[Economic Report of the President (2000)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



[[Page 322]]

 
Table B-12.--Gross product of nonfinancial corporate business, 1959-99
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Net product
--------------------------------------------------------------------------------------------------------------------------
Domestic income
Gross                               ------------------------------------------------------------------------------------------------------
product    Con-                                              Corporate profits with inventory valuation and capital  consumption
of  non-   sump-                                                                         adjustments
financial   tion               Indi-                      ---------------------------------------------------------------------------
Year or  quarter                     corpo-     of                rect                Com-                                 Profits
rate     fixed    Total     busi-              pensa-           ------------------------------------------------  Inven-  Capital    Net
busi-     cap-               ness      Total   tion  of                                    Profits after tax        tory     con-   inter-
ness     ital             taxes\1\             employ-   Total   Profits   Profits  ----------------------------  valu-    sump-     est
ees              before     tax                        Undis-    ation     tion
tax   liability   Total    Divi-   tributed  adjust-  adjust-
dends    profits    ment     ment
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1959..............................................     275.5     23.1     252.4     34.2      218.2     171.3     43.7     43.6      20.7      22.9     10.0      12.9     -0.3      0.4     3.1

1960..............................................     286.6     24.0     262.5     36.9      225.6     181.0     41.1     40.3      19.2      21.1     10.6      10.5      -.2      1.0     3.5
1961..............................................     294.5     24.6     269.9     38.6      231.2     185.2     42.1     40.1      19.5      20.6     10.6      10.1       .3      1.7     4.0
1962..............................................     321.1     25.5     295.5     41.5      254.0     200.0     49.5     44.9      20.6      24.3     11.4      12.9       .0      4.6     4.5
1963..............................................     341,5     26.5     314.9     43.7      271.2     210.9     55.5     49.8      22.8      27.1     12.6      14.4       .1      5.6     4.8
1964..............................................     368.4     28.0     340.4     46.8      293.6     226.5     61.8     56.1      24.0      32.1     13.7      18.4      -.5      6.2     5.3
1965..............................................     404.1     29.9     374.2     49.7      324.5     246.3     72.1     66.3      27.2      39.1     15.6      23.5     -1.2      7.1     6.1
1966..............................................     442.2     32.8     409.4     51.3      358.1     273.8     76.9     71.6      29.5      42.1     16.8      25.3     -2.1      7.4     7.4
1967..............................................     465,4     36.0     429.4     54.7      374.7     292.2     73.8     67.7      27.8      39.9     17.5      22.4     -1.6      7.6     8.8
1968..............................................     512.6     39.8     472.8     61.4      411.4     323.1     78.1     74.1      33.6      40.6     19.1      21.4     -3.7      7.7    10.1
1969..............................................     556.1     44.1     512.0     67.0      445.0     358.5     73.3     71.1      33.3      37.8     19.1      18.7     -5.9      8.0    13.2

1970..............................................     575.3     48.8     526.5     72.2      454.3     378.1     59.1     58.5      27.2      31.4     18.5      12.8     -6.6      7.1    17.1
1971..............................................     621.1     53.4     567.6     78.8      488.8     401.2     69.5     67.3      29.9      37.4     18.5      18.9     -4.6      6.8    18.1
1972..............................................     689.1     58.7     630.4     84.6      545.9     445.9     80.8     79.0      33.8      45.3     20.1      25.2     -6.6      8.4    19.2
1973..............................................     771.1     64.1     707.0     92.2      614.9     504.5     87.9     99.0      40.2      58.8     21.1      37.8    -19.6      8.5    22.5
1974..............................................     833.0     75.0     758.0     98.2      659.8     555.1     76.4    109.6      42.2      67.4     21.7      45.7    -38.2      5.0    28.3
1975..............................................     900.7     89.5     811.2    105.7      705.5     578.6     98.2    110.5      41.5      69.0     24.8      44.2    -10.5     -1.7    28.7
1976..............................................   1,015.2     99.2     916.1    114.0      802.1     655.0    119.7    137.9      53.0      84.9     28.0      56.9    -14.1     -4.1    27.5
1977..............................................   1,147.2    111.2   1,036.0    124.3      911.7     740.0    141.0    159.2      59.9      99.3     31.5      67.8    -15.7     -2.5    30.7
1978..............................................   1,305.7    127.0   1,178.7    135.2    1,043.5     851.0    156.2    184.4      67.1     117.3     36.4      80.9    -23.7     -4.5    36.3
1979..............................................   1,453.4    147.4   1,306.0    145.1    1,160.9     966.2    149.6    197.1      69.6     127.5     38.1      89.4    -40.1     -7.3    45.0

1980..............................................   1,581.0    170.1   1,410.9    163.8    1,247.1   1,056.9    132.0    183.6      67.0     116.6     45.3      71.3    -42.1     -9.5    58.1
1981..............................................   1,797.9    196.8   1,601.1    195.9    1,405.3   1,169.9    163.5    184.2      63.9     120.3     53.3      67.0    -24.6      3.9    71.8
1982..............................................   1,859.7    217.7   1,642.0    198.0    1,444.0   1,216.1    145.4    136.9      46.3      90.7     53.3      37.4     -7.5     15.9    82.5
1983..............................................   1,984.2    226.0   1,758.2    216.2    1,542.0   1,279.9    185.5    160.7      59.4     101.3     64.2      37.1     -7.4     32.2    76.6
1984..............................................   2,229.3    238.2   1,991.1    240.0    1,751.1   1,421.4    242.0    195.3      73.7     121.6     67.8      53.8     -4.0     50.7    87.7
1985..............................................   2,364.9    254.9   2,110.0    254.6    1,855.4   1,522.3    242.7    172.3      69.9     102.3     72.3      30.1       .0     70.4    90.4
1986..............................................   2,449.5    271.4   2,178.1    266.2    1,911.9   1,603.8    209.7    147.9      75.6      72.3     73.9      -1.6      7.1     54.8    98.4
1987..............................................   2,632.3    284.8   2,347.5    278.8    2,068.6   1,716.3    247.2    209.5      93.5     116.0     75.9      40.1    -16.2     53.9   105.1
1988..............................................   2,853.5    303.1   2,550.4    295.3    2,255.1   1,844.1    287.5    257.3     101.9     155.5     79.8      75.7    -22.2     52.3   123.6
1989..............................................   3,002.5    323.8   2,678.7    317.1    2,361.6   1,946.6    263.2    235.6      98.9     136.7    104.2      32.6    -16.3     43.9   151.8

1990..............................................   3,140.9    339.3   2,801.6    335.2    2,466.4   2,052.7    257.7    237.2      95.8     141.4    119.2      22.2    -12.9     33.4   156.0
1991..............................................   3,196.5    355.7   2,840.8    359.0    2,481.8   2,086.9    252.0    221.6      85.5     136.1    125.8      10.3      4.9     25.5   143.0
1992..............................................   3,336.4    370.5   2,966.0    380.4    2,585.6   2,194.2    278.0    258.0      91.2     166.8    135.0      31.9     -2.8     22.8   113.3
1993..............................................   3,508.8    387.0   3,121.8    400.5    2,721.3   2,290.7    324.7    305.8     105.2     200.5    149.3      51.2     -4.0     23.0   105.9
1994..............................................   3,791.7    415.0   3,376.7    436.6    2,940.1   2,430.2    402.0    381.4     128.9     252.6    158.6      94.0    -12.4     33.1   107.9
1995..............................................   4,004.0    437.7   3,566.3    455.5    3,110.8   2,552.7    442.3    422.1     136.7     285.4    179.3     106.0    -18.3     38.4   115.8
1996..............................................   4,221.5    462.7   3,758.9    473.9    3,285.0   2,667.1    509.1    460.2     150.1     310.1    201.9     108.2      3.1     45.8   108.7
1997..............................................   4,529.8    491.3   4,038.5    496.1    3,542.5   2,860.1    562.8    503.6     158.8     344.7    219.8     124.9      7.4     51.8   119.6
1998..............................................   4,834.6    522.2   4,312.4    523.5    3,788.9   3,090.4    575.0    490.6     152.5     338.1    245.4      92.7     20.9     63.5   123.5
1999.............................................  .........   559.5  ........    556.8   ........   3,299.0  .......  .......  .........  .......  .......  ........  .......     73.8  ......

1994: I...........................................   3,686.9    426.7   3,260.2    425.3    2,834.9   2,376.6    356.3    352.3     119.7     232.5    148.4      84.2     -8.3     12.3   102.1
II............................................   3,754.7    405.0   3,349.8    433.3    2,916.4   2,413.7    398.2    370.8     125.1     245.7    158.5      87.3    -10.2     37.6   104.5
III...........................................   3,818.2    411.2   3,406.9    440.6    2,966.3   2,442.7    413.7    389.3     131.1     258.2    158.1     100.1    -15.7     40.1   109.9
IV............................................   3,907.2    417.1   3,490.0    447.1    3,042.9   2,487.6    440.0    413.3     139.6     273.7    169.3     104.4    -15.6     42.3   115.3

1995:I............................................   3,932.7    425.6   3,507.1    451.6    3,055.4   2,517.8    420.6    414.1     134.4     279.6    172.7     107.0    -32.5     39.1   117.0
II............................................   3,969.2    434.2   3,535.0    455.0    3,080.1   2,538.5    424.4    414.5     134.1     280.4    173.5     106.9    -28.2     38.1   117.2
III...........................................   4,038.2    440.9   3,597.2    454.3    3,142.9   2,566.7    460.4    431.3     139.5     291.8    183.2     108.5     -9.8     39.0   115.8
IV............................................   4,076.2    450.2   3,626.0    461.1    3,164.8   2,587.9    463.6    428.7     139.0     289.7    188.0     101.7     -2.6     37.5   113.3

1996:I............................................   4,117.2    452.6   3,664.6    466.1    3,198.4   2,600.0    491.6    445.9     144.9     300.9    198.9     102.0      2.1     43.6   106.9
II............................................   4,192.7    458.5   3,734.2    472.6    3,261.6   2,649.2    504.4    460.2     150.0     310.2    195.0     115.2     -1.7     45.8   108.0
III...........................................   4,249.8    465.9   3,783.9    474.2    3,309.6   2,689.1    511.4    460.1     150.0     310.1    203.8     106.3      4.7     46.6   109.1
IV............................................   4,326.5    473.6   3,852.9    482.7    3,370.2   2,730.1    529.1    474.7     155.5     319.2    210.1     109.1      7.1     47.3   111.0

1997:I............................................   4,408.6    480.3   3,928.3    486.2    3,442.1   2,783.2    543.0    484.8     152.7     332.1    211.6     120.4      9.3     49.0   116.0
II............................................   4,483.2    487.3   3,995.9    493.9    3,502.1   2,828.8    553.7    491.6     154.8     336.7    216.0     120.8     11.2     50.9   119.6
III...........................................   4,578.9    495.1   4,083.8    501.0    3,582.8   2,878.7    583.2    525.8     166.4     359.4    221.6     137.9      4.9     52.5   120.9
IV............................................   4,648.6    502.5   4,146.0    503.2    3,642.8   2,949.9    571.2    512.1     161.5     350.7    230.1     120.6      4.0     55.1   121.8

1998:I............................................   4,723.0    508.4   4,214.6    510.0    3,704.6   3,008.7    575.0    486.2     150.9     335.3    236.2      99.1     29.5     59.4   120.9
II............................................   4,784.7    516.5   4,268.2    516.4    3,751.8   3,059.9    568.6    492.4     153.1     339.3    245.5      93.7     13.6     62.6   123.3
III...........................................   4,882.4    526.7   4,355.7    523.0    3,832.6   3,118.6    588.5    503.9     157.1     346.9    242.9     104.0     19.8     64.8   125.5
IV............................................   4,948.4    537.2   4,411.1    544.5    3,866.7   3,174.6    568.0    479.8     148.8     331.0    256.9      74.0     20.8     67.4   124.1

1999:I............................................   5,028.6    543.8   4,484.8    542.4    3,942.4   3,223.8    592.5    508.6     157.9     350.6    241.5     109.1     13.3     70.6   126.1
II............................................   5,094.9    552.3   4,542.7    549.8    3,992.9   3,270.0    594.7    534.2     166.9     367.3    267.9      99.4    -13.6     74.1   128.1
III...........................................   5,176.6    568.5   4,608.1    558.5    4,049.5   3,326.3    589.2    541.8     169.3     372.5    264.6     108.0    -26.7     74.1   134.0
IV...........................................  .........   573.6  ........    576.6   ........   3,375.9  .......  .......  .........  .......  .......  ........  .......     76.2  ......
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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.