OK, so here's my summary based on table 1.14 from the US national income &
product accounts. I'm away from my reference books, but as I remember the
convention, net interest is paid by business to households.
Doug
PROFITS AND NET INTEREST, PERCENT OF GDP
profits profits+net int
---------------- net ----------------
pretax posttax interest pretax posttax
1929 10.7% 8.9% 4.4% 15.1% 13.3%
1930 8.3% 3.7% 5.3% 13.6% 9.0%
1931 3.7% -0.1% 6.3% 9.9% 6.2%
1932 -0.7% -3.2% 7.5% 6.8% 4.3%
1933 -0.7% 2.1% 6.9% 6.2% 9.1%
1934 3.8% 3.5% 5.9% 9.7% 9.4%
1935 5.5% 4.5% 5.3% 10.8% 9.8%
1936 7.4% 6.6% 4.4% 11.8% 11.0%
1937 8.1% 6.4% 3.9% 12.0% 10.3%
1938 6.3% 4.0% 4.1% 10.4% 8.0%
1939 7.5% 6.7% 3.8% 11.3% 10.6%
1940 10.1% 7.5% 3.2% 13.2% 10.7%
1941 12.5% 8.4% 2.5% 15.1% 11.0%
1942 12.9% 6.6% 1.9% 14.8% 8.5%
1943 12.5% 5.8% 1.4% 13.9% 7.2%
1944 11.0% 5.2% 1.0% 12.1% 6.3%
1945 8.7% 4.2% 0.9% 9.7% 5.1%
1946 8.8% 7.1% 0.8% 9.7% 7.9%
1947 10.6% 8.5% 1.0% 11.6% 9.4%
1948 12.5% 8.7% 0.9% 13.4% 9.6%
1949 11.7% 7.2% 1.0% 12.7% 8.3%
1950 13.0% 8.6% 1.0% 14.0% 9.6%
1951 12.8% 6.5% 1.0% 13.8% 7.6%
1952 11.5% 5.8% 1.1% 12.5% 6.9%
1953 10.7% 5.6% 1.2% 11.9% 6.8%
1954 10.2% 5.7% 1.4% 11.6% 7.1%
1955 11.6% 6.7% 1.5% 13.0% 8.1%
1956 10.9% 6.5% 1.6% 12.4% 8.0%
1957 10.3% 6.0% 1.7% 12.0% 7.7%
1958 9.1% 5.1% 2.1% 11.2% 7.2%
1959 10.5% 5.9% 2.0% 12.5% 7.9%
1960 9.7% 5.4% 2.1% 11.8% 7.5%
1961 9.4% 5.2% 2.4% 11.8% 7.6%
1962 9.6% 5.5% 2.5% 12.1% 8.0%
1963 9.9% 5.7% 2.6% 12.5% 8.3%
1964 10.2% 6.0% 2.7% 12.9% 8.8%
1965 10.8% 6.7% 2.9% 13.7% 9.6%
1966 10.5% 6.5% 3.1% 13.6% 9.6%
1967 9.6% 5.9% 3.4% 13.0% 9.3%
1968 9.5% 5.6% 3.3% 12.9% 9.0%
1969 8.5% 5.0% 3.4% 11.9% 8.5%
1970 6.9% 4.2% 3.9% 10.8% 8.1%
1971 7.6% 4.7% 4.0% 11.6% 8.7%
1972 7.9% 5.1% 4.0% 11.9% 9.0%
1973 8.0% 5.9% 4.1% 12.1% 10.0%
1974 6.9% 6.1% 4.8% 11.7% 10.9%
1975 7.9% 5.5% 4.9% 12.8% 10.4%
1976 8.7% 6.0% 4.7% 13.4% 10.7%
1977 9.2% 6.4% 5.0% 14.2% 11.4%
1978 9.3% 6.7% 5.3% 14.5% 12.0%
1979 8.6% 6.8% 5.9% 14.5% 12.6%
1980 7.1% 5.6% 6.9% 14.0% 12.5%
1981 6.5% 4.7% 7.5% 14.0% 12.2%
1982 5.1% 3.5% 8.2% 13.3% 11.7%
1983 5.8% 3.9% 7.9% 13.6% 11.7%
1984 6.1% 3.8% 8.2% 14.3% 12.0%
1985 5.5% 3.2% 8.1% 13.6% 11.3%
1986 5.3% 2.6% 8.2% 13.5% 10.8%
1987 5.8% 3.5% 7.9% 13.7% 11.5%
1988 6.4% 4.3% 7.9% 14.3% 12.2%
1989 6.1% 3.8% 8.4% 14.5% 12.2%
1990 6.2% 4.0% 8.1% 14.4% 12.2%
1991 6.4% 4.1% 7.6% 14.0% 11.6%
1992 6.4% 4.2% 6.6% 13.0% 10.9%
1993 7.0% 4.6% 6.1% 13.1% 10.7%
1994 7.5% 5.0% 5.9% 13.4% 11.0%
1995 8.4% 5.8% 5.8% 14.2% 11.6%
1996 10.9% 7.3% 6.7% 17.5% 14.0%
1997 9.1% 6.0% 5.3% 14.5% 11.3%
1998 8.8% 5.7% 5.2% 14.0% 11.0%
