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SURVEY OF CURRENT BUSINESS

12

January 1980

NATIONAL INCOME AND PRODUCT TABLES
1978
1978

1979 P

III

1979
IV

I

II

1978
III

IV P

1978

1979 P

Seasonally adjusted at annual rates

III

1979
IV

I

III

II

IV

P

Seasonally adjusted at annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.— Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

_

Durable goods
Non durable goods
Services

_ .

Gross private domestic investment

_ _

Fixed investment

... ._

__ _. .

221.1
76.5
144.6

253.9
92.3
161.6

225.9
79.7
146.3

236.1
84.4
151.8

243.4
84.9
158.5

249.1
90.5
158.6

261.8
95.0
166.7

261.3
98.7
162.6

140.1
43.9
96.2

148.2
47.9
100.3

141.6
45.1
96.5

145.5
46.5
98.9

147.2
45.8
101.3

146.9
47.9
99.0

150.7
48.7
101.9

148.0
49.3
98.7

108.0
104.4
1.8
1.9

Nonresidential
_
. _
Structures.
Producers' durable equipment
[Residential
. . ._
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfann
Farm.. .
. . .

2,127.6 2,368.5 2,159.6 2,235.2 2,292.1 2, 329. 8 2,396.5 2,455.8 1,399.2 1,431.1 1, 407. 3 1,426.6 1,430.6 1, 422. 3 1,433.3 1,438.4
900.8 924.5 905.3 920.3 921.8
915.0
925.9 935.2
208.7 213.4 215.5 146.7
200.3 212.8 203.5 212.1 213.8
147.0
147.5
152.1 150.2
144.8
146.9 146.0
604.7 631.0 343.3 349.3 344.7 351.9
558.1 571.1 581.2
597.0 536.7
530.6
348.1 344.1
349.2 356.0
710.6 733.9 410.8 428.2 413.1 416.3 423.5 426.1
700.0 629.1 645.1 669.3 686.0
_
_ 619.8
429.9 433.2
395.4
392.3 383.3 214.3 214.8
356.2 370.5 373.8
351.5 386.2
214.0
217.4 217.2
221.7
214.2 206.2
361.9
377.8 376.9
354.6
329.1 367.8 336.1 349.8
200.2 204.6 201.8
203.5
205.5
207.1 203.0
204.9

- - .- 1,350.8 1,509.8 1, 369. 3 1,415.4 1,454.2 1, 475. 9 1,528.6 1,580.4

Personal consumption expenditures

113.9
110.0
1.9
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

116.0
112.0
2.0
2.0

115.6
111.2
2.3
2.1

60.1
57.7
1.0
1.4

56.5
54.1
.9
1.4

60.2
57.7
1.0

60.0
57.6
1.0

57.7
55.6
.8

56.7
54.4
.9

56.5
54.0
1.0

55.0
52.5
1.1
1.5

22.3
21.3
1.1

18.4
16.6
1.8

20.0
18.5
1.6

20.6
19.3
1.3

19.1
18.8
.3

33.4
32.6
.8

14.5
12.6
1.9

6.4
2.3
4.1

14.1
13.7
.3

10.2
9.2
.9

12.2
11.6
.6

12.0
11.5
.5

12.3
12.1
.2

18.1
17.7
.4

7.1
6.1
1.0

3.2
1.1
2.1

-10.3

-3.5

-6.8

-4.5

4.0

-8.1

-2.3

-7.7

11.0

17.7

13.3

12.9

17.0

13.2

20.1

20.7

.

207.2
217.5

257.4
260.9

213.8
220.6

224.9
229.4

238.5
234.4

243.7
251.9

267.3
269.5

108.9
97.9

119.8
102.0

111.9
98.5

113.8
101.0

117.0
100.0

116.0
102.9

122.2
102.1

123.9
103.2

Government purchases of goods and services

435.6

476.1

440.9

453.8

460.1

466.6

477.8

280.0
287.7
499.8

273.2

274.1

274.7

276.0

274.7

272.4

273.1

276.3

152.6
99.0
53.6
283.0

166.3
108.3
58.0
309.8

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

162.9
109.0
53.9
314.9

177.0
114.6
62.4
322.8

98.6

99.2

98.5

99.3

101.1

98.1

97.4

100.4

174.6

174.9

176.2

176.6

173.6

174.3

175.6

175.9

Net exports of goods and services
Exports
Imports
Federal .
National defense
Nondefense
State and local

. .

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
2, 127. 6 2,368.5 2, 159. 6 2, 235. 2 2, 292. 1 2, 329. 8 2,396.5 2,455.8 1, 399. 2 1 ,431 .1 1, 407. 3 1,426.6 1,430.6 1, 422. 3 1, 433. ' 1,438.4

Gross national product

2, 105.. 2 2, 350. 2 2, 139. 5 2,214.5 2,272.9 2, 296. 4 2,381.9 2, 449. 5 1,385.1 1, 421. 0 1,395.1 1,414.6 1,418.4 1,404.1 1,426.1 1, 435. 2
22.3
14.5
6.4
33.4
14.1
12.2
12.3
7.1
3.2
20.6
19.1
10.2
12.0
18.1
20.0
18.4

Final sales
Change in business inventories

930 0 1 030.5

Durable goods. .
Final sales
Change in business inventories
Nondurable goods.
Final sales
Change in business inventories

.

983.8 1 011.8 1, 018. 1 1, 036. 0 1,056.2

639.5

652.9

641.8

657.3

658.6

647.3

651.3

654.5

920.8
20.0

963.2
20.6

992.7
19.1

984.6 1,021.5 1, 049. 9
14.5
33.4
6.4

625.4
14.1

642.8
10.2

629.6
12.2

645.3
12.0

646.3
12.3

629.1
18.1

644.2
7.1

651.3
3.2

380.4
366 5
13.9

Final sales
Change in business inventories

940.9

907.7 1, 012. 2
22.3
18.4

Goods

423.3
409 7
13.7

382.6
372.3
10.3

402.3
388.9
13.4

425.5
407.1
18.4

422.4
398.0
24.3

424.4
417.1
7.3

421.0
416.4
4.6

270.0
261.4
8.6

278.3
270.7
7.6

269.9
263.6
6.3

279.1
270.6
8.5

286.0
275.2
10.8

278.3
265.1
13.2

276.6
272.9
3.7

272.2
269.5
2.7

549.6
541.2
8.4

607.2
602 5
4.7

558.3
548.6
9.7

581.6
574.3
7.2

586.2
585.5
.7

595 7
586 6
9.1

611.6
604.4
7.2

635.2
633.4
1.8

369.4
364.0
5.5

374.7
372.1
2.6

372.0
366.0
5.9

378.2
374.7
3.5

372.6
371.2
1.4

369.0
364.1
4.9

374.7
371.3
3.4

382.4
381.8
.5

981.7 1,005.3 1, 041. 4 1, 064. 2 1,100.6 1,135.0
237.0 246.0 238.9
247.5 259.8 264.6

630.3
129.5

649.8
128.4

633.1
132.4

636.0
133.3

645.2
126.8

647.3
127.7

652.0
130.0

654.7
129.2

969.3 1,085.3
228.2 252.7

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
Nonfann
Nonfann less housing
Housing
Farm
Statistical discrepancy
Kesiduali

1,807.8 2,017.7 1,837.6 1,904.9 1,951.4 1,984.5 2,042.0 2,092.8 1, 197. 5 1, 227. 7 1,205.1 1, 223. 9 1, 226. 9 1, 219. 0 1,229.3 1,235.8
1,160.0 1, 190. 7 1, 169. 1 1, 188. 0 1, 193. 1 1, 184. 7 1, 189. 4 1, 195. 5
1,745.0 1,944.2 1,774.8 1,837.5 1,880.8 1, 915. 2 1,964.8
1,039.6 1,063.3 1,048.2 1,065.8 1,068.6 1, 058. 2 1,061.0 1,065.2
. . . 1,579.2 1,755.8 1,607.1 1,664.7 1,702.3 1, 731. 0 1, 773. 4
126.5
128.4 130.3
122.3 124.5
120.4
121.0
184.2
191.4
127A
172.9
178.6
199.7
167.7
165.8 188.5
33.4
35.1
35.3
33.2
34.9
34.2
70.6
68.9
33.6
63.3
34.7
70.0
68.3
58.9
59.5
69.5
-1.3
8.3
4.1
.6
3.9
3.3
4.0
-.8
5.0 25.0
.4
2.7
2.4
2.4
3.4

Rest of the world

77.2

70.3

72.1

74.8

75.8

77.9

80.4

43.6

45.0

43.9

44.1

44.4

44.7

45.4

45.7

248.4
77.0
171.4

231.0
71.5
159.4

237.0
74.8
162. -2

241.8
75.5
166.3

245.8
75.8
170.0

249.6
76.3
173.3

256.6
80.6
175.9

149.9
49.1
100.8

150.5
49.1
101.3

150.2
49.2
100.9

150.4
49.3
101.1

150.4
49.2
101.2

150.5
49.1
101.4

150.6
49.2
101.5

150.3
49.0
101.2

20.5

Government
Federal
State and local..

69.6
229.6
71.8
157.8

Households and institutions

p Preliminary.

2,127.6 2,368.5 2,159.6 2,235.2 2,292.1 2, 329. 8 2,396.5 2,455.8 1,399.2 1,431.1 1,407.3 1,426.6 1,430.6 1,422.3 1,433.3 1,438.4
2,107.0 2,343.3 2,138.9 2,213.9 2,267.9 2, 306. 1 2,369.5 2,429.7 1,391.1 1,423.2 1,399.2 1,418.4 1,421.7 1, 414. 2 1,425.3 1,431.7

25.2

20.7

21.2

24.2

23.7

26.9

26.1

8.1

7.9

8.1

8.1

8.9

8.1

8.0

6.7

See footnotes on p. 13.

HISTORICAL STATISTICS
The national income and product series 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. Summary national income and
product series in current and constant dollars and implicit price
deflators for 1947-79 are shown in the January 1980 issue of
the SURVEY.

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