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SUKVEY OF CUKKENT BUSINESS

12

July 1980

NATIONAL INCOME AND PRODUCT TABLES
1979
1978

1979

I

II

1979

1980

m

IV

I

II"

I

1979

1978

II

1980
III

I

IV

II »

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

Billions of 1972 dollars

Billions of current dollars

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

2,127.6 2,368.8 2,292.1 2.329.8 2.396.5 2,456.9 2,520.8 2,523.4 1,399.2 1,431.6 1.430.6 1.422.3 1.433.3 1,440.3 1,444.7 1,410.8

PeraftTOtl consumption expenditures

1,360.8 1.509.8 1.454.2 1.475.9 1,528.6 1,580.4 1,629.5 1,628.2

Durable goods
Nondurable goods
Services

200.3 213.0
JgO.6 596.9
1 o!9.tf —-69975

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

197.0
654.4
776.8

900.8

924.5

921.8

915.0

925.9

935.4

936.5

913.6

146.7
343.3
410.8

147.1
349.1
428.3

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

128.3
349.1
436.3

351.5

387.2

373.8

395.4

392.3

387.2

387.7

366.9

214.3

215.2

217.2

221.7

214.2

207.7

203.2

187.3

329.1

369.0

354.6

361.9

377.8

381.7

383.0

355.2

200.2

205.5

204.9

203.5

207.1

206.3

202.9

185.0

Nonresidential
Structures
Producers' durable equipment

221.1
76.5
144.6

254.9
92.6
162.2

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

265.9
102.7
163.2

140.1
43.9
96.2

148.8
48.1
100.7

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

143.9
48.6
95.3

Residential
Nonfarm structures..
Farm structures
Producers' durable equipment

108.0
104.4
L8
1.9

114.1
110.2
1.9
2.0

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

110.4
105.9
2.3
2.2

89.3
85.7
1.8
1.9

60.1
57.7
1.0
1.4

56.7
54.3
.9
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

51.7
49.1
1.1
1.5

41.1
39.0
.8
1.3

Change in business inventories
Nonfarm
_ _
Farm.

22.3
21.3
1.1

18.2
16.5
1.7

19.1
18.8
.3

33.4
32.6
.8

14.5
12.6
1.9

4.7
4.4
.3

11.7
12.4
-.7

14.1
13.7
.3

9.7
8.9
.9

12.3
12.1
.2

18.1
17.7
.4

7.1
6.1
1.0

1.4
-.4
1.8

3
.2
.2

2.3
2.7
-.4

Gross private domestic investment

-

Fixed investment

10 3

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

4.0

-8.1

-2.3

-13.6

1.3

11.0

17.6

17.0

13.2

20.1

20.1

25.0

29.3

257.5
262.1

238.5
234.4

243.7
251.9

267.3
269.5

280.4
292.4

306.1
321.7

307.3
306.0

108.9
97.9

119.9
102.3

117.0
100.0

116.0
102.9

122.2
102.1

124.3
104.1

131.7
106.7

128.7
99.4

435.6

476.4

460.1

466.6

477.8

501.2

517.2

527.0

273.2

274.3

274.7

272.4

273.1

277.1

280.0

280.6

152.6
99.0
53.6
283.0

Exports
Imports. _ _

-4.6

207.2
217.5

Net exports of goods and services

5.6
2.1
3.5
II 9

166.6
108.3
58.4
309.8

163.6
103.4
60.2
296.5

161.7
106.0
55.7
304.9

162.9
109.0
53.9
314.9

178.4
114.6
63.8
322.8

186.2
119.6
66.6
331.0

192.5
123.6
68.9
334.5

98.6

99.4

101.1

98.1

97.4

101.1

104.3

106.6

174,6

174.9

173.6

175.6

176.0

175.7

174.0

174.3

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 2,292.1 2.329.8 2,396.5 2,456.9 2,520.8 2,523.4 1,399.2 1,431.6 1.430.6 1.422.3 1.433.3 1,440.3 1.444.7 1.410.8
2,105.2 2,350.6 2,272.9 2,296.4 2,381.9 2,451.4 2,516.1 2,511.7 1,385.1 1,421.9 1,418.4 1,404.1 1,426.2 1,439.0 1,444.4 1,408.5
.3
2.3
1.4
18.1
7.1
12.3
11.7
14.1
9.7
4.7
22.3
33.4
18.2
14.5
5.6
19.1

Gross national product
Final sales... .
Change in business inventories .

658.6

647.3

651.3

655.1

659.7

637.9

984.6 1,021.5 1,050.7 1,081.5 1,069.1
11.7
14.5
4.7
5.6
33.4

625.4
14.1

643.4
9.7

646.3
12.3

629.1
18.1

644.2
7.1

653.7
1,4

659.4
3

635.5
2.3

423.1
410.2
13.0

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

416.3
408.0
8.3

270.0
261.4
8.6

278.3
271.3
7.0

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

255.8
252.8
3.0

549.6
541.2
8.4

607.4
602.2
5.2

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

664.5
661.1
3.4

369.4
364.0
5.5

374.8
372.1
2.7

372.6
371.2
1.4

369.0
364.1
4.9

374.7
371.3
3.4

382.7
381.7
1.0

388.7
384.8
3.9

382.0
382.7
-.7

630.3
129.5

649.7
128.8

645.2
126.8

647.3
127.7

652.0
130.0

654.4
130.8

658.1
126.9

660.0
112.9

930.0 1,030.5 1.011.8 1.018.1 1,036.0 1,056.3 1,086.2 1,080.8

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

653.1

992.7
19.1

380.4
366.5
13.9

_

639.5

907.7 1,012.4
22.3
18.2

969.3 1,085.1 1.041.4 1.064.2 1,100.6 1,134.0 1,169.5 1,201.3
241.3
265.1
228.2 253.2 238.9 247.5 259.8 266.6

Goods

.

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
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Kesidual '
Households and institutions

1,807.8 2,017.9 1,951.4 1,984.5 2,042.0 2,093.6 2,147.5 2,140.6 1,197.5 1,228.3 1,226.9 1,219.0 1,229.3 1,237.9 1,242.0 1,206.3
1,745.0 1,944.0 1,880.8 1,915.2 1,964.8 2,015.2 2,068.9
1,160.0 1,191.2 1, 193. 1 1,184.7 1,189.4 1,197.8 1,199.8 1,164.3
1,579.2 1,755.6 1,702.3 1,731.0 1,773,4 1,815.8 1,862.9
1,039.6 1,063.8 1,068.6 1,058.2 1,061.0 1,067.4 1,067.5 1,030.0
132.3 134.3
130.3
128.4
206.1
124.5
126.5
127.4
213.0
188.4
178.6
199.4
120.4
165.8
184.2
191.4
35.7
35.9
35.9
34.9
33.4
35.1
67.6
34.8
62.3
59.5
70.2
34.2
70.6
70.0
68.9
71.1
11.0
3.3
7.2
3.7
.6
8.3
-1.3
6.3 26.3
4.3
5.0
.4
2.2
<-.8
3.4
46.2
46.2
45.7
45.4
44.4
83.3
44.7
85.0
45.0
69.6
77.2
80.4
43.6
77.9
74.8
75.8
229.6
71.8
157.8

Rest of the world

248.4
77.0
171.4

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

266.0
82.2
183.8

149.9
49.1
100.8

150.5
49.1
101.3

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

151.3
49.7
101.5

20.5

Government
Federal
State and local

y Preliminary.

2,127.6 2,368.8 2,292.1 2,329.8 2,396.5 2.456.9 2,520.8 2,523.4 1,399.2 1,431.6 1,430.6 1,422.3 1,433.3 1.440.3 1,444.7 1,410.8
2,107.0 2,343.5 2,267.9 2,306.1 2,369.5 2,430.6 2,492.0 2,491.6 1,391.1 1,423.8 1,421.7 1,414.2 1,425.3 1,433.8 1,438.7 1,403.7

25.3

24.2

23.7

26.9

26.4

28.8

31.8

8.1

7.9

8.9

8.1

8.0

6.5

6,0

7.1
6/80

See footnotes on p. 13.

HISTORICAL STATISTICS
The national income and product series for 1929-72 are in The
Nationallncome 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