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    Q4 1946    

 

 

    Q4 2023

			Millions of Dollars
	Line	Name	Q4 2023	Q3 2023	Q4 2022
	line 1	National income	22,713,235	22,522,249	21,953,470
	line 2	Compensation of employees	14,528,934	14,368,722	13,674,981
	line 3	Wages and salaries	12,051,688	11,917,506	11,317,049
	line 4	Supplements to wages and salaries	2,477,246	2,451,216	2,357,932
	line 5	Proprietors' income with IVA and CCAdj	1,885,761	1,859,557	1,825,335
	line 6	Rental income of persons with CCAdj	988,076	974,397	907,468
	line 7	Corporate profits with IVA and CCAdj	3,272,528	3,280,744	3,248,385
	line 8	Corporate profits with IVA	3,617,488	3,620,141	3,498,833
	line 9	Profits before tax	3,647,488	3,600,621	3,398,385
	line 10	Domestic nonfinancial	2,545,487	2,531,589	2,333,652
	line 11	Domestic financial	550,213	546,131	564,796
	line 12	Rest of the world	551,788	522,901	499,937
		Less:
	line 13	Taxes on corporate income	558,000	582,816	548,301
	line 14	Domestic nonfinancial	415,117	441,272	417,799
	line 15	Domestic financial	142,883	141,544	130,502
		Equals:
	line 16	Profits after tax	3,089,488	3,017,805	2,850,084
	line 17	Net dividends	1,862,488	1,837,596	1,839,847
	line 18	Domestic nonfinancial	1,037,570	1,044,400	1,218,443
	line 19	Domestic financial	349,330	346,498	361,282
	line 20	Rest of the world	475,588	446,698	260,122
	line 21	Undistributed profits	1,227,000	1,180,209	1,010,237
	line 22	Domestic nonfinancial	1,092,800	1,045,917	697,410
	line 23	Domestic financial	58,000	58,089	73,012
	line 24	Rest of the world	76,200	76,203	239,815
	line 25	Inventory valuation adjustment (IVA)	-30,000	19,520	100,448
	line 26	Capital consumption adjustment (CCAdj)	-344,960	-339,397	-250,448
	line 27	Domestic nonfinancial	-250,935	-245,831	-166,015
	line 28	Domestic financial	-94,025	-93,566	-84,433
	line 29	Net interest and miscellaneous payments	80,626	105,699	360,745
	line 30	Taxes on production and imports	1,836,041	1,830,717	1,820,570
	line 31	Less: Subsidies	100,208	103,098	109,245
	line 32	Business current transfer payments (net)	231,897	216,725	227,565
	line 33	To persons (net)	107,547	105,876	98,810
	line 34	To government (net)	129,624	114,922	116,253
	line 35	To rest of the world (net)	-5,274	-4,073	12,502
	line 36	Current surplus of government enterprises	-10,420	-11,214	-2,334
		Memo:
		Calculation of gross domestic product from National income:
	line 37	National Income, from line 1 above	22,713,235	22,522,249	21,953,470
		Plus:
	line 38	Private consumption of fixed capital	3,891,484	3,844,526	3,688,197
	line 39	Government consumption of fixed capital	774,125	766,937	742,085
	line 40	Statistical discrepancy	734,997	640,478	210,245
		Less:
	line 41	Net U.S. income receipts from rest of world	169,216	164,061	185,593
		Equals:
	line 42	Gross domestic product	27,944,625	27,610,127	26,408,404

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