[Economic Report of the President (2004)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-14.--Gross value added of nonfinancial corporate business, 1959-2003
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Net value added                                            Addenda:
--------------------------------------------------------------------------------------------------------------
Net operating surplus
Gross                                      --------------------------------------------------------
value    Con-                       Taxes                                 Corporate profits with
added    sump-              Com-      on                                  inventory valuation and              In-     Capi-
of  non-   tion               pen-    prod-               Net     Busi-       capital consumption                ven-     tal
Year or  quarter                           finan-    of                sa-     uction           interest    ness           adjustments         Profits    tory     con-
cial     fixed    Total     tion     and                and      cur-  ----------------------------  before   valua-   sump-
corpo-    cap-                of    imports   Total     mis-      rent             Taxes                tax     tion     tion
rate     ital             employ-    less            cel-  la-  trans-              on                         ad-      ad-
busi-                        ees    subsi-              neous    fer              corpo-   Profits            just-    just-
ness \1\                               dies              pay-      pay-    Total     rate     after              ment     ment
ments    ments              in-     tax \2\
come
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1959...........................................................     266.0    21.1     244.9    170.8     24.4     49.7       2.9      1.3     45.5     20.7     24.8      43.4     -0.3      2.3

1960...........................................................     276.4    22.6     253.8    180.4     26.6     46.8       3.2      1.4     42.2     19.1     23.1      40.1      -.2      2.3
1961...........................................................     283.7    23.2     260.5    184.5     27.6     48.4       3.7      1.5     43.2     19.4     23.8      39.9       .3      3.0
1962...........................................................     309.8    23.9     285.9    199.3     29.9     56.8       4.3      1.7     50.8     20.6     30.2      44.6       .0      6.1
1963...........................................................     329.9    25.2     304.7    210.1     31.7     62.9       4.7      1.7     56.5     22.8     33.8      49.7       .1      6.8
1964...........................................................     356.1    26.4     329.7    225.7     33.9     70.2       5.2      2.0     63.0     23.9     39.2      55.9      -.5      7.7
1965...........................................................     391.2    28.4     362.8    245.4     36.0     81.4       5.8      2.2     73.3     27.1     46.2      66.1     -1.2      8.4
1966...........................................................     429.0    31.5     397.4    272.9     37.0     87.6       7.0      2.7     77.9     29.5     48.4      71.4     -2.1      8.5
1967...........................................................     451.2    34.3     416.8    291.1     39.3     86.4       8.4      2.8     75.2     27.8     47.3      67.6     -1.6      9.1
1968...........................................................     497.8    37.6     460.2    321.9     45.5     92.8       9.7      3.1     80.0     33.5     46.5      74.0     -3.7      9.7
1969...........................................................     540.5    42.4     498.1    357.1     50.2     90.8      12.7      3.2     74.9     33.3     41.6      71.2     -5.9      9.6

1970...........................................................     558.3    46.8     511.5    376.5     54.2     80.7      16.6      3.3     60.9     27.3     33.6      58.5     -6.6      8.9
1971...........................................................     603.0    50.7     552.4    339.4     59.5     93.4      17.6      3.7     72.1     30.0     42.1      67.4     -4.6      9.3
1972...........................................................     669.5    56.4     613.2    443.9     63.7    105.6      18.6      4.0     83.0     33.8     49.2      79.2     -6.6     10.5
1973...........................................................     750.8    62.7     688.1    502.2     70.1    115.8      21.8      4.7     89.4     40.4     49.0      99.4    -19.6      9.5
1974...........................................................     809.8    74.1     735.7    552.2     74.4    109.1      27.5      4.1     77.5     42.8     34.7     110.1    -38.2      5.6
1975...........................................................     876.7    87.9     788.7    575.5     80.2    133.1      28.4      5.0     99.6     41.9     57.7     110.7    -10.5      -.5
1976...........................................................     989.7    97.0     892.7    651.4     86.7    154.7      26.0      7.0    121.7     53.5     68.2     138.2    -14.1     -2.4
1977...........................................................   1,119.4   110.5   1,008.8    735.3     94.6    178.9      28.5      9.0    141.4     60.6     80.9     159.4    -15.7     -2.2
1978...........................................................   1,272.9   127.8   1,145.1    845.3    102.7    197.0      33.4      9.5    154.1     67.6     86.6     183.7    -23.7     -5.9
1979...........................................................   1,415.9   147.3   1,268.6    959.9    108.8    200.0      41.8      9.5    148.8     70.6     78.1     197.0    -40.1     -8.1

1980...........................................................   1,537.1   168.2   1,368.9  1,049.8    121.5    197.6      54.2     10.2    133.2     68.2     65.0     184.0    -42.1     -8.7
1981...........................................................   1,746.0   191.5   1,554.5  1,161.5    146.7    246.4      67.2     11.4    167.7     66.0    101.7     185.0    -24.6      7.4
1982...........................................................   1,806.2   211.2   1,594.9  1,203.9    152.9    238.1      77.4      8.8    151.9     48.8    103.1     139.9     -7.5     19.5
1983...........................................................   1,933.0   217.6   1,715.4  1,266.9    168.0    280.5      77.0     10.5    192.9     61.7    131.2     163.3     -7.4     37.1
1984...........................................................   2,167.5   230.7   1,936.8  1,406.1    185.0    345.7      86.0     11.7    248.0     75.9    172.0     197.6     -4.0     54.3
1985...........................................................   2,302.0   247.4   2,054.6  1,504.2    196.6    353.8      91.5     16.1    246.3     71.1    175.2     173.4       .0     72.8
1986...........................................................   2,387.5   255.3   2,132.2  1,583.1    204.6    344.5      95.1     27.3    222.1     76.2    145.9     149.7      7.1     65.3
1987...........................................................   2,557.1   266.5   2,290.6  1,687.8    216.8    386.0      96.4     29.9    259.7     94.2    165.5     209.8    -16.2     66.2
1988...........................................................   2,771.6   281.6   2,490.0  1,812.8    233.8    443.4     109.8     27.4    306.2    104.0    202.3     260.4    -22.2     68.0
1989...........................................................   2,912.3   301.6   2,610.7  1,914.7    248.2    447.9     142.0     23.0    282.9    101.2    181.7     238.7    -16.3     60.6

1990...........................................................   3,041.5   319.2   2,722.3  2,012.9    263.5    445.8     146.2     25.4    274.3     98.5    175.8     239.0    -12.9     48.2
1991...........................................................   3,099.7   341.4   2,758.3  2,048.4    285.7    424.2     135.9     26.7    261.5     88.6    172.9     222.4      4.9     34.2
1992...........................................................   3,236.0   353.6   2,882.3  2,154.1    302.5    425.7     111.3     25.2    289.2     94.4    194.8     258.2     -2.8     33.8
1993...........................................................   3,397.8   363.4   3,034.4  2,244.8    318.8    470.8     102.0     29.6    339.2    108.0    231.2     303.3     -4.0     39.9
1994...........................................................   3,669.5   391.5   3,278.0  2,381.5    349.6    546.9     101.0     30.0    415.9    132.9    283.1     380.1    -12.4     48.3
1995...........................................................   3,879.5   415.0   3,464.5  2,509.8    356.9    597.8     115.2     30.2    452.5    141.0    311.4     419.3    -18.3     51.5
1996...........................................................   4,109.5   436.5   3,673.0  2,630.8    369.1    673.1     111.9     38.0    523.2    153.1    370.1     458.5      3.1     61.6
1997...........................................................   4,401.8   467.1   3,934.7  2,812.9    385.5    736.3     124.0     39.0    573.4    161.9    411.5     494.2     14.1     65.0
1998...........................................................   4,655.0   493.3   4,161.7  3,045.6    398.7    717.4     143.8     35.2    538.3    158.6    379.7     449.4     20.2     68.7
1999...........................................................   4,950.8   523.8   4,427.0  3,267.7    416.6    742.7     160.2     45.0    537.6    171.2    366.3     457.9      1.0     78.7

2000...........................................................   5,272.2   567.8   4,704.3  3,544.4    443.4    716.5     191.7     48.4    476.4    170.2    306.2     423.9    -14.1     66.6
2001...........................................................   5,299.3   610.5   4,688.9  3,597.0    440.3    651.5     205.8     50.0    395.6    108.7    286.9     309.6      9.1     76.8
2002...........................................................   5,410.6   618.2   4,792.4  3,570.1    464.5    757.7     206.9     59.1    491.7    101.6    390.2     336.5     -2.2    157.5

1999: I........................................................   4,868.1   510.2   4,357.9  3,209.4    408.6    739.9     150.3     43.6    546.0    167.6    378.4     448.6     20.9     76.5
II.......................................................   4,921.5   517.2   4,404.3  3,236.2    413.2    754.9     155.7     46.0    553.3    174.5    378.8     466.6      6.6     80.1
III......................................................   4,961.8   531.4   4,430.3  3,279.5    418.9    731.9     163.1     42.1    526.8    171.0    355.8     455.3     -8.5     79.9
IV.......................................................   5,052.0   536.6   4,515.4  3,345.5    425.6    744.2     171.9     48.2    524.1    171.9    352.2     461.3    -15.3     78.1

2000: I........................................................   5,196.5   549.6   4,647.0  3,485.0    432.0    730.0     183.5     48.5    498.0    183.6    314.4     454.8    -28.6     71.8
II.......................................................   5,252.7   562.2   4,690.5  3,506.0    440.3    744.2     189.7     47.9    506.6    181.4    325.2     451.3    -11.3     66.6
III......................................................   5,316.9   574.3   4,742.6  3,577.5    447.6    717.5     196.0     48.1    473.5    165.9    307.6     415.8     -6.3     64.0
IV.......................................................   5,322.4   585.3   4,737.1  3,608.9    453.9    674.4     197.6     49.3    427.5    150.0    277.5     373.7    -10.1     63.9

2001: I........................................................   5,300.3   592.1   4,708.2  3,611.9    444.0    652.3     204.9     51.2    396.2    124.2    272.1     357.9     -4.9     43.3
II.......................................................   5,301.0   602.3   4,698.7  3,604.0    438.5    656.2     205.8     55.8    394.6    126.2    268.4     360.4     -1.6     35.8
III......................................................   5,284.8   640.8   4,644.0  3,596.3    427.9    619.8     207.0     37.3    375.5    111.1    264.4     316.3     14.3     44.9
IV.......................................................   5,311.1   606.6   4,704.5  3,576.0    450.8    677.7     205.7     55.8    416.1     73.4    342.8     204.1     28.7    183.4

2002: I........................................................   5,322.9   609.2   4,713.7  3,534.2    458.3    721.1     207.1     56.9    457.2     83.5    373.7     271.7     12.1    173.3
II.......................................................   5,408.0   617.8   4,790.2  3,568.9    462.9    758.4     205.9     58.2    494.3    101.1    393.2     333.3       .9    160.1
III......................................................   5,432.0   622.4   4,809.6  3,580.5    465.4    763.6     207.8     59.7    496.1    107.3    388.9     356.2    -11.1    151.1
IV.......................................................   5,479.3   623.4   4,856.0  3,596.8    471.5    787.6     207.0     61.4    519.3    114.5    404.8     384.7    -10.8    145.4

2003: I........................................................   5,479.2   622.9   4,856.3  3,612.6    474.1    769.6     204.5     55.1    510.0    119.8    390.2     398.4    -28.1    139.7
II.......................................................   5,581.7   619.4   4,962.3  3,640.5    469.0    852.8     201.4     56.7    594.7    117.7    477.0     383.4      1.2    210.1
III......................................................   5,708.8   621.3   5,087.4  3,671.7    486.0    929.7     202.9     59.6    667.3    133.6    533.7     433.6     -1.8    235.5
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\1\ Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the Standard Industrial Classification (SIC); later estimates are based on the North American
Industry Classification System (NAICS).
\2\ With inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.