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June 2010 Tealbook Book A Tables and Charts


Greensheets

Changes in GDP, Prices, and Unemployment

(Percent, annual rate except as noted)
Interval Nominal GDP Real GDP PCE price index Core PCE price index Unemployment rate1
04/21/10 06/16/10 04/21/10 06/16/10 04/21/10 06/16/10 04/21/10 06/16/10 04/21/10 06/16/10
Quarterly
2009: Q1 -4.6 -4.6 -6.4 -6.4 -1.5 -1.5 1.1 1.1 8.2 8.2
Q2 -.8 -.8 -.7 -.7 1.4 1.4 2.0 2.0 9.3 9.3
Q3 2.6 2.6 2.2 2.2 2.6 2.6 1.2 1.2 9.7 9.7
Q4 6.1 6.1 5.6 5.6 2.5 2.5 1.8 1.8 10.0 10.0
2010: Q1 4.0 4.2 2.9 3.1 1.5 1.5 .5 .6 9.7 9.7
Q2 4.6 4.8 3.5 3.6 .7 -.2 .9 .9 9.5 9.8
Q3 5.0 3.4 3.6 2.7 1.7 .9 1.0 .8 9.5 9.7
Q4 4.9 4.3 3.8 3.2 1.3 1.5 1.0 .8 9.3 9.5
2011: Q1 5.1 4.2 4.0 3.3 1.1 1.1 1.0 .8 8.9 9.3
Q2 5.2 4.3 4.3 3.5 1.0 1.0 .9 .8 8.7 9.1
Q3 5.5 4.6 4.6 3.8 1.0 1.0 .9 .8 8.5 8.9
Q4 5.6 4.8 4.7 4.1 1.0 .9 .9 .8 8.2 8.6
Two-quarter2
2009: Q2 -2.7 -2.7 -3.6 -3.6 -.1 -.1 1.6 1.6 2.4 2.4
Q4 4.3 4.3 3.9 3.9 2.5 2.5 1.5 1.5 .7 .7
2010: Q2 4.3 4.5 3.2 3.4 1.1 .7 .7 .8 -.5 -.2
Q4 4.9 3.8 3.7 3.0 1.5 1.2 1.0 .8 -.2 -.3
2011: Q2 5.1 4.3 4.1 3.4 1.1 1.1 1.0 .8 -.6 -.4
Q4 5.6 4.7 4.7 3.9 1.0 .9 .9 .8 -.5 -.5
Four-quarter3
2008:Q4 .1 .1 -1.9 -1.9 1.7 1.7 2.0 2.0 2.1 2.1
2009:Q4 .7 .7 .1 .1 1.2 1.2 1.5 1.5 3.1 3.1
2010:Q4 4.6 4.2 3.5 3.2 1.3 .9 .9 .8 -.7 -.5
2011:Q4 5.3 4.5 4.4 3.7 1.0 1.0 .9 .8 -1.1 -.9
Annual
2008 2.6 2.6 .4 .4 3.3 3.3 2.4 2.4 5.8 5.8
2009 -1.3 -1.3 -2.4 -2.4 .2 .2 1.5 1.5 9.3 9.3
2010 4.2 4.1 3.3 3.3 1.7 1.4 1.1 1.1 9.5 9.7
2011 5.1 4.3 4.1 3.4 1.1 1.0 1.0 .8 8.6 9.0

1. Level, except for two-quarter and four-quarter intervals.  Return to table

2. Percent change from two quarters earlier; for unemployment rate, change is in percentage points.  Return to table

3. Percent change from four quarters earlier; for unemployment rate, change is in percentage points.  Return to table


Changes in Real Gross Domestic Product and Related Items

(Percent, annual rate except as noted)
Item 2009 2010 2011 2009 1 2010 1 2011 1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Real GDP -6.4 -.7 2.2 5.6 3.1 3.6 2.7 3.2 3.3 3.5 3.8 4.1 .1 3.2 3.7
Previous Tealbook -6.4 -.7 2.2 5.6 2.9 3.5 3.6 3.8 4.0 4.3 4.6 4.7 .1 3.5 4.4
Final sales -4.1 .7 1.5 1.7 1.2 3.9 2.2 3.0 3.1 3.4 3.3 3.7 -.1 2.6 3.4
Previous Tealbook -4.1 .7 1.5 1.7 2.2 3.7 2.8 3.4 3.6 4.1 4.1 4.5 -.1 3.0 4.1
Priv. dom. final purch. -7.2 -2.7 2.2 2.1 3.0 4.5 2.5 3.4 3.8 4.1 4.2 4.2 -1.5 3.3 4.1
Previous Tealbook -7.2 -2.7 2.2 2.1 3.4 3.6 3.2 3.9 4.3 4.7 4.9 5.1 -1.5 3.5 4.8
Personal cons. expend. .6 -.9 2.8 1.6 3.4 2.9 2.2 2.3 2.9 3.1 3.2 3.3 1.0 2.7 3.1
Previous Tealbook .6 -.9 2.8 1.6 3.6 2.1 2.7 2.8 3.2 3.5 3.7 3.9 1.0 2.8 3.5
Durables 3.9 -5.6 20.4 .4 12.1 15.4 6.8 7.1 8.7 11.1 11.2 11.8 4.4 10.3 10.7
Nondurables 1.9 -1.9 1.5 4.0 3.9 1.7 1.6 2.1 3.1 3.2 3.3 3.5 1.3 2.3 3.3
Services -.3 .2 .8 1.0 2.0 1.4 1.7 1.7 1.9 1.9 1.9 1.9 .4 1.7 1.9
Residential investment -38.2 -23.3 18.9 3.8 -10.6 18.7 -5.5 16.4 15.9 17.3 17.3 17.8 -12.5 3.9 17.1
Previous Tealbook -38.2 -23.3 18.9 3.8 -15.7 22.3 -2.1 8.6 12.3 21.6 23.3 22.5 -12.5 2.3 19.8
Business fixed invest. -39.2 -9.6 -5.9 5.3 3.7 13.5 6.5 8.5 7.6 8.0 7.9 7.3 -14.1 8.0 7.7
Previous Tealbook -39.2 -9.6 -5.9 5.3 7.6 10.9 8.6 10.9 10.5 9.3 9.6 9.4 -14.1 9.5 9.7
Equipment & software -36.4 -4.9 1.5 19.0 13.5 20.3 10.4 12.2 10.7 11.3 11.1 10.1 -7.5 14.0 10.8
Previous Tealbook -36.4 -4.9 1.5 19.0 17.0 15.8 12.5 15.3 14.2 13.3 12.8 12.5 -7.5 15.2 13.2
Nonres. structures -43.6 -17.3 -18.4 -18.0 -15.2 -.8 -2.2 -.2 -.1 -.2 -.3 -.2 -25.3 -4.8 -.2
Previous Tealbook -43.6 -17.3 -18.4 -18.0 -10.6 .4 -.2 .8 1.8 -.5 1.5 1.4 -25.3 -2.5 1.1
Net exports2 -386 -330 -357 -348 -374 -380 -390 -387 -393 -399 -409 -407 -356 -383 -402
Previous Tealbook2 -386 -330 -357 -348 -352 -348 -356 -355 -356 -353 -357 -353 -356 -353 -355
Exports -29.9 -4.1 17.8 22.8 11.2 8.2 7.6 7.7 7.3 7.2 7.4 7.6 -.7 8.7 7.4
Imports -36.4 -14.7 21.3 15.8 15.0 8.1 8.1 5.7 7.2 6.9 8.1 5.7 -6.6 9.2 6.9
Gov't. cons. & invest. -2.6 6.7 2.6 -1.3 -1.9 2.4 2.1 .6 .7 .9 .9 .9 1.3 .8 .9
Previous Tealbook -2.6 6.7 2.6 -1.3 -2.2 3.0 1.9 .7 .7 .8 .8 .7 1.3 .8 .7
Federal -4.3 11.4 8.0 .0 1.2 6.9 5.2 .8 1.2 1.5 1.3 1.5 3.6 3.5 1.4
Defense -5.1 14.0 8.4 -3.6 1.1 5.6 7.7 1.1 .2 .5 .4 .7 3.1 3.8 .4
Nondefense -2.5 6.1 7.0 8.3 1.5 9.8 .1 .1 3.3 3.6 3.5 3.4 4.6 2.8 3.4
State & local -1.5 3.9 -.6 -2.2 -3.9 -.6 .0 .4 .4 .5 .5 .5 -.1 -1.0 .5
Change in bus. inventories2 -114 -160 -139 -20 41 31 48 54 61 65 81 94 -108 43 75
Previous Tealbook2 -114 -160 -139 -20 2 -4 22 37 50 55 74 82 -108 14 65
Nonfarm2 -115 -163 -141 -14 44 30 45 51 58 62 78 91 -108 43 72
Farm2 0 2 2 -6 -3 1 3 3 3 3 3 3 -0 1 3

1. Change from fourth quarter of previous year to fourth quarter of year indicated.  Return to table

2. Billions of chained (2005) dollars.  Return to table


Changes in Real Gross Domestic Product and Related Items

(Change from fourth quarter of previous year to fourth quarter of year indicated, unless otherwise noted)
Item 2003 2004 2005 2006 2007 2008 2009 2010 2011
Real GDP 3.8 3.1 2.7 2.4 2.5 -1.9 .1 3.2 3.7
Previous Tealbook 3.8 3.1 2.7 2.4 2.5 -1.9 .1 3.5 4.4
Final sales 3.8 2.8 2.7 2.8 2.7 -1.4 -.1 2.6 3.4
Previous Tealbook 3.8 2.8 2.7 2.8 2.7 -1.4 -.1 3.0 4.1
Priv. dom. final purch. 4.2 4.2 3.1 2.5 1.4 -3.2 -1.5 3.3 4.1
Previous Tealbook 4.2 4.2 3.1 2.5 1.4 -3.2 -1.5 3.5 4.8
Personal cons. expend. 3.4 3.5 2.7 3.3 2.0 -1.8 1.0 2.7 3.1
Previous Tealbook 3.4 3.5 2.7 3.3 2.0 -1.8 1.0 2.8 3.5
Durables 8.9 5.5 2.1 6.3 4.6 -11.8 4.4 10.3 10.7
Nondurables 3.9 3.0 3.3 3.2 1.5 -2.9 1.3 2.3 3.3
Services 2.2 3.4 2.6 2.8 1.7 .3 .4 1.7 1.9
Residential investment 11.5 6.6 5.3 -15.7 -20.5 -21.0 -12.5 3.9 17.1
Previous Tealbook 11.5 6.6 5.3 -15.7 -20.5 -21.0 -12.5 2.3 19.8
Business fixed invest. 5.9 7.0 4.4 7.8 7.9 -6.0 -14.1 8.0 7.7
Previous Tealbook 5.9 7.0 4.4 7.8 7.9 -6.0 -14.1 9.5 9.7
Equipment & software 7.5 8.8 6.1 6.0 3.2 -10.7 -7.5 14.0 10.8
Previous Tealbook 7.5 8.8 6.1 6.0 3.2 -10.7 -7.5 15.2 13.2
Nonres. structures 1.3 1.7 -.1 13.0 18.9 3.2 -25.3 -4.8 -.2
Previous Tealbook 1.3 1.7 -.1 13.0 18.9 3.2 -25.3 -2.5 1.1
Net exports1 -604 -688 -723 -729 -648 -494 -356 -383 -402
Previous Tealbook1 -604 -688 -723 -729 -648 -494 -356 -353 -355
Exports 6.2 7.1 6.7 10.2 10.2 -3.4 -.7 8.7 7.4
Imports 5.1 10.9 5.2 4.1 .9 -6.8 -6.6 9.2 6.9
Gov't. cons. & invest. 1.6 .6 .7 1.5 2.5 3.0 1.3 .8 .9
Previous Tealbook 1.6 .6 .7 1.5 2.5 3.0 1.3 .8 .7
Federal 5.7 2.3 1.2 2.2 3.4 8.9 3.6 3.5 1.4
Defense 8.4 2.4 .4 4.4 2.6 9.5 3.1 3.8 .4
Nondefense .7 2.3 2.6 -2.3 5.2 7.5 4.6 2.8 3.4
State & local -.5 -.4 .4 1.2 1.9 -.3 -.1 -1.0 .5
Change in bus. inventories1 17 66 50 59 19 -26 -108 43 75
Previous Tealbook1 17 66 50 59 19 -26 -108 14 65
Nonfarm1 17 58 50 63 20 -20 -108 43 72
Farm1 0 8 0 -4 -1 -5 -0 1 3

1. Billions of chained (2005) dollars.  Return to table


Contributions to Changes in Real Gross Domestic Product

(Percentage points, annual rate except as noted)
Item 2009 2010 2011 2009 1 2010 1 2011 1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Real GDP -6.4 -.7 2.2 5.6 3.1 3.6 2.7 3.2 3.3 3.5 3.8 4.1 .1 3.2 3.7
Previous Tealbook -6.4 -.7 2.2 5.6 2.9 3.5 3.6 3.8 4.0 4.3 4.6 4.7 .1 3.5 4.4
Final sales -4.1 .7 1.5 1.8 1.2 3.9 2.2 3.0 3.1 3.4 3.3 3.7 -.1 2.6 3.4
Previous Tealbook -4.1 .7 1.5 1.8 2.2 3.7 2.8 3.4 3.6 4.1 4.1 4.5 -.1 3.0 4.1
Priv. dom. final purch. -6.1 -2.3 1.8 1.8 2.5 3.7 2.1 2.8 3.1 3.4 3.4 3.5 -1.3 2.8 3.4
Previous Tealbook -6.1 -2.3 1.8 1.8 2.8 3.0 2.7 3.2 3.5 3.9 4.1 4.2 -1.3 2.9 3.9
Personal cons. expend. .4 -.6 2.0 1.2 2.4 2.0 1.6 1.6 2.1 2.2 2.2 2.3 .7 1.9 2.2
Previous Tealbook .4 -.6 2.0 1.2 2.5 1.5 1.9 2.0 2.2 2.5 2.6 2.7 .7 2.0 2.5
Durables .3 -.4 1.4 .0 .8 1.1 .5 .5 .6 .8 .8 .9 .3 .7 .8
Nondurables .3 -.3 .2 .6 .6 .3 .3 .3 .5 .5 .5 .5 .2 .4 .5
Services -.1 .1 .4 .5 1.0 .7 .8 .8 .9 .9 .9 .9 .2 .8 .9
Residential investment -1.3 -.7 .4 .1 -.3 .4 -.1 .4 .4 .4 .4 .5 -.4 .1 .4
Previous Tealbook -1.3 -.7 .4 .1 -.4 .5 -.1 .2 .3 .5 .6 .6 -.4 .1 .5
Business fixed invest. -5.3 -1.0 -.6 .5 .3 1.2 .6 .8 .7 .8 .8 .7 -1.6 .7 .7
Previous Tealbook -5.3 -1.0 -.6 .5 .7 1.0 .8 1.0 1.0 .9 .9 .9 -1.6 .9 .9
Equipment & software -3.0 -.3 .1 1.1 .8 1.2 .7 .8 .7 .8 .8 .7 -.5 .9 .7
Previous Tealbook -3.0 -.3 .1 1.1 1.0 1.0 .8 1.0 1.0 .9 .9 .9 -.5 1.0 .9
Nonres. structures -2.3 -.7 -.7 -.6 -.5 .0 -.1 .0 .0 .0 .0 .0 -1.1 -.1 .0
Previous Tealbook -2.3 -.7 -.7 -.6 -.3 .0 .0 .0 .1 .0 .0 .0 -1.1 -.1 .0
Net exports 2.6 1.7 -.8 .3 -.9 -.2 -.3 .1 -.2 -.2 -.3 .1 1.0 -.3 -.2
Previous Tealbook 2.6 1.7 -.8 .3 -.2 .1 -.3 .0 -.1 .1 -.2 .1 1.0 -.1 .0
Exports -4.0 -.5 1.8 2.4 1.3 1.0 .9 .9 .9 .9 .9 .9 -.1 1.0 .9
Imports 6.6 2.1 -2.6 -2.1 -2.1 -1.2 -1.2 -.9 -1.1 -1.1 -1.3 -.9 1.0 -1.3 -1.1
Gov't. cons. & invest. -.5 1.3 .6 -.3 -.4 .5 .4 .1 .2 .2 .2 .2 .3 .2 .2
Previous Tealbook -.5 1.3 .6 -.3 -.4 .6 .4 .1 .1 .2 .2 .2 .3 .2 .1
Federal -.3 .9 .6 .0 .1 .6 .4 .1 .1 .1 .1 .1 .3 .3 .1
Defense -.3 .7 .5 -.2 .1 .3 .4 .1 .0 .0 .0 .0 .2 .2 .0
Nondefense -.1 .2 .2 .2 .0 .2 .0 .0 .1 .1 .1 .1 .1 .1 .1
State & local -.2 .5 -.1 -.3 -.5 -.1 .0 .1 .1 .1 .1 .1 .0 -.1 .1
Change in bus. inventories -2.4 -1.4 .7 3.8 1.9 -.3 .6 .2 .2 .1 .5 .4 .1 .6 .3
Previous Tealbook -2.4 -1.4 .7 3.8 .7 -.2 .8 .5 .4 .2 .6 .3 .1 .5 .3
Nonfarm -2.4 -1.5 .7 4.0 1.8 -.5 .5 .2 .2 .1 .5 .4 .2 .5 .3
Farm .1 .1 .0 -.2 .1 .2 .1 .0 .0 .0 .0 .0 .0 .1 .0

1. Change from fourth quarter of previous year to fourth quarter of year indicated.  Return to table


Changes in Prices and Costs

(Percent, annual rate except as noted)
Item 2009 2010 2011 2009 1 2010 1 2011 1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
GDP chain-wt. price index 1.9 .0 .4 .5 1.0 1.1 .6 1.0 .9 .8 .8 .7 .7 1.0 .8
Previous Tealbook 1.9 .0 .4 .5 1.1 1.0 1.3 1.0 1.0 .9 .9 .8 .7 1.1 .9
PCE chain-wt. price index -1.5 1.4 2.6 2.5 1.5 -.2 .9 1.5 1.1 1.0 1.0 .9 1.2 .9 1.0
Previous Tealbook -1.5 1.4 2.6 2.5 1.5 .7 1.7 1.3 1.1 1.0 1.0 1.0 1.2 1.3 1.0
Energy -36.7 -2.0 40.6 19.9 16.1 -18.6 1.2 14.6 6.3 4.3 3.2 2.1 1.1 2.3 3.9
Previous Tealbook -36.7 -2.0 40.6 19.9 15.9 -3.7 12.5 6.8 3.5 2.7 1.8 1.7 1.1 7.6 2.4
Food -1.1 -3.6 -2.1 -.1 1.9 1.9 1.3 1.1 .7 .7 .7 .7 -1.7 1.5 .7
Previous Tealbook -1.1 -3.6 -2.1 -.1 1.9 2.0 1.7 1.1 .7 .7 .7 .7 -1.7 1.7 .7
Ex. food & energy 1.1 2.0 1.2 1.8 .6 .9 .8 .8 .8 .8 .8 .8 1.5 .8 .8
Previous Tealbook 1.1 2.0 1.2 1.8 .5 .9 1.0 1.0 1.0 .9 .9 .9 1.5 .9 .9
CPI -2.2 1.9 3.7 2.6 1.5 -1.0 .9 1.8 1.2 1.1 1.0 .9 1.5 .8 1.1
Previous Tealbook -2.2 1.9 3.7 2.6 1.5 .4 1.9 1.4 1.2 1.1 1.0 1.0 1.5 1.3 1.1
Ex. food & energy 1.6 2.3 1.5 1.5 .0 .6 .7 .7 .8 .8 .8 .8 1.7 .5 .8
Previous Tealbook 1.6 2.3 1.5 1.5 .0 .6 .9 .9 .9 .9 .9 .9 1.7 .6 .9
ECI, hourly compensation2 .7 1.1 1.5 1.5 2.6 1.8 1.9 1.9 2.2 2.0 2.0 2.0 1.2 2.0 2.0
Previous Tealbook2 .7 .7 1.8 1.5 2.2 2.1 2.1 2.1 2.2 2.1 2.1 2.1 1.2 2.1 2.1
Nonfarm business sector
Output per hour .9 7.6 7.8 6.3 2.9 .1 .7 .9 .7 .7 1.0 1.0 5.6 1.2 .9
Previous Tealbook .9 7.6 7.8 6.3 2.7 1.1 .8 .4 .4 .6 1.1 1.2 5.6 1.3 .8
Compensation per hour -4.2 7.7 -.4 -1.9 1.5 .7 2.3 2.3 3.1 2.2 2.0 2.0 .2 1.7 2.3
Previous Tealbook -4.2 7.7 -.4 .5 2.9 .9 2.4 2.4 3.3 2.4 2.2 2.2 .8 2.2 2.5
Unit labor costs -5.0 .1 -7.6 -7.7 -1.4 .6 1.5 1.4 2.4 1.5 1.0 1.0 -5.1 .5 1.5
Previous Tealbook -5.0 .1 -7.6 -5.5 .2 -.2 1.6 2.0 2.9 1.7 1.1 1.0 -4.6 .9 1.7
Core goods imports chain-wt. price index3 -9.4 -2.3 1.3 4.7 4.1 3.0 -.1 .0 1.1 1.4 1.8 1.8 -1.6 1.7 1.5
Previous Tealbook3 -9.4 -2.3 1.3 4.7 4.0 2.9 2.3 1.6 1.4 1.2 1.1 1.1 -1.6 2.7 1.2

1. Change from fourth quarter of previous year to fourth quarter of year indicated.  Return to table

2. Private-industry workers.  Return to table

3. Core goods imports exclude computers, semiconductors, oil, and natural gas.  Return to table


Changes in Prices and Costs

(Change from fourth quarter of previous year to fourth quarter of year indicated, unless otherwise noted)
Item 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDP chain-wt. price index 2.1 3.2 3.5 2.9 2.7 1.9 .7 1.0 .8
Previous Tealbook 2.1 3.2 3.5 2.9 2.7 1.9 .7 1.1 .9
PCE chain-wt. price index 1.9 3.0 3.3 1.9 3.6 1.7 1.2 .9 1.0
Previous Tealbook 1.9 3.0 3.3 1.9 3.6 1.7 1.2 1.3 1.0
Energy 8.6 18.6 21.5 -3.7 19.7 -9.1 1.1 2.3 3.9
Previous Tealbook 8.6 18.6 21.5 -3.7 19.7 -9.1 1.1 7.6 2.4
Food 3.2 2.7 1.5 1.7 4.7 6.8 -1.7 1.5 .7
Previous Tealbook 3.2 2.7 1.5 1.7 4.7 6.8 -1.7 1.7 .7
Ex. food & energy 1.5 2.2 2.3 2.3 2.5 2.0 1.5 .8 .8
Previous Tealbook 1.5 2.2 2.3 2.3 2.5 2.0 1.5 .9 .9
CPI 2.0 3.4 3.7 1.9 4.0 1.6 1.5 .8 1.1
Previous Tealbook 2.0 3.4 3.7 1.9 4.0 1.6 1.5 1.3 1.1
Ex. food & energy 1.2 2.2 2.1 2.7 2.3 2.0 1.7 .5 .8
Previous Tealbook 1.2 2.2 2.1 2.7 2.3 2.0 1.7 .6 .9
ECI, hourly compensation1 4.0 3.8 2.9 3.2 3.0 2.4 1.2 2.0 2.0
Previous Tealbook1 4.0 3.8 2.9 3.2 3.0 2.4 1.2 2.1 2.1
Nonfarm business sector
Output per hour 5.0 1.5 1.5 1.0 2.9 1.4 5.6 1.2 .9
Previous Tealbook 5.0 1.5 1.5 1.0 2.9 1.4 5.6 1.3 .8
Compensation per hour 5.7 3.4 3.6 4.5 3.6 3.1 .2 1.7 2.3
Previous Tealbook 5.7 3.4 3.6 4.5 3.6 3.1 .8 2.2 2.5
Unit labor costs .6 1.9 2.0 3.5 .7 1.7 -5.1 .5 1.5
Previous Tealbook .6 1.9 2.0 3.5 .7 1.7 -4.6 .9 1.7
Core goods imports chain-wt. price index2 1.6 3.6 2.2 2.5 3.5 3.8 -1.6 1.7 1.5
Previous Tealbook2 1.6 3.6 2.2 2.5 3.5 3.8 -1.6 2.7 1.2

1. Private-industry workers.  Return to table

2. Core goods imports exclude computers, semiconductors, oil and natural gas.  Return to table


Other Macroeconomic Indicators

Item 2009 2010 2011 2009 1 2010 1 2011 1
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Employment and production
Nonfarm payroll employment2 -2.2 -1.7 -1.0 -.4 .1 .7 .3 .6 .8 .8 .9 1.0 -5.4 1.6 3.4
Unemployment rate3 8.2 9.3 9.7 10.0 9.7 9.8 9.7 9.5 9.3 9.1 8.9 8.6 10.0 9.5 8.6
Previous Tealbook3 8.2 9.3 9.7 10.0 9.7 9.5 9.5 9.3 8.9 8.7 8.5 8.2 10.0 9.3 8.2
NAIRU3 5.1 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2
Previous Tealbook3 5.1 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2 5.2
GDP gap4 -7.0 -7.8 -7.9 -7.3 -7.1 -6.8 -6.7 -6.5 -6.3 -6.1 -5.8 -5.4 -7.3 -6.5 -5.4
Previous Tealbook4 -7.1 -7.8 -8.0 -7.3 -7.2 -6.9 -6.6 -6.3 -5.9 -5.5 -5.0 -4.5 -7.3 -6.3 -4.5
  
Industrial production5 -19.0 -10.4 6.4 6.9 7.6 7.5 6.0 4.6 4.8 4.7 5.2 4.4 -4.7 6.4 4.8
Previous Tealbook5 -19.0 -10.4 6.4 6.9 7.8 4.6 5.3 5.9 6.1 5.0 5.9 5.7 -4.7 5.9 5.7
Manufacturing industr. prod.5 -22.0 -8.8 8.4 5.6 6.3 9.9 6.8 5.3 4.9 5.5 5.8 4.9 -5.0 7.1 5.3
Previous Tealbook5 -22.0 -8.8 8.4 5.6 6.6 6.4 4.9 6.6 7.1 6.0 6.8 6.5 -5.0 6.1 6.6
Capacity utilization rate - mfg.3 66.7 65.4 67.0 68.2 69.5 71.3 72.6 73.7 74.6 75.6 76.7 77.6 68.2 73.7 77.6
Previous Tealbook3 66.7 65.4 67.0 68.2 69.5 70.8 71.8 73.1 74.3 75.4 76.6 77.8 68.2 73.1 77.8
  
Housing starts6 .5 .5 .6 .6 .6 .6 .7 .8 .9 .9 1.0 1.1 .6 .7 1.0
Light motor vehicle sales6 9.5 9.6 11.5 10.8 11.0 11.5 11.9 12.3 12.7 13.4 13.9 14.5 10.3 11.7 13.6
Income and saving
Nominal GDP5 -4.6 -.8 2.6 6.1 4.2 4.8 3.4 4.3 4.2 4.3 4.6 4.8 .7 4.2 4.5
Real disposable pers. income5 .2 6.2 -3.6 .0 1.9 4.8 1.9 2.2 .8 4.5 4.1 3.9 .7 2.7 3.3
Previous Tealbook5 .2 6.2 -3.6 1.0 .5 2.3 3.3 3.4 1.2 3.9 4.4 4.7 .9 2.4 3.6
Personal saving rate3 3.7 5.4 3.9 3.7 3.4 3.9 3.8 3.8 3.4 3.7 3.9 4.1 3.7 3.8 4.1
Previous Tealbook3 3.7 5.4 3.9 3.9 3.3 3.3 3.5 3.7 3.2 3.3 3.5 3.7 3.9 3.7 3.7
  
Corporate profits7 22.8 15.6 50.7 36.0 17.5 9.6 .2 3.1 .4 2.7 3.7 4.0 30.6 7.4 2.7
Profit share of GNP3 8.3 8.6 9.5 10.1 10.4 10.5 10.4 10.4 10.3 10.3 10.2 10.2 10.1 10.4 10.2
  
Net federal saving8 -969 -1,269 -1,354 -1,314 -1,362 -1,358 -1,393 -1,399 -1,337 -1,323 -1,291 -1,283 -1,226 -1,378 -1,309
Net state & local saving8 -37 -25 -15 -1 15 16 59 67 83 58 14 18 -19 39 43
  
Gross national saving rate3 11.2 10.7 9.8 10.1 9.8 10.5 10.5 10.7 10.9 11.2 11.5 11.8 10.1 10.7 11.8
Net national saving rate3 -2.5 -2.7 -3.6 -3.0 -3.0 -2.3 -2.3 -2.1 -2.0 -1.7 -1.5 -1.2 -3.0 -2.1 -1.2

1. Change from fourth quarter of previous year to fourth quarter of year indicated, unless otherwise indicated.  Return to table

2. Change, millions.  Return to table

3. Percent, annual values are for the fourth quarter of the year indicated.  Return to table

4. Percent difference between actual and potential GDP; a negative number indicates that the economy is operating below potential. Annual values are for the fourth quarter of the year indicated.  Return to table

5. Percent change, annual rate.  Return to table

6. Level, millions, annual values are annual averages.  Return to table

7. Percent change, annual rate, with inventory valuation and capital consumption adjustments.  Return to table

8. Billions of dollars, annual values are annual averages.  Return to table


Other Macroeconomic Indicators

(Change from fourth quarter of previous year to fourth quarter of year indicated, unless otherwise noted)
Item 2003 2004 2005 2006 2007 2008 2009 2010 2011
Employment and production
Nonfarm payroll employment1 -.1 2.0 2.4 2.1 1.2 -2.8 -5.4 1.6 3.4
Unemployment rate2 5.8 5.4 5.0 4.5 4.8 6.9 10.0 9.5 8.6
Previous Tealbook2 5.8 5.4 5.0 4.5 4.8 6.9 10.0 9.3 8.2
NAIRU2 4.9 4.9 4.8 4.8 4.8 4.9 5.2 5.2 5.2
Previous Tealbook2 4.9 4.9 4.8 4.8 4.8 4.9 5.2 5.2 5.2
GDP gap3 -1.6 -.8 -.4 -.4 -.4 -4.8 -7.3 -6.5 -5.4
Previous Tealbook3 -1.7 -.8 -.4 -.4 -.4 -4.9 -7.3 -6.3 -4.5
  
Industrial production4 1.6 3.0 2.6 1.8 1.8 -6.7 -4.7 6.4 4.8
Previous Tealbook4 1.6 3.0 2.6 1.8 1.8 -6.7 -4.7 5.9 5.7
Manufacturing industr. prod.4 1.8 3.6 3.8 1.2 1.9 -8.7 -5.0 7.1 5.3
Previous Tealbook4 1.8 3.6 3.8 1.2 1.9 -8.7 -5.0 6.1 6.6
Capacity utilization rate - mfg.2 74.6 77.3 79.2 79.0 78.7 70.9 68.2 73.7 77.6
Previous Tealbook2 74.6 77.3 79.2 79.0 78.7 70.9 68.2 73.1 77.8
  
Housing starts5 1.8 2.0 2.1 1.8 1.4 .9 .6 .7 1.0
Light motor vehicle sales5 16.6 16.8 16.9 16.5 16.1 13.1 10.3 11.7 13.6
Income and saving
Nominal GDP4 6.0 6.4 6.3 5.4 5.3 .1 .7 4.2 4.5
Real disposable pers. income4 3.9 3.5 .6 4.6 1.0 .3 .7 2.7 3.3
Previous Tealbook4 3.9 3.5 .6 4.6 1.0 .3 .9 2.4 3.6
Personal saving rate2 3.6 3.6 1.5 2.5 1.5 3.8 3.7 3.8 4.1
Previous Tealbook2 3.6 3.6 1.5 2.5 1.5 3.8 3.9 3.7 3.7
  
Corporate profits6 12.2 21.9 19.6 3.7 -5.7 -25.1 30.6 7.4 2.7
Profit share of GNP2 9.1 10.5 11.8 11.6 10.3 7.8 10.1 10.4 10.2
  
Net federal saving7 -376 -379 -283 -204 -236 -643 -1226 -1378 -1309
Net state & local saving7 -39 -8 26 51 22 -40 -19 39 43
  
Gross national saving rate2 14.3 14.3 15.5 16.3 13.8 12.2 10.1 10.7 11.8
Net national saving rate2 2.5 2.7 3.5 4.2 1.6 -.7 -3.0 -2.1 -1.2

1. Change, millions.  Return to table

2. Percent, values are for the fourth quarter of the year indicated.  Return to table

3. Percent difference between actual and potential GDP; a negative number indicates that the economy is operating below potential. Values are for the fourth quarter of the year indicated.  Return to table

4. Percent change.  Return to table

5. Level, millions, values are annual averages.  Return to table

6. Percent change, with inventory valuation and capital consumption adjustments.  Return to table

7. Billions of dollars, values are annual averages.  Return to table


Staff Projections of Federal Sector Accounts and Related Items

(Billions of dollars except as noted)
Item Fiscal year 2009 2010 2011
2008a 2009a 2010 2011 Q1a Q2a Q3a Q4a Q1a Q2 Q3 Q4 Q1 Q2 Q3 Q4
Unified budget Not seasonally adjusted
Receipts1 2524 2104 2114 2389 442 599 516 488 466 612 548 523 508 730 627 595
Outlays1 2983 3520 3495 3730 891 904 845 876 795 931 893 933 954 928 915 924
Surplus/deficit1 -458 -1416 -1381 -1341 -449 -305 -329 -388 -329 -318 -346 -410 -446 -198 -287 -329
Previous Tealbook -458 -1416 -1359 -1314 -449 -305 -329 -388 -329 -292 -349 -412 -439 -182 -280 -323
On-budget -642 -1553 -1465 -1431 -468 -382 -318 -394 -359 -382 -330 -450 -441 -265 -275 -375
Off-budget 183 137 84 91 19 77 -11 6 30 64 -16 40 -5 67 -12 46
Means of financing
Borrowing 768 1743 1475 1399 465 338 379 261 478 346 389 482 391 223 302 319
Cash decrease -296 96 5 20 98 -49 43 82 -25 -61 10 -10 60 -20 -10 15
Other2 -13 -424 -100 -78 -114 16 -92 45 -124 33 -54 -63 -5 -5 -5 -5
Cash operating balance, end of period 372 275 270 250 269 318 275 194 219 280 270 280 220 240 250 235
NIPA federal sector Seasonally adjusted annual rates
Receipts 2534 2281 2303 2495 2251 2237 2189 2223 2291 2338 2359 2383 2500 2532 2568 2604
Expenditures 3074 3348 3660 3833 3220 3506 3542 3537 3654 3696 3752 3782 3837 3855 3859 3887
Consumption expenditures 914 972 1036 1085 954 979 1001 1011 1027 1045 1061 1066 1082 1091 1099 1108
Defense 620 658 699 731 643 663 679 682 692 703 717 722 730 734 737 741
Nondefense 294 314 337 354 311 316 322 329 334 342 343 345 352 357 362 366
Other spending 2160 2375 2624 2748 2266 2527 2541 2526 2627 2650 2692 2716 2754 2764 2760 2779
Current account surplus -540 -1066 -1357 -1338 -969 -1269 -1354 -1314 -1362 -1358 -1393 -1399 -1337 -1323 -1291 -1283
Gross investment 141 158 162 166 152 159 163 159 160 162 166 167 166 166 166 166
Gross saving less gross investment3 -563 -1101 -1385 -1359 -999 -1304 -1391 -1343 -1390 -1385 -1422 -1426 -1360 -1344 -1308 -1296
Fiscal indicators4
High-employment (HEB) surplus/deficit -497 -763 -975 -992 -683 -912 -968 -916 -976 -982 -1027 -1039 -985 -980 -962 -970
Change in HEB, percent of potential GDP 1.9 1.6 1.2 -0.1 1.2 1.5 0.3 -0.4 0.3 -0.0 0.2 0.0 -0.4 -0.1 -0.2 0.0
Fiscal impetus (FI), percent of GDP 0.8 1.0 0.8 -0.1 0.0 0.7 0.3 0.1 0.1 0.2 0.2 0.1 -0.2 -0.0 -0.1 -0.2
Previous Tealbook 0.8 1.0 0.9 -0.0 0.0 0.7 0.3 0.1 0.1 0.3 0.2 0.1 -0.2 -0.0 -0.1 -0.2

1. Budget receipts, outlays, and surplus/deficit include corresponding social security (OASDI) categories. The OASDI surplus and the Postal Service surplus are excluded from the on-budget surplus and shown separately as off-budget, as classified under current law.  Return to table

2. Other means of financing are checks issued less checks paid, accrued items, and changes in other financial assets and liabilities.  Return to table

3. Gross saving is the current account surplus plus consumption of fixed capital of the general government as well as government enterprises.  Return to table

4. HEB is gross saving less gross investment (NIPA) of the federal government in current dollars, with cyclically sensitive receipts and outlays adjusted to the staff's measure of potential output and the NAIRU. Quarterly figures for change in HEB and FI are not at annual rates. The sign on Change in HEB, as a percent of nominal potential GDP, is reversed. FI is the weighted difference of discretionary changes in federal spending and taxes in chained (2005) dollars, scaled by real GDP. The annual FI estimates are on a calendar year basis. Also, for FI and the change in HEB, positive values indicate aggregate demand stimulus.  Return to table

a--Actual  Return to table


Change in Debt of the Domestic Nonfinancial Sectors

(Percent)
Period1 Total Households Business State and local
governments
Federal
government
Memo:
Nominal
GDP
Total Home
mortgages
Consumer
credit
Year
2004 8.8 11.0 13.4 5.6 6.2 7.3 9.0 6.4
2005 9.5 11.1 13.3 4.5 8.7 10.2 7.0 6.3
2006 9.0 10.1 11.2 4.1 10.6 8.3 3.9 5.4
2007 8.7 6.7 6.8 5.8 13.1 9.5 4.9 5.3
   
2008 6.0 .3 -.4 1.5 5.4 2.1 24.2 .1
2009 3.1 -1.7 -1.5 -4.4 -2.5 4.8 22.7 .7
2010 5.3 -1.0 -1.8 -.4 1.4 4.7 21.7 4.2
2011 5.1 1.8 .3 6.2 2.7 4.2 13.0 4.5
Quarter
2008: 1 5.7 3.3 2.8 4.6 8.0 3.8 8.1 1.0
2 3.3 .1 -.5 3.5 6.7 1.3 5.9 3.5
3 8.3 -.5 -2.4 .7 5.6 3.4 39.2 1.4
4 6.1 -1.8 -1.8 -2.7 1.1 .0 37.0 -5.4
2009: 1 3.8 -1.2 -.1 -3.9 -.7 4.7 22.6 -4.6
2 4.3 -1.6 -1.6 -4.8 -2.9 4.0 28.2 -.8
3 2.7 -2.5 -3.4 -3.1 -3.0 5.6 20.6 2.6
4 1.3 -1.6 -1.1 -6.2 -3.5 4.6 12.6 6.1
2010: 1 3.5 -2.4 -3.8 -1.6 -.0 4.3 18.5 4.2
2 5.7 -1.6 -2.0 -2.4 1.3 4.1 24.1 4.8
3 5.1 -.3 -1.0 .4 1.8 5.1 17.6 3.4
4 6.3 .4 -.5 2.0 2.3 5.0 20.4 4.3
2011: 1 4.4 1.0 -.3 4.0 2.3 4.3 11.6 4.2
2 5.6 1.4 .0 5.4 2.5 4.2 15.1 4.3
3 5.0 2.1 .5 6.8 2.8 4.2 11.6 4.6
4 5.2 2.7 1.0 7.8 3.0 3.7 11.4 4.8

Note. Quarterly data are at seasonally adjusted annual rates.

1. Data after 2009:Q4 are staff projections. Changes are measured from end of the preceding period to end of period indicated except for annual nominal GDP growth, which is calculated from Q4 to Q4.  Return to table

2.6.3 FOF


Flow of Funds Projections: Highlights

(Billions of dollars at seasonally adjusted annual rates except as noted)
Category 2008 2009 2010 2011 2009 2010 2011
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Domestic nonfinancial sectors
Net funds raised
Total 1562.5 966.1 1638.7 1697.4 992.4 141.3 1006.6 1822.6 1629.3 2096.3 1418.3 1872.2 1698.6 1800.7
Net equity issuance -336.0 -63.3 -186.9 -180.0 65.7 -312.2 -207.6 -180.0 -180.0 -180.0 -180.0 -180.0 -180.0 -180.0
Net debt issuance 1898.5 1029.4 1825.6 1877.4 926.7 453.6 1214.2 2002.6 1809.3 2276.3 1598.3 2052.2 1878.6 1980.7
Borrowing indicators
Debt (percent of GDP)1 226.2 239.4 239.9 242.3 241.7 239.4 238.5 238.6 239.8 240.8 241.4 241.9 242.4 242.6
Borrowing (percent of GDP) 13.1 7.2 12.3 12.1 6.5 3.1 8.3 13.6 12.1 15.1 10.5 13.3 12.1 12.6
Households
Net borrowing2 35.9 -240.9 -130.6 243.6 -349.1 -220.4 -330.0 -210.6 -36.5 54.9 132.0 195.0 282.7 364.6
Home mortgages -46.6 -162.6 -186.8 31.7 -359.6 -113.5 -389.8 -204.8 -101.9 -50.8 -25.4 0.0 50.7 101.5
Consumer credit 38.8 -115.3 -10.0 151.8 -79.5 -155.4 -39.3 -60.1 10.2 49.1 99.3 135.4 171.0 201.6
Debt/DPI (percent)3 127.9 125.7 120.4 116.5 125.3 123.9 122.3 120.5 119.4 118.3 117.9 116.7 115.8 115.1
Business
Financing gap4 232.4 -114.4 -50.0 10.0 -205.3 -59.6 -72.4 -65.6 -33.8 -28.3 -13.4 -3.8 19.8 37.6
Net equity issuance -336.0 -63.3 -186.9 -180.0 65.7 -312.2 -207.6 -180.0 -180.0 -180.0 -180.0 -180.0 -180.0 -180.0
Credit market borrowing 576.1 -281.9 149.9 295.9 -336.7 -389.3 -2.5 146.2 198.2 257.7 260.2 274.8 313.6 334.8
State and local governments
Net borrowing 47.3 108.2 110.5 102.7 127.6 107.5 100.7 97.7 121.7 121.7 105.7 105.7 105.7 93.7
Current surplus5 212.7 243.8 255.7 264.6 258.0 261.2 223.2 234.5 278.0 287.3 303.7 278.6 235.3 240.7
Federal government
Net borrowing 1239.2 1443.9 1696.0 1235.3 1484.9 955.8 1446.1 1969.3 1525.9 1841.9 1100.4 1476.7 1176.5 1187.5
Net borrowing (n.s.a.) 1239.2 1443.9 1696.0 1235.3 378.7 261.4 477.7 346.3 389.5 482.5 391.1 223.2 302.1 318.9
Unified deficit (n.s.a.) 680.5 1471.3 1402.6 1259.8 329.4 388.1 328.9 318.3 345.6 409.8 445.6 198.2 287.1 328.9
Depository institutions
Funds supplied 407.6 -639.9 40.5 234.6 -1001.3 -536.7 -583.1 457.2 133.1 154.7 237.8 196.7 261.1 242.8

Note. Data after 2009:Q4 are staff projections.

1. Average debt levels in the period (computed as the average of period-end debt positions) divided by nominal GDP.  Return to table

2. Includes change in liabilities not shown in home mortgages and consumer credit.  Return to table

3. Average debt levels in the period (computed as the average of period-end debt positions) divided by disposable personal income.  Return to table

4. For corporations, excess of capital expenditures over U.S. internal funds.  Return to table

5. NIPA state and local government saving plus consumption of fixed capital and net capital transfers.  Return to table

n.s.a. Not seasonally adjusted.  Return to table

2.6.4 FOF


Foreign Real GDP and Consumer Prices: Selected Countries

(Quarterly percent changes at an annual rate)
Measure and Country Projected
2009 2010 2011
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Real GDP1
Total Foreign -9.6 2.6 4.4 4.8 4.9 4.3 3.3 3.3 3.3 3.3 3.4 3.4
Previous Tealbook -9.3 2.4 4.2 4.7 4.5 3.7 3.7 3.8 3.8 3.8 3.8 3.8
Advanced Foreign Economies -8.7 -0.7 0.9 3.1 3.6 3.1 2.3 2.2 2.3 2.3 2.3 2.4
Canada -7.0 -2.8 0.9 4.9 6.1 4.1 3.3 3.3 3.3 3.3 3.2 3.2
Japan -15.8 6.9 0.4 4.6 5.0 3.8 1.9 1.9 1.8 1.8 1.7 1.7
United Kingdom -10.0 -2.7 -1.1 1.8 1.2 2.1 2.0 2.0 2.1 2.2 2.3 2.4
Euro Area -9.6 -0.4 1.6 0.5 0.8 1.9 1.1 0.9 1.0 1.1 1.2 1.4
Germany -13.4 1.8 2.9 0.7 0.6 2.9 1.7 1.4 1.5 1.7 1.9 2.0
Emerging Market Economies -10.6 6.9 8.8 6.9 6.5 5.7 4.5 4.7 4.6 4.6 4.7 4.7
Asia -2.7 13.7 10.2 7.2 13.5 6.5 4.7 5.8 5.7 5.7 5.8 5.8
Korea 1.0 9.8 13.4 0.7 8.8 4.5 4.1 4.0 4.0 4.1 4.1 4.2
China 7.1 15.5 10.8 10.1 11.3 9.5 9.1 8.8 8.5 8.5 8.5 8.5
Latin America -18.3 1.6 7.9 7.1 0.4 5.1 4.3 3.7 3.6 3.6 3.6 3.6
Mexico -24.5 1.2 10.1 7.9 -1.4 5.3 4.2 3.6 3.5 3.5 3.5 3.5
Brazil -5.9 6.0 9.0 9.3 11.4 6.0 4.8 4.2 4.0 4.0 4.0 4.0
Consumer Prices2
Total Foreign -0.7 1.0 1.5 3.1 3.4 2.0 1.8 2.0 2.1 2.2 2.1 2.1
Previous Tealbook -0.6 1.0 1.5 3.1 3.4 2.5 2.2 2.1 2.1 2.1 2.2 2.2
Advanced Foreign Economies -1.3 -0.2 0.2 2.1 2.1 1.1 0.5 1.0 1.3 1.4 1.2 1.2
Canada -1.0 0.1 0.6 3.7 2.3 1.9 1.4 1.6 1.8 2.1 2.0 2.0
Japan -3.0 -1.7 -2.1 -1.3 0.7 -1.4 -1.2 -0.9 -0.7 -0.7 -0.6 -0.6
United Kingdom 0.9 1.7 2.9 3.1 5.5 2.6 1.4 1.7 1.7 1.6 1.6 1.7
Euro Area -1.0 -0.1 0.5 2.3 1.8 1.3 0.1 1.2 1.6 1.6 1.1 1.2
Germany -0.5 -0.1 0.2 1.8 1.3 1.2 0.5 1.3 1.6 1.7 1.2 1.2
Emerging Market Economies -0.1 2.1 2.7 4.0 4.6 2.9 3.0 3.0 3.0 3.0 3.0 3.0
Asia -2.3 0.6 2.3 4.6 3.4 2.5 2.7 2.5 2.5 2.6 2.6 2.6
Korea 2.1 2.3 2.1 3.1 3.3 2.2 2.3 2.4 2.4 2.4 2.4 2.4
China -3.4 -0.0 1.3 4.6 3.0 3.0 2.6 2.3 2.3 2.4 2.5 2.5
Latin America 4.7 5.5 3.3 2.6 7.8 3.9 3.8 4.0 4.0 4.0 4.1 4.1
Mexico 4.7 5.8 3.3 2.0 7.9 2.9 3.4 3.7 3.7 3.7 3.7 3.7
Brazil 4.9 5.0 3.2 3.6 7.4 6.4 4.2 3.9 4.2 4.3 4.3 4.3

1. Foreign GDP aggregates calculated using shares of U.S. exports.  Return to table

2. Foreign CPI aggregates calculated using shares of U.S. non-oil imports.  Return to table


Foreign Real GDP and Consumer Prices: Selected Countries

(Percent change, Q4 to Q4)
Measure and Country 2003 2004 2005 2006 2007 2008 Projected
2009 2010 2011
Real GDP1
Total Foreign 2.9 3.8 4.1 3.9 4.2 -0.8 0.4 3.9 3.3
Previous Tealbook 2.8 3.8 4.1 3.9 4.2 -0.9 0.3 3.9 3.8
Advanced Foreign Economies 1.8 2.6 2.8 2.5 2.4 -1.7 -1.5 2.8 2.3
Canada 1.5 3.7 3.1 1.9 2.5 -0.9 -1.1 4.2 3.2
Japan 2.4 1.1 2.9 2.1 1.8 -4.2 -1.4 3.2 1.7
United Kingdom 3.2 2.4 2.4 2.8 2.4 -2.1 -3.1 1.8 2.2
Euro Area 1.2 1.8 2.1 3.4 2.2 -2.0 -2.1 1.2 1.2
Germany 0.1 0.2 1.6 4.3 1.6 -1.8 -2.2 1.7 1.8
Emerging Market Economies 4.5 5.6 5.9 5.8 6.5 0.3 2.7 5.3 4.6
Asia 7.0 6.0 7.7 7.2 8.3 0.8 6.9 7.6 5.7
Korea 3.6 2.7 5.2 4.6 5.7 -3.2 6.1 5.3 4.1
China 10.3 9.9 10.3 10.9 12.4 7.0 10.8 9.7 8.5
Latin America 1.7 5.1 4.0 4.5 4.6 -0.4 -1.0 3.3 3.6
Mexico 1.2 4.6 3.5 3.8 3.8 -1.2 -2.4 2.9 3.5
Brazil 0.8 5.1 3.5 4.8 6.8 0.9 4.4 6.6 4.0
Consumer Prices2
Total Foreign 2.1 2.8 2.3 2.1 3.7 3.4 1.2 2.3 2.2
Previous Tealbook 2.1 2.8 2.3 2.1 3.7 3.4 1.2 2.5 2.1
Advanced Foreign Economies 1.3 1.8 1.6 1.4 2.2 2.0 0.2 1.2 1.3
Canada 1.7 2.3 2.3 1.4 2.5 1.9 0.8 1.8 2.0
Japan -0.3 0.5 -1.0 0.3 0.6 1.0 -2.0 -0.7 -0.6
United Kingdom 1.3 1.4 2.1 2.7 2.1 3.9 2.1 2.8 1.7
Euro Area 2.0 2.3 2.3 1.8 2.9 2.3 0.4 1.1 1.4
Germany 1.1 2.1 2.2 1.3 3.1 1.7 0.3 1.1 1.4
Emerging Market Economies 3.1 3.9 3.0 2.9 5.1 4.6 2.2 3.4 3.0
Asia 2.3 3.1 2.6 2.4 5.5 3.7 1.3 2.8 2.6
Korea 3.5 3.4 2.5 2.1 3.4 4.5 2.4 2.5 2.4
China 2.7 3.2 1.4 2.1 6.6 2.6 0.6 2.7 2.4
Latin America 4.9 5.6 3.7 4.1 4.2 6.6 4.0 4.9 4.0
Mexico 3.9 5.3 3.1 4.1 3.8 6.2 4.0 4.4 3.7
Brazil 11.5 7.2 6.1 3.2 4.3 6.2 4.2 5.5 4.3

1. Foreign GDP aggregates calculated using shares of U.S. exports.  Return to table

2. Foreign CPI aggregates calculated using shares of U.S. non-oil imports.  Return to table


U.S. Current Account

Quarterly Data
Projected
2009 2010 2011
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Billions of Dollars, s.a.a.r.
U.S. Current Account Balance -409.6 -388.4 -421.1 -445.4 -496.7 -457.0 -476.0 -476.1 -502.4 -497.6 -516.5 -513.8
Previous Tealbook -416.7 -391.0 -409.4 -462.4 -503.6 -476.5 -488.9 -487.3 -505.4 -486.5 -499.5 -500.8
Current Account as Percent of GDP -2.9 -2.7 -3.0 -3.1 -3.4 -3.1 -3.2 -3.2 -3.3 -3.2 -3.3 -3.3
Previous Tealbook -2.9 -2.8 -2.9 -3.2 -3.5 -3.2 -3.3 -3.2 -3.3 -3.1 -3.2 -3.1
Net Goods & Services -361.8 -321.8 -397.3 -418.8 -461.0 -426.2 -437.5 -440.4 -455.7 -466.6 -484.4 -487.2
Investment Income, Net 80.1 73.4 123.3 107.6 113.7 100.2 95.1 93.4 95.3 95.9 97.5 98.5
Direct, Net 204.5 190.6 227.1 205.1 212.2 203.0 199.8 200.6 205.0 211.4 218.2 225.5
Portfolio, Net -124.3 -117.2 -103.8 -97.5 -98.5 -102.8 -104.7 -107.2 -109.7 -115.4 -120.7 -127.0
Other Income and Transfers, Net -128.0 -140.0 -147.2 -134.2 -149.4 -131.0 -133.6 -129.2 -142.1 -127.0 -129.6 -125.2

Annual Data
2003 2004 2005 2006 2007 2008 Projected
2009 2010 2011
Billions of Dollars
U.S. Current Account Balance -520.7 -630.5 -747.6 -802.4 -727.3 -708.9 -416.1 -476.4 -507.6
Previous Tealbook -521.5 -631.1 -748.7 -803.5 -726.6 -706.1 -419.9 -489.1 -498.1
Current Account as Percent of GDP -4.7 -5.3 -5.9 -6.0 -5.2 -4.9 -2.9 -3.2 -3.3
Previous Tealbook -4.7 -5.3 -5.9 -6.0 -5.2 -4.9 -2.9 -3.3 -3.2
Net Goods & Services -494.2 -609.3 -714.2 -759.2 -702.1 -698.8 -374.9 -441.3 -473.5
Investment Income, Net 51.0 73.4 78.8 54.7 97.9 125.5 96.1 100.6 96.8
Direct, Net 112.7 150.9 173.2 174.0 236.7 249.9 206.8 203.9 215.0
Portfolio, Net -61.7 -77.5 -94.4 -119.4 -138.8 -124.3 -110.7 -103.3 -118.2
Other Income and Transfers, Net -77.5 -94.5 -112.2 -97.9 -123.1 -135.7 -137.3 -135.8 -130.9

Last update: January 29, 2016