[Economic Indicators December, 1998]
[Page Number 4]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
                            NATIONAL INCOME

                                        [Billions of dollars; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                       Proprietors' income                  Corporate profits with inventory valuation and
                                                         with inventory       Rental                capital consumption adjustments
                                                          valuation and     income  of --------------------------------------------------------
                                            Compen-    capital consumption    persons              Profits with inventory valuation
                                 National    sation        adjustments         with                  adjustment and without capital   Capital      Net
            Period                income       of    ----------------------   capital                   consumption adjustment        consump-  interest
                                            employ-                          consump-     Total   ----------------------------------    tion
                                             ees\1\                            tion                            Profits    Inventory   adjust-
                                                         Farm     Nonfarm   adjustment               Total      before    valuation     ment
                                                                                                                 tax     adjustment
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991..........................    4,761.6    3,457.9       29.3      347.2        67.9      411.3      378.2      374.2         4.0       33.1     448.0
1992..........................    4,990.4    3,644.9       37.1      386.7        79.4      428.0      398.9      406.4        -7.5       29.1     414.3
1993..........................    5,266.8    3,814.9       32.4      418.4       105.7      492.8      456.9      465.4        -8.5       36.0     402.5
1994..........................    5,590.7    4,012.0       36.9      434.7       124.4      570.5      519.1      535.1       -16.1       51.4     412.3
1995 .........................    5,923.7    4,208.9       22.4      465.6       133.7      672.4      613.0      635.6       -22.6       59.4     420.6
1996 .........................    6,256.0    4,409.0       38.9      488.8       150.2      750.4      679.0      680.2        -1.2       71.4     418.6
1997 .........................    6,646.5    4,687.2       35.5      515.8       158.2      817.9      741.2      734.4         6.9       76.6     432.0
 
1994:III......................    5,636.1    4,028.7       33.2      438.4       130.1      590.1      535.0      556.2       -21.2       55.1     415.6
      IV......................    5,747.3    4,093.9       29.1      447.0       128.9      617.7      560.3      583.9       -23.6       57.4     430.7
 
1995:I .......................    5,816.1    4,150.3       22.8      455.7       131.1      629.3      572.6      610.5       -37.9       56.7     426.9
      II .....................    5,873.3    4,183.6       20.4      462.0       133.3      653.9      595.5      629.4       -33.9       58.3     420.2
      III ....................    5,965.3    4,230.0       19.1      470.7       131.9      698.6      637.4      650.8       -13.4       61.2     415.2
      IV .....................    6,039.8    4,271.6       27.4      474.1       138.7      707.8      646.5      651.8        -5.3       61.3     420.2
 
1996:I .......................    6,119.6    4,303.5       34.8      481.3       145.0      735.9      667.0      669.9        -2.9       68.9     419.2
      II .....................    6,226.8    4,382.4       41.0      487.0       148.4      748.3      677.1      683.4        -6.2       71.2     419.7
      III ....................    6,303.6    4,444.4       43.2      490.3       152.1      755.4      683.0      681.9         1.2       72.3     418.1
      IV .....................    6,373.9    4,505.9       36.7      496.4       155.3      762.0      688.7      685.7         3.0       73.3     417.5
 
1997:I .......................    6,509.0    4,586.3       36.4      504.1       157.5      794.3      720.5      712.4         8.1       73.8     430.4
      II .....................    6,604.5    4,649.2       37.8      512.1       158.0      815.5      740.1      729.8        10.3       75.5     431.8
      III ....................    6,704.8    4,715.5       36.3      520.2       158.6      840.9      763.7      758.9         4.8       77.2     433.3
      IV .....................    6,767.9    4,798.0       31.4      526.6       158.8      820.8      740.7      736.4         4.3       80.1     432.4
 
1998:I .......................    6,875.0    4,882.8       27.4      536.8       158.3      829.2      744.3      719.1        25.3       84.9     440.5
      II .....................    6,945.5    4,945.2       27.7      544.0       161.0      820.6      731.3      723.5         7.8       89.4     447.1
      III r...................    7,032.3    5,011.6       25.2      550.9       163.6      827.0      732.1      720.5        11.7       94.8     454.0
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    \1\ Includes employer 
contributions for social insurance. 
(See also p. 5.)
    Source: Department of Commerce, 
Bureau of Economic Analysis.