[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   ........
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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.