[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-28.--National income by type of income, 1959-97 [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 Total Employer \1\ Total Government Other contributions Other Total Proprietors' Proprietors' Total for social labor Total in- come Total income \3\ insurance income \2\ -------------------------------------------------------------------------------------------------------------------------------------------------------- 1959........... 413.9 281.2 259.8 46.0 213.8 21.4 10.9 10.6 51.9 10.9 11.8 40.9 40.2 1960........... 429.8 296.7 272.8 49.2 223.7 23.8 12.6 11.2 51.9 11.5 12.3 40.5 39.8 1961........... 444.8 305.6 280.5 52.4 228.0 25.1 13.3 11.8 54.4 12.1 12.9 42.3 41.8 1962........... 479.0 327.4 299.3 56.3 243.0 28.1 15.1 13.0 56.5 12.1 12.9 44.4 43.9 1963........... 506.3 345.5 314.8 60.0 254.8 30.7 16.7 14.0 57.8 11.9 12.7 45.8 45.2 1964........... 544.1 371.0 337.7 64.9 272.9 33.2 17.5 15.7 60.6 10.8 11.6 49.8 49.2 1965........... 592.0 399.8 363.7 69.9 293.8 36.1 18.3 17.8 65.1 13.0 13.9 52.1 51.9 1966........... 648.9 443.0 400.3 78.3 321.9 42.7 22.8 19.9 69.4 14.1 15.0 55.3 55.4 1967........... 685.5 475.5 428.9 86.4 342.5 46.6 24.9 21.7 71.0 12.7 13.7 58.2 58.3 1968........... 747.3 524.7 471.9 96.6 375.3 52.8 27.6 25.2 75.3 12.8 13.8 62.5 63.0 1969........... 805.4 578.3 518.3 105.5 412.7 60.0 31.5 28.5 79.1 14.6 15.8 64.6 65.0 1970........... 840.6 618.1 551.5 117.1 434.3 66.6 34.1 32.5 80.2 14.8 16.1 65.4 66.0 1971........... 908.6 660.1 584.5 126.7 457.8 75.6 38.9 36.7 86.5 15.4 16.9 71.1 72.0 1972........... 1,005.3 726.8 638.7 137.8 500.9 88.1 45.1 43.0 98.3 19.5 21.2 78.8 79.3 1973........... 1,132.3 813.1 708.6 148.7 560.0 104.4 55.3 49.2 116.8 32.6 34.5 84.2 85.9 1974........... 1,214.9 892.4 772.2 160.4 611.8 120.3 63.7 56.5 115.7 25.8 28.4 89.8 93.4 1975........... 1,305.9 951.3 814.7 176.1 638.6 136.6 70.6 65.9 121.8 24.1 27.5 97.7 99.2 1976........... 1,459.4 1,061.5 899.6 188.7 710.8 162.0 82.2 79.7 133.6 18.6 22.6 115.0 116.3 1977........... 1,638.0 1,182.9 994.0 202.4 791.6 188.9 94.1 94.7 147.4 17.5 21.8 129.9 131.0 1978........... 1,862.3 1,338.5 1,121.1 219.8 901.2 217.4 107.3 110.1 169.5 22.2 27.0 147.4 148.7 1979........... 2,078.5 1,503.3 1,255.7 236.9 1,018.8 247.5 123.2 124.3 185.0 25.3 31.1 159.7 160.9 1980........... 2,244.5 1,653.9 1,377.6 261.2 1,116.4 276.3 136.4 139.8 176.6 12.2 19.4 164.4 165.2 1981........... 2,501.4 1,827.8 1,517.6 285.6 1,232.0 310.2 157.1 153.0 187.6 21.9 30.2 165.7 160.7 1982........... 2,600.8 1,927.6 1,593.9 307.3 1,286.7 333.7 168.3 165.4 179.6 14.5 23.4 165.1 158.2 1983........... 2,793.3 2,044.2 1,684.8 324.5 1,360.3 359.4 182.2 177.2 191.9 4.1 12.8 187.8 172.2 1984........... 3,164.4 2,257.0 1,855.3 347.8 1,507.5 401.7 212.8 188.9 248.7 23.2 31.6 225.5 199.7 1985........... 3,383.4 2,425.7 1,995.7 373.5 1,622.1 430.0 226.9 203.1 268.6 23.6 31.5 245.0 210.5 1986........... 3,550.3 2,572.4 2,116.5 396.6 1,720.0 455.9 239.9 216.0 279.5 24.2 32.1 255.3 215.9 1987........... 3,813.0 2,757.7 2,272.7 423.1 1,849.5 485.0 249.7 235.4 305.1 31.5 39.2 273.6 238.2 1988........... 4,145.3 2,973.9 2,453.6 450.4 2,003.2 520.3 268.6 251.7 335.3 27.5 35.1 307.8 272.0 1989........... 4,397.3 3,151.6 2,598.1 479.4 2,118.7 553.5 280.4 273.1 357.4 36.3 43.9 321.1 284.8 1990........... 4,652.1 3,352.8 2,757.5 517.2 2,240.3 595.2 294.6 300.6 374.0 35.4 43.3 338.6 312.7 1991........... 4,761.6 3,457.9 2,827.6 546.0 2,281.5 630.4 307.7 322.7 376.5 29.3 37.2 347.2 325.0 1992........... 4,990.4 3,644.9 2,970.6 567.8 2,402.9 674.3 323.0 351.3 423.8 37.1 45.2 386.7 363.1 1993........... 5,266.8 3,814.9 3,094.0 584.3 2,509.7 720.8 335.7 385.1 450.8 32.4 40.4 418.4 392.7 1994........... 5,590.7 4,012.0 3,254.0 602.2 2,651.8 758.0 353.0 405.0 471.6 36.9 44.8 434.7 415.0 1995........... 5,912.3 4,215.4 3,442.6 623.0 2,819.6 772.9 366.0 406.8 489.0 23.4 31.4 465.5 438.8 1996........... 6,254.5 4,426.9 3,633.6 642.6 2,991.0 793.3 385.7 407.6 520.3 37.2 45.0 483.1 455.3 1997 .... 4,703.4 3,878.4 665.4 3,213.0 825.0 408.4 416.6 544.7 40.9 48.5 503.8 474.6 1992: I........ 4,927.9 3,577.1 2,916.5 561.4 2,355.1 660.7 319.9 340.8 410.2 35.9 43.7 374.4 350.8 II....... 4,981.5 3,626.5 2,956.2 567.2 2,389.0 670.3 322.7 347.6 420.8 37.1 44.9 383.8 360.7 III...... 4,949.5 3,669.2 2,988.2 569.8 2,418.3 681.0 325.1 355.9 426.6 39.0 47.8 387.6 364.4 IV....... 5,102.6 3,707.0 3,021.7 572.5 2,449.2 685.3 324.2 361.1 437.4 36.5 44.4 401.0 376.3 1993: I........ 5,159.8 3,749.3 3,045.5 581.1 2,464.5 703.8 330.0 373.8 440.3 29.7 37.7 410.6 383.5 II....... 5,236.9 3,796.3 3,079.3 581.5 2,497.7 717.0 334.7 382.3 452.2 36.3 44.2 416.0 389.0 III...... 5,281.7 3,837.6 3,111.0 586.3 2,524.7 726.6 337.1 389.5 446.2 25.6 33.8 420.6 394.8 IV....... 5,388.7 3,876.2 3,140.4 588.4 2,552.0 735.8 340.9 394.9 464.4 38.0 46.0 426.5 403.4 1994: I........ 5,423.2 3,937.4 3,190.7 596.0 2,594.8 746.7 347.1 399.5 463.9 46.4 54.3 417.5 408.1 II....... 5,556.3 3,988.0 3,232.3 601.3 2,631.0 755.6 352.0 403.7 474.7 38.8 46.7 435,9 410.9 III...... 5,636.1 4,028.7 3,267.2 603.5 2,663.7 761.5 354.6 406.9 471.6 33.2 41.1 438.4 416.6 IV....... 5,747.3 4,093.9 3,325.9 608.0 2,717.8 768.1 358.3 409.8 476.1 29.1 37.0 447.0 424.3 1995: I........ 5,807.9 4,153.2 3,384.3 617.2 2,767.1 768.9 361.0 407.9 478.2 20.6 28.6 457.6 431.3 II....... 5,862.4 4,187.9 3,417.7 621.1 2,796.7 770.2 363.6 406.6 484.4 21.3 29.3 463.1 436.6 III...... 5,953.4 4,238.0 3,463.3 625.1 2,838.2 774.6 368.0 406.7 491.7 22.9 30.8 468.7 442.4 IV....... 6,025.5 4,282.6 3,504.9 628.5 2,876.4 777.7 371.4 406.2 501.5 28.9 36.8 472.6 444.7 1996: I........ 6,108.8 4,322.2 3,540.3 635.6 2,904.7 781.9 376.8 405.0 509.3 31.9 39.8 477.4 448.8 II....... 6,229.4 4,403.9 3,612.3 640.3 2,972.0 791.5 383.6 407.9 520.0 36.5 44.3 483.5 456.4 III...... 6,303.3 4,461.0 3,664.0 645.5 3,018.4 797.0 388.6 408.4 523.8 40.1 47.9 483.7 456.1 IV....... 6,376.5 4,520.7 3,718.0 648.9 3,069.0 802.7 393.6 409.1 528.3 40.4 48.1 487.9 460.0 1997: I........ 6,510.0 4,606.3 3,792.7 657.8 3,134.9 813.6 401.3 412.3 534.6 40.2 47.9 494.4 466.3 II....... 6,599.0 4,663.4 3,842.7 662.0 3,180.8 820.7 405.6 415.1 543.6 43.6 51.2 500.0 470.8 III...... 6,699.6 4,725.2 3,897.3 667.7 3,229.6 827.9 410.2 417.7 547.2 40.9 48.5 506.3 477.0 IV p..... ......... 4,818.6 3,980.8 674.2 3,306.7 837.7 416.4 421.4 553.3 39.0 46.4 514.4 484.3 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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-26. See next page for continuation of table. Table B-28.--National income by type of income, 1959-97--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............................. 17.7 19.8 -2.0 52.9 53.1 53.4 23.6 29.7 12.7 17.0 -0.3 -0.2 10.2 1960............................. 18.6 20.6 -2.1 51.4 51.0 51.1 22.7 28.4 13.4 15.0 -.2 .5 11.2 1961............................. 19.2 21.2 -2.0 52.5 51.3 51.0 22.8 28.2 14.0 14.3 .3 1.2 13.1 1962............................. 20.0 22.0 -2.0 60.5 56.4 56.4 24.0 32.4 15.0 17.4 .0 4.1 14.6 1963............................. 20.7 22.6 -1.9 66.3 61.2 61.2 26.2 34.9 16.1 18.8 .1 5.1 16.1 1964............................. 21.0 23.0 -2.0 73.3 67.5 68.0 28.0 40.0 18.0 22.0 -.5 5.8 18.2 1965............................. 21.8 23.9 -2.2 84.1 77.6 78.8 30.9 47.9 20.2 27.8 -1.2 6.6 21.1 1966............................. 22.5 24.9 -2.5 89.8 83.0 85.1 33.7 51.4 20.9 30.5 -2.1 6.9 24.3 1967............................. 23.6 26.3 -2.7 87.4 80.3 81.8 32.7 49.2 22.1 27.1 -1.6 7.1 28.1 1968............................. 22.7 25.9 -3.2 94.2 86.9 90.6 39.4 51.2 24.6 26.6 -3.7 7.3 30.4 1969............................. 23.4 27.3 -3.9 90.9 83.2 89.0 39.7 49.4 25.2 24.1 -5.9 7.8 33.6 1970............................. 23.6 27.8 -4.2 78.7 71.8 78.4 34.4 44.0 23.7 20.3 -6.6 6.9 40.0 1971............................. 24.6 29.5 -4.9 92.0 85.5 90.1 37.7 52.4 23.7 28.6 -4.6 6.5 45.4 1972............................. 24.3 30.3 -6.0 106.7 97.9 104.5 41.9 62.6 25.8 36.9 -6.6 8.8 49.3 1973............................. 25.8 32.8 -7.0 120.1 110.9 130.9 49.3 81.6 28.1 53.5 -20.0 9.2 56.5 1974............................. 25.7 34.4 -8.6 109.2 103.4 142.8 51.8 91.0 30.4 60.6 -39.5 5.8 71.8 1975............................. 24.7 34.9 -10.2 128.2 129.4 140.4 50.9 89.5 30.1 59.4 -11.0 -1.3 80.0 1976............................. 24.3 35.7 -11.5 154.9 158.9 173.8 64.2 109.6 35.9 73.7 -14.9 -4.0 85.1 1977............................. 22.8 36.4 -13.6 184.3 186.8 203.5 73.0 130.4 40.8 89.6 -16.6 -2.5 100.7 1978............................. 24.8 41.3 -16.5 209.0 213.1 238.1 83.5 154.6 46.0 108.6 -25.0 -4.1 120.5 1979............................. 26.9 46.9 -20.0 213.1 220.2 261.8 88.0 173.8 52.5 121.3 -41.6 -7.1 150.3 1980............................. 33.9 57.5 -23.6 188.3 198.3 241.4 84.8 156.6 59.3 97.3 -43.0 -10.1 191.9 1981............................. 44.5 70.9 -26.5 207.0 204.1 229.8 81.1 148.6 69.5 79.1 -25.7 3.0 234.5 1982............................. 46.5 75.0 -28.5 182.3 166.8 176.7 63.1 113.6 69.8 43.8 -9.9 15.5 264.9 1983............................. 46.1 75.1 -28.9 235.2 203.7 212.8 77.2 135.5 80.8 54.8 -9.1 31.5 275.9 1984............................. 50.1 79.4 -29.4 290.1 238.5 244.2 94.0 150.1 83.2 66.9 -5.6 51.5 318.5 1985............................. 48.1 79.3 -31.2 304.0 230.5 229.9 96.5 133.4 92.8 40.6 .5 73.5 337.2 1986............................. 41.5 73.0 -31.5 293.8 234.0 222.6 106.5 116.1 110.2 5.8 11.4 59.8 363.1 1987............................. 44.8 77.9 -33.1 333.2 272.9 293.6 127.1 166.5 107.0 59.5 -20.7 60.2 372.2 1988............................. 55.1 90.1 -35.0 382.1 325.0 354.3 137.0 217.3 116.8 100.5 -29.3 57.1 398.9 1989............................. 51.7 91.4 -39.7 380.0 330.6 348.1 141.3 206.8 138.9 67.9 -17.5 49.3 456.6 1990............................. 61.0 99.1 -38.1 397.1 358.2 371.7 140.5 231.2 151.9 79.4 -13.5 38.9 467.3 1991............................. 67.9 107.5 -39.6 411.3 378.2 374.2 133.4 240.8 163.1 77.7 4.0 33.1 448.0 1992............................. 79.4 127.5 -48.1 428.0 398.9 406.4 143.0 263.4 169.5 93.9 -7.5 29.1 414.3 1993............................. 105.7 148.5 -42.8 492.8 456.9 465.4 165.2 300.2 195.8 104.5 -8.5 36.0 402.5 1994............................. 124.4 172.0 -47.6 570.5 519.1 535.1 186.6 348.5 216.2 132.3 -16.1 51.4 412.3 1995............................. 132.8 179.8 -47.0 650.0 598.4 622.6 213.2 409.4 264.4 145.0 -24.3 51.6 425.1 1996............................. 146.3 193.3 -47.0 735.9 674.1 676.6 229.0 447.6 304.8 142.8 -2.5 61.8 425.1 1997 ... 1992: I.......................... 77.2 115.3 -38.2 444.2 411.4 411.1 143.9 267.2 162.1 105.2 .3 32.7 419.2 II......................... 79.5 118.1 -38.6 437.2 404.3 426.2 150.9 275.2 164.6 110.6 -21.9 32.9 417.5 III........................ 69.5 145.4 -75.9 376.1 359.4 368.0 127.6 240.4 170.9 69.5 -8.6 16.7 408.1 IV......................... 91.2 131.1 -39.8 454.6 420.5 420.3 149.7 270.6 180.4 90.3 .2 34.1 412.4 1993: I.......................... 99.7 144.8 -45.1 459.2 419.2 431.7 149.2 282.5 188.0 94.5 -12.5 40.0 411.2 II......................... 105.6 146.6 -41.0 478.2 444.4 461.5 165.4 296.1 192.5 103.6 -17.1 33.8 404.6 III........................ 106.1 149.4 -43.3 492.8 459.8 459.6 161.2 298.4 198.3 100.1 .2 33.0 398.9 IV......................... 111.5 153.3 -41.9 541.2 504.1 508.9 184.9 324.0 204.2 119.7 -4.8 37.1 395.4 1994: I.......................... 112.7 171.2 -58.4 512.0 470.8 475.1 163.0 312.1 203.2 108.9 -4.3 41.2 397.2 II......................... 126.0 169.0 -43.0 562.0 510.2 525.3 182.8 342.5 211.6 131.0 -15.1 51.8 405.6 III........................ 130.1 174.0 -43.9 590.1 535.0 556.2 194.6 361.6 220.0 141.6 -21.2 55.1 415.6 IV......................... 128.9 173.9 -45.0 617.7 560.3 583.9 206.2 377.7 230.2 147.5 -23.6 57.4 430.7 1995: I.......................... 130.5 176.2 -45.7 613.2 560.4 610.7 209.6 401.0 255.5 145.6 -50.3 52.9 432.7 II......................... 132.3 178.0 -45.7 628.0 577.2 615.0 209.1 405.9 260.8 145.1 -37.8 50.8 429.7 III........................ 131.5 177.3 -45.9 672.8 621.4 630.6 218.8 411.8 266.8 145.0 -9.3 51.5 419.5 IV......................... 137.1 187.7 -50.6 685.7 634.5 634.1 215.3 418.8 274.4 144.5 .4 51.1 418.6 1996: I.......................... 143.4 189.5 -46.1 717.7 659.8 664.9 226.2 438.7 300.7 138.0 -5.1 57.9 416.2 II......................... 144.6 191.0 -46.4 738.5 676.8 682.2 232.2 450.0 303.7 146.4 -5.4 61.6 422.5 III........................ 148.0 195.5 -47.5 739.6 676.4 679.1 231.6 447.5 305.7 141.8 -2.7 63.2 430.9 IV......................... 149.2 197.3 -48.1 747.8 683.4 680.0 226.0 454.0 309.1 144.9 3.3 64.4 430.6 1997: I.......................... 149.0 197.9 -48.9 779.6 711.9 708.4 241.2 467.2 326.8 140.3 3.5 67.7 440.5 II......................... 148.7 197.6 -48.9 795.1 725.7 719.8 244.5 475.3 333.0 142.3 5.9 69.4 448.1 III........................ 148.0 197.7 -49.7 827.3 757.1 753.4 258.2 495.2 339.1 156.1 3.6 70.3 451.8 IV p....................... 146.6 197.0 -50.4 ....... ...... ....... ......... ...... 345.6 ........ 6.5 71.3 ........ -------------------------------------------------------------------------------------------------------------------------------------------------------- \2\ Without capital consumption adjustment. \3\ Without inventory valuation and capital consumption adjustments. Source: Department of Commerce, Bureau of Economic Analysis.