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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 Gross private domestic investment. _ ___ 921 8 915.0 925 9> 935 4 152.1 351 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 1.8 212.1 558.1 645.1 213.8 571 1 669.3 208.7 581.2 686.0 213.4 604.7 710.6 . .„ 351.5 387.2 356.2 370.5 373.8 395.4 329.1 369.0 336.1 349.8 354.6 361.9 221.1 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 18.2 16.5 1.7 20.0 18.5 '1.6 20.6 19.3 1.3 _. Net exports of goods and services. _ . Government purchases of goods and services __ 920 3 147.5 344 7 413 1 203.5 536 7 629.1 Change in business inventories Nonfann_ . Farm Federal National defense Non defense State and local 905 3 147.1 349 1 428.3 213.0 596.9 699.8 Residential _ Nonfann structures Farm structures Producers' durable equipment Exports Imports 924 5 146.7 343 3 410 8 200.3 530 6 619.8 Fixed investment Nonresidential _. Structures Producers' durable equipment 900 8 216.2 630 7 733.5 _ . _ —10.3 -4.6 -6.8 -4.5 4.0 -8.1 -2.3 11.0 17.6 13.3 12.9 17.0 13.2 20.1 20.1 207.2 217.5 257.5 262.1 213.8 220.6 224.9 229.4 238.5 234.4 243.7 251.9 267.3 269.5 280.4 292.4 108.9 97.9 119.9 102.3 111.9 98.5 113.8 101.0 117.0 100.0 116.0 102.9 122.2 102.1 124.3 104.1 435.6 476.4 440.9 453.8 460.1 466.6 477.8 501.2 273.2 274.3 274.7 276.0 274.7 272.4 273.1 277.1 152.3 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. _ Ptatislicpl1 discrepancy Residual Households and institutions Government Federal State and local Pest of the world r Be vised. 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 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 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.