[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



NATIONAL INCOME OR EXPENDITURE


[[Page 358]]


Table B-28.--National income by type of income, 1959-98
[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...........      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...........    5,923.7  4,208.9   3,441.9      622.7    2,819.2   767.0        365.3      401.6    488.1    22.4        30.3     465.6       442.7
1996...........    6,256.0  4,409.0   3,640.4      640.9    2,999.5   768.6        381.7      387.0    527.7    38.9        46.7     488.8       461.6
1997...........    6,646.5  4,687.2   3,893.6      664.2    3,229.4   793.7        400.7      392.9    551.2    35.5        43.0     515.8       485.3

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.........    5,816.1  4,150.3   3,381.6      617.3    2,764.3   768.8        361.7      407.1    478.6    22.8        30.7     455.7       434.9
II.........    5,873.3  4,183.6   3,416.8      621.2    2,795.6   766.7        363.2      403.6    482.4    20.4        28.3     462.0       439.9
III........    5,965.3  4,230.0   3,462.7      624.5    2,838.2   767.2        367.0      400.3    489.8    19.1        27.0     470.7       447.1
IV.........    6,039.8  4,271.6   3,506.5      627.8    2,878.7   765.1        369.5      395.6    501.5    27.4        35.3     474.1       449.0

1996:I.........    6,119.6  4,303.5   3,542.0      634.4    2,907.6   761.5        373.5      387.9    516.1    34.8        42.7     481.3       455.4
II.........    6,226.8  4,382.4   3,615.2      639.1    2,976.0   767.2        379.6      387.5    528.0    41.0        48.8     487.0       460.5
III........    6,303.6  4,444.4   3,673.6      642.7    3,030.8   770.9        384.5      386.4    533.5    43.2        51.0     490.3       462.5
IV.........    6,373.9  4,505.9   3,730.9      647.2    3,083.7   775.0        389.0      386.0    533.1    36.7        44.4     496.4       468.1

1997:I.........    6,509.0  4,586.3   3,802.2      657.0    3,145.2   784.1        394.5      389.7    540.5    36.4        44.1     504.1       474.6
II.........    6,604.5  4,649.2   3,859.2      661.6    3,197.6   790.0        398.4      391.5    549.9    37.8        45.4     512.1       481.5
III........    6,704.8  4,715.5   3,919.3      666.7    3,252.6   796.2        402.7      393.6    556.5    36.3        43.8     520.2       489.8
IV.........    6,767.9  4,798.0   3,993.6      671.4    3,322.2   804.4        407.4      397.0    558.0    31.4        38.8     526.6       495.5

1998:I.........    6,875.0  4,882.8   4,065.9      679.5    3,386.4   816.8        414.1      402.8    564.2    27.4        34.7     536.8       502.9
II.........    6,945.5  4,945.2   4,121.6      685.8    3,435.8   823.5        417.9      405.7    571.7    27.7        35.0     544.0       511.6
III........    7,032.3  5,011.6   4,181.1      692.7    3,488.4   830.5        422.1      408.4    576.1    25.2        32.3     550.9       516.9
--------------------------------------------------------------------------------------------------------------------------------------------------------
\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.


[[Page 359]]


Table B-28.--National income by type of income, 1959-98--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    66.7      46.9     -9.9    15.5     264.9
1983.............................     46.1      75.1   -28.9     235.2   203.7    212.8      77.2    135.5    74.4      61.2     -9.1    31.5     275.9
1984.............................     50.1      79.4   -29.4     290.1   238.5    244.2      94.0    150.1    79.3      70.9     -5.6    51.5     318.5
1985.............................     48.1      79.3   -31.2     304.0   230.5    229.9      96.5    133.4    83.9      49.6       .5    73.5     337.2
1986.............................     41.5      73.0   -31.5     293.8   234.0    222.6     106.5    116.1    91.4      24.7     11.4    59.8     363.1
1987.............................     44.8      77.9   -33.1     333.2   272.9    293.6     127.1    166.5    96.0      70.5    -20.7    60.2     372.2
1988.............................     55.1      90.1   -35.0     382.1   325.0    354.3     137.0    217.3   111.1     106.3    -29.3    57.1     398.9
1989.............................     51.7      91.4   -39.7     380.0   330.6    348.1     141.3    206.8   134.4      72.4    -17.5    49.3     456.6

1990.............................     61.0      99.1   -38.1     397.1   358.2    371.7     140.5    231.2   143.9      87.3    -13.5    38.9     467.3
1991.............................     67.9     107.5   -39.6     411.3   378.2    374.2     133.4    240.8   147.2      93.6      4.0    33.1     448.0
1992.............................     79.4     127.5   -48.1     428.0   398.9    406.4     143.0    263.4   147.9     115.5     -7.5    29.1     414.3
1993.............................    105.7     148.5   -42.8     492.8   456.9    465.4     165.2    300.2   157.6     142.6     -8.5    36.0     402.5
1994.............................    124.4     172.0   -47.6     570.5   519.1    535.1     186.6    348.5   182.4     166.1    -16.1    51.4     412.3
1995.............................    133.7     181.8   -48.0     672.4   613.0    635.6     211.0    424.6   205.3     219.3    -22.6    59.4     420.6
1996.............................    150.2     198.4   -48.1     750.4   679.0    680.2     226.1    454.1   261.9     192.3     -1.2    71.4     418.6
1997.............................    158.2     208.6   -50.4     817.9   741.2    734.4     246.1    488.3   275.1     213.2      6.9    76.6     432.0

1993:I...........................     99.7     144.8   -45.1     459.2   419.2    431.7     149.2    282.5   150.7     131.8    -12.5    40.0     411.2
II...........................    105.6     146.6   -41.0     478.2   444.4    461.5     165.4    296.1   154.5     141.6    -17.1    33.8     404.6
III..........................    106.1     149.4   -43.3     492.8   459.8    459.6     161.2    298.4   159.8     138.6       .2    33.0     398.9
IV...........................    111.5     153.3   -41.9     541.2   504.1    508.9     184.9    324.0   165.4     158.6     -4.8    37.1     395.4

1994:I...........................    112.7     171.2   -58.4     512.0   470.8    475.1     163.0    312.1   170.2     141.9     -4.3    41.2     397.2
II...........................    126.0     169.0   -43.0     562.0   510.2    525.3     182.8    342.5   178.1     164.4    -15.1    51.8     405.6
III..........................    130.1     174.0   -43.9     590.1   535.0    556.2     194.6    361.6   186.0     175.6    -21.2    55.1     415.6
IV...........................    128.9     173.9   -45.0     617.7   560.3    583.9     206.2    377.7   195.3     182.4    -23.6    57.4     430.7

1995:I...........................    131.1     177.5   -46.4     629.3   572.6    610.5     202.9    407.6   197.1     210.5    -37.9    56.7     426.9
II...........................    133.3     180.0   -46.7     653.9   595.5    629.4     207.6    421.9   199.0     222.8    -33.9    58.3     420.2
III..........................    131.9     178.9   -47.1     698.6   637.4    650.8     219.1    431.6   204.4     227.2    -13.4    61.2     415.2
IV...........................    138.7     190.7   -51.9     707.8   646.5    651.8     214.3    437.5   220.7     216.8     -5.3    61.3     420.2

1996:I...........................    145.0     192.2   -47.3     735.9   667.0    669.9     223.9    446.0   247.6     198.4     -2.9    68.9     419.2
II...........................    148.4     196.0   -47.5     748.3   677.1    683.4     228.6    454.8   257.1     197.6     -6.2    71.2     419.7
III..........................    152.1     200.8   -48.6     755.4   683.0    681.9     227.7    454.2   269.1     185.1      1.2    72.3     418.1
IV...........................    155.3     204.4   -49.1     762.0   688.7    685.7     224.2    461.5   273.6     187.9      3.0    73.3     417.5

1997:I...........................    157.5     206.9   -49.4     794.3   720.5    712.4     238.8    473.6   274.1     199.5      8.1    73.8     430.4
II...........................    158.0     208.0   -50.0     815.5   740.1    729.8     241.9    487.8   274.7     213.2     10.3    75.5     431.8
III..........................    158.6     209.4   -50.8     840.9   763.7    758.9     254.2    504.7   275.1     229.5      4.8    77.2     433.3
IV...........................    158.8     210.2   -51.4     820.8   740.7    736.4     249.3    487.1   276.4     210.6      4.3    80.1     432.4

1998:I...........................    158.3     209.5   -51.2     829.2   744.3    719.1     239.9    479.2   277.3     201.8     25.3    84.9     440.5
II...........................    161.0     212.2   -51.3     820.6   731.3    723.5     241.6    481.8   278.1     203.7      7.8    89.4     447.1
III..........................    163.6     215.7   -52.0     827.0   732.1    720.5     243.2    477.3   279.0     198.3     11.7    94.8     454.0
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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.