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SNA, July 19, 2004

1. Total Economy - Current Account


Billions of dollars

1985 1986
1 Gross domestic product(GDP)/Gross value added 4203.7 4415.8
(income approach)
2 Less consumption of fixed capital 506.7 531.3
3 Equals net domestic product/Net value added 3697 3884.5
4 Compensation of employees (paid) 2425 2571.8
5 Wages and salaries 1995.8 2116.6
6 Employers' social contributions 429.3 455.3
7 Taxes on production and imports less subsidies 287.3 299
8 Operating surplus, net 984.8 1013.8
9 Plus income receipts from the rest of the world 112.5 111.4
10 Less income payments from the rest of the world 85.9 93.6
11 Equals net national income/Balance of primary incomes, net 3723.9 3902.5
12 Operating surplus, net 984.8 1013.8
13 Compensation of employees (received) 2424.9 2570.1
14 Wages and salaries 1995.7 2114.8
15 Employers' social contributions 429.2 455.3
16 Taxes on production and imports, receivable 308.5 323.7
17 Subsidies, payable -21.2 -24.8
18 Property income (received) 1800.4 1870.8
19 Interest 1337.4 1391.6
20 Distributed income of corporations 428.5 449.7
21 Dividends 134.3 146.8
22 Withdrawals from income of quasi-corporations 294.2 302.9
23 Reinvested earnings on foreign direct investment 25.8 20.9
24 Rents 8.9 8.6
25 Less uses of property income (paid) 1773.4 1851.2
26 Interest 1348.5 1411.4
27 Distributed income of corporations 416.6 431.9
28 Dividends 122.4 128.9
29 Withdrawals from income of quasi-corporations 294.2 303
30 Reinvested earnings on foreign direct investment -0.5 -0.8
31 Rents 8.8 8.7
32 Net national income/Balance of primary incomes, net 3723.9 3902.5
33 Plus current taxes on income, wealth, etc. (received) 515.8 545.5
34 Less current taxes on income, wealth, etc. (paid) 516.8 546.9
35 Plus social benefits (received) 684 731.5
36 Less social contributions (paid) 685.3 733
37 Plus other current transfers (received) 126.2 136.1
38 Less other current transfers (paid) 146.3 157.4
39 Equals disposable income, net 3701.5 3878.1
40 Less final consumption expenditures 3440.5 3675.8
41 Equals net saving 261 202.4
42 GDP line 1 4203.7 4415.8
43 Plus statistical discrepancy (NIPA) 16.7 47.2
44 Equals GDP (NIPA, expenditure approach) 4220.3 4462.9
1987 1988 1989 1990 1991 1992 1993 1994 1995 1996
4717.8 5123.2 5444.7 5736.9 5923.4 6235 6517.9 6929.7 7296.4 7723.1

561.8 597.8 644.3 682.4 725.9 751.8 776.4 833.7 878.4 918
4155.9 4525.5 4800.4 5054.5 5197.5 5483.1 5741.5 6096 6418.1 6805
2751.7 2968.1 3146.6 3340.6 3448 3638.4 3804.6 4001.3 4197.3 4394.7
2272.2 2453.8 2597.6 2756.3 2825.8 2967.6 3092.5 3253.8 3439.7 3627.3
479.5 514.1 548.9 584.3 622.3 670.8 712.2 747.5 757.6 767.4
317.6 345.6 372.1 398.6 430.2 453.9 467.1 513.5 524.2 546.8
1086.6 1212.1 1281.7 1315 1319.4 1390.7 1469.6 1581.4 1696.4 1863.5
123.2 152.1 177.7 189.1 168.9 152.7 156.3 186.4 234 248.7
105.3 128.5 151.5 154.3 138.5 123 124.3 160.2 198.2 213.7
4173.8 4549.3 4826.3 5089.2 5228.1 5512.7 5773.3 6122.1 6454 6840
1086.6 1212.1 1281.7 1315 1319.4 1390.7 1469.6 1581.4 1696.4 1863.5
2750.2 2967.2 3145.2 3338.2 3445.3 3635.4 3801.4 3997.2 4193.3 4390.5
2270.7 2452.9 2596.3 2754 2823 2964.5 3089.2 3249.8 3435.7 3623.2
479.5 514.2 548.9 584.2 622.3 670.9 712.2 747.5 757.7 767.3
347.9 374.9 399.3 425.5 457.5 483.8 503.5 545.7 558.3 581.1
-30.2 -29.4 -27.2 -26.8 -27.3 -29.9 -36.4 -32.1 -34 -34.3
1959.1 2175.7 2467.6 2569.8 2528.8 2454.1 2439.2 2591 2892.8 3107
1442 1584.3 1826.4 1888.6 1841.2 1694.8 1620.6 1709.4 1935 2030.8
478.5 558.6 607.4 637.2 646.3 718.4 761.8 829.5 882 997.4
151.1 192.5 220 228.8 236.5 249.9 263.2 305.7 335.5 396.8
327.4 366.1 387.4 408.4 409.8 468.5 498.6 523.8 546.5 600.6
31 26.4 27.6 37.3 34 33.6 49.5 44.8 68.8 70.3
7.6 6.4 6.2 6.8 7.3 7.4 7.2 7.2 7 8.6
1939.9 2151.2 2440.2 2532.6 2495.5 2421.4 2403.9 2560.7 2852.9 3067.8
1470.8 1616.7 1865.9 1927.5 1884.3 1735.2 1662.3 1756.2 1987.8 2093.5
461.7 526.8 575.9 612.2 622 690.3 741.3 792.2 849.4 957
134.3 160.6 188.5 203.8 212.2 221.8 242.7 268.4 302.9 356.4
327.4 366.2 387.4 408.4 409.8 468.5 498.6 523.8 546.5 600.6
-0.3 1.3 -7.8 -13.9 -18.1 -11.4 -6.9 5 8.7 8.7
7.7 6.4 6.2 6.8 7.3 7.3 7.2 7.3 7 8.6
4173.8 4549.3 4826.3 5089.2 5228.1 5512.7 5773.3 6122.1 6454 6840
618.2 644.5 710.4 736.3 722.9 756.4 814.7 880.5 959 1060.9
619.5 646.7 712.2 738.3 725.3 759.3 817.6 884.5 962.7 1063.8
770.5 837.5 905.2 983.2 1078.7 1184.7 1253.4 1320.4 1391.2 1457.4
772 839.1 906.7 985 1080.9 1186.7 1255.3 1322.5 1393.1 1459.5
130.9 140.4 154 169.2 194 219.3 233.2 249.3 262.2 280.1
151.7 162.2 177.1 192.6 179.1 248 265.7 281.2 292.1 314.1
4150.4 4523.8 4799.8 5062.2 5238.4 5479.2 5736 6084.2 6418.5 6800.9
3915.4 4206.5 4499.8 4804.3 5000.2 5283.2 5550.1 5847.4 6112.4 6427.9
234.9 317.3 299.9 257.9 238.1 196 185.9 236.8 306.1 373
4717.8 5123.2 5444.7 5736.9 5923.4 6235 6517.9 6929.7 7296.4 7723.1
21.7 -19.7 39.5 66.1 72.6 102.8 139.8 142.5 101.2 93.7
4739.5 5103.8 5484.3 5803.1 5995.9 6337.7 6657.5 7072.2 7397.6 7816.8
1997 1998 1999 2000 2001 2002
8233.6 8761.7 9304.2 9944.1 10213 10558 1

974.4 1030.1 1101.2 1187.8 1266.9 1288.6 2


7259.2 7731.6 8202.9 8756.3 8946.2 9269.3 3
4666 5023.9 5362.3 5787.3 5945.4 6024.4 4
3879.1 4187.3 4476.6 4833.8 4947.9 4979.8 5
787.1 836.7 885.7 953.5 997.7 1044.6 6
579.1 604.5 629.9 664.5 674.6 721.8 7
2014.1 2103.1 2210.7 2304.5 2326.2 2523.2 8
286.7 287.1 320.8 382.7 319 299.1 9
253.7 265.8 287.1 343.7 283.8 277.7 10
7292.2 7752.9 8236.5 8795.1 8981.1 9290.8 11
2014.1 2103.1 2210.7 2304.5 2326.2 2523.2 12
4661.7 5019.4 5357.1 5782.7 5940.4 6019.1 13
3874.7 4182.7 4471.4 4829.2 4942.9 4974.6 14
787 836.7 885.7 953.4 997.6 1044.5 15
612 639.9 674.1 708.9 729.8 760.1 16
-32.8 -35.4 -44.2 -44.3 -55.3 -38.2 17
3379.3 3620.3 3787.3 4302.6 4274.8 4146.6 18
2208 2390.2 2491.8 2877.1 2833 2643 19
1086.5 1158.1 1202.8 1297.9 1331.1 1370.5 20
451.7 472.2 465.8 509.9 498.5 509.1 21
634.8 685.9 737 788 832.6 861.4 22
75.5 63.6 84.1 116.2 97.3 121 23
9.3 8.4 8.6 11.4 13.5 12.1 24
3342 3594.4 3748.4 4259.2 4234.7 4119.9 25
2281.7 2467.3 2574.3 2979.3 2954.2 2769.6 26
1035.9 1115.7 1161.1 1268.5 1295.9 1331.3 27
401.1 429.8 424.1 480.4 463.3 469.8 28
634.8 685.9 737 788.1 832.6 861.5 29
15.2 3 4.4 0 -28.9 6.9 30
9.2 8.4 8.6 11.4 13.5 12.1 31
7292.2 7752.9 8236.5 8795.1 8981.1 9290.8 32
1168.5 1271.9 1362.2 1498 1442.8 1246.1 33
1172.4 1275.3 1366.1 1500.8 1444.8 1248.1 34
1519 1576.8 1649.4 1744.3 1871.2 1999.7 35
1521.1 1579.2 1651.8 1746.9 1873.8 2002.6 36
285.9 314.3 347.6 383.5 428.1 452.6 37
321.6 357.4 388.4 434.1 470.5 507.2 38
7250.6 7703.9 8189.2 8739.1 8934.1 9231.5 39
6764 7135.5 7616.5 8156.5 8543.2 8980.7 40
486.6 568.5 572.7 582.7 390.9 250.8 41
8233.6 8761.7 9304.2 9944.1 10213 10558 42
70.6 -14.7 -35.7 -127.2 -112.3 -77 43
8304.3 8747 9268.5 9817 10100.8 10480.9 44
SNA, July 19, 2004

2. Selected Aggregates for Total Economy and Sectors


Billions of dollars

Description 1985 1986 1987


1 Gross domestic product(GDP)/Gross value added 4203.7 4415.8 4717.8
2 Households and nonprofit institutions serving households 407.7 439.7 480.3
3 Nonfinancial noncorporate business 649.8 676.5 701.9
4 Nonfinancial corporate business 2302 2387.5 2557.1
5 Financial business 253.5 285.4 312.7
6 Federal government 236.2 245.2 257.8
7 State and local government 354.5 381.5 408
8 Net saving 261 202.4 234.9
9 Households and nonprofit institutions serving households 279.9 268.3 241.4
10 Nonfinancial corporate business 127.5 92.9 117.8
11 Financial business 6 11 8.3
12 Federal government -174.7 -190.8 -145
13 State and local government 22.3 21 12.4
Net capital transfers
14 Households and nonprofit institutions serving households -8.9 -9.7 -10.2
15 Federal government -13 -13 -11.8
16 State and local government 22 23 22.3
17 Gross fixed capital formation 873.2 913.2 942.1
18 Households and nonprofit institutions serving households 169.3 196.5 214.7
19 Nonfinancial noncorporate business 120.3 127.2 129.8
20 Nonfinancial corporate business 373.3 358.6 354.6
21 Financial business 51.5 57.6 58.7
22 Federal government 74.4 80.4 85.8
23 State and local government 84.4 92.8 98.5
24 Consumption of fixed capital 506.7 531.4 561.8
25 Households and nonprofit institutions serving households 61 64.9 69.5
26 Nonfinancial noncorporate business 77.6 81.1 84.2
27 Nonfinancial corporate business 247.4 255.4 266.5
28 Financial business 28 30.5 35
29 Federal government 48.1 51.6 55.2
30 State and local government 44.6 47.9 51.4
31 Change in inventories 21.8 6.6 27.1
32 Nonfinancial noncorporate business 6.6 -1 -4.7
33 Nonfinancial corporate business 15.3 7.6 31.9
34 Net lending/borrowing -127.2 -185.7 -172.1
35 Households and nonprofit institutions serving households 162.8 127.1 86
36 Nonfinancial noncorporate business -49.3 -45.1 -40.9
37 Nonfinancial corporate business -11.5 -17.3 1.5
38 Financial business -17.5 -16.1 -15.4
39 Federal government -213.3 -229.7 -186.9
40 State and local government 1.6 -4.7 -16.5
Memo:
41 Statistical discrepancy (NIPA) 16.7 47.2 21.7
42 Rest of the world 110.8 138.9 150.4
Total other volume changes
43 Households and nonprofit institutions serving households 127.9 205.7 201.5
44 Nonfinancial noncorporate business -64.9 -8.3 -28.2
45 Nonfinancial corporate business -8.2 74.5 30.4
46 Financial business 27.6 78.7 75.2
47 Federal government -22.5 -20.5 -15.8
48 State and local government -10.8 -5.7 -13.6
49 Rest of the world -8 -18.3 41.8
Holding gains/losses
50 Households and nonprofit institutions serving households 1064.2 991.3 599.4
51 Nonfinancial noncorporate business 179.8 169.4 121.6
52 Nonfinancial corporate business -370.7 -342.2 30.9
53 Financial business -2.9 -18.8 86.1
54 Federal government 7 15.4 8.5
55 State and local government 44.8 81.7 73.1
56 Rest of the world 12.7 -9.7 -119.1
Change in net worth
57 Households and nonprofit institutions serving households 1463.2 1455.7 1032.1
58 Nonfinancial noncorporate business 114.9 161.1 93.4
59 Nonfinancial corporate business -251.4 -174.9 179.1
60 Financial business 30.8 71 169.6
61 Federal government -203.6 -208.9 -164
62 State and local government 78.3 119.9 94.2
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997
5123.2 5444.7 5736.9 5923.4 6235 6517.9 6929.7 7296.4 7723.1 8233.6
527.1 571.7 621.1 662.9 700.1 734.2 773.5 817.7 854.5 898.1
777.6 837 880.9 886.5 947.4 971.1 1020.9 1052.8 1120.5 1184.8
2771.6 2912.3 3041.5 3099.7 3236 3397.8 3669.5 3879.5 4109.5 4401.8
334.7 363.1 379 406.8 443.1 474.4 491 541 601.9 679.2
272.3 286.5 299.4 321.4 333.2 335.5 339.2 338.7 343.7 349.3
439.9 474.1 515 546.1 575.2 604.9 635.6 666.7 693 720.4
317.3 299.9 257.9 238.1 196 185.9 236.8 306.1 373 486.6
272.9 287 299.5 324 350.1 290.4 267 267.2 231.9 215.5
142.7 108 104.5 95.3 101.2 129.8 158.8 186.5 226.8 248.7
18.3 14.2 18.7 36.7 41.4 38.3 12.8 37.4 30.3 39.1
-134.5 -130.1 -172 -213.7 -297.4 -273.5 -212.3 -197 -141.8 -55.8
17.9 20.8 7.2 -4.2 0.7 0.9 10.5 12 25.8 39.1

-10.6 -11.9 -15.2 -14.9 -16.3 -18.2 -20.8 -20.7 -23.7 -27.8
-12 -11.2 -16.5 -15.3 -11.2 -11.6 -10.8 -12.8 -10.7 -8.5
23.1 23.4 25 25.8 26.9 28.6 29.9 32.4 33.9 35.3
989.3 1044.9 1062.1 1023.6 1071.5 1151.6 1254.6 1345.6 1454.4 1570
226.1 229 217.3 207.3 240.9 262.1 296.3 292.1 320.3 345
133.2 134.4 119.9 109.2 106.2 123.9 119.1 135 141.5 122.8
380.1 413.8 442.9 427.7 439.1 475.5 523.2 597.5 635.4 684.6
63.7 70.1 66.4 59 62.2 71.1 94.6 88.2 112.2 165.5
79.9 83 88.5 88.3 88.8 83.3 78.3 78.7 81.1 73.2
106.3 114.7 127.2 132.1 134.3 135.7 143 154 163.8 178.9
597.8 644.3 682.4 725.9 751.8 776.4 833.8 878.4 918 974.4
74.6 81.5 85.1 89.5 96.8 100.1 107.1 113.2 118.2 125.1
88.6 94.2 97.2 99.9 100.1 101.7 109.5 111.2 114.8 119.1
281.6 301.6 319.2 341.4 353.6 363.4 391.6 415 436.5 467.1
38.9 44.8 50 56 56.7 59.5 66.9 74 79.3 89
59.3 63.5 67.9 72.2 74.7 77.9 80.2 81.9 82 82.5
54.8 58.7 63 66.9 69.9 73.8 78.5 83.1 87.2 91.6
18.5 27.7 14.5 -0.4 16.3 20.8 63.8 31.1 30.8 72
-10.4 1.4 3 -1.2 6.8 -4.8 14.7 -9 9.7 6.7
28.8 26.3 11.6 0.8 9.6 25.6 49.2 40.1 21 65.3
-92.1 -127.8 -142.9 -63.7 -140.5 -211.3 -249.6 -193 -194.8 -181.9
110.8 127.6 152.1 191.4 189.9 110.3 57 67.7 6.2 -32.3
-34.3 -41.6 -25.6 -8.1 -12.9 -17.4 -24.3 -14.8 -36.5 -10.3
19.6 -26.1 -25.7 14 12.3 -1.9 -15.6 -36.7 8.8 -36
-6.5 -11.1 2.3 33.7 35.9 26.7 -14.9 23.2 -2.6 -37.4
-167 -160.1 -208.2 -245.3 -322.9 -290.7 -221.4 -199.3 -147.8 -47.3
-14.8 -16.6 -37.7 -49.4 -42.7 -38.3 -30.5 -33 -22.9 -18.8

-19.7 39.5 66.1 72.6 102.8 139.8 142.5 101.2 93.7 70.6
111.8 88.1 76.6 -9 37.5 71.7 106.8 92.1 101 111.2
206.3 64.1 200.2 81.8 107.1 127.7 188.8 113.4 307.1 186.9
-35.4 -41.6 24.2 36.4 32.4 54.8 33.7 19.7 -21.1 -64.9
103.5 63.9 3.5 4.8 -119.7 94.5 113.5 177.3 125.5 128
61.8 90.8 -12.9 -44.7 -30.8 48.5 -28 49.8 -7.3 21.7
-44.2 -28.3 0.8 -8.3 -41.1 2.3 -14.1 29.8 -48.2 -11.6
-21 10.9 14.2 -0.6 16.4 4.5 -8.6 29.6 15.5 -44
-16 -8.4 -23.3 53 25.6 20.5 16.3 -60 86.9 -56.8

1070.1 1414.5 -138.5 1193.7 503.2 846.6 200.7 2501.9 2040.3 3405.7
160.9 153.1 26.6 -58.6 -89.4 19.6 136.7 173.3 196.6 314.2
-196.2 -619.6 116.2 -1248.6 -598.9 -627.2 153.1 -1547.9 -1164 -1846.6
1.6 -43.5 161.1 -88.5 -71.9 -56.2 100.6 -267.3 -239.9 -584.6
36.6 35.1 30 28.7 33.4 48.3 52.2 46 32.7 39.1
51.7 67.9 61.1 13 51.6 75.8 123 101.5 86.5 116.5
-13.1 28.7 -69.6 10.7 38.1 -141.2 -102.8 74.7 -111.5 80.7

1538.7 1753.8 345.9 1584.7 944.3 1246.5 635.7 2861.9 2555.8 3780.2
125.5 111.5 50.8 -22.2 -56.9 74.5 170.4 193 175.5 249.4
50 -447.6 224.2 -1148.5 -617.4 -402.9 425.5 -1184.1 -811.7 -1469.9
81.6 61.5 166.9 -96.5 -61.4 30.5 85.4 -180.2 -216.9 -523.8
-154.1 -134.5 -157.5 -208.5 -316.4 -234.5 -184.9 -133.9 -168 -36.6
71.8 123.1 107.5 34 95.6 109.7 154.7 175.5 161.7 146.9
1998 1999 2000 2001 2002
8761.7 9304.2 9944.1 10213 10558 1
952.1 1014.8 1083.3 1155.8 1229.3 2
1284.8 1372.4 1475.7 1569.5 1629.3 3
4655 4950.8 5272.2 5299.3 5410.6 4
764.3 813.8 899.8 917.7 949 5
352.9 361.9 378.7 386.9 408.9 6
752.6 790.5 834.4 883.8 930.9 7
568.5 572.7 582.7 390.9 250.8 8
275.9 163.6 168.3 127.1 183.1 9
191.3 210.7 155.2 118.9 197.7 10
10.5 44.4 19.7 77.1 113.2 11
38.8 103.6 189.5 50.5 -240 12
52 50.4 50 17.3 -3.2 13

-33.1 -37.4 -36.5 -36.7 -34.2 14


-3.6 -7.4 -8.1 -12.9 -18.7 15
36 39.9 43.7 48.5 51.7 16
1700.7 1845.6 1983.5 1960.3 1921 17
388.2 418.5 440.4 467.8 495 18
151.6 199.5 225.1 205.7 195.4 19
709.7 800.5 882.1 847 771.2 20
188.9 140.2 131.4 122.9 122.2 21
75.8 80.8 79.5 81.2 88.7 22
186.5 206.1 225.1 235.8 248.4 23
1030.1 1101.3 1187.9 1266.9 1288.6 24
132.9 144.5 154.8 167.4 175.2 25
126.5 134.6 142.1 148 150.9 26
493.3 523.9 567.9 610.5 618.2 27
98.4 111.4 126.1 135.1 133.5 28
82.8 84.8 87.2 88.2 89.1 29
96.2 102.1 109.8 117.7 121.7 30
70.8 66.9 56.5 -36.1 5.4 31
4.8 0.8 1.6 -1.7 -2.9 32
65.9 66.1 54.9 -34.4 8.3 33
-173.5 -243.1 -270.2 -267.5 -388.4 34
-12.3 -147.7 -153.6 -209.9 -171 35
-29.9 -65.7 -84.6 -56 -41.5 36
-89.4 -124.3 -205.5 -75.3 45.2 37
-80 15.6 14.4 89.3 124.5 38
47.9 101.3 189.3 45.4 -258.7 39
-9.9 -22.3 -30.3 -61 -86.9 40

-14.7 -35.7 -127.2 -112.3 -77 41


188.1 278.8 397.4 379.6 465.4 42
301.9 248.1 52 381.6 36 43
-76.6 -72.5 -26.9 -21.5 -36 44
438.5 491.4 651.4 26.4 7.3 45
-4.3 -48.7 -156.5 -104.3 -205.3 46
-28.7 46 36.2 -4.5 -29.2 47
45.1 22.6 22 33.1 25.2 48
-202.2 -264 238.9 50.9 -39.9 49

2961.3 4577.7 -458.7 -1245.5 -1839.7 50


325 280.1 395.7 113.7 226.2 51
-1674.3 -3513.9 2823.8 1614.3 2879.4 52
-21.4 395.1 -509.6 322 464.1 53
28.3 43.2 40.3 32.4 29.4 54
100.1 141.6 176.8 79.1 76.9 55
105.3 -295.1 -54.9 119.4 47.9 56

3506.2 4952 -274.7 -773.4 -1654.8 57


248.4 207.6 368.7 92.2 190.2 58
-1044.5 -2811.7 3630.4 1759.6 3084.4 59
-15.2 390.9 -646.4 294.7 372 60
34.9 185.5 257.8 65.6 -258.6 61
233.2 254.6 292.5 178 150.5 62
SNA, July 19, 2004

3. Households and Nonprofit Institutions Serving Households


Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Gross domestic product(GDP)/Gross value added 407.7 439.7 480.3
2 Less consumption of fixed capital 61 64.9 69.5
3 Equals net domestic product/Net value added 346.7 374.8 410.8
4 Compensation paid by households and NPISHs 141 153.5 172.7
5 Wages and salaries 123.3 134 150.8
6 Employers' social contributions 17.7 19.5 21.9
7 Taxes on production and imports less subsidies 47 49.9 54.5
8 Operating surplus, net 158.8 171.4 183.6
9 Net national income/Balance of primary incomes, net 3292.1 3479.4 3710.5
10 Operating surplus, net 158.8 171.4 183.6
11 Compensation of employees (received) 2424.9 2570.1 2750.2
12 Wages and salaries 1995.7 2114.8 2270.7
13 Employers' social contributions 429.2 455.3 479.5
14 Property income (received) 948.8 999 1045.1
15 Interest 557.2 590.1 605.5
16 Distributed income of corporations 391.6 408.9 439.6
17 Dividends 97.4 106 112.2
18 Withdrawals from income of quasi-corporations 294.2 302.9 327.4
19 Less uses of property income (interest paid) 240.4 261.1 268.4
20 Net national income/Balance of primary incomes, net 3292.1 3479.4 3710.5
21 Less current taxes on income, wealth, etc. (paid) 417.4 437.3 489.1
22 Plus social benefits (received) 402.6 428 447.4
23 Less social contributions (paid) 281.4 303.4 323.1
24 Plus other current transfers (received) 22.3 22.9 20.2
25 Less other current transfers (paid) 18 21.6 24.3
26 Equals disposable income, net 3000.2 3168 3341.6
27 Less final consumption expenditures 2720.3 2899.7 3100.2
28 Equals net saving 279.9 268.3 241.4
CAPITAL ACCOUNT:
29 Net saving and capital transfers 271.1 258.7 231.2
30 Net saving 279.9 268.3 241.4
31 Capital transfers received (net) -8.9 -9.7 -10.2
32 Capital formation, net 108.3 131.6 145.2
33 Gross fixed capital formation, excluding consumer durables 169.3 196.5 214.7
34 Residential 149.3 175 189.7
35 Nonresidential (nonprofit organizations) 20 21.5 25
36 Less consumption of fixed capital 61 64.9 69.5
37 Net lending or borrowing, capital account lines 29-32 162.8 127.1 86
FINANCIAL ACCOUNT:
38 Net lending or borrowing, capital account (line 37) 162.8 127.1 86
39 Net acquisition of financial assets 513.2 524.7 433.1
40 Currency and deposits 144.7 208.8 131.1
41 Currency and transferable deposits 16.9 113.2 1.9
42 Other deposits 127.8 95.6 129.2
43 Foreign deposits 0.8 0.8 -0.1
44 Time and savings deposits 126.9 94.8 129.3
45 Securities other than shares 107.5 51.8 179.5
46 Open market paper -9.2 -0.3 -0.8
47 U.S. savings bonds 5.3 13.6 7.8
48 Treasury securities 10.9 -15.9 22.2
49 Agency- and GSE-backed securities -6.1 2.4 7
50 Municipal securities 103.8 15.4 105.8
51 Corporate and foreign bonds 2.7 36.8 37.5
52 Loans 21.6 4.3 5.6
53 Short-term (security credit) 13.5 9 -5.8
54 Long-term (mortgages) 8.2 -4.6 11.4
55 Shares and other equity -84.7 47.3 -97.3
56 Corporate equities -131.1 -123.3 -145
57 Mutual fund shares 79.7 137.5 63
58 Money market mutual fund shares 6.8 42.3 21.4
59 Equity in noncorporate business -40 -9.2 -36.7
60 Insurance technical reserves 323.1 212.7 213
61 Net equity in life insurance and pension funds 294.2 194.4 186.2
62 Net equity in life insurance reserves 11.5 18.3 26.9
63 Net equity in pension fund reserves 282.7 176.2 159.3
64 Prepayments of premiums and reserves against claims 28.9 18.3 26.8
65 Net equity in reserves of other insurance companie 24.9 14.2 21.4
66 Net equity in other life insurance company reserve 4.1 4.1 5.3
67 Other accounts receivable (miscellaneous assets) 0.9 -0.3 1.2
68 Net incurrence of liabilities 329.3 267.3 252.2
69 Securities other than shares (municipals) 30.2 -3 -0.3
70 Loans 295.9 269.3 246.6
71 Short-term 118.8 66.7 20.1
72 Consumer credit 84 55.8 32.3
73 Bank loans n.e.c. 9 0 0.9
74 Other loans and advances 6.9 4.3 3.3
75 Security credit 18.9 6.7 -16.3
76 Long-term (mortgages) 177.1 202.6 226.5
77 Insurance technical reserves (unpaid premiums) 0.1 -1.3 1.2
78 Other accounts payable (trade debt) 3.1 2.3 4.7
Memo:
79 Net lending or borrowing, financial account (lines 39-68) 183.9 257.4 180.9
OTHER CHANGES IN VOLUME ACCOUNT:
80 Total other volume changes 127.9 205.7 201.5
81 Net investment in consumer durable goods 84.2 98.9 90.6
82 Other volume changes 22.5 -23.5 16
83 Less statistical discrepancy (lines 37-[39-68])* -21.1 -130.3 -94.9
REVALUATION ACCOUNT:
84 Nonfinancial assets 497.7 373.6 332.9
85 Real estate 484.6 342 309.5
86 Consumer durable goods 12.7 31 22.9
87 Equipment and software 0.4 0.6 0.6
88 Financial assets 566.6 617.7 266.5
89 Shares and other equity 470 559.8 244
90 Corporate equities 346.9 394 99
91 Mutual fund shares 23.3 26.2 -13.6
92 Equity in noncorporate business 99.7 142.8 158.7
93 Insurance technical reserves 96.5 57.9 22.5
94 Changes in net worth due to nominal holding gains/losses 1064.2 991.3 599.4
CHANGES IN BALANCE SHEET ACCOUNT:
95 Change in net worth (lines 32+37+80+94) 1463.2 1455.7 1032.1
BALANCE SHEET ACCOUNT (end of period):
96 Total assets 16513.7 18235.2 19474.2
97 Nonfinancial assets 6526.2 7121.1 7683.2
98 Real estate 5240.9 5704 6150
99 Consumer durable goods 1254 1383.9 1497.3
100 Equipment and software 31.3 33.3 35.9
101 Financial assets 9987.5 11114 11791
102 Currency and deposits 2302.9 2507.7 2632.3
103 Currency and transferable deposits 313.8 427 428.6
104 Other deposits 1989.1 2080.6 2203.7
105 Foreign deposits 7.8 8.8 9.8
106 Time and savings deposits 1981.3 2071.9 2194
107 Securities other than shares 857.7 897.6 1063.5
108 Open market paper 56.5 56.1 55.3
109 U.S. savings bonds 79.8 93.3 101.1
110 Treasury securities 206 181.1 207.1
111 Agency- and GSE-backed securities 26.1 27 34.3
112 Municipal securities 396.3 412.3 516.7
113 Corporate and foreign bonds 93.1 127.7 149
114 Loans 159.7 164 167
115 Short-term (security credit) 35.1 44 39.1
116 Long-term (mortgages) 124.6 120 127.9
117 Shares and other equity 4175.9 4783 4929.7
118 Corporate equities 1238.5 1509.1 1463.2
119 Mutual fund shares 220.5 384.3 433.6
120 Money market mutual fund shares 206 245.2 266.6
121 Equity in noncorporate business 2510.8 2644.4 2766.4
122 Insurance technical reserves 2484.6 2755.2 2990.6
123 Net equity in life insurance and pension funds 2340.3 2592.6 2801.3
124 Net equity in life insurance reserves 264.3 282.6 309.5
125 Net equity in pension fund reserves 2076 2310 2491.7
126 Prepayments of premiums and reserves against claims 144.3 162.6 189.4
127 Net equity in reserves of other insurance companies 87.4 101.6 123
128 Net equity in other life insurance company reserves 56.9 61 66.3
129 Other accounts receivable (miscellaneous assets) 6.8 6.5 7.8
130 Total liabilities and net worth 16513.7 18235.2 19474.2
131 Liabilities 2367.7 2633.5 2840.4
132 Securities other than shares (municipals) 81.3 78.4 78.1
133 Loans 2246.9 2514.7 2716
134 Short-term 764.5 829.7 846.6
135 Consumer credit 610.6 666.4 698.6
136 Bank loans n.e.c. 31 31 31.9
137 Other loans and advances 72.2 75 74.3
138 Security credit 50.7 57.4 41.8
139 Long-term (mortgages) 1482.4 1684.9 1869.4
140 Insurance technical reserves (unpaid premiums) 15.2 13.9 15.1
141 Other accounts payable (trade debt) 24.3 26.6 31.3
142 Net worth 14146 15601.7 16633.8
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

527.1 571.7 621.1 662.9 700.1 734.2 773.5 817.7 854.5 898.1
74.6 81.5 85.1 89.5 96.8 100.1 107.1 113.2 118.2 125.1
452.5 490.2 536 573.4 603.3 634.1 666.4 704.5 736.3 773
192.5 211 232.7 251.2 273.2 287.9 301.4 320.3 333.7 349.8
168.9 184 202.2 217.2 235.4 247.2 259.2 276.3 289.9 306.1
23.6 27 30.6 34 37.8 40.7 42.2 44 43.8 43.8
58.2 62.9 66.8 72.7 76.3 77.4 82.1 83.7 87.8 92.4
201.9 216.2 236.4 249.5 253.8 268.8 282.9 300.5 314.8 330.8
4022.3 4319.1 4576.5 4694.7 4931.7 5146.2 5426.9 5692.6 6003.3 6388.7
201.9 216.2 236.4 249.5 253.8 268.8 282.9 300.5 314.8 330.8
2967.2 3145.2 3338.2 3445.3 3635.4 3801.4 3997.2 4193.3 4390.5 4661.7
2452.9 2596.3 2754 2823 2964.5 3089.2 3249.8 3435.7 3623.2 3874.7
514.2 548.9 584.2 622.3 670.9 712.2 747.5 757.7 767.3 787
1136 1266 1333.1 1342.5 1380.1 1401.3 1475.6 1563.9 1690.8 1817.6
640.2 720.8 755.9 752.4 724.2 700.5 717.8 764.2 794 849.8
495.8 545.2 577.2 590.1 655.9 700.8 757.8 799.7 896.8 967.8
129.7 157.8 168.8 180.3 187.4 202.2 234 253.2 296.2 333
366.1 387.4 408.4 409.8 468.5 498.6 523.8 546.5 600.6 634.8
282.8 308.3 331.2 342.6 337.6 325.3 328.8 365.1 392.8 421.4
4022.3 4319.1 4576.5 4694.7 4931.7 5146.2 5426.9 5692.6 6003.3 6388.7
505 566.1 592.8 586.7 610.6 646.6 690.7 744.1 832.1 926.3
476 519.9 573.1 648.5 729.8 775.7 812.2 858.4 902.1 931.8
361.5 385.2 410.1 430.2 455 477.7 508.2 532.8 555.2 587.2
20.6 23.5 22.2 17.9 19.6 14.4 15.1 19 22.9 19.4
25.9 25.7 29.5 34.1 30.1 43.7 45 50.1 52.3 63.5
3626.5 3885.5 4139.4 4310.1 4585.4 4768.3 5010.3 5243 5488.7 5762.9
3353.6 3598.5 3839.9 3986.1 4235.3 4477.9 4743.3 4975.8 5256.8 5547.4
272.9 287 299.5 324 350.1 290.4 267 267.2 231.9 215.5

262.3 275.2 284.2 309.2 334 272.3 246.2 246.6 208.3 187.6
272.9 287 299.5 324 350.1 290.4 267 267.2 231.9 215.5
-10.6 -11.9 -15.2 -14.9 -16.3 -18.2 -20.8 -20.7 -23.7 -27.8
151.5 147.5 132.2 117.8 144.1 162 189.2 178.9 202.1 219.9
226.1 229 217.3 207.3 240.9 262.1 296.3 292.1 320.3 345
199.4 198.8 184.8 173.5 203.8 228.6 261.6 254.8 280.8 293.2
26.7 30.2 32.5 33.8 37.1 33.4 34.7 37.3 39.5 51.8
74.6 81.5 85.1 89.5 96.8 100.1 107.1 113.2 118.2 125.1
110.8 127.6 152.1 191.4 189.9 110.3 57 67.7 6.2 -32.3

110.8 127.6 152.1 191.4 189.9 110.3 57 67.7 6.2 -32.3


506.2 427.7 553.1 468.4 454.9 449.2 461 455.9 507.6 383.9
162.5 80.6 20.7 -25.2 5.1 -65.6 -55.9 90.4 91.2 105.7
-1.7 -0.6 -11.9 49.2 108.3 45.1 -31 -40.8 -72.9 -33.7
164.2 81.1 32.6 -74.4 -103.3 -110.7 -24.9 131.2 164.1 139.4
0.9 0.8 1.4 1 1.2 -1.1 3.1 4.6 12.4 6.5
163.3 80.4 31.2 -75.4 -104.4 -109.7 -28 126.6 151.7 132.9
194 99.3 229.1 91.8 53.3 -5.4 269.1 30.3 127.4 -43.3
38.2 -5.7 5.8 -35.2 -5.8 12.4 4.7 2 4.1 1.3
8.5 8.2 8.5 11.9 19.1 14.7 8 5.1 2 -0.5
74.2 33.7 88.7 12.6 65.1 29.3 154.3 -30 -14.2 -150.2
20.5 20.5 19.8 -18.9 -39.5 -54.8 113.5 27.3 100.8 52.7
60.9 31.2 35.4 49.2 -28.1 -29.1 -45.1 -58.9 -35.3 23.5
-8.2 11.5 70.9 72.3 42.5 22.1 33.7 84.8 70 30
3.5 21.3 18.3 26.7 -16.7 18.4 -2.3 11.1 27.9 44.4
1.8 12.3 9.2 24.6 -10.8 26 6.7 18.6 35.3 52.6
1.7 9 9 2.1 -6 -7.6 -9 -7.5 -7.4 -8.2
-134.7 -39.2 32 106.1 141.1 187.5 -52.5 103.7 53.9 4.8
-123.5 -110.2 -48.1 -60.9 -18.9 -116.2 -161.6 -101.2 -187.1 -240.2
-3.7 26.7 32.2 111.8 154.7 249.8 66.1 87.4 195.2 228.5
18.5 79 30.5 12.7 -41.2 -0.3 11.3 101.4 58.3 75.9
-26 -34.6 17.4 42.4 46.5 54.1 31.7 16 -12.5 -59.4
281 264.3 253.4 266.8 270.5 310.9 305.7 221.2 203.3 273.6
262.3 248.6 234.5 255.9 252.5 297 291.5 204.5 192.8 261
26.1 29.6 26.5 26.8 29.1 37.1 35.5 45.8 44.5 59.3
236.2 219 208 229 223.4 259.9 256 158.7 148.3 201.7
18.6 15.6 18.9 10.9 17.9 13.9 14.1 16.7 10.6 12.7
12.4 10.3 13.4 5 9.5 6.3 6.1 8.7 2.7 2
6.3 5.3 5.6 5.9 8.5 7.6 8.1 8 7.8 10.7
-0.1 1.4 -0.4 2.2 1.8 3.5 -3.1 -0.9 3.9 -1.4
275 299.8 240 211.4 205.6 265.7 327.8 337.4 357.1 350.5
1.8 3.5 3.3 4 2 1.4 3.6 0.7 6.6 10
270.3 279.3 227.2 198.8 197.8 257.8 318.5 328.1 341.7 331.3
50.2 40.1 16.2 10.1 18.3 92.8 156.5 180 125.8 108.6
46.6 47 15.1 -8.8 9.2 61.4 134.8 147 103.6 62.1
-1.9 -9.6 -2.6 -4.8 4.5 9.8 13.4 17.4 0.5 8
3.8 3.6 7.3 7.4 6.2 -1.1 9.4 12 5.8 1.7
1.7 -1 -3.7 16.3 -1.6 22.6 -1.1 3.5 15.8 36.8
220.1 239.3 211.1 188.7 179.4 165.1 161.9 148.1 215.8 222.7
0.4 0.8 0.1 -0.7 0 0.5 0.5 0.7 0.8 0.3
2.4 16.2 9.3 9.4 5.9 6 5.2 7.9 8 8.9

231.2 127.9 313.1 257 249.3 183.5 133.2 118.5 150.5 33.4

206.3 64.1 200.2 81.8 107.1 127.7 188.8 113.4 307.1 186.9
96.6 88.7 70.3 31.7 57.5 71.3 91.4 96 111.2 129.3
-10.7 -24.8 -31.1 -15.4 -9.8 -16.8 21.1 -33.4 51.5 -8.1
-120.4 -0.2 -161 -65.6 -59.4 -73.2 -76.2 -50.9 -144.4 -65.6

423.9 432.6 20.4 126.7 155.7 91 50.2 329.7 159.2 313.1


390.9 406 -7.4 93.7 139.7 59.9 23.7 325.8 174.4 350.1
32 24.9 26.9 33 16.1 31.2 26.7 4.3 -14.5 -35.5
0.9 1.7 0.9 0 -0.2 0 -0.2 -0.4 -0.8 -1.5
646.3 981.9 -159 1067 347.6 755.5 150.5 2172.2 1881.2 3092.6
646.3 789.1 -131.6 844.1 294.2 589.1 121 1695 1507.1 2547.8
437.9 567.7 -159.7 882.4 357.8 479 -3.9 1356.4 1080.2 1960.6
16.7 47.6 -33.7 32.8 16.1 68.1 -36.5 136.9 176.5 236.6
191.7 173.8 61.7 -76.5 -79.7 42 161.3 201.7 250.5 348.9
0 192.8 -27.3 222.9 53.4 166.4 29.5 477.2 374 544.8
1070.1 1414.5 -138.5 1193.7 503.2 846.6 200.7 2501.9 2040.3 3405.7

1538.7 1753.8 345.9 1584.7 944.3 1246.5 635.7 2861.9 2555.8 3780.2

21312.4 23376.4 23991.4 25791.2 26941.1 28455.7 29418.9 32618.1 35531 39661.9
8334.4 8989.5 9193.3 9463 9811.6 10126.7 10445.8 11048.3 11512.8 12171.1
6669.1 7205 7306.8 7507.5 7776.9 7988.3 8187.5 8687.8 9053.5 9613.5
1625.9 1739.5 1836.8 1901.5 1975.1 2077.5 2195.7 2296 2392.8 2486.6
39.3 44.9 49.7 54 59.7 60.8 62.6 64.6 66.6 71
12978.1 14387 14798.2 16328.2 17129.5 18329 18973.1 21569.8 24018.1 27490.9
2810.3 2891.2 2912 2886.9 2888.9 2824.5 2768.6 2859 2949.9 3050.8
425.8 425.3 413.4 462.6 570.9 616 585.1 544.3 471.4 437.7
2384.4 2466 2498.7 2424.4 2318 2208.5 2183.5 2314.7 2478.5 2613.1
10.7 11.9 13.4 14.6 15.6 15.8 18.8 23.4 35.5 37.2
2373.7 2454.1 2485.2 2409.8 2302.4 2192.7 2164.7 2291.3 2443.1 2575.9
1276.7 1375 1621.1 1707.5 1762.7 1750.9 2052.6 2051.4 2238.7 2196.5
93.6 87.9 93.7 58.5 52.7 65 69.7 71.7 75.8 77.1
109.6 117.7 126.2 138.1 157.3 171.9 179.9 185 187 186.5
288.1 281.4 382.4 401.4 475 500.8 683.1 626 673.7 570
54.2 77.4 102.2 75.4 30.1 -25.3 92.9 116.7 215.3 260.4
590.2 620.7 655.7 704.4 674.9 644.3 598.9 539.7 504.5 511.1
141.2 190 260.8 329.7 372.7 394.1 428 512.3 582.3 591.4
170.5 191.8 210.1 236.8 220 238.4 236.1 247.2 275.1 319.5
40.9 53.2 62.4 87 76.2 102.3 109 127.6 162.9 215.5
129.6 138.6 147.6 149.7 143.8 136.1 127.1 119.6 112.3 104.1
5441.3 6191.2 6091.5 7041.7 7477 8253.6 8322.1 10120.7 11681.7 14234.3
1777.6 2235 2027.2 2848.8 3187.7 3550.5 3385.1 4640.3 5533.3 7253.8
446.6 520.8 519.3 663.9 834.7 1152.6 1182.3 1406.6 1778.3 2243.4
285.1 364 394.5 412.6 371.4 371.1 382.4 483.8 542.1 619.6
2932.1 3071.3 3150.5 3116.4 3083.2 3179.3 3372.3 3590 3828 4117.5
3271.6 3728.7 3954.8 4444.5 4768.4 5245.7 5580.9 6279.4 6856.7 7675.2
3063.6 3505.1 3712.3 4191 4496.9 4960.3 5281.4 5963.1 6529.9 7335.7
335.7 365.3 391.7 418.6 447.7 484.8 520.3 566.2 610.6 665
2728 3139.8 3320.5 3772.4 4049.2 4475.5 4761 5396.9 5919.3 6670.7
208 223.6 242.5 253.5 271.4 285.4 299.5 316.3 326.8 339.5
135.4 145.7 159.1 164.1 173.6 179.9 186 194.7 197.5 199.5
72.6 77.9 83.5 89.4 97.8 105.4 113.5 121.5 129.3 140
7.6 9 8.7 10.8 12.6 16 12.9 12.1 16 14.6
21312.4 23376.4 23991.4 25791.2 26941.1 28455.7 29418.9 32618.1 35531 39661.9
3139.9 3450.1 3719.3 3934.3 4139.9 4408 4735.4 5072.8 5429.9 5780.6
79.9 83.3 86.6 90.6 92.6 94 97.6 98.3 104.9 114.9
3003.3 3293 3549.4 3751.8 3949.5 4209.7 4527.8 4855.9 5197.6 5529.1
894.4 946.6 962.7 972.8 991.1 1083.9 1239.7 1419.7 1545.5 1654.6
745.2 809.3 824.4 815.6 824.8 886.2 1021 1168 1271.7 1333.8
30 20.4 17.9 13.1 17.6 27.4 40 57.4 58 66.5
75.7 74.3 81.7 89.1 95.3 94.2 103.7 115.7 121.5 123.2
43.5 42.5 38.8 55.1 53.5 76.1 75.1 78.6 94.4 131.2
2108.9 2346.4 2586.7 2778.9 2958.4 3125.8 3288.1 3436.2 3652 3874.5
15.5 16.4 16.5 15.7 15.8 16.3 16.8 17.5 18.3 18.6
41.3 57.4 66.8 76.2 82.1 88.1 93.2 101.1 109.1 118
18172.5 19926.3 20272.2 21856.9 22801.2 24047.7 24683.4 27545.3 30101.1 33881.3
1998 1999 2000 2001 2002

952.1 1014.8 1083.3 1155.8 1229.3 1


132.9 144.5 154.8 167.4 175.2 2
819.2 870.3 928.5 988.4 1054.1 3
374.3 394.2 421.4 443.4 474.6 4
327.2 344 367.4 387 412.9 5
47.2 50.2 54 56.5 61.7 6
95.8 100.6 105.6 112 121.2 7
349 375.5 401.6 433 458.3 8
6894.7 7267.2 7844.1 8037.2 8173.8 9
349 375.5 401.6 433 458.3 10
5019.4 5357.1 5782.7 5940.4 6019.1 11
4182.7 4471.4 4829.2 4942.9 4974.6 12
836.7 885.7 953.4 997.6 1044.5 13
1970.1 2002.3 2176.2 2208.7 2241.3 14
934.3 929.7 1012.1 1004.9 983.7 15
1035.8 1072.6 1164.1 1203.8 1257.6 16
349.9 335.6 376.1 371.2 396.2 17
685.9 737 788 832.6 861.4 18
443.8 467.7 516.4 544.9 544.9 19
6894.7 7267.2 7844.1 8037.2 8173.8 20
1027 1107.5 1235.7 1243.7 1053.1 21
952.6 988 1041.6 1142.6 1249.5 22
624.2 661.4 702.7 728.5 750.3 23
26 34.1 42.4 49.9 42.6 24
66.7 74.3 82 85 94.1 25
6155.4 6446.1 6907.7 7172.5 7568.4 26
5879.5 6282.5 6739.4 7045.4 7385.3 27
275.9 163.6 168.3 127.1 183.1 28

243 126.3 132 90.5 148.9 29


275.9 163.6 168.3 127.1 183.1 30
-33.1 -37.4 -36.5 -36.7 -34.2 31
255.3 274 285.6 300.4 319.8 32
388.2 418.5 440.4 467.8 495 33
329.9 359.8 377.3 401.6 429.8 34
58.3 58.7 63.1 66.2 65.3 35
132.9 144.5 154.8 167.4 175.2 36
-12.3 -147.7 -153.6 -209.9 -171 37

-12.3 -147.7 -153.6 -209.9 -171 38


601.2 415.5 305.7 589.4 419.3 39
144.6 38.9 188.3 342.9 281.1 40
-16.2 -75.4 -120.5 93.7 -18.2 41
160.9 114.3 308.7 249.2 299.3 42
0.1 5.2 20 -5 10.7 43
160.7 109.1 288.8 254.2 288.7 44
95.6 138.5 -98.7 -138.3 -71.3 45
3 4.7 2.4 -33.9 5.6 46
0.1 -0.2 -1.7 5.6 4.5 47
-40.9 29.5 -170.5 -88.9 -71.2 48
39.8 114 79.1 -57.6 -143.9 49
5 34.4 9.2 47.7 108 50
88.5 -44 -17.4 -11.2 25.7 51
58.3 54.8 99.8 50.2 -31.1 52
61.2 47.2 88.6 41.9 -41.6 53
-3 7.6 11.3 8.3 10.5 54
17.3 -4.6 -116.1 47.8 -54.8 55
-321.8 -110.7 -476.7 -264.4 -112.4 56
278.5 65.8 217.5 186.5 154.8 57
139.5 119.6 152.7 150.6 -41.6 58
-78.8 -79.3 -9.6 -24.9 -55.6 59
276.9 190.5 231.2 279 298.1 60
264.9 178 224.7 260.5 269.4 61
48 50.8 50.2 77.2 60.1 62
216.9 127.3 174.5 183.4 209.3 63
12.1 12.4 6.5 18.5 28.7 64
1.8 1.1 -0.3 11.9 18.5 65
10.3 11.4 6.9 6.5 10.2 66
8.4 -2.5 1.2 7.7 -2.6 67
465.2 571.3 574.9 599.1 700 68
12 10.4 5.8 13.8 12.9 69
445.9 554.7 565.2 581.7 679.2 70
125.8 175 181.2 83 30.2 71
96.8 112.1 165.2 137.7 81.4 72
7.7 -6.9 6.8 -16.5 -3.1 73
-0.3 -5.4 2 0.6 0.1 74
21.6 75.2 7.2 -38.8 -48.2 75
320.1 379.7 383.9 498.7 649 76
-1.4 2.1 0.1 -0.4 0.9 77
8.7 4.1 3.8 4 7 78

136 -155.8 -269.2 -9.7 -280.6 79

301.9 248.1 52 381.6 36 80


161 197 205.9 193.5 200.3 81
-7.3 59.1 -38.3 -12.1 -54.6 82
-148.2 8.1 115.6 -200.2 109.7 83

586.7 600.5 814.6 734.4 903 84


627.6 645.6 841.2 799.2 978.6 85
-39.2 -44.5 -26.1 -64.1 -74.6 86
-1.7 -0.6 -0.5 -0.8 -0.9 87
2374.6 3977.2 -1273.4 -1979.9 -2742.7 88
1876.5 3319.6 -1045.4 -1503.6 -2081.8 89
1327.9 2438.3 -1148.1 -1255.8 -1843.9 90
217.8 569.2 -295.3 -380.8 -483.9 91
330.8 312 398 132.9 246 92
498.1 657.6 -228 -476.3 -660.9 93
2961.3 4577.7 -458.7 -1245.5 -1839.7 94

3506.2 4952 -274.7 -773.4 -1654.8 95

43633.3 49157.1 49468.3 49293.9 48339.1 96


13173.6 14243.8 15559.3 16789 18201.6 97
10488.6 11399.9 12529 13624.4 14907.8 98
2608.3 2760.9 2940.7 3070.1 3195.7 99
76.7 83 89.5 94.5 98 100
30459.7 34913.3 33909 32505 30137.5 101
3196.5 3235.3 3423.6 3766.5 4047.6 102
421.5 346 225.5 319.2 301 103
2775 2889.3 3198.1 3447.3 3746.6 104
38.3 43.5 63.5 58.5 69.2 105
2736.7 2845.8 3134.6 3388.8 3677.4 106
2284.1 2483.5 2348.2 2196.3 2080.9 107
80.2 84.9 87.3 53.4 59 108
186.6 186.4 184.8 190.3 194.9 109
528.5 629.6 426.1 327.6 221.2 110
292.8 397.5 468.9 407.5 254.6 111
516.1 550.5 559.8 607.5 715.5 112
679.9 634.6 621.3 610 635.7 113
377.8 432.6 532.4 582.6 551.5 114
276.7 323.9 412.4 454.3 412.7 115
101.1 108.7 120 128.3 138.8 116
16128.1 19443.1 18281.7 16825.8 14689.2 117
8259.8 10587.5 8962.7 7442.6 5486.2 118
2739.7 3374.7 3296.9 3102.7 2773.6 119
759.1 878.7 1031.4 1181.9 1140.3 120
4369.4 4602.2 4990.6 5098.7 5289 121
8450.2 9298.3 9301.5 9104.2 8741.5 122
8098.7 8933.9 8930.6 8714.9 8323.5 123
718.3 783.9 819.1 880 920.9 124
7380.4 8150.1 8111.5 7834.9 7402.5 125
351.5 364.3 370.9 389.4 418.1 126
201.3 202.3 202 214 232.4 127
150.3 162 168.9 175.4 185.6 128
23 20.5 21.7 29.4 26.8 129
43633.3 49157.1 49468.3 49293.9 48339.1 130
6245.8 6817.5 7403.5 8002.6 8702.6 131
126.9 137.3 143 156.9 169.8 132
5975 6529.9 7106.2 7687.9 8367.1 133
1780.4 1955.7 2148.1 2231.1 2261.3 134
1430.6 1542.7 1719 1856.7 1938.1 135
74.2 67.3 74.1 57.6 54.6 136
122.9 117.8 119.8 120.4 120.5 137
152.8 227.9 235.1 196.4 148.2 138
4194.5 4574.2 4958.1 5456.8 6105.8 139
17.2 19.4 19.6 19.1 20 140
126.8 130.9 134.7 138.7 145.7 141
37387.5 42339.5 42064.8 41291.3 39636.5 142
SNA, July 19, 2004

4. Nonfinancial Noncorporate Business


Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Gross domestic product(GDP)/Gross value added 649.8 676.5 701.9
2 Less consumption of fixed capital 77.6 81.1 84.2
3 Equals net domestic product/Net value added 572.2 595.4 617.7
4 Compensation of employees (paid) 146.1 153.3 158.7
5 Wages and salaries 130 135.8 141.3
6 Employers' social contributions 16.1 17.5 17.4
7 Taxes on production and imports less subsidies 30.3 28.4 28.3
8 Operating surplus, net 395.8 413.8 430.7
9 Net national income/Balance of primary incomes, net 3.1 5.5 6.6
10 Operating surplus, net 395.8 413.8 430.7
11 Property income (interest received) 8.8 9 8.7
12 Less uses of property income (paid) 401.4 417.3 432.8
13 Interest 115.8 124.8 121.8
14 Withdrawals from income of quasi-corporations 285.6 292.5 311
15 Reinvested earnings on foreign direct investment 0 0 0
16 Rents 0 0 0
17 Net national income/Balance of primary incomes, net 3.1 5.5 6.6
18 Less other current transfers (paid) 3.1 5.5 6.6
19 Equals disposable income, net 0 0 0
20 Equals net saving 0 0 0
CAPITAL ACCOUNT:
21 Net saving 0 0 0
22 Capital formation, net 49.3 45.1 40.9
23 Gross fixed capital formation 120.3 127.2 129.8
24 Nonresidential 83.3 84.2 87.8
25 Residential 37 43 42
26 Less consumption of fixed capital 77.6 81.1 84.2
27 Change in inventories 6.6 -1 -4.7
28 Net lending or borrowing, capital account (lines 21-22) -49.3 -45.1 -40.9
FINANCIAL ACCOUNT:
29 Net lending or borrowing (line 28) -49.3 -45.1 -40.9
30 Net acquisition of financial assets 34.2 29.2 -4.1
31 Currency and deposits 17.6 5 -1.4
32 Currency and transferable deposits 12.1 3.3 0.5
33 Time and savings deposits 5.5 1.7 -1.9
34 Securities other than shares 0.3 2 -1
35 Treasury securities 0.3 2 -1
36 Municipal securities 0 0 0
37 Loans 4.7 0.7 -6.8
38 Short-term (consumer credit) 0 0 0
39 Long-term (mortgages) 4.7 0.7 -6.8
40 Shares and other equity -0.3 -0.5 -0.6
41 Money market mutual fund shares 0 0.1 -0.1
42 Equity in government-sponsored enterprises -0.3 -0.6 -0.5
Insurance technical reserves (net equity in reserves of
43 other insurance companies) 8 9.2 -3.5
44 Other accounts receivable 4 13 9.1
45 Trade receivables 4.5 8 1.4
46 Other (miscellaneous assets) -0.5 4.9 7.6
47 Net incurrence of liabilities 83.5 74.3 36.8
48 Loans 84.7 70.6 58.6
49 Short-term 3.9 4.5 10.8
50 Bank loans n.e.c. 1.8 0.3 8.6
51 Other loans and advances 2.1 4.2 2.2
52 Long-term (mortgages) 80.8 66 47.8
53 Shares and other equity -36.6 -5.2 -20.1
54 Equity in noncorporate business -37.2 -6.3 -20.7
55 Foreign direct investment in U.S. 0.6 1.1 0.6
56 Other accounts payable 35.4 8.9 -1.7
57 Trade payables 2.8 -1.3 4.1
58 Taxes payable 3.4 1.7 0.6
59 Other (miscellaneous liabilities) 29.1 8.5 -6.4
Memo:
60 Net lending or borrowing, financial account (lines 30-47) -49.3 -45.1 -40.9
OTHER CHANGES IN VOLUME ACCOUNT:
61 Total other volume changes -64.9 -8.3 -28.2
62 Nonfinancial assets 179.8 169.4 121.6
63 Real estate 158.2 141.9 95.3
64 Residential 119.8 116.7 69.4
65 Nonresidential 38.4 25.2 25.8
66 Equipment and software 21.7 28.2 25
67 Residential -0.9 -0.4 -0.6
68 Nonresidential 22.6 28.6 25.7
69 Inventories -0.2 -0.7 1.3
70 Changes in net worth due to nominal holding gains/losses 179.8 169.4 121.6
CHANGES IN BALANCE SHEET ACCOUNT:
71 Change in net worth (lines 22+28+61+70) 114.9 161.1 93.4
BALANCE SHEET ACCOUNT (end of period):
72 Total assets 2916.9 3165 3323.2
73 Nonfinancial assets 2646.6 2860.6 3024.8
74 Real estate 2379.6 2570.1 2710.8
75 Residential 1679.6 1816.7 1904.9
76 Nonresidential 700 753.4 806
77 Equipment and software 229.6 253.2 273.8
78 Residential 23.4 25.3 27
79 Nonresidential 206.2 227.9 246.7
80 Inventories 37.5 37.3 40.2
81 Financial assets 270.3 304.4 298.4
82 Currency and deposits 101.9 105.8 104.6
83 Currency and transferable deposits 61.3 63.5 64.2
84 Time and savings deposits 40.6 42.3 40.4
85 Securities other than shares 5.8 10.8 9.8
86 Treasury securities 5.8 10.8 9.8
87 Municipal securities 0 0 0
88 Loans 44 44.7 37.9
89 Short-term (consumer credit) 0 0 0
90 Long-term (mortgages) 44 44.7 37.9
91 Shares and other equity 0.8 4 3.9
92 Money market mutual fund shares 0 3.2 3.1
93 Equity in government-sponsored enterprises 0.8 0.8 0.7
Insurance technical reserves (net equity in reserves of
94 other insurance companies) 39.6 45 39
95 Other accounts receivable 78.2 94.1 103.2
96 Trade receivables 63.8 74.8 76.3
97 Other (miscellaneous assets) 14.4 19.3 27
98 Total liabilities and net worth 2916.9 3165 3323.2
99 Liabilities 1007.3 1094.2 1159
100 Loans 798 886 956.3
101 Short-term 177.3 188.6 203.6
102 Bank loans n.e.c. 98.5 103.1 113.8
103 Other loans and advances 78.8 85.5 89.8
104 Long-term (mortgages) 620.7 697.4 752.7
105 Shares and other equity (direct investment in U.S.) 8 8.1 3.1
106 Other accounts payable 201.3 200.1 199.6
107 Trade payables 56.9 45.5 50.9
108 Taxes payable 21.6 23.3 23.9
109 Other (miscellaneous liabilities) 122.8 131.3 124.9
110 Net worth 1909.6 2070.8 2164.2
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

777.6 837 880.9 886.5 947.4 971.1 1020.9 1052.8 1120.5 1184.8
88.6 94.2 97.2 99.9 100.1 101.7 109.5 111.2 114.8 119.1
689 742.8 783.7 786.6 847.3 869.4 911.4 941.6 1005.7 1065.7
177.9 191.9 204.9 207.7 216.8 229.3 242 255.3 269.7 286.2
156.6 167.6 178.6 179.8 187.4 197.6 210.2 222.3 235.9 251.6
21.3 24.3 26.3 27.9 29.4 31.7 31.8 33 33.8 34.6
33.5 39.6 45 47.2 50 44.1 53.2 52.6 56.7 65
477.6 511.3 533.7 531.7 580.4 596 616.2 633.6 679.2 714.5
6 4.7 5.1 5.3 4.6 5.7 4.2 6.2 7.8 8.5
477.6 511.3 533.7 531.7 580.4 596 616.2 633.6 679.2 714.5
8.4 8.5 8.7 8.1 8.6 8.7 8.9 9.1 10.4 11.8
480 515.1 537.3 534.5 584.4 598.9 620.8 636.6 681.8 717.8
133.4 146.9 149.7 144.7 131.6 122.1 120.5 126.1 128.8 136.1
346.6 368.3 387.7 389.9 452.9 476.8 500.3 510.4 553 581.6
0 -0.1 -0.1 -0.1 -0.1 0 0 0.1 0 0.1
0 0 0 0 0 0 0 0 0 0
6 4.7 5.1 5.3 4.6 5.7 4.2 6.2 7.8 8.5
6 4.7 5.1 5.3 4.6 5.7 4.2 6.2 7.8 8.5
0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0
34.3 41.6 25.6 8.1 12.9 17.4 24.3 14.8 36.5 10.3
133.2 134.4 119.9 109.2 106.2 123.9 119.1 135 141.5 122.8
95.2 95.6 82.5 79.6 78.1 93.6 88.3 92.4 95.2 81
38.1 38.8 37.3 29.6 28.1 30.3 30.9 42.6 46.3 41.8
88.6 94.2 97.2 99.9 100.1 101.7 109.5 111.2 114.8 119.1
-10.4 1.4 3 -1.2 6.8 -4.8 14.7 -9 9.7 6.7
-34.3 -41.6 -25.6 -8.1 -12.9 -17.4 -24.3 -14.8 -36.5 -10.3

-34.3 -41.6 -25.6 -8.1 -12.9 -17.4 -24.3 -14.8 -36.5 -10.3
51.4 9 2 7.6 25.9 27.2 59 75.6 92.8 127.7
11.4 2.4 4.8 4.6 13.4 7.8 16 18 22.8 33.2
4.8 1 2.2 2.4 6.4 4.4 12.5 13.7 19.3 22.5
6.6 1.4 2.7 2.2 7 3.4 3.6 4.3 3.5 10.7
0.5 1.6 0.6 -0.3 0.7 2.1 4.9 5.9 5.3 4.2
0.5 1.6 0.6 -0.3 0.7 0.6 4.7 5.3 4.9 3.7
0 0 0 0 0 1.5 0.1 0.6 0.4 0.5
9.9 -12.7 -4.1 -5 -0.9 -3.3 2 -2.1 -1.4 -1.6
0 0 0 0 0 0 0 0 0 0
9.9 -12.7 -4.1 -5 -0.9 -3.3 2 -2.1 -1.4 -1.6
2.3 -0.3 0.6 0.9 2.3 1.4 4.4 1.9 2.2 3.7
2.2 0.5 0.9 0.7 2.3 1.1 4.2 1.9 2.2 3.7
0.1 -0.8 -0.3 0.2 -0.1 0.3 0.2 -0.1 0 0
2.8 7.2 -2.6 4.9 -0.4 2.2 2.8 3.9 1.2 0.9
26.7 11.2 3.5 3.1 13.1 18.2 33.3 50 64.8 91
12 6.8 2.7 -1.1 7.1 4.9 16.3 15.3 29.5 35.1
14.6 4.4 0.8 4.2 6 13.2 17 34.7 35.2 55.9
85.6 50.5 27.6 15.7 38.8 44.6 83.3 90.4 129.3 138
85.2 47.2 -6.1 -30.7 -31.2 -18.2 12.4 48.9 72.2 100.9
10 16.3 -1 -4 -1.4 3.5 15.8 19.7 31.3 50.1
9.4 12.9 4.2 0.3 2.8 4.7 15.6 11.8 29.5 47.3
0.6 3.5 -5.2 -4.3 -4.2 -1.2 0.1 7.9 1.8 2.8
75.3 30.9 -5.1 -26.7 -29.8 -21.7 -3.3 29.2 40.9 50.8
-23.1 -28.2 34.7 42.3 48.3 57.8 46 14 -6.5 -55.6
-24 -29.6 34 42.3 48.2 57.7 45.9 14.1 -6.8 -56.1
0.8 1.4 0.7 0 0.1 0 0 -0.1 0.3 0.5
23.5 31.5 -1 4.1 21.6 5 24.9 27.6 63.6 92.7
3.2 5.9 1.7 -0.1 7.2 1.7 7.5 13.4 31.8 32.4
2.9 4.7 0.6 0.5 0.6 -1.7 1.4 0.6 2.3 4.3
17.4 20.9 -3.3 3.6 13.8 5.1 16.1 13.6 29.4 56

-34.3 -41.6 -25.6 -8.1 -12.9 -17.4 -24.3 -14.8 -36.5 -10.3

-35.4 -41.6 24.2 36.4 32.4 54.8 33.7 19.7 -21.1 -64.9
160.9 153.1 26.6 -58.6 -89.4 19.6 136.7 173.3 196.6 314.2
126.9 119.6 0.9 -71 -92.7 4.2 119.7 142 165.7 285.1
85.4 76.8 27.1 -6.3 -19.7 50.7 83.5 119.7 144.6 190.6
41.5 42.8 -26.2 -64.7 -73.1 -46.5 36.2 22.2 21.2 94.5
32.3 32.6 24.6 13.2 3.1 15.1 15.8 30.1 30.9 30.5
-0.5 -0.7 -0.8 -1.1 -0.8 0 0.3 0.2 0.9 0.2
32.8 33.3 25.4 14.3 3.9 15.1 15.5 30 30 30.3
1.7 0.9 1.1 -0.8 0.3 0.4 1.2 1.2 0 -1.4
160.9 153.1 26.6 -58.6 -89.4 19.6 136.7 173.3 196.6 314.2

125.5 111.5 50.8 -22.2 -56.9 74.5 170.4 193 175.5 249.4

3572.7 3763.7 3801 3747.9 3682.8 3741.6 3943.6 4207.2 4514.8 4950.1
3224.1 3407.9 3444.8 3385.6 3296.1 3330.2 3470.7 3659.1 3871.7 4176.2
2880.8 3040.5 3065.7 3006 2917.4 2936.3 3051.8 3215 3397.9 3674.5
2004.4 2092.9 2131 2125.6 2099.3 2152.5 2229.5 2361.5 2522.5 2723.5
876.4 947.5 934.7 880.4 818.2 783.8 822.3 853.6 875.5 951
299.8 321.6 331.7 333 331.2 344.7 365.9 387.8 416.3 442.3
29 30.5 31.6 31.9 32.6 34.1 35.7 37.1 39 39.9
270.8 291.1 300.1 301 298.6 310.6 330.1 350.7 377.3 402.3
43.5 45.7 47.4 46.7 47.5 49.2 53 56.3 57.4 59.5
348.6 355.9 356.2 362.3 386.7 411.4 472.9 548.1 643.2 773.8
115.5 117.8 122.2 125.9 137.5 143.1 158.7 176.2 199 232
68.5 69.4 71.2 72.7 77.3 79.5 91.5 104.7 124 146.2
47 48.4 51 53.2 60.2 63.6 67.2 71.5 75 85.7
10.3 11.9 12.5 12.2 13 15.1 19.9 25.8 31.2 35.4
10.3 11.9 12.5 12.2 13 13.6 18.3 23.6 28.6 32.2
0 0 0 0 0 1.5 1.6 2.2 2.6 3.2
47.8 35.1 31.1 26 25.2 21.9 23.8 21.7 20.4 18.7
0 0 0 0 0 0 0 0 0 0
47.8 35.1 31.1 26 25.2 21.9 23.8 21.7 20.4 18.7
6 6.6 7.2 8 10.3 11.6 16.1 18 20.9 24.6
5.3 5.8 6.7 7.4 9.7 10.9 15.1 17 19.2 22.9
0.7 0.8 0.6 0.6 0.6 0.8 0.9 1 1.7 1.7

39.1 43.3 38.6 42.4 39.9 40.8 42.2 44.2 44.8 45.2
129.9 141.1 144.6 147.7 160.8 178.9 212.2 262.2 326.9 417.9
88.3 95.1 97.8 96.7 103.8 108.7 125 140.3 169.8 204.9
41.6 46 46.8 51 57 70.2 87.2 121.9 157.1 213
3572.7 3763.7 3801 3747.9 3682.8 3741.6 3943.6 4207.2 4514.8 4950.1
1283 1362.5 1349 1318.1 1309.8 1294.2 1325.8 1396.4 1528.6 1714.5
1054.2 1100.5 1093.3 1058.5 1028.4 1007.9 1015.9 1062 1130.7 1225.4
221.5 234.4 230.7 222.8 223.1 225 238.7 257 287.4 334.5
122.4 134.3 136.4 135 137.7 140.2 153.9 164.7 193.6 237.3
99 100 94.4 87.9 85.4 84.8 84.7 92.3 93.9 97.2
832.7 866.1 862.6 835.6 805.3 782.9 777.3 805 843.2 890.9
6.5 8.7 3.8 3.9 4.4 5.2 4.8 2.8 4 3.9
222.3 253.3 251.8 255.6 277 281.1 305 331.6 393.9 485.2
53.3 58.7 60 59.7 66.6 67.3 73.8 86.2 116.8 147.8
26.8 31.4 32 32.5 33.1 31.4 32.8 33.4 35.7 39.9
142.2 163.1 159.8 163.5 177.3 182.4 198.4 212 241.5 297.5
2289.7 2401.2 2452 2429.8 2372.9 2447.4 2617.8 2810.8 2986.2 3235.6
1998 1999 2000 2001 2002

1284.8 1372.4 1475.7 1569.5 1629.3 1


126.5 134.6 142.1 148 150.9 2
1158.3 1237.8 1333.6 1421.5 1478.4 3
311.4 341.2 367.6 390.7 405.9 4
273.7 299.8 322.6 343.8 355.8 5
37.7 41.4 45 46.9 50.1 6
72.5 72.5 74.1 80.6 91.5 7
774.4 824.1 891.8 950.2 980.9 8
7.4 8.8 9 7.8 12.4 9
774.4 824.1 891.8 950.2 980.9 10
12.6 13.3 13.3 15.8 17.4 11
779.6 828.5 896.1 958.2 986 12
148.7 159.7 182.7 192.7 194.4 13
630.9 668.8 713.4 765.6 791.6 14
0 0 0 -0.1 0 15
0 0 0 0 0 16
7.4 8.8 9 7.8 12.4 17
7.4 8.8 9 7.8 12.4 18
0 0 0 0 0 19
0 0 0 0 0 20

0 0 0 0 0 21
29.9 65.7 84.6 56 41.5 22
151.6 199.5 225.1 205.7 195.4 23
109.9 139.4 159 142.3 127.4 24
41.7 60.1 66.1 63.4 68 25
126.5 134.6 142.1 148 150.9 26
4.8 0.8 1.6 -1.7 -2.9 27
-29.9 -65.7 -84.6 -56 -41.5 28

-29.9 -65.7 -84.6 -56 -41.5 29


211.4 176.8 237.4 148.2 143.5 30
47.2 58.4 76.7 8.3 15.4 31
34.4 39.3 56.6 1.1 13.2 32
12.7 19.1 20.1 7.1 2.2 33
5.4 -0.9 2.7 3.7 2.5 34
5.7 -0.8 3 2.7 2.3 35
-0.4 -0.1 -0.3 1.1 0.2 36
7.9 -2 -1.4 3.3 1.2 37
0 0 0 0 0 38
7.9 -2 -1.4 3.3 1.2 39
9.7 8.1 8.7 9.6 2.4 40
9.7 8.1 8.7 9.6 2.3 41
0.1 0 0 0 0.1 42
0.8 0.5 -0.2 3.9 8.2 43
150.1 120.8 159.6 129 116.2 44
28.2 39.4 69.6 1.8 22.8 45
121.9 81.4 90 127.3 93.4 46
241.4 242.5 321.9 204.2 185.1 47
190 194.8 203.7 166.7 156.9 48
39.3 54 59.7 38 16 49
26 45.6 47 37.8 12.5 50
13.3 8.4 12.8 0.3 3.5 51
150.7 140.8 144 128.7 140.9 52
-76.4 -70.1 -26.9 -14.2 -22.2 53
-76.6 -70.3 -27 -14.3 -22.4 54
0.2 0.2 0.1 0.1 0.2 55
127.8 117.7 145.1 51.7 50.4 56
31.5 35.1 47.5 -7.5 21.9 57
4.1 8.9 11.7 4 8.1 58
92.1 73.7 85.9 55.2 20.3 59

-29.9 -65.7 -84.6 -56 -41.5 60

-76.6 -72.5 -26.9 -21.5 -36 61


325 280.1 395.7 113.7 226.2 62
281.6 241.1 344.8 68.9 202.6 63
178.7 218.6 268.2 119.9 171 64
102.9 22.6 76.6 -51.1 31.6 65
45 37.8 49.5 46.7 22.3 66
0.5 0.3 1.1 0.8 0.3 67
44.4 37.5 48.4 45.8 22 68
-1.6 1.1 1.4 -1.8 1.3 69
325 280.1 395.7 113.7 226.2 70

248.4 207.6 368.7 92.2 190.2 71

5504.9 6019.9 6725.9 7028.5 7416.7 72


4512.2 4843.1 5303.1 5450.1 5696.9 73
3949.9 4230.5 4639.1 4751.5 4983.8 74
2912.6 3157.2 3456.3 3604.1 3811 75
1037.3 1073.3 1182.8 1147.4 1172.9 76
501 546.7 593.8 632 644.8 77
41.3 42.8 45.2 47 48.1 78
459.7 503.9 548.7 585 596.7 79
61.3 65.9 70.2 66.6 68.3 80
992.7 1176.8 1422.7 1578.4 1719.8 81
277.4 335.1 411.6 419.3 434.2 82
178.9 217.6 274.1 274.5 287.3 83
98.5 117.5 137.6 144.7 146.9 84
40.8 39.9 42.6 46.3 48.9 85
38 37.2 40.2 42.8 45.2 86
2.8 2.7 2.4 3.5 3.7 87
26.7 24.7 23.3 26.6 27.8 88
0 0 0 0 0 89
26.7 24.7 23.3 26.6 27.8 90
34.2 42.3 51 60.5 62.9 91
32.6 40.7 49.4 59 61.3 92
1.6 1.6 1.6 1.5 1.5 93

45.6 45.9 45.8 48.3 52.5 94


568 688.8 848.4 977.4 1093.6 95
233.1 272.6 342.1 343.9 366.7 96
334.9 416.3 506.2 633.5 726.9 97
5504.9 6019.9 6725.9 7028.5 7416.7 98
2020.9 2328.3 2665.5 2876 3073.9 99
1405.3 1595.5 1788.4 1944.7 2093 100
370.2 425.3 480.7 515.9 531.7 101
262.1 308.6 352.9 390.7 404.1 102
108.1 116.7 127.8 125.3 127.6 103
1035.1 1170.1 1307.6 1428.8 1561.3 104
3.4 3.3 3.4 3.2 3.4 105
612.2 729.5 873.8 928 977.5 106
178.6 213.3 259.9 255 276 107
44.1 53 64.6 68.7 76.8 108
389.6 463.2 549.2 604.3 624.7 109
3484 3691.6 4060.3 4152.5 4342.8 110
SNA, July 19, 2004

5. Nonfinancial Corporate Business


Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Gross domestic product(GDP)/Gross value added 2302 2387.5 2557.1
2 Less consumption of fixed capital 247.4 255.3 266.5
3 Equals net domestic product/Net value added 2054.6 2132.2 2290.6
4 Compensation of employees (paid) 1504.2 1583.1 1687.8
5 Wages and salaries 1251.1 1315 1406.1
6 Employers' social contributions 253.1 268.1 281.7
7 Taxes on production and imports less subsidies 196.6 204.6 216.8
8 Operating surplus, net 353.8 344.5 386
9 Net national income/Balance of primary incomes, net 214.7 196.4 241.9
10 Operating surplus, net 353.8 344.5 386
11 Property income (received) 177.6 185.6 191.6
12 Interest 126.3 135.6 133.4
13 Distributed income of corporations (dividends) 27.4 30.8 29.9
14 Reinvested earnings on foreign direct investment 23.9 19.2 28.3
15 Less uses of property income (paid) 316.7 333.7 335.7
16 Interest 208.9 222 222.2
17 Distributed income of corporations (dividends) 99.4 103.7 106.1
18 Reinvested earnings on foreign direct investment -0.4 -0.7 -0.3
19 Rent 8.8 8.7 7.7
20 Net national income/Balance of primary incomes, net 214.7 196.4 241.9
21 Less current taxes on income, wealth, etc. (paid) 71.1 76.2 94.2
22 Less other current transfers (paid) 16.1 27.3 29.9
23 Equals disposable income, net 127.5 92.9 117.8
24 Equals net saving 127.5 92.9 117.8
CAPITAL ACCOUNT:
25 Net saving and capital transfers 127.4 92.9 117.8
26 Net saving 127.5 92.9 117.8
27 Capital transfers received (net) 0 0 0
28 Capital formation, net 138.9 110.2 116.3
29 Gross fixed capital formation (acq. of produced nonfinancial
assets) 373.3 358.6 354.6
30 Less consumption of fixed capital 247.4 255.4 266.5
31 Acq. of nonproduced nonfinancial assets -2.2 -0.7 -3.7
32 Inventory change including inventory valuation adjustment 15.3 7.6 31.9
33 Net lending or borrowing, capital account (lines 25-28) -11.5 -17.3 1.5
34 Net lending or borrowing, capital account line 33 -11.5 -17.3 1.5
35 Net acquisition of financial assets 212 130.9 228.1
36 Currency and deposits 25.9 20.9 7
37 Currency and transferable deposits 23 1.5 9.5
38 Time and savings deposits 0.2 16.2 0.4
39 Foreign deposits 2.7 3.2 -2.9
40 Securities other than shares 7.2 -3.3 -9.1
41 Open market paper 0.7 -0.3 4.8
42 Treasury securities 4.6 -0.8 -8.5
43 Agency- and GSE-backed securities -1.3 -1.7 0.3
44 Municipal securities 3.1 -0.5 -5.7
45 Loans 9.1 -0.7 6.7
46 Short-term (security RPs and consumer credit) 3.6 6.2 5.3
47 Long-term (mortgages) 5.6 -6.9 1.4
48 Shares and other equity 21.1 25.2 21.7
49 Mutual fund shares 3.7 3.8 -2.7
50 Money market mutual fund shares -1.5 0.4 0.9
51 U.S. direct investment abroad 14.3 19 29.7
52 Equity in government-sponsored enterprises 0 0 0
53 Investment in finance company subsidiaries 4.7 2.1 -6.2
Insurance technical reserves (net equity in reserves of
54 other insurance companies) 4.2 18.8 23.4
55 Other accounts receivable 144.5 69.9 178.4
56 Trade receivables 45.2 2.1 63.9
57 Other (miscellaneous assets) 99.3 67.7 114.5
58 Net incurrence of liabilities 379.7 190 273.9
59 Securities other than shares 120.4 107.9 79.5
60 Open market paper 14.6 -9.3 1.6
61 Municipal securities 22.6 -9.9 -0.9
62 Corporate bonds 83.2 127.1 78.8
63 Loans 61.4 117 83.9
64 Short-term 55.3 99.2 40.4
65 Bank loans n.e.c. 31.9 57 4
66 Other loans and advances 23.4 42.2 36.4
67 Long-term (mortgages) 6.1 17.8 43.5
68 Shares and other equity -67 -53.1 -23
69 Corporate equities -84.5 -85 -75.5
70 Direct investment in U.S. 17.5 31.9 52.5
71 Insurance technical reserves (contributions payable) 5.8 0 1.5
72 Other accounts payable 259.1 18.2 132
73 Trade payables 43 -1.7 44.4
74 Other 216.1 19.9 87.6
75 Taxes payable -3.2 3.8 5.1
76 Miscellaneous liabilities 219.2 16.1 82.6
Memo:
77 Net lending or borrowing, financial account (lines 35-58) -167.7 -59.1 -45.8
OTHER CHANGES IN VOLUME ACCOUNT:
78 Total other volume changes -8.2 74.5 30.4
79 Other volume changes 148 123.3 61.4
80 Less statistical discrepancy (lines 33-[35-58]) * 156.2 41.8 47.3
81 Less inventory valuation adjustment 0 7 -16.3
REVALUATION ACCOUNT:
82 Nonfinancial assets 76.3 70.4 131.8
83 Real estate 50 39.5 90.2
84 Equipment and software 29.6 36.3 33.4
85 Inventories -3.3 -5.4 8.2
86 Financial assets 2.9 7.6 30.6
87 Mutual fund shares -0.1 1.1 -0.2
88 Direct investment abroad 2.9 6.5 30.8
89 Liabilities 449.9 420.2 131.5
90 Corporate equity 448.1 408.9 121.3
91 Direct investment in U.S. 1.8 11.3 10.2
92 Changes in net worth due to nominal holding gains/losses -370.7 -342.2 30.9
CHANGES IN BALANCE SHEET ACCOUNT:
93 Change in net worth (lines 28+33+78+92) -251.4 -174.9 179.1
BALANCE SHEET ACCOUNT (end of period):
94 Total assets 7478.9 7818 8318.6
95 Nonfinancial assets 5014.4 5185.4 5455.8
96 Real estate 2829.4 2916.3 3053.2
97 Equipment and software 1462.8 1551 1624.4
98 Inventories 712.7 707.8 764.2
99 Nonproduced nonfinancial assets 9.5 10.2 13.9
100 Financial assets 2464.6 2632.6 2862.9
101 Currency and deposits 211 232 239
102 Currency and transferable deposits 125.7 127.2 136.8
103 Time and savings deposits 69.3 85.5 85.9
104 Foreign deposits 16 19.2 16.3
105 Securities other than shares 81.2 77.9 68.8
106 Open market paper 10.5 10.2 15
107 Treasury securities 41.1 40.3 31.8
108 Agency- and GSE-backed securities 4 2.4 2.6
109 Municipal securities 25.6 25.1 19.4
110 Loans 102.9 102.2 108.9
111 Short-term 45.9 52.1 57.4
112 Security RPs 3.4 5.1 3.4
113 Consumer credit 42.5 47 54
114 Long-term (mortgages) 57 50.2 51.5
115 Shares and other equity 419.8 452.6 504.9
116 Mutual fund shares 10.8 15.7 12.8
117 Money market mutual fund shares 14.5 14.9 15.8
118 U.S. direct investment abroad 377.8 403.3 463.8
119 Equity in government-sponsored enterprises 0 0 0
120 Investment in finance company subsidiaries 16.7 18.7 12.5
Insurance technical reserves (net equity in reserves of
121 other insurance companies) 62.8 81.6 105.1
122 Other accounts receivable 1586.8 1686.3 1836.2
123 Trade receivables 739.3 741.5 805.3
124 Other (miscellaneous assets) 847.5 944.8 1030.9
125 Total liabilities and net worth 7478.9 7818 8318.6
126 Liabilities 5225.1 5739.1 6060.6
127 Securities other than shares 777.5 885.4 974.1
128 Open market paper 72.2 62.9 73.8
129 Municipal securities 127 117.1 116.2
130 Corporate bonds 578.2 705.4 784.1
131 Loans 838.1 954.1 1059.8
132 Short-term 672.5 770.7 807.7
133 Bank loans n.e.c. 424.1 481.1 485.1
134 Other loans and advances 248.4 289.6 322.6
135 Long-term (mortgages) 165.6 183.4 252.1
136 Shares and other equity 2127.8 2494.9 2603.4
137 Corporate equity 1916.9 2240.8 2286.7
138 Direct investment in U.S. 210.9 254.1 316.7
139 Insurance technical reserves (contributions payable) 18.7 18.7 20.3
140 Other accounts payable 1463.1 1385.9 1403.1
141 Trade payables 479.7 478 522.4
142 Taxes payable 39 42.8 47.9
143 Miscellaneous liabilities 944.4 865.2 832.8
144 Net worth 2253.8 2078.9 2258
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

2771.6 2912.3 3041.5 3099.7 3236 3397.8 3669.5 3879.5 4109.5 4401.8
281.6 301.6 319.2 341.4 353.6 363.4 391.5 415 436.5 467.1
2490 2610.7 2722.3 2758.3 2882.3 3034.4 3278 3464.5 3673 3934.7
1812.8 1914.7 2012.9 2048.4 2154.1 2244.8 2381.5 2509.8 2630.8 2812.9
1514.1 1598.5 1680.3 1697.2 1774.8 1840.3 1950.7 2076.7 2197 2367.9
298.6 316.2 332.6 351.2 379.3 404.5 430.8 433.1 433.8 445.1
233.8 248.2 263.5 285.7 302.5 318.8 349.6 356.9 369.1 385.5
443.4 447.9 445.8 424.2 425.7 470.8 546.9 597.8 673.1 736.3
274.1 232.2 228.4 210.6 220.8 267.4 321.7 357.7 417.9 449.6
443.4 447.9 445.8 424.2 425.7 470.8 546.9 597.8 673.1 736.3
218.5 236.3 253.2 253.2 240 232.1 246.5 295.8 331 367.8
148.8 169.7 180 185.9 170 154.5 167.3 189.9 216.7 239.5
45.8 42.5 40.3 37.3 40.8 36.2 40.9 45.4 52.8 62.4
23.9 24.1 32.9 30 29.2 41.4 38.3 60.5 61.5 65.9
387.8 452 470.6 466.8 444.9 435.5 471.7 535.9 586.2 654.5
252.2 305.5 319.4 314.5 274 249.3 261 298 319.9 354.2
127.9 147.9 158.5 162.8 174.9 185.3 198.8 223.4 250.2 278.3
1.3 -7.6 -14.1 -17.8 -11.3 -6.3 4.6 7.5 7.5 12.8
6.4 6.2 6.8 7.3 7.3 7.2 7.3 7 8.6 9.2
274.1 232.2 228.4 210.6 220.8 267.4 321.7 357.7 417.9 449.6
104 101.2 98.5 88.6 94.4 108 132.9 141 153.1 161.9
27.4 23 25.4 26.7 25.2 29.6 30 30.2 38 39
142.7 108 104.5 95.3 101.2 129.8 158.8 186.5 226.8 248.7
142.7 108 104.5 95.3 101.2 129.8 158.8 186.5 226.8 248.7

142.7 108.1 104.5 95.2 101.2 129.8 158.9 186.5 226.6 248.7
142.7 108 104.5 95.3 101.2 129.8 158.8 186.5 226.8 248.7
0 0 0 0 0 0 0 0 0 0
123.1 134.2 130.2 81.2 88.9 131.7 174.5 223.2 217.8 284.7

380.1 413.8 442.9 427.7 439.1 475.5 523.2 597.5 635.4 684.6
281.6 301.6 319.2 341.4 353.6 363.4 391.6 415 436.5 467.1
-4.2 -4.2 -5 -6 -6.2 -6 -6.4 0.6 -2.2 1.8
28.8 26.3 11.6 0.8 9.6 25.6 49.2 40.1 21 65.3
19.6 -26.1 -25.7 14 12.3 -1.9 -15.6 -36.7 8.8 -36
19.6 -26.1 -25.7 14 12.3 -1.9 -15.6 -36.7 8.8 -36
349.5 180.7 124.3 81.9 146 332.7 275.1 426.4 454 272.4
15.6 0.5 0 11.6 -6.5 35.2 17.3 9.5 50.1 22.2
14 9.1 6.1 6.9 -4.3 20.5 11.7 4.5 39.3 7.6
-3.7 -1.7 -6 3 -1.6 16 4.4 3.3 0 19.7
5.3 -6.8 0 1.7 -0.6 -1.3 1.2 1.7 10.8 -5.1
-4.4 42.8 -27.8 28.6 24 10 4.2 -8.8 0.7 -39.8
-1.3 0.6 -0.5 0.9 2.3 2.4 -0.6 1.3 11.4 4.6
-3.9 23.5 -13.8 5.8 17.2 -11.8 2 6.3 -10 -20.2
3.4 3.1 -5.9 1.8 3.5 10.5 0.8 3.5 5.1 -20.5
-2.6 15.6 -7.7 20.1 1 8.9 2 -19.9 -5.8 -3.6
25 -12.9 1 1.5 7.3 5.8 13.1 0.3 -9.4 27.7
8.3 0.9 2.7 -4.7 6.2 13.5 9.1 -1.3 -5.9 1.8
16.6 -13.7 -1.6 6.2 1.1 -7.8 4.1 1.6 -3.6 25.9
1.3 24 52.8 40.6 60.7 61.7 86.9 122.5 95 94.3
-2.7 -1.4 -1 2.4 5 6.8 2.1 4.6 8.7 -6.4
-5.5 0 9.3 4.5 13.5 -3.7 3.2 22.9 7.7 20.2
12.9 25.7 35 35.9 41.2 57.9 78.5 90.3 76.8 84.3
0 0 0 0 0 0 0 0 0 0
-3.3 -0.4 9.5 -2.1 1 0.6 3.1 4.6 1.8 -3.7

15 14.2 13.2 2.1 13.5 6.6 5.7 8.2 2.6 1.9


297 112 85 -2.5 47.1 213.5 147.9 294.7 315.2 166
90.6 42.1 29.2 -5.8 27.6 41.5 71.9 78 88.1 93.5
206.4 70 55.8 3.3 19.5 171.9 76 216.7 227.1 72.5
443.7 347.4 183.5 67.1 161.3 217.9 241.6 390.8 398.5 283.5
115.2 94.4 56.5 59.2 80.5 91.8 51.5 112.3 118.4 168.4
11.9 21.4 9.7 -18.4 8.6 10 21.4 18.1 -0.9 13.7
0.2 -0.9 -0.3 -1.2 4.3 6.6 6.8 3.1 3.1 4.2
103.1 73.8 47.1 78.8 67.6 75.2 23.3 91.1 116.3 150.5
107.7 65.6 77.3 -112.9 -56.4 -57.4 75 114.8 64.4 123.4
81.1 71 58.2 -98.5 -18.4 -32.2 72.9 106.8 54.6 90.9
32.8 24.9 2.7 -37.8 -19.3 -8 46.2 74.5 40.4 51.1
48.4 46.1 55.5 -60.8 0.8 -24.2 26.7 32.3 14.2 39.8
26.5 -5.4 19.1 -14.4 -38 -25.2 2.1 8 9.8 32.5
-59.7 -61.8 -3.9 16.9 34.1 41.5 0.3 -4.8 24.3 22.8
-129.5 -124.2 -63 18.3 27 21.3 -44.9 -58.3 -47.3 -77.4
69.8 62.4 59.1 -1.3 7.1 20.2 45.2 53.6 71.7 100.2
-1.2 7.3 6.1 12.1 9.9 12.3 11.7 4.1 4.1 7.1
281.7 242 47.6 91.8 93.3 129.7 103.1 164.4 187.3 -38.3
53.7 21.8 28.4 23.1 33.4 36.4 77.3 81 49.5 65.1
228 220.2 19.2 68.7 59.9 93.2 25.8 83.5 137.8 -103.3
-3.5 -6.1 0 -9.4 6.5 5.4 -0.4 0 9.6 9.3
231.5 226.2 19.1 78.1 53.4 87.8 26.2 83.5 128.3 -112.7

-94.2 -166.7 -59.2 14.8 -15.3 114.8 33.5 35.5 55.5 -11.1

103.5 63.9 3.5 4.8 -119.7 94.5 113.5 177.3 125.5 128
195.1 188.2 24.1 8.9 -94.9 -26.2 51.9 86.8 81.8 117.2
113.8 140.5 33.5 -0.8 27.6 -116.6 -49.1 -72.3 -46.7 -24.9
-22.2 -16.3 -12.9 4.9 -2.9 -4 -12.5 -18.3 3.1 14.1

204.3 99.7 -21.1 -209.4 -237.2 -141.2 160.1 110.2 74.4 308.6
142.8 48.1 -89.9 -222.9 -252.2 -159.7 127.4 82.4 77.9 348.9
51.1 51 60.7 23.6 12.7 15.7 21.8 23.4 -6.5 -28
10.4 0.7 8 -10.1 2.3 2.8 10.9 4.4 2.9 -12.3
8.9 -10.7 21.6 -11.2 -32.6 -33.3 -0.9 12.7 19.6 0.7
0.5 2.5 -1 2.7 1.3 1.8 -0.8 10 8.6 18.4
8.3 -13.2 22.6 -13.9 -33.9 -35.2 -0.1 2.8 11 -17.6
409.4 708.6 -115.7 1027.9 329.1 452.7 6.1 1670.9 1258 2155.9
401.6 710.7 -115.2 1028.6 329.1 450.9 -0.6 1675.6 1272.4 2203.9
7.8 -2.1 -0.5 -0.7 0 1.7 6.7 -4.7 -14.5 -48
-196.2 -619.6 116.2 -1248.6 -598.9 -627.2 153.1 -1547.9 -1164 -1846.6

50 -447.6 224.2 -1148.5 -617.4 -402.9 425.5 -1184.1 -811.7 -1469.9

9058.4 9538.4 9781.1 9779.8 9798.5 10146.7 10765.4 11580.7 12363.1 13269.9
5817.6 6071 6205.6 6081.7 5939.3 5939.5 6288.1 6622.2 6905.4 7461.2
3252.5 3353.6 3337.9 3161.8 2946.6 2828 2993 3125.1 3265.2 3665.8
1721.3 1826.1 1938.8 1999.3 2051.2 2131.4 2236.1 2376 2496 2614.1
825.6 869 901.5 887.3 902 934.5 1007 1069.8 1090.7 1129.6
18.1 22.3 27.4 33.3 39.5 45.5 51.9 51.3 53.5 51.6
3240.8 3467.4 3575.5 3698.1 3859.2 4207.2 4477.3 4958.5 5457.7 5808.7
254.5 255.1 255.1 266.7 260.2 295.4 312.7 322.2 372.2 394.4
150.7 159.8 165.8 172.7 168.4 188.9 200.6 205.1 244.3 251.9
82.3 80.6 74.6 77.6 76 92 96.4 99.7 99.7 119.4
21.6 14.7 14.7 16.4 15.8 14.5 15.7 17.4 28.2 23.1
64.4 107.2 79.4 108.1 132 142 146.2 137.4 138.1 98.3
13.6 14.3 13.8 14.7 17 19.4 18.8 20.1 31.5 36.1
27.9 51.4 37.6 43.4 60.6 48.8 50.8 57.1 47.1 26.8
6 9.2 3.3 5.1 8.6 19.1 19.9 23.4 28.5 8
16.8 32.4 24.7 44.8 45.8 54.7 56.7 36.8 31 27.4
133.9 121 122.1 123.6 130.8 132 145.2 145.4 136 163.7
65.7 66.6 69.3 64.6 70.8 79.7 88.8 87.5 81.7 83.5
5 2.8 2.1 1.6 5.1 2.5 2.2 2.4 3.9 4.6
60.8 63.8 67.1 63 65.7 77.2 86.6 85.1 77.7 78.9
68.1 54.4 52.8 59 60 52.3 56.4 57.9 54.4 80.2
515.1 528.4 602.8 632.2 660.3 688.6 774.6 909.8 1024.4 1119.5
10.6 11.7 9.7 14.8 21.1 29.8 31.1 45.7 63 75
10.3 10.4 19.7 24.1 37.6 33.9 37.1 60 67.6 87.8
485 497.5 555.1 577 584.4 607.1 685.6 778.7 866.5 933.1
0 0 0 0 0 0 0 0 0 0
9.2 8.8 18.3 16.2 17.2 17.8 20.9 25.5 27.3 23.5

120 134.2 147.5 149.5 163 169.7 175.4 183.6 186.2 188.1
2152.8 2321.4 2368.6 2418 2512.8 2779.5 2923.3 3260 3600.8 3844.6
895.9 938 967.2 961.4 988.9 1035 1107 1184.9 1273.1 1366.6
1256.9 1383.4 1401.4 1456.6 1523.8 1744.5 1816.3 2075.1 2327.7 2478
9058.4 9538.4 9781.1 9779.8 9798.5 10146.7 10765.4 11580.7 12363.1 13269.9
6750.4 7678 7696.5 8843.8 9479.8 10231 10424.2 12423.6 14017.7 16394.4
1089.3 1183.7 1240.2 1299.4 1379.9 1472.4 1523.9 1636.2 1754.6 1921.5
85.7 107.1 116.9 98.5 107.1 117.8 139.2 157.4 156.4 168.6
116.4 115.5 115.2 114 118.3 124.9 131.7 134.8 137.9 142
887.2 961.1 1008.2 1086.9 1154.5 1229.7 1253 1344.1 1460.4 1610.9
1144.9 1217.5 1293 1177.9 1123.1 1077.4 1159 1273.4 1337.7 1460.9
890.8 961.7 1018.6 917.9 901 868.8 948.6 1055.4 1110 1200.4
517.9 542.8 545.5 507.7 488.4 480.5 527.2 601.8 642.1 692.7
372.9 418.9 473.1 410.2 412.6 388.4 421.4 453.7 467.9 507.7
254.2 255.8 274.4 260 222 208.6 210.4 217.9 227.7 260.5
2953.1 3599.9 3480.4 4525.2 4888.4 5382.6 5389.1 7055.2 8337.5 10516.3
2558.8 3145.3 2967.1 4014 4370.1 4842.3 4796.8 6414.1 7639.2 9765.7
394.3 454.6 513.3 511.3 518.3 540.3 592.2 641.1 698.4 750.6
19 26.3 32.3 44.4 54.3 66.6 78.3 82.4 86.4 93.5
1544.1 1650.7 1650.7 1796.8 2034.1 2231.9 2273.9 2376.4 2501.4 2402.3
576.1 597.9 626.3 649.4 682.8 719.3 796.5 877.5 927 992.1
44.4 38.3 38.3 28.9 35.3 40.7 40.3 40.3 49.9 59.2
923.6 1014.5 986.1 1118.5 1316 1471.9 1437.1 1458.6 1524.5 1351
2308 1860.4 2084.5 936.1 318.6 -84.3 341.2 -842.9 -1654.6 -3124.5
1998 1999 2000 2001 2002

4655 4950.8 5272.2 5299.3 5410.6 1


493.3 523.8 567.8 610.5 618.2 2
4161.7 4427 4704.3 4688.9 4792.4 3
3045.6 3267.7 3544.4 3597 3570.1 4
2567.2 2758 2989.8 3016.7 2971.8 5
478.4 509.7 554.5 580.4 598.3 6
398.7 416.6 443.4 440.3 464.5 7
717.4 742.7 716.5 651.5 757.7 8
385.1 426.9 373.8 303.2 388.7 9
717.4 742.7 716.5 651.5 757.7 10
349.3 384 453.6 413.5 398 11
235.9 251.3 291.3 273 242.9 12
58.2 59.7 62 57.1 54.8 13
55.2 73 100.3 83.4 100.3 14
681.6 699.8 796.3 761.8 767 15
371.3 402.9 471.5 465.3 437.7 16
299.2 284.4 313.4 305.3 312 17
2.7 3.9 0 -22.3 5.2 18
8.4 8.6 11.4 13.5 12.1 19
385.1 426.9 373.8 303.2 388.7 20
158.6 171.2 170.2 134.3 131.9 21
35.2 45 48.4 50 59.1 22
191.3 210.7 155.2 118.9 197.7 23
191.3 210.7 155.2 118.9 197.7 24

191.1 210.8 155.2 118.8 197.7 25


191.3 210.7 155.2 118.9 197.7 26
0 0 0 0 0 27
280.5 335.1 360.7 194.1 152.5 28

709.7 800.5 882.1 847 771.2 29


493.3 523.9 567.9 610.5 618.2 30
-1.9 -7.7 -8.5 -8 -8.8 31
65.9 66.1 54.9 -34.4 8.3 32
-89.4 -124.3 -205.5 -75.3 45.2 33
-89.4 -124.3 -205.5 -75.3 45.2 34
569.9 969.9 1209.2 177.6 121.3 35
23.6 81.2 43.5 -64.2 10.4 36
23 56 50.5 -49.5 9.5 37
-6.8 24.3 0.5 -6.2 -3.6 38
7.4 0.9 -7.4 -8.5 4.4 39
1.1 5 18.8 -0.1 21.4 40
3.3 8.2 10.2 2.4 4.5 41
-3.2 -4.2 -1.3 -1.6 14.8 42
2.6 1.8 3 1.7 -1.2 43
-1.6 -0.7 6.9 -2.6 3.3 44
-16.1 -22 4.7 2.5 4.1 45
-3.1 4.1 2.4 -0.6 2.1 46
-13 -26 2.3 3.1 2 47
168.1 257 184.3 207.9 148.9 48
6.7 7.4 12 2 10.5 49
38.6 28.4 36.5 110.5 26.9 50
129.2 194.4 128.4 97 117 51
0 0 0 0 0 52
-6.4 26.8 7.4 -1.7 -5.5 53

1.7 1 -0.3 10.3 17.4 54


391.5 647.6 958.2 21.3 -80.8 55
85 203.4 283 -129.4 -34.4 56
306.5 444.1 675.2 150.7 -46.4 57
616 987.6 1237.4 95.2 107 58
265.3 264.1 212 263.7 71.2 59
24.4 37.4 48.1 -88.3 -64.2 60
5.8 5.1 1.4 3.5 3.1 61
235.2 221.7 162.6 348.5 132.3 62
127.1 108.4 145.2 -36.4 -30.2 63
130.5 67.6 114 -95.5 -80.5 64
76.2 44.1 48 -103.3 -96.5 65
54.3 23.4 65.9 7.8 16 66
-3.3 40.8 31.2 59 50.2 67
-71.1 136.7 62.9 24 -18.9 68
-215.5 -110.4 -118.2 -47.4 -41.6 69
144.4 247 181.1 71.4 22.7 70
21.4 -7.6 1.2 1.3 1.3 71
273.3 486.1 816 -157.3 83.7 72
57.6 178.5 313.3 -103.7 -15.8 73
215.7 307.6 502.8 -53.6 99.5 74
4.8 7 7 3.1 11.9 75
210.8 300.6 495.8 -56.6 87.6 76

-46.1 -17.7 -28.2 82.4 14.4 77

438.5 491.4 651.4 26.4 7.3 78


415.4 385.8 460 -122.2 35.9 79
-43.3 -106.6 -177.3 -157.8 30.8 80
20.2 0.9 -14.1 9.1 -2.2 81

355.9 106.4 315.9 -227.1 136.6 82


393.2 93.3 306.2 -186.7 134.4 83
-27.2 -8.7 -2.8 -14.9 -19.8 84
-10.2 21.8 12.5 -25.5 22 85
-5 13.9 -50.8 -62.7 -15 86
16.3 21.6 -15 -15 -24.5 87
-21.3 -7.8 -35.7 -47.8 9.5 88
2025.2 3634.1 -2558.7 -1904.1 -2757.9 89
2027.7 3688.2 -2358.6 -1835.2 -2847.7 90
-2.4 -54.1 -200.1 -68.9 89.8 91
-1674.3 -3513.9 2823.8 1614.3 2879.4 92

-1044.5 -2811.7 3630.4 1759.6 3084.4 93

14866.4 16582.1 18939.8 19014.9 19345.5 94


8050.2 8488.3 9167.3 9116 9412.4 95
4108.9 4283.8 4671.2 4573 4770.5 96
2722.7 2891.2 3092.8 3200.7 3258.3 97
1165.2 1252.1 1333.6 1264.5 1297 98
53.5 61.2 69.7 77.7 86.5 99
6816.1 8093.8 9772.5 9898.9 9933.1 100
418.1 499.3 542.8 478.6 488.9 101
275 331 381.4 331.9 341.4 102
112.6 136.9 137.3 131.1 127.5 103
30.5 31.5 24 15.5 20 104
99.4 104.4 123.2 123.2 144.5 105
39.4 47.6 57.8 60.2 64.7 106
23.6 19.4 18.1 16.5 31.3 107
10.6 12.4 15.4 17.2 15.9 108
25.7 25 31.9 29.3 32.6 109
147.7 125.7 130.4 132.9 137 110
80.4 84.5 86.9 86.3 88.4 111
4.2 5.8 4.2 4 6.2 112
76.2 78.7 82.7 82.3 82.2 113
67.3 41.2 43.5 46.6 48.7 114
1282.6 1553.5 1687 1832.1 1966 115
98 127 124 111 97 116
126.4 154.9 191.4 301.9 328.8 117
1041 1227.7 1320.4 1369.6 1496.1 118
0 0 0 0 0 119
17.1 43.9 51.3 49.6 44.1 120

189.8 190.8 190.4 200.8 218.2 121


4678.6 5620.1 7098.6 7131.4 6978.4 122
1451.6 1655 1938.1 1808.7 1774.3 123
3227 3965.1 5160.5 5322.7 5204.1 124
14866.4 16582.1 18939.8 19014.9 19345.5 125
19035.4 23562.9 22290.2 20605.6 17851.8 126
2186.8 2450.9 2662.9 2926.6 2997.8 127
193 230.3 278.4 190.1 126 128
147.8 152.8 154.2 157.7 160.8 129
1846 2067.7 2230.3 2578.8 2711 130
1588 1730.7 1875.9 1840.1 1809.8 131
1330.8 1398.4 1512.3 1417.5 1337 132
768.8 813 861 758.3 661.9 133
562 585.4 651.3 659.1 675.1 134
257.2 332.3 363.5 422.6 472.8 135
12470.4 16241.2 13745.4 11865.2 9088.4 136
11577.8 15155.6 12678.8 10796.2 7906.9 137
892.6 1085.5 1066.6 1069.1 1181.5 138
114.9 107.3 108.5 109.8 111.1 139
2675.3 3032.8 3897.4 3864 3844.7 140
1049.7 1228.2 1541.4 1437.7 1421.9 141
64.1 71 78 81 93 142
1561.6 1733.6 2278 2345.2 2329.9 143
-4169 -6980.8 -3350.3 -1590.8 1493.6 144
SNA, July 19, 2004

6. Financial Business 1
Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Gross domestic product(GDP)/Gross value added 253.5 285.4 312.7
2 Less consumption of fixed capital 28 30.5 35
3 Equals net domestic product/Net value added 225.5 254.9 277.7
4 Compensation of employees (paid) 136.6 156 174.5
5 Wages and salaries 117.5 134.8 151.3
6 Employers' social contributions 19.1 21.2 23.2
7 Taxes on production and imports less subsidies 13.4 16.1 18
8 Operating surplus, net 75.6 82.8 85.2
9 Net national income/Balance of primary incomes, net 50.7 47.5 40.7
10 Operating surplus, net 75.6 82.8 85.2
11 Property income (received) 581.2 587.4 627.7
12 Interest 570 575.9 616.2
13 Distributed income of corporations (dividends) 9.3 9.8 8.8
14 Reinvested earnings on foreign direct investment 1.9 1.7 2.7
15 Less uses of property income (paid) 606.1 622.7 672.2
16 Interest 574.6 587.1 627.6
17 Distributed income of corporations 31.6 35.7 44.6
18 Dividends 23 25.2 28.2
19 Withdrawals from income of quasi-corporations 8.6 10.5 16.4
20 Reinvested earnings on foreign direct investment -0.1 -0.1 0
21 Rents 0 0 0
22 Net national income/Balance of primary incomes, net 50.7 47.5 40.7
23 Less current taxes on income, wealth, etc. (paid) 28.3 33.4 36.2
24 Less other current transfers (paid) 16.4 3.1 -3.8
25 Equals disposable income, net 6 11 8.3
26 Equals net saving 6 11 8.3
CAPITAL ACCOUNT:
27 Net saving 6 11 8.3
28 Capital formation, net 23.5 27.1 23.7
29 Gross fixed capital formation (nonresidential) 51.5 57.6 58.7
30 Less consumption of fixed capital 28 30.5 35
31 Net lending or borrowing, capital account (lines 27-28) -17.5 -16.1 -15.4
FINANCIAL ACCOUNT:
32 Net lending or borrowing line 31 -17.5 -16.1 -15.4
33 Net acquisition of financial assets 1127.1 1212 906.3
34 Monetary gold and SDRs 0.1 0.3 0
35 Currency and deposits 56.4 59.7 -27.3
36 Securities other than shares 467.8 540.7 351.9
37 Loans 422.5 460.7 369.9
38 Short-term 188.6 175.6 61.2
39 Long-term (mortgages) 234 285.1 308.7
40 Shares and other equity 105.1 86.9 107.9
41 Corporate equities 55.3 35.3 65.4
42 Mutual fund shares 3.1 12 -0.1
43 Money market mutual fund shares 5 5.4 0.9
44 Equity in government-sponsored enterprises 1.1 1.2 1.8
45 U.S. direct investment abroad 0.5 0.1 1.5
46 Stock in Federal Reserve Banks 0.2 0.1 0.2
47 Investment in subsidiaries 39.9 32.7 38.2
48 Insurance technical reserves 5.9 12.6 36.3
49 Other accounts receivable 69.3 51.1 67.5
50 Net incurrence of liabilities 1129.3 1204.4 893.2
51 Currency and deposits 277 294.3 167.4
52 Securities other than shares 187.9 296 273.5
53 Loans 66.5 82.6 -3.2
54 Short-term 66.4 82.4 -3.6
55 Long-term (mortgages) 0.1 0.3 0.3
56 Shares and other equity 156.6 258.3 129.3
57 Corporate equity issues 9.4 14 13.6
58 Mutual fund shares 86.5 153.3 60.2
59 Money market mutual fund shares 10.2 48.2 23.2
60 Equity in government-sponsored enterprises 0.8 0.5 1.3
61 Foreign direct investment in U.S. 1.6 2.4 5.3
62 Equity in noncorporate business 3.3 5 -6.4
63 Investment by parent 44.7 34.8 31.9
64 Stock in Federal Reserve Banks 0.2 0.1 0.2
65 Insurance technical reserves 334.2 253.6 265.3
66 Other accounts payable 107.1 19.6 61
67 Net lending or borrowing, financial account lines 33-50 -2.2 7.5 13.1
OTHER CHANGES IN VOLUME ACCOUNT:
68 Total other volume changes 27.6 78.7 75.2
69 Other volume changes 12.3 55.1 46.7
70 Less statistical discrepancy (lines 31-[33-50]) * -15.3 -23.6 -28.4
REVALUATION ACCOUNT:
71 Nonfinancial assets 25.6 38.5 38
72 Structures 19.8 29.2 29
73 Equipment and software 5.8 9.4 9
74 Financial assets 182.3 63.6 1
75 Corporate equities 180.4 59.2 2.4
76 Mutual fund shares 0.5 -0.1 7.3
77 U.S. direct investment abroad 0.5 4.4 7.4
78 Liabilities 210.7 120.9 -47.1
79 Corporate equity issues 89.8 45.9 -53.6
80 Mutual fund shares 23.8 27.3 -6.5
81 Foreign direct investment in U.S. 1.9 -8.3 -13.2
82 Equity in noncorporate business -1.4 -1.8 3.7
83 Pension fund reserves 96.5 57.9 22.5
84 Changes in net worth due to nominal holding gains/losses -2.9 -18.8 86.1
CHANGES IN BALANCE SHEET ACCOUNT:
85 Change in net worth (lines 28+31+68+84)** 30.8 71 169.6
BALANCE SHEET ACCOUNT (end of period):
86 Total assets 9759.1 11155.1 12212.6
87 Nonfinancial assets 956.6 1060 1159.7
88 Structures 740.6 813.7 887.2
89 Equipment and software 216 246.3 272.5
90 Financial assets 8802.4 10095.1 11052.8
91 Monetary gold and SDRs 15.8 16.1 16.1
92 Currency and deposits 357.2 418.9 391.9
93 Securities other than shares 2787 3330.9 3724.5
94 Open market paper 283.4 310.6 358.4
95 Treasury securities 768.9 891.5 940.8
96 Agency- and GSE-backed securities 478.8 653.1 805.1
97 Municipal securities 428 472.7 464.2
98 Corporate and foreign bonds 655.7 801.3 924
99 Nonmarketable government securities 172.1 201.7 232
100 Loans 3851.6 4314.3 4671.6
101 Short-term 1827.7 2005.8 2067.7
102 Long-term (mortgages) 2023.9 2308.6 2603.9
103 Shares and other equity 1214.2 1364.6 1473.6
104 Corporate equities 895.1 989.7 1057.5
105 Mutual fund shares 14.6 26.6 33.7
106 Money market mutual fund shares 21.9 27.3 28.2
107 Equity in government-sponsored enterprises 8.3 9.5 11.3
108 U.S. direct investment abroad 30.7 35.2 44.1
109 Stock in Federal Reserve Banks 1.8 1.9 2
110 Investment in subsidiaries 241.9 274.6 296.7
111 Insurance technical reserves 165.7 179.5 221.6
112 Other accounts receivable 410.9 470.9 553.5
113 Total liabilities and net worth 9759.1 11155.1 12212.6
114 Liabilities 8854.5 10179.5 11067.4
115 Currency and deposits 3083.6 3370.4 3520.7
116 Securities other than shares 1111.2 1414.6 1699.5
117 Agency- and GSE-backed securities 625.7 804.6 972.6
118 Corporate bonds 233.1 325.4 404
119 Commercial paper 252.4 284.6 322.9
120 Loans 480.3 562.9 566
121 Short-term 477.8 560.2 562.9
122 Long-term (mortgages) 2.5 2.8 3.1
123 Shares and other equity 1105.2 1426.5 1470.2
124 Corporate equity issues 309.1 369 328.9
125 Mutual fund shares 245.9 426.5 480.2
126 Money market mutual fund shares 242.4 290.6 313.8
127 Equity in government-sponsored enterprises 13.1 13.7 15
128 Foreign direct investment in U.S. 28.4 22.5 14.7
129 Equity in noncorporate business 5.9 9.1 6.3
130 Investment by parent 258.5 293.3 309.2
131 Stock in Federal Reserve Banks 1.8 1.9 2
132 Insurance technical reserves 2721.4 3034 3327.6
133 Other accounts payable 352.8 371.1 483.4
134 Net worth 904.6 975.6 1145.1
(1) Includes other financial institutions, depository instit utions, in surance co mpanies a
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

334.7 363.1 379 406.8 443.1 474.4 491 541 601.9 679.2
38.9 44.8 50 56 56.7 59.5 66.9 74 79.3 89
295.8 318.3 329 350.8 386.4 414.9 424.1 467 522.6 590.2
189.2 195.5 208.1 218 238.1 261.2 268.8 282.9 305.7 334.1
162.9 167.4 177.5 184.8 200.8 220.6 227.4 238.9 260.1 285.4
26.3 28.1 30.6 33.2 37.3 40.6 41.4 44 45.6 48.7
20.1 21.4 23.3 24.6 25.1 26.8 28.6 31 33.2 36.2
86.7 101.4 97.5 108.3 123.2 126.8 126.8 153.1 183.7 219.9
56.1 73 75.6 96.2 116.8 105.7 84.1 124.3 116.7 121.4
86.7 101.4 97.5 108.3 123.2 126.8 126.8 153.1 183.7 219.9
722.3 862.5 876.2 826.9 734.9 709.5 773.4 931.9 974.6 1078.4
703 839.5 852.3 804.3 709.3 677.2 736.9 887.7 919.4 1014
16.8 19.5 19.5 18.6 21.2 24.2 30 35.9 46.4 54.8
2.5 3.5 4.4 4 4.4 8.1 6.5 8.3 8.8 9.6
752.9 890.9 898.1 839 741.3 730.6 816.1 960.7 1041.6 1176.9
700.6 831.3 831.8 769.9 678.8 652 722.6 844 886.6 998.6
52.3 59.7 66 69.3 62.5 79.2 93.1 115.6 153.8 176
32.7 40.6 45.3 49.4 46.9 57.4 69.6 79.5 106.2 122.8
19.6 19.1 20.7 19.9 15.6 21.8 23.5 36.1 47.6 53.2
0 -0.1 0.3 -0.2 0 -0.6 0.4 1.1 1.2 2.3
0 0 0 0 0 0 0 0 0 0
56.1 73 75.6 96.2 116.8 105.7 84.1 124.3 116.7 121.4
37.7 44.9 47 50 54.3 63 60.9 77.6 78.6 84.2
0.1 13.9 9.9 9.5 21.1 4.4 10.4 9.3 7.8 -1.9
18.3 14.2 18.7 36.7 41.4 38.3 12.8 37.4 30.3 39.1
18.3 14.2 18.7 36.7 41.4 38.3 12.8 37.4 30.3 39.1

18.3 14.2 18.7 36.7 41.4 38.3 12.8 37.4 30.3 39.1
24.8 25.3 16.4 3 5.5 11.6 27.7 14.2 32.9 76.5
63.7 70.1 66.4 59 62.2 71.1 94.6 88.2 112.2 165.5
38.9 44.8 50 56 56.7 59.5 66.9 74 79.3 89
-6.5 -11.1 2.3 33.7 35.9 26.7 -14.9 23.2 -2.6 -37.4

-6.5 -11.1 2.3 33.7 35.9 26.7 -14.9 23.2 -2.6 -37.4
928.7 999.5 688.5 841.5 999.9 1309.5 1108.2 1511.3 1512.4 1984
0 3.5 1.5 0 -2 0 0 2.1 -0.5 -0.5
29.7 48.1 7.1 2.9 -7.7 -19.3 -14.1 55.8 43.7 57.1
297 325.5 396 473.9 574.4 610.9 287.7 543.2 399.7 717.5
439.1 422 200.2 67.6 139.5 246.3 452.6 583.8 554.6 639.6
148.1 145.1 18.7 -58.3 9.6 85 267.2 375.1 264.5 333.9
291 277 181.6 125.9 130 161.4 185.3 208.8 290.1 305.7
74.2 42.3 47.2 175.9 235.7 362.1 255.5 222.1 392.3 362.7
18.8 -2.9 16.9 121.3 122.5 227.1 172.1 74 176.3 110
4.8 0.7 19.2 15.2 25.3 28.9 24.7 49.4 27.6 50.4
6.1 10.2 27.9 23.7 29.9 23 21.8 15 77.2 56.1
1.9 0.2 -2.3 -0.9 -0.1 1.3 1.6 2 1.4 1.8
4.3 12.8 -2.9 1 4.5 26 1.7 8.4 15.1 20.5
0.1 0.1 0.2 0.2 0.4 0.3 0.3 0.3 0.6 0.8
38.4 21.1 -11.8 15.3 53.1 55.3 33.3 72.9 94.1 123
1.1 20.4 15.8 32.1 15.5 25 16 22.5 19.3 6.4
87.6 137.7 20.7 89.2 44.5 84.4 110.5 81.8 103.2 201.3
928.4 970.9 694.6 837.6 1025.2 1285.9 1151 1442.6 1494 2002
221.1 114.6 81.6 27 31.1 67.5 51.9 162.7 174.1 239.2
227.8 221.7 248.5 212 282 282.7 451 435.4 484.2 527.8
45.8 96.1 -36.6 -10.7 50.5 120.9 93.3 144.9 126.4 260.9
45.5 95.8 -37.3 -11.2 49.9 117.4 83.5 139.5 118.6 246
0.3 0.3 0.6 0.5 0.6 3.6 9.8 5.3 7.9 14.9
71.2 151.7 110.5 246.6 308.1 455.9 183.1 381.4 484.5 535.1
21.8 4.4 9.9 23.4 40.2 48.7 9.6 -5.6 -20.8 -26.6
-1.6 27.4 53.7 133.9 190.5 292 100.6 147.4 237.6 265.1
21.2 89.7 68.6 41.6 4.5 20.2 40.5 141.2 145.4 155.9
2 -0.6 -2.5 -0.7 -0.2 1.6 1.8 2 1.5 1.8
-12.9 4.5 -11.3 24.5 12.6 31.1 0.8 4.3 14.5 4.9
5.6 5.4 -5.7 10.3 6 6 -6.9 14.4 9.9 13.9
35.1 20.8 -2.3 13.2 54.1 55.9 36.4 77.5 95.9 119.3
0.1 0.1 0.2 0.2 0.4 0.3 0.3 0.3 0.6 0.8
299.4 296.8 272.5 293.4 287.7 330.6 316.7 250 220.9 273.6
63.2 90.1 18.1 69.3 65.8 28.3 55 68.3 3.8 165.3
0.2 28.6 -6.1 3.9 -25.3 23.6 -42.7 68.7 18.3 -18

61.8 90.8 -12.9 -44.7 -30.8 48.5 -28 49.8 -7.3 21.7
55 51.1 -4.5 -15 30.4 51.6 -0.1 4.2 -28.2 2.3
-6.7 -39.7 8.4 29.7 61.2 3.1 27.9 -45.5 -20.9 -19.4

44.1 45.5 42.3 11.9 34.9 54.1 70.1 90 84.4 81.3


30.9 33.6 25.8 2.9 25.4 42.7 57.6 79.5 80.3 83.8
13.2 11.9 16.6 9 9.4 11.4 12.5 10.5 4.1 -2.5
14.6 245.3 -51.8 310.3 95.9 253.2 10.6 738.5 657.1 989.7
7 224.9 -55.3 321.2 74.7 230 -10.9 660 588.7 873.4
4.7 11.5 -0.2 -8.3 15.1 20.9 38.6 81.1 67 126.9
2.8 8.8 3.8 2.8 6.1 2.4 -17.1 -2.6 1.4 -8.9
57.1 334.3 -170.5 410.7 202.7 363.5 -19.8 1095.9 981.3 1655.5
38.1 83.8 -109 169 136.1 115.4 -26.3 395.6 371.2 711.6
21.9 61.6 -34.9 27.2 32.6 90.8 1.3 228 252 381.9
-0.8 -1 -5 5.4 -13.3 -0.8 -27.7 10.9 -7.4 21.6
-2.1 -2.9 5.7 -13.8 -6 -8.3 3.4 -15.9 -8.5 -9.3
0 192.8 -27.3 222.9 53.4 166.4 29.5 477.2 374 549.8
1.6 -43.5 161.1 -88.5 -71.9 -56.2 100.6 -267.3 -239.9 -584.6

81.6 61.5 166.9 -96.5 -61.4 30.5 85.4 -180.2 -216.9 -523.8

13301.9 14666.5 15380.4 16554.3 17753.5 19427.5 20745.5 23097.8 25366.6 28490.4
1271.4 1385 1489.3 1539.9 1600.1 1687.2 1797.4 1883.5 1983.3 2111
963.6 1043.3 1118.2 1153.6 1201.3 1266.9 1345.1 1402.9 1467.7 1562.9
307.7 341.7 371 386.4 398.9 420.3 452.3 480.5 515.5 548.2
12030.5 13281.5 13891.1 15014.4 16153.3 17740.3 18948.1 21214.3 23383.4 26379.4
16.1 19.6 21.1 21.1 19.1 19.1 19.1 21.2 20.8 20.2
423.7 481.9 488.4 489.4 477.7 458.9 447.1 498.9 544.5 600.8
4021.5 4341.3 4736.4 5212.9 5805.7 6438.9 6733.2 7279.8 7653.2 8354.2
393.6 462.8 487.7 472.4 482.3 458.9 487.8 525.7 578.1 714.4
928.3 971.7 1058.1 1250.8 1417.2 1532.4 1530.8 1606.8 1514.5 1557.7
890.7 972.5 1139.4 1275.9 1445.8 1630.4 1774.9 1967.3 2099.7 2254.5
465.1 471.3 492.5 511.4 564.3 651.9 660.1 684.5 719 773.1
1079.1 1163.7 1226.1 1331.4 1485.4 1717.5 1794.1 1989.2 2180.6 2452.9
264.7 299.3 332.6 371 410.8 447.9 485.5 506.3 561.4 601.7
5109.4 5553.5 5781 5847.9 6014.8 6265.7 6718.3 7301.7 7856.3 8495.9
2219.5 2381.3 2398.7 2336 2373 2462.6 2729.8 3104.9 3369.4 3703.3
2889.9 3172.1 3382.4 3511.8 3641.8 3803.2 3988.5 4196.8 4486.9 4792.6
1562.4 1850 1845.4 2331.6 2663.1 3278.5 3544.6 4505.2 5554.6 6906.9
1083.3 1305.3 1266.8 1709.3 1906.5 2363.6 2524.8 3258.8 4023.8 5007.2
43.2 55.5 74.5 81.3 121.8 171.6 234.9 365.5 460 637.4
34.3 44.5 72.5 90.8 120.7 143.7 165.5 180.5 257.7 312.2
13.2 13.4 11.1 10.2 10.1 11.5 13.1 15.1 16.5 18.3
51.2 72.8 73.6 77.4 88 116.4 101 106.8 123.3 134.9
2.1 2.2 2.4 2.7 3.1 3.4 3.7 4 4.6 5.4
335.1 356.2 344.5 359.9 413 468.3 501.6 574.4 668.5 791.5
221.5 247.4 263.6 304.7 317.7 350.8 393 432.1 465.8 494.1
676 788 755.2 806.8 855.2 928.5 1092.8 1175.4 1288.2 1507.2
13301.9 14666.5 15380.4 16554.3 17753.5 19427.5 20745.5 23097.8 25366.6 28490.4
12075.1 13378.2 13925.2 15195.6 16456.1 18099.7 19332.2 21864.6 24350.3 27997.9
3760.8 3877 3955.9 3987.9 4011.6 4079.5 4132.3 4295.6 4471.5 4709
1927.3 2177.4 2427.8 2639.8 2937.5 3225.5 3684.3 4122.2 4606.4 5125.1
1093.4 1242.9 1413.6 1559.3 1715.2 1880.4 2172.6 2376.8 2608.2 2821.1
456.1 525.5 596.6 695.2 828.8 951.7 1070.1 1258.5 1419.1 1558.3
377.7 409.1 417.7 385.3 393.5 393.4 441.6 486.9 579.1 745.7
614.1 710.2 673.5 662.8 738.6 859.5 952.8 1097.7 1224.1 1485
610.7 706.5 669.2 658.1 733.2 850.6 934.1 1073.6 1192.2 1438.2
3.4 3.7 4.3 4.8 5.4 8.9 18.7 24.1 31.9 46.8
1598.5 1891.7 1858.9 2293.4 2750.8 3403.9 3537.7 4537.7 5629.5 7270.3
388.9 477 377.9 570.3 746.5 910.7 893.9 1284 1634.3 2319.3
500.5 589.6 608.4 769.5 992.5 1375.4 1477.3 1852.8 2342.4 2989.4
335 424.7 493.3 535 539.5 559.6 600.1 741.3 886.7 1042.5
16.9 16.3 13.7 13 12.8 14.4 16.3 18.3 19.7 21.5
1 4.5 -11.8 18.2 17.6 47.8 20.9 36.1 43.2 69.7
9.8 12.3 12.3 8.8 8.7 6.5 2.9 1.4 2.8 7.4
344.3 365.1 362.8 376.1 430.1 486.1 522.5 599.9 695.8 815.1
2.1 2.2 2.4 2.7 3.1 3.4 3.7 4 4.6 5.4
3625.8 4120.9 4366.6 4891.8 5230.4 5735.4 6107.9 6851.7 7461.1 8301.5
548.6 601 642.3 719.8 787.2 795.9 917.3 959.7 957.7 1107
1226.8 1288.3 1455.2 1358.7 1297.3 1327.9 1413.3 1233.2 1016.3 492.5
d pension funds, and monetary authority.
1998 1999 2000 2001 2002

764.3 813.8 899.8 917.7 949 1


98.4 111.4 126.1 135.1 133.5 2
665.9 702.4 773.7 782.6 815.5 3
376.4 403.9 443.1 450.7 447.6 4
322 345.5 379.3 384.7 379.4 5
54.4 58.4 63.8 66 68.2 6
37.5 40.2 41.4 41.7 44.6 7
252 258.3 289.2 290.2 323.5 8
120.9 144.1 143.7 181.3 194.5 9
252 258.3 289.2 290.2 323.5 10
1185.9 1280.9 1542.1 1516.8 1373.8 11
1115.1 1201.1 1456.3 1434.7 1297.1 12
62.4 68.7 69.9 68.2 56 13
8.4 11.1 15.9 13.9 20.7 14
1317 1395.1 1687.6 1625.7 1502.8 15
1131.1 1186.7 1445.9 1407.2 1273.4 16
185.6 207.9 241.7 225 227.7 17
130.6 139.7 167 158 157.8 18
55 68.2 74.7 67 69.9 19
0.3 0.5 0 -6.5 1.7 20
0 0 0 0 0 21
120.9 144.1 143.7 181.3 194.5 22
89.7 87.4 94.9 66.8 63.1 23
20.7 12.3 29.1 37.4 18.2 24
10.5 44.4 19.7 77.1 113.2 25
10.5 44.4 19.7 77.1 113.2 26

10.5 44.4 19.7 77.1 113.2 27


90.5 28.8 5.3 -12.2 -11.3 28
188.9 140.2 131.4 122.9 122.2 29
98.4 111.4 126.1 135.1 133.5 30
-80 15.6 14.4 89.3 124.5 31

-80 15.6 14.4 89.3 124.5 32


2568.5 2467.9 2359.4 2771.5 1987.6 33
0 -3 -4 0 0 34
89.4 43.8 25 204.7 24.4 35
876.7 927.3 632.1 1003.4 933.4 36
950.8 1093.6 947.6 768.9 837.6 37
453.8 511 398.1 99.5 10.7 38
497 582.5 549.6 669.4 826.8 39
441.4 334.8 535 502.5 214.1 40
157.1 -3.6 289.6 219.1 99.6 41
6.7 113.8 9 7.6 15.1 42
99.5 93 35.4 157.9 -4.4 43
4 6.1 2.2 2.8 1.9 44
13.5 30.5 30.8 22.9 20.8 45
0.5 0.5 0.6 0.4 1 46
160.1 94.6 167.4 91.9 80 47
5.1 -15.4 -10.4 3.3 15.2 48
205.1 86.8 234.1 288.6 -37.1 49
2632.3 2415.7 2496.2 2790.5 1997.7 50
268.5 334.4 248.7 520.9 384.2 51
919.6 954.9 754.5 846.4 823.6 52
314.4 297.1 300.4 113.4 89.8 53
289.6 292 294.1 112.1 83.9 54
24.8 5.1 6.2 1.3 5.9 55
770.2 618.2 846.1 851.6 326.8 56
0.9 -2.4 16.8 37.3 71 57
279.5 191.2 239.4 201.2 182.4 58
287.2 249.1 233.3 428.6 -16.8 59
4.1 6.1 2.2 2.8 2 60
34.4 42.2 140.1 80 16.7 61
9.9 10.2 39 11.2 -4.1 62
153.7 121.4 174.8 90.2 74.5 63
0.5 0.5 0.6 0.4 1 64
263.3 180.6 217.6 294.2 335.2 65
96.2 30.5 128.9 164 38.1 66
-63.7 52.2 -136.7 -19.1 -10.1 67

-4.3 -48.7 -156.5 -104.3 -205.3 68


-20.5 -85.2 -5.4 4.1 -70.7 69
-16.2 -36.5 151.1 108.4 134.6 70

91 182.5 187.8 137.8 203.2 71


94.7 177.2 177.4 131.2 213.2 72
-3.7 5.3 10.4 6.6 -10 73
887.4 1421.7 -615 -1043.9 -1423.1 74
770.7 1277.3 -574.8 -934.8 -1258.5 75
110.1 143.3 -32.2 -105.3 -171.1 76
6.6 1.2 -8.1 -3.8 6.5 77
999.8 1209.2 82.3 -1228.1 -1684 78
174.3 -128.6 715.1 -230.8 -354 79
344.2 734.1 -342.5 -501 -679.6 80
0.6 -19.7 -21.1 -15.3 8.4 81
-12.1 -19 -56.1 -21 -17.2 82
492.8 642.4 -213.1 -460 -641.7 83
-21.4 395.1 -509.6 322 464.1 84

-15.2 390.9 -646.4 294.7 372 85

32128.5 36225.4 38162.8 40012.1 40706.1 86


2262.6 2450.4 2624 2730.9 2836.5 87
1663.5 1781.1 1899.2 1985.4 2081 88
599.1 669.4 724.8 745.6 755.6 89
29865.9 33775 35538.9 37281.1 37869.6 90
20.2 17.2 13.2 13.2 13.2 91
692.2 734 757.6 960.8 985.7 92
9230.9 10160.6 10792.8 11794.4 12727.9 93
835.6 1058.7 1225.6 1129.5 1014.4 94
1492.7 1432.8 1424.8 1447.9 1593 95
2610.3 3012.1 3243.2 3800.6 4391.4 96
855.7 878 885.1 961.5 1010.8 97
2793.7 3094.9 3309.2 3689.2 3928 98
642.9 684 704.9 765.8 790.3 99
9446.7 10542 11500.7 12269.3 13106.9 100
4157.1 4668.4 5077.6 5176.8 5187.5 101
5289.6 5873.6 6423.1 7092.5 7919.4 102
8235.7 9992.3 9912.2 9370.8 8161.8 103
5935 7208.8 6923.6 6207.9 5049.1 104
754.2 1011.2 988 890.3 734.3 105
411.6 504.6 540 697.9 693.5 106
22.3 28.4 30.5 33.3 35.2 107
155 186.6 209.4 228.5 255.8 108
6 6.4 7 7.4 8.4 109
951.7 1046.3 1213.7 1305.6 1385.6 110
516.7 523.1 509.4 501.1 497.6 111
1723.4 1805.8 2052.9 2371.4 2376.5 112
32128.5 36225.4 38162.8 40012.1 40706.1 113
31651.1 35357.2 37941 39495.5 39817.6 114
4979.4 5311.7 5564.2 6069 6450.3 115
6044.7 6999.6 7758.1 8601.9 9425.5 116
3292 3884 4317.4 4944.1 5498.1 117
1846 2032.7 2226 2488.4 2821.5 118
906.7 1082.9 1214.7 1169.4 1105.9 119
1799.4 2096.5 2396.8 2522.9 2612.7 120
1727.8 2019.8 2313.9 2438.7 2522.6 121
71.6 76.7 82.9 84.2 90.1 122
8547.6 9732.5 10874 10957.6 10242 123
2494.5 2363.4 3095.3 2901.8 2618.8 124
3613.1 4538.5 4435.3 4135.5 3638.4 125
1329.7 1578.8 1812.1 2240.7 2223.9 126
25.5 31.6 33.8 36.5 38.5 127
104.7 127.2 246.2 310.9 336.1 128
5.2 -3.6 -20.7 -30.5 -51.7 129
968.8 1090.2 1265 1355.2 1429.8 130
6 6.4 7 7.4 8.4 131
9080.4 9940.2 9926.6 9733 9388.6 132
1199.7 1276.6 1421.2 1611.2 1698.4 133
477.4 868.2 221.8 516.6 888.5 134
SNA, July 19, 2004

7. Federal Government
Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Gross domestic product(GDP)/Gross value added 236.2 245.2 257.8
2 Less consumption of fixed capital 48.1 51.6 55.2
3 Equals net domestic product/Net value added 188.1 193.5 202.5
4 Compensation of employees (paid) 190.4 195 204.5
5 Wages and salaries 128.2 132 138.4
6 Employers' social contributions 62.3 63 66.1
7 Operating surplus, net -2.4 -1.5 -2
8 Net national income/Balance of primary incomes, net -117.1 -128.7 -142.3
9 Operating surplus, net -2.4 -1.5 -2
10 Taxes on production and imports, receivable 46.4 44 46.3
11 Subsidies (paid) -20.9 -24.5 -29.9
12 Property income (received) 29.1 31.4 27.9
13 Interest 25.7 29 25.6
14 Rents 3.5 2.4 2.3
15 Less uses of property income (interest paid) 169.4 178.2 184.6
16 Net national income/Balance of primary incomes, net -117.1 -128.7 -142.3
17 Plus current taxes on income, wealth, etc. (received) 414.2 435.6 497.7
18 Plus social benefits (received) 276.5 297.5 315.9
19 Less social contributions (paid) 326.6 345.3 358.2
20 Plus other current transfers (received) 9.4 8.2 10.7
21 Less other current transfers (paid) 92.7 99.9 94.7
22 Equals disposable income, net 163.7 167.4 229.3
23 Less final consumption expenditures 338.4 358.2 374.3
24 Equals net saving -174.7 -190.8 -145
CAPITAL ACCOUNT:
25 Net saving and capital transfers -188.1 -203.9 -156.7
26 Net saving -174.7 -190.8 -145
27 Capital transfers received (net) -13 -13 -11.8
28 Capital formation, net 25.2 25.8 30.2
29 Gross fixed capital formation (acq. of produced nonfinancial
assets) 74.4 80.4 85.8
30 Less consumption of fixed capital 48.1 51.6 55.2
31 Acq. of nonproduced nonfinancial assets -1.2 -3 -0.4
32 Net lending or borrowing, capital account (lines 25-28) -213.3 -229.7 -186.9
FINANCIAL ACCOUNT:
33 Net lending or borrowing line 32 -213.3 -229.7 -186.9
34 Net acquisition of financial assets 32.2 6.4 -17.6
35 Monetary gold and SDRs 0.9 0.3 0.5
36 Currency and deposits 13.9 -1.4 -13.6
37 Official foreign exchange 1.9 0.5 -3.8
38 Net IMF position -0.9 -1.5 -2.1
39 Currency and transferable deposits 13 0.4 -8.1
40 Time and savings deposits 0 0.2 0.2
41 Nonofficial foreign currencies -0.1 -1 0.1
42 Loans 17.8 9.7 -7.9
43 Short-term 15.9 9.2 -2.6
44 Consumer credit 0 0 0
45 Other loans and advances 15.9 9.2 -2.6
46 Long-term (mortgages) 1.8 0.5 -5.3
47 Shares and other equity 1.5 1.5 1.2
48 Equity in international organizations 1.5 1.5 1.2
49 Equity in government-sponsored enterprises 0 0 0
50 Other accounts receivable -2 -3.7 2.1
51 Trade receivables 3.7 -2.3 8
52 Taxes receivable -5.6 -1.4 -5.9
53 Other (miscellaneous assets) 0 0 0
54 Net incurrence of liabilities 278.4 265.1 173.9
55 Monetary gold and SDRs (SDR certificates) 0.1 0.3 0
56 Currency and deposits (treasury currency) 0.4 0.5 0.5
57 Securities other than shares 225.8 216 143.9
58 Treasury securities including savings bonds 225.8 215.6 142.4
59 Federal agency securities 0 0.4 1.5
60 Insurance technical reserves 41 30.6 31.5
61 Insurance reserves 1.1 1 1.2
62 Nonmarketable securities held by pension plans 39.9 29.6 30.3
63 Other accounts payable 11.2 17.8 -1.9
64 Trade payables 10.6 14.6 7.5
65 Other (miscellaneous liabilities) 0.6 3.2 -9.4
Memo:
66 Net lending or borrowing, financial account (lines 34-54) -246.2 -258.8 -191.6
67 Total other volume changes -22.5 -20.5 -15.8
68 Other volume changes 10.5 8.7 -11.1
69 Less statistical discrepancy (lines 32-[34-54]) * 33 29.1 4.7
REVALUATION ACCOUNT:
70 Nonfinancial assets 4.9 13.3 5.4
71 Structures 12 18.7 11.6
72 Equipment and software -7.1 -5.3 -6.1
73 Financial assets 2.1 2.1 3.1
74 Currency and checkable deposits -0.8 -1.5 -3.4
75 Monetary gold, SDRs, and official foreign exchange 2.9 3.7 6.4
76 Changes in net worth due to nominal holding gains/losses 7 15.4 8.5
CHANGES IN BALANCE SHEET ACCOUNT:
77 Change in net worth (lines 28+32+67+76)** -203.6 -208.9 -164
BALANCE SHEET ACCOUNT (end of period):
78 Total assets 1229.2 1283.1 1301.7
79 Nonfinancial assets 855.6 895.5 929.5
80 Structures 528.2 550.9 567.8
81 Equipment and software 327.3 344.6 361.7
82 Financial assets 373.7 387.6 372.2
83 Monetary gold and SDRs 7.3 8.4 10.3
84 Currency and deposits 55 54.8 42.7
85 Official foreign exchange 5.8 7.9 7.4
86 Net IMF position 12 11.8 11.4
87 Currency and transferable deposits 34 32.8 21.4
88 Time and savings deposits 1.2 1.4 1.7
89 Nonofficial foreign currencies 1.9 0.9 0.8
90 Loans 251.2 258 242.8
91 Short-term 197.9 203.6 193.8
92 Consumer credit 0 0 0
93 Other loans and advances 197.9 203.6 193.8
94 Long-term (mortgages) 53.3 54.4 49.1
95 Shares and other equity 13.9 15.4 16.6
96 Equity in international organizations 13.9 15.4 16.6
97 Equity in government-sponsored enterprises 0 0 0
98 Other accounts receivable 46.3 51 59.9
99 Trade receivables 35 32.6 40.6
100 Taxes receivable 11.3 18.4 19.3
101 Other (miscellaneous assets) 0 0 0
102 Total liabilities and net worth 1229.2 1283.1 1301.7
103 Liabilities 1856 2118 2302.5
104 Monetary gold and SDRs (SDR certificates) 4.7 5 5
105 Currency and deposits (treasury currency) 13.3 13.8 14.2
106 Securities other than shares 1589.8 1805.8 1949.7
107 Treasury securities including savings bonds 1586.6 1802.2 1944.6
108 Federal agency securities 3.2 3.6 5.1
109 Insurance technical reserves 190 220.6 252
110 Insurance reserves 17.8 18.9 20.1
111 Nonmarketable securities held by pension plans 172.1 201.7 232
112 Other accounts payable 58.2 72.8 81.4
113 Trade payables 58.2 72.8 80.3
114 Other (miscellaneous liabilities) 0 0 1.2
115 Net worth -626.7 -834.9 -1000.8
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

272.3 286.5 299.4 321.4 333.2 335.5 339.2 338.7 343.7 349.3
59.3 63.5 67.9 72.2 74.7 77.9 80.2 81.9 82 82.5
213.1 223 231.6 249.2 258.5 257.6 259 256.9 261.6 266.8
215.4 224.6 236.7 250.6 258.6 259.3 259.5 257.5 262.9 266.5
146.2 151.1 160.4 168.8 173.5 174.7 175.1 174.7 175.7 177.3
69.2 73.4 76.3 81.8 85.1 84.7 84.4 82.8 87.2 89.2
-2.3 -1.6 -5.1 -1.4 -0.1 -1.8 -0.4 -0.6 -1.2 0.3
-150.4 -169 -187.3 -186.9 -191.5 -198.3 -190.9 -225.1 -232.3 -228
-2.3 -1.6 -5.1 -1.4 -0.1 -1.8 -0.4 -0.6 -1.2 0.3
50.3 50.2 51.4 62.2 63.7 66.7 79.4 75.9 73.2 78.2
-29 -26.8 -26.4 -26.9 -29.5 -36 -31.8 -33.7 -34 -32.4
30 28.6 30.2 30.1 25.7 26.2 23.4 23.7 26.9 25.9
28 26.5 27.6 27.4 23.1 23.5 20.6 21.2 23 21.4
2 2.1 2.6 2.8 2.6 2.7 2.7 2.5 4 4.5
199.3 219.3 237.5 250.9 251.3 253.4 261.3 290.4 297.3 300
-150.4 -169 -187.3 -186.9 -191.5 -198.3 -190.9 -225.1 -232.3 -228
516.4 571.5 591.3 573.9 596.7 646.7 702.5 769.2 859.2 952.4
353.1 376.3 400.1 418.6 441.8 463.6 493.7 519.2 542.8 576.4
379.1 412.2 447.2 494.2 551.7 582.4 607.6 642.7 680 706.3
10.8 12.4 13.5 17.9 19.4 21.1 22.3 19.1 23.1 19.9
102.8 109.8 122.7 103.5 167 182.3 191.6 196.3 208.2 212.5
248 269.1 247.7 225.8 147.8 168.4 228.5 243.5 304.5 401.9
382.5 399.2 419.8 439.5 445.2 441.9 440.8 440.5 446.3 457.7
-134.5 -130.1 -172 -213.7 -297.4 -273.5 -212.3 -197 -141.8 -55.8

-146.4 -141.3 -188.3 -229 -308.6 -285.1 -223.1 -209.8 -152.5 -64.2
-134.5 -130.1 -172 -213.7 -297.4 -273.5 -212.3 -197 -141.8 -55.8
-12 -11.2 -16.5 -15.3 -11.2 -11.6 -10.8 -12.8 -10.7 -8.5
20.5 18.8 19.9 16.3 14.3 5.6 -1.7 -10.5 -4.7 -17

79.9 83 88.5 88.3 88.8 83.3 78.3 78.7 81.1 73.2


59.3 63.5 67.9 72.2 74.7 77.9 80.2 81.9 82 82.5
-0.1 -0.7 -0.7 0.2 0.3 0.2 0.2 -7.4 -3.8 -7.6
-167 -160.1 -208.2 -245.3 -322.9 -290.7 -221.4 -199.3 -147.8 -47.3

-167 -160.1 -208.2 -245.3 -322.9 -290.7 -221.4 -199.3 -147.8 -47.3
-4.6 10.1 67.2 60.3 -22.5 -10.8 -46.1 -11.5 2.5 -12.6
-0.1 0.5 0.2 0.2 -2.3 0.5 0.4 0.8 -0.4 0.4
10 -2.3 5.7 25.7 -16.9 21.4 -24.9 6.1 9.8 2.5
2.5 12.6 1.3 -3.2 -2.1 0.4 -2.6 3.2 -3.8 -1.5
-1 -0.5 -0.7 0.4 2.7 0.1 -0.5 2.5 1.3 3.6
9 -14.2 4.8 27.4 -16.9 20.7 -21.7 0 11 -0.5
-0.2 -0.1 0.1 0.1 -0.7 -0.1 -0.1 0.3 1.4 1
-0.3 -0.1 0.1 1 0.1 0.3 0.1 0.3 -0.1 0
-9.5 -3 33.6 10.5 -11.9 -23.6 -15.2 -7 -1.3 3.1
-8.4 -2.3 -1.9 -4.9 0 -8.1 -1.1 6.6 5.9 7.6
0 0 0 0 0 0.4 6.3 3.2 7.7 10.8
-8.4 -2.3 -1.9 -4.9 0 -8.5 -7.5 3.4 -1.8 -3.1
-1.1 -0.7 35.6 15.4 -11.9 -15.4 -14 -13.5 -7.2 -4.5
1.3 1.2 1.3 1.5 1.4 1.1 1.4 1.5 1.8 1.6
1.3 1.2 1.3 1.5 1.4 1.1 1.4 1.5 1.8 1.6
0 0 0 0 0 0 0 0 0 0
-6.3 13.7 26.4 22.4 7.2 -10.4 -7.9 -13 -7.4 -20.1
0.1 3.2 -1.7 -4.6 -6.7 -2.4 -3.8 -1.6 0.9 -3.2
-6.4 -3.8 -4.7 -6.6 0 -2.7 -5.9 -7.5 0 -10
0 14.3 32.8 33.6 13.9 -5.3 1.7 -3.8 -8.4 -7
207.2 210.9 261.1 326.8 340.5 298.7 198.9 169 198.1 56.5
0 3.5 1.5 0 -2 0 0 2.2 -0.5 -0.5
0.5 0.6 1 0 0.2 0.4 0.7 0.7 0.5 0.5
155.1 146.4 246.9 278.2 304 256.1 155.9 144.4 144.9 23.1
137.7 144.7 238.7 292 303.8 248.3 155.7 142.9 146.6 23.2
17.4 1.6 8.2 -13.8 0.2 7.8 0.2 1.5 -1.6 -0.1
34 35.7 34.5 39.6 41.2 38.5 38.9 21.8 55.7 42
1.2 1.2 1.2 1.2 1.4 1.4 1.3 1 0.6 1.7
32.8 34.6 33.4 38.4 39.8 37.1 37.6 20.8 55.1 40.3
17.6 24.8 -22.7 9 -2.9 3.7 3.5 -0.1 -2.6 -8.6
8 8.6 -5.7 -5.3 -2.8 3 -0.4 -4.6 0.7 -8.8
9.6 16.2 -17.1 14.3 -0.1 0.7 3.9 4.5 -3.3 0.3

-211.8 -200.8 -193.9 -266.5 -363 -309.6 -245.1 -180.4 -195.6 -69.1
-44.2 -28.3 0.8 -8.3 -41.1 2.3 -14.1 29.8 -48.2 -11.6
0.6 12.4 -13.5 12.9 -1 21.1 9.6 11 -0.4 10.3
44.8 40.7 -14.3 21.2 40.1 18.8 23.7 -18.8 47.9 21.8

37.7 35.6 28.4 28.6 34.2 48.3 51 45.7 33.6 40.7


28.1 26.1 14.8 18.4 23.4 33 30.3 38 33.7 40.9
9.6 9.4 13.6 10.2 10.8 15.3 20.7 7.6 -0.2 -0.2
-1.1 -0.4 1.6 0.1 -0.8 0 1.3 0.3 -0.8 -1.6
1.7 8.2 -5.5 -1.9 -2.3 -0.3 -2.6 -5.6 5.2 3.8
-2.8 -8.6 7.1 2 1.5 0.3 3.9 6 -6 -5.4
36.6 35.1 30 28.7 33.4 48.3 52.2 46 32.7 39.1

-154.1 -134.5 -157.5 -208.5 -316.4 -234.5 -184.9 -133.9 -168 -36.6

1348.3 1409.6 1529.5 1630.5 1652.4 1714.8 1725.9 1756.3 1790.3 1809.3
985.9 1039.5 1087.1 1129.8 1176 1229 1279.2 1314.4 1343.2 1367
598.5 626.1 642.7 662.6 687.9 723 755.4 787.7 819 848.5
387.4 413.4 444.3 467.2 488.1 506 523.8 526.7 524.3 518.4
362.4 370.2 442.4 500.7 476.4 485.9 446.7 441.9 447.1 442.3
9.6 10 11 11.2 8.5 9 10 11 10.3 10
52.3 49.7 56.1 82 64.6 86.1 61.8 68.1 77.4 79
8.2 12.7 19.6 18.3 18.5 19.2 19.2 28 19 13.8
9.8 9.1 9.1 9.6 11.9 11.9 12.1 14.7 15.5 18.2
32.1 26.1 25.4 50.9 31.7 52.2 27.8 22.2 38.3 41.6
1.4 1.3 1.4 1.6 0.9 0.8 0.7 0.9 2.4 3.4
0.7 0.6 0.6 1.6 1.7 1.9 2 2.3 2.2 2.1
217.4 209.4 243.1 251 239 229.6 214.6 207.8 206.5 209.8
169.3 162.1 160.2 152.7 152.7 144.6 143.6 150.3 156.3 164.1
0 0 0 0 0 0.4 6.7 9.9 17.6 28.3
169.3 162.1 160.2 152.7 152.7 144.2 136.9 140.5 138.7 135.7
48 47.3 82.9 98.3 86.4 85 71 57.5 50.3 45.7
17.9 19.1 20.4 21.9 23.3 24.5 25.9 27.4 29.2 30.8
17.9 19.1 20.4 21.9 23.3 24.5 25.9 27.4 29.2 30.8
0 0 0 0 0 0 0 0 0 0
65.2 82 111.8 134.7 140.9 136.7 134.3 127.5 123.6 112.6
40.7 43.9 42.1 37.5 30.8 28.4 24.7 23.1 24 20.8
24.5 23.8 22.5 16.4 15.5 18.9 18.6 17.3 20.7 20
0 14.3 47.1 80.7 94.6 89.3 91.1 87.2 78.8 71.9
1348.3 1409.6 1529.5 1630.5 1652.4 1714.8 1725.9 1756.3 1790.3 1809.3
2504.7 2701.4 2979.5 3291.3 3631.8 3929.8 4124.9 4289.2 4491.2 4546.8
5 8.5 10 10 8 8 8 10.2 9.7 9.2
14.7 15.3 16.3 16.3 16.5 17 17.6 18.3 18.9 19.3
2104.9 2251.2 2498.1 2776.4 3080.3 3336.5 3492.3 3636.7 3781.7 3804.8
2082.3 2227 2465.8 2757.8 3061.6 3309.9 3465.6 3608.5 3755.1 3778.3
22.6 24.2 32.4 18.6 18.8 26.6 26.7 28.2 26.6 26.5
286 321.7 356.2 395.8 437 475.5 514.4 536.2 591.9 634
21.2 22.4 23.6 24.8 26.2 27.6 28.9 29.9 30.5 32.3
264.7 299.3 332.6 371 410.8 447.9 485.5 506.3 561.4 601.7
94 104.6 98.9 92.8 89.9 92.9 92.5 87.7 89 79.6
88.2 96.8 91.2 85.8 83.1 86.1 85.7 81.1 81.8 72.9
5.8 7.8 7.7 7 6.9 6.8 6.8 6.7 7.3 6.6
-1156.4 -1291.8 -1450.1 -1660.8 -1979.4 -2215 -2399 -2532.9 -2700.9 -2737.6
1998 1999 2000 2001 2002

352.9 361.9 378.7 386.9 408.9 1


82.8 84.8 87.2 88.2 89.1 2
270.1 277 291.6 298.7 319.8 3
270 277.4 293.9 302.8 323 4
179.7 184.3 195.8 200.5 213.3 5
90.3 93.1 98.1 102.3 109.7 6
0.1 -0.3 -2.3 -4.1 -3.1 7
-231.1 -221.4 -216.3 -199 -161.5 8
0.1 -0.3 -2.3 -4.1 -3.1 9
81.1 83.9 87.8 86 87.6 10
-35 -43.8 -43.8 -47.6 -37.2 11
21.5 21.5 25.2 24.4 20.6 12
17.7 18 20.1 17.9 15.9 13
3.8 3.5 5.1 6.5 4.7 14
298.8 282.7 283.3 257.5 229.3 15
-231.1 -221.4 -216.3 -199 -161.5 16
1035.8 1111.9 1225.8 1168.9 993.1 17
613.8 651.6 691.7 715.4 736.7 18
719.2 738 772.5 840.2 920 19
21.5 22.7 25.7 27.4 25.8 20
227.4 248 265.6 290.3 323.4 21
493.4 578.7 688.8 582.2 350.8 22
454.6 475.1 499.3 531.7 590.8 23
38.8 103.6 189.5 50.5 -240 24

35.3 96.3 181.4 37.7 -258.8 25


38.8 103.6 189.5 50.5 -240 26
-3.6 -7.4 -8.1 -12.9 -18.7 27
-12.6 -5 -8 -7.8 -0.2 28

75.8 80.8 79.5 81.2 88.7 29


82.8 84.8 87.2 88.2 89.1 30
-5.7 -1 -0.3 -0.7 0.2 31
47.9 101.3 189.3 45.4 -258.7 32

47.9 101.3 189.3 45.4 -258.7 33


-8.6 71.4 -70.7 51.2 16.6 34
0.1 0 0.7 0.6 0.8 35
-9.6 60.4 -65.5 49.2 6.4 36
0.8 -1.6 0.9 0.3 1.9 37
5.1 -5.5 -2.3 3.6 6.1 38
-16.7 66.2 -65.1 41.1 -18.7 39
1.3 0.7 1 4.2 17.1 40
-0.1 0.6 0 -0.1 0.1 41
11.6 6.4 11.6 6 9.8 42
12.5 6.4 12.5 7.1 9.2 43
9 13.6 16.1 13.1 12.7 44
3.4 -7.1 -3.6 -5.9 -3.4 45
-0.8 -0.1 -0.9 -1.1 0.5 46
1.6 1.5 1.5 1.7 1.7 47
1.6 1.5 1.5 1.7 1.7 48
0 0 0 0 0 49
-12.4 3.2 -19.1 -6.3 -2 50
1.5 4.6 5.3 7.3 -3.3 51
-8.9 1.6 -21.5 -13.4 2.8 52
-5 -3 -2.9 -0.3 -1.5 53
-24.6 -34 -268.7 53.5 285.9 54
0 -3 -4 0 0 55
0.6 1 2.4 1.3 1 56
-52.6 -71.2 -295.9 -5.6 257.5 57
-54.6 -71 -294.9 -5 257 58
2 -0.2 -1 -0.5 0.5 59
42.5 42.5 22.3 62.2 26.1 60
1.3 1.4 1.4 1.4 1.6 61
41.2 41.1 20.9 60.8 24.5 62
-15.1 -3.4 6.4 -4.5 1.3 63
-8 -0.4 4.4 3.4 1.8 64
-7.1 -2.9 2 -7.8 -0.4 65

16 105.4 198 -2.3 -269.3 66


-28.7 46 36.2 -4.5 -29.2 67
3.2 41.9 27.5 43.2 -18.5 68
31.9 -4.1 -8.7 47.7 10.6 69

27 44.1 41.6 33.4 30.8 70


30.3 38.4 43 32.6 30 71
-3.3 5.7 -1.4 0.8 0.8 72
1.3 -0.9 -1.3 -1 -1.4 73
-1.7 -1.4 1.4 1.5 -0.6 74
3.1 0.5 -2.7 -2.5 -0.8 75
28.3 43.2 40.3 32.4 29.4 76

34.9 185.5 257.8 65.6 -258.6 77

1826.8 1981 1967.9 2094.6 2122.2 78


1381.4 1420.5 1454.1 1479.8 1510.4 79
869.4 901.9 936.5 959.2 987 80
511.9 518.6 517.6 520.6 523.4 81
445.4 560.5 513.8 614.9 611.8 82
10.6 10.3 10.5 10.8 12.2 83
70.3 130 63.7 112.3 116.8 84
16.2 16 15.6 14.4 16.9 85
24.2 18 14.9 17.9 22.1 86
23.2 87.9 24.3 66.9 47.5 87
4.7 5.4 6.3 10.5 27.6 88
2 2.6 2.6 2.6 2.7 89
221.6 261.1 272.7 278.7 288.5 90
176.7 183.3 195.8 203 212.2 91
37.4 50.9 67 80.1 92.8 92
139.3 132.4 128.8 122.9 119.4 93
44.9 77.7 76.9 75.8 76.3 94
32.4 33.9 35.4 37.1 38.7 95
32.4 33.9 35.4 37.1 38.7 96
0 0 0 0 0 97
110.5 125.3 131.5 176 155.7 98
22.3 22.9 28.1 35.5 32.2 99
21.4 38.5 42.4 79.8 64.3 100
66.9 63.9 61 60.7 59.2 101
1826.8 1981 1967.9 2094.6 2122.2 102
4529.4 4498.1 4227.2 4288.3 4574.5 103
9.2 6.2 2.2 2.2 2.2 104
19.9 20.9 23.2 24.5 25.5 105
3752.2 3681 3385.1 3379.5 3637 106
3723.7 3652.7 3357.8 3352.7 3609.8 107
28.5 28.3 27.3 26.8 27.3 108
676.5 719 741.3 803.6 829.7 109
33.6 35 36.4 37.8 39.4 110
642.9 684 704.9 765.8 790.3 111
71.7 71.1 75.4 78.6 80.1 112
65 64.5 69 72.3 74.1 113
6.7 6.6 6.4 6.2 6 114
-2702.6 -2517.2 -2259.3 -2193.7 -2452.3 115
SNA, July 19, 2004

8. State and Local Governments 1


Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Gross domestic product(GDP)/Gross value added 354.5 381.5 408
2 Less consumption of fixed capital 44.6 47.9 51.4
3 Equals net domestic product/Net value added 309.9 333.7 356.6
4 Compensation of employees (paid) 306.7 330.9 353.5
5 Wages and salaries 245.7 265 284.3
6 Employers' social contributions 61 66 69.2
7 Operating surplus, net 3.2 2.8 3.1
8 Net national income/Balance of primary incomes, net 280.4 302.4 316.4
9 Operating surplus, net 3.2 2.8 3.1
10 Taxes on production and imports, receivable 262.1 279.7 301.6
11 Subsidies (paid) -0.3 -0.3 -0.3
12 Property income (received) 54.9 58.4 58.1
13 Interest 49.4 52 52.6
14 Distributed income of corporations (dividends) 0.2 0.2 0.2
15 Rents 5.4 6.2 5.3
16 Less uses of property income (interest paid) 39.4 38.2 46.2
17 Net national income/Balance of primary incomes, net 280.4 302.4 316.4
18 Plus current taxes on income, wealth, etc. (received) 101.6 109.9 120.5
19 Plus social benefits (received) 4.9 6 7.2
20 Less social contributions (paid) 77.3 84.3 90.7
21 Plus other current transfers (received) 94.5 105 100
22 Equals disposable income, net 404.1 438.8 453.4
23 Less final consumption expenditures 381.8 417.9 440.9
24 Equals net saving 22.3 21 12.4
CAPITAL ACCOUNT:
25 Net saving and capital transfers 44.3 44 34.7
26 Net saving 22.3 21 12.4
27 Capital transfers received (net) 22 23 22.3
28 Capital formation, net 42.8 48.7 51.2
29 Gross fixed capital formation (acq. of produced nonfin 84.4 92.8 98.5
30 Less consumption of fixed capital 44.6 47.9 51.4
31 Acq. of nonproduced nonfinancial assets 3.1 3.7 4.1
32 Net lending or borrowing, capital account (lines 25-28) 1.6 -4.7 -16.5
FINANCIAL ACCOUNT:
33 Net lending or borrowing line 32 1.6 -4.7 -16.5
34 Net acquisition of financial assets 175.7 84.5 81
35 Currency and deposits 8.1 4.8 6.4
36 Currency and transferable deposits 1.1 2.5 -0.7
37 Time and savings deposits 7 2.4 7.1
38 Securities other than shares 126.8 58.4 49.1
39 Open market paper 0 0 0.2
40 Treasury securities 92.7 57.1 41.9
41 Agency- and GSE-backed securities 30.5 -1.4 5.2
42 Municipal securities 0.6 0.8 -0.2
43 Corporate and foreign bonds 3 2 2
44 Loans 30.8 16.6 20.6
45 Short-term (security RPs) 21 4.8 11.9
46 Long-term (mortgages) 9.8 11.8 8.7
47 Shares and other equity 0 0.2 0.5
48 Corporate equities 0 0.2 0.5
49 Mutual fund shares 0 0 0
50 Other accounts receivable 10 4.4 4.4
51 Taxes receivable 4 2.7 0.5
52 Other (miscellaneous assets) 6 1.7 3.9
53 Net incurrence of liabilities 184.9 94.9 111.1
54 Securities other than shares (municipals) 155.4 72.8 92.8
55 Short-term 2.2 -0.1 -0.8
56 Other 153.2 72.9 93.6
57 Loans (short-term) 8.2 1.4 -2.4
58 Other accounts payable (trade payables) 21.3 20.7 20.7
Memo:
59 Net lending or borrowing, financial account (lines 34-53) -9.2 -10.4 -30.1
OTHER CHANGES IN VOLUME ACCOUNT:
60 Total other volume changes -10.8 -5.7 -13.6
61 Other volume changes 0 0 0
62 Less statistical discrepancy (lines 32-[34-53]) * 10.8 5.7 13.6
63 Nonfinancial assets 44.8 81.7 73.1
64 Structures 43.6 79.9 72.6
65 Equipment and software 1.2 1.8 0.6
66 Shares and other equity 0 0 0
67 Changes in net worth due to nominal holding gains/losses 44.8 81.7 73.1
CHANGES IN BALANCE SHEET ACCOUNT:
68 Change in net worth (lines 28+32+60+67)** 78.3 119.9 94.2
BALANCE SHEET ACCOUNT (end of period):
69 Total assets 2571.4 2782.5 2983.6
70 Nonfinancial assets 1926.5 2053.1 2173.2
71 Structures 1856.7 1975.7 2089.7
72 Equipment and software 69.8 77.4 83.4
73 Financial assets 644.9 729.4 810.5
74 Currency and deposits 80.7 85.5 91.9
75 Currency and transferable deposits 14.8 17.3 16.5
76 Time and savings deposits 65.9 68.2 75.3
77 Securities other than shares 381.4 439.8 488.9
78 Open market paper 0 0 0.2
79 Treasury securities 258.7 315.7 357.6
80 Agency- and GSE-backed securities 105.1 103.7 108.9
81 Municipal securities 9.6 10.4 10.2
82 Corporate and foreign bonds 8 10 12
83 Loans 148.3 165 185.6
84 Short-term (security RPs) 74.1 79 90.9
85 Long-term (mortgages) 74.2 86 94.7
86 Shares and other equity 0 0.2 0.7
87 Corporate equities 0 0.2 0.7
88 Mutual fund shares 0 0 0
89 Other accounts receivable 34.5 38.9 43.3
90 Taxes receivable 27 29.8 30.3
91 Other (miscellaneous assets) 7.5 9.1 13.1
92 Total liabilities and net worth 2571.4 2782.5 2983.6
93 Liabilities 929.6 1024.5 1134.1
94 Securities other than shares (municipals) 651.1 724.9 816.1
95 Short-term 20.5 20.4 18
96 Other 630.6 704.5 798.1
97 Loans (short-term) 26.8 27.3 24.9
98 Other accounts payable (trade payables) 251.7 272.4 293.1
99 Net worth 1641.8 1758 1849.5
(1) Does not include employee retirement funds.
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

439.9 474.1 515 546.1 575.2 604.9 635.6 666.7 693 720.4
54.8 58.7 63 66.9 69.9 73.8 78.5 83.1 87.2 91.6
385.1 415.4 451.9 479.2 505.3 531.1 557.1 583.6 605.8 628.8
380.3 408.9 445.3 472.1 497.6 522.1 548.1 571.5 591.9 616.5
305.1 329 357.3 378 395.7 412.1 431.2 450.8 468.7 490.8
75.1 79.9 87.9 94.2 101.9 110 116.9 120.7 123.2 125.7
4.8 6.5 6.7 7.1 7.7 9 9 12 13.9 12.3
341.2 366.3 390.9 408.2 430.3 446.6 476.1 498.3 526.6 552
4.8 6.5 6.7 7.1 7.7 9 9 12 13.9 12.3
324.6 349.1 374.1 395.3 420.1 436.8 466.3 482.4 507.9 533.8
-0.4 -0.4 -0.4 -0.4 -0.4 -0.4 -0.3 -0.3 -0.3 -0.4
60.5 65.7 68.4 68 64.8 61.4 63.2 68.4 73.3 77.8
55.9 61.4 64.1 63.1 59.6 56.2 57.9 62.9 67.3 71.5
0.2 0.2 0.2 0.3 0.5 0.6 0.8 1 1.4 1.5
4.4 4.1 4.2 4.5 4.8 4.5 4.5 4.5 4.6 4.8
48.4 54.6 57.9 61.7 61.9 60.2 62 64.2 68.1 71.4
341.2 366.3 390.9 408.2 430.3 446.6 476.1 498.3 526.6 552
128.1 138.9 145 149 159.7 168 178 189.8 201.7 216.1
8.4 9 10 11.6 13.1 14.1 14.5 13.6 12.5 10.8
98.5 109.3 127.7 156.5 180 195.2 206.7 217.6 224.3 227.6
109 118.1 133.5 158.2 180.3 197.7 211.9 224.1 234.1 246.6
488.3 523 551.9 570.5 603.4 631.2 673.8 708.1 750.6 798
470.4 502.1 544.6 574.6 602.7 630.3 663.3 696.1 724.8 758.9
17.9 20.8 7.2 -4.2 0.7 0.9 10.5 12 25.8 39.1

41 44.3 32.2 21.6 27.6 29.4 40.3 44.4 59.7 74.4


17.9 20.8 7.2 -4.2 0.7 0.9 10.5 12 25.8 39.1
23.1 23.4 25 25.8 26.9 28.6 29.9 32.4 33.9 35.3
55.8 60.9 69.9 71 70.4 67.7 70.8 77.4 82.6 93.2
106.3 114.7 127.2 132.1 134.3 135.7 143 154 163.8 178.9
54.8 58.7 63 66.9 69.9 73.8 78.5 83.1 87.2 91.6
4.3 4.9 5.7 5.8 5.9 5.8 6.2 6.6 6.1 5.9
-14.8 -16.6 -37.7 -49.4 -42.7 -38.3 -30.5 -33 -22.9 -18.8

-14.8 -16.6 -37.7 -49.4 -42.7 -38.3 -30.5 -33 -22.9 -18.8
39.1 66.5 46.9 57.5 13.5 49.4 -57.6 -31.7 13.8 25.4
1 -2.4 -4.3 -4.6 -5 0.4 8.3 10 5.1 10.2
3 0.4 -1.3 6.5 1.2 2 1.8 3.4 -5.5 4.4
-2 -2.8 -3 -11.1 -6.1 -1.5 6.5 6.6 10.6 5.8
31 39.1 34.1 43.7 1.7 38 -57.2 -94.7 -37.5 -3.6
0.5 0.9 2.4 5 5.2 3.7 4.4 17.1 20.3 14.3
6.6 4.8 41.5 25 -17.4 29.6 -77.8 -80.2 -32.8 -17.7
22.8 30.9 -11.6 11.7 12.2 0.1 11.6 -35.1 -35.3 -0.8
0.1 0.5 0.8 0 -1.1 -1 -0.9 -3.5 -0.5 -0.7
1 2 1 2 2.9 5.6 5.4 7.1 10.7 1.3
2.9 22.5 11 10.2 4.6 5.3 -12.9 0.3 35.9 7.2
-1 16.1 5.7 6.7 4.6 10.7 -15.1 -3 32.1 3.6
4 6.3 5.3 3.5 0 -5.4 2.2 3.3 3.8 3.7
1.1 3 4.8 6 7 8 9.1 18 20.5 9.4
1 1.6 1.5 1.5 1.5 1.5 1.3 12.1 14.5 16.8
0.1 1.4 3.3 4.5 5.5 6.5 7.8 5.9 6 -7.4
3.1 4.3 1.4 2.2 5.1 -2.3 -4.9 34.6 -10.1 2.1
3.7 3.5 -0.5 2.1 0.3 -5.6 -5.4 -9.1 -4.6 0.3
-0.6 0.8 1.9 0.1 4.8 3.3 0.5 43.7 -5.5 1.9
74.9 72.2 70.4 107.4 39.8 83.2 -18.6 -31.7 15 72.9
57.3 50.3 46.3 85 17 58.3 -46.4 -61.4 -16.2 42.8
2 3.3 2.9 6.9 -1.1 1.8 -2.2 1.2 6.3 8.3
55.3 47 43.3 78.1 18.1 56.5 -44.2 -62.6 -22.5 34.4
-3.3 -0.2 0.9 0.4 -0.1 -0.6 0.1 0.5 0.4 -1.2
20.8 22.1 23.3 22.1 22.9 25.5 27.7 29.2 30.9 31.4

-35.8 -5.7 -23.5 -49.9 -26.3 -33.8 -39 0 -1.2 -47.5

-21 10.9 14.2 -0.6 16.4 4.5 -8.6 29.6 15.5 -44
0 0 0 0 0 0 0 -3.5 -6.2 -15.3
21 -10.9 -14.2 0.6 -16.4 -4.5 8.6 -33.1 -21.7 28.7
51.7 67.9 61.1 13 51.6 75.8 123 98.1 80.3 101.2
49.1 65.7 58 11.1 50.3 74.1 121.6 96.2 81.3 104.1
2.6 2.2 3.1 1.9 1.3 1.6 1.4 1.9 -0.9 -2.9
0 0 0 0 0 0 0 3.5 6.2 15.3
51.7 67.9 61.1 13 51.6 75.8 123 101.5 86.5 116.5

71.8 123.1 107.5 34 95.6 109.7 154.7 175.5 161.7 146.9

3125.9 3315.3 3487.5 3623.1 3752.6 3940 4068.9 4212.7 4389.5 4609.3
2276.3 2399.3 2524.5 2602.6 2718.6 2856.7 3043.2 3218.6 3381.5 3575.9
2184.4 2296.8 2410.1 2479.4 2587.7 2717.9 2895 3059.7 3213.9 3400.8
91.9 102.4 114.4 123.2 130.9 138.8 148.1 158.9 167.7 175.1
849.5 916 963 1020.5 1034 1083.4 1025.8 994.1 1007.9 1033.3
92.9 90.5 86.1 81.5 76.6 77 85.3 95.3 100.3 110.5
19.5 19.9 18.6 25.1 26.2 28.2 30 33.3 27.8 32.2
73.4 70.6 67.5 56.5 50.3 48.8 55.3 62 72.6 78.4
519.9 559.1 593.1 636.9 638.6 676.6 619.4 524.8 487.2 483.7
0.7 1.6 4 9 14.1 17.9 22.3 39.4 59.7 74
364.3 369.1 410.6 435.5 418.2 447.8 370 289.8 257 239.3
131.7 162.6 151 162.7 174.9 175 186.6 151.5 116.2 115.4
10.3 10.8 11.6 11.6 10.5 9.5 8.6 5.1 4.6 3.9
13 15 16 18 20.9 26.5 31.9 39 49.7 51
188.5 211 222 232.2 236.7 242 229.1 229.5 265.4 272.7
89.9 106 111.8 118.4 123.1 133.7 118.6 115.7 147.8 151.4
98.6 105 110.2 113.7 113.7 108.3 110.5 113.8 117.6 121.3
1.8 4.8 9.6 15.6 22.6 30.6 39.7 61.2 87.9 112.6
1.7 3.3 4.8 6.3 7.8 9.3 10.6 26.2 46.8 79
0.1 1.5 4.8 9.4 14.9 21.3 29.1 35 41 33.6
46.4 50.7 52.1 54.3 59.4 57.1 52.2 83.4 67.1 53.9
33.9 37.4 37.1 37 38.9 39.1 34 27.9 26.1 26.9
12.5 13.3 15 17.3 20.5 18 18.2 55.4 41 27
3125.9 3315.3 3487.5 3623.1 3752.6 3940 4068.9 4212.7 4389.5 4609.3
1209 1281.1 1351.6 1459 1498.8 1582 1563.4 1531.7 1546.7 1619.7
886 936.4 982.7 1067.6 1084.7 1143 1096.6 1035.3 1019 1061.8
20 23.3 26.2 33.1 32 33.8 31.7 32.9 39.1 47.5
866 913.1 956.4 1034.5 1052.6 1109.2 1065 1002.4 979.9 1014.3
9 8.8 9.6 10 9.9 9.2 9.3 9.8 10.1 8.9
313.9 336 359.2 381.3 404.3 429.7 457.5 486.7 517.6 549
1916.9 2034.2 2135.9 2164.1 2253.7 2358 2505.5 2681 2842.7 2989.6
1998 1999 2000 2001 2002

752.6 790.5 834.4 883.8 930.9 1


96.2 102.1 109.8 117.7 121.7 2
656.4 688.4 724.6 766.1 809.1 3
646.2 677.9 716.9 760.8 803.2 4
517.5 545 578.9 615.2 646.6 5
128.7 132.9 138.1 145.6 156.6 6
10.2 10.4 7.7 5.4 5.9 7
575.9 610.9 640.8 650.6 682.9 8
10.2 10.4 7.7 5.4 5.9 9
558.8 590.2 621.1 643.8 672.5 10
-0.4 -0.4 -0.5 -7.7 -1 11
80.9 85.3 92.2 95.6 95.5 12
74.6 78.4 84 86.7 86 13
1.7 1.8 1.9 2 2.1 14
4.6 5.1 6.3 7 7.4 15
73.6 74.6 79.5 86.6 89.9 16
575.9 610.9 640.8 650.6 682.9 17
236.1 250.3 272.2 273.9 253 18
10.4 9.8 11 13.2 13.5 19
235.8 252.4 271.7 305.1 332.3 20
266.8 290.8 315.4 350.8 384.2 21
853.3 909.3 967.7 983.4 1001.4 22
801.4 858.9 917.8 966.1 1004.6 23
52 50.4 50 17.3 -3.2 24

88 90.3 93.8 65.8 48.4 25


52 50.4 50 17.3 -3.2 26
36 39.9 43.7 48.5 51.7 27
97.9 112.6 124 126.8 135.3 28
186.5 206.1 225.1 235.8 248.4 29
96.2 102.1 109.8 117.7 121.7 30
7.6 8.6 8.8 8.6 8.6 31
-9.9 -22.3 -30.3 -61 -86.9 32

-9.9 -22.3 -30.3 -61 -86.9 33


146.9 77.5 35.8 91.5 86.6 34
8.9 14.9 10.4 12.7 25.6 35
-3.9 3.9 1 5.1 8.5 36
12.8 11 9.4 7.7 17.1 37
130.3 24.1 -22.3 55.9 20.8 38
28 6.9 22.6 -26.5 -3.8 39
30 -2.5 -29.1 50.2 22.1 40
63.6 11 -18 19.9 2.1 41
-1.4 -1.5 0.6 0.3 -1.4 42
10.2 10.1 1.7 11.9 1.8 43
11.3 9.3 24.2 -8.7 2.8 44
7.2 5 19.7 -13.4 -2.1 45
4.1 4.3 4.5 4.7 5 46
-2.9 7.8 -0.3 27.9 8.6 47
9.4 3.5 -1.2 22.8 6.7 48
-12.3 4.3 0.8 5.1 2 49
-0.6 21.5 23.7 3.6 28.7 50
2.8 10.5 14.8 3.6 10.4 51
-3.5 11 8.9 0 18.4 52
98.2 67.6 42.8 131 168.4 53
66.5 38.9 16.5 105.5 143.4 54
-6.3 2.6 1.4 23.8 25.2 55
72.7 36.3 15.1 81.7 118.2 56
1.2 -0.4 -1 0.2 0.5 57
30.5 29.1 27.4 25.2 24.5 58

48.8 9.9 -7.1 -39.5 -81.7 59

45.1 22.6 22 33.1 25.2 60


-13.7 -9.5 -1.2 11.6 20.1 61
-58.7 -32.1 -23.2 -21.5 -5.2 62
86.5 132.1 175.6 90.7 97 63
88.6 132.5 175.5 83.8 90 64
-2.1 -0.4 0 6.9 7 65
13.7 9.5 1.2 -11.6 -20.1 66
100.1 141.6 176.8 79.1 76.9 67

233.2 254.6 292.5 178 150.5 68

4940.6 5262.8 5598.1 5907.1 6226 69


3760.3 4005 4304.6 4522.1 4754.4 70
3574.6 3805.6 4091.2 4288.7 4501 71
185.7 199.4 213.4 233.4 253.4 72
1180.3 1257.8 1293.5 1385 1471.6 73
119.4 134.3 144.7 157.4 183 74
28.3 32.2 33.2 38.2 46.7 75
91.1 102.1 111.5 119.2 136.3 76
614 638.1 615.8 671.6 692.4 77
102 108.9 131.5 105 101.2 78
269.3 266.8 237.7 287.9 310 79
179 190 172 191.9 194 80
2.5 1 1.6 1.9 0.5 81
61.2 71.3 73 84.9 86.7 82
284 293.3 317.5 308.8 311.7 83
158.5 163.5 183.3 169.9 167.7 84
125.4 129.8 134.3 139 143.9 85
123.3 140.6 141.5 157.8 146.4 86
102 115 115.1 126.3 112.9 87
21.3 25.6 26.4 31.5 33.5 88
39.6 51.6 74.1 89.3 138.2 89
28.1 33.5 45.6 50.1 59.5 90
11.5 18.1 28.5 39.2 78.6 91
4940.6 5262.8 5598.1 5907.1 6226 92
1717.8 1785.4 1828.3 1959.2 2127.6 93
1128.2 1167.1 1183.6 1289.2 1432.6 94
41.2 43.7 45.1 69 94.2 95
1087.1 1123.4 1138.5 1220.2 1338.4 96
10.1 9.7 8.7 8.9 9.4 97
579.5 608.6 635.9 661.1 685.6 98
3222.8 3477.3 3769.8 3947.8 4098.4 99
SNA, July 19, 2004

9. Rest of the World


Billions of dollars

Description 1985 1986 1987


CURRENT ACCOUNT:
1 Foreign income from U.S. 525.3 571.2 637.9
2 U.S. imports of goods and services 417.3 453.3 509.1
3 U.S. income payments to rest of world 85.9 93.6 105.3
4 Current taxes and trans. payments to rest of world 22.2 24.3 23.5
5 Foreign outlays to U.S. 414.5 432 487.1
6 U.S. exports of goods and services 302 320.6 363.9
7 U.S. income receipts from rest of world 112.5 111.4 123.2
8 Equals net saving (current external balance) 110.8 139.2 150.8
CAPITAL ACCOUNT:
9 Net saving 110.8 139.2 150.8
10 Net capital transfers 0 -0.3 -0.4
11 Less acq. of nonproduced nonfinancial assets 0.3 0 0
12 Net lending or borrowing, capital account (lines 9+10-11) 110.8 138.9 150.4
FINANCIAL ACCOUNT:
13 Net lending or borrowing (line 12) 110.8 138.9 150.4
14 Net acquisition of U.S. financial assets 124.3 170.3 214.6
15 Monetary gold and SDRs -0.9 -0.2 -0.5
16 Currency and deposits 26.6 20 59.6
17 Currency 5.2 4.1 5.5
18 Transferable deposits 1.5 2.7 -1.4
19 Time deposits 3.2 -2.5 0.9
20 Net interbank items due from U.S. banks 16.6 15.7 54.7
21 Securities other than shares 60 84.1 60.4
22 Open market paper -0.2 -0.1 1
23 Treasury securities 19.6 38.2 35.6
24 Agency- and GSE-backed securities 4.3 7 5
25 Corporate bonds 36.3 39.1 18.8
26 Loans (short-term) 8.1 24.9 2.7
27 Security RPs 0.8 3.4 2.2
28 Loans to U.S. corporate business 7.4 21.6 0.5
29 Shares and other equity 24.2 53.3 73.5
30 Corporate equities 4.4 17.9 15
31 Foreign direct investment in U.S. 19.7 35.4 58.5
32 Other accounts receivable 6.3 -11.8 18.9
33 Trade receivables 0.5 1 0.2
34 Other (miscellaneous assets) 5.9 -12.9 18.6
35 Net incurrence of liabilities 22.7 51.7 44.9
36 Currency and deposits 9.9 26.1 -1
37 Official foreign exchange 3.9 0.9 -7.6
38 Net IMF position -0.9 -1.5 -2.1
39 U.S. private deposits 7.1 27.6 8.6
40 U.S. government deposits -0.1 -1 0.1
41 Securities other than shares 10 14.6 11.2
42 Commercial paper 6.2 11.5 3.8
43 Bonds 3.8 3.1 7.4
44 Loans (short-term) -8.8 -4.9 -5
45 Acceptance liabilities to banks -7.4 -5.4 1
46 U.S. government loans 1.4 1.5 -2.3
47 Bank loans n.e.c. -2.8 -1 -3.6
48 Shares and other equity 20 21.7 30.3
49 Corporate equities 3.7 1.2 -2.1
50 U.S. government equity in IBRD, etc. 1.5 1.5 1.2
51 U.S. direct investment abroad 14.8 19.1 31.2
52 Other accounts payable -8.5 -5.8 9.3
53 Trade payables -0.2 -0.8 2.5
54 Other (miscellaneous liabilities) -8.3 -5 6.8
Memo:
55 Net lending, financial account (lines 14-35) 101.7 118.6 169.7
OTHER CHANGES IN VOLUME ACCOUNT:
56 Total other volume changes -8 -18.3 41.8
57 Other volume changes 1.2 2.1 22.4
58 Less statistical discrepancy (lines 12-[14-35]) * 9.1 20.3 -19.3
REVALUATION ACCOUNT:
59 Financial assets 35.8 36.7 -26.8
60 Securities other than shares 6.6 6.1 -9
61 Treasury securities 6.5 4.8 -8.7
62 Agency- and GSE-backed securities 0.4 0.2 -0.3
63 Shares and other equity 29.2 30.5 -17.8
64 Corporate equities 25.3 28.5 -9.2
65 Foreign direct investment in U.S. 3.9 2.1 -8.6
66 Liabilities 23.1 46.3 92.2
67 Currency and deposits 5 8.6 29.6
68 Official foreign exchange 2.3 3.5 3.4
69 Net IMF position 1.3 1.3 1.7
70 Shares and other equity 18.1 37.8 62.6
71 Corporate equities 14.7 26.9 24.4
72 U.S. direct investment abroad 3.4 10.9 38.2
73 Changes in net worth due to nominal holding gains/losses 12.7 -9.7 -119.1
CHANGES IN BALANCE SHEET ACCOUNT:
74 Change in net worth (lines 12+56+73) 115.5 111 73.1
FINANCIAL BALANCE SHEET ACCOUNT (end of period):
75 Total financial assets 967.4 1176.7 1355.2
76 Currency and deposits 79.5 99.5 148.9
77 Currency 45.8 49.9 55.3
78 Transferable deposits 21.2 23.9 22.5
79 Time deposits 43.4 40.9 41.8
80 Net interbank items due from U.S. banks -30.9 -15.2 29.3
81 Securities other than shares 375.9 466.1 517.5
82 Open market paper 8.2 8 9
83 Treasury securities 226.4 269.4 296.3
84 Agency- and GSE-backed securities 14.9 22.1 26.8
85 Corporate bonds 126.4 166.6 185.4
86 Loans (short-term) 63.5 88.5 91.2
87 Security RPs 7.5 10.9 13.1
88 Loans to U.S. corporate business 56 77.6 78.1
89 Shares and other equity 384 467.9 523.6
90 Corporate equities 136.8 183.2 189
91 Foreign direct investment in U.S. 247.2 284.7 334.6
92 Other accounts receivable 64.4 54.7 74.1
93 Trade receivables 30.9 31.9 34.1
94 Other (miscellaneous assets) 33.6 22.8 40
95 Total liabilities and net worth 967.4 1176.7 1355.2
96 Total liabilities 914.1 1012.5 1118
97 Currency and deposits 175.2 209.9 238.5
98 Official foreign exchange 12.9 17.3 13.1
99 Net IMF position 12 11.7 11.3
100 U.S. private deposits 148.5 179.9 213.3
101 U.S. government deposits 1.9 0.9 0.8
102 Securities other than shares 105.7 112.3 123.5
103 Commercial paper 33.9 37.4 41.2
104 Bonds 71.8 74.9 82.3
105 Loans (short-term) 133.6 128.7 123.9
106 Acceptance liabilities to banks 31.6 26.3 27.3
107 U.S. government loans 74 75.5 73.3
108 Bank loans n.e.c. 27.9 26.9 23.3
109 Shares and other equity 466.8 526.3 619.2
110 U.S. government equity in IBRD, etc. 13.9 15.4 16.6
111 U.S. direct investment abroad 408.5 438.5 507.9
112 Corporate equities 44.4 72.4 94.7
113 Other accounts payable 32.9 35.3 12.9
114 Trade payables 16.3 15.6 18.1
115 Other (miscellaneous liabilities) 16.5 19.7 -5.2
116 Net worth (external account) 53.3 164.2 237.3
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

708.4 769.3 811.5 752.3 825 882.5 1012.5 1137.2 1217.7 1352.2
554.5 591.5 630.3 624.3 668.6 720.9 814.5 903.6 964.8 1056.9
128.5 151.5 154.3 138.5 123 124.3 160.2 198.2 213.7 253.7
25.5 26.4 26.9 -10.6 33.4 37.3 37.8 35.4 39.1 41.6
596.2 681 741.5 765.7 788 812.1 907.3 1046.2 1117.3 1242.1
444.1 503.3 552.4 596.8 635.3 655.8 720.9 812.2 868.6 955.4
152.1 177.7 189.1 168.9 152.7 156.3 186.4 234 248.7 286.7
112.3 88.4 70 -13.5 37 70.4 105.2 91 100.4 110.2

112.3 88.4 70 -13.5 37 70.4 105.2 91 100.4 110.2


-0.5 -0.3 6.6 4.4 0.6 1.3 1.7 1.1 0.6 1
0 0 0 0 0 0 0 0.2 -0.1 -0.1
111.8 88.1 76.6 -9 37.5 71.7 106.8 92.1 101 111.2

111.8 88.1 76.6 -9 37.5 71.7 106.8 92.1 101 111.2


191.5 195.1 157.6 90.6 212.3 320.2 299.7 419.2 521.8 597.3
0.1 -0.5 -0.2 -0.2 2.3 -0.5 -0.4 -0.8 0.4 -0.4
14.5 3.5 43.5 -6.2 61.2 71.1 119.5 17.9 -21.1 38.6
5.7 5.9 18.8 15.4 13.5 18.9 23.5 12.3 17.4 24.8
-0.5 0.2 -0.3 -1.4 1.5 -0.3 1.8 1.1 2.6 5.1
3.4 4.7 -0.7 -0.2 -4.1 6.8 1.5 -6.6 10.9 13.1
5.9 -7.2 25.6 -19.9 50.3 45.6 92.7 11.1 -52 -4.3
87.5 60.2 36.6 60.7 93.5 145.1 130.7 246.8 375.7 242.3
2.8 2.4 -2 0.6 1.6 5.9 6 18.6 14.4 19.9
62 29.8 27 33.7 55.6 73.3 65 160.5 262.7 123.7
6.7 15.1 6.3 10.2 18.3 35.4 21.7 17.6 26.8 30.3
15.9 13 5.3 16.2 18.1 30.4 38 50.1 71.8 68.4
21.8 32.4 46.6 -46.2 25.7 1.1 -10.4 21 7.1 37.2
-0.1 10.1 -3.4 1.2 20.9 16.9 -12 21 3.2 20
21.9 22.4 50.1 -47.3 4.9 -15.8 1.6 0 3.9 17.3
54.9 77.3 32.5 33.6 14.2 72.3 47 74.3 97.6 172.6
-2.9 9 -16 10.4 -5.6 20.9 0.9 16.5 11.1 67
57.7 68.3 48.5 23.2 19.8 51.4 46.1 57.8 86.5 105.6
12.8 22.3 -1.5 48.9 15.3 31.1 13.3 60 62.2 106.9
3.1 2.4 6.2 0.8 3 4.5 1.8 0.7 5.5 0.9
9.7 19.9 -7.7 48.1 12.3 26.6 11.5 59.2 56.7 106
51.1 145.3 103.8 48.7 115.5 238.8 170.2 332.6 383.9 377.8
18.4 53.7 30 -31.4 -5 -17.3 47.2 44.4 79.5 108.3
5.1 25.2 2.7 -6.3 -4.3 0.8 -5.3 6.3 -7.6 -2.9
-1 -0.5 -0.7 0.4 2.7 0 -0.5 2.5 1.3 3.6
14.7 29.1 27.9 -26.5 -3.4 -18.5 52.9 35.3 85.9 107.7
-0.3 -0.1 0.1 1 0.1 0.3 0.1 0.3 -0.1 0
15.6 17.9 33.7 21.8 22.4 73.3 -13.9 70.6 78.3 65.1
8.7 13.1 12.3 6.8 5.6 -9.6 -26.1 13.5 11.3 3.7
6.9 4.9 21.4 15 16.8 82.9 12.2 57.1 67 61.4
-8.2 -7.8 -9.8 -6.6 1.7 -3.5 0 7.9 10.1 6.7
-2.4 -5.3 -3.2 -4.4 -0.7 -3.1 -0.3 0.3 1.8 -0.2
-4 -2.3 -3.8 -5.4 0.2 -1.1 -1.1 -0.8 -0.7 -1.6
-1.8 -0.1 -2.9 3.1 2.3 0.7 1.4 8.5 9.1 8.5
19.6 56.9 40.8 69.1 79.5 148.5 129.7 165.7 176.6 164
1.1 17.2 7.4 30.7 32.4 63.4 48.1 65.4 82.8 57.6
1.3 1.2 1.3 1.5 1.4 1.1 1.4 1.5 1.8 1.6
17.2 38.5 32.1 36.9 45.7 84 80.2 98.8 91.9 104.8
5.7 24.5 9.1 -4.1 16.8 37.8 7.3 44.1 39.4 33.7
7.7 2.8 -1.2 3 1.2 3.4 3.6 5.8 -1.7 5.2
-2 21.7 10.3 -7.1 15.6 34.5 3.6 38.3 41.1 28.5

140.4 49.9 53.8 41.9 96.9 81.4 129.5 86.6 137.9 219.6

-16 -8.4 -23.3 53 25.6 20.5 16.3 -60 86.9 -56.8


-44.7 29.8 -0.4 2 -33.7 10.7 -6.3 -54.5 50 -165.2
-28.7 38.2 22.9 -51 -59.4 -9.7 -22.6 5.6 -36.9 -108.4

30.5 86.4 -41.6 52.5 8.7 15.5 -29.6 170.2 57.4 185
-6.6 35.3 -14.2 2.8 -14 -9.8 -31.5 30.6 -33.5 -1.4
-4.4 40.1 -12.4 4.3 -11.5 0.9 -27 27.1 -35.6 -5.3
-0.2 -2.9 -1.8 -1.4 -2.4 -2.1 -4.4 3.5 2.1 3.9
37.2 51.1 -27.4 49.6 22.7 25.3 1.9 139.6 90.9 186.4
27.7 53.3 -16.4 44.8 35.6 23.6 23.3 135.3 111.8 213.5
9.5 -2.2 -11 4.9 -13 1.7 -21.5 4.3 -20.9 -27.1
43.7 57.7 28 41.8 -29.4 156.7 73.3 95.4 168.9 104.3
-0.3 10.7 8.8 2.2 -4.5 23.3 54.9 11.3 13.2 -16.4
-0.8 2 4.9 0 -1.7 0.7 5 1.5 -3.2 -4.6
-0.6 -0.2 0.8 0 -0.4 0 0.7 0.2 -0.5 -0.9
44 47 19.2 39.5 -24.9 133.4 18.4 84.1 155.7 120.7
32.9 51.5 -7.2 50.7 2.9 166.2 35.5 83.9 143.3 147.3
11.2 -4.5 26.4 -11.2 -27.8 -32.8 -17.1 0.2 12.4 -26.6
-13.1 28.7 -69.6 10.7 38.1 -141.2 -102.8 74.7 -111.5 80.7

82.6 108.4 -16.2 54.7 101.2 -49.1 20.3 106.8 76.4 135.1

1581.3 1895 1998.4 2134.9 2287 2648 2909.6 3434.5 4042.1 4627.3
163.4 166.5 210 207.1 264.2 335.3 454.8 472.7 451.6 490.2
61 66.9 85.7 101.1 114.6 133.5 156.9 169.2 186.6 211.4
21.9 22.1 21.8 20.4 21.9 21.6 23.5 24.5 27.1 32.2
45.2 49.9 49.2 49 47.9 54.7 56.3 49.6 60.6 73.6
35.2 27.7 53.3 36.6 79.9 125.4 218.2 229.3 177.3 173
598.3 693.8 716.3 779.8 859.3 994.6 1093.9 1371.3 1713.5 1954.4
11.8 12.7 10.7 11.3 12.9 18.8 24.9 43.4 57.9 77.8
353.8 423.7 438.4 476.3 520.3 594.6 632.6 820.2 1047.3 1165.7
33.3 45.5 50 58.8 74.6 107.9 125.1 146.2 175.1 209.4
199.3 211.9 217.2 233.4 251.5 273.3 311.4 361.5 433.2 501.6
113 145.5 192.1 145.9 171.7 172.8 168.7 189.7 196.9 234.1
13 23.1 19.7 20.9 41.7 58.6 46.6 67.6 70.9 90.8
100 122.3 172.4 125.1 129.9 114.2 122.1 122.1 126 143.3
615.6 744 749.1 832.4 869.3 966.8 1015.7 1229.6 1418 1777
213.8 276.1 243.8 299 329 373.5 397.7 549.5 672.4 952.9
401.8 467.9 505.3 533.4 540.3 593.3 618 680.1 745.6 824.1
91 145.3 130.9 169.8 122.5 178.5 176.5 171.2 262.2 171.6
36.8 39.1 45.3 44.8 47.2 50 51.8 52.6 58.1 59
54.3 106.1 85.7 124.9 75.3 128.5 124.7 118.6 204.1 112.6
1581.3 1895 1998.4 2134.9 2287 2648 2909.6 3434.5 4042.1 4627.3
1261.4 1466.8 1586.4 1668.2 1719 2129.2 2370.4 2788.5 3319.7 3769.8
256.6 321 359.8 330.6 321.1 327.1 429.2 484.8 577.6 669.5
17.4 44.6 52.2 45.9 40 41.5 41.2 49.1 38.3 30.8
9.7 9 9.1 9.5 11.8 11.8 12 14.6 15.4 18.1
228.7 266.8 297.9 273.5 267.7 271.8 373.9 418.8 521.7 618.5
0.7 0.6 0.6 1.6 1.7 1.9 2 2.3 2.2 2.1
139.1 157 190.7 212.5 225.6 298.9 284.9 355.5 433.8 492.8
49.9 63 75.3 82.1 78.4 68.8 42.7 56.2 67.5 65.1
89.2 94 115.4 130.4 147.2 230.1 242.3 299.4 366.3 427.7
115.6 107.9 98.2 91.5 93.2 89.8 90 98.1 108.3 115.1
24.9 19.6 16.3 12 11.3 8.2 7.9 8.2 9.9 9.7
69.3 67 63.3 57.9 58 57 56 55.4 54.7 53.2
21.5 21.4 18.5 21.6 23.9 24.6 26.1 34.6 43.7 52.1
682.8 786.7 846.7 955.3 1009.9 1291.8 1439.9 1689.7 2022 2306.7
17.9 19.1 20.4 21.9 23.3 24.5 25.9 27.4 29.2 30.8
536.2 570.2 628.7 654.5 672.4 723.5 786.6 885.5 989.8 1068.1
128.7 197.3 197.6 279 314.3 543.9 627.5 776.8 1002.9 1207.8
67.3 94.1 90.9 78.3 69.1 121.6 126.3 160.3 178 185.7
25.8 28.6 27.4 30.4 31.8 35.9 39.5 45.3 43.6 48.8
41.5 65.5 63.5 47.8 37.4 85.7 86.8 115 134.4 136.9
319.9 428.3 412 466.7 568 518.8 539.2 646 722.4 857.5
1998 1999 2000 2001 2002

1430.4 1586 1875.6 1732.5 1770.1 1


1115.9 1251.8 1475.8 1401.7 1433.1 2
265.8 287.1 343.7 283.8 277.7 3
48.8 47.2 56.1 47.1 59.3 4
1243.1 1312.1 1479 1354.1 1306 5
955.9 991.3 1096.3 1035.1 1006.8 6
287.1 320.8 382.7 319 299.1 7
187.4 273.9 396.6 378.5 464.1 8

187.4 273.9 396.6 378.5 464.1 9


0.7 4.9 0.8 1.1 1.3 10
0 0 0 0.1 0 11
188.1 278.8 397.4 379.6 465.4 12

188.1 278.8 397.4 379.6 465.4 13


393.4 708.5 942.2 640.3 680 14
-0.1 0 -0.7 -0.6 -0.8 15
0.7 49.2 18.5 -41.6 39.4 16
16.6 26.6 5.3 23.8 21.5 17
-1.8 13.3 -9.5 0.4 1.7 18
13 15 1.9 -20.1 12 19
-27.1 -5.7 20.8 -45.6 4.2 20
173.4 162.5 228.1 321.4 428.9 21
37.6 -13 9.5 6.2 17.3 22
18.7 -32.3 -87.2 3.3 139.4 23
11.1 63.4 137.3 106.1 106.7 24
106.2 144.4 168.4 205.8 165.6 25
-19.8 -14.8 9.2 57.8 49.5 26
-18.8 8 11.4 59.4 39.4 27
-1 -22.7 -2.2 -1.6 10.1 28
221 401.7 514.9 273 92.8 29
42 112.3 193.6 121.4 53.2 30
179 289.4 321.3 151.6 39.6 31
18.2 109.9 172.3 30.3 70.2 32
-6.5 -5.1 -0.4 -3.1 3.1 33
24.7 115 172.6 33.4 67.1 34
318.4 476.8 486.7 225.8 153.3 35
12.9 53 133.8 34.9 33.9 36
1.5 -3.3 1.9 0.7 3.8 37
5.1 -5.5 -2.3 3.6 6.1 38
6.5 61.1 134.2 30.7 23.9 39
-0.1 0.6 0 -0.1 0.1 40
30.6 18.2 46.9 -38.7 2.6 41
7.8 16.3 31.7 -14.2 36.1 42
22.8 1.9 15.2 -24.5 -33.5 43
0.6 -5.3 10.1 -11 3.2 44
-5 -0.9 -0.7 -2.6 -0.4 45
-1 -4.8 -0.6 -1.1 -1.8 46
6.6 0.5 11.4 -7.3 5.3 47
245.6 340.7 267.4 230.8 157.2 48
101.4 114.3 106.7 109.1 17.7 49
1.6 1.5 1.5 1.7 1.7 50
142.6 224.9 159.2 120 137.8 51
28.7 70.1 28.5 9.8 -43.6 52
-3.9 4.2 0.8 -2.2 -10.1 53
32.6 65.9 27.6 12 -33.5 54

75 231.7 455.5 414.5 526.7 55

-202.2 -264 238.9 50.9 -39.9 56


-89.1 -217 180.8 15.9 -101.3 57
113.1 47.1 -58.1 -35 -61.3 58

261 111.5 -360 -285 -222.2 59


8 -63.3 40.6 12.7 44.1 60
0.6 -72.2 32.9 10.3 35.2 61
7.4 8.9 7.7 2.5 8.9 62
253 174.8 -400.6 -297.7 -266.3 63
255.5 248.9 -179.5 -213.1 -364.4 64
-2.5 -74.1 -221.1 -84.6 98.2 65
155.7 406.6 -305.1 -404.4 -270.1 66
4.6 -1.2 -3.6 -3.5 -0.9 67
3.7 -0.6 -2.8 -2.9 1 68
0.9 -0.7 -0.8 -0.6 -1.9 69
151.2 407.8 -301.4 -400.9 -269.2 70
165.8 414.4 -257.6 -349.3 -285.2 71
-14.7 -6.6 -43.8 -51.6 15.9 72
105.3 -295.1 -54.9 119.4 47.9 73

91.2 -280.4 581.4 549.9 473.3 74

5199.8 5819.9 6590.6 6979.2 7375.3 75


490.9 540.1 558.7 517.1 556.5 76
228 254.6 259.9 283.7 305.2 77
30.4 43.7 34.2 34.6 36.3 78
86.6 101.6 103.5 83.3 95.3 79
145.9 140.3 161.1 115.5 119.7 80
2135.9 2235.1 2503.8 2837.9 3310.9 81
115.3 102.3 111.9 118.1 135.4 82
1185 1080.4 1026.1 1039.7 1214.2 83
227.8 300.2 445.2 553.8 669.4 84
607.8 752.1 920.6 1126.3 1291.9 85
214.3 199.5 208.7 266.4 316 86
72 79.9 91.3 150.7 190.1 87
142.3 119.5 117.3 115.7 125.8 88
2251 2827.5 2941.8 2917.1 2743.7 89
1250.3 1611.5 1625.6 1533.9 1222.7 90
1000.7 1216 1316.2 1383.2 1521 91
107.7 17.6 377.6 440.5 448.2 92
52.5 47.4 47 43.9 47 93
55.2 -29.7 330.6 396.7 401.2 94
5199.8 5819.9 6590.6 6979.2 7375.3 95
4251.1 5151.6 5340.9 5179.5 5102.3 96
687 738.8 869 900.4 933.4 97
36 32.2 31.2 29 33.8 98
24.1 18 14.8 17.9 22 99
624.9 686.1 820.3 851 874.9 100
2 2.6 2.6 2.6 2.7 101
523.5 541.7 588.6 549.9 552.6 102
72.9 89.2 120.9 106.7 142.8 103
450.6 452.5 467.7 443.2 409.8 104
115.8 110.8 120.9 109.8 113 105
4.7 3.9 3.1 0.5 0.2 106
52.4 47.8 47.2 46 44.3 107
58.7 59.2 70.5 63.2 68.6 108
2703.4 3451.9 3417.9 3247.8 3135.8 109
32.4 33.9 35.4 37.1 38.7 110
1196 1414.4 1529.7 1598.1 1751.9 111
1475 2003.7 1852.9 1612.7 1345.2 112
221.4 308.4 344.5 371.6 367.6 113
44.9 49.1 49.9 47.8 37.6 114
176.5 259.3 294.6 323.8 330 115
948.7 668.3 1249.7 1799.6 2273 116