Full text: Capital Gains, Pension Funds and the Low Savings Ratio in the United States

THE NATIONAL INCOME AND PRODUCT ACCOUNTS 
Table 1.7.—Gross National Product by Sector: Annually, 1929-82, and Seasonally Adjusted Quarterly Totals at Annual Rates, 1946-82 
[Billions of dollars] 
Line 
1929 
1930 
1931 
1932 
1933 
1934 
1935 
1936 
1937 
1938 
1939 
1940 
1941 
1942 
1943 
1944 
1945 
1946 
OSS national product 
, 
103.9 
91.1 
76.4 
58.5 
56.0 
65.6 
72.8 
83.1 
91.3 
85.4 
91.3 
100.1 
125.5 
159.0 
192.7 
211.4 
213.4 
212.4 
>mestic product 
2 
103.2 
90.4 
75.9 
58.1 
55.7 
65.3 
72.4 
82.8 
90.9 
85.0 
90.9 
100.1 
125.0 
158.5 
192.3 
210.9 
213.0 
211.6 
iSS 
3 
96.0 
83.2 
68.9 
51.8 
49.3 
57.9 
64.6 
73.6 
81.6 
75.1 
81.0 
89.8 
113.0 
140.4 
163.4 
174.9 
173.5 
184.8 
farm 
4 
84.8 
75.6 
61.2 
46.4 
43.6 
62.1 
67.3 
65.3 
73.0 
67.6 
73.0 
82.0 
103.4 
128.0 
149.8 
156.9 
153.5 
165.2 
onfarm less housing 
5 
75.8 
66.9 
53.1 
39.1 
37.3 
46.3 
51.4 
59.3 
66.6 
60.7 
66.1 
74.8 
95.6 
119.5 
140 8 
147.5 
143.8 
155.1 
ousing 
6 
9.0 
8.7 
8.2 
7.3 
6.3 
5.9 
5.9 
6.0 
6.4 
6.8 
7.0 
7.2 
7.7 
8.5 
9.0 
9.4 
9.7 
10.1 
7 
9.7 
7.6 
6.3 
4.5 
4.6 
4.7 
7.0 
6.4 
8.2 
6.5 
6.3 
6.4 
8.9 
13.0 
15.3 
15.3 
16.0 
18.8 
;istical discrepancy 
8 
1.5 
0 
1.4 
.9 
1.2 
1.1 
.3 
1.7 
.4 
1.0 
1.7 
1.4 
.7 
-.7 
-1.7 
2.7 
4.0 
.7 
‘holds and institutions 
9 
2.9 
2.7 
2.3 
1.9 
1.7 
1.8 
1.9 
2.0 
2.3 
2.2 
2.3 
2.4 
2.5 
2.9 
3.2 
3.7 
4.1 
4.5 
rate households 
10 
1.7 
1.5 
1.1 
.8 
.7 
.9 
.9 
1.0 
1.2 
1.0 
1.1 
1.2 
1.2 
1.5 
1.6 
1.9 
2.1 
2.1 
iprofit institutions 
11 
1.1 
1.2 
1.1 
1.0 
.9 
1.0 
1.0 
1.0 
1.1 
1.1 
1.1 
1.2 
1.3 
1.4 
1.6 
1.8 
2.0 
2.4 
nment 
12 
4.4 
4.6 
4.7 
4.5 
4.7 
5.6 
6.0 
7.3 
6.9 
7.7 
7.6 
7.8 
9.5 
15.2 
25.6 
32.3 
35.3 
22.4 
leral 
13 
.9 
.9 
1.0 
.9 
1.2 
1.7 
1.8 
3.6 
3.1 
3.6 
3.5 
3.5 
5.1 
10.7 
21.0 
27.3 
30.0 
16.2 
te and local 
14 
3.5 
3.6 
3.7 
3.6 
3.5 
3.9 
4.2 
3.7 
3.9 
4.1 
4.2 
4.3 
4.4 
4.5 
4.7 
4.9 
5.4 
6.2 
the world 
15 
.8 
.7 
.5 
.4 
.3 
.3 
.3 
.3 
.4 
.4 
.4 
.4 
.5 
.5 
.4 
.5 
.4 
.7 
lum: 
s domestic business product less housing.. 
16 
86.2 
73.7 
60.0 
43.9 
42.5 
51.4 
58.1 
66.9 
74.6 
67.7 
73.4 
82.0 
104.7 
131.2 
153.7 
164.7 
163.0 
173.7 
Line 
1947 
1948 
1949 
1950 
1951 
1952 
1953 
1954 
1955 
1956 
1957 
1958 
1959 
1960 
1961 
1962 
1963 
1964 
Gross national product 
1 
235.2 
261.6 
260.4 
288.3 
333.4 
351.6 
371.6 
372.5 
405.9 
428.2 
451.0 
456.8 
495.8 
515.3 
533.8 
574.6 
606.9 
649.8 
domestic product 
2 
234.1 
260.1 
259.0 
286.7 
331.4 
349.4 
369.5 
370.3 
403.3 
425.2 
447.7 
453.9 
492.7 
511.8 
530.0 
570.1 
602.0 
644.4 
iness 
3 
211.3 
236.4 
232.9 
259.0 
296.7 
310.7 
329.3 
329.1 
359.4 
378.1 
397.3 
399.5 
435.5 
449.9 
463.9 
499.1 
526.0 
562.1 
onfarm 
4 
189.3 
214.4 
213.3 
238.3 
271.1 
286.7 
306.3 
306.7 
338.8 
361.4 
380.1 
378.9 
417.9 
432.5 
445.0 
478.6 
506.2 
544.3 
Nonfarm less housing 
5 
178.3 
202.0 
199.5 
222.8 
253.8 
267.1 
284.4 
282.5 
312.7 
333.3 
349.7 
346.0 
382.3 
393.9 
403.6 
434.0 
458.7 
494.1 
Housing 
6 
11.0 
12.4 
13.9 
15.4 
17.3 
19.6 
22.0 
24.2 
26.1 
28.1 
30.4 
32.9 
35.6 
38.6 
41.4 
44.6 
47.5 
50.2 
arm 
7 
20.2 
23.3 
18.8 
20.0 
22.9 
22.2 
20.3 
19.7 
18.8 
18.6 
18.4 
20.7 
19.0 
20.2 
20.2 
20.4 
20.5 
19.3 
tatistical discrepancy 
8 
1.8 
-1.3 
.8 
.8 
2.7 
1.8 
2.6 
2.7 
1.8 
-1.9 
-1.2 
-.1 
-1.5 
-2.8 
-1.2 
0 
-.6 
-1.4 
jseholds and institutions 
9 
5.1 
5.6 
6.9 
6.5 
6.9 
7.2 
7.8 
8.1 
9.1 
9.9 
10.6 
11.5 
12.4 
13.9 
14.5 
15.6 
16.7 
17.9 
’rivate households 
10 
2.4 
2.4 
2.4 
2.6 
2.7 
2.6 
2.7 
2.6 
3.1 
3.3 
3.3 
3.5 
3.6 
3.8 
3.7 
3.8 
3.8 
3.9 
lonprofit institutions 
11 
2.8 
3.2 
3.6 
3.9 
4.3 
4.6 
5.1 
5.5 
6.1 
6.6 
7.3 
8.0 
8.9 
10.1 
10.7 
11.8 
12.8 
14.0 
rernment 
12 
17.6 
18.1 
20.1 
21.2 
27.7 
31.5 
32.4 
33.0 
34.8 
37.2 
39.8 
42.9 
44.8 
48.1 
51.6 
55.4 
59.3 
64.4 
'ederal 
13 
10.3 
9.6 
10.7 
11.1 
16.6 
19.3 
19.1 
18.3 
19.0 
19.6 
20.2 
21.3 
21.7 
22.6 
23.6 
25.2 
26.5 
28.5 
State and local 
14 
7.3 
8.5 
9.4 
10.1 
11.2 
12.3 
13.3 
14.7 
15.8 
17.6 
19.6 
21.6 
23.1 
25.5 
27.9 
30.2 
32.9 
35.9 
of the world 
15 
1.2 
1.5 
1.4 
1.5 
2.0 
2.2 
2.1 
2.2 
2.6 
3.0 
3.4 
2.9 
3.1 
3.5 
3.8 
4.5 
4.9 
5.4 
;ndum: 
oss domestic business product less housing.. 
16 
199.2 
222.8 
217.9 
242.3 
278.1 
289.7 
305.9 
303.4 
331.9 
348.6 
365.4 
365.0 
398.2 
409.5 
420.8 
452.7 
476.7 
510.0 
Line 
1965 
1966 
1967 
1968 
1969 
1970 
1971 
1972 
1973 
1974 
1975 
1976 
1977 
1978 
1979 
1980 
1981 
1982 
Gross national product 
1 
705.1 
772.0 
816.4 
892.7 
963.9 
1,015.5 
1,102.7 
1,212.8 
1,359.3 
1,472.8 
1,598.4 
1,782.8 
1,990.5 
2,249.7 
2,508.2 
2,732.0 
3,052.6 
3,166.0 
ss domestic product 
2 
699.3 
766.3 
810.4 
885.9 
957.1 
1,008.2 
1,093.4 
1,201.6 
1,343.1 
1,453.3 
1,580.9 
1,761.7 
1,965.1 
2,219.1 
2,464.4 
2,684.4 
3,000.5 
3,114.8 
usiness 
3 
610.7 
666.7 
699.7 
762.0 
820.1 
856.3 
927.4 
1,020.0 
1,145.0 
1,237.5 
1,341.2 
1,500.7 
1,682.1 
1,908.4 
2,125.3 
2,306.8 
2,582.8 
2,6582 
Nonfarm 
4 
590.0 
641.7 
677.8 
740.4 
798.8 
831.2 
897.5 
988.8 
1,098.3 
1,190.0 
1.288.4 
1,448.7 
1,631.7 
1,850.0 
2,054.5 
2,236.4 
2,498.9 
2,581.3 
Nonfarm less housing 
5 
536.4 
584.7 
616.9 
675.6 
728.7 
755.9 
815.6 
899.8 
1,001.8 
1,085.0 
1,175.8 
1,325.5 
1,494.7 
1,695.6 
1,882.1 
2,040.8 
2,275.8 
2,337.5 
Housing 
6 
53.6 
57.1 
60.9 
64.9 
70.1 
75.2 
81.9 
89.0 
96.5 
104.9 
112.7 
123.2 
137.1 
154.4 
172.4 
195.6 
223.1 
243.8 
Farm 
7 
21.9 
22.8 
22.2 
22.7 
25.2 
26.3 
28.1 
32.8 
51.0 
49.2 
50.3 
48.5 
50.4 
60.3 
71.8 
65.5 
79.8 
77.0 
Statistical discrepancy 
8 
-1.2 
2.1 
-.4 
-1.1 
-3.9 
-1.1 
1.8 
-1.6 
-4.3 
-1.7 
2.5 
3.6 
0 
-1.9 
-1.0 
4.9 
4.1 
-.1 
households and institutions 
9 
19.3 
21.3 
23.4 
26.1 
29.5 
32.4 
35.6 
39.0 
43.0 
47.2 
52.0 
57.1 
62.4 
70.2 
78.6 
89.3 
101.0 
112.7 
Private households 
10 
4.0 
4.0 
4.2 
4.4 
4.4 
4.5 
4.6 
4.6 
4.8 
4.6 
4.6 
5.4 
5.9 
6.2 
6.5 
6.6 
7.0 
7.6 
Nonprofit institutions 
11 
15.3 
17.2 
19.2 
21.7 
25.0 
27.9 
31.1 
34.3 
38.2 
42.6 
47.4 
51.7 
56.5 
64.0 
72.2 
82.7 
93.9 
105. L 
jover nment 
12 
69.3 
78.4 
87.4 
97.8 
107.5 
119.5 
130.3 
142.6 
155.0 
168.7 
187.7 
203.8 
220.5 
240.5 
260.4 
288.3 
316.7 
343.9 
Federal 
13 
30.0 
34.3 
37.8 
41.9 
44.9 
48.4 
51.1 
54.9 
57.1 
61.1 
66.5 
70.9 
75.5 
81.7 
86.9 
96.1 
107.4 
117.0 
State and local 
14 
39.3 
44.1 
49.5 
55.9 
62.6 
71.1 
79.3 
87.7 
97.9 
107.6 
121.1 
132.9 
145.0 
158.9 
173.5 
192.2 
209.3 
226.9 
;st of the world 
15 
5.8 
5.6 
6.0 
6.8 
6.8 
7.3 
9.3 
11.2 
16.2 
19.5 
17.5 
21.1 
25.4 
30.5 
43.8 
47.6 
52.1 
51.2 
hdendum: 
Gross domestic business product less housing.. 
16 
555.2 
607.6 
636.6 
695.0 
747.6 
778.5 
842.8 
928.1 
1,045.3 
1,128.7 
1,224.3 
1,372.7 
1,539.5 
1,748.0 
1,945.7 
2,102.8 
2,349.6 
2,404.2
	        
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