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Relation of U.S. GDP, U.S. GNP and U.S. National Income

Annual Report (In billions $)




Relation of GDP, GNP and National Income
(In billions $)
2017
2017
2016
2016		 2015

rev.		 2014

adv.		 2013

adv.
Gross domestic product (GDP)
18,569.1 17,947.0 17,947.0 17,418.9 16,768.1
Income receipts from the rest of the world
635.8 616.9 616.9 827.7 810.4
Less: Income payments to the rest of the world
-2,910.4 -2,821.3 -2,821.3 -616.0 -586.1
Equals: Gross national product (GNP)
16,130.4 15,534.5 15,534.5 17,630.6 16,992.4
Less: Consumption of fixed capital
8,189.2 7,824.0 7,824.0 2,736.2 2,627.2
Less: Statistical discrepancy
-1,912.2 -1,830.9 -1,830.9 176.0 211.9
Equals: National income
704.7 656.6 656.6 15,070.4 14,577.1
Compensation of employees
2,085.8 2,008.9 2,008.9 9,221.6 8,844.8
Wage & salary accruals
485.3 523.8 523.8 7,446.0 7,124.7
Supplements to wages & salaries
1,197.0 1,177.3 1,177.3 1,775.6 1,720.1
Corporate profits with inventory valuation & capital consumption adj.
2,085.8 2,008.9 2,008.9 2,089.8 2,106.9
Proprietors' income with inventory valuation & capital consumption adj.
1,417.5 1,388.3 1,388.3 1,380.2 1,336.6
Rental income of persons with capital consumption adj.
704.7 656.6 656.6 640.2 595.8
Net interest & miscellaneous payments
485.3 523.8 523.8 486.3 499.8
Taxes on production & imports less subsidies
1,197.0 1,177.3 1,177.3 1,145.8 1,102.3
Business current transfer payments
161.2 141.2 141.2 140.6 120.6
Current surplus of government enterprises
-22.4 -16.5 -16.5 -34.2 -29.6
Addenda:            
Gross domestic income
18,834.0 18,153.9 18,153.9 16,931.9 16,931.9
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