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SURVEY OF CURRENT BUSINESS

August 1980

NATIONAL INCOME AND PRODUCT TABLES
1980

1979
1978

1979

I

II

III

IV

I

1979
II r

1978

1979

Seasonally adjusted at annual rates

I

II

1980
III

IV

I

II '

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 national product

2,127.6 2,368.8 2,292.1 2,329.8 2,396.5 2,456.9 2,520.8 2,524.6 1,399.2 1,431.6 1,430.6 1,422.3 1,433.3 1,440.3 1,444.7 1,410.9

. _

1,350.8 1,509.8 1,454.2 1,475.9 1,528.6 1,580.4 1,629.5 1,628.6

Personal consumption expenditures
Durable goods
Nondurable goods
Services

_

_ _

_ _

200.3
530.6
619.8

213.0
596.9
699.8

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

195.7
654.8
778.0

900.8

924.5

921.8

915.0

925.9

935.4

936.5

912.6

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

127.4
349.1
436.1

351.5

387.2

373.8

395.4

392.3

387.2

387.7

370.3

214.3

215.2

217.2

221.7

214.2

207.7

203.2

189.0

329.1

369.0

354.6

361.9

377.8

381.7

383.0

356.7

200.2

205.5

204.9

203.5

207.1

206.3

202.9

185.7

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

267.7
103.8
163.9

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

145. 0
49.1
95. 9

Residential
Nonfarm structures.. __
Farm structures
Producers' durable equipment

108.0
104.4
1.8
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

89.0
85.3
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

40.7
38.6
.8
1.3

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

5.6
2.1
3.5

4.7
4.4
.3

13.6
14.2
-.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

3.3
3.7
-.4

Gross private domestic investment _
Fixed investment

Change in business inventories
Nonfarm
Farm.
_ _

Exports
Imports
Government purchases of goods and services
Federal
National defense
Nondefense_
State and local

__ _

-10.3

-4.6

4.0

-8.1

-2.3

-11.9

-13.6

-2.5

11.0

17.6

17.0

13.2

20.1

20.1

25.0

28.1

207.2
217.5

Net exports of goods and services

257.5
262.1

238.5
234.4

243.7
251.9

267.3
269.5

280.4
292.4

308.1
321.7

307.1
309.7

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

128.4
100.4

435.6

476.4

460.1

466.6

477.8

501.2

517.2

528.3

273.2

274.3

274.7

272.4

273.1

277.1

280.0

281.3

152.6
99.0
53.6
283.0

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

193.3
124.1
69.2
335.0

98.6

99.4

101.1

98.1

97.4

101.1

104.3

106.9

174.6

174.9

173.6

174.3

175.6

176.0

175.7

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 2,524.6 1,399.2 1,431.6 1,430.6 1,422.3 1,433.3 1,440.3 1,444.7 1,410.9

Gross national product

2, 105. 2 2, 350. 6 2, 272. 9 2,296.4 2, 381. 9 2, 451. 4 2, 516. 1 2,511.0 1, 385. 1 1,421.9 1,418.4 1, 404. 1 1,426.2 1,439.0 1, 444. 4 1, 407. 6
.3
4.7
12.3
18.1
1.4
22.3
33.4
14.5
5.6
14.1
7.1
3.3
19.1
9.7
13.6
18.2
647.3 651.3
930.0 1,030.5 1,011.8 1,018.1 1,036.0 1,056.3 1,086.2 1,082.1 639.5 653.1 658.6
655.1 659.7 638.8

Final sales
Change in business inventories
Goods

.

_

Final sales
Change in business inventories

646.3
12.3

629.1
18.1

644.2
7.1

653.7
1.4

659.4
.3

635. 4
3.3

270.0
261.4
8.6

643.4
9.7
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

256. 5
252.6
3.9

662.9
659.6
3.3

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

382.3
382. 9
-.6

969.3 1,085.1 1,041.4 1,064.2 1,100.6 1,134.0 1, 169. 5 1,200.5
241.9
228.2 253.2
266.6
265.1
238.9
247.5 259.8

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

659.1
113.0

907.7 1, 012. 4
22.3
18.2

992.7
19.1

984.6 1,021.5 1,050.7 1,081.5 1, 068. 6
4.7
33.4
14.5
5.6
13.6

625.4
14.1

Durable goods
Final sales _
Change in business inventories

380.4
366.5
13.9

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

419.2
409.0
10.3

Nondurable goods. _
Final sales
Change in business inventories

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

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 .
Government
Federal-State and local . . .
Rest of the world
r

2,127.6 2,368.8 2, 292. 1 2,329.8 2,396.5 2,456.9 2, 520. 8 2, 524. 6 1,399.2 1,431.6 1,430.6 1,422.3 1,433.3 1, 440. 3 1,444.7 1,410.9
2, 107. 0 2,343.5 2, 267. 9 2, 306. 1 2, 369. 5 2,430.6 2,492.0 2,495.8 1,391.1 1,423.8 1,421.7 1,414.2 1,425.3 1,433.8 1,438.7 1, 404. 9
1, 807. 8 2, 017. 9 1, 951. 4 1, 984. 5 2, 042. 0 2, 093. 6 2, 147. 5 2, 144. 2 1, 197. 5 1, 228. 3 1, 226. 9 1,219.0 1, 229. 3 1, 237. 9 1,242.0 1, 207. 2
1, 745. 0 1, 944. 0 1, 880. 8 1, 915. 2 1, 964. 8 2, 015. 2 2,068.9 2,075.8 1, 160. 0 1, 191. 2 1, 193. 1 1, 184. 7 1, 189. 4 1, 197. 8 1, 199. 8 1,168.2
_ 1, 579. 2 1, 755. 6 1, 702. 3 1, 731. 0 1, 773. 4 1, 815. 8 1,862.9 1, 862. 5 1, 039. 6 1, 063. 8 1, 068. 6 1, 058. 2 1, 061. 0 1, 067. 4 1,067.5 1, 033. 9
_
206.1
130.3 132.3 134.2
124.5
199.4
191.4
128.4
165.8
188.4
178.6
120.4
126.5
184.2
127.4
213.3
35.9
35. (i
67.6
35.9
33.4
71.1
68.9
59 5
70.2
70.0
34.2
34.9
35.1
70.6
34.8
62.3
11.0
7.2
8.3
3.7
.6
3.3
-1.3
6.1
4.3
6.3
3.5
2.2
.4
5.0
-.8
3.4
69.6

77.2

74.8

75.8

77.9

80.4

83.3

85.3

43.6

45.0

44.4

44.7

45.4

45.7

46.2

46.3

229.6
71.8
157.8

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

266.3
82.5
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

20.5

25.3

24.2

23.7

26.9

26.4

28.8

28.8

8.1

7.9

8.9

8.1

8.0

6.5

6.0

151.4
49.9
101. 5
6.0

Revised. See footnotes on p. 8.

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 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