[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b12._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-12.--Gross domestic product of nonfinancial corporate business, 1959-96
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Net domestic product
--------------------------------------------------------------------------------------------------------------------------
Gross                                                                           Domestic income
domes-                              ------------------------------------------------------------------------------------------------------
tic      Con-                                              Corporate profits with inventory valuation and capital  consumption
product    sump-                                                                         adjustments
of  non-   tion               Indi-                      ---------------------------------------------------------------------------
Year or  quarter                   financial    of                rect                Com-                                 Profits
corpo-    fixed    Total     busi-              pensa-           ------------------------------------------------  Inven-  Capital    Net
rate     cap-               ness      Total   tion  of                                    Profits after tax        tory     con-   inter-
busi-     ital             taxes\1\             employ-   Total   Profits   Profits  ----------------------------  valu-    sump-     est
ness                                             ees              before     tax                        Undis-    ation     tion
tax   liability   Total    Divi-   tributed  adjust-  adjust-
dends    profits    ment     ment
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959..............................................     267.5     26.3     241.2     26.0      215.2     171.5     40.6     43.6      20.7      22.9     10.0      12.9     -0.3     -2.8     3.1

1960..............................................     278.1     27.2     250.9     28.3      222.6     181.2     38.0     40.3      19.2      21.1     10.6      10.6      -.2     -2.2     3.5
1961..............................................     285.5     27.8     257.8     29.5      228.2     185.3     38.9     40.1      19.5      20.7     10.6      10.1       .3     -1.5     4.0
1962..............................................     311.7     28.8     282.9     32.0      250.9     200.1     46.3     45.0      20.6      24.3     11.4      13.0       .0      1.3     4.5
1963..............................................     331.8     29.8     302.0     34.0      267.9     211.1     52.0     49.8      22.8      27.0     12.6      14.4       .1      2.2     4.8
1964..............................................     358.1     31.3     326.8     36.6      290.2     226.7     58.2     56.0      24.0      32.1     13.7      18.4      -.5      2.7     5.3
1965..............................................     393.5     33.5     360.0     39.2      320.8     246.5     68.2     66.2      27.2      39.0     15.6      23.4     -1.2      3.3     6.1
1966..............................................     431.0     36.7     394.3     40.5      353.8     274.0     72.5     71.4      29.5      41.9     16.8      25.1     -2.1      3.2     7.4
1967..............................................     453.4     40.1     413.4     43.1      370.3     292.3     69.2     67.5      27.8      39.7     17.5      22.2     -1.6      3.3     8.8
1968..............................................     500.5     43.8     456.7     49.7      407.0     323.2     73.6     74.0      33.6      40.4     19.1      21.3     -3.7      3.3    10.1
1969..............................................     543.3     47.5     495.8     54.7      441.1     358.8     69.1     70.8      33.3      37.5     19.1      18.4     -5.9      4.1    13.2

1970..............................................     561.4     51.6     509.8     58.8      451.0     378.7     55.2     58.1      27.2      31.0     18.5      12.5     -6.6      3.6    17.1
1971..............................................     606.4     56.3     550.1     64.5      485.6     402.0     65.5     67.1      29.9      37.1     18.5      18.7     -4.6      3.0    18.1
1972..............................................     673.3     62.1     611.2     69.2      542.1     447.1     75.8     78.6      33.8      44.8     20.1      24.7     -6.6      3.9    19.2
1973..............................................     754.5     67.6     686.8     76.3      610.5     505.9     82.1     98.6      40.2      58.4     21.1      37.3    -20.0      3.6    22.5
1974..............................................     814.6     78.7     736.0     81.4      654.6     556.8     69.5    109.2      42.2      67.0     21.7      45.2    -39.5      -.2    28.3
1975..............................................     881.2     94.4     786.8     87.4      699.5     580.3     90.4    109.9      41.5      68.4     24.8      43.6    -11.0     -8.5    28.7
1976..............................................     995.3    104.5     890.8     95.1      795.6     657.4    110.7    137.3      53.0      84.4     28.0      56.3    -14.9    -11.7    27.5
1977..............................................   1,125.4    125.8     999.7    104.1      895.6     742.6    122.4    158.6      59.9      98.7     31.5      67.2    -16.6    -19.5    30.6
1978..............................................   1,284.1    142.1   1,142.0    116.4    1,025.5     852.9    136.3    183.5      67.1     116.4     36.4      80.0    -25.0    -22.1    36.3
1979..............................................   1,429.7    163.7   1,266.0    125.4    1,140.6     968.1    127.4    195.5      69.6     125.9     38.1      87.9    -41.6    -26.6    45.1

1980..............................................   1,553.8    187.8   1,365.9    141.6    1,224.3   1,058.5    107.6    181.6      67.0     114.6     45.3      69.2    -43.0    -30.9    58.2
1981..............................................   1,767.3    218.3   1,549.1    170.4    1,378.7   1,171.5    135.3    181.4      63.9     117.5     53.3      64.2    -25.7    -20.4    71.9
1982..............................................   1,823.4    235.4   1,588.0    172.1    1,415.9   1,217.0    116.4    133.7      46.3      87.4     53.3      34.2     -9.9     -7.4    82.5
1983..............................................   1,950.3    248.9   1,701.4    189.0    1,512.4   1,280.5    155.3    157.4      59.4      97.9     64.2      33.8     -9.1      7.0    76.6
1984..............................................   2,187.5    255.1   1,932.4    210.2    1,722.2   1,421.7    212.7    191.0      73.7     117.3     67.8      49.5     -5.6     27.3    87.8
1985..............................................   2,319.3    266.5   2,052.8    224.4    1,828.4   1,521.9    215.9    167.6      69.9      97.6     72.3      25.4       .5     47.8    90.6
1986..............................................   2,416.3    283.7   2,132.6    235.8    1,896.8   1,603.2    195.5    151.5      75.6      75.9     73.9       2.1     11.4     32.6    98.1
1987..............................................   2,589.6    296.9   2,292.7    246.7    2,046.0   1,715.5    225.2    214.9      93.5     121.4     75.9      45.5    -20.7     31.0   105.3
1988..............................................   2,805.2    316.5   2,488.7    263.5    2,225.3   1,846.7    257.5    260.6     101.7     158.8     79.4      79.4    -29.3     26.3   121.0
1989..............................................   2,950.9    335.5   2,615.4    280.8    2,334.6   1,950.0    238.7    237.0      98.8     138.3    103.5      34.8    -17.5     19.1   145.9

1990..............................................   3,084.0    352.7   2,731.3    296.8    2,434.5   2,056.0    231.0    237.3      95.7     141.6    118.4      23.3    -13.5      7.2   147.5
1991..............................................   3,132.1    366.7   2,765.3    318.0    2,447.3   2,090.6    223.1    218.1      85.4     132.8    124.6       8.2      4.0      1.0   133.7
1992..............................................   3,262.6    376.1   2,886.5    337.0    2,549.5   2,195.3    250.0    257.8      91.1     166.7    133.6      33.1     -7.5      -.3   104.2
1993..............................................   3,437.5    390.1   3,047.4    356.2    2,691.2   2,294.3    297.3    303.7     103.5     200.3    152.6      47.6     -6.6       .1    99.6
1994..............................................   3,689.4    412.8   3,276.6    379.6    2,896.9   2,434.8    364.6    372.5     129.9     242.7    161.8      80.9    -13.3      5.3    97.5
1995..............................................   3,885.8    424.0   3,461.8    400.9    3,060.9   2,574.9    384.6    403.0     140.7     262.4    175.9      86.5    -28.1      9.7   101.3

1990:I............................................   3.042.8    346.4   2,696.4    290.5    2,405.9   2,022.0    237.5    227.9      90.5     137.3    119.5      17.8     -1.3     10.9   146.5
II............................................   3,103.0    351.6   2,751.5    292.6    2,458.9   2,055.8    254.2    239.0      96.4     142.7    116.5      26.2      7.7      7.4   148.9
III...........................................   3,092.7    356.0   2,736.7    299.7    2,437.0   2,074.7    214.7    250.1     101.1     148.9    118.1      30.8    -40.0      4.7   147.6
IV............................................   3,097.4    356.9   2,740.5    304.3    2,436.2   2,071.4    217.7    232.3      94.7     137.7    119.5      18.2    -20.3      5.6   147.1

1991:I............................................   3,107.7    363.2   2,744.5    309.2    2,435.3   2,060.0    232.6    213.3      83.1     130.3    120.7       9.5     17.6      1.7   142.7
II............................................   3,119.1    365.7   2,753.4    314.2    2,439.2   2,078.8    222.8    215.0      84.0     131.0    125.4       5.6      6.8      1.1   137.6
III...........................................   3,142.0    369.0   2,773.0    321.2    2,451.8   2,101.2    219.4    220.6      86.8     133.8    124.9       8.9      -.8      -.3   131.1
IV............................................   3,159.5    369.1   2,790.4    327.3    2,463.1   2,122.2    217.5    223.7      87.5     136.2    127.5       8.7     -7.6      1.5   123.3

1992:I............................................   3,202.2    368.6   2,833.6    330.4    2,503.1   2,152.8    240.2    236.3      82.4     153.9    124.0      29.9       .3      3.6   110.2
II............................................   3,236.1    371.8   2,864.3    331.8    2,532.5   2,183.2    243.3    262.6      93.6     169.0    129.7      39.3    -21.9      2.6   106.0
III...........................................   3,270.5    387.9   2,882.7    337.8    2,544.9   2,209.3    234.8    254.4      89.9     164.5    134.3      30.2     -8.6    -11.0   100.8
IV............................................   3,341.7    376.3   2,965.4    348.0    2,617.4   2,236.1    281.6    277.9      98.4     179.5    146.3      33.2       .2      3.5    99.7

1993:I............................................   3,344.2    382.8   2,961.3    346.9    2,614.4   2,251.4    260.5    275.9      93.8     182.1    153.4      28.7    -14.6      -.7   102.5
II............................................   3,407.3    387.5   3,019.8    352.9    2,666.9   2,279.8    286.9    303.2     103.9     199.3    150.1      49.2    -15.6      -.7   100.2
III...........................................   3,459.7    395.8   3,063.9    355.9    2,708.0   2,308.4    301.1    296.4     100.1     196.3    150.8      45.5      7.9     -3.3    98.5
IV............................................   3,538.7    394.2   3,144.4    368.9    2,775.5   2,337.6    340.6    339.5     116.0     223.4    156.3      67.2     -4.0      5.1    97.4

1994:I............................................   3,601.7    427.9   3,173.9    372.6    2,801.3   2,381.8    323.6    346.0     121.0     225.0    154.9      70.1     -3.9    -18.4    95.9
II............................................   3,663.0    404.3   3,258.7    376.5    2,882.2   2,418.4    366.3    364.4     126.9     237.5    160.9      76.7     -9.8     11.7    97.5
III...........................................   3,709.5    408.7   3,300.8    382.1    2,918.6   2,445.8    374.2    378.0     130.9     247.1    161.0      86.1    -16.5     12.7    98.7
IV............................................   3,783.2    410.4   3,372.9    387.2    2,985.7   2,493.3    394.3    401.8     140.6     261.1    170.2      91.0    -22.8     15.3    98.0

1995:I............................................   3,803.3    415.0   3,388.3    394.1    2,994.2   2,528.5    364.6    405.1     142.2     262.9    172.1      90.8    -51.9     11.4   101.2
II............................................   3,841.9    421.3   3.420.6    401.1    3,019.4   2,553.1    364.5    397.9     138.5     259.4    176.1      83.3    -42.3      8.9   101.8
III...........................................   3,924.8    426.6   3,498.2    401.6    3,096.6   2,590.6    405.0    406.0     141.3     264.7    174.9      89.7     -9.3      8.4   100.9
IV............................................   3,973.2    433.0   3,540.2    406.9    3,133.3   2,627.6    404.3    403.2     140.6     262.6    180.3      82.4     -8.8      9.9   101.4

1996:I............................................   4,011.6    434.8   3,576.8    405.3    3,171.5   2,651.3    420.3    424.1     147.7     276.4    185.6      90.8    -17.4     13.6   100.0
II............................................   4,081.6    439.9   3,641.7    403.0    3,238.8   2,703.4    433.8    429.5     149.2     280.3    187.9      92.4    -11.0     15.4   101.5
III...........................................   4,143.1    445.5   3,697.6    406.6    3,290.9   2,744.3    442.8    424.1     146.9     277.1    186.2      90.9      2.0     16.8   103.9
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\1\Indirect business tax and nontax liability plus business transfer payments less subsidies.

Source: Department of Commerce, Bureau of Economic Analysis.