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SUEVEY OF CURRENT BUSINESS

8

March 1980

NATIONAL INCOME AND PRODUCT TABLES
1978

1978

1979 r

IV

III

1978

1979

I

II

III

IV r

1978

1979 r

IV

III

Seasonally adjusted at annual rates

1979

I

II

III

IV ••

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

2, 127. 6 2,368.8 2,159.6 2,235.2 2,292.1 2, 329. 8 2,396.5 2,456.9 1,399.2 1,431.6 1,407.3 1,426.6 1,430.6 1, 422. 3 1,433.3 1,440.3

_

, 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
Durable goods
Nondurable goods
Services

924 5

905 3

920 3

921 8

915.0

925 9>

935 4

146.7
343 3
410 8

147.1
349 1
428.3

147.5
344 7
413 1

152.1
351 9
416 3

150.2
348 1
423 5

144.8
344.1
426.1

146.9
349 2
429.9

146.7
355 1
433 6

392.3

387.2

214.3

215.2

214.0

217.4

217.2

221.7

214.2

207.7

377.8

381.7

200.2

205.5

201.8

205.5

204.9

203.5

207.1

206.3

249.1
90.5
158.6

261.8
95.0
166.7

265.2
100.2
165.1

140.1
43.9
96.2

148.8
48.1
100.7

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

150.5
50.1
100.4

111.2
107.8
1.5
1.9

112.9
109.1
1.8
2.0

116.0
112.0
2.0
2.0

116.4
112.1
2.3
2.1

60.1
57.7
1.0
1.4

56.7
54.3
.9
1.4

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

56.5
54.0
1.0
1.4

55.8
53.2
1.1
1.5

19.1
18.8
.3

33.4
32.6
.8

14.5
12.6
1.9

5.6
2.1
3.5

14.1
13.7
.3

9.7
8.9
.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

1.4
-.4
1.8

213.0
596.9
699.8

203.5
536 7
629.1

212.1
558.1
645.1

213.8
571 1
669.3

208.7
581.2
686.0

213.4
604.7
710.6

. .„

351.5

387.2

356.2

370.5

373.8

395.4

369.0

336.1

349.8

354.6

361.9

221.1
76.5
144.6

254.9
92.6
162.2

225.9
79.7
146.3

236.1
84.4
151.8

243.4
84.9
158.5

108.0
104.4
1.8
1.9

114.1
110.2
1.9
2.0

110.2
106.4
1.9
1.9

113.7
110.0
1.9
1.9

22.3
21.3
1.1

___

200.3
530 6
619.8

329.1

Gross private domestic investment. _

18.2
16.5
1.7

20.0
18.5
'1.6

20.6
19.3
1.3

Fixed investment
Nonresidential
_.
Structures
Producers' durable equipment

_.

Residential
_
Nonfann structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfann_
.
Farm

—10.3

Government purchases of goods and services
Federal
National defense
Non defense
State and local

__

_

-6.8

-4.5

4.0

-8.1

-2.3

11.0

17.6

13.3

12.9

17.0

13.2

20.1

20.1

257.5
262.1

213.8
220.6

224.9
229.4

238.5
234.4

243.7
251.9

267.3
269.5

280.4
292.4

108.9
97.9

119.9
102.3

111.9
98.5

113.8
101.0

117.0
100.0

116.0
102.9

122.2
102.1

124.3
104.1

435.6

.

-4.6

207.2
217.5

Net exports of goods and services. _
Exports
Imports

900 8

216.2
630 7
733.5

_ .

476.4

440.9

453.8

460.1

466.6

477.8

501.2

273.2

274.3

274.7

276.0

274.7

272.4

273.1

277.1

152.3
99 0
53 3
288.6

159.0
101 2
57.8
294.8

1P3.6
103.4
60.2
296.5

161.7
106.0
55.7
304.9

162.9
109.0
53.9
314.9

178.4
114.6
63.8
322.8

98.6

99.4

98.5

99.3

101.1

98.1

97.4

101.1

174.6

174.9

176.2

176.6

173.6

174.3

175.6

176.0

152.6
99 0
53 6
283.0

166.6
108 3
58 4
309.8

-11.9

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
•—
2, 127. 6 2, 368. 8 2, 159. 6 2,235.2 2,292.1 2, 329. 8 2,396.5 2,456.9 1, 399. 2 1,431.6 1, 407. 3 1,426.6 1,430.6 1, 422. 3 1,433.3 1,440.3

Gross national product

2 105.2 2 350. 6 2, 139. 5 2, 214. 5 2, 272. 9 2, 296. 4 2, 381. 9 2, 451. 4 1,385.1 1, 421. 9 1, 395. 1 1,414.6 1, 418. 4 1, 404. 1 1,426.2 1,439.0
1.4
7.1
12.3
33.4
14.1
12.2
18.1
14.5
20.6
19.1
12.0
5.6
9.7
20.0
22.3
18.2

Final sales
Change in business inventories .

930.0 1,030.5

940.9

983.8 1,011.8 1, 018. 1 1,036.0 1,056.3

639.5

653.1

641.8

657.3

658.6

647.3

651.3

655.1

907.7 1, 012. 4
18.2
22.3

920.8
20.0

963.2
20.6

992.7
19.1

984.6 1,021.5 1,050.7
33.4
14.5
5.6

625.4
14.1

643.4
9.7

629.6
12.2

645.3
12.0

646.3
12.3

629.1
18.1

644.2
7.1

653.7
1.4

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

380.4
366.5
13.9

423.1
410.2
13.0

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

420.2
418.4
1.8

270.0
261.4
8.6

278.3
271.3
7.0

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

272.4
272.0
.4

Nondurable goods
Final sales
.
Change in business inventories

549.6
541.2
8.4

607.4
602.2
5.2

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

636.1
632.3
3.8

369.4
364.0
5.5

374.8
372.1
2.7

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

382.7
381.7
1.0

981.7 1,005.3 1,041.4 1,064.2 1,100.6 1,134.0
237.0
246.0
259.8
247.5
238.9
266.6

630.3
129.5

649.7
128.8

633.1
132.4

636.0
133.3

645.2
126.8

647.3
127.7

652.0
130.0

654.4
130.8

Goods

_

Final sales
_
Change in business inventories

Services
Structures

_

_

.

969.3 1,085.1
253.2
228.2

TableS.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product
Business
Nonfarm
Nonform less housing.
Fousing
Farm.
_
Ptatislicpl discrepancy
Residual1

Government
Federal
State and local
Pest of the world
Be vised.

2, 107. 0 2 343 5 2, 138. 9 2, 213. 9 2, 267. 9 2, 306. 1 2, 369. 5 2,430 6 1, 391. 1 1, 423. 8 1, 399. 2 1, 418. 4 1,421.7 1,414.2 1,425.3 1,433.8
1, 807. 8 2, 017. 9 1,837.6 1,904.9 1, 951. 4 1,984.5 2, 042. 0 2, 093. 6 1, 197. 5 1, 228. 3 1,205.1 1,223.9 1,226.9 1, 219. 0 1,229.3 1, 237. 0
1 745 0 1 944 8 1 774 8 1 837.5 1, 880. 8 1, 915. 2 1, 964. 8 2 018 4 1 160 0 1 191 7 1, 169. 1 1, 188. 0 1, 193. 1 1, 184. 7 1,189.4 1, 199, 7
1 579 2 1 756 4 1 607.1 1 664.7 1, 702. 3 1, 731. 0 1, 773. 4 1 819 0 1 039.6 1 064.3 1, 048. 2 1,065.8 1,068.6 1, 058. 2 1,061.0 1, 069. 3
128.4
126.5
130.3
124.5
122.3
184.2
178.6
191.4
120.4
127.4
121.0
172.9
165. 8
167.7
199 4
188 4
34.9
35.1
35.9
33.4
70.6
33.2
33.6
58.9
63.3
68.9
34.2
59.5
70.0
34.8
70 2
71.1
6
—1.3
41
39
83
33
40
29
5.0
2.4
-.8
.4
2.7
2.4
3.4
1.7

69.6

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

229 6
71.8
157.8

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

Households and institutions

r

2, 127. 6 2,368.8 2, 159. 6 2, 235. 2 2, 292. 1 2, 329. 8 2, 396. 5 2, 456. 9 1, 399. 2 1, 431. 6 1,407.3 1, 426. 6 1,430.6 1, 422. 3 1,433.3 1,440.3

25 3

20 7

21 2

24.2

23 7

26 9

26 4

81

7 9

8.1

8.1

8.9

8.1

8.0

6.5

See footnotes on p. 9.

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