Appendix B.—Revisions to Summary National Income and Product Accounts

[Billions of dollars]

1959 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
Account 1.—National Income and Product Account
Compensation of employees–.2–2.1–.1–.6–1.8–3.0–.1–.54.2–6.4–13.4–11.530.2
Wage and salary accruals0–2.5–.9–1.3–2.9–3.4–3.8–2.4.3–.8–10.3–8.935.6
Disbursements0–2.5–.9–1.3–2.9–3.4–3.8–4.4–4.0–3.8–4.6–.936.1
Wage accruals less disbursement00000002.04.33.0–5.7–7.8–.5
Supplements to wages and salaries–.2.4.8.71.2.33.62.03.9–5.6–3.2–2.7–5.4
Employer contributions for social insurance–3.0–83.4–84.0–86.7–88.1–92.6–94.6–95.7–98.6–100.8–106.3–110.6–114.1
Other labor income2.883.784.887.489.492.998.297.7102.595.4103.0108.0108.8
Proprietors' income with inventory valuation and capital consumption adjustments–.1–1.23.54.47.07.710.511.05.09.617.027.428.9
Rental income of persons with capital consumption adjustment–2.5–9.0–11.0–11.2–11.9–11.5–16.1–14.8–14.1–15.8–20.5–28.0–25.2
Corporate profits with inventory valuation and capital consumption adjustments.812.121.414.210.318.923.916.92.0–4.13.520.021.5
Corporate profits with inventory valuation adjustment.325.534.829.830.442.949.949.541.937.250.462.070.5
Profits before tax.321.027.628.629.841.945.245.038.332.946.161.564.1
Profits tax liability00.2.2.1.2.1.2.10–2.5–7.8.1
Profits after tax.321.027.528.529.741.845.044.838.232.948.669.364.0
Dividends–.116.218.520.621.731.237.645.552.548.935.858.669.4
Undistributed profits.54.88.97.88.010.57.4–.7–14.3–16.012.710.7–5.4
Inventory valuation adjustment04.57.11.2.6.94.74.53.74.34.3.56.4
Capital consumption adjustment.5–13.3–13.3–15.4–20.1–24.0–26.0–32.7–39.9–41.3–47.0–42.0–49.0
Net interest–.5–10.7–9.5–13.5–14.9–18.2–14.8–28.2–31.8–30.8–32.3–19.5–13.6
National income–2.4–11.04.3–6.7–11.2–6.13.3–15.7–34.6–47.5–45.8–11.641.7
Business transfer payments00–.1–.5–.4–.4–.3–.4.3.6.61.82.0
To persons00000000000.7.6
To the rest of the world0.1–.1–.5–.4–.4–.3–.3.3.6.71.01.4
Indirect business tax and nontax liability04.57.16.04.74.25.07.66.813.413.618.621.7
Less: Subsidies less current surplus of government enterprises0–.9–1.1–1.60–2.1–4.7–1.5–1.4–2.9.6–2.9–6.3
Consumption of fixed capital.241.646.753.361.069.275.285.798.2111.4124.4137.9158.9
Private–.332.635.840.446.452.758.066.476.787.197.8109.0127.5
Government.59.110.812.914.516.517.119.221.524.326.628.931.5
General government.57.99.611.513.014.815.317.219.321.923.925.928.2
Government enterprises01.21.21.31.61.71.82.02.32.52.62.93.3
Gross national income–2.236.159.053.554.168.987.978.772.080.892.2149.5230.6
Less: Income receipts from the rest of the world06.97.18.210.811.513.23.67.87.110.117.116.1
Plus: Income payments to the rest of the world02.11.72.02.92.5.8–2.0–.84.34.44.95.6
Gross domestic income–2.231.353.647.346.360.075.573.163.477.986.5137.2220.0
Statistical discrepancy2.418.75.13.113.29.5–1.111.243.953.065.052.628.9
GROSS DOMESTIC PRODUCT.250.258.750.459.469.574.584.2107.3130.9151.6189.9248.9
Personal consumption expenditures010.86.91.9–7.8–3.9–10.1–4.5–.615.121.830.740.7
Durable goods03.0–.8–5.0–8.9–12.2–17.7–16.8–18.7–21.3–26.8–30.1–26.5
Nondurable goods01.31.81.6.81.21.14.59.623.734.941.146.5
Services06.55.95.4.37.16.57.78.512.813.819.720.7
Gross private domestic investment–.334.347.243.762.064.076.278.989.2100.6110.8127.7164.1
Fixed investment031.439.647.755.661.968.278.388.098.2112.9126.8152.2
Nonresidential031.337.847.254.461.668.278.188.097.4111.5125.4153.1
Structures00.31.11.71.73.03.03.03.38.113.925.9
Equipment and software.131.437.546.152.759.865.275.185.094.1103.4111.6127.2
Residential001.7.51.1.3–.1.20.81.51.3–.9
Change in private inventories–.32.97.6–4.06.52.18.0.61.42.3–2.1.911.9
Net exports of goods and services0–.2–.2–.3–.1–.21.6.23.8–.42.25.11.6
Exports0–.1–.3–.3–.1–.2–2.6–.63.9–.8.42.67.3
Imports000000–4.4–.80–.5–1.9–2.55.7
Government consumption expenditures and gross investment.55.14.95.15.39.66.79.614.915.616.726.442.6
Federal.24.75.35.44.84.86.59.010.912.413.217.618.1
National defense.3.81.92.61.81.02.74.25.96.26.06.58.2
Nondefense–.14.03.52.63.23.83.84.74.96.27.211.09.9
State and local.3.3–.4–.2.44.7.2.74.03.23.68.824.5
GROSS DOMESTIC PRODUCT.250.258.750.459.469.574.584.2107.3130.9151.6189.9248.9
Account 2.—Personal Income and Outlay Account
Personal tax and nontax payments–1.7–11.2–12.3–11.4–15.2–14.3–14.7–15.4–16.5–16.7–20.8–20.7–25.7
Personal outlays012.08.47.71.25.8–.13.87.823.029.437.656.4
Personal consumption expenditures010.86.91.9–7.8–3.9–10.1–4.5–.615.121.830.740.7
Interest paid by persons0004.06.97.07.07.27.07.16.35.213.3
Personal transfer payments to the rest of the world (net).11.21.51.82.12.62.91.11.4.81.31.72.4
Personal saving1.383.997.1107.0121.0128.2149.6140.5138.7122.6113.6150.1202.0
PERSONAL TAXES, OUTLAYS, AND SAVING–.484.793.2103.4107.0119.8134.7129.0130.1128.8122.2167.1232.8
Wage and salary disbursements0–2.5–.9–1.3–2.9–3.4–3.8–4.4–4.0–3.8–4.6–.936.1
Other labor income2.883.784.887.489.492.998.297.7102.595.4103.0108.0108.8
Proprietors' income with inventory valuation and capital consumption adjustments–.1–1.23.54.47.07.710.511.05.09.617.027.428.9
Rental income of persons with capital consumption adjustment–2.5–9.0–11.0–11.2–11.9–11.5–16.1–14.8–14.1–15.8–20.5–28.0–25.2
Personal dividend income–.121.925.228.530.540.647.455.963.761.249.273.185.2
Dividends–.116.218.520.621.731.237.645.552.548.935.858.669.4
Less: Dividends received by government0–5.7–6.7–7.9–8.8–9.3–9.9–10.3–11.2–12.2–13.4–14.5–15.8
Personal interest income.349.755.062.068.072.682.974.574.387.691.2107.6133.0
Net interest–.5–10.7–9.5–13.5–14.9–18.2–14.8–28.2–31.8–30.8–32.3–19.5–13.6
Net interest paid by government.860.464.671.576.183.790.895.599.1111.3117.3121.9133.3
Interest paid by persons0004.06.97.07.07.27.07.16.35.213.3
Transfer payments to persons–2.8–74.7–80.7–85.6–93.4–100.0–106.5–113.4–120.8–130.0–139.2–148.0–165.4
From business00000000000.7.6
From government–2.8–74.7–80.7–85.7–93.4–100.0–106.5–113.3–120.8–130.0–139.1–148.8–166.0
Less: Personal contributions for social insurance–1.9–16.9–17.4–19.2–20.2–20.7–21.8–22.5–23.4–24.8–25.9–28.1–31.5
PERSONAL INCOME–.484.793.2103.4107.0119.8134.7129.0130.1128.8122.2167.1232.8
Account 3.—Government Receipts and Expenditures Account
Consumption expenditures.5–5.7–8.4–9.8–11.0–10.2–7.3–6.8–4.7–4.2–3.73.710.8
Transfer payments–2.8–75.7–81.8–86.7–96.7–101.0–106.9–113.9–121.9–131.6–141.7–151.5–168.8
To persons–2.8–74.7–80.7–85.7–93.4–100.0–106.5–113.3–120.8–130.0–139.1–148.8–166.0
To the rest of the world (net)0–1.0–1.1–1.0–3.3–1.1–.4–.6–1.1–1.6–2.6–2.7–2.8
Net interest paid.860.464.671.576.183.790.895.599.1111.3117.3121.9133.3
Less: Dividends received by government0–5.7–6.7–7.9–8.8–9.3–9.9–10.3–11.2–12.2–13.4–14.5–15.8
Subsidies less current surplus of government enterprises0–.9–1.1–1.60–2.1–4.7–1.5–1.4–2.9.6–2.9–6.3
Less: Wage accruals less disbursements0000000000000
Current surplus or deficit (–), national income and product accounts–5.2–90.6–86.4–92.4–95.8–102.9–107.9–109.5–113.9–114.0–127.7–134.4–134.3
Federal.6–19.0–16.1–16.6–18.3–19.3–16.6–23.4–25.6–17.6–26.5–27.7–25.9
State and local–5.8–71.6–70.3–75.8–77.5–83.6–91.2–85.9–88.2–96.4–101.2–106.6–108.5
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS–6.7–106.9–106.4–111.2–118.7–123.2–126.2–125.8–131.7–129.0–141.9–148.7–149.4
Personal tax and nontax payments–1.7–11.2–12.3–11.4–15.2–14.3–14.7–15.4–16.5–16.7–20.8–20.7–25.7
Corporate profits tax liability00.2.2.1.2.1.2.10–2.5–7.8.1
Indirect business tax and nontax liability04.57.16.04.74.25.07.66.813.413.618.621.7
Contributions for social insurance–5.0–100.2–101.3–106.0–108.4–113.3–116.4–118.2–122.1–125.7–132.2–138.8–145.6
Employer–3.0–83.4–84.0–86.7–88.1–92.6–94.6–95.7–98.6–100.8–106.3–110.6–114.1
Personal–1.9–16.9–17.4–19.2–20.2–20.7–21.8–22.5–23.4–24.8–25.9–28.1–31.5
GOVERNMENT CURRENT RECEIPTS–6.7–106.9–106.4–111.2–118.7–123.2–126.2–125.8–131.7–129.0–141.9–148.7–149.4
Account 4.—Foreign Transactions Account
Exports of goods and services0–.1–.3–.3–.1–.2–2.6–.63.9–.8.42.67.3
Income receipts06.97.18.210.811.513.23.67.87.110.117.116.1
RECEIPTS FROM THE REST OF THE WORLD06.76.87.910.711.410.53.111.66.210.419.723.5
Imports of goods and services000000–4.4–.80–.5–1.9–2.55.7
Income payments02.11.72.02.92.5.8–2.0–.84.34.44.95.6
Transfer payments to the rest of the world (net)0.1.3.2–1.61.12.2.2.7–.2–.6.11.0
From persons (net).11.21.51.82.12.62.91.11.4.81.31.72.4
From government (net)0–1.0–1.1–1.0–3.3–1.1–.4–.6–1.1–1.6–2.6–2.7–2.8
From business0.1–.1–.5–.4–.4–.3–.3.3.6.71.01.4
Net foreign investment04.44.95.79.47.611.85.711.72.68.517.211.1
PAYMENTS TO THE REST OF THE WORLD06.76.87.910.711.410.53.111.66.210.419.723.5
Account 5.—Gross Saving and Investment Account
Gross private domestic investment–.334.347.243.762.064.076.278.989.2100.6110.8127.7164.1
Gross government investment010.813.315.016.419.814.016.419.719.920.422.731.7
Net foreign investment04.44.95.79.47.611.85.711.72.68.517.211.1
GROSS INVESTMENT–.249.665.364.487.791.4102.0101.1120.6123.1139.8167.6206.9
Personal saving1.383.997.1107.0121.0128.2149.6140.5138.7122.6113.6150.1202.0
Wage accruals less disbursements (private)00000002.04.33.0–5.7–7.8–.5
Undistributed corporate profits with inventory valuation and capital consumption adjustments1.0–4.02.8–6.5–11.5–12.6–13.9–28.9–50.6–53.0–29.9–30.8–48.2
Consumption of fixed capital.241.646.753.361.069.275.285.798.2111.4124.4137.9158.9
Private–.332.635.840.446.452.758.066.476.787.197.8109.0127.5
Government.59.110.812.914.516.517.119.221.524.326.628.931.5
General government.57.99.611.513.014.815.317.219.321.923.925.928.2
Government enterprises01.21.21.31.61.71.82.02.32.52.62.93.3
Government current surplus or deficit (–), national income and product accounts–5.2–90.6–86.4–92.4–95.8–102.9–107.9–109.5–113.9–114.0–127.7–134.4–134.3
Statistical discrepancy2.418.75.13.113.29.5–1.111.243.953.065.052.628.9
GROSS SAVING AND STATISTICAL DISCREPANCY–.249.665.364.487.791.4102.0101.1120.6123.1139.8167.6206.9