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SURVEY OF CURRENT BUSINESS

May 1980

NATIONAL INCOME AND PRODUCT TABLES
1978
1978

1979

IV

1980

1979
I

II

III

IV

Ir

1978
1978

1979

1979

IV

I

Seasonally adjusted at annual rates

II

1980
III

IV

Ir

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)
2,127.6 2,368.8 2,235.2 2,292.1 2,329. 8 2,396.5 2,456.9 2,516.1 1,399.2 1,431.6 1,426.6 1,430.6 1,422. 3 1,433.3 1,440.3 1,442.6

Gross national product
Personal consumption expenditures

1,350.8 1,509.8 1,415.4 1,454.2 1, 475. 9 1,528.6 1,580.4 1,628.7

__

900.8

924.5

920.3

921.8

915.0

925.9

935.4

936.0

216.2
630.7
733.5

220.4
650.6
757.8

146.7
343.3
410.8

147.1
349.1
428.3

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

145 5
353.0
437.6

392.3

387.2

384.0

214.3

215.2

211A

217.2

221.7

214.2

207.7

202.2

377.8

381.7

383.9

200.2

205.5

205.5

204.9

203.5

207.1

206.3

204.1

261.8
95.0
166.7

265.2
100.2
165.1

273.3
103.1
170.2

140.1
43.9
96.2

148.8
48.1
100.7

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

152.1
50 5
101.6

112.9
109.1
1.8
2.0

116.0
112.0
2.0
2.0

116.4
112.1
2.3
2.1

110.5
106.2
2.2
2.2

60.1
57.7
1.0
1.4

56.7
54.3
.9
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

52.0
49.4
1.0
1.5

33.4
32.6

14.5
12.6

14.1
13.7

9.7

12.0
11.5

12.3
12.1

18.1
17.7

7.1

1.4

.2

.4

6.1
1.0

-.4
1.8

—1.9
-2.0

.5

208.7
581.2
686.0

200.3
530.6
619.8

213.0
596.9
699.8

212.1
558.1
645.1

213.8
571.1
669.3

351.5

387.2

370.5

373.8

395.4

329.1

369.0

349.8

354.6

361.9

Nonresidential
_____
_
Structures
Producers' durable equipment

221.1
76.5
144.6

254.9
92.6
162.2

236.1
84.4
151.8

243.4
84.9
158.5

249.1
90.5
158.6

Residential
Nonfann structures
Farm structures
Producers' durable equipment

108.0
104.4
1.8
1.9
22.3
21.3

114.1
110.2
1.9
2.0

113.7
110.0
1.9
1.9

111.2
107.8
1.5
1.9

18.2
16.5

20.6
19.3

19.1
18.8

1.1

1.7

1.3

.3

.8

-10.3

-4.6

-4.5

4.0

207.2
217.5

257.5
262.1

224.9
229.4

435.6

476.4

453.8

Durable goods
Nondurable goods
Services

_.

Gross private domestic investment
Fixed investment

__ _ _ _ _ _ _ _

Change in business inventories
N on farm
Farm
Net exports of goods and services

Exports
Imports _ _

. _

Government purchases of goods and services

Federal _
National defense
Nondefense
State and local

152.6
99 0
53 6
283.0

_

166.6
108 3
58.4
309.8

159.0
101 2
57 8
294.8

213.4
604.7
710.6

5.6

.1

1.9

2.1
3.5

-.1
.3

-8.1

-2.3

-11.9

238.5
234.4

243.7
251.9

267.3
269.5

460.1

466.6

477.8

1P3.6
103.4
60.2
296.5

161.7
106.0
55.7
304.9

162.9
109.0
53.9
314.9

.3

8.9
.9

-14.0

11.0

17.6

12.9

17.0

13.2

20.1

20.1

24.3

280.4
292.4

304.2
318.2

108.9
97.9

119.9
102.3

113.8
101.0

117.0
100.0

116.0
102.9

122.2
102.1

124.3
104.1

130.0
105.6

501.2

517.4

273.2

274.3

276.0

274.7

272.4

273.1

277.1

280.0

178.4
114.6
63.8
322.8

186.2
119.6
66.6
331.2

98.1

97.4

101.1

104.3

174.3

175.6

176.0

175.7

98.6

99.4

99.3

101.1

174.6

174.9

176.6

173.6

.2

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 2,235.2 2,292.1 2,329. 8 2,396.5 2,456.9 2,516.1 1,399.2 1,431.6 1,426.6 1,430.6 1,422.3 1,433.3 1,440.3 1,442.6

Gross national product .

Final sales
Change in business inventories
Goods
.
...

.
_. _

Final sales.
Change in business inventories.
Durable goods
Final sales
Change in business inventories..
Nondurable goods. _. Final sales
Change in business inventories
Services _
Structures

. . . _.

2,105.2 2,350. 6 2,214.5 2,272.9 2,296. 4 2,381.9 2,451.4 2,516.0 1,385.1 1,421. 9 1,414.6 1,418.4 1,404.1 1,426.2 1,439.0 1,444.5
14.1
12.3
33.4
5.6
18.1
7.1
1.4
19.1
14.5
9.7
12.0
-1.9
20.6
22.3
18.2
.1
983.8 1,011.8 1,018.1 1,036.0 1,056.3 1,082.5

639.5

653.1

657.3

658.6

647.3

651.3

655.1

657.2

907.7 1,012.4
22.3
18.2

... .

930.0 1,030.5

963.2
20.6

992.7
19.1

984. 6 1,021.5 1,050.7 I 082.3
33.4
14.5
5.6
.1

625.4
14.1

643.4
9.7

645.3
12.0

646.3
12.3

629.1
18.1

644.2
7.1

653.7
1.4

659.1
-1.9

380.4
366.5
13.9

423.1
410 2
13.0

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

420.1
434 3
-14.3

270.0
261.4
8.6

278.3
271.3
7.0

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

270.0
276.0
-6.0

549.6
541 2
8.4

607.4
602 2
5.2

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

662.4
648 0
14.4

369.4
364.0
5.5

374.8
372.1
2.7

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

387.3
383.1

969 3 1 085 1 1,005.3 1,041. 4 1 064 2 1 100.6 1,134.0 1,168.2
238.9
256.4
266.6
247.5 259.8
228.2
253.2 246.0

630.3
129.5

649.7
128.8

636.0
133.3

645.2
126.8

647.3
127.7

652.0
130.0

654.4
130.8

657.8
127.5

4.1

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 housingHousing
Farm
Statistical discrepancy. _.
Residual!
Households and institutionsGovernment
Federal
State and local _
Rest of the world.

127.6 2,368.8 2,235.2 2,292.1 2,329. 8 2,396.5 2,456.9 2,516.1 1,399.2 1,431.6 1,426.6 1,430.6 1,422.3 1,433.3 1,440.3 1,442.6
2,107.0 2,343.5 2,213.9 2,267.9 2, 306.1 2,369.5 2,430.6 2,488.6 , 391.1 1,423.8 1,418.4 1,421.7 1,414. 2 1,425.3 1,433.8 1,437.1
1,807.8 2,017.9 1,904.9 1,951.4 1,984.5 2,042.0 2, 093. 6 2.144.1 1.197.5 1,228. 3 1,223.9 1,226.9 1,219.0 1,229.3 1,237.9 1,240.4
,745.0 1,944.0 1,837.5 1,880.8 1,915. 2 1,964.8 2,015.2 2,068. 3 1,160.0 1,191.2 1,188.0 1,193.1 1,184. 7 1,189.4 1,197.8 1,199.8
1,579.2 1,755.6 1,664.7 1,702.3 1,731.0 1,773.4 1,815.8 1.862.2 1.039.6 1,063.8 1,065.8 1,068.6 1,058. 2 1,061.0 1,067.4 1,067.5
184.2
120.4
132.3
126.5
128.4
130.3
206.1
122.3 124.5
172.9
127.4
165.8
188.4
178.6
191.4
199.4
7a 6
34.2
35.4
35.1
34.9
33.4
35.9
33.2
€6.8
£3.3
58.5
70.2
34.8
70.0
£&d
71.1
-1.3
9.0
4.1
3.3
8.3
7.2
4.3
-.8
5.2
.4
5.0
3.4
2.2
2.7
77.2

229.6
71.8
157.8

248.4
77.0
171.4

20.5

25.3

74.8

75.8

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

261.3
81.2
180.1

21.2

24.2

23.7

26.9

26.4

27.5

72.1

77.9

80.4

83.3

45.0

44.1

44.4

44.7

45.4

45.7

46.2

149.9
49.1
100.8

150.5
49.1
101.3

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

150.5
49.1
101.4

8.1

7.9

8.1

8.1

8.0

6.5

5.5

43.6

r Revised, gee footnotes on p. 6.

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