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

Quarterly Report on Annual Rate (In billions $)



Relation of GDP, GNP and National Income
(In billions $)
2023
III Quarter
rev.
2023
II Quarter
final
2023
I Quarter
rev.
2022
IV Quarter
adv.
2022
III Quarter
final
Gross domestic product (GDP)
27,623.5 27,063.0 26,529.8 26,138.0 25,723.9
Income receipts from the rest of the world
- 1,452.7 1,402.8 1,354.6 1,292.1
Less: Income payments to the rest of the world
- -1,279.7 -1,278.5 -1,203.1 -1,130.6
Equals: Gross national product (GNP)
- 27,236.1 26,654.0 26,289.5 25,885.4
Less: Consumption of fixed capital
4,619.0 4,557.0 4,506.4 4,425.1 4,358.1
Less: Statistical discrepancy
- -419.7 -392.5 5.0 243.7
Equals: National income
- 22,259.4 21,755.2 21,869.4 21,771.0
Compensation of employees
14,361.1 14,171.7 13,985.5 13,972.6 13,755.0
Wage & salary accruals
11,911.4 11,749.7 11,545.6 11,549.3 11,361.0
Supplements to wages & salaries
2,449.7 2,422.0 2,440.0 2,423.2 2,394.0
Corporate profits with inventory valuation & capital consumption adj.
- 3,172.1 2,818.1 2,939.5 3,000.0
Proprietors' income with inventory valuation & capital consumption adj.
1,845.8 1,824.1 1,909.5 1,882.9 1,863.5
Rental income of persons with capital consumption adj.
974.5 961.1 845.0 811.8 794.9
Net interest & miscellaneous payments
136.8 212.4 329.7 414.5 515.7
Taxes on production & imports less subsidies
1,729.8 1,721.7 1,687.9 1,667.5 1,670.6
Business current transfer payments
215.7 206.4 183.9 186.7 177.7
Current surplus of government enterprises
-11.1 -10.0 -4.4 -6.1 -6.4
Addenda:            
Gross domestic income
- 26,643.3 26,137.3 26,143.0 25,967.6


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