Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income

Annual

	Line	Name	2024	Preceding Period	Year Ago from Period	Units
	line 1	Gross domestic product (GDP)	29,298.013 Billions of Dollars	27,811.517 Billions of Dollars	27,811.517 Billions of Dollars	Bil. of $
	line 2	Plus: Income receipts from the rest of the world	1,485.581 Billions of Dollars	1,397.888 Billions of Dollars	1,397.888 Billions of Dollars	Bil. of $
	line 3	Less: Income payments to the rest of the world	1,493.853 Billions of Dollars	1,312.228 Billions of Dollars	1,312.228 Billions of Dollars	Bil. of $
	line 4	Equals: Gross national product	29,289.740 Billions of Dollars	27,897.176 Billions of Dollars	27,897.176 Billions of Dollars	Bil. of $
	line 5	Less: Consumption of fixed capital	4,796.699 Billions of Dollars	4,570.723 Billions of Dollars	4,570.723 Billions of Dollars	Bil. of $
	line 6	Private	3,992.907 Billions of Dollars	3,800.377 Billions of Dollars	3,800.377 Billions of Dollars	Bil. of $
	line 7	Domestic business	3,114.619 Billions of Dollars	2,952.013 Billions of Dollars	2,952.013 Billions of Dollars	Bil. of $
	line 8	Capital consumption allowances	3,010.989 Billions of Dollars	2,936.603 Billions of Dollars	2,936.603 Billions of Dollars	Bil. of $
	line 9	Less: Capital consumption adjustment	-103.630 Billions of Dollars	-15.410 Billions of Dollars	-15.410 Billions of Dollars	Bil. of $
	line 10	Households and institutions	878.288 Billions of Dollars	848.365 Billions of Dollars	848.365 Billions of Dollars	Bil. of $
	line 11	Government	803.792 Billions of Dollars	770.345 Billions of Dollars	770.345 Billions of Dollars	Bil. of $
	line 12	General government	691.888 Billions of Dollars	662.844 Billions of Dollars	662.844 Billions of Dollars	Bil. of $
	line 13	Government enterprises	111.904 Billions of Dollars	107.501 Billions of Dollars	107.501 Billions of Dollars	Bil. of $
	line 14	Equals: Net national product	24,493.041 Billions of Dollars	23,326.454 Billions of Dollars	23,326.454 Billions of Dollars	Bil. of $
	line 15	Less: Statistical discrepancy	296.298 Billions of Dollars	325.854 Billions of Dollars	325.854 Billions of Dollars	Bil. of $
	line 16	Equals: National income	24,196.743 Billions of Dollars	23,000.599 Billions of Dollars	23,000.599 Billions of Dollars	Bil. of $
		Less:
	line 17	Corporate profits with inventory valuation and capital consumption adjustments	3,801.751 Billions of Dollars	3,617.326 Billions of Dollars	3,617.326 Billions of Dollars	Bil. of $
	line 18	Taxes on production and imports less subsidies	1,860.446 Billions of Dollars	1,758.761 Billions of Dollars	1,758.761 Billions of Dollars	Bil. of $
	line 19	Contributions for government social insurance, domestic	1,923.151 Billions of Dollars	1,800.648 Billions of Dollars	1,800.648 Billions of Dollars	Bil. of $
	line 20	Net interest and miscellaneous payments on assets	167.288 Billions of Dollars	280.948 Billions of Dollars	280.948 Billions of Dollars	Bil. of $
	line 21	Business current transfer payments (net)	286.430 Billions of Dollars	238.648 Billions of Dollars	238.648 Billions of Dollars	Bil. of $
	line 22	Current surplus of government enterprises	-47.460 Billions of Dollars	-46.918 Billions of Dollars	-46.918 Billions of Dollars	Bil. of $
	line 23	Plus: Personal income receipts on assets	4,145.344 Billions of Dollars	3,977.134 Billions of Dollars	3,977.134 Billions of Dollars	Bil. of $
	line 24	Plus: Personal current transfer receipts	4,555.419 Billions of Dollars	4,256.694 Billions of Dollars	4,256.694 Billions of Dollars	Bil. of $
	line 25	Equals: Personal income	24,905.900 Billions of Dollars	23,585.016 Billions of Dollars	23,585.016 Billions of Dollars	Bil. of $
		Addenda:
	line 26	Gross domestic income (GDI)	29,001.715 Billions of Dollars	27,485.663 Billions of Dollars	27,485.663 Billions of Dollars	Bil. of $
	line 27	Average of GDP and GDI	29,149.864 Billions of Dollars	27,648.590 Billions of Dollars	27,648.590 Billions of Dollars	Bil. of $
	line 28	Gross national income	28,993.443 Billions of Dollars	27,571.322 Billions of Dollars	27,571.322 Billions of Dollars	Bil. of $
	line 29	Gross national factor income	26,894.026 Billions of Dollars	25,620.832 Billions of Dollars	25,620.832 Billions of Dollars	Bil. of $
	line 30	Net domestic product	24,501.313 Billions of Dollars	23,240.794 Billions of Dollars	23,240.794 Billions of Dollars	Bil. of $
	line 31	Net domestic income	24,205.016 Billions of Dollars	22,914.940 Billions of Dollars	22,914.940 Billions of Dollars	Bil. of $
	line 32	Net national factor income	22,097.327 Billions of Dollars	21,050.109 Billions of Dollars	21,050.109 Billions of Dollars	Bil. of $
	line 33	Net domestic purchases	25,399.773 Billions of Dollars	24,027.290 Billions of Dollars	24,027.290 Billions of Dollars	Bil. of $
	line 34	Statistical discrepancy as a percentage of GDP	1.0 Percentage of GDP	1.2 Percentage of GDP	1.2 Percentage of GDP	Percentage of GDP