7 2.4 10.5
Change from preceding period
2011 2012 2013
National income 612.8 717.2 507.6
Compensation of employees 307.6 337.5 238.3
Wages and salaries 255.7 298.9 192.6
Government 3.7 3.5 9.8
Other 252.0 295.4 182.8
Supplements to wages and
salaries 52.0 38.5 45.7
Employer contributions for
employee pension and
insurance funds 27.4 18.5 33.4
Employer contributions for
government social
insurance 24.5 20.0 12.2
Proprietors' income with IVA
and CCAdj 111.0 116.5 76.4
Farm 29.5 -3.2 10.9
Nonfarm 81.4 119.8 65.6
Rental income of persons with
CCAdj 82.5 47.7 62.8
Corporate profits with IVA and
CCAdj 70.2 206.2 84.1
Taxes on corporate income 8.5 75.7 19.5
Profits after tax with
IVA and CCAdj 61.6 130.5 64.6
Net dividends 139.7 153.4 102.5
Undistributed profits
with IVA and CCAdj -78.0 -23.0 -37.9
Net interest and miscellaneous
payments -1.3 3.6 8.1
Taxes on production and
Imports 45.5 29.4 30.4
Less: Subsidies 4.2 -2.1 2.2
Business current transfer
payments (net) 3.0 -24.8 13.9
To persons (net) 7.2 -7.1 -0.8
To government (net) 2.0 -17.3 17.1
To the rest of the
world (net) -6.2 -0.4 -2.5
Current surplus of government
enterprises -1.6 -0.8 -4.3
Revisions
National income -43.4 141.3 -63.2
Compensation of employees -3.6 4.4 -9.5
Proprietors' income with
IVA and CCAdj -11.4 46.7 -47.5
Rental income of persons with
CCAdj 0.9 -9.1 13.4
Corporate profits with IVA and
CCAdj -66.9 74.4 -8.5
Net interest and miscellaneous
payments 31.2 20.9 -21.5
Taxes on production
and imports 5.5 3.6 6.6
Less: Subsidies 0.1 0.6 0.8
Business current transfer
payments (net) 1.9 -2.1 -3.6
Current surplus of government
enterprises -0.7 3.1 8.1
CCAdj Capital consumption adjustment
NOTE. Dollar levels are from NIPA table 1.12.
IVA Inventory valuation adjustment
Table 11. Relation of GDP, GDI, Gross National Income,
National Income, and Personal Income
[Billions of dollars]
Level
2011 2012 2013
Gross domestic product 15,517.9 16,163.2 16,768.1
Less: Statistical discrepancy -38.3 -209.2 -211.9
Equals: Gross domestic
Income 15,556.3 16,372.3 16,980.0
Plus: Income receipts from the
rest of the world 792.6 793.8 810.4
Less: Income payments to the
rest of the world 546.0 566.5 586.1
Equals: Gross national
Income 15,802.9 16,599.7 17,204.3
Less: Consumption of fixed
capital 2,450.6 2,530.2 2,627.2
Equals: National income 13,352.3 14,069.5 14,577.1
Less:
Corporate profits
with IVA and CCAdj 1,816.6 2,022.8 2,106.9
Taxes on production and
imports less subsidies 1,042.6 1,074.0 1,102.3
Contributions for government
social insurance, domestic 917.8 951.2 1,104.5
Net interest and
miscellaneous payments
on assets 488.1 491.7 499.8
Business current transfer
payments (net) 131.5 106.7 120.6
Current surplus of
government enterprises -24.5 -25.3 -29.6
Plus: Personal income receipts
on assets 1,913.9 2,088.6 2,079.7
Plus: Personal current
transfer receipts 2,307.9 2,350.7 2,414.5
Equals: Personal income 13,202.0 13,887.7 14,166.9
Revisions
Gross domestic product -15.9 -81.4 -31.6
Statistical discrepancy 15.4 -192.2 -80.5
Gross domestic income -31.2 110.7 48.8
Change from
preceding period
2011 2012 2013
Gross domestic product 553.5 645.3 604.9
Less: Statistical discrepancy -87.5 -170.9 -2.7
Equals: Gross domestic
Income 641.1 816.0 607.7
Plus: Income receipts from the
rest of the world 72.6 1.2 16.6
Less: Income payments to the
rest of the world 31.9 20.5 19.6
Equals: Gross national
Income 681.8 796.8 604.6
Less: Consumption of fixed
capital 69.0 79.6 97.0
Equals: National income 612.8 717.2 507.6
Less:
Corporate profits
with IVA and CCAdj 70.2 206.2 84.1
Taxes on production and
imports less subsidies 41.4 31.4 28.3
Contributions for government
social insurance, domestic -66.3 33.4 153.3
Net interest and
miscellaneous payments
on assets -1.3 3.6 8.1
Business current transfer
payments (net) 3.0 -24.8 13.9
Current surplus of
government enterprises -1.6 -0.8 -4.3
Plus: Personal income receipts
on assets 174.3 174.7 -8.9
Plus: Personal current
transfer receipts 31.0 42.8 63.8
Equals: Personal income 772.7 685.7 279.2
Revisions
Gross domestic product -22.0 -65.5 49.8
Statistical discrepancy 9.3 -207.6 111.7
Gross domestic income -31.2 141.9 -61.9
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
2011 2012 2013
Personal income 13,202.0 13,887.7 14,166.9
Compensation of employees 8,269.0 8,606.5 8,844.8
Wages and salaries 6,633.2 6,932.1 7,124.7
Private industries 5,438.4 5,733.8 5,916.6
Government 1,194.8 1,198.3 1,208.1
Supplements to wages and
salaries 1,635.9 1,674.4 1,720.1
Proprietors' income with IVA
and CCAdj 1,143.7 1,260.2 1,336.6
Farm 75.5 72.3 83.2
Nonfarm 1,068.1 1,187.9 1,253.5
Rental income of persons with
CCAdj 485.3 533.0 595.8
Personal income receipts on
assets 1,913.9 2,088.6 2,079.7
Personal interest income 1,231.6 1,255.9 1,255.2
Personal dividend income 682.2 832.7 824.5
Personal current transfer
receipts 2,307.9 2,350.7 2,414.5
Government social
benefits to persons 2,257.7 2,307.6 2,372.2
Other current transfer
receipts, from business
(net) 50.2 43.1 42.3
Less: Contributions for
government social insurance,
domestic 917.8 951.2 1,104.5
Less: Personal current taxes 1,400.6 1,503.7 1,661.8
Equals: Disposable personal
income (DPI) 11,801.4 12,384.0 12,505.1
Less: Personal outlays. 11,090.2 11,487.9 11,897.1
Equals: Personal saving 711.1 896.2 608.1
Personal saving as a
percentage of DPI (percent) 6.0 7.2 4.9
Revisions
Personal income. 10.7 143.9 32.2
Less: Personal current taxes -3.4 5.7 3.3
Equals: DPI 14.0 138.2 28.9
Less: Personal outlays -28.9 -70.5 -17.8
Equals: Personal saving 42.9 208.8 46.8
Personal saving as a
percentage of DPI
(percentage points) 0.3 1.6 0.4
Change from preceding
period
2011 2012 2013
Personal income 772.7 685.7 279.2
Compensation of employees 307.6 337.5 238.3
Wages and salaries 255.7 298.9 192.6
Private industries 252.0 295.4 182.8
Government 3.7 3.5 9.8
Supplements to wages and
salaries 52.0 38.5 45.7
Proprietors' income with IVA
and CCAdj 111.0 116.5 76.4
Farm 29.5 -3.2 10.9
Nonfarm 81.4 119.8 65.6
Rental income of persons with
CCAdj 82.5 47.7 62.8
Personal income receipts on
assets 174.3 174.7 -8.9
Personal interest income 36.6 24.3 -0.7
Personal dividend income 137.6 150.5 -8.2
Personal current transfer
receipts 31.0 42.8 63.8
Government social
benefits to persons 23.7 49.9 64.6
Other current transfer
receipts, from business
(net) 7.2 -7.1 -0.8
Less: Contributions for
government social insurance,
domestic -66.3 33.4 153.3
Less: Personal current taxes 209.1 103.1 158.1
Equals: Disposable personal
income (DPI) 563.5 582.6 121.1
Less: Personal outlays. 480.4 397.7 409.2
Equals: Personal saving 83.1 185.1 -288.1
Personal saving as a
percentage of DPI (percent)
Revisions
Personal income. 16.6 133.2 -111.7
Less: Personal current taxes -3.4 9.1 -2.4
Equals: DPI 19.8 124.2 -109.3
Less: Personal outlays -29.2 -41.6 52.7
Equals: Personal saving 49.1 165.9 -162.0
Personal saving as a
percentage of DPI
(percentage points) ... ... ...
CCAdj Capital consumption adjustment
NOTE. Dollar levels are from NIPA table 2.1.
IVA Inventory valuation adjustment
Table 13. 2014 Annual Revision of the National Income and
Product Accounts Revisions to Selected Components and Major
Source Data Incorporated, 2011-2013
Billions of dollars
Line NIPA component Revision in level
2011 2012
1 Gross domestic product. -15.9 -81.4
2 Personal consumption expenditures -22.5 -66.5
3 Goods -6.2 -27.8
4 Durable goods -4.6 -10.6
5 Motor vehicles and parts -5.2 -6.6
Of which:
6 Net purchases of used -5.4 -6.7
motor vehicles
7 Furnishings and durable 0.6 -4.0
household equipment
Of which:
8 Furniture and furnishings 0.4 -3.6
9 Recreational goods and vehicles -0.1 0.3
10 Other durable goods 0.3 -0.2
11 Nondurable goods -1.7 -17.2
12 Food and beverages
purchased for off-premises
consumption.
Of which: -3.9 -8.4
13 Food and nonalcoholic
beverages purchased
for off-premises
consumption -3.7 -8.8
14 Clothing and footwear 0.6 -0.9
15 Gasoline and other energy goods 0.7 -1.5
16 Other nondurable goods 0.9 -6.4
Of which:
17 Recreational items. 0.0 -3.7
18 Services -16.3 -38.6
19 Household consumption
expenditures (for services) -13.4 -36.6
20 Housing and utilities -1.0 -4.9
21 Housing 0.2 -1.7
Of which:
22 Rental of tenant- -0.2 -1.4
occupied nonfarm housing
23 Imputed rental of
owner-occupied nonfarm
housing 0.3 0.5
24 Household utilities -1.2 -3.2
Of which:
25 Natural gas 0.0 -0.2
26 Health care -3.1 7.1
Of which:
27 Physician services 0.0 4.3
28 Paramedical services 0.7 4.4
29 Hospitals -3.1 -3.9
30 Transportation services. -0.1 1.8
Of which:
31 Motor vehicle -0.2 -0.8
maintenance and repair
32 Ground transportation 0.2 3.0
33 Recreation services 0.9 1.8
Of which:
34 Membership clubs,
sports centers,
parks, theaters,
and museums 0.8 1.3
35 Food services and -9.2 -16.7
accommodations
Of which:
36 Purchased meals
and beverages -8.9 -16.1
37 Financial services
and insurance -5.3 -32.6
38 Financial services. -2.8 -8.1
39 Financial services
furnished without
payment -1.5 -2.0
40 Financial service
charges, fees, and
commissions -1.3 -6.2
41 Insurance -2.4 -24.5
Of which:
42 Life insurance -7.4 -9.5
43 Net health insurance 3.4 -15.8
44 Other services 4.5 7.0
45 Communication 2.0 -0.3
Of which:
46 Internet access 0.9 1.4
47 Education services. -4.0 -9.0
Of which:
48 Higher education -4.8 -9.7
49 Professional and 1.9 1.5
other services
50 Personal care and
clothing services 1.3 1.0
51 Social services and
religious activities -0.5 0.2
52 Household maintenance -0.2 -1.3
53 Net foreign travel 3.9 14.9
Of which:
54 Foreign travel
by U.S. residents (2) 7.0 15.5
55 Final consumption expenditures of
NPISH ... -2.0
56 Gross output of ... 2.0
nonprofit institutions
57 Less: Receipts from
sales of goods and
services by nonprofit
institutions 0.9 4.0
58 Gross private domestic investment 7.8 4.0
59 Fixed investment 2.5 5.2
60 Nonresidential 2.2 2.0
61 Structures 1.0 9.6
Of which:
62 Power 0.0 3.2
63 Electric 0.0 2.2
64 Other power 0.0 1.1
65 Petroleum and natural gas -0.9 6.1
66 Equipment 5.5 -3.5
67 Information processing equipment -2.7 -3.7
68 Industrial equipment 8.5 6.1
Of which:
69 Special industry
machinery, n.e.c. 4.8 3.3
70 Transportation equipment 2.1 -3.0
Of which:
71 Light trucks (including
utility vehicles) 0.6 0.5
72 Other equipment -2.4 -2.2
Of which:
73 Construction machinery -5.8 -6.0
74 Less: Sale of equipment scrap,
excluding autos 0.0 0.7
75 Intellectual property products -4.4 -4.0
76 Software 2.2 2.5
77 Research and development -5.2 -8.0
78 Business -3.8 -7.5
79 Manufacturing -2.1 -1.0
Of which:
80 Pharmaceutical
and medicine
manufacturing -1.3 -2.6
81 Nonmanufacturing -1.8 -6.5
82 Scientific research and -0.5 -0.2
development services
83 All other -1.2 -6.4
nonmanufacturing
84 Nonprofit institutions serving
households -1.4 -0.5
85 Entertainment, literary,
and artistic originals -1.4 1.5
86 Residential 0.2 3.1
87 Structures 0.3 3.3
88 Equipment 0.0 -0.2
89 Change in private inventories 5.4 -1.2
90 Farm 8.5 3.0
91 Nonfarm -3.1 -4.3
92 Change in book value -1.1 -4.2
93 Mining, utilities,
and construction -0.5 -1.8
94 Manufacturing 0.0 0.0
95 Wholesale trade -3.6 1.7
96 Merchant wholesale 0.3 -1.0
97 Nonmerchant wholesale -3.9 2.5
98 Retail trade 2.7 1.0
Of which:
99 Motor vehicle and
parts dealers 3.2 1.3
100 Other industries 0.3 -5.1
101 IVA -2.0 -0.1
102 Net exports of goods
and services (2) -11.3 -21.1
103 Exports of goods and services 5.2 -1.7
104 Exports of goods -6.7 -8.8
105 Foods, feeds, and beverages 0.0 0.1
106 Industrial supplies
and materials 0.6 0.1
107 Capital goods,
except automotive 0.9 -0.2
108 Automotive vehicles,
engines, and parts 0.2 0.1
109 Consumer goods,
except food and
automotive -0.3 -0.7
110 Other -8.2 -8.1
111 Exports of services 11.9 7.1
112 Transport (3)
113 Travel (for all
purposes including
education) (3) ... ...
114 Charges for the
use of intellectual
property n.e.c. 2.6 1.3
115 Other business services (3) ... ...
116 Government goods and
services n.e.c. (3) ... ...
117 Other -1.2 -1.4
118 Imports of goods and services 16.5 19.4
119 Imports of goods 10.1 10.6
120 Foods, feeds, and beverages 0.0 0.0
121 Industrial supplies
and materials, except
except petroleum
and products -0.3 -1.1
122 Petroleum and products 0.0 0.4
123 Capital goods, except automotive -0.1 0.1
124 Automotive vehicles,
engines, and parts 0.0 0.0
125 Consumer goods, except
food and automotive -1.6 -0.8
126 Other 12.0 12.0
127 Imports of services 6.3 8.7
128 Transport (3)
129 Travel (for all ... ...
purposes including
education) (3)
130 Charges for the use
of intellectual
property n.e.c. 1.3 -0.4
131 Other business ... ...
services (3)
132 Government goods and
services n.e.c. (3) ... ...
133 Other -3.2 -2.2
134 Government consumption
expenditures
and gross investment 10.0 2.2
135 Federal government -0.6 -4.3
136 National defense 1.1 0.9
137 Consumption expenditures -0.5 -1.5
Of which:
138 Compensation of general
government employees 0.1 -0.5
139 Services 0.2 1.4
140 Less: Own-account 1.2 4.2
investment
141 Gross investment. 1.7 2.4
Of which:
142 Equipment 0.5 -1.1
143 Intellectual property 1.1 3.9
products
Of which:
144 Research and 1.2 3.7
development
145 Nondefense -1.7 -5.2
146 Consumption expenditures -2.0 -6.6
Of which:
147 Nondurable goods -2.1 -4.1
148 Services -1.0 -3.0
149 Gross investment 0.3 1.3
150 State and local 10.6 6.5
151 Consumption expenditures. 7.4 9.7
Of which:
152 Compensation of
general government
employees 3.4 2.2
153 Services -3.6 -4.4
154 Less: Sales to -9.4 -11.9
other sectors
155 Gross investment 3.3 -3.3
Of which:
156 Structures 5.3 -1.1
157 Gross domestic product -15.9 -81.4
158 Less: Statistical discrepancy (40 15.4 -192.2
159 Equals: Gross domestic income -31.2 110.7
160 Compensation of employees, paid -9.5 -5.1
161 Wages and salaries -5.6 5.4
162 To persons (2) -5.5 5.2
163 To the rest of the world (2) 0.0 0.2
164 Supplements to wages and salaries -3.9 -10.5
165 Taxes on production and imports 5.5 9.1
166 Less: Subsidies 0.1 0.7
167 Net operating surplus -25.3 120.0
168 Private enterprises -24.4 117.6
169 Current surplus of
government enterprises -0.7 2.4
170 Consumption of fixed capital -2.0 -12.7
171 Private -3.3 -15.1
172 Domestic business. 1.2 -9.7
173 Capital consumption
allowances -13.8 68.5
174 Less: CCAdj (5) -15.1 78.2
175 Households and institutions -4.7 -5.4
176 Government 1.5 2.4
177 Plus: Income receipts
from the rest of the
world (2)
178 Less: Income payments -10.2 -24.8
to the rest of the
world (2) 3.9 0.8
179 Equals: Gross national income -45.4 85.2
180 Less: Consumption of fixed capital -2.0 -12.7
181 Equals: National income -43.4 97.9
182 Compensation of employees -9.5 -5.1
183 Wages and salaries -5.5 5.3
184 Government 0.4 1.0
185 Other (2) -5.9 4.4
186 Supplements to wages and salaries -3.9 -10.5
187 Employer contributions
for employee
pension and insurance funds -3.4 -10.1
188 Employer contributions
for government
social insurance -0.5 -0.4
189 Proprietors' income with -11.4 35.3
IVA and CCAdj
190 Farm 2.9 -3.1
191 Proprietors' income with IVA 2.9 -3.1
192 CCAdj 0.0 0.1
193 Nonfarm -14.5 38.3
194 Proprietors' income -6.5 26.8
195 IVA -1.2 0.2
196 CCAdj -6.8 11.4
197 Rental income of 0.9 -8.2
persons with CCAdj
198 Rental income of persons 1.0 -8.2
199 CCAdj 0.0 0.0
200 Corporate profits -61.1 13.3
with IVA and CCAdj
201 Domestic industries -46.5 30.5
202 Financial 0.1 29.5
203 Nonfinancial -46.6 0.9
204 Rest of the world (2) -14.7 -17.1
205 Less: CCAdj -8.3 66.7
206 Equals: Corporate profits with IVA -52.8 -53.4
207 Domestic industries -38.2 -36.3
208 Financial -8.2 11.5
209 Federal Reserve banks 0.0 0.0
210 Other financial -8.1 11.5
211 Nonfinancial -30.0 -47.8
212 Utilities -1.3 -24.2
213 Manufacturing -5.8 -0.1
214 Durable goods -3.1 7.1
215 Nondurable goods -2.7 -7.2
216 Wholesale trade -1.9 -1.2
217 Retail trade -1.8 8.0
218 Transportation
and warehousing -1.7 0.4
219 Information -3.6 -9.5
220 Other nonfinancial -13.8 -21.2
221 Rest of the world (2) -14.7 -17.1
222 Less: IVA -12.3 0.5
223 Equals: Corporate profits before
tax without IVA and CCAdj -40.6 -53.9
224 Less: Taxes on corporate income 4.9 20.0
225 Equals: Profits after tax -45.4 -73.9
226 Less: Net corporate dividend payments 2.1 86.8
227 Equals: Undistributed
corporate profits -47.6 -160.7
228 Net interest and
miscellaneous payments 31.2 52.1
229 Net interest 31.0 51.1
230 Domestic business. 30.4 58.2
Of which:
231 Monetary interest paid -4.4 33.8
232 Less: Monetary
interest received 10.2 20.1
233 Imputed interest paid,
depositor, insurance,
and pension services 52.0 50.7
Of which:
234 Life insurance carriers 5.0 14.5
235 Employee pension plans 39.7 35.3
236 Less: Imputed interest
received, depositor,
insurance, and pension
services 7.8 5.4
237 Owner-occupied housing 0.1 1.0
238 Nonprofit institutions 0.0 0.0
239 Rest of the world (2) 0.5 -8.3
240 Miscellaneous payments 0.1 1.0
241 Federal rents and royalties. -0.2 0.6
242 State and local rents
and royalties 0.3 0.4
243 Taxes on production and imports 5.5 9.1
244 Federal 0.0 -3.0
245 State and local 5.5 12.1
246 Less: Subsidies 0.1 0.7
247 Federal 0.1 0.8
248 State and local 0.0 0.0
249 Business current transfer
payments (net) 1.9 -0.2
250 To persons (net) 3.5 1.7
251 To government (net) -0.9 1.3
252 To the rest of the
world (net) (2) 1.0 -3.2
253 Current surplus of government
enterprises 0.1 2.4
254 Federal 0.2 4.3
255 State and local -0.9 -1.9
Addenda:
256 Gross national product -30.0 -106.9
257 Gross saving -25.8 153.3
258 Personal income 10.7 143.9
259 Compensation of employees -9.5 -5.1
260 Proprietors' income with
IVA and CCAdj -11.4 35.3
261 Rental income of persons with CCAdj 0.9 -8.2
262 Personal income receipts on assets 29.3 130.1
263 Personal interest income 27.5 44.3
264 Personal dividend income (2) 1.7 85.8
265 Personal current transfer receipts 1.0 -7.6
266 Government social benefits
to persons -2.6 -9.2
267 Federal -0.9 -5.5
268 State and local -1.6 -3.7
269 Other current transfer
receipts, from
business (net) 3.5 1.7
270 Less: Contributions
for government social
insurance, domestic -0.4 0.5
271 Federal -0.3 0.3
272 State and local -0.1 0.2
273 Less: Personal current taxes. -3.4 5.7
274 Federal -0.4 -0.2
275 State and local -2.9 5.9
276 Equals: Disposable personal income 14.0 138.2
277 Less: Personal outlays -28.9 -70.5
278 Personal consumption expenditures -22.5 -66.5
279 Personal interest payments -6.6 -6.8
280 Personal current
transfer payments 0.1 2.7
281 To government 0.2 1.5
282 To the rest of the
world (net) (2) 0.0 1.2
283 Equals: Personal saving 42.9 208.8
Billions of dollars
Revision Revised
Line NIPA component in level level
2013 2013
1 Gross domestic product. -31.6 16,768.1
2 Personal consumption expenditures -17.2 11,484.3
3 Goods -34.7 3,851.2
4 Durable goods -13.7 1,249.3
5 Motor vehicles and parts -6.8 417.7
Of which:
6 Net purchases of used -7.7 104.7
motor vehicles
7 Furnishings and durable -4.9 280.9
household equipment
Of which:
8 Furniture and furnishings -4.3 165.6
9 Recreational goods and vehicles 0.9 348.7
10 Other durable goods -3.0 202.0
11 Nondurable goods -21.0 2,601.9
12 Food and beverages
purchased for off-premises
consumption.
Of which: -11.8 872.2
13 Food and nonalcoholic
beverages purchased
for off-premises
consumption -9.6 747.0
14 Clothing and footwear -2.0 360.7
15 Gasoline and other
energy goods -0.4 408.3
16 Other nondurable goods -6.8 960.7
Of which:
17 Recreational items. -3.5 142.6
18 Services 17.5 7,633.2
19 Household consumption
expenditures (for services) 1.3 7,327.5
20 Housing and utilities 3.8 2,086.3
21 Housing 12.4 1,780.9
Of which:
22 Rental of tenant- -4.8 445.5
occupied nonfarm housing
23 Imputed rental of
owner-occupied nonfarm
housing 17.6 1,309.1
24 Household utilities -8.5 305.5
Of which:
25 Natural gas -5.0 51.1
26 Health care 1.7 1,920.3
Of which:
27 Physician services 7.9 456.3
28 Paramedical services 2.5 298.9
29 Hospitals -12.3 893.0
30 Transportation services. 8.3 332.6
Of which:
31 Motor vehicle 7.3 169.0
maintenance and repair
32 Ground transportation 4.7 42.3
33 Recreation services 8.8 436.0
Of which:
34 Membership clubs,
sports centers,
parks, theaters,
and museums 7.9 160.9
35 Food services and -21.8 714.7
accommodations
Of which:
36 Purchased meals
and beverages -21.3 594.0
37 Financial services
and insurance -22.5 826.7
38 Financial services. 2.0 517.1
39 Financial services
furnished without
payment 5.3 271.2
40 Financial service
charges, fees, and
commissions -3.4 245.9
41 Insurance -24.5 309.6
Of which:
42 Life insurance -10.4 95.0
43 Net health insurance -15.3 145.1
44 Other services 23.0 1,010.9
45 Communication 6.5 266.6
Of which:
46 Internet access 6.8 91.1
47 Education services. -8.3 267.8
Of which:
48 Higher education -8.6 182.4
49 Professional and 1.1 173.2
other services
50 Personal care and
clothing services 5.7 127.3
51 Social services and
religious activities 3.2 154.1
52 Household maintenance -0.4 67.9
53 Net foreign travel 15.4 -45.9
Of which:
54 Foreign travel
by U.S. residents (2) 15.7 130.2
55 Final consumption expenditures of
NPISH 16.1 305.6
56 Gross output of 7.7 1,242.9
nonprofit institutions
57 Less: Receipts from
sales of goods and
services by nonprofit
institutions -8.5 937.2
58 Gross private domestic investment -22.0 2,648.0
59 Fixed investment 9.9 2,573.9
60 Nonresidential 6.9 2,054.0
61 Structures 0.8 457.2
Of which:
62 Power 0.6 78.5
63 Electric -6.0 54.8
64 Other power 6.6 23.8
65 Petroleum and natural gas 0.8 130.1
66 Equipment 10.0 949.7
67 Information processing equipment -3.6 286.5
68 Industrial equipment 7.0 209.8
Of which:
69 Special industry
machinery, n.e.c. 4.1 44.4
70 Transportation equipment 9.3 228.2
Of which:
71 Light trucks (including
utility vehicles) 12.7 77.5
72 Other equipment -2.5 235.8
Of which:
73 Construction machinery -6.4 61.4
74 Less: Sale of equipment scrap,
excluding autos 0.3 10.6
75 Intellectual property products -3.9 647.1
76 Software 0.1 294.5
77 Research and development -5.8 274.9
78 Business -5.5 254.5
79 Manufacturing -0.9 210.5
Of which:
80 Pharmaceutical
and medicine
manufacturing -4.4 61.6
81 Nonmanufacturing -4.5 44.1
82 Scientific research and -1.3 8.2
development services
83 All other -3.2 35.9
nonmanufacturing
84 Nonprofit institutions serving
households -0.3 20.4
85 Entertainment, literary,
and artistic originals 1.9 77.7
86 Residential 3.0 519.9
87 Structures 3.3 510.8
88 Equipment -0.2 9.1
89 Change in private inventories -32.0 74.1
90 Farm -28.0 12.4
91 Nonfarm -4.0 61.7
92 Change in book value 0.8 67.6
93 Mining, utilities,
and construction 1.7 3.1
94 Manufacturing -1.4 13.2
95 Wholesale trade -0.5 19.2
96 Merchant wholesale -0.5 19.0
97 Nonmerchant wholesale 0.1 0.3
98 Retail trade -0.1 31.5
Of which:
99 Motor vehicle and
parts dealers 2.0 18.6
100 Other industries 1.2 0.6
101 IVA -4.8 -5.9
102 Net exports of goods
and services (2) -10.9 -508.2
103 Exports of goods and services 2.3 2,262.2
104 Exports of goods -4.2 1,562.8
105 Foods, feeds, and beverages 4.1 136.2
106 Industrial supplies
and materials -0.3 492.1
107 Capital goods,
except automotive -0.3 534.6
108 Automotive vehicles,
engines, and parts 0.5 152.6
109 Consumer goods,
except food and
automotive -0.3 188.4
110 Other -7.8 59.1
111 Exports of services 6.5 699.4
112 Transport (3) 87.3
113 Travel (for all
purposes including
education) (3) ... 173.1
114 Charges for the
use of intellectual
property n.e.c. 0.6 129.2
115 Other business services (3) ... 273.3
116 Government goods and
services n.e.c. (3) ... 23.6
117 Other -1.6 12.9
118 Imports of goods and services 13.2 2,770.4
119 Imports of goods 6.3 2,302.3
120 Foods, feeds, and beverages -0.1 116.0
121 Industrial supplies
and materials, except
except petroleum
and products -0.6 291.2
122 Petroleum and products 0.9 387.6
123 Capital goods, except automotive 0.2 557.8
124 Automotive vehicles,
engines, and parts -0.4 309.6
125 Consumer goods, except
food and automotive -2.0 533.9
126 Other 8.2 106.1
127 Imports of services 6.9 468.1
128 Transport (3) 90.8
129 Travel (for all ... 104.7
purposes including
education) (3)
130 Charges for the use
of intellectual
property n.e.c. -2.9 39.0
131 Other business ... 202.3
services (3)
132 Government goods and
services n.e.c. (3) ... 25.3
133 Other -2.1 6.0
134 Government consumption
expenditures
and gross investment 18.4 3,143.9
135 Federal government -14.4 1,231.5
136 National defense -0.8 769.9
137 Consumption expenditures 4.4 616.4
Of which:
138 Compensation of general
government employees -5.2 240.6
139 Services 13.4 173.4
140 Less: Own-account 3.3 23.1
investment
141 Gross investment. -5.2 153.5
Of which:
142 Equipment -3.6 78.3
143 Intellectual property -1.6 68.7
products
Of which:
144 Research and -1.6 61.0
development
145 Nondefense -13.5 461.6
146 Consumption expenditures -12.4 346.6
Of which:
147 Nondurable goods -6.0 22.3
148 Services -8.7 80.5
149 Gross investment -1.1 115.0
150 State and local 32.8 1,912.4
151 Consumption expenditures. 36.4 1,584.5
Of which:
152 Compensation of
general government
employees 19.8 1,206.4
153 Services 0.7 383.8
154 Less: Sales to -11.1 433.4
other sectors
155 Gross investment -3.7 327.8
Of which:
156 Structures -3.3 255.5
157 Gross domestic product -31.6 16,768.1
158 Less: Statistical discrepancy (40 -80.5 -211.9
159 Equals: Gross domestic income 48.8 16,980.0
160 Compensation of employees, paid -14.1 8,853.6
161 Wages and salaries -12.2 7,133.6
162 To persons (2) -12.9 7,118.0
163 To the rest of the world (2) 0.7 15.6
164 Supplements to wages and salaries -1.8 1,720.1
165 Taxes on production and imports 15.7 1,162.4
166 Less: Subsidies 1.5 60.2
167 Net operating surplus 67.9 4,396.8
168 Private enterprises 57.5 4,426.4
169 Current surplus of
government enterprises 10.5 -29.6
170 Consumption of fixed capital -19.4 2,627.2
171 Private -20.6 2,120.8
172 Domestic business. -13.8 1,693.7
173 Capital consumption
allowances 32.5 1,706.4
174 Less: CCAdj (5) 46.3 12.7
175 Households and institutions -6.9 427.1
176 Government 1.3 506.4
177 Plus: Income receipts
from the rest of the
world (2)
178 Less: Income payments -16.9 810.4
to the rest of the
world (2) 16.6 586.1
179 Equals: Gross national income 15.4 17,204.3
180 Less: Consumption of fixed capital -19.4 2,627.2
181 Equals: National income 34.7 14,577.1
182 Compensation of employees -14.6 8,844.8
183 Wages and salaries -12.8 7,124.7
184 Government 13.1 1,208.1
185 Other (2) -25.9 5,916.6
186 Supplements to wages and salaries -1.8 1,720.1
187 Employer contributions
for employee
pension and insurance funds 3.3 1,193.9
188 Employer contributions
for government
social insurance -5.1 526.1
189 Proprietors' income with -12.2 1,336.6
IVA and CCAdj
190 Farm -44.4 83.2
191 Proprietors' income with IVA -44.6 88.9
192 CCAdj 0.0 -5.8
193 Nonfarm 32.3 1,253.5
194 Proprietors' income 15.1 1,087.4
195 IVA 0.7 0.4
196 CCAdj 16.4 165.6
197 Rental income of 5.2 595.8
persons with CCAdj
198 Rental income of persons 5.0 611.2
199 CCAdj 0.2 -15.4
200 Corporate profits 4.8 2,106.9
with IVA and CCAdj
201 Domestic industries 17.8 1,703.8
202 Financial 33.5 490.0
203 Nonfinancial -15.8 1,213.8
204 Rest of the world (2) -12.9 403.1
205 Less: CCAdj 29.5 -131.8
206 Equals: Corporate profits with IVA -24.7 2,238.7
207 Domestic industries -11.8 1,835.6
208 Financial 21.5 533.5
209 Federal Reserve banks -5.7 79.6
210 Other financial 27.2 453.9
211 Nonfinancial -33.2 1,302.1
212 Utilities -22.0 20.9
213 Manufacturing 1.8 402.4
214 Durable goods 4.9 206.3
215 Nondurable goods -3.1 196.1
216 Wholesale trade 2.3 154.5
217 Retail trade 10.0 171.2
218 Transportation
and warehousing 3.9 62.6
219 Information -16.2 108.3
220 Other nonfinancial -13.0 382.2
221 Rest of the world (2) -12.9 403.1
222 Less: IVA 3.6 3.3
223 Equals: Corporate profits before
tax without IVA and CCAdj -28.4 2,235.3
224 Less: Taxes on corporate income 55.4 474.3
225 Equals: Profits after tax -83.8 1,761.1
226 Less: Net corporate dividend payments 57.6 959.6
227 Equals: Undistributed
corporate profits -141.3 801.5
228 Net interest and
miscellaneous payments 30.6 499.8
229 Net interest 30.9 478.0
230 Domestic business. 343.2
Of which:
231 Monetary interest paid ... 1,290.6
232 Less: Monetary
interest received ... 1,660.2
233 Imputed interest paid,
depositor, insurance,
and pension services ... 887.4
Of which:
234 Life insurance carriers ... 248.8
235 Employee pension plans ... 360.9
236 Less: Imputed interest
received, depositor,
insurance, and pension
services ... 244.0
237 Owner-occupied housing ... 295.6
238 Nonprofit institutions ... 9.2
239 Rest of the world (2) ... -169.8
240 Miscellaneous payments -0.4 21.7
241 Federal rents and royalties. -0.9 9.0
242 State and local rents
and royalties 0.5 12.7
243 Taxes on production and imports 15.7 1,162.4
244 Federal 0.7 120.9
245 State and local 15.1 1,041.6
246 Less: Subsidies 1.5 60.2
247 Federal 1.5 59.7
248 State and local 0.0 0.5
249 Business current transfer
payments (net) -3.8 120.6
250 To persons (net) -2.3 42.3
251 To government (net) 10.2 89.0
252 To the rest of the
world (net) (2) -11.8 -10.8
253 Current surplus of government
enterprises 10.5 -29.6
254 Federal 9.4 -15.3
255 State and local 1.0 -14.3
Addenda:
256 Gross national product -65.1 16,992.4
257 Gross saving 18.3 3,034.1
258 Personal income 32.2 14,166.9
259 Compensation of employees -14.6 8,844.8
260 Proprietors' income with
IVA and CCAdj -12.2 1,336.6
261 Rental income of persons with CCAdj 5.2 595.8
262 Personal income receipts on assets 82.0 2,079.7
263 Personal interest income 26.0 1,255.2
264 Personal dividend income (2) 56.0 824.5
265 Personal current transfer receipts -29.8 2,414.5
266 Government social benefits
to persons -27.5 2,372.2
267 Federal -31.4 1,806.8
268 State and local 4.0 565.4
269 Other current transfer
receipts, from
business (net) -2.3 42.3
270 Less: Contributions
for government social
insurance, domestic -1.5 1,104.5
271 Federal -1.6 1,086.9
272 State and local 0.2 17.7
273 Less: Personal current taxes. 3.3 1,661.8
274 Federal 4.0 1,286.8
275 State and local -0.7 375.0
276 Equals: Disposable personal income 28.9 12,505.1
277 Less: Personal outlays -17.8 11,897.1
278 Personal consumption expenditures -17.2 11,484.3
279 Personal interest payments -0.8 247.1
280 Personal current
transfer payments 0.2 165.6
281 To government 1.0 91.4
282 To the rest of the
world (net) (2) -0.7 74.3
283 Equals: Personal saving 46.8 608.1
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 used Revised trade source
motor vehicles data on cars in
operation for 2011;
revised trade source
data on cars and
trucks in operation
for 2012; new trade
source data on cars
and trucks in
operation for 2013;
revised Census
Bureau monthly
retail trade survey
(MRTS) data on
retail sales of used
motor vehicle
dealers for 2013.
7 Furnishings and durable
household equipment
Of which:
8 Furniture and furnishings Revised Census
Bureau annual retail
trade survey (ARTS)
data for 2011; new
ARTS data for 2012;
revised MRTS data
for 2013.
9 Recreational goods and vehicles
10 Other durable goods
11 Nondurable goods
12 Food and beverages
purchased for off-premises
consumption.
Of which:
13 Food and nonalcoholic
beverages purchased
for off-premises Revised ARTS data
consumption for 2011; new ARTS
data for 2012;
revised MRTS data
for 2013; revised
trade source retail
scanner data for
2011 and 2012; new
trade source retail
scanner data for
2013.
14 Clothing and footwear
15 Gasoline and other energy goods
16 Other nondurable goods
Of which:
17 Recreational items. Revised ARTS data
for 2011; new ARTS
data for 2012;
revised MRTS data
for 2013.
18 Services
19 Household consumption
expenditures (for services)
20 Housing and utilities
21 Housing
Of which:
22 Rental of tenant- Revised Census
occupied nonfarm housing Bureau current
population survey/
housing vacancy
survey (CPS/HVS)
household data for
2011 and 2012; new
CPS/HVS data for
2013; revised Bureau
of Economic Analysis
(BEA) household
utilities data for
2011 and 2012; new
BEA household
utilities data for
2013; new Bureau of
Labor Statistics
(BLS) consumer
expenditure survey
data on tenant
expenditures for
2012.
23 Imputed rental of
owner-occupied nonfarm
housing Revised CPS/HVS data
for 2011 and 2012;
new CPS/HVS data for
2013; revised BEA
real housing stock
data for 2011 and
2012; new real
housing stock data
for 2013.
24 Household utilities
Of which:
25 Natural gas Revised Energy
Information
Administration (EIA)
residential quantity
and price data for
2012; new EIA data
for 2013.
26 Health care
Of which:
27 Physician services Revised Census
Bureau service
annual survey (SAS)
taxable and tax-
exempt revenue data
for 2011 and 2012;
new SAS data for
2013.
28 Paramedical services Revised SAS taxable
and tax-exempt
revenue data for
2011 and 2012; new
SAS data for 2013.
29 Hospitals Revised SAS taxable
and tax-exempt
revenue data for
2011 and 2012; new
SAS data for 2013.
30 Transportation services
Of which:
31 Motor vehicle Revised SAS taxable
maintenance and repair revenue data for
2011 and 2012; new
SAS data for 2013;
new ARTS data for
2012; revised MRTS
data for 2013.
32 Ground transportation Revised SAS taxable
revenue data for
2011 and 2012; new
SAS data for 2013;
new annual trade
source data on
passenger revenue
for 2012; revised
monthly trade source
data on passenger
revenue for 2013.
33 Recreation services
Of which:
34 Membership clubs, Revised SAS taxable
sports centers, revenue data and
parks, theaters, admissions revenue
and museums data for 2011 and
2012; new SAS data
for 2013.
35 Food services and
accommodations
Of which:
36 Purchased meals Revised ARTS data
and beverages for 2011; new ARTS
data for 2012;
revised MRTS data
for 2013.
37 Financial services
and insurance
38 Financial services.
39 Financial services Revised Federal
furnished without Reserve Board (FRB)
payment financial accounts
of the United States
data for 2011 and
2012; new FRB data
for 2013; revised
Internal Revenue
Service (IRS)
tabulations of
corporate tax return
data for 2011; new
IRS tabulations of
corporate and of
sole proprietorship
and partnership tax
return data for
2012; new Federal
Deposit Insurance
Corporation (FDIC)
data for 2013; new
trade source data on
credit unions and on
investment companies
for 2013.
40 Financial service Revised SAS product
charges, fees, and revenue data on
commissions portfolio management
and investment
advice services for
2011 and 2012; new
SAS data for 2013;
revised FRB
financial accounts
of the United States
data for 2011 and
2012; new FRB data
for 2013.
41 Insurance
Of which:
42 Life insurance Revised trade source
data on life
insurance company
expenses for 2011;
new trade source
data for 2012; new
BLS quarterly census
of employment and
wages data for 2013.
43 Net health insurance Revised benefits-
to-premiums ratio
based on new trade
source data on
medical insurance
for 2012; revised
trade source data on
workers'
compensation
insurance for 2012;
new trade source
data on workers'
compensation
insurance for 2013.
44 Other services
45 Communication
Of which:
46 Internet access Revised SAS product
revenue data on
Internet access for
2011 and 2012; new
SAS data for 2013.
47 Education services.
Of which:
48 Higher education Revised Census
Bureau government
finances fiscal year
(FY) 2011
tabulations of state
and local government
sales of higher
education services
for 2011; new FY
2012 tabulations for
2011 and 2012; new
National Center for
Education Statistics
data on tuition and
fees for private
higher education
services for 2012.
49 Professional and
other services
50 Personal care and Revised SAS taxable
clothing services revenue data for
2011 and 2012; new
SAS data for 2013.
51 Social services and
religious activities
52 Household maintenance
53 Net foreign travel
Of which:
54 Foreign travel Improved methodology
by U.S. residents (2) for estimating
personal travel
imports; revised
55 Final consumption expenditures of BEA international
transactions
accounts estimates
for 1999-2013.
NPISH
56 Gross output of Revised SAS tax-
nonprofit institutions exempt expenses data
for 2011 and 2012;
new SAS data for
2013.
57 Less: Receipts from See entries for
sales of goods and components under
services by nonprofit Household
institutions consumption
expenditures (for
services), line 19.
58 Gross private domestic investment
59 Fixed investment
60 Nonresidential
61 Structures
Of which:
62 Power Revised Census
63 Electric Bureau construction
spending (value-
put-in-place) data
for 2012 and 2013.
Revised Census
64 Other power Bureau construction
spending (value-
putin-place) da ta
for 2012 and 2013.
65 Petroleum and natural gas Revised trade source
data on footage
drilled for 2011-
2013; new Census
66 Equipment Bureau annual
capital expenditures
survey data for
2012.
67 Information processing equipment
68 Industrial equipment
Of which:
69 Special industry
machinery, n.e.c. Revised Census
Bureau annual survey
of manufactures
(ASM) data for 2011;
revised Census
Bureau monthly
industry shipments
data for 2012 and
2013; revised BEA
annual input-output
accounts data for
2011 and 2012.
70 Transportation equipment
Of which:
71 Light trucks (including New trade source
utility vehicles) data on trucks in
operation for 2013.
72 Other equipment
Of which:
73 Construction machinery Revised ASM data for
2011; revised Census
Bureau monthly
industry shipments
data for 2012 and
2013; revised BEA
annual input-output
accounts data for
2011 and 2012.
74 Less: Sale of equipment scrap,
excluding autos
75 Intellectual property products
76 Software
77 Research and development
78 Business
79 Manufacturing
Of which:
80 Pharmaceutical New National Science
and medicine Foundation (NSF) FY
manufacturing 2010 and FY 2011
survey of state
government research
and development
expenditures data
for 2011; revised
service annual
survey (SAS) data on
expenses and
receipts of tax-
exempt scientific
research and
development services
establishments for
2011 ; new SAS data
for 2012; new NSF
business research
and development and
innovation survey
data for 2012.
81 Nonmanufacturing
82 Scientific research and
development services
83 All other New NSF FY 2010 and
nonmanufacturing FY 2011 survey of
state government
research and
development
expenditures data
for 2011; revised
SAS data on expenses
and receipts of tax-
exempt scientific
research and
development services
establishments for
2011 ; new SAS data
for 2012; new NSF
business research
and development and
innovation survey
data for 2012.
84 Nonprofit institutions serving
households
85 Entertainment, literary,
and artistic originals
86 Residential
87 Structures
88 Equipment
89 Change in private inventories
90 Farm Revised U.S.
Department of
Agriculture (USDA)
data for 2011-2013.
91 Nonfarm
92 Change in book value Revised Census
Bureau annual
wholesale trade
survey (AWTS) data
on inventory book
values for 2011; new
AWTS data for 2012;
revised Census
Bureau annual retail
trade survey (ARTS)
data on inventory
book values for
2011; new ARTS data
for 2012; revised
Census Bureau
monthly inventory
data for 2013.
93 Mining, utilities,
and construction
94 Manufacturing
95 Wholesale trade
96 Merchant wholesale
97 Nonmerchant wholesale
98 Retail trade
Of which:
99 Motor vehicle and
parts dealers
100 Other industries
101 IVA Revised AWTS and
ARTS data on
accounting methods
used for inventory
reporting for 2011;
new AWTS and ARTS
data for 2012;
revised BEA unit
labor cost indexes
for 2011-2013.
102 Net exports of goods Comprehensive
and services (2) restructuring and
annual revision of
the BEA
international
transactions
accounts; revised
international
transactions
accounts estimates
for 1999-2013.
103 Exports of goods and services
104 Exports of goods
105 Foods, feeds, and beverages
106 Industrial supplies
and materials
107 Capital goods,
except automotive
108 Automotive vehicles,
engines, and parts
109 Consumer goods,
except food and
automotive
110 Other Revised estimates of
exports of goods
from Puerto Rico for
2011 and 2012; new
exports of goods
from Puerto Rico
estimates for 2013.
111 Exports of services
112 Transport (3) New category
(combines components
previously
classified as
"other"
transportation and
as passenger fares).
113 Travel (for all Redefined category
purposes including (now includes
education) (3) education, medical
services, and
expenditures of
short-term workers
that were previously
classified as
"other" private
services); improved
methodology for
estimating average
expenditures for
travel in the United
States by
nonresidents.
114 Charges for the Renamed category
use of intellectual (previously referred
property n.e.c. to as "royalties and
license fees").
115 Other business services (3) New category
(includes select
components
previously
classified as
"other" private
services). New
category (combines
components
previously
classified as
transfers under
military sales
contracts and as
U.S. government
miscellaneous
services and select
components
previously
classified as
"other" private
services).
116 Government goods and
services n.e.c. (3)
117 Other
118 Imports of goods and services
119 Imports of goods
120 Foods, feeds, and beverages
121 Industrial supplies
and materials, except
except petroleum
and products
122 Petroleum and products
123 Capital goods, except automotive
124 Automotive vehicles,
engines, and parts
125 Consumer goods, except
food and automotive
126 Other Revised estimates of
imports of goods
from Puerto Rico for
2011 and 2012; new
imports of goods
from Puerto Rico
estimates for 2013.
127 Imports of services
128 Transport (3) New category
(combines components
previously
classified as
"other"
transportation and
as passenger fares).
129 Travel (for all Redefined category
purposes including (now includes
education) (3) education, medical
services, and
expenditures of
short-term workers
that were previously
classified as
130 Charges for the use Renamed category
of intellectual (previously referred
property n.e.c. to as "royalties and
license fees").
131 Other business New category
services (3) (includes select
components
previously
classified as
"other" private
services).
132 Government goods and New category
services n.e.c. (3) (combines components
previously
classified as direct
defense expenditures
and as U.S.
government
miscellaneous
services).
133 Other
134 Government consumption
expenditures
and gross investment
135 Federal government
136 National defense Revised allocations
of FY 2011 and FY
2012 Office of
Management and
Budget (OMB) Budget
data for 2011 and
2012; revised FY
2013 OMB Budget data
for 2012 and 2013;
new preliminary FY
2014 OMB Budget data
for 2013.
137 Consumption expenditures
Of which:
138 Compensation of general
government employees
139 Services
140 Less: Own-account New and revised
investment National Science
Foundation (NSF)
survey data for 2011
and 2012; revised FY
2013 and new
preliminary FY 2014
OMB Budget data for
2013.
141 Gross investment.
Of which:
142 Equipment
143 Intellectual property
products
Of which:
144 Research and New and revised NSF
development survey data for 2011
and 2012; revised FY
2013 and new
preliminary FY 2014
OMB Budget data for
2013.
145 Nondefense Revised allocations
of FY 2011 and FY
2012 OMB Budget data
for 2011 and 2012;
revised FY 2013 OMB
Budget data for 2012
and 2013; new
preliminary FY 2014
OMB Budget data for
2013.
146 Consumption expenditures
Of which:
147 Nondurable goods
148 Services
149 Gross investment
150 State and local
151 Consumption expenditures.
Of which:
152 Compensation of Revised BLS
general government quarterly census of
employees employment and wages
(QCEW) data for 2011
and 2012; new QCEW
data for 2013.
153 Services Revised Census
Bureau government
finances FY 2011
tabulations for
2011; new FY 2012
tabulations for 2011
and 2012.
154 Less: Sales to Revised Census
other sectors Bureau government
finances FY 2011
tabulations for
155 Gross investment
Of which:
156 Structures Revised Census
Bureau government
finances FY 2011
tabulations for
2011; new FY 2012
tabulations for 2011
and 2012; revised
Census Bureau
construction
spending (value put
in place) data for
2012 and 2013.
157 Gross domestic product
158 Less: Statistical discrepancy (40
159 Equals: Gross domestic income
160 Compensation of employees, paid See entries for
components under
Compensation of
employees, line 182,
and additional
source data below.
161 Wages and salaries
162 To persons (2) Revised BEA
international
transactions
accounts estimates
for 2003-2013.
163 To the rest of the world (2) Revised BEA
international
transactions
accounts estimates
for 2003-2013.
164 Supplements to wages and salaries See entries for
components under
Taxes on production
and imports, line
243.
165 Taxes on production and imports
166 Less: Subsidies
167 Net operating surplus
168 Private enterprises
169 Current surplus of
government enterprises
170 Consumption of fixed capital
171 Private
172 Domestic business. Revised BEA fixed
investment and price
estimates for 2011-
2013; revised BEA
fixed assets
accounts legal form
of organization
ratios for 2011-
2013.
173 Capital consumption Revised IRS
allowances tabulations of
corporate tax return
data for 2011 ; new
IRS tabulations of
corporate and of
sole proprietorship
and partnership tax
return data for
2012; revised Office
of Tax Analysis
bonus depreciation
estimates for 2011-
2013; revised BEA
fixed investment
estimates for 2011-
2013.
174 Less: CCAdj (5)
175 Households and institutions Revised BEA fixed
investment and price
estimates for 2011-
2013; revised BEA
fixed assets
accounts legal form
of organization
ratios for 2011-
2013.
176 Government
177 Plus: Income receipts Revised BEA
from the rest of the international
world (2) transactions
accounts estimates
for
178 Less: Income payments 2007-2013. Revised
to the rest of the BEA international
world (2) transactions
accounts estimates
for 2003-2013.
179 Equals: Gross national income
180 Less: Consumption of fixed capital See entries for
components under
Consumption of fixed
capital, line 170.
181 Equals: National income
182 Compensation of employees
183 Wages and salaries
184 Government Revised QCEW data
for 2011 and 2012;
new QCEW data for
2013; revised FY
2013 OMB Budget data
for 2012 and 2013;
new preliminary FY
2014 OMB Budget data
for 2013.
185 Other (2) Revised QCEW data
for 2011 and 2012;
new QCEW data for
2013; revised BLS
noncovered
industries data for
2012; revised BEA
international
transactions
accounts estimates
for 2003-2013.
186 Supplements to wages and salaries
187 Employer contributions New Department of
for employee Labor pension data
pension and insurance funds for 2011; revised
Pension Benefit
Guaranty Corporation
(PBGC) data for
2011; new PBGC data
for 2012; revised
FRB financial
accounts of the
United States data
for 2010-2012; new
FRB data for 2013;
revised FY 2011
Census Bureau survey
of public pensions
data for 2011; new
FY 2012 survey of
public pensions data
for 2011 and 2012;
new Department of
Health and Human
Services medical
expenditures panel
survey data for 2012
and 2013.
188 Employer contributions New QCEW data on
for government employer
social insurance contributions for
state unemployment
insurance programs
for 2013.
189 Proprietors' income with
IVA and CCAdj
190 Farm
191 Proprietors' income with IVA Revised USDA data
for 2011-2013.
192 CCAdj
193 Nonfarm
194 Proprietors' income Revised IRS
tabulations of
corporate tax return
data for the
posttabulation and
mining adjustments
for 2011; new IRS
tabulations of sole
proprietorship and
partnership tax
return data for
2012; new Census
Bureau nonfiler
income data for
2012.
195 IVA See entries for
components under
Consumption of fixed
capital, line 170.
196 CCAdj
197 Rental income of
persons with CCAdj
198 Rental income of persons Revised FRB
financial accounts
of the United States
data on residential
mortgage loan
liabilities for
2011/2013; revised
BEA real housing
stock data for 2011
and 2012; new real
housing stock data
for 2013; revised
Census Bureau
current population
survey/housing
vacancy survey (CPS/
HVS) data for 2011
and 2012; new CPS/
HVS data for 2013;
revised IRS
tabulations of
individual tax
return data for
2011; new IRS
tabulations for
2012; revised trade
source data on
insurance for 2011;
new trade source
data on insurance
for 2012.
199 CCAdj
200 Corporate profits
with IVA and CCAdj
201 Domestic industries
202 Financial
203 Nonfinancial
204 Rest of the world (2) Revised BEA
international
transactions
accounts estimates
for 2009-2013.
205 Less: CCAdj See entries for
components under
Consumption of fixed
capital, line 170.
206 Equals: Corporate profits with IVA See entries for
components under
Corporate profits
before tax without
IVA and CCAdj, line
223.
207 Domestic industries
208 Financial
209 Federal Reserve banks
210 Other financial
211 Nonfinancial
212 Utilities
213 Manufacturing
214 Durable goods
215 Nondurable goods
216 Wholesale trade
217 Retail trade
218 Transportation
and warehousing
219 Information
220 Other nonfinancial
221 Rest of the world (2) See entries for
components under
Corporate profits
with IVA and CCAdj,
line 200.
222 Less: IVA
223 Equals: Corporate profits before Revised IRS
tax without IVA and CCAdj tabulations of
corporate tax return
data for 2011 ; new
IRS tabulations for
2012; revised Census
Bureau quarterly
financial report
data for 2013; new
and revised
regulatory and
public financial
reports profits data
for 2013.
224 Less: Taxes on corporate income
225 Equals: Profits after tax
226 Less: Net corporate dividend payments
227 Equals: Undistributed
corporate profits
228 Net interest and
miscellaneous payments
229 Net interest
230 Domestic business.
Of which:
231 Monetary interest paid Revised IRS
tabulations of
corporate tax return
data for 2011 ; new
IRS tabulations of
corporate and of
sole proprietorship
and partnership tax
return data for
2012; revised FRB
financial accounts
of the United States
data on nonfinancial
corporate
liabilities for 2011
and 2012; new FRB
data for 2013;
revised USDa data on
interest paid by
farmers for 2011 and
2012; new USDA data
for 2013; new FDIC
data for 2013; new
trade source data on
credit unions and on
investment companies
for 2013.
232 Less: Monetary New treatment of
interest received defined contribution
pension plans;
revised IRS
tabulations of
corporate tax return
data for 2011; new
IRS tabulations of
corporate and of
sole proprietorship
and partnership tax
return data for
2012; revised FRB
financial accounts
of the United States
data on nonfinancial
corporate assets for
2011 and 2012; new
FRB data for 2013;
new FDIC data for
2013; new trade
source data on
credit unions and on
investment companies
for 2013.
233 Imputed interest paid,
depositor, insurance,
and pension services
Of which:
234 Life insurance carriers New trade source
data on investment
income of life
insurance carriers
for 2012; revised
FRB financial
accounts of the
United States data
on life insurance
company assets for
2011 and 2012; new
FRB data for 2013.
235 Employee pension plans New treatment of
defined contribution
pension plans;
revised PBGC data on
defined benefit
pension plans for
2011; new PBGC data
for 2012; revised FY
2011 Census Bureau
survey of public
pensions data for
2011; new FY 2012
survey of public
pensions data for
2011 and 2012;
revised FRB
financial accounts
of the United States
data for 2011 and
2012; new FRB data
for 2013.
236 Less: Imputed interest
received, depositor,
insurance, and pension
services
237 Owner-occupied housing
238 Nonprofit institutions
239 Rest of the world (2) Revised BEA
international
transactions
accounts estimates
for 2009-2013.
240 Miscellaneous payments
241 Federal rents and royalties.
242 State and local rents
and royalties
243 Taxes on production and imports
244 Federal
245 State and local Revised Census
Bureau government
finances FY 2011
tabulations for
2011; new FY 2012
tabulations for 2011
and 2012; revised FY
2011 and FY 2012
Census Bureau state
government tax
collections data for
2011 and 2012; new
FY 2013 state
government tax
collections data for
2012 and 2013.
246 Less: Subsidies
247 Federal
248 State and local
249 Business current transfer
payments (net)
250 To persons (net)
251 To government (net) Revised FY 2013 OMB
Budget data for 2012
and 2013; new
preliminary FY 2014
OMB Budget data for
2013; new FDIC data
on deposit insurance
premiums for 2011-
2013; revised USDA
data on federal
flood and crop
insurance premiums
for 2012; new USDA
data for 2013.
252 To the rest of the Revised BEA
world (net) (2) international
transactions
accounts estimates
for 2011-2013.
253 Current surplus of government
enterprises
254 Federal Revised FY 2013 OMB
Budget data for 2012
and 2013; new
preliminary FY 2014
OMB Budget data for
2013; new annual
financial reports of
federal enterprises
data for 2013.
255 State and local
Addenda:
256 Gross national product
257 Gross saving
258 Personal income See entries for
components under
National income,
line 181, and
additional sources
below.
259 Compensation of employees
260 Proprietors' income with
IVA and CCAdj
261 Rental income of persons with CCAdj
262 Personal income receipts on assets
263 Personal interest income Revised FRB
financial accounts
of the United States
data for 2011 and
2012; new FRB data
for 2013; revised
IRS tabulations of
corporate tax return
data for 2011; new
IRS tabulations of
corporate and of
sole proprietorship
and partnership tax
return data for
2012; new trade
source data on
investment income of
life insurance
carriers for 2013;
new FDIC data for
2013; new trade
source data on
credit unions and on
investment companies
for 2013; revised
PBGC data on defined
benefit pension
plans for 2011; new
PBGC data for 2012;
revised FY 2011
Census Bureau survey
of public pensions
data for 2011; new
FY 2012 survey of
public pensions data
for 2011 and 2012.
264 Personal dividend income (2) Revised IRS
tabulations of
corporate tax return
data for 2011; new
IRS tabulations for
2012; new and
revised regulatory
agency and public
financial statements
data on dividends
for 2013; revised
BEA international
transactions
accounts estimates
for 2009-2013.
265 Personal current transfer receipts
266 Government social benefits
to persons
267 Federal Revised FY 2013 OMB
Budget data for 2012
and 2013; new
preliminary FY 2014
OMB Budget data for
2013; revised
Department of Labor
data on unemployment
benefits for 2011-
2013; revised
Centers for Medicare
and Medicaid
Services (CMS) data
on incurred Medicare
benefits for 2011
and 2012; new CMS
data for 2013;
revised Department
of the Treasury
Monthly Treasury
Statement (MTS) data
for 2013.
268 State and local Revised Census
Bureau government
finances FY 2011
tabulations for
2011; new FY 2012
tabulations for 2011
and 2012; revised
CMS data on Medicaid
benefits for 2013.
269 Other current transfer
receipts, from
business (net)
270 Less: Contributions
for government social
insurance, domestic
271 Federal
272 State and local
273 Less: Personal current taxes.
274 Federal Revised Social
Security
Administration (SSA)
data on taxable
earnings for 2012;
new SSA data for
2013; revised MTS
data for 2013.
275 State and local Revised Census
Bureau government
finances FY 2011
tabulations for
2011; new FY 2012
tabulations for 2011
and 2012; revised FY
2011 and FY 2012
Census Bureau state
government tax
collections data for
2011 and 2012; new
FY 2013 state
government tax
collections data for
2012 and 2013.
276 Equals: Disposable personal income
277 Less: Personal outlays
278 Personal consumption expenditures
279 Personal interest payments Revised FRB interest
rate data for 2011-
2013; revised FRB
consumer credit
outstanding data for
2011-2013; revised
FRB financial
accounts of the
United States data
for 2011 and 2012;
new financial
accounts of the
United States data
for 2013.
280 Personal current
transfer payments
281 To government
282 To the rest of the
world (net) (2) Revised BEA
283 Equals: Personal saving international
transactions
accounts estimates
for 2011-2013.
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 that this is
the first time that data from a specific source are being
incorporated into the component estimate for a given year,
and "revised" indicates that data from the source were
incorporated previously, and now revised data from that
source are being incorporated. These descriptions also note
major statistical and presen- tational changes.
(2.) Revisions reflect the restructuring and the annual
revision of the BEA international trans- actions accounts
(ITAs); see Jeffrey R. Bogen, Mai-Chi Hoang, Kristy L.
Howell, and Erin M. Whitaker, "Comprehensive Restructuring
and Annual Revision of the U.S. International Trans- actions
Accounts," Survey of Current Business 94 (July 2014): 1-24.
Revisions may also reflect changes previously incorporated
into the ITAs but not into the NIPAs because they affected
years outside of the periods open for revision.
(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 inde- pendently from the income-side measures of
GDI and GNI.
(5.) CCAdj is calculated as capital consumption allowances
less consumption of fixed capital.
Note. For this annual revision of the NIPAs, selected NIPA
components were revised further back in time than the
regular 3 years (that is, 2011-2013) to reflect the
incorporation of methodological and statistical changes,
including the incorporation of revised source data. The new
treatment of defined contribution pension plans impacts the
estimates of interest and dividends beginning with 1968. The
improved methodology for estimating average expendi- tures
for foreign travel impacts the estimates of exports and
imports of travel beginning with 1999. The improved
methodology for estimating personal travel imports impacts
the estimates of consumer spending for foreign travel by
U.S. residents beginning with 1999. For components for
which revisions reflect the incorporation of revised source
data for years prior to 2011, the years impacted by the
revised data are noted in the "Major source data incorporated"
column.
Table A. Summary National Income and Product Accounts, 2013
Account 1. Domestic Income and Product Account
Line Line
1 Compensation of employees, paid 8,853.6
2 Wages and salaries 7,133.6
3 Domestic (3-12) 7,118.0
4 Rest of the world (5-11) 15.6
5 Supplements to wages and salaries (3-14) 1,720.1
6 Taxes on production and imports (4-15) 1,162.4
7 Less: Subsidies (4-8) 60.2
8 Net operating surplus 4,396.8
9 Private enterprises (2-19) 4,426.4
10 Current surplus of government enterprises (4-25) -29.6
ii Consumption of fixed capital (6-14) 2,627.2
12 Gross domestic income 16,980.0
13 Statistical discrepancy (6-20) -211.9
14 Gross domestic product 16,768.1
15 Personal consumption expenditures (3-3) 11,484.3
16 Goods 3,851.2
17 Durable goods 1,249.3
18 Nondurable goods 2,601.9
19 Services 7,633.2
20 Gross private domestic investment 2,648.0
21 Fixed investment (6-2) 2,573.9
22 Nonresidential 2,054.0
23 Structures 457.2
24 Equipment 949.7
25 Intellectual property products 647.1
26 Residential 519.9
27 Change in private inventories (6-4) 74.1
28 Net exports of goods and services -508.2
29 Exports (5-1) 2,262.2
30 Imports (5-9) 2,770.4
31 Government consumption expenditures
and gross investment (4-1
plus 6-3) 3,143.9
32 Federal 1,231.5
33 National defense 769.9
34 Nondefense 461.6
35 State and local 1,912.4
36 Gross domestic product 16,768.1
Account 2. Private Enterprise Income Account
Line
1 Income payments on assets 2,678.8
Interest and miscellaneous payments
2 (2-21 and 3-20 and 4-20 and 5-13) 2,424.8
3 Dividend payments to the rest of the world (5-14) 154.0
4 Reinvested earnings on foreign
direct investment in the United
States (5-15) 100.1
5 Business current transfer payments (net) 120.6
6 To persons (net) (3-24) 42.3
7 To government (net) (4-23) 89.0
8 To the rest of the world (net) (5-19) -10.8
9 Proprietors' income with IVA and CCAdj (3-17) 1,336.6
10 Rental income of persons with CCAdj (3-18) 595.8
11 Corporate profits with IVA and CCAdj 2,106.9
12 Taxes on corporate income 474.3
13 To government (4-16) 440.2
14 To the rest of the world (5-19) 34.1
15 Profits after tax with IVA and CCAdj 1,632.6
16 Net dividends (3-21 plus 4-21) 959.6
17 Undistributed corporate profits
with IVA and CCAdj (6-12) 673.0
18 Uses of private enterprise income 6,838.7
19 Net operating surplus, private enterprises (1-9) 4,426.4
20 Income receipts on assets 2,412.3
21 Interest (2-2 and 3-4 and 4-7 and 5-5) 1,755.2
22 Dividend receipts from the rest of the world (5-6) 286.8
23 Reinvested earnings on US direct
investment abroad (5-7) 370.2
24 Sources of private enterprise income 6,838.7
Account 3. Personal Income and Outlay Account
Line
1 Personal current taxes (4-14) 1,661.8
2 Personal outlays 11,897.1
3 Personal consumption expenditures (1-15) 11,484.3
4 Personal interest payments
(2-21 and 3-20 and 4-20 and
5-13) 247.1
5 Personal current transfer payments 165.6
6 To government (4-24) 91.4
7 To the rest of the world (net) (5-17) 74.3
8 Personal saving (6-11) 608.1
9 Personal taxes, outlays, and saving 14,166.9
10 Compensation of employees, received 8,844.8
11 Wages and salaries 7,124.7
12 Domestic (1-3) 7,118.0
13 Rest of the world (5-3) 6.7
14 Supplements to wages and salaries (1-5) 1,720.1
15 Employer contributions for employee
pension and insurance funds 1,193.9
16 Employer contributions for
government social insurance 526.1
17 Proprietors' income with IVA and CCAdj (2-9) 1,336.6
18 Rental income of persons with CCAdj (2-10) 595.8
19 Personal income receipts on assets 2,079.7
20 Personal interest income (2-2 plus
3-4 plus 4-7 plus 5-5 less
2-21 less 4-20 less 5-13) 1,255.2
21 Personal dividend income (2-16 less 4-21) 824.5
22 Personal current transfer receipts 2,414.5
23 Government social benefits (4-4) 2,372.2
24 From business (net) (2-6) 42.3
25 Less: Contributions for government
social insurance, domestic
(4-18) 1,104.5
26 Personal income 14,166.9
Account 4. Government Receipts and Expenditures Account
Line
1 Consumption expenditures (1-31) 2,547.6
2 Current transfer payments 2,437.5
3 Government social benefits 2,391.1
4 To persons (3-23) 2,372.2
5 To the rest of the world (5-18) 18.9
6 Other current transfer payments to
the rest of the world (net) (5-18) 46.4
7 Interest payments (2-21 and 3-20
and 4-20 and 5-13) 617.7
8 Subsidies (1-7) 60.2
9 Net government saving (6-13) -874.3
10 Federal -649.1
11 State and local -225.1
12 Government current expenditures and net saving 4,788.6
13 Current tax receipts 3,283.6
14 Personal current taxes (3-1) 1,661.8
15 Taxes on production and imports (1-6) 1,162.4
16 Taxes on corporate income (2-13) 440.2
17 Taxes from the rest of the world (5-18) 19.2
18 Contributions for government
social insurance (3-25 and 5-18) 1,109.9
19 Income receipts on assets 244.4
20 Interest and miscellaneous receipts
(2-2 and 3-4 and 4-7 and 5-5) 109.4
21 Dividends (2-16 less 3-21) 135.0
22 Current transfer receipts 180.4
23 From business (net) (2-7) 89.0
24 From persons (3-6) 91.4
25 Current surplus of government enterprises (1-10) -29.6
26 Government current receipts 4,788.6
Account 5. Foreign Transactions Current Account
Line
1 Exports of goods and services (1-29) 2,262.2
2 Income receipts from the rest of the world 810.4
3 Wage and salary receipts (3-13) 6.7
4 Income receipts on assets 803.7
5 Interest (2-21 and 3-20 and 4-20) 146.6
6 Dividends (2-22) 286.8
7 Reinvested earnings on U.S.
direct investment abroad (2-23) 370.2
8 Current receipts from the rest of the world 3,072.6
9 Imports of goods and services (1-30) 2,770.4
10 Income payments to the rest of the world 586.1
11 Wage and salary payments (1-4) 15.6
12 Income payments on assets 570.5
13 Interest (2-2 and 3-4 and 4-7) 316.5
14 Dividends (2-3) 154.0
15 Reinvested earnings on foreign
direct investment in the United
States (2-4) 100.1
16 Current taxes and transfer payments
to the rest of the world (net) 138.3
17 From persons (net) (3-7) 74.3
18 From government (net) (3-25 plus 4-5
plus 4-6 less 4-17 less
4-18) 40.7
19 From business (net) (2-8 plus 2-14) 23.3
20 Balance on current account, NIFAs (7-1) -422.2
21 Current payments to the rest of
the world and balance on
current account, NIPAs 3,072.6
Account 6. Domestic Capital Account
Line
1 Gross domestic investment 3,244.3
2 Private fixed investment (1-21) 2,573.9
3 Government fixed investment (1-31) 596.3
4 Change in private inventories (1-27) 74.1
5 Capital account transactions (net) 0.8
6 Transfer payments for
catastrophic losses (7-3) 0.0
7 Other capital account transactions (7-4) 0.8
8 Net lending or net borrowing (-), NIFAs (7-5) -423.0
9 Gross domestic investment,
capital accounts transactions
(net), and net lending, NIPAs 2,822.2
10 Net saving 406.8
11 Personal saving (3-8) 608.1
12 Undistributed corporate profits
with IVA and CCAdj (2-17) 673.0
13 Net government saving (4-9) -874.3
14 Plus: Consumption of fixed capital (1-11) 2,627.2
15 Private 2,120.8
16 Government 506.4
17 General government 444.4
18 Government enterprises 62.0
19 Equals: Gross saving 3,034.1
20 Statistical discrepancy (1-13) -211.9
21 Gross saving and statistical discrepancy 2,822.2
Account 7. Foreign Transactions Capital Account
Line
1 Balance on current account, NIPAs (5-20) -422.2
2 Capital account transactions (net) 0.8
3 Transfer payments for catastrophic losses (6-6) 0.0
4 Other capital account transactions (6-7) 0.8
5 Net lending or net borrowing (-), NIFAs (6-8) -423.0
6 Capital account transactions (net)
and net lending, NIPAs -422.2
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 counter entry 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 20), and of
interest payments to the rest of the world (account 5, line
13).
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