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

[DOCID: f:erp_b26._]
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-26.--National income by type of income, 1959-96
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Compensation of employees                           Proprietors' income with inventory valuation and
-------------------------------------------------------------------------           capital consumption adjustments
Wages and salaries           Supplements to wages and    ----------------------------------------------------
--------------------------------            salaries                              Farm                 Nonfarm
Year or       National                                          --------------------------------         -------------------------------------------
quarter      income\1\   Total                                              Employer
Total    Government   Other           contributions   Other    Total           Proprietors'          Proprietors'
Total    for social    labor             Total   in- come\2\   Total    income\3\
insurance     income
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959...........      410.4    281.2     259.8       46.0      213.8    21.4         10.9       10.6     50.5    10.9        11.8      39.6        40.2

1960...........      426.2    296.7     272.8       49.2      223.7    23.8         12.6       11.2     50.5    11.5        12.3      39.1        39.8
1961...........      441.2    305.6     280.5       52.4      228.0    25.1         13.3       11.8     53.0    12.1        12.9      40.9        41.8
1962...........      475.3    327.4     299.3       56.3      243.0    28.1         15.1       13.0     55.0    12.1        12.9      42.9        43.9
1963...........      502.6    345.5     314.8       60.0      254.8    30.7         16.7       14.0     56.3    12.0        12.7      44.3        45.2
1964...........      540.2    371.0     337.7       64.9      272.9    33.2         17.5       15.7     59.0    10.8        11.5      48.3        49.2
1965...........      587.8    399.8     363.7       69.9      293.8    36.1         18.3       17.8     63.5    13,0        13.8      50.4        51.9
1966...........      644.4    443.0     400.3       78.3      321.9    42.7         22.8       19.9     67.6    14.1        14.9      53.5        55.4
1967...........      680.7    475.5     428.9       86.4      342.5    46.6         24.9       21.7     69.1    12.7        13.7      56.4        58.3
1968...........      742.4    524.7     471.9       96.6      375.3    52.8         27.6       25.2     73.3    12.8        13.8      60.5        63.0
1969...........      800.9    578.3     518.3      105.5      412.7    60.0         31.5       28.5     77.1    14.6        15.8      62.5        65.0

1970...........      836.6    618.1     551.5      117.1      434.3    66.6         34.1       32.5     78.0    14.8        16.1      63.2        66.0
1971...........      904.0    660.1     584.5      126.7      457.8    75.6         38.9       36.7     83.9    15.5        16.9      68.3        72.0
1972...........      999.2    726.8     638.7      137.8      500.9    88.1         45.1       43.0     95.2    19.5        21.2      75.8        79.3
1973...........    1,125.3    813.1     708.6      148.7      560.0   104.4         55.3       49.2    113.3    32.6        34.6      80.7        85.9
1974...........    1,206.7    892.4     772.2      160.4      611.8   120.3         63.7       56.5    111.3    25.9        28.5      85.4        93.4
1975...........    1,295.5    951.3     814.7      176.1      638.6   136.6         70.6       65.9    116.5    24.2        27.7      92.3        99.2
1976...........    1,447.5  1,061.5     899.6      188.7      710.8   162.0         82.2       79.7    127.5    18.7        22.8     108.8       116.3
1977...........    1,616.3  1,182.9     994.0      202.4      791.6   188.9         94.1       94.7    140.8    17.9        22.3     122.9       131.0
1978...........    1,839.2  1,338.5   1,121.1      219.8      901.2   217.4        107.3      110.1    162.2    22.9        27.7     139.2       148.7
1979...........    2,053.3  1,503.3   1,255.7      236.9    1,018.8   247.5        123.2      124.3    177.3    26.6        32.2     150.8       160.9

1980...........    2,216.1  1,653.9   1,377.6      261.2    1,116.4   276.3        136.4      139.8    167.9    13.8        20.7     154.1       165.2
1981...........    2,470.2  1,827.8   1,517.6      285.6    1,232.0   310.2        157.1      153.0    178.3    23.7        31.6     154.6       160.7
1982...........    2,569.2  1,927.6   1,593.9      307.3    1,286.7   333.7        168.3      165.4    169.9    16.4        24.8     153.5       158.2
1983...........    2,761.4  2,044.2   1,684.8      324.5    1,360.3   359.4        182.2      177.2    181.7     6.0        14.1     175.8       172.2
1984...........    3,132.7  2,257.0   1,855.3      347.8    1,507.5   401.7        212.8      188.9    237.9    24.8        32.7     213.1       199.7
1985...........    3,351.5  2,425.7   1,995.7      373.5    1,622.1   430.0        226.9      203.1    257.4    24.9        32.4     232.5       210.5
1986...........    3,516.5  2,572.4   2,116.5      396.6    1,720.0   455.9        239.9      216.0    267.8    25.2        32.6     242.6       215.9
1987...........    3,778.1  2,757.7   2,272.7      423.1    1,849.5   485.0        249.7      235.4    292.9    32.3        39.6     260.6       238.2
1988...........    4,108.6  2,973.9   2,453.6      450.4    2,003.2   520.3        268.6      251.7    322.9    28.2        35.4     294.7       272.0
1989...........    4,362.1  3,151.6   2,598.1      479.4    2,118.7   553.5        280.4      273.1    345.0    36.8        44.3     308.2       284.8

1990...........    4,611.9  3,352.8   2,757.5      517.2    2,240.3   595.2        294.6      300.6    361.0    36.3        43.8     324.6       312.7
1991...........    4,719.7  3,457.9   2,827.6      546.0    2,281.5   630.4        307.7      322.7    362.9    30.2        37.7     332.7       325.0
1992...........    4,950.8  3,644.9   2,970.6      567.8    2,402.9   674.3        323.0      351.3    409.5    38.0        45.7     371.5       363.1
1993...........    5,195.3  3,809.5   3,095.3      584.2    2,511.1   714.2        333.3      380.9    420.0    32.0        39.5     388.1       381.0
1994...........    5,501.6  4,009.8   3,257.3      602.5    2,654.8   752.4        350.2      402.2    450.9    35.0        42.5     415.9       411.5
1995...........    5,813.5  4,222.7   3,433.2      621.7    2,811.5   789.5        365.5      424.0    478.3    29.0        36.5     449.3       434.6

1990:I.........    4,523.9  3,285.5   2,704.0      504.3    2,199.6   581.5        290.1      291.4    354.7    36.1        43.5     318.6       302.2
II.........    4,623.1  3,344.7   2,753.0      514.3    2,238.6   591.7        294.0      297.8    362.7    39.4        46.7     323.3       309.4
III........    4,633.4  3,384.9   2,784.5      520.8    2,263.6   600.5        296.4      304.0    365.6    36.0        43.5     329.6       319.7
IV.........    4,667.2  3,395.9   2,788.8      529.4    2,259.3   607.1        297.9      309.2    360.9    33.9        41.3     327.1       319.6

1991:I.........    4,675.6  3,405.7   2,789.5      541.5    2,248.0   616.2        303.8      312.4    349.2    27.6        35.1     321.6       313.0
II.........    4,702.8  3,440.7   2,814.7      544.9    2,269.8   626.0        306.3      319.7    365.1    34.2        41.6     331.0       323.3
III........    4,730.4  3,474.2   2,838.8      546.9    2,292.0   635.4        309.1      326.3    365.2    28.0        35.5     337.1       329.9
IV.........    4,770.0  3,511.0   2,867.1      550.8    2,316.3   643.8        311.4      332.4    372.1    31.0        38.5     341.1       333.7

1992:I.........    4,888.7  3,577.1   2,916.5      561.4    2,355.1   660.7        319.9      340.8    396.5    36.7        44.2     359.8       350.8
II.........    4,941.0  3,626.5   2,956.2      567.2    2,389.0   670.3        322.7      347.6    406.9    37.9        45.4     368.9       360.7
III........    4,911.6  3,669.2   2,988.2      569.8    2,418.3   681.0        325.1      355.9    412.1    39.9        48.3     372.3       364.4
IV.........    5,061.7  3,707.0   3,021.7      572.5    2,449.2   685.3        324.2      361.1    422.4    37.3        44.8     385.1       376.3

1993:I.........    5,096.3  3,744.2   3,046.0      580.9    2,465.1   698.2        325.9      372.2    413.5    31.5        39.0     382.0       375.5
II.........    5,159.4  3,787.9   3,075.2      581.4    2,493.9   712.6        333.5      379.1    417.6    35.8        43.3     381.8       375.7
III........    5,214.1  3,834.9   3,115.0      586.3    2,528.7   719.9        335.6      384.3    414.2    26.1        33.8     388.1       380.0
IV.........    5,311.3  3,871.1   3,145.0      588.3    2,556.6   726.2        338.1      388.0    434.9    34.4        41.9     400.5       392.7

1994:I.........    5,304.8  3,932.6   3,194.1      596.5    2,597.6   738.5        342.9      395.6    421.1    40.8        48.2     380.3       399.3
II.........    5,493.2  3,988.0   3,237.5      601.7    2,635.8   750.5        350.0      400.5    454.4    35.1        42.5     419,3       409.1
III........    5,561.7  4,027.5   3,270.3      603.7    2,666.6   757.2        352.3      404.9    458.7    31.9        39.4     426.8       415.1
IV.........    5,646.9  4,091.0   3,327.4      608.3    2,719.1   763.6        355.8      407.8    469.4    32.3        39.8     437.1       422.5

1995:I.........    5,709.9  4,150.5   3,371.9      616.3    2,755.6   778.6        360.8      417.7    472.0    28.5        36.1     443.5       429.6
II.........    5,755.4  4,191.6   3,406.0      619.6    2,786.4   785.6        363.6      422.0    474.7    27.6        35.1     447.1       433.1
III........    5,861.4  4,247.7   3,454.0      624.1    2,829.9   793.7        367.8      425.9    479.6    28.1        35.7     451.5       436.3
IV.........    5,927.4  4,301.1   3,501.1      626.9    2,874.2   800.1        369.8      430.2    486.7    31.8        39.3     454.9       439.6

1996:I.........    6,015.3  4,344.3   3,540.2      634.0    2,906.1   804.1        375.0      429.1    499.5    38.4        45.8     461.1       446.4
II.........    6,118.7  4,420.9   3,606.5      638.9    2,967.5   814.4        380.4      434.0    515.2    45.8        53.2     469.4       455.2
III........    6,203.0  4,482.9   3,659.6      644.6    3,015.1   823.3        384.6      438.6    526.3    51.8        59.4     474.6       459.4
--------------------------------------------------------------------------------------------------------------------------------------------------------
\1\National income is the total net income earned in production. It differs from gross domestic product mainly in that it excludes depreciation charges
and other allowances for business and institutional consumption of durable capital goods and indirect business taxes. See Table B-24.

See next page for continuation of table.


Table B-26.--National income by type of income, 1959-96--Continued
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Rental income of persons    Corporate profits with inventory valuation and capital consumption adjustments
with capital consumption  ---------------------------------------------------------------------------------
adjustment                      Profits with inventory valuation adjustment and without
----------------------------                          capital consumption adjustment
--------------------------------------------------------------- Capital
Capital                                      Profits                               con-      Net
Year or  quarter                    Rental     con-                   ----------------------------------------------  Inven-   sump-   interest
income    sump-    Total                                   Profits after tax       tory     tion
Total      of       tion             Total  Profits   Profits  --------------------------  valu-   adjust-
persons  adjust-                    before     tax                      Undis-    ation     ment
ment                       tax   liability   Total   Divi-  tributed  adjust-
dends   profits    ment
--------------------------------------------------------------------------------------------------------------------------------------------------------
1959.............................     18.2      19.7    -1.5      50.2    53.1     53.4      23.6     29.7    12.7      17.0     -0.3    -2.9      10.2

1960.............................     19.1      20.6    -1.5      48.8    51.0     51.1      22.7     28.4    13.4      15.0      -.2    -2.2      11.2
1961.............................     19.8      21.2    -1.4      49.8    51.3     51.0      22.8     28.2    14.0      14.3       .3    -1.5      13.1
1962.............................     20.6      22.0    -1.4      57.7    56.4     56.4      24.0     32.4    15.0      17.4       .0     1.3      14.6
1963.............................     21.3      22.6    -1.3      63.5    61.2     61.2      26.2     34.9    16.1      18.8       .1     2.3      16.1
1964.............................     21.7      23.0    -1.3      70.4    67.5     68.0      28.0     40.0    18.0      22.0      -.5     2.8      18.2
1965.............................     22.5      24.0    -1.5      80.9    77.6     78.8      30.9     47.9    20.2      27.8     -1.2     3.4      21.1
1966.............................     23.2      24.9    -1.7      86.3    83.0     85.1      33.7     51.4    20.9      30.5     -2.1     3.3      24.3
1967.............................     24.4      26.3    -1.9      83.6    80.3     81.8      32.7     49.2    22.1      27.1     -1.6     3.3      28.1
1968.............................     23.7      26.0    -2.3      90.3    86.9     90.6      39.4     51.2    24.6      26.6     -3.7     3.4      30.4
1969.............................     24.4      27.3    -2.8      87.5    83.2     89.0      39.7     49.4    25.2      24.1     -5.9     4.4      33.6

1970.............................     24.7      27.8    -3.1      75.7    71.8     78.4      34.4     44.0    23.7      20.3     -6.6     3.9      40.0
1971.............................     25.8      29.5    -3.7      88.8    85.5     90.1      37.7     52.4    23.7      28.6     -4.6     3.3      45.4
1972.............................     25.7      30.3    -4.6     102.2    97.9    104.5      41.9     62.6    25.8      36.9     -6.6     4.3      49.3
1973.............................     27.4      32.8    -5.4     115.1   110.9    130.9      49.3     81.6    28.1      53.5    -20.0     4.1      56.5
1974.............................     27.5      34.4    -6.9     103.7   103.4    142.8      51.8     91.0    30.4      60.6    -39.5      .3      71.8
1975.............................     26.6      34.9    -8.4     121.1   129.4    140.4      50.9     89.5    30.1      59.4    -11.0    -8.3      80.0
1976.............................     26.3      35.7    -9.5     147.0   158.9    173.8      64.2    109.6    35.9      73.7    -14.9   -11.8      85.1
1977.............................     24.7      36.4   -11.7     167.3   186.8    203.5      73.0    130.4    40.8      89.6    -16.6   -19.6     100.7
1978.............................     26.5      41.2   -14.7     191.6   213.1    238.1      83.5    154.6    46.0     108.6    -25.0   -21.5     120.5
1979.............................     28.4      46.7   -18.3     194.0   220.2    261.8      88.0    173.8    52.5     121.3    -41.6   -26.2     150.3

1980.............................     35.3      57.3   -22.0     167.1   198.3    241.4      84.8    156.6    59.3      97.3    -43.0   -31.2     191.9
1981.............................     45.7      70.7   -25.1     183.9   204.1    229.8      81.1    148.6    69.5      79.1    -25.7   -20.1     234.5
1982.............................     47.6      74.7   -27.1     159.2   166.8    176.7      63.1    113.6    69.8      43.8     -9.9    -7.6     264.9
1983.............................     47.2      74.8   -27.6     212.3   203.7    212.8      77.2    135.5    80.8      54.8     -9.1     8.6     275.9
1984.............................     51.0      79.2   -28.2     268.2   238.5    244.2      94.0    150.1    83.2      66.9     -5.6    29.7     318.5
1985.............................     49.1      79.0   -29.9     282.2   230.5    229.9      96.5    133.4    92.8      40.6       .5    51.8     337.2
1986.............................     42.3      72.6   -30.4     271.0   234.0    222.6     106.5    116.1   110.2       5.8     11.4    37.0     363.1
1987.............................     45.5      77.6   -32.1     309.7   272.9    293.6     127.1    166.5   107.0      59.5    -20.7    36.8     372.2
1988.............................     55.7      89.7   -33.9     357.2   325.0    354.3     137.0    217.3   116.8     100.5    -29.3    32.2     398.9
1989.............................     52.4      91.0   -38.5     356.4   330.6    348.1     141.3    206.8   138.9      67.9    -17.5    25.8     456.6

1990.............................     61.4      98.6   -37.2     369.5   358.2    371.7     140.5    231.2   151.9      79.4    -13.5    11.3     467.3
1991.............................     68.4     107.0   -38.6     382.5   378.2    374.2     133.4    240.8   163.1      77.7      4.0     4.3     448.0
1992.............................     80.6     126.9   -46.2     401.4   398.9    406.4     143.0    263.4   169.5      93.9     -7.5     2.5     414.3
1993.............................    102.5     144.3   -41.8     464.4   457.7    464.3     163.8    300.5   197.3     103.2     -6.6     6.7     398.9
1994.............................    116.6     159.4   -42.8     529.5   517.9    531.2     195.3    335.9   211.0     124.8    -13.3    11.6     394.9
1995.............................    122.2     158.6   -36.4     586.6   570.8    598.9     218.7    380.2   227.4     152.8    -28.1    15.9     403.6

1990:I...........................     55.5      92.3   -36.8     369.3   353.4    354.7     133.0    221.7   150.7      71.1     -1.3    15.9     458.9
II...........................     57.9      94.9   -37.1     392.8   381.1    373.4     141.2    232.2   152.4      79.8      7.7    11.7     465.0
III..........................     64.8     102.3   -37.5     350.4   341.9    381.9     148.0    233.9   152.4      81.6    -40.0     8.5     467.7
IV...........................     67.3     104.9   -37.5     365.5   356.5    376.7     139.7    237.1   152.0      85.0    -20.3     9.0     477.5

1991:I...........................     66.6     104.1   -37.5     393.7   388.3    370.7     130.1    240.7   158.6      82.0     17.6     5.4     460.4
II...........................     66.3     103.9   -37.5     380.0   375.5    368.7     132.3    236.4   162.6      73.8      6.8     4.6     450.6
III..........................     67.6     105.3   -37.7     376.8   373.8    374.6     136.0    238.6   165.9      72.7      -.8     3.0     446.6
IV...........................     73.0     114.6   -41.6     379.6   375.2    382.8     135.2    247.6   165.3      82.2     -7.6     4.5     434.3

1992:I...........................     78.6     114.8   -36.2     417.3   411.4    411.1     143.9    267.2   162.1     105.2       .3     5.9     419.2
II...........................     80.9     117.5   -36.6     409.3   404.3    426.2     150.9    275.2   164.6     110.6    -21.9     5.0     417.5
III..........................     70.8     144.8   -73.9     351.3   359.4    368.0     127.6    240.4   170.9      69.5     -8.6    -8.1     408.1
IV...........................     92.3     130.4   -38.1     427.7   420.5    420.3     149.7    270.6   180.4      90.3       .2     7.2     412.4

1993:I...........................     98.4     142.6   -44.2     427.4   422.4    437.0     151.5    285.6   190.2      95.3    -14.6     5.0     412.8
II...........................    102.9     143.4   -40.5     447.8   442.0    457.6     162.6    295.0   195.8      99.2    -15.6     5.8     403.2
III..........................    104.1     146.5   -42.5     469.6   465.9    458.0     159.3    298.6   200.2      98.4      7.9     3.8     391.4
IV...........................    104.5     144.6   -40.1     512.8   500.5    504.5     181.7    322.8   202.9     119.9     -4.0    12.3     388.0

1994:I...........................    101.1     162.2   -61.0     459.7   471.6    475.5     171.4    304.1   204.4      99.7     -3.9   -11.8     390.2
II...........................    121.0     159.0   -37.9     534.3   516.2    526.0     192.8    333.3   208.8     124.5     -9.8    18.1     395.5
III..........................    122.2     159.2   -37.0     553.1   534.3    550.8     203.4    347.4   212.5     134.9    -16.5    18.8     400.1
IV...........................    121.9     157.2   -35.3     570.9   549.6    572.4     213.5    358.8   218.5     140.3    -22.8    21.3     393.8

1995:I...........................    120.6     156.3   -35.7     560.0   542.6    594.5     217.3    377.2   221.7     155.5    -51.9    17.4     406.9
II...........................    121.6     157.2   -35.6     562.3   547.3    589.6     214.2    375.3   224.6     150.8    -42.3    15.0     405.2
III..........................    120.9     156.0   -35.1     612.5   597.9    607.2     224.5    382.8   228.5     154.3     -9.3    14.6     400.7
IV...........................    125.8     165.0   -39.1     611.8   595.3    604.2     218.7    385.5   234.7     150.8     -8.8    16.5     401.9

1996:I...........................    126.9     160.0   -33.1     645.1   624.8    642.2     233.4    408.8   239.9     168.9    -17.4    20.4     399.5
II...........................    124.5     158.6   -34.2     655.8   633.5    644.6     236.4    408.1   243.1     165.1    -11.0    22.3     402.3
III..........................    127.0     162.5   -35.5     661.2   637.6    635.6     233.4    402.2   245.2     156.9      2.0    23.6     405.6
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\2\Without capital consumption adjustment.
\3\Without inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.