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SURVEY OF CURRENT BUSINESS

March

National Income and Product Accounts Tables
The tables that follow are presented in eight groups, and the table numbers reflect these groups. The same numbers are used in other
publications presenting national income and product account estimates. The groups are:
1. National product and income
2. Personal income and outlays
3. Government receipts and expenditures
4. Foreign transactions

5. Saving and investment
6. Product and income by industry
7. Implicit price deflators and price indexes
8. Supplementary table: Percent change from preceding period for
selected items

The abbreviations used in the tables are: CCAdj
IVA
NIPA's

Capital consumption adjustment
Inventory valuation adjustment
National income and product accounts
Preliminary
Revised

The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1976-79 are in National Income and Product Accounts, 1976-79 (Stock No. 003-010-72188-0,
price $3.75). Additional estimates for 1980 are in the July 1981 SURVEY. These publications are available from the Superintendent of Documents
and Commerce Department District Offices; see addresses inside front cover.

Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars
Seasonally adjusted at annual rates

1980

1981 r

1980
III

Seasonally adjusted at annual rates

1981

1980

I

II

III

IV

2,730.6

2,853.0

2,885.8

2,965.0

2,998.3

1,672.8

1,857.8

1,682.2

1,751.0

1,810.1

1,829.1

1,883.9

211.9
675.7
785.2

Durable goods
Nondurable goods
Services

r

1980

232.0
743.2
882.6

208.8
674.2
799.2

223.3
703.5
824.2

238.3
726.0
845.8

227.3
735.3
866.5

236.2
751.3
896.4

1981

III

r

IV

2,626.1 2,925.5 2,637.3

Gross national product
Personal consumption expenditures

1981

IV

I

II

III

IV r

1,480.7

1,510.3

1,471.9

1,485.6

1,516.4

1,510.4

1,515.8

1,498.4

1,908.3

935.1

958.9

930.8

946.8

960.2

955.1

962.8

957.5

226.4
760.3
921.5

135.8
358.4
440.9

139.4
367.3
452.2

132.6
354.9
443.3

139.1
360.4
447.3

146.8
364.5
448.9

137.4
367.0
450.7

140.3
368.8
453.7

133.1
368.8
455.6

395.3

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm

450.5

377.1

397.7

437.1

458.6

463.0

443.3

203.6

214.8

195.3

200.5

211.6

219.7

221.5

206.3

401.2
296.0
108.8
187.1
105.3
100.3
2.0
3.0
-5.9
-4.7
-1.2

Gross private domestic investment

434.4
328.9
125.7
203.1
105.5
100.0
2.3
3.2
16.2
13.8
2.4

393.2
294.0
107.3
186.8
99.2
94.5
1.7
3.0
-16.0
-12.3
-3.7

415.1
302.1
111.5
190.7
113.0
107.6
2.2
3.1
-17.4
-14.0
-3.4

432.7
315.9
117.2
198.7
116.7
111.4
2.2
3.2
4.5
6.8
-2.4

435.3
324.6
123.1
201.5
110.7
105.4
2.1
3.2
23.3
21.5
1.8

435.6
335.1
128.3
206.8
100.5
94.9
2.3
3.3
27.5
23.1
4.4

434.0
339.8
134.3
205.5
94.2
88.4
2.5
3.3
9.4
3.7
5.6

206.6
158.4
48.4
110.0
48.1
45.2
.9
2.0
-2.9
-2.4
-.5

207.6
162.4
51.0
111.4
45.2
42.2
1.0
2.0
7.1
5.9
1.2

200.2
155.5
46.8
108.8
44.7
41.9
.7
2.0
-5.0
-3.1
-1.8

207.6
157.0
47.8
109.3
50.6
47.5
1.0
2.0
-7.2
-5.6
-1.5

213.1
162.0
49.6
112.4
51.0
48.0
.9
2.1
-1.4
-.3
-1.1

208.9
161.1
50.4
110.7
47.8
44.8
.9
2.0
10.8
9.9
.9

206.5
163.9
51.5
112.4
42.7
39.7
1.0
2.0
14.9
12.8
2.2

202.1
162.7
52.6
110.1
39.4
36.4
1.0
2.0
4.2
1.3
2.9

23.3

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

44.5

23.3

29.2

20.8

29.3

24.7

52.0

44.9

57.6

48.5

50.9

46.2

43.2

39.2

367.3
341.3

342.4
297.9

346.1
322.7

367.4
338.2

368.2
347.5

368.0
338.7

365.6
341.0

161.1
109.1

160.4
115.5

160.5
102.8

157.4
108.9

162.5
111.6

161.5
115.4

160.1
116.9

157.4
118.2

534.7

591.2

533.5

558.6

576.5

577.4

588.9

622.0

290.0

291.7

288.2

289.8

293.6

289.5

288.3

295.4

198.9
131.7
67.2
335.8

Exports
Imports

26.0

339.8
316.5

Net exports of goods and services

230.2
154.3
75.9
361.0

194.9
131.4
63.5
338.6

212.0
141.6
70.4
346.6

221.6
145.2
76.4
354.9

219.5
148.2
71.3
357.9

226.4
154.1
72.2
362.5

253.3
169.7
83.5
368.7

108.1
70.9
37.2
181.9

111.5
73.9
37.6
180.2

106.9
70.9
35.9
181.3

107.4
71.9
35.4
182.4

111.2
72.1
39.0
182.5

108.7
72.6
36.1
180.7

109.6
74.0
35.6
178.8

116.6
76.9
39.7
178.8

1,516.4

1,510.4

1,515.8

1,498.4

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
(Jross national product

2,626.1 2,925.5 2,637.3 2,730.6 2,853.0

Final sales
Change in business inventories

2,965.0 2,998.3

2,653 4
-16.0

27480 28485 2,862 5 29376 29890
-17.4
4.5
23.3
27.5
9.4

1,130.4

Goods

1,129.4

1,169.0

1,272.3

1,247.5

1,257.0

1,480.7

1,510.3

1,471.9

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

1,298.3 1,286.4

665.2

684.9

657.5

662.9

688.9

686.3

691.9

672.6

668 1
-2.9

677 8
7.1

662 4
-5.0

670 1
-7.2

690 3
-1.4

675 5
10.8

677 0
14.9

668 4
4.2

279 4
281 3
19
385.7
386 8
-1.1

282 1
279 1
30
402.8
398 7
4.1

274 6
278 4
38
382.9
384 0
-1.1

281 8
281 5
3
381.1
388 6
-7.5

289 3
292 5
31
399.6
397 9
1.7

288 6
279 7
89
397.7
395 8
1.9

287 0
279 2
78
404.9
397 8
7.1

263 5
265 0
15
409.1
403 4
5.7

695 7
119.8

707 9
117.4

699 9
114.5

701 7
121.0

703 6
123.9

704 7
119.4

709 9
114.0

713 4
112.5

458 6
4626
40
671.9
6737
-1.8

Services
Structures

5069
499 5
74
765.4
7566
8.7

1 2296 I 371 7
266.0
281.6

1

456 5
464 9
84
672.9
6805
-7.7

476 7
476 0
7
692.2
7103
-18.1

501 4
505 5
42
746.1
737 5
8.6

516 9
498 3
185
740.1
7353
4.8

525 2
506 6
186
773.0
7642
8.9

484 2
487 5
33
802.2
7895
12.7

1 249 0 1 285 3 1 317 1 1 344 7 1 390 5 1 434 4
288.4
258.9
276.4
284.1
276.3
277.5

2,602.8 2,899.6 2,592.8 2,707 3 2,823.8 2,865.1 2,935 8 29737
2,608.7 2,883.4 2,608.8 2,724.6 2,819.3 2,841.8 2,908.3 2,964.3

1 4287 1 4654 1 4143 1 437 1 1 4655 1 464 2 1 472 6 1 4592
1,431.7 1,458.3 1,419.2 1,444.2 1,466.9 1,453.5 1,457.7 1,455.0

1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.




1,485.6

1 4836 1 5032 1 4769 1 4927 1 517 8 1 4996 1 500 9 1 494 2
-2.9
7.1
-5.0
-7.2
-1.4
10.8
4.2
14.9

1 1363 1 256 1 1 145 4 1 1863 1 243 1 1 2337 1 270 8 1 277 0
-5.9
16.2 -16.0
-17.4
4.5
23.3
27.5
9.4

Final sales .
Change in business inventories

Addenda:
Gross domestic purchases '
Final sales to domestic purchasers

2,885.8

2,632.0 2,909.4
-5.9
16.2


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102