[Economic Report of the President (2005)]
[Administration of George W. Bush]
[Online through the Government Printing Office, www.gpo.gov]


 
Table B-14.--Gross value added of nonfinancial corporate business, 1959-2004
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Net value added                                             Addenda:
---------------------------------------------------------------------------------------------------------------
Gross                                                        Net operating surplus
value    Con-                       Taxes  ---------------------------------------------------------
added    sump-              Com-      on                                   Corporate profits with               In-     Capi-
of  non-   tion               pen-    prod-               Net     Busi-     inventory valuation and               ven-     tal
Year or  quarter                           finan-    of                sa-     uction           interest    ness       capital consumption      Profits    tory     con-
cial     fixed    Total     tion     and                and      cur-           adjustments           before   valua-   sump-
corpo-    cap-                of    imports   Total     mis-      rent  -----------------------------    tax     tion     tion
rate     ital             employ-    less            cel-  la-  trans-             Taxes                        ad-      ad-
busi-                        ees    subsi-              neous    fer              on cor-   Profits            just-    just-
ness \1\                               dies              pay-      pay-    Total    porate     after              ment     ment
ments    ments             income    tax \2\
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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    399.4     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..........................................................   5,293.5   646.8   4,646.7  3,595.9    439.1    611.8     204.0     50.6    357.2     111.7    245.5     310.6     11.3     35.2
2002..........................................................   5,377.7   655.7   4,722.0  3,601.3    465.1    655.5     181.7     55.5    418.4      89.0    329.4     324.1     -1.2     95.6
2003..........................................................   5,606.8   676.4   4,930.5  3,696.2    483.4    750.8     170.8     63.5    516.4     130.0    386.4     397.7    -14.1    132.9
2004 p........................................................  ........   692.4  ........  3,901.6    510.6  .......  ........     63.0  .......  ........  ........  .......  .......    197.0

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.......................................................   5,315.8   616.6   4,699.1  3,616.6    444.4    638.2     202.0     51.9    384.2     127.6    256.6     363.7     -4.1     24.6
II......................................................   5,321.3   635.9   4,685.4  3,604.8    437.1    643.6     207.0     56.9    379.7     126.2    253.5     359.9      1.1     18.7
III.....................................................   5,279.1   683.6   4,595.5  3,587.6    423.3    584.7     205.8     37.8    341.1     110.9    230.2     312.8     18.0     10.4
IV......................................................   5,257.7   651.1   4,606.6  3,574.5    451.5    580.6     201.3     55.5    323.7      82.0    241.7     206.1     30.4     87.3

2002: I.......................................................   5,309.6   648.1   4,661.5  3,571.2    456.4    633.9     193.3     54.8    385.8      73.2    312.7     266.0     15.9    104.0
II......................................................   5,375.6   653.2   4,722.5  3,605.1    464.7    652.7     183.6     54.3    414.8      86.5    328.2     314.6      1.6     98.5
III.....................................................   5,392.8   658.2   4,734.6  3,610.3    469.7    654.5     177.4     55.3    421.8      93.6    328.2     340.8    -11.8     92.8
IV......................................................   5,432.9   663.3   4,769.5  3,618.7    469.8    681.0     172.5     57.4    451.1     102.6    348.5     374.8    -10.6     86.9

2003: I.......................................................   5,443.0   668.5   4,774.5  3,627.4    477.1    669.9     171.4     58.4    440.1     120.5    319.5     376.6    -27.4     90.8
II......................................................   5,547.8   673.7   4,874.1  3,668.5    472.6    733.0     169.6     62.3    501.1     120.5    380.6     367.8     -1.0    134.3
III.....................................................   5,669.0   679.0   4,990.0  3,717.9    489.0    783.2     170.2     65.7    547.3     132.2    415.1     401.4     -3.8    149.7
IV......................................................   5,767.5   684.3   5,083.3  3,771.0    495.0    817.2     172.1     67.8    577.3     146.8    430.5     445.0    -24.3    156.6

2004: I.......................................................   5,839.4   671.8   5,167.6  3,818.1    501.1    848.5     174.8     69.0    604.6     147.7    456.9     443.4    -37.0    198.3
II......................................................   5,955.5   680.9   5,274.7  3,878.6    508.4    887.6     177.2     69.6    640.8     164.9    475.9     496.5    -47.8    192.0
III.....................................................   6,036.7   726.8   5,309.8  3,928.2    511.7    870.0     177.3     42.5    650.2     167.5    482.7     506.5    -37.8    181.5
IV p....................................................  ........   690.0  ........  3,981.6    521.3  .......  ........     70.9  .......  ........  ........  .......  .......    216.0
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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.