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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 51,937 -30,348 -30,348
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 -20,296 -51,735 -51,735
40
Open market paper
2019 1,533 -2,631 -2,631
41
Treasury securities
2019 -758 -38,979 -38,979
42
Agency- and GSE-backed securities
2019 -6,636 -15,344 -15,344
43
Municipal securities
2019 -365 -172 -172
44
Corporate and foreign bonds
2019 -14,070 5,391 5,391
45
Loans
2019 8,458 -13,995 -13,995
46
Short term
2019 3,232 -5,546 -5,546
47
Long term (mortgages)
2019 5,226 -8,449 -8,449
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 33,283 39,398 39,398
53
Trade receivables
2019 10,141 27,639 27,639
54
Taxes receivable
2019 5,469 6,413 6,413
55
Other (miscellaneous assets)
2019 17,673 5,346 5,346
56
Net incurrence of liabilities
2019 359,979 223,243 223,243
57
Debt securities (municipals)
2019 8,889 -50,804 -50,804
58
Short term
2019 6,787 2,870 2,870
59
Other
2019 2,102 -53,674 -53,674
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 300,630 224,867 224,867
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 -308,042 -253,591 -253,591
Other changes in volume account
64
Total other volume changes
2019 -49,280 -1,414 -1,414
65
Disaster losses
2019 0 -159 -159
66
Other volume changes
2019 -29,564 -33,010 -33,010
67
Less: Statistical discrepancy (lines 33-63)
2019 19,716 -31,755 -31,755
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 53,271 -16,361 -16,361
73
Liabilities (claim of pension funds on sponsor)
2019 -619,326 217,427 217,427
74
Changes in net worth due to nominal holding gains/losses
2019 1,007,089 270,759 270,759
Changes in balance sheet account
75
Change in net worth (lines 29+33+64+74)
2019 823,825 127,854 127,854
Balance sheet account (end of period)
76
Total assets
2019 15,335,205 14,697,362 14,697,362
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 3,257,182 3,091,258 3,091,258
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 1,503,941 1,463,594 1,463,594
86
Open market paper
2019 73,133 71,600 71,600
87
Treasury securities
2019 740,280 716,044 716,044
88
Agency- and GSE-backed securities
2019 479,711 469,551 469,551
89
Municipal securities
2019 15,719 15,390 15,390
90
Corporate and foreign bonds
2019 195,098 191,009 191,009
91
Loans
2019 396,011 387,710 387,710
92
Short term
2019 154,189 150,957 150,957
93
Long term (mortgages)
2019 241,822 236,753 236,753
94
Equity and investment fund shares
2019 291,214 233,384 233,384
95
Money market fund shares
2019 26,537 19,778 19,778
96
Corporate equities
2019 173,161 137,692 137,692
97
Mutual fund shares
2019 91,516 75,914 75,914
98
Other accounts receivable
2019 503,787 470,274 470,274
99
Trade receivables
2019 245,185 235,044 235,044
100
Taxes receivable
2019 165,373 159,674 159,674
101
Other (miscellaneous assets)
2019 93,229 75,556 75,556
102
Total liabilities and net worth
2019 15,335,205 14,697,362 14,697,362
103
Liabilities
2019 8,389,256 8,575,238 8,575,238
104
Debt securities (municipals)
2019 3,070,761 3,061,872 3,061,872
105
Short term
2019 44,693 37,906 37,906
106
Other
2019 3,026,068 3,023,966 3,023,966
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 4,246,294 4,491,625 4,491,625
109
Other accounts payable (trade payables)
2019 1,051,103 1,001,690 1,001,690
110
Net worth
2019 6,945,949 6,122,124 6,122,124
   

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