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


 
Table B-15.--Gross value added and price, costs, and profits of nonfinancial corporate business, 1959-2003
[Quarterly data at seasonally adjusted annual rates]
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Gross  value added      Price per unit of real gross value added of nonfinancial corporate business
of  nonfinancial                                   (dollars)\1\ \2\
corporate     -----------------------------------------------------------------------------------
business                                    Unit nonlabor cost            Corporate profits with
(billions of                 Com-   -------------------------------------  inventory valuation and
dollars) \1\                 pen-                                            capital consumption
Year or quarter                 --------------------            sation             Con-     Taxes      Net         adjustments \4\
of              sump-      on     interest --------------------------
Total\2\   employ-            tion    produc-     and              Taxes
Current   Chained                ees     Total     of      tion     miscel-              on    Profits
(2000)               (unit            fixed   and  im-   laneous   Total    corpo-    after
dollars   dollars               labor           capital    ports     pay-               rate    tax\5\
cost)                       \3\      ments             income
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1959............................................    266.0    1,000.7     0.266     0.171   0.050    0.021     0.026     0.003    0.045    0.021    0.025

1960............................................    276.4    1,032.4      .268      .175    .052     .022      .027      .003     .041     .019     .022
1961............................................    283.7    1,054.8      .269      .175    .053     .022      .028      .003     .041     .018     .023
1962............................................    309.8    1,143.4      .271      .174    .053     .021      .028      .004     .044     .018     .026
1963............................................    329.9    1,211.1      .272      .173    .053     .021      .028      .004     .047     .019     .028
1964............................................    356.1    1,296.2      .275      .174    .052     .020      .028      .004     .049     .018     .030
1965............................................    391.2    1,403.3      .279      .175    .051     .020      .027      .004     .052     .019     .033
1966............................................    429.0    1,502.6      .285      .182    .052     .021      .026      .005     .052     .020     .032
1967............................................    451.2    1,539.8      .293      .189    .054     .022      .027      .005     .049     .018     .031
1968............................................    497.8    1,637.5      .304      .197    .059     .023      .030      .006     .049     .020     .028
1969............................................    540.5    1,701.2      .318      .210    .063     .025      .031      .007     .044     .020     .024

1970............................................    558.3    1,683.7      .332      .224    .072     .028      .034      .010     .036     .016     .020
1971............................................    603.0    1,751.5      .344      .228    .075     .029      .036      .010     .041     .017     .024
1972............................................    669.5    1,883.8      .355      .236    .076     .030      .036      .010     .044     .018     .026
1973............................................    750.8    1,997.8      .376      .251    .079     .031      .037      .011     .045     .020     .025
1974............................................    809.8    1,964.7      .412      .281    .092     .038      .040      .014     .039     .022     .018
1975............................................    876.7    1,937.8      .452      .297    .104     .045      .044      .015     .051     .022     .030
1976............................................    989.7    2,091.6      .473      .311    .103     .046      .045      .012     .058     .026     .033
1977............................................  1,119.4    2,245.0      .499      .328    .108     .049      .046      .013     .063     .027     .036
1978............................................  1,272.9    2,390.4      .533      .354    .114     .053      .047      .014     .064     .028     .036
1979............................................  1,415.9    2,462.1      .575      .390    .125     .060      .048      .017     .060     .029     .032

1980............................................  1,537.1    2,423.3      .634      .433    .145     .069      .054      .022     .055     .028     .027
1981............................................  1,746.0    2,500.0      .698      .465    .167     .077      .063      .027     .067     .026     .041
1982............................................  1,806.2    2,447.0      .738      .492    .184     .086      .066      .032     .062     .020     .042
1983............................................  1,933.0    2,572.8      .751      .492    .184     .085      .069      .030     .075     .024     .051
1984............................................  2,167.5    2,810.2      .771      .500    .183     .082      .070      .031     .088     .027     .061
1985............................................  2,302.0    2,940.0      .783      .512    .187     .084      .072      .031     .084     .024     .060
1986............................................  2,387.5    3,012.6      .792      .525    .194     .085      .077      .032     .074     .025     .048
1987............................................  2,557.1    3,172.2      .806      .532    .192     .084      .078      .030     .082     .030     .052
1988............................................  2,771.6    3,348.6      .828      .541    .195     .084      .078      .033     .091     .031     .060
1989............................................  2,912.3    3,401.5      .856      .563    .211     .089      .080      .042     .083     .030     .053

1990............................................  3,041.5    3,431.3      .886      .587    .220     .093      .084      .043     .080     .029     .051
1991............................................  3,099.7    3,408.1      .910      .601    .232     .100      .092      .040     .077     .026     .051
1992............................................  3,236.0    3,499.5      .925      .616    .227     .101      .094      .032     .083     .027     .056
1993............................................  3,397.8    3,604.4      .943      .623    .226     .101      .097      .028     .094     .030     .064
1994............................................  3,669.5    3,832.0      .958      .621    .227     .102      .099      .026     .109     .035     .074
1995............................................  3,879.5    3,999.1      .970      .628    .230     .104      .097      .029     .113     .035     .078
1996............................................  4,109.5    4,222.3      .973      .623    .225     .103      .096      .026     .124     .036     .088
1997............................................  4,401.8    4,493.0      .980      .626    .226     .104      .094      .028     .128     .036     .092
1998............................................  4,655.0    4,735.5      .983      .643    .226     .104      .092      .030     .114     .033     .080
1999............................................  4,950.8    5,009.9      .988      .652    .229     .105      .092      .032     .107     .034     .073

2000............................................  5,272.2    5,272.2     1.000      .672    .237     .108      .093      .036     .090     .032     .058
2001............................................  5,299.3    5,235.4     1.012      .687    .250     .117      .094      .039     .076     .021     .055
2002............................................  5,410.6    5,339.0     1.013      .669    .253     .116      .098      .039     .092     .019     .073

1999: I.........................................  4,868.1    4,927.8      .988      .651    .226     .104      .092      .030     .111     .034     .077
II........................................  4,921.5    4,982.3      .988      .650    .227     .104      .092      .031     .111     .035     .076
III.......................................  4,961.8    5,020.7      .988      .653    .230     .106      .092      .032     .105     .034     .071
IV........................................  5,052.0    5,108.9      .989      .655    .232     .105      .093      .034     .103     .034     .069

2000: I.........................................  5,196.5    5,227.0      .994      .667    .232     .105      .092      .035     .095     .035     .060
II........................................  5,252.7    5,257.7      .999      .667    .236     .107      .093      .036     .096     .035     .062
III.......................................  5,316.9    5,302.7     1.003      .675    .238     .108      .093      .037     .089     .031     .058
IV........................................  5,322.4    5,301.2     1.004      .681    .242     .110      .095      .037     .081     .028     .052

2001: I.........................................  5,300.3    5,272.5     1.005      .685    .245     .112      .094      .039     .075     .024     .052
II........................................  5,301.0    5,237.1     1.012      .688    .248     .115      .094      .039     .075     .024     .051
III.......................................  5,284.8    5,207.1     1.015      .691    .252     .123      .089      .040     .072     .021     .051
IV........................................  5,311.1    5,225.1     1.016      .684    .252     .116      .097      .039     .080     .014     .066

2002: I.........................................  5,322.9    5,255.0     1.013      .673    .253     .116      .098      .039     .087     .016     .071
II........................................  5,408.0    5,326.6     1.015      .670    .253     .116      .098      .039     .093     .019     .074
III.......................................  5,432.0    5,368.7     1.012      .667    .253     .116      .098      .039     .092     .020     .072
IV........................................  5,479.3    5,405.7     1.014      .665    .252     .115      .099      .038     .096     .021     .075

2003: I.........................................  5,479.2    5,412.1     1.012      .668    .251     .115      .098      .038     .094     .022     .072
II........................................  5,581.7    5,505.2     1.014      .661    .245     .113      .095      .037     .108     .021     .087
III.......................................  5,708.8    5,618.3     1.016      .654    .244     .111      .097      .036     .119     .024     .095
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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\ The implicit price deflator for gross value added of nonfinancial corporate business divided by 100.
\3\ Less subsidies plus business current transfer payments.
\4\ Unit profits from current production.
\5\ With inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.