[Economic Indicators December, 1999]
[Page Number 3]
[From the U.S. Government Publishing Office, www.gpo.gov]


NONFINANCIAL CORPORATE BUSINESS-OUTPUT, COSTS, AND PROFITS

                                                  [Quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                Gross domestic                Price, costs, and profits per unit of real output (dollars) \1\
                                                  product of     ---------------------------------------------------------------------------------------
                                                 nonfinancial                                                        Corporate profits with
                                              corporate business                                                     inventory valuation and
                                                  (billions of                            Indirect                     capital consumption
                   Period                          dollars)                  Consumption  business  Compensation           adjustments             Net
                                             -------------------- Total \2\   of  fixed     tax,    of employees ------------------------------ interest
                                                         Chained               capital     etc.\3\                          Profits    Profits
                                               Current   (1996)                                                    Total      tax       after
                                               dollars   dollars                                                           liability   tax \4\
--------------------------------------------------------------------------------------------------------------------------------------------------------
1991 .......................................   3,196.5   3,368.0     0.949        0.106      0.107       0.620      0.075      0.025     0.049     0.042
1992 .......................................   3,336.4   3,492.2      .955         .106       .109        .628       .080       .026      .053      .032
1993 .......................................   3,508.8   3,624.8      .968         .107       .110        .632       .090       .029      .061      .029
1994 .......................................   3,791.7   3,869.1      .980         .107       .113        .628       .104       .033      .071      .028
1995 .......................................   4,004.0   4,040.8      .991         .108       .113        .632       .109       .034      .076      .029
1996 .......................................   4,221.5   4,221.5     1.000         .110       .112        .632       .121       .036      .085      .026
1997 .......................................   4,529.8   4,501.0     1.006         .109       .110        .635       .125       .035      .090      .027
1998 .......................................   4,834.6   4,803.4     1.007         .109       .109        .643       .120       .032      .088      .026
 
1996:I .....................................   4,117.2   4,128.3      .997         .110       .113        .630       .119       .035      .084      .026
      II ...................................   4,192.7   4,193.9     1.000         .109       .113        .632       .120       .036      .085      .026
      III ..................................   4,249.8   4,244.7     1.001         .110       .112        .634       .120       .035      .085      .026
      IV ...................................   4,326.5   4,319.2     1.002         .110       .112        .632       .122       .036      .086      .026
 
1997:I .....................................   4,408.6   4,383.8     1.006         .110       .111        .635       .124       .035      .089      .026
      II ...................................   4,483.2   4,452.3     1.007         .109       .111        .635       .124       .035      .090      .027
      III ..................................   4,578.9   4,548.2     1.007         .109       .110        .633       .128       .037      .092      .027
      IV ...................................   4,648.6   4,619.7     1.006         .109       .109        .639       .124       .035      .089      .026
 
1998:I .....................................   4,723.0   4,699.1     1.005         .108       .109        .640       .122       .032      .090      .026
      II ...................................   4,784.7   4,758.4     1.006         .109       .109        .643       .119       .032      .087      .026
      III ..................................   4,882.4   4,844.8     1.008         .109       .108        .644       .121       .032      .089      .026
      IV ...................................   4,948.4   4,911.2     1.008         .109       .111        .646       .116       .030      .085      .025
 
1999:I .....................................   5,028.6   4,981.7     1.009         .109       .109        .647       .119       .032      .087      .025
      II ...................................   5,094.9   5,035.0     1.012         .110       .109        .649       .118       .033      .085      .025
      III r.................................   5,176.6   5,116.7     1.012         .111       .109        .650       .115       .033      .082      .026
--------------------------------------------------------------------------------------------------------------------------------------------------------

    \1\ Output is measured by GDP of 
nonfinancial corporate business in 
chained (1996) dollars.
    \2\ This is equal to the 
deflator for gross domestic product 
of nonfinancial corporate business 
with the decimal point shifted two 
places to the left.
    \3\ Indirect business tax and 
nontax liability plus business 
transfer payments less subsidies.
    \4\ With inventory valuation and 
capital consumption adjustments.


    Source: Department of Commerce, 
Bureau of Economic Analysis.