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SURVEY OF CURRENT BUSINESS April 1985 National Income and Product Accounts Tables New estimates in this issue: First quarter 1985, preliminary; for corporate profits and related items, fourth quarter and annual 1984, revisions. Corrections for 1984 annual fixed-weighted price index appear in table 7.2; corrections for 1984 annual percent change for fixed-weighted and chain price index appear in table 8.1; these corrections apply to the GNP and some of the GNP components. The abbreviations used in the tables are: CCAdj Capital consumption adjustment IVA Inventory valuation adjustment NIPA's National income and product accounts Preliminary Revised The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock No. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 and corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY. Summary NIPA Series, 1952-83, are in the August 1984 SURVEY. These publications are available from the Superintendent of Documents and Commerce Department District Offices; see addresses inside front cover. Table 1.1-1.2.—Gross National Product in Current and Constant Dollars Billions of 1972 dollars Billions of dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 IV Gross national product Personal consumption expenditures .. Durable goods Nondurable goods Services Fixed investment Nonresidential Structures Producers' durable equipment Residential ... . Nonfarm structures Farm structures Producers' durable equipment Change in business inventories Nonfarm Farm Net exports of goods and services Exports Imports .... Government purchases of goods and services Federal National defense .. Nondefense State and local ... I II 1985 III IV 1983 1984 IV I" 1,534.7 2,155.9 1,009.2 1,062.4 1,032.4 2,341.8 2,230.2 2,276.5 2,332.7 2,361.4 2,396.5 2,442.8 320.7 317.2 310.9 858.3 861.4 841.3 1,124,4 1,153.7 1,182.8 326.3 333.1 866.5 877.9 1,203.8 1,231,8 1985 1984 1983 3,304.8 3,662.8 3,431.7 3,553.3 3,644.7 3,694.6 3,758.7 3,819.9 279.8 318.8 299.8 801.7 856.9 823.0 1,074.4 1,166.1 1,107.5 Gross private domestic investment 1984 1983 1,639.3 1,572.7 I II 1,610.9 III IV I" 1,638.8 1,645.2 1,662.4 1,668.0 1,044.1 1,064.2 1,065.9 1,075.4 1,087.9 182.9 395.0 497.5 186.0 399.1 502.9 157.5 376.3 475.4 178.0 393.5 490.8 167.2 383.2 482.0 173.7 387.1 483.4 178.6 396.6 488.9 177.0 395.5 493.5 471.6 637.8 540.0 623.8 627.0 662.8 637.8 657.4 221.0 289.9 249.5 285.5 283.9 300.2 289.9 295.5 485.1 325.9 129.7 223.2 132.2 127.6 1.0 3.6 135 -3.1 104 579.6 425.7 150.4 275.3 153.9 148.8 1.1 4.0 58.2 49.6 8.6 527.3 383.9 136.6 247.3 143.4 138.7 .9 3.8 12.7 14.1 14 550.0 389.8 142.2 256.7 151.2 146.4 .9 3.9 73.8 60.6 13.2 576.4 402.8 150.0 270.7 155.6 150.5 1.0 4.1 50.6 47.0 3.5 591.0 435.7 151.4 284.2 155.3 150.1 1.2 4.0 71.8 63.7 8.1 601.1 447.7 157.9 289.7 153.5 148.3 1.0 4.1 36.6 27.2 9.4 610.8 455.9 164.5 291.4 155.0 149.7 1.0 4.2 46.6 40.5 6.2 224.6 171.0 49.2 121.8 53.7 51.2 .4 2.1 36 .6 42 265.1 204.9 56.9 148.0 60.2 57.5 .4 2.3 24.8 20.9 4.0 242.2 184.5 51.4 133.1 57.8 55.2 .4 2.2 7.2 7.0 .2 253.9 193.3 54.1 139.2 60.6 58.0 .4 2.2 31.6 26.2 5.4 263.7 202.9 56.8 146.0 60.8 58.1 .4 2.3 20.3 18.7 1.6 269.6 209.5 57.1 152.4 60.1 57.3 .5 2.3 30.6 26.5 4.1 273.1 213.8 59.4 154.4 59.2 56.5 .4 2.4 16.8 12.0 4.8 274.8 215.6 61.7 154.0 59.1 56.3 .4 2.4 20.7 17.8 3.0 83 64 2 29 8 51 5 58 7 90 6 56 0 2.0 -8.3 -27.0 -13.4 336.2 344.4 364.3 428.5 346.1 375.9 358.9 410.4 362.4 421.1 368.6 459.3 367.2 423.2 361.4 434.4 139.5 126.9 146.0 161.1 141.0 139.1 144.9 153.2 144.7 156.2 147.4 174.4 147.1 160.5 144.0 170.1 685.5 747.4 691.4 704.4 743.7 761.0 780.5 792.6 291.9 302.1 288.8 289.5 302.1 306.1 310.5 310.6 269.7 200.5 69.3 415.8 295.4 221.5 73.9 452.0 266.3 207.2 59.1 425.1 267.6 213.4 54.2 436.8 296.4 220.8 75.6 447.4 302.0 220.3 81.7 458.9 315.7 231.6 84.1 464.8 320.2 234.5 85.7 472.5 116.2 84.7 31.5 175.7 122.5 89.6 32.9 179.6 113.0 86.3 26.7 175.8 112.2 87.1 25.2 • 177.3 123.2 89.6 33.6 178.9 125.0 89.1 36.0 181.1 129.6 92.7 36.8 180.9 129.3 92.2 37.1 181.3 -73.0 12.6 -15.0 11 4 -26.1 Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars Billions of 1972 dollars Billions of dollars Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1983 1984 IV Gross national product Final sales Change in business inventories.. Goods III IV 1984 I" IV 1,639.3 1,572.7 1,534.7 3,722.1 3,773.3 36.6 46.6 1,538.3 1,614.5 1,565.4 -3.6 24.8 7.2 1,543.0 1,484.8 1,411.2 58.2 12.7 1,423.9 Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories 555.3 557.5 -2.1 800.4 811.7 -11.3 1,498.0 1,544.8 1,549.2 1,424.2 1,494.2 1,477.4 50.6 71.8 73.8 I II III IV \p 1,610.9 1,638.8 1,645.2 1,662.4 1,668.0 1,579.3 1,618.5 1,614.6 30.6 20.3 31.6 1,645.6 16.8 1,647.3 20.7 1,579.8 1,590.9 688.6 764.5 715.5 744.9 767.4 766.8 778.8 776.4 1,543.2 36.6 1,544.3. 46.6 692.2 -3.6 739.6 24.8 708.2 7.2 713.3 31.6 747.1 20.3 736.1 30.6 762.0 16.8 755.7 20.7 632.3 597.5 34.9 865.7 826.8 38.9 647.9 629.7 18.2 896.9 864.6 32.4 654.7 613.1 41.7 894.4 864.3 30.1 687.7 661.0 26.7 892.1 882.2 9.9 673.9 647.8 26.1 917.0 896.5 20.5 295.6 296.1 -.5 392.9 396.1 32 341.6 328.4 13.2 422.9 411.2 11.7 318.6 311.9 6.6 396.9 396.3 .6 331.1 316.4 14.7 413.8 396.9 16.9 339.5 331.4 8.1 427.9 415.7 12.2 340.2 322.4 17.8 426.5 413.7 12.8 355.4 343.4 12.0 423.5 418.6 4.8 346.3 334.7 11.6 430.1 421.0 9.1 1,639.3 1,763.3 1,681.3 1,713.7 356.5 326.5 341.6 309.8 1,742.6 357.2 1,783.3 362.1 1,813.7 365.2 1,856.4 372.5 723.2 122.9 736.7 138.1 728.7 128.5 731.4 134.6 732.9 138.5 739.0 139.4 743.6 140.0 750.0 141.5 655.7 625.3 30.4 887.3 859.5 27.8 607.4 592.9 14.5 816.5 818.3 -1.7 3,313.1 3,727.0 3,461.5 3,604.8 3,703.4 3,785.2 3,326.5 3,668.8 3,448.8 3,531.0 3,652.8 3,713.4 3,814.8 3,892.9 3,778.1 3,846.3 1,522.1 1,654.4 1,570.7 1,525.7 1,629.5 1,563.4 1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports. 1985 1984 1983 3,758.7 3,819.9 1,369.2 -13.5 Addenda: Gross domestic purchases * Final sales to domestic purchasers1 II 1983 3,318.3 3,604.6 3,419.0 3,479.5 3,594.1 3,622.8 58.2 73.8 50.6 71.8 -13.5 12.7 1,355.7 . I 1985 3,304.8 3,662.8 3,431.7 3,553.3 3,644.7 3,694.6 Final sales Change in business inventories Services Structures 1984 1983 1,619.2 1,587.6 1,650.2 1,672.2 1,675.8 1,694.1 1,629.9 1,641.6 1,659.0 1,673.3