[Economic Indicators September, 2004]
[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'                Corporate profits with inventory valuation and
                                                                      income \1\                         capital consumption adjustments
                                                                  ------------------   Rental   ------------------------------------------------                                         Current
                                                          Compen-                    income  of              Profits with inventory                              Taxes            Bus-   surplus
                                                          sation                       persons              valuation adjustment and    Capital  Net  interest  on pro-  Less:    ness   of gov-
                   Period                     National      of                          with               without capital consumption    con-        and         duc-  Subsi-  current    ern-
                                               income     employ-                      capital                     adjustment            sump-   miscellaneous   tion    dies    trans-    ment
                                                            ees      Farm   Nonfarm   consump-    Total  ------------------------------   tion     pay ments    and im-         fer pay-  enter-
                                                                                        tion                       Profits   Inventory  adjust-                  ports            ments   prises
                                                                                     adjustment            Total    before   valuation    ment
                                                                                                                     tax    adjustment
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1994 ......................................     6,122.3   3,997.2     33.9    439.4      119.7     600.3    564.6    577.1      -12.4      35.7       366.4      545.6    32.2     43.3      8.6
1995 ......................................     6,453.9   4,193.3     22.7    469.5      122.1     696.7    656.0    674.3      -18.3      40.7       367.1      558.2    34.0     46.9     11.4
1996 ......................................     6,840.1   4,390.5     37.3    505.9      131.5     786.2    736.1    733.0        3.1      50.1       376.2      581.1    34.3     53.1     12.7
1997 ......................................     7,292.2   4,661.7     34.2    541.8      128.8     868.5    812.3    798.2       14.1      56.2       415.6      612.0    32.9     49.9     12.6
1998 ......................................     7,752.8   5,019.4     29.4    598.4      137.5     801.6    738.5    718.3       20.2      63.1       487.1      639.8    35.4     64.7     10.3
1999 ......................................     8,236.7   5,357.1     28.6    649.7      147.3     851.3    776.8    775.9        1.0      74.5       495.4      674.0    44.2     67.4     10.1
2000 ......................................     8,795.2   5,782.7     22.7    705.7      150.3     817.9    759.3    773.4      -14.1      58.6       559.0      708.9    44.3     87.1      5.3
2001 ......................................     8,979.8   5,942.1     19.7    752.2      167.4     767.3    719.2    707.9       11.3      48.1       566.3      728.6    55.3     92.8     -1.4
2002 ......................................     9,225.4   6,069.5      9.7    759.9      170.9     874.6    756.8    758.0       -1.2     117.8       532.9      762.6    38.2     80.9      2.8
2003 ......................................     9,679.6   6,289.0     21.8    812.3      153.8   1,021.1    860.4    874.5      -14.1     160.8       543.0      798.1    46.7     77.7      9.5
 
2001:I ....................................     8,987.6   5,946.2     21.9    747.5      155.3     778.7    750.5    754.6       -4.1      28.2       565.2      725.1    52.3     98.3      1.7
      II ..................................     9,001.5   5,944.6     19.2    751.5      161.7     783.1    756.0    755.0        1.1      27.1       569.9      726.3    58.4    104.8     -1.1
      III .................................     8,890.3   5,939.3     17.7    755.7      176.4     714.5    689.1    671.1       18.0      25.4       565.5      725.6    67.3     65.7     -2.9
      IV ..................................     9,039.9   5,938.3     20.0    754.1      176.2     793.0    681.3    650.9       30.4     111.7       564.8      737.6    43.1    102.5     -3.4
 
2002:I ....................................     9,136.5   6,010.2     10.8    751.4      179.7     838.2    711.7    695.8       15.9     126.6       549.2      747.3    38.9     89.6      -.9
      II ..................................     9,222.3   6,068.3     10.4    758.6      184.7     868.4    747.5    745.9        1.6     121.0       527.3      760.1    36.8     81.3      -.1
      III .................................     9,241.6   6,086.0      8.7    761.7      165.4     876.2    761.2    773.0      -11.8     115.0       526.8      771.2    38.4     78.0      6.0
      IV ..................................     9,301.3   6,113.4      8.8    767.9      153.8     915.4    806.8    817.4      -10.6     108.6       528.3      771.8    38.7     74.6      6.0
 
2003:I ....................................     9,407.7   6,179.1     13.8    780.2      155.5     912.0    798.7    826.1      -27.4     113.3       541.3      783.5    42.8     74.8     10.3
      II ..................................     9,568.8   6,245.6     24.1    801.6      144.1     986.2    823.5    824.5       -1.0     162.7       542.8      792.9    55.2     76.9      9.8
      III .................................     9,771.1   6,324.7     24.8    827.2      148.8   1,057.1    877.2    881.0       -3.8     179.9       542.8      802.0    44.5     78.9      9.3
      IV ..................................     9,971.1   6,406.7     24.7    840.0      167.1   1,129.1    941.9    966.2      -24.3     187.2       545.3      813.9    44.4     80.1      8.7
 
2004:I ....................................    10,128.1   6,489.4     17.9    854.2      172.8   1,165.6    925.4    962.4      -37.0     240.2       554.5      823.3    40.4     82.7      8.1
      II r.................................    10,251.4   6,568.0     18.9    882.5      172.6   1,173.9    940.6    988.3      -47.8     233.3       548.5      835.7    39.4     83.5      7.4
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \1\ With inventory valuation and 
capital consumption adjustments.
    Source: Department of Commerce, 
Bureau of Economic Analysis.