View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CUEEENT BUSINESS

10

June 1980

NATIONAL INCOME AND PRODUCT TABLES
1978
1978

1979

1979

I

IV

II

1980

III

IV

I'

1978
1978

1979

I

IV

1979

Seasonally adjusted at annual rates

II

1980

III

IV

I'

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 2,520 8 1,399 2 1,431 6 1 426 6 1 436 6 1 422 3 1 433 3 1 440 3 444 7
1

Gross national product

1,350 8 1,509 8 1,415 4 1,454 2 1,475 9 1,528 6 1,580.4 1 629 5

Personal consumption expenditures
Durable goods..
Nondurable goods
Services

900 8

924 5

920 3

921 8

925 9

935 4

936 5

213.0
596.9
699.8

212.1
558.1
645.1

213.8
571.1
669.3

208.7
581.2
686.0

213.4
604.7
710.6

216.2
630.7
733.5

220.2
652 0
757.3

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 4
354 1
437 0

351.5

Gross private domestic investment

915 0

200.3
530.6
619.8

<

387.2

370.5

373.8

395.4

392.3

387.2

387.7

214.3

215.2

217.4

217.2

221.7

214 2

207 7

203.2

329.1

369.0

349.8

354.6

361.9

377.8

381.7

383.0

200.2

205.5

205.5

204 9

203.5

207.1

206 3

202.9

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

261.8
95.0
166.7

265.2
100.2
165.1

272.6
103.3
169.4

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

151.2
50.3
100.9

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

108.0
104.4

114.1
110.2

113.7
110.0

111 2
107.8

112.9
109.1

116.0
112.0

116.4
112.1

110.4
105. 9

60.1
57.7

56.7
54.3

60 0
57.6

57 7
55.6

56 7
54.4

56 5
54.0

55 8
53.2

51.7
49.1

22.3
21.3

18.2
16.5

20.6
19.3

19.1
18.8

33.4
32.6

14.5
12.6

5.6
2.1
3.5

4.7
4.4
.3

14.1
13.7

9.7
8.9
.9

12.0
11.5

12.3
12.1

18.1
17.7

7.1
6.1
1.0

1.4
—.4
1.8

.3
.2
.2

Fixed investment

Change in business inventories
Nonfarm
Farm.

1.8
1.9

-

1.1

1.9
2.0
1.7

1.9
1.9

1.3

1.5
1.9
.3

1.8
2.0

.8

2.0
2.0
1.9

2.3
2.1

—10.3

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

—4 5

4.0

-8.1

2.3

257.5
262.1

224.9
229.4

238.5
234.4

243.7
251.9

267.3
269.5

280.4
292.4

435.6

476.4

453.8

460.1

466.6

477.8

152.6
99.0
53.6
283.0

Exports
Imports

—4 6

207.2
217.5

Net exports of goods and services

166.6
108.3
58.4
309.8

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

2.3
2.2

1.0
1.4

.3

.9
1.4

1.0
1.4

.5

.8
1.4
.2

.9
1.4
.4

1.0
1.4

1.1
1.5

1.1
1.5

-13.6

11.0

17.6

12.9

17.0

13.2

20.1

20 1

25.0

308.1
321.7

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

131.7
106.7

501.2

517.2

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
331.0

98.6

99.4

99.3

101.1

98.1

97.4

101.1

104.3

174.6

174.9

176.6

173.6

174.3

175.6

176.0

175.7

-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 2,235.2 2,292.1 2,329.8 2,3%. 5 2,456.9 2,520.8 1,399.2 1,431.6 1,426.6 1,430.6 1,422.3 1,433.3 1,440.31,444.7

Gross national product.

2,105.2 2,350.6 2,214.5 2,272.9 2,296.4 2,381.9 2,451.4 2,516.1 1,385.1 1,421.9 1,414.6 1,418.4 1,404.1 1,426.2 1,439.0 1, 444.4
.3
18.1
1.4
7.1
4.7
14.1
12.3
22.3
9.7
12.0
18.2
33.4
14.5
5.6
20.6
19.1

Final sales
Change in business inventories.

659.7

930.0 1,030.5

983.8 1,011.8 1,018.1 1,036.0 1,056.3 1,086.2

639.5

653.1

657.3

647.3

651.3

655.1

907.7 1,012.4
22.3
18.2

963.2
20.6

992.7
19.1

984.6 1,021.5 1,050.7 1,081.5
4.7
14.5
5.6
33.4

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

Durable goods
Final sales
_
Change in business inventories.

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

421.5
430.8
-9.3

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

271.0
274.6
-3.6

Nondurable goods
Final sales
__
Change in business inventories.

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

664.8
650.7
14.0

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

383.7
384.8
3.9

969.3 1,085.1 1,005.3 1,041.4 1,064.2 1,100.6 1,134.0 1,169.5
265.1
228.2 253.2 246.0 238.9 247.5
266.6
259.8

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

658.1
126.9

Goods..
Final sales
Change in business inventories.

Services...,
Structures..

Table 3.—-Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
2, 127. 6 2,368 8 2,235 2 2,292 1 2,329.8 2, 396. 5 2, 456. 9 2 520.8 1, 399. 2 1,431.6 1, 426. 6 1,430.6 1,422.3 1,433.3 1,440.3 1,444.7

Gross national product

2, 107. 0 2,343.5 2,213.9 2, 267. 9 2,306.1 2,369.5 2,430.6 2, 492. 0 1,391.1 1,423.8 1,418.4 1,421.7 1,414.2 1,425.3 1,433.8 1,438.7

Gross domestic product
Business
Nonfarm.
Nonfarm less housing
Housing
_
Farm
Statistical discrepancy
Residual *
Households and institutions
GovftrniTfi fint
Federal
State and local .

.
. .

Rest of the world

r

1 807.8 2, 017. 9 1 904.9 1 951.4 1 984.5 2, 042. 0 2 093.6 2, 147. 5 1, 197. 5 1, 228. 3 1, 223. 9 1, 226. 9 1, 219. 0 1, 229. 3 1, 237. 9 1, 242. 0
1, 745. 0 1,944.0 1, 837. 5 1,880.8 1, 915. 2 1, 964. 8 2, 015. 2 2,068.9 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. 9 1 039.6 1,063.8 1, 065. 8 1,068.6 1, 058. 2 1, 061. 0 1,067.4 1,067.5
130.3 132.3
128.4
126.5
206.1
122.3
124.5
127.4
184.2
120.4
165.8
172.9
178.6
191.4
199.4
188.4
35.9
34.9
35.9
70 6
67.6
35.1
33.2
33.4
34.2
70 2
34.8
59 5
63 3
71 1
70 0
68 9
5
11.0
37
33
41
13
72
83
.4
6.3
4.3
5.0
.8
2.7
2.2
34
46.2
45.7
45.4
44.7
44.4
83.3
44.1
69.6
77.2
45.0
72.1
43.6
75.8
77.9
80.4
74.8
229.6
71.8
157.8

248.4
77.0
171.4

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

261.3
81.2
180.1

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
49.2
101.4

20.5

25.3

21.2

24.2

23.7

26.9

26.4

28.8

8.1

7.9

8.1

8.9

8.1

8.0

6.5

6.0

6/80

Revised. See footnotes on p. 11.

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 address inside fron 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