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8 SURVEY OF CURRENT BUSINESS April 1991 NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: First quarter 1991, advance. The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annual NIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are Released, Where They Are Available, and How They Are Presented" in the July 1988 SURVEY. The tables shown are available the day of the GNP news release on printouts and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Estimates for 1986-89 are in the July 1990 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates for 1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product Accounts, 1929-82: Statistical Tables. For more information, write to National Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division. Table 1.1.—Gross National Product Table 1.2.—Gross National Product in Constant Dollars [Billions of dollars] [Billions of 1982 dollars] Seasonally adjusted at annual rates 1989 Gross national product Personal consumption expenditures * Durable goods Nondurable goods Services1 Gross private domestic investment Fixed investment . Nonresidential Structures Producers' durable equipment .... Residential Change in business inventories Nonfarm Net exports of goods and services! Exports * Imports ' .... .. Government purchases of goods and services . . Federal National defense Nondefense State and local 5,200.8 3,450.1 474.6 1,130.0 1,845.5 771.2 742.9 511.9 146.2 365.7 231.0 28.3 23.3 5.0 -46.1 626.2 672.3 1990 5,465.1 3,657.3 480.3 1,193.7 1,983.3 741.0 746.1 524.1 147.0 377.1 222.0 -5.0 -7.4 2.4 -31.2 672.8 704.0 1989 1990 Seasonally adjusted at annual rates 1991 IV I II III IV I 5,289.3 3,518.5 471.2 1,148.8 1,898.5 762.7 737.7 511.8 147.1 364.7 225.9 25.0 24.1 .9 -35.3 642.8 678.1 5,375.4 3,588.1 492.1 1,174.7 1,921.3 747.2 758.9 523.1 148.8 374.3 235.9 -11.8 -17.0 5.3 -30.0 661.3 691.3 5,443.3 3,622.7 478.4 1,179.0 1,965.3 759.0 745.6 516.5 147.2 369.3 229.1 13.4 13.0 .5 -24.9 659.7 684.6 5,514.6 3,693.4 482.3 1,205.0 2,006.2 759.7 750.7 532.8 149.8 383.0 217.9 9.0 6.8 2.2 -41.3 672.7 714.1 5,527.3 3,724.9 468.5 1,216.0 2,040.4 698.3 729.2 524.0 142.1 381.9 205.2 -30.8 -32.4 L5 -28.8 697.4 726.2 5,562.3 3,741.1 456.8 1,209.8 2,074.5 673.4 696.2 506.3 139.2 367.1 189.9 -22.9 -27.9 5.1 7.5 692.2 684.7 1,025.6 1,098.1 1,043.3 1,070.1 1,086.4 1,102.8 1,132.9 1,140.2 400.0 424.0 399.9 410.6 421.9 425.8 437.6 442.3 301.1 313.6 299.2 307.2 309.6 312.6 325.0 330.0 98.9 110.4 100.7 103.4 112.3 113.2 112.6 112.3 625.6 674.1 643.4 659.6 664.6 677.0 695.3 697.9 1989 1990 IV 1991 1990 1989 I III II 4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,123.9 2,656.8 2,681.6 2,669.9 2,677.3 2,678.8 2,696.8 2,673.6 2,664.1 428.0 427.4 423.1 437.6 426.8 429.5 415.6 403.9 Durable goods 916.4 901.2 894.6 919.9 911.1 923.0 915.6 911.2 Nondurable goods 1,309.0 1,343.1 1,323.8 1,324.2 1,340.8 1,350.8 1,356.7 1,365.5 Services * 716.9 688.7 709.1 700.7 700.7 697.0 656.3 630.2 Gross private domestic investment 693.1 692.3 690.2 702.9 691.2 692.3 682.7 650.8 506.1 515.4 508.4 514.6 508.4 519.3 519.4 499.6 Nonresidential 123.8 120.9 122.4 116.4 113.0 122.4 120.9 123.1 Structures .. 383.7 394.6 385.4 390.8 387.5 397.0 403.1 386.5 Producers' durable equipment .... 173.0 163.3 151.2 188.3 182.8 187.0 176.8 181.8 Residential -2.2 9.5 4.7 -26.4 -20.7 18.9 -3.6 23.8 Change in business inventories 4.7 -28.5 -25.5 -8.2 11.6 15.3 18.7 -5.1 Nonfarm 4.8 2.1 0 6.0 -2.1 3.6 1.5 5.0 Farm J 2.2 -8.8 -47.9 -35.4 -44.6 -46.5 -33.8 -54.1 Net exports of goods and services 620.1 630.5 647.2 646.5 593.3 631.5 611.6 628.1 Exports * 647.4 665.3 659.4 663.5 664.7 677.0 656.0 644.3 Imports ' Government purchases of goods and 798.1 820.8 802.2 807.9 820.2 822.7 832.3 827.5 services 334.9 343.7 332.7 333.0 345.9 346.0 349.9 346.8 Federal 256.3 258.7 255.5 254.4 256.5 258.2 265.7 265.2 National defense 81.6 89.4 87.8 84.2 78.6 77.2 85.0 78.7 Nondefense 463.2 477.1 469.5 475.0 474.3 476.7 482.4 480.7 State and local Gross national product Personal consumption expenditures ' 1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS. 1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.3.—Gross National Product by Major Type of Product Table 1.4.—Gross National Product by Major Type of Product in Constant Dollars [Billions of dollars] [Billions of 1982 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1989 1990 1989 IV 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 .. . 1990 I II 5,465.1 5,289.3 5,375.4 5,443.3 5,470.2 5,264.3 5,387.2 5,429.9 13.4 25.0 -11.8 -5.0 2,143.3 2,085.9 2,111.0 2,146.6 2,148.3 2,060.9 2,122.8 2,133.1 25.0 -11.8 13.4 -5.0 928.0 907.4 919.9 930.1 939.1 894.2 941.4 930.1 13.2 -21.6 0 -11.1 1,215.3 1,178.6 1,191.2 1,216.4 1,209.3 1,166.7 1,181.4 1,203.0 9.8 11.9 13.4 6.0 2,864,5 2,747.5 2,791.3 2,834.2 456.9 457.4 455.9 473.0 462.5 5,200.8 5,172.5 28.3 2,072.7 2,044.4 28.3 906.6 894.7 11.9 1,166.0 1,149.6 16.4 2,671.2 IV 5,514.6 5,505.6 9.0 2,170.4 2,161.4 9.0 953.2 943.4 9.8 1,217.2 1,218.0 -.8 2,889.6 5,527.3 5,558.2 -30.8 2,145.0 2,175.9 -30.8 908.7 941.2 -32.5 1,236.3 1,234.7 1.7 2,943.0 454.6 1990 Gross national product 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 4,117.7 4,157.3 4,094.0 4,160.9 -3.6 23.8 1,829.5 1,829.3 1,805.7 1,832.9 -3.6 23.8 1991 1990 1989 IV I 5,562.3 5,585.1 -22.9 2,144.8 2,167.7 -22.9 892.6 920.4 -27.9 1,252.3 1,247.2 5.0 2,999.9 439.3 417.6 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1989 .1991 III I IV I II III I IV 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,114.4 4,152.8 4,145.6 4,165.3 4,179.8 4.7 -26.4 -2.2 9.5 18.9 1,823.1 1,825.4 1,831.3 1,839.7 1,821.0 1,804.3 1,827.6 1,821.8 1,835.0 1,847.4 4.7 -26.4 9.5 -2.2 18.9 4,123.9 4,144.6 -20.7 1,798.6 1,819.2 -20.7 907.5 920.6 904.4 914.3 919.1 941.1 908.0 889.3 919.5 932.9 936.0 912.1 897.7 930.1 894.2 932.1 8.3 -28.1 -22.8 -.3 10.2 -17.7 9.8 -9.5 922.0 908.7 918.7 911.0 912.2 898.5 913.0 909.3 895.5 902.4 902.1 911.4 907.2 908.0 902.8 910.1 -3.6 1.6 2.1 9.8 15.5 8.6 13.9 5.9 1,915.6 1,961.0 1,939.7 1,943.7 1,952.5 1,967.3 1,980.7 1,992.1 372.7 366.9 370.4 381.5 371.2 363.1 351.7 333.3 Structures NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 9 SURVEY OF CURRENT BUSINESS April 1991 Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers in Constant Dollars [Billions of dollars] [Billions of 1982 dollars] Seasonally adjusted at annual rates 1989 1990 IV I II Seasonally adjusted at annual rates 1991 1990 1989 III IV 1989 1990 I 1989 IV 1990 I 1991 II III IV I Gross national product . 4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,123.9 Less: Exports of goods and services J .... Plus: Imports of goods and services l .... 5,200.8 5,465.1 5,289.3 5,375.4 5,443.3 5,514.6 5,527.3 5,562.3 626.2 672.8 642.8 661.3 659.7 672.7 697.4 692.2 691.3 684.6 714.1 726.2 684.7 672.3 704.0 678.1 Less: Exports of goods and services l .... Plus: Imports of goods and services ' .... Equals: Gross domestic purchases2 .... 5,246.9 5,496.4 5,324.6 5,405.3 5,468.2 5,555.9 5,556.1 5,554.8 Equals: Gross domestic purchases2 .... 593.3 631.5 611.6 628.1 620.1 630.5 647.2 646.5 647.4 665.3 659.4 663.5 664.7 677.0 656.0 644.3 4,171.8 4,191.1 4,181.1 4,185.9 4,199.7 4,216.5 4,162.2 4,121.7 Gross national roduct Less: Change in business inventories Equals: Final sales to domestic ^ 28.3 -5.0 25.0 -11.8 13.4 9.0 -30.8 -22.9 5,218.6 5,501.4 5,299.6 5,417.1 5,454.7 5,546.9 5,586.9 5,577.6 Less: Change in business inventories Equals: Final 3sales to domestic purchasers 23.8 -3.6 18.9 -2.2 9.5 4.7 -26.4 1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS. 2. Purchases in the United States of goods and services wherever produced. 3. Final sales in the United States of goods and services wherever produced. 1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS. 2. Purchases in the United States of goods and services wherever produced. 3. Final sales in the United States of goods and services wherever produced. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.7.—Gross National Product by Sector Table 1.8.—-Gross National Product by Sector in Constant Dollars [Billions of dollars] [Billions of 1982 dollars] Seasonally adjusted at annual rates 1989 1990 IV II HI IV . Farm Statistical discrepancy Households and institutions Private households Nonprofit institutions Federal State and local Rest of the world 4,418.1 4,619.2 4,483.1 4,551.8 4,613.5 4,659.6 4,652.1 4,665.0 4,346.6 4,527.8 4,399.5 4,455.8 4,522.1 4,571.4 4,562.1 4,572.4 3,915.3 4,068.8 3,955.8 4,007.6 4,067.5 4,106.9 4,093.1 4,099.8 431.2 459.1 443.7 448.1 454.7 464.4 469.0 472.6 92.1 89.6 94.6 93.1 95.3 86.7 88.6 93.1 .4 .4 -4.9 .7 -3.0 -1.7 -17.0 -3.2 229.3 233.4 237.9 215.0 221.4 203.6 224.8 210.3 10.9 11.0 11.1 10.5 10.8 10.4 10.8 10.3 193.3 214.0 199.9 204.5 210.6 218.4 222.4 226.8 541.6 168.6 373.0 579.4 178.5 400.9 553.0 169.7 383.3 567.0 176.6 390.4 576.7 179.2 397.5 582.8 178.3 404.5 591.0 179.8 411.2 606.4 188.6 417.8 37.6 41.7 42.8 41.6 31.6 42.9 50.8 53.0 3,978.4 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1990 1989 IV Gross national product Gross domestic product .. Business Nonfarm Nonfarm less housing Housing Farm Statistical discrepancy 1990 I II 1991 HI IV I 4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,123.9 4,087.6 4,125.4 4,099.5 4,118.2 4,130.6 4,137.5 4,115.2 4,084.8 3,557.9 3,581.1 3,564.4 3,580.0 3,587.2 3,590.8 3,566.7 3,533.7 3,492.9 3,502.5 3,487.5 3,500.3 3,510.3 3,514.3 3,485.1 3,453.0 3,196.0 3,200.4 3,187.8 3,199.1 3,208.4 3,211.9 3,182.1 3,149.3 299.7 301.2 296.9 302.1 301.8 302.4 303.1 303.7 78.8 80.0 79.4 79.1 80.2 81.2 80.4 79.3 -2.4 -13.8, ; -1.3 .6 -2.5 -3.7 .3 .3 Households and institutions Private households Nonprofit institutions 146,2 9.5 136.6 154.5 9.7 144.8 149.2 9.7 139.6 150.8 9.7 141.2 153.6 9.8 143.7 156.7 9.8 146.9 157.0 9.7 147.3 158.1 9.7 148.4 Government Federal State and local 383.5 126.5 257.0 389.7 127.6 262.1 385.9 126.8 259.2 387.4 127.0 260.4 389.9 128.2 261.7 390.0 127.4 262.7 391.5 127.8 263.6 393.0 128.7 264.4 30.2 31.9 33.7 32.4 24.5 32.6 38.2 39.1 Rest of the world . . Addendum: Addendum: Gross domestic business product less housing .. 1989 I 5,200.8 5,465.1 5,289.3 5,375.4 5,443.3 5,514.6 5,527.3 5,562.3 5,163.2 5,423.4 5,246.5 5,333.8 5,411.7 5,471.7 5,476.5 5,509.3 Gross national product Gross domestic product Business Nonfarm . Nonfarm less housing I Seasonally adjusted at annual rates 1991 1990 1989 -20.7 4,148.1 4,194.7 4,162.2 4,188.1 4,190,1 4,211.8 4,188.6 4,142.4 Gross domestic business product less housing 3,252 6 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.