Table 1.12. National Income by Type of Income

Quarterly

			Billions of Dollars
	Line	Name	Q1 2025	Q4 2024	Q1 2024
	line 1	National income	24,962.689	24,756.072	23,867.319
	line 2	Compensation of employees	15,475.986	15,274.177	14,823.738
	line 3	Wages and salaries	12,767.010	12,606.209	12,250.957
	line 4	Government	1,917.943	1,894.351	1,816.236
	line 5	Other	10,849.067	10,711.858	10,434.720
	line 6	Supplements to wages and salaries	2,708.976	2,667.968	2,572.782
	line 7	Employer contributions for employee pension and insurance funds	1,827.214	1,799.307	1,722.712
	line 8	Employer contributions for government social insurance	881.762	868.660	850.069
	line 9	Proprietors' income with IVA and CCAdj	2,053.213	2,035.507	1,972.137
	line 10	Farm	56.129	54.746	38.513
	line 11	Nonfarm	1,997.084	1,980.761	1,933.624
	line 12	Rental income of persons with CCAdj	1,091.751	1,072.237	1,046.118
	line 13	Corporate profits with IVA and CCAdj	3,916.395	4,006.964	3,684.751
	line 14	Taxes on corporate income	712.834	694.936	648.049
	line 15	Profits after tax with IVA and CCAdj	3,203.560	3,312.027	3,036.702
	line 16	Net dividends	2,029.920	1,993.642	1,995.760
	line 17	Undistributed profits with IVA and CCAdj	1,173.640	1,318.385	1,040.942
	line 18	Net interest and miscellaneous payments	216.576	188.701	228.284
	line 19	Taxes on production and imports	2,037.206	2,004.150	1,937.952
	line 20	Less: Subsidies	104.799	94.189	96.848
	line 21	Business current transfer payments (net)	313.379	308.186	311.668
	line 22	To persons (net)	148.014	135.505	131.525
	line 23	To government (net)	142.236	152.836	169.616
	line 24	To the rest of the world (net)	23.129	19.845	10.526
	line 25	Current surplus of government enterprises	-37.018	-39.661	-40.482
		Addenda for corporate cash flow:
	line 26	Net cash flow with IVA	3,782.309	3,954.284	3,551.083
	line 27	Undistributed profits with IVA and CCAdj	1,173.640	1,318.385	1,040.942
	line 28	Consumption of fixed capital	2,681.973	2,656.430	2,533.056
	line 29	Less: Capital transfers paid (net)	73.304	20.531	22.915
		Addenda:
	line 30	Proprietors' income with IVA and CCAdj	2,053.213	2,035.507	1,972.137
	line 31	Farm	56.129	54.746	38.513
	line 32	Proprietors' income with IVA	67.378	66.337	50.117
	line 33	Capital consumption adjustment	-11.249	-11.590	-11.604
	line 34	Nonfarm	1,997.084	1,980.761	1,933.624
	line 35	Proprietors' income (without IVA and CCAdj)	1,604.208	1,561.727	1,506.492
	line 36	Inventory valuation adjustment	-10.652	-6.408	-1.056
	line 37	Capital consumption adjustment	403.528	425.442	428.188
	line 38	Rental income of persons with CCAdj	1,091.751	1,072.237	1,046.118
	line 39	Rental income of persons (without CCAdj)	1,128.548	1,109.019	1,082.185
	line 40	Capital consumption adjustment	-36.797	-36.783	-36.067
	line 41	Corporate profits with IVA and CCAdj	3,916.395	4,006.964	3,684.751
	line 42	Corporate profits with IVA	4,270.417	4,285.443	3,945.878
	line 43	Profits before tax (without IVA and CCAdj)	4,315.385	4,326.319	3,962.994
	line 44	Taxes on corporate income	712.834	694.936	648.049
	line 45	Profits after tax (without IVA and CCAdj)	3,602.551	3,631.383	3,314.945
	line 46	Net dividends	2,029.920	1,993.642	1,995.760
	line 47	Undistributed profits (without IVA and CCAdj)	1,572.631	1,637.741	1,319.185
	line 48	Inventory valuation adjustment	-44.968	-40.876	-17.116
	line 49	Capital consumption adjustment	-354.023	-278.480	-261.127