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Annual Tables:
S.8.a State and Local Governments

   
    1945    
 
 
    2018
Millions of Dollars
Line Name 2018 Preceding
Period
Year Ago
from Period
Current account
1
Gross value added
1,774,345 1,708,126 1,708,126
2
Less: Consumption of fixed capital
279,569 266,099 266,099
3
Equals: Net value added
1,494,776 1,442,027 1,442,027
4
Compensation of employees (paid)
1,498,743 1,445,459 1,445,459
5
Wages and salaries
1,045,165 1,003,857 1,003,857
6
Employers’ social contributions
453,578 441,602 441,602
7
Operating surplus, net
-3,967 -3,433 -3,433
8
Net national income/Balance of primary incomes, net
1,090,258 1,035,212 1,035,212
9
Operating surplus, net
-3,967 -3,433 -3,433
10
Taxes on production and imports, receivable
1,280,968 1,235,760 1,235,760
11
Subsidies (paid)
-577 -555 -555
12
Property income (received)
91,373 89,282 89,282
13
Interest
73,575 72,025 72,025
14
Distributed income of corporations (dividends)
6,099 5,900 5,900
15
Rents on land and natural resources
11,700 11,358 11,358
16
Less: Uses of property income (interest paid)
277,539 285,843 285,843
17
Net national income/Balance of primary incomes, net
1,090,258 1,035,212 1,035,212
18
Plus: Current taxes on income, wealth, etc. (received)
515,820 487,150 487,150
19
Plus: Social benefits (received)
22,202 20,762 20,762
20
Less: Social contributions (paid)
736,601 712,191 712,191
21
Plus: Other current transfers (received)
716,568 685,618 685,618
22
Less: Other current transfers (paid)
0 0 0
23
Equals: Disposable income, net
1,608,247 1,516,550 1,516,550
24
Less: Final consumption expenditures
1,847,409 1,764,628 1,764,628
25
Equals: Net saving
-239,162 -248,077 -248,077
Capital account
26
Net saving less capital transfers
-165,881 -175,874 -175,874
27
Net saving
-239,162 -248,077 -248,077
28
Less: Capital transfers paid (net)
-73,281 -72,204 -72,204
29
Capital formation, net
131,681 125,678 125,678
30
Gross fixed capital formation (acquisition of produced nonfinancial assets)
396,788 378,046 378,046
31
Less: Consumption of fixed capital
279,569 266,099 266,099
32
Acquisition of nonproduced nonfinancial assets
14,463 13,731 13,731
33
Net lending (+) or borrowing (-), capital account (lines 26-29)
-297,562 -301,551 -301,551
Financial account
34
Net lending (+) or borrowing (-) (line 33)
-297,562 -301,551 -301,551
35
Net acquisition of financial assets
-122,128 -29,228 -29,228
36
Currency and deposits
1,877 22,419 22,419
37
Currency and transferable deposits
-6,367 7,937 7,937
38
Time and savings deposits
8,244 14,482 14,482
39
Debt securities
-92,141 -47,636 -47,636
40
Open market paper
-5,505 -2,411 -2,411
41
Treasury securities
-39,288 -37,286 -37,286
42
Agency- and GSE-backed securities
-31,481 -986 -986
43
Municipal securities
-1,183 -519 -519
44
Corporate and foreign bonds
-14,684 -6,434 -6,434
45
Loans
-29,568 -12,691 -12,691
46
Short term
-11,605 -5,085 -5,085
47
Long term (mortgages)
-17,963 -7,606 -7,606
48
Equity and investment fund shares
-13,944 -4,889 -4,889
49
Money market fund shares
-2,090 306 306
50
Corporate equities
-7,824 -3,429 -3,429
51
Mutual fund shares
-4,030 -1,766 -1,766
52
Other accounts receivable
11,649 13,569 13,569
53
Trade receivables
15,387 10,741 10,741
54
Taxes receivable
9,329 7,459 7,459
55
Other (miscellaneous assets)
-13,067 -4,631 -4,631
56
Net incurrence of liabilities
146,446 254,286 254,286
57
Debt securities (municipals)
-52,501 -2,059 -2,059
58
Short term
3,038 4,789 4,789
59
Other
-55,539 -6,848 -6,848
60
Loans (short term)
1,081 441 441
61
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
149,787 210,630 210,630
62
Other accounts payable (trade payables)
48,079 45,274 45,274
Addendum:
63
Net lending (+) or borrowing (-), financial account (lines 35-56)
-268,573 -283,514 -283,514
Other changes in volume account
64
Total other volume changes
-46,532 -46,396 -46,396
65
Disaster losses
-159 -2,131 -2,131
66
Other volume changes
-75,362 -62,302 -62,302
67
Less: Statistical discrepancy (lines 33-63)
-28,989 -18,037 -18,037
Revaluation account
68
Nonfinancial assets
479,553 341,930 341,930
69
Structures
471,738 337,702 337,702
70
Equipment
5,143 2,213 2,213
71
Intellectual property products
2,672 2,015 2,015
72
Financial assets (equity and investment fund shares)
-25,779 55,528 55,528
73
Liabilities (claim of pension funds on sponsor)
218,429 -463,139 -463,139
74
Changes in net worth due to nominal holding gains/losses
235,346 860,597 860,597
Changes in balance sheet account
75
Change in net worth (lines 29+33+64+74)
22,933 638,327 638,327
Balance sheet account (end of period)
76
Total assets
14,551,161 14,102,774 14,102,774
77
Nonfinancial assets
11,553,938 10,957,407 10,957,407
78
Structures
11,150,087 10,570,039 10,570,039
79
Equipment
264,191 255,034 255,034
80
Intellectual property products
139,660 132,334 132,334
81
Financial assets
2,997,223 3,145,367 3,145,367
82
Currency and deposits
505,170 503,293 503,293
83
Currency and transferable deposits
103,973 110,340 110,340
84
Time and savings deposits
401,197 392,953 392,953
85
Debt securities
1,296,199 1,388,340 1,388,340
86
Open market paper
62,688 68,193 68,193
87
Treasury securities
642,316 681,604 681,604
88
Agency- and GSE-backed securities
410,486 441,967 441,967
89
Municipal securities
13,474 14,657 14,657
90
Corporate and foreign bonds
167,235 181,919 181,919
91
Loans
339,453 369,258 369,258
92
Short term
132,168 143,773 143,773
93
Long term (mortgages)
207,285 225,485 225,485
94
Equity and investment fund shares
349,347 389,070 389,070
95
Money market fund shares
19,778 21,868 21,868
96
Corporate equities
246,218 273,088 273,088
97
Mutual fund shares
83,351 94,114 94,114
98
Other accounts receivable
507,054 495,406 495,406
99
Trade receivables
227,414 212,027 212,027
100
Taxes receivable
161,794 152,466 152,466
101
Other (miscellaneous assets)
117,846 130,913 130,913
102
Total liabilities and net worth
14,551,161 14,102,774 14,102,774
103
Liabilities
8,515,039 8,089,585 8,089,585
104
Debt securities (municipals)
3,047,703 3,100,204 3,100,204
105
Short term
38,078 35,040 35,040
106
Other
3,009,625 3,065,164 3,065,164
107
Loans (short term)
19,325 18,244 18,244
108
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
4,446,178 4,017,383 4,017,383
109
Other accounts payable (trade payables)
1,001,833 953,754 953,754
110
Net worth
6,036,122 6,013,189 6,013,189
   

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