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Monetary Policy Report submitted to the Congress on February 27, 2008, pursuant to section 2B of the Federal Reserve Act

Table for figure of Before-Tax Profits of Nonfinancial Corporations as a Percent of Sector GDP, 1979-2007
Percent
Period Before-tax profits as percent of sector GDP
1979:Q1 11.3197
1979:Q2 10.8000
1979:Q3 10.1607
1979:Q4 9.8025
1980:Q1 9.3469
1980:Q2 7.8186
1980:Q3 8.3158
1980:Q4 9.1519
1981:Q1 9.5857
1981:Q2 9.4324
1981:Q3 10.2591
1981:Q4 9.1373
1982:Q1 8.3692
1982:Q2 8.7584
1982:Q3 8.6430
1982:Q4 7.8584
1983:Q1 8.7806
1983:Q2 9.9052
1983:Q3 10.5114
1983:Q4 10.6281
1984:Q1 11.6447
1984:Q2 11.7247
1984:Q3 11.2248
1984:Q4 11.1807
1985:Q1 10.8544
1985:Q2 10.5107
1985:Q3 11.2026
1985:Q4 10.2276
1986:Q1 9.6922
1986:Q2 9.3796
1986:Q3 9.0829
1986:Q4 9.0679
1987:Q1 9.3218
1987:Q2 10.0450
1987:Q3 10.7255
1987:Q4 10.4853
1988:Q1 10.9826
1988:Q2 10.9362
1988:Q3 10.9147
1988:Q4 11.3468
1989:Q1 10.2028
1989:Q1 9.8770
1989:Q3 9.6798
1989:Q4 9.1143
1990:Q1 9.2298
1990:Q2 9.6185
1990:Q3 8.7834
1990:Q4 8.4458
1991:Q1 8.6089
1991:Q2 8.4916
1991:Q3 8.3763
1991:Q4 8.2748
1992:Q1 8.7023
1992:Q2 9.0096
1992:Q3 8.5013
1992:Q4 9.5235
1993:Q1 9.1581
1993:Q2 9.9468
1993:Q3 9.8651
1993:Q4 10.9157
1994:Q1 10.3911
1994:Q2 11.3479
1994:Q3 11.5658
1994:Q4 11.9846
1995:Q1 11.3270
1995:Q2 11.2968
1995:Q3 11.9980
1995:Q4 12.0109
1996:Q1 12.5862
1996:Q2 12.7069
1996:Q3 12.7084
1996:Q4 12.9165
1997:Q1 12.8845
1997:Q2 12.9256
1997:Q3 13.3702
1997:Q4 12.9189
1998:Q1 11.7932
1998:Q2 11.5468
1998:Q3 11.7851
1998:Q4 11.1433
1999:Q1 11.2163
1999:Q2 11.2425
1999:Q3 10.6166
1999:Q4 10.3750
2000:Q1 9.5838
2000:Q2 9.6441
2000:Q3 8.9046
2000:Q4 8.0321
2001:Q1 7.2280
2001:Q2 7.1350
2001:Q3 6.4616
2001:Q4 6.1576
2002:Q1 7.0120
2002:Q2 7.7173
2002:Q3 8.1830
2002:Q4 9.0272
2003:Q1 8.3284
2003:Q2 8.5398
2003:Q3 9.0758
2003:Q4 9.4401
2004:Q1 10.7869
2004:Q2 11.5274
2004:Q3 11.8620
2004:Q4 11.5713
2005:Q1 11.7220
2005:Q2 12.4010
2005:Q3 11.2154
2005:Q4 12.0762
2006:Q1 12.3638
2006:Q2 12.3115
2006:Q3 12.8569
2006:Q4 11.1707
2007:Q1 11.3777
2007:Q2 11.6225
2007:Q3 11.3333

Note: The data are quarterly and extend through 2007:Q3. Profits are from domestic operations of nonfinancial corporations, with inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.

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