Figure A
Corporate profits as a percentage of national income, 1947–2012
| Year | Before-tax | After-tax |
|---|---|---|
| 1947 | 10.8% | 5.9% |
| 1948 | 12.7% | 7.9% |
| 1949 | 12.0% | 8.0% |
| 1950 | 13.4% | 7.0% |
| 1951 | 13.3% | 6.3% |
| 1952 | 12.0% | 6.3% |
| 1953 | 11.4% | 5.8% |
| 1954 | 11.2% | 6.3% |
| 1955 | 13.1% | 7.5% |
| 1956 | 12.0% | 6.8% |
| 1957 | 11.4% | 6.6% |
| 1958 | 10.1% | 5.9% |
| 1959 | 11.7% | 6.9% |
| 1960 | 11.0% | 6.7% |
| 1961 | 10.9% | 6.6% |
| 1962 | 11.6% | 7.5% |
| 1963 | 12.0% | 7.8% |
| 1964 | 12.4% | 8.3% |
| 1965 | 13.1% | 8.8% |
| 1966 | 12.8% | 8.6% |
| 1967 | 11.8% | 8.0% |
| 1968 | 11.5% | 7.5% |
| 1969 | 10.3% | 6.6% |
| 1970 | 8.5% | 5.6% |
| 1971 | 9.2% | 6.2% |
| 1972 | 9.7% | 6.7% |
| 1973 | 9.6% | 6.5% |
| 1974 | 8.2% | 5.2% |
| 1975 | 8.8% | 6.2% |
| 1976 | 9.7% | 6.6% |
| 1977 | 10.3% | 7.2% |
| 1978 | 10.4% | 7.2% |
| 1979 | 9.6% | 6.7% |
| 1980 | 7.8% | 5.4% |
| 1981 | 7.7% | 5.8% |
| 1982 | 6.7% | 5.5% |
| 1983 | 8.0% | 6.5% |
| 1984 | 8.7% | 7.0% |
| 1985 | 8.6% | 7.0% |
| 1986 | 7.7% | 6.0% |
| 1987 | 8.5% | 6.4% |
| 1988 | 9.0% | 7.0% |
| 1989 | 8.4% | 6.4% |
| 1990 | 8.2% | 6.3% |
| 1991 | 8.4% | 6.7% |
| 1992 | 8.7% | 6.8% |
| 1993 | 9.1% | 7.0% |
| 1994 | 9.9% | 7.7% |
| 1995 | 10.6% | 8.2% |
| 1996 | 11.2% | 8.8% |
| 1997 | 11.6% | 9.2% |
| 1998 | 10.0% | 7.7% |
| 1999 | 9.9% | 7.7% |
| 2000 | 8.8% | 6.6% |
| 2001 | 8.2% | 6.7% |
| 2002 | 9.0% | 7.7% |
| 2003 | 9.7% | 7.9% |
| 2004 | 11.6% | 9.4% |
| 2005 | 12.7% | 9.8% |
| 2006 | 13.1% | 10.0% |
| 2007 | 11.9% | 9.2% |
| 2008 | 9.6% | 8.0% |
| 2009 | 10.7% | 9.4% |
| 2010 | 12.7% | 11.0% |
| 2011 | 13.1% | 11.4% |
| 2012 | 13.6% | 11.4% |
Source: Author's analysis of Bureau of Economic Analysis National Income and Product Accounts data
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