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

   
    1945    
 
 
    2019
Millions of Dollars
Line Name Period Value Preceding
Period
Year Ago
from Period
Current account
1
Gross value added
2019 1,846,849 1,780,366 1,780,366
2
Less: Consumption of fixed capital
2019 293,454 280,287 280,287
3
Equals: Net value added
2019 1,553,395 1,500,079 1,500,079
4
Compensation of employees (paid)
2019 1,559,106 1,505,275 1,505,275
5
Wages and salaries
2019 1,085,356 1,045,290 1,045,290
6
Employers’ social contributions
2019 473,750 459,985 459,985
7
Operating surplus, net
2019 -5,711 -5,196 -5,196
8
Net national income/Balance of primary incomes, net
2019 1,110,454 1,089,595 1,089,595
9
Operating surplus, net
2019 -5,711 -5,196 -5,196
10
Taxes on production and imports, receivable
2019 1,317,749 1,282,031 1,282,031
11
Subsidies (paid)
2019 -599 -577 -577
12
Property income (received)
. . . .
13
Interest
2019 78,376 77,138 77,138
14
Distributed income of corporations (dividends)
2019 6,567 6,009 6,009
15
Rents on land and natural resources
2019 11,820 11,453 11,453
16
Less: Uses of property income (interest paid)
. . . .
17
Net national income/Balance of primary incomes, net
2019 1,110,454 1,089,595 1,089,595
18
Plus: Current taxes on income, wealth, etc. (received)
2019 559,372 528,234 528,234
19
Plus: Social benefits (received)
2019 21,748 20,985 20,985
20
Less: Social contributions (paid)
2019 754,564 727,207 727,207
21
Plus: Other current transfers (received)
2019 753,011 722,512 722,512
22
Less: Other current transfers (paid)
2019 0 0 0
23
Equals: Disposable income, net
2019 1,690,022 1,634,119 1,634,119
24
Less: Final consumption expenditures
2019 1,897,764 1,847,788 1,847,788
25
Equals: Net saving
. . . .
Capital account
26
Net saving less capital transfers
. . . .
27
Net saving
. . . .
28
Less: Capital transfers paid (net)
2019 -73,758 -72,178 -72,178
29
Capital formation, net
2019 154,342 143,855 143,855
30
Gross fixed capital formation (acquisition of produced nonfinancial assets)
2019 430,960 407,924 407,924
31
Less: Consumption of fixed capital
2019 293,454 280,287 280,287
32
Acquisition of nonproduced nonfinancial assets
2019 16,836 16,219 16,219
33
Net lending (+) or borrowing (-), capital account (lines 26-29)
. . . .
Financial account
34
Net lending (+) or borrowing (-) (line 33)
. . . .
35
Net acquisition of financial assets
2019 -26,317 65,947 65,947
36
Currency and deposits
2019 25,933 274 274
37
Currency and transferable deposits
2019 6,159 -7,636 -7,636
38
Time and savings deposits
. . . .
39
Debt securities
2019 17,269 12,192 12,192
40
Open market paper
2019 -2,248 723 723
41
Treasury securities
2019 37,642 -10,977 -10,977
42
Agency- and GSE-backed securities
2019 -8,436 6,782 6,782
43
Municipal securities
2019 -1,246 570 570
44
Corporate and foreign bonds
2019 -8,443 15,094 15,094
45
Loans
2019 -11,995 4,182 4,182
46
Short term
2019 -4,739 1,523 1,523
47
Long term (mortgages)
2019 -7,256 2,659 2,659
48
Equity and investment fund shares
2019 4,559 -4,290 -4,290
49
Money market fund shares
2019 6,759 -2,090 -2,090
50
Corporate equities
2019 -3,400 -3,400 -3,400
51
Mutual fund shares
2019 1,200 1,200 1,200
52
Other accounts receivable
2019 -62,083 53,589 53,589
53
Trade receivables
2019 10,157 27,796 27,796
54
Taxes receivable
2019 5,487 6,789 6,789
55
Other (miscellaneous assets)
2019 -77,727 19,004 19,004
56
Net incurrence of liabilities
2019 253,114 223,260 223,260
57
Debt securities (municipals)
2019 9,104 -50,786 -50,786
58
Short term
2019 6,786 2,870 2,870
59
Other
2019 2,318 -53,656 -53,656
60
Loans (short term)
2019 1,047 1,103 1,103
61
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
2019 193,551 224,866 224,866
62
Other accounts payable (trade payables)
2019 49,413 48,077 48,077
Addendum:
63
Net lending (+) or borrowing (-), financial account (lines 35-56)
2019 -279,431 -157,313 -157,313
Other changes in volume account
64
Total other volume changes
2019 -14,516 93,518 93,518
65
Disaster losses
2019 0 -159 -159
66
Other volume changes
2019 -23,410 -34,356 -34,356
67
Less: Statistical discrepancy (lines 33-63)
2019 -8,895 -128,033 -128,033
Revaluation account
68
Nonfinancial assets
2019 334,492 504,547 504,547
69
Structures
2019 331,515 496,242 496,242
70
Equipment
2019 561 5,587 5,587
71
Intellectual property products
2019 2,416 2,719 2,719
72
Financial assets (equity and investment fund shares)
2019 53,270 -16,360 -16,360
73
Liabilities (claim of pension funds on sponsor)
2019 -668,408 217,427 217,427
74
Changes in net worth due to nominal holding gains/losses
2019 1,056,170 270,760 270,760
Changes in balance sheet account
75
Change in net worth (lines 29+33+64+74)
2019 907,670 222,787 222,787
Balance sheet account (end of period)
76
Total assets
2019 15,452,931 14,887,189 14,887,189
77
Nonfinancial assets
2019 12,078,023 11,606,104 11,606,104
78
Structures
2019 11,661,530 11,201,896 11,201,896
79
Equipment
2019 270,555 264,884 264,884
80
Intellectual property products
2019 145,938 139,324 139,324
81
Financial assets
2019 3,374,908 3,281,085 3,281,085
82
Currency and deposits
2019 562,229 536,296 536,296
83
Currency and transferable deposits
2019 139,075 132,916 132,916
84
Time and savings deposits
. . . .
85
Debt securities
2019 1,673,942 1,589,608 1,589,608
86
Open market paper
2019 76,061 78,309 78,309
87
Treasury securities
2019 837,005 771,545 771,545
88
Agency- and GSE-backed securities
2019 524,118 514,016 514,016
89
Municipal securities
2019 16,348 16,832 16,832
90
Corporate and foreign bonds
2019 220,410 208,906 208,906
91
Loans
2019 411,866 424,037 424,037
92
Short term
2019 160,362 165,101 165,101
93
Long term (mortgages)
2019 251,504 258,936 258,936
94
Equity and investment fund shares
2019 291,214 233,385 233,385
95
Money market fund shares
2019 26,537 19,778 19,778
96
Corporate equities
2019 173,162 137,693 137,693
97
Mutual fund shares
2019 91,515 75,914 75,914
98
Other accounts receivable
2019 435,657 497,759 497,759
99
Trade receivables
2019 245,358 235,201 235,201
100
Taxes receivable
2019 165,142 159,674 159,674
101
Other (miscellaneous assets)
2019 25,157 102,884 102,884
102
Total liabilities and net worth
2019 15,452,931 14,887,189 14,887,189
103
Liabilities
2019 8,234,205 8,576,133 8,576,133
104
Debt securities (municipals)
2019 3,071,876 3,062,772 3,062,772
105
Short term
2019 44,700 37,914 37,914
106
Other
2019 3,027,176 3,024,858 3,024,858
107
Loans (short term)
2019 21,098 20,051 20,051
108
Insurance, pension and standardized guarantee schemes (claim of pension funds on sponsor)
2019 4,090,128 4,491,620 4,491,620
109
Other accounts payable (trade payables)
2019 1,051,103 1,001,690 1,001,690
110
Net worth
2019 7,218,726 6,311,056 6,311,056
   

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