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SUEVEY OF CURRENT BUSINESS

September 1979

NATIONAL INCOME AND PRODUCT TABLES
1977

I

1978

II

1978

1979

1978
III

IV

I

II r

1977

1978

I

II

1979
III

IV

I

II r

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1972 dollars

Billions of current dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2,329. 8 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422. 3

Gross national product

, 210.0 1,350.8 1,287.2 1,331.2 1,369.3 1,415.4 1,454.2 1, 475. 9

Durable goods
Nondurable goods..
Services
Gross private domestic investment.

861.7

900.8

882.7

894.8

905.3

920.3

921.8

915.0

178.8
481.3
549.8

Personal consumption expenditures..

200.3
530.6
619.8

185.3
505.9
596.0

200.3
521.8
609.1

203.5
536.7
629.1

212.1
558.1
645.1

213.8
571.1
669.3

208.7
581.2
686.0

138.2
332.7
390.8

146.7
343.3
410.8

139.3
337.3
406.1

147.8
339.4
407.6

147.5
344.7
413.1

152.1
351.9
416.3

150.2
348.1
423.5

144.8
344.1
426.1

303.3

351.5

327.0

352.3

356.2

370.5

373.8

395.4

200.1

214.3

209.0

216.8

214.0

217.4

217.2

221.7

192.5

201.2

281.3

329.1

304.1

326.5

336.1

349.8

354.6

186.9

200.2

201.8

205.5

204.9

203.5

Nonresidential
__
Structures
Producers' durable equipment..

189.4
62.6
126.8

221.1
76.5
144.6

203.7
66.9
136.8

218.8
75.2
143.6

225.9
79.7
146.3

236.1
84.4
151.8

243.4
84.9
158.5

249.1
90.5
158.6

129.3
39.1
90.1

140.1
43.9
96.2

133.1
40.2
93.0

140.3
43.9
96.4

141.6
45.1
96.5

145.5
46.5
98.9

147.2
45.8
101.3

146.9
47.9
99.0

Residential..
Nonfarm structures.
Farm structures
Producers' durable equipment..

91.9
88.8
1.5
1.6

108.0
104.4
1.8
1.9

100.5
96.8
1.9
1.9

107.7
104.3
1.4
2.0

110.2
106.4
1.9
1.9

113.7
110.0
1.9
1.9

111.2
107.8
1.5
1.9

112.9
109.1
1.8
2.0

57.7
55.5

60.1
57.7
1.0
1.4

59.4
56.8
1.1
1.4

60.9
58.6
.8
1.5

60.2
57.7
1.0
1.4

60.0
57.6
1.0
1.4

57.7
55.6
.8
1.4

56.7
54.4
.9
1.4

21.9
20.7
1.2

22.3
21.3
1.1

22.8
22.0
.8

25.8
25.3
.5

20.0
18.5
1.6

20.6
19.3
1.3

19.1
18.8

33.4
32.6

13.1
13.3
*

14.1
13.7
.3

16.5
16.3
.2

15.6
15.5
0

12.2
11.6
.6

12.0
11.5
.5

12.3
12.1
.2

18.1
17.7
.4

-7.6

-6.8

-4.5

4.0

-8.1

10.3

11.0

5.3

12.3

13.3

12.9

17.0

13.2

238.5
234.4

243.7
251.9

98.4
88.2

108.9
97.9

100.7
95.4

109.2
96.9

111.9
98.5

113.8
101.0

117.0
100.0

116.0
102.9

270.7

271.3

274.7

276.0

274.7

272.4

96.6

98.5

99.3

101.1

98.1

174.7

176.2

176.6

173.6

174.3

Fixed investment

Change in business inventories..
Nonfarm
Farm
Net exports of goods and services.

-9.9

Government purchases of goods and services..
Federal
National defense..
Nondefense
State and local

-10.3

-22.2

175.9
185.8
396.2

207.2
217.5

184.4
206.6

205.7
213.3

213.8
220.6

224.9
229.4

435.6

419.4

428.3

440.9

453.8

460.1

466.6

268.5

273.2

144.4
93.7
50.6
251.8

Exports.
Imports.

152.6
99.0
53.6
283.0

150.9
97.6
53.3
268.5

148.2
98.2
50.0
280.1

152.3
99.0
53.3
288.6

159.0
101.2
57.8
294.8

163.6
103.4
60.2
296.5

161.7
106.0
55.7
304.9

100.6

98.6

167.9

174.6

170.9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product.

1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2, 329. 8 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1,430.6 1,422. 3

Final sales
Change in business inventories.
Goods.

1,877.6 2,105.. 2 1,988.5 2,078.4 2,139. 5 2,214.5 2,272.9 2, 296. 4 1,327. 4 1,385.1 1,351.3 1,379.6 1,395.1 1,414. 6 1,418.4 1,404.1
18.1
12.3
12.2
33.4
14.1
16.5
15.6
12.0
13.1
21.9
22.3
20.6
19.1
25.8
22.8
20.0
842.2

930.0

873.0

922.5

940.9

983.8 1,011.8 1,018.1

615.6

639.5

621.4

637.2

641.8

657.3

658.6

647.3

Final sales
Change in business inventories.
Durable goodsT
Final sales
Change in business inventories.

820.2
21.9

907.7
22.3

850.2
22.8

896.7
25.8

920.8
20.0

963.2
20.6

992.7
19.1

984. 6
33.4

602.4
13.1

625.4
14.1

604.9
16.5

621.6
15.6

629.6
12.2

645.3
12.0

646.3
12.3

629.1
18.1

345.9
333.9
11.9

380.4
366.5
13.9

358.7
340.1
18.6

378.0
364.9
13.1

382.6
372.3
10.3

402.3
388.9
13.4

425.5
407.1
18.4

422.4
398.0
24.3

256.5
248.6
8.0

270.0
261.4
8.6

260.3
248.5
11.8

270.8
262.8
7.9

269.9
263.6
6.3

279.1
270.6
8.5

286.0
275.2
10.8

278.3
265.1
13.2

Nondurable goods
Final sales
Change in business inventories.

496.3
486.3
10.0

549.6
541.2
8.4

514.3
510.1
4.2

544.5
531.8
12.7

558.3
548.6
9.7

581.6
574.3
7.2

586.2
585.5
.7

595.7
586. 6
9.1

359.1
353.9
5.2

369.4
364.0
5.5

361.2
356.4
4.7

366.5
358.8
7.6

372.0
366.0
5.9

378.2
374.7
3.5

372.6
371.2
1.4

369.0
364.1
4.9

866.4
190.9

969.3
228.2

934.1
204.2

956.2
225.6

981.7 1,005.3 1,041.4 1,064. 2
237.0
246.0
247.5
238.9

604.4
120.5

630.3
129.5

624.2
122.1

627.9
130.1

633.1
132.4

636.0
133.3

645.2
126.8

647.3
127.7

Services...
Structures.

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Gross domestic product
Business
Nonfarm
Nonfarm less housing..
Housing
Farm
Statistical discrepancy—
Residual i
Households and institutionsGovernment
Federal
State and local.

Revised.

1,881.7 2,107.0 1.992.0 2,083.2 2,138.9 2,213.9 2,267.9 2, 306.1 1,332.9 1,391.1 1,359.9 1,386.8 1,399.2 1,418.4 1.421.7 1, 414. 2
1,609. 0 1,807.8 1.701.1 1,787.5 1,837.6 1,904.9 1,951. 4 1,984.5 1,143. 7 1,197.5 1,167. 5 1,193. 6 1,205.1 1,223.9 1,226. 9 1,219.0
1,552.2 1,745.0 1,641.8 1,725.8 1,774.8 1,837.5 1,880.8 1, 915. 2 1,100. 7 1,160.0 1,126. 6 1,156. 2 1,169.1 1,188.0 1,193.1 1,184. 7
1,404.5 1,579.2 1,482.8 1,562.3 1,607.1 1,664.7 1,702.3 1, 731. 0 986.0 1,039.6 1,007.9 1,036.5 1,048.2 1,065.8 1,068.6 1,058. 2
184.2
122.3
126. 5
124.5
114.7
147.7
119.8
121.0
163.5
120.4
159.0
178.6
118.7
167.7
172.9
165.8
70.6
33.2
35.1
34.4
33.4
49.2
34.2
34.2
33.6
59.4
56.3
70.0
35.7
58.9
63.3
59.5
-1.3
7.5
2.3
3.0
.6
3.9
4.1
3.3
.4
3.2
-.8
2.7
3.4
8.7
5.3
2.4
62.6

69.6

67.3

68.9

70.3

72.1

74.8

75.8

147.0
48.7
98.4

149.9
49.1
100.8

149.4
48.9
100.5

149.8
49.0
100.8

7.6

8.1

7.8

8.4

210.1
66.4
143.7

229.6
71.8
157.8

223.6
70.2
153.4

226.8
70.7
156.1

231.0
71.5
159.4

237.0
74.8
162.2

241.8
75.5
166. 3

245.8
75.8
170.0

17.8

Rest of the world.
r

1,899.5 2,127.6 2,011.3 2,104.2 2,159.6 2,235.2 2,292.1 2, 329. 8 1,340.5 1,399.2 1,367.8 1,395.2 1,407.3 1,426.6 1.430.6 1,422. 3

20.5

19.3

21.0

20.7

21.2

24.2

23.7

42.2

43.6

43.0

43.4

44.1

44.4

150.2
49.2
100.9

150.4
49.3
101.1

150.4
49.2
101.2

150. 5
49.1
101.4

8.1

8.1

8.9

8.1

43.9

See footnotes on p . 7.

HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The
National Income and Product Accounts of the United States, 1929-74:
Statistical Tables (available for $4.95, SN 003-010-00052-9, from
Commerce Department District Offices or the Superintendent of




Documents; see addresses inside front cover). Data for 1973, 1974,
1975, and 1975-78 are in the July 1976, 1977, 1978, and 1979
issues of the SURVEY, respectively.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102