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36 • January/February

SURVEY OF CURRENT BUSINESS

1996

i. National Product and IncomeTable 1.1.—Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1992

1991

1993

1994

1992

i

1994

1993
III

II

IV

!

II

III

IV

I

1995

II

III

IV

I

II

III

1
3
4
5

Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic Investment

5,916.7 6,244.4 6,550.2 6,931.4 6,121.8 6,201.2 6,271.7 6,383.0 6,442.8 6,503.2 6,571.3 6,683.7 6,772.8 6,885.0 6,987.6 7,080.0 7,147.8 7,196.5 7,297.2

2

Gross domestic product

3,975.1
455.2
1,277.6
2,242.3

4,219.8 4,454.1 4,698.7 4,127.6 4,183.0 4,238.9 4,329.6 4,367.8 4,424.7 4,481.0 4,543.0 4,599.2 4,665.1 4,734.4 4,796.0 4,836.3 4,908.7 4,965.1
488.5 530.7 580.9 474.1 481.3 492.5 506.2 508.3 525.2 536.7 552.3 562.6 573.1 585.3 602.7 593.0 604.0 616.0
1,321.8 1,368.9 1,429.7 1,303.1 1,308.4 1,326.3 1,349.5 1,354.1 1,364.2 1,371.4 1,386.1 1,399.7 1,416.6 1,443.5 1,459.0 1,471.6 1,486.9 1,491.3
2,409.4 2,554.6 2,688.1 2,350.4 2,393.3 2,420.1 2,473.9 2,505.3 2,535.4 2,572.9 2,604.6 2,636.8 2,675.4 2,705.6 2,734.4 2,771.7 2,817.9 2,857.8

6

736.2

790.4

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

7
8
9
10
11
12

738.5
547.3
181.7
365.6
191.2
-2.3

783.4 850.5
557.9 598.8
169.2 171.8
388.7 427.0
225.6 251.7
7.0 20.6

Net exports of goods and services

13

-20.5

-29.5

-64.9 -96.4

14
15
16
17
18
19

601.8
426.4
175.4
622.3
500.7
121.6

639.4
448.7
190.7
669.0
544.9
124.1

660.0
459.5
200.4
724.9
592.7
132.1

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross Investment
Federal
National defense
Nondefense
State and local

20
21
22
23
24

;

871.1 1,014.4
954.9
667.2
180.2
487.0
287.7
59.5
722.0
509.1
212.9
818.4
677.3
141.1

755.2

790.8 799.7

816.1

843.6

855.9

873.8

911.2

957.6 1,016.5 1,033.6 1,050.1 1,072.0 1,050.3 1,067.1

755.4
544.1
171.6
372.5
211.3
-.3

780.5
556.8
170.4
386.3
223.7
10.2

788.1
561.0
167.6
393.4
227.1
11.6

809.7 823.8
569.6 580.3
167.1 170.2
402.5 410.1
240.1 243.5
6.4 19.9

834.3
591.1
169.7
421.3
243.2
21.6

851.8
599.2
171.4
427.7
252.6
22.0

892.3
624.6
175.8
448.8
267.7
18.8

917.4
638.8
171.8
467.0
278.5
40.2

942.0
653.5
179.1
474.4
288.5
74.5

-37.6

-42.7 -47.4 -62.0 -77.1 -73.2

-80.3

-97.4 -108.4 -99.7 -106.6 -122.4 -100.6

640.2
447.7
192.5
677.8
557.2
120.6

649.1
459.0
190.1
691.8
564.4
127.4

681.5
476.0
205.5
761.7
622.4
139.3

708.6
497.7
210.9
806.0
665.7
140.3

-8.9 -29.0
632.4
442.1
190.3
641.3
516.8
124.5

635.9
445.9
190.0
664.9
541.1
123.8

649.4
451.2
198.3
696.8
569.7
127.1

662.5
461.8
200.8
724.6
593.8
130.8

648.5
448.3
200.2
725.6
593.7
131.9

679.4
477.0
202.4
752.6
613.8
138.8

968.9
678.5
181.0
497.5
290.4
64.7
734.2
517.2
216.9
842.6
699.9
142.6

991.4 1,013.9 1,016.3 1,036.5
697.9 723.6 734.4 746.3
188.8 194.5 197.6 202.3
509.1 529.0 536.8 544.0
293.5 290.4 281.9 290.2
58.7 58.1 34.0 30.6
763.6 778.6
545.4 558.9
218.2 219.7
863.3 .885.1
720.9 740.3
142.3 144.8

796.9
574.7
222.2
919.3
771.0
148.3

813.2
588.3
224.9
913.7
765.4
148.3

1,225.9 1,263.8 1,289.9 1,314.7 1,247.9 1,256.4 1,270.7 1,280.0 1,278.8 1,284.6 1,293.6 1,302.7 1,296,4 1,300.8 1,328.0 1,333.5 1,346.0 1,359.9 1,365.5
522.6
383.5
139.1
703.4

528.0
375.8
152.2
735.8

522.1
362.2
159.9
767.8

516.3
352.0
164.3
798.4

521.8
372.8
149.0
726.1

523.2
374.1
149.1
733.2

532.0
380.9
151.1
738.7

535.0 525.0
375.3 365.2
159.7 159.8
745.1 753.8

519.6
362.2
157.4
765.0

520.8
360.7
160.1
772.7

522.9
360.8
162.2
779.7

511.3
346.7
164.6
785.0

509.4
349.3
160.0
791.4

523.6
362.1
161.5
804.4

520.9
349.6
171.2
812.6

519.9
347.7
172.1
826.1

522.6
352.3
170.3
837.3

517.3
346.2
171.1
848.2

NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.2.—Real Gross Domestic Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line

1991

1992

1993

1994

1992

I

II

1994

1993
III

IV

I

II

III

IV

I

II

1995
III

IV

I

III

4,105.8 4,219.8 4,339.7 4,471.1 4,173.8 4,196.4 4,226.7 4,282.3 4,290.0 4,319.0 4,359.7 4,390.0 4,418.8 4,457.7 4,485.8 4,522.3 4,530.9 4,568.8 4,601.1

3
4
5

Durable goods
Nondurable goods
Services

6,079.0 6,244.4 6,383.8 6,604.2 6,175.3 6,214.2 6,260.9 6,327.3 6,327.0 6,353.7 6,390.4 6,463.9 6,504.6 6,581.5 6,639.5 6,691.3 6,701.6 6,709.4 6,763.2

2

Personal consumption expenditures

462.0 488.5 524.1 562.0 476.1 481.1 491.9 505.0 506.0 519.6 528.9 541.9 549.6 555.4 563.0 579.9 566.9 576.6 589.8
1,302.9 1,321.8 1,348.9 1,390.5 1,314.4 1,312.0 1,321.1 1,339.8 1,336.9 1,344.7 1,354.2 1,359.8 1,372.7 1,383.7 1,397.2 1,408.4 1,416.8 1,423.5 1,425.3
2,341.0 2,409.4 2,466.8 2,519.4 2,383.2 2,403.2 2,413.6 2,437.6 2,447.0 2,454.9 2,476.7 2,488.6 2,497.0 2,519.0 2,526.3 2,535.1 2,548.1 2,569.6 2,586.9

6

737.7

790.4 857.3

979.6

757.9

792.8 798.6

834.8

843.2

857.6

893.4

933.5

984.6

994.1 1,006.3 1,024.2

Fixed investment
Nonresidential
Structures . . . .
Producers' durable equipment
Residential
Change in business inventories

7
8
9
10
11
12

741.3
547.7
181.6
366.2
193.4
-3.0

783.4
557.9
169.2
388.7
225.6
7.3

836.4
593.6
166.3
427.6
242.7
19.1

921.1
652.1
168.8
484.1
268.9
58.9

758.3
544.4
172.7
371.7
213.9
-.1

782.4
557.5
171.0
386.4
224.9
11.3

787.3
560.6
167.4
393.1
226.7
12.1

805.8 815.4
569.1 577.5
165.6 167.0
403.5 410.5
236.7 237.9
5.8 18.5

821.1
586.4
164.8
421.7
234.8
20.8

835.4
593.1
165.1
428.2
242.2
19.5

873.5
617.6
168.2
449.8
255.8
17.4

892.4
628.6
163.0
466.5
263.6
40.1

911.4
639.5
169.0
471.2
271.6
74.1

930.8
660.4
169.1
492.4
270.3
64.0

Net exports of goods and services

13
14
15
16
17
18
19

-22.3

-29.5
639.4
448.7
190.7
669.0
544.9
124.1

-74.4 -108.1 -14.8
660.6 715.1 633.0
464.5 511.4 440.3
196.2 204.1 192.8
735.0 823.3 647.8
602.5 684.0 521.2
132.5 139.4 126.7

-2.5

-30.8
639.7
448.3
191.3
670.5
552.8
117.7

-40.0 -55.2

635.8
445.1
190.7
668.3
543.6
124.7

-67.0 -89.1 -86.2 -101.3 -112.2 -113.3 -105.8
662.3 648.9 681.4 680.4 704.3 724.8 751.0
465.8 453.3 484.5 481.5 501.8 518.3 543.9
196.5 195.6 197.0 199.0 202.7 206.8 207.7
729.4 738.1 767.6 781.7 816.5 838.1 856.8
598.6 605.1 629.1 643.0 676.4 698.1 718.6
130.8 133.0 138.5 138.8 140.2 140.2 138.5

Gross private domestic investment

Exports
Goods
Services
Imports
Goods
Services

Government consumption expenditures and gross investment ..... 20
Federal
National defense
Nondefense
State and local

II

1

Gross domestic product

.

..

Residual

..

....

21
22
23
24
25

599.9
419.2
180.8
622.2
497.1
125.3

649.1
461.0
188.2
689.1
561.8
127.4

649.8
454.3
195.5
705.1
577.3
127.8

1,258.0 1,263.8 1,260.5 1,259.9 1,258.5 1,257.5 1,266.5 1,272.5 1,257.2 1,257.9 1,261.1 1,265.7 1,252.3 1,249.7
539.4 528.0 508.7 489.7 525.1 523.3 529.6 534.0 515.7 509.2 505.4 504.5 489.8 483.3
397.5 375.8 354.9 336.9 374.2 373.3 378.7 376.8 361.2 356.4 351.2 350.8 334.8 335.5
142.0 152.2 153.8 152.6 150.8 150.0 150.9 157.1 154.5 152.7 154.2 153.7 154.8 147.7
718.7 735.8 751.8 770.5 733.5 734.2 736.9 738.5 741.6 748.8 755.7 761.3 762.7 766.8
-.4
1.1
2.7
3.7
1.6
1.2
-.7
-.6
-.5
.9
-.3
2.1
-.3
-.9

NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.




812.4

949.7
679.7
174.3
506.4
270.3
57.3

998.3 1,008.9

966.1
710.6
180.0
531.9
256.6
30.6
-119.0 -126.8
755.8 764.3
548.9 557.8
207.6 207.4
874.9 891.2
732.8 750.5
142.4 141.1
969.6
704.4
178.5
527.1
265.9
54.5

980.6
719.8
182.4
538.6
261.8
27.1
-114.1
779.7
571.1
209.6
893.9
752.4
141.8

1,271.0 1,266.6 1,263.0 1,265.8 1,264.4
496.6 489.1 481.3 479.9 473.2
346.1 331.3 325.3 326.1 319.8
150.5 157.5 155.6 153.6 153.1
774.7 777.7 782.2 786.3 791.7
-.9

-1.4

-.6

1.0

.2

Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.

SURVEY OF CURRENT BUSINESS

January/February 1996

•

37

Table 1,3.—Gross Domestic Product by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates

Line

1991

1992

1993

1994

1992

I

1994

1993

II

HI

I

IV

II

III

IV

I

1995

II

III

IV

!

II

III

Gross domestic product

1

5,916.7 6,244.4 6,550.2 6,931.4 6,121.8 6,201.2 6,271.7 6,383.0 6,442.8 6,503.2 6,571.3 6,683.7 6,772.8 6,885.0 6,987.6 7,080.0 7,147.8 7,196.5 7,297.2

Final sales of domestic product
Change in business inventories

2
3

5,919.0 6,237.4 6,529.7 6,871.8 6,122.1 6,191.0 6,260.1 6,376.6 6,422.9 6,481.6 6,549.3 6,664.9 6,732.6 6,810.5 6,922.9 7,021.3 7,089.7 7,162.5 7,266.6
40.2
-2.3
7.0
20.6
-.3
10.2
6.4
19.9
22.0
18.8
74.5
64.7
58.7
58.1
34.0
59.5
11.6
21.6
30.6

Goods . . . .

4

Durable goods
Final sales
Change in business inventories

2,236.3 2,314.0 2,400.9 2,534.2 2,281.4 2,291.0 2,317.8 2,365.8 2,362.8 2,391.3 2,394.5 2,455.1 2,484.2 2,498.3 2,553,5 2,600.9 2,617.3 2,642.3 2,685.0
7.0
-2.3
-.3
10.2
19.9
22.0
18.8
40.2
64.7
20.6
59.5
11.6
6.4
21.6
74.5
58.7
58.1
34.0
30.6

7
8
9

...

Nondurable goods
Final sales
Change in business inventories .

2,234.0 2,321.0 2,421.5 2,593.8 2,281.1 2,301.3 2,329.4 2,372.2 2,382.7 2,412.9 2,416.5 2,474.0 2,524.4 2,572.9 2,618.2 2,659.6 2,675.4 2,676.3 2,715.6

5
6

Final sales
Change in business inventories ..

.

910.0
926.6
-16.6

955.0 1,029.5 1,117.8
965.9 1,013.8 1,085.9
-10.9
15.7
31.9

925.9
944.6
-18.8

956.8
955.7
1.1

958.1
969.2
-11.1

979.3
994.2
-14.9

999.4 1,025.5 1,022.1 1,070.9 1,087.7 1,103.0 1,134.1 1,146.4 1,173.0 1,162.6 1,188.1
986.4 1,014.1 1,007.9 1,046.6 1,062.6 1,067.9 1,099.9 1,113.3 1,118.6 1,134.0 1,162.6
13.1

14.2

11.3

24.3

25.1

35.1

34.2

33.1

54.4

28.5

25.5

10
11
12

1,323.9 1,366.0 1,392.0 1,476.0 1,355.3 1,344.5 1,371.4 1,392.9 1,383.3 1,387.4 1,394.4 1,403.1 1,436.7 1,469.9 1,484.1 1,513.2 1,502.4 1,513.7 1,527.6
1,309.7 1,348.1 1,387.2 1,448.3 1,336.8 1,335.4 1,348.6 1,371.6 1,376.5 1,377.1 1,386.5 1,408.5 1,421.6 1,430.4 1,453.6 1,487.6 1,498.7 1,508.3 1,522.5
5.4
14.3
4.9
22.7
3.7
17.9
27.6
18.5
9.1
6.8
10.3
7.9
-5.5
15.1
39.5
30.5
25.6
5.1
21.3

Services

13

3,201.3 3,411.1 3,581.7 3,742.3 3,338.4 3,387.5 3,432.1 3,486.4 3,528.5 3,555.0 3,605.3 3,638.1 3,673.8 3,720.3 3,769.0 3,806.3 3,852.6 3,904.5 3,949.1

Structures

14

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

15
16

481.4

512.3

547.0

595.3

502.3

512.4

510.1

524.4

531.5

535.4

549.5

571.6

574.7

591.9

600.5

614.1

619.8

615.7

632.4

205.4 228.2 264.8 187.8
204.4 207.8 221.5 222.0 224.6 220.3 245.9 265.6 256.8 265.8 271.2 269.9 257.5 259.2
176.9
5,739.8 6,039.1 6,322.1 6,666.5 5,934.0 5,996.8 6,063.9 6,161.5 6,220.8 6,278.6 6,351.0 6,437.8 6,507.2 6,628.3 6,721.8 6,808.8 6,877.9 6,939.0 7,038.0

NOTE,-—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.4.—Real Gross Domestic Product by Major Type of Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line

1991

1992

1994

1993

1992

I

II

1994

1993

III

IV.

III

II

I

IV

1995

II

I

III

IV

I

II

III

Gross domestic product

1

6,079.0 6,244.4 63838 6,604.2 6,175.3 6,214.2 6,260.9 6,327.3 6,327.0 6,353.7 6,390.4 6,463.9 6,504.6 6,581.5 6,639.5 6,691.3 6,701.6 6,709.4 6,763.2

Final sales of domestic product
Change in business inventories

2
3

6,082.6 6,237.4 6,362.9 6,546.3 6,175.8 6,203.8 6,249.5 6,320.7 6,307.7 6,331.6 6,368.2 6,444.1 6,464.0 6,509.0 6,576.8 6,635.2 6,647.5 6,677.4 6,735.0
-.1
27.1
74.1
40.1
17.4
12.1
7.3
•-3.0
54.5
57.3
64.0
19.5
20.8
18.5
5.8
11.3
58.9
19.1
30.6

.

Residual

4

Goods

-.3

-.6

1.8

-1.0

-.4

-.7

-.9

.8

.8

2.7

1.3

.5

2.4

-1.6

-1.3

-1.2

-.4

1.4

1.1

5
6
7

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

, ..

Nondurable goods
Final sales
Change in business inventories

2,262.3 2,321.0 2,389.6 2,524.3 22889 2,301.1 2,327.4 2,366.7 2,357.4 2,385.4 2,384.9 2,430.7 2,467.9 2,50a8 2,541.9 2,578.5 2,580.3 2,573.2 2,602.6
2,265.9 2,314.0 2,368.7 2,465.6 2,289.3 2,290.7 2,316.0 2,360.1 2,338.0 2,363.2 2,362.7 2,410.7 2,426.8 2,435.3 2,478.5 2,521.8 2,525.6 2,541.1 2,574.3
-.1
27.1
7.3
54.5
74.1
17.4
18.5
12.1
58.9
19.1
-3.0
30.6
57.3
64.0
40.1
19.5
20.8
5.8
11.3

8
9
10

917.2
934.2
-16.6

955.0 1,022.6 1,099.2
965.9 1,006.9 1,068.0
30.6
15.4
-10.9

926.6
945.2
-18.7

955.1
953.8
1.2

958.5
970.0
-11.4

980.0
994.8
-14.8

995.6 1,018.8 1,013.7 1,062.4 1,073.6 1,082.9 1,110.4 1,129.8 1,149.7 1,139.8 1,164.0
982.8 1,007.4 999.5 1,038.0 1,048.7 1,048.4 1,077.3 1,097.4 1,097.9 1,112.2 1,140.0
13.1

13.5

11.2

23.6

24.3

32.7

33.9

31.6

51.6

26.7

23.6

11
12
13
14

Services .
Structures

. . .

1,345.1 1,366.0 1,367.1 1,425.6 1,362.4 1,346.1 1,368.8 1,386.7 1,361.9 1,366.7 1,371.3 1,368.7 1,394.7 1,426.1 1,432.1 1,449.3 1,431.6 1,434.2 1,439.6
1,331.8 1,348.1 1,361.8 1,398.0 1,344.2 1,336.9 1,346.0 1,365.3 1,355.2 1,355.9 1,363.2 1,373.0 1,378.4 1,387.1 1,401.6 1,424.8 1,428.2 1,429.4 1,435.2
3.7
40.4
-6.4
9.7
5.4
28.2
13.4
3.2
2.2
31.2
6.1
23.7
10.1
18.6
18.3
3.6
25.6
15.8
20.8
3,332.3 3,411.1 3,464.9 3,521.7 3,379.4 3,398.6 3,424.2 3,442.3 3,448.8 3,449.3 3,475.8 3,485.6 3,491.1 3,513.4 3,536.4 3,545.9 3,552.6 3,574.7 3,589.7

15

484.5

512.3

529.4

Residual

16

-.6

-.4

1.7

Addenda:
Motor vehicle output
Gross domestic product less motor vehicle output

17
18

559.8
-2.1

507.1

514.4

-.5

-.8

509.4

518.5

520.9

519.3

529.5

548.1

546.6

.4

.8

.9

2.8

2.0

-.3

-1.0

560.6

562.8

569.1

570.8

-2.3

-2.5

-3.1

-1.7

563.3
-.5

573.0
-1.5

215.6 216.4 210.4 233.4 249.4 237.9 243.6 249.5 244.2 230.6 231.4
182.0 205.4 218.9 245.1 190.5 204.8 207.1 219.1
5,896.9 6,039.1 6,164.7 6,358.7 5,984.8 6,009.4 6,053.9 6,108.2 6,111.4 6,137.2 6,180.0 6,230.3 6,254.7 6,343.4 6,395.6 6,441.3 6,457.0 6,478.8 6,531.9

NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in business inventories is the difference between gross domestic product and

the sum of final sales of domestic product and of change in business inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services,
and of structures.
Percent changes from preceding period for selected items in this table are shown in table 8.1

Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1991

1992

1993

1992

1994

I
Gross domestic product

1

Less: Exports of goods and services
Plus* Imports of goods and services

2
3

Equals: Gross domestic purchases

4

Less' Change in business inventories

5

Equals* Final sales to domestic purchasers

6

5,916.7 6,244.4 6,550.2 6,931.4
601.8
622.3

639.4
669.0

660.0
724.9

5,937.2 6,274.0 6,615.2 7,027.8
-2.3

7.0

20.6

59.5

5,939.5 6,267.0 6,594.6 6,968.3

NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.




722.0
818.4

II

IV

I

II

1995

1994

1993
III

III

IV

I

II

III

IV

I

II

III

6,121.8 6,201.2 6,271.7 6,383.0 6,442.8 6,503.2 6,571.3 6,683.7 8,772.8 6,885.0 6,987.6 7,080.0 7,147.8 7,196.5 7,297.2
632.4
641.3

635.9
664.9

640.2
677.8

649.1
691.8

649.4
696.8

662.5 648.5
724.6 725.6

679.4
752.6

681.5
761.7

708.6
806.0

734.2
842.6

763.6
863.3

778.6
885.1

796.9
919.3

813.2
913.7

6,130.7 6,230.2 6,309.3 6,425.7 6,490.1 6,565.2 6,648.4 6,756.9 6,853.1 6,982.5 7,096.0 7,179.6 7,254.3 7,318.9 7,397.7
-.3

10.2

11.6

6.4

19.9

21.6

22.0

18.8

40.2

74.5

64.7

58.7

58.1

34.0

30.6

6,131.0 6,220.0 6,297.7 6,419.3 6,470.3 6,543.6 6,626.3 6,738.0 6,812.9 6,907.9 7,031.3 7,121.0 7,196.2 7,284.9 7,367.1

SURVEY OF CURRENT BUSINESS

January/February 1996

Summary National Income and Product Series, 1959-94
Tables 1-4 present historical summary series from
the national income and product accounts (NIPA'S).
Tables i and 2 cover current- and chained-dollar gross
domestic product and its components, table 3 covers

NIPA price indexes, and table 4 covers national income
and personal income. These tables reflect the results
of the comprehensive NIPA revision that is presented
in this issue.

Table 1 .—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures

Government2

Net exports1

Gross private domestic investment
Nonresidential

Ypflr and
Tear ana

GDP

quarter

Total

Durable
goods

Non-

Total

Residential

148.5

127.0

78.8

46.5

18.1

28.3

28.1

4.2

20.6

22.3

112.0

67.2

44.8

503.0

510.1

152.9
156.6
162.8
168.2
178.7

136.0
144.3
153.7
163.2
176.1

78.8
77.9
87.9
93.4

49.2
48.6
52.8
55.6
62.4

19.6
19.7
20.8
21.2
23.7

29.7
28.9
32.1
34.4
38.7

26.3

2.4
3.4
2.4
3.3
5.5

25.3
26.0
27.4
29.4
33.6

22.8
22.7
25.0
26.1
28.1

113.2
120.9
"131.4
137.7
144.4

65.6
69.1
76.5
78.1
79.4

47.6
51.8
55.0
59.6
65.0

523.3

26.4
29.0
32.1
34.3

3.2
2.9
6.1
5.7
5.0

529.8
548.4
589.4

63.3
68.3
70.4
80.8
85.9

191.6
208.8
217.1
235.7
253.2 ;

118.0
130.4
128.0
139.9
155.0

74.1
84.4
85.2
92.1

45.8
53.0
53.7
58.5
65.2

34.2
32.3
32.4
38.7
42.6

3.9
1.9
1.4

35.4
38.9
41.4
45.3
49.3

31.5
37.1
39.9
46.6
50.5

153.0
173.6
194.6
212.1
223.8

81.8
94.1

709.4
774.0

724.5
793.0

106.6
113.8
115.8

71.2
79.5
88.1
98.3

102.9

28.3
31.3
31.5
33.6
37.7

9.7

204.8
222.0
243.4
265.5

108.0

823.1
901.4
972.7

839.1
916.7
988.4

85.0
96.9

272.0
285.5
308.0

291.1
320.1
352.3
384.9
424.4

150.2
176.0
205.6
242.9
245.6

106.7
40.3
42.7
111.7
47.2
126.1
150.0
55.0
165.6 :: 61.2

66.4
69.1
78.9
95.1

57.0
59.3
66.2
91.8

55.8
62.3
74.2
91.2

104.3

41.4
55.8
69.7
75.3
66.0

-3.1

124.3

127.5

236.1
249.9
268.9
287.6
323.2

115.9
117.1
125.1
128.2
139.9

120.2
132.8
143.8
159.4
183.3

1,033.4
1,116.9
1,227.4
1,365.2
1,482.8

1,042.0
1,133.1
1,246.0
1,395.4
1,512.6

13.6
-2.3

122.7
151.1
182.4
212.3
252.7

362.6
385.9

110.3
131.6
141.0

136.3
148.9
158.8
186.1
228.7

154.5
162.7
178.4
194.4
215.0

208.1
223.1
238.5
263.4
292.0

1,636.9
1,802.0
2,003.8
2,264.2
2,540.6

1,643.9
1,836.1
2,047.5
2,313.5
2,590.4

-14.9
-15.0
-20.5
-51.7
-102.0

278.9
302.8
282.6
277.0

293.8

324.4
349.2

2,791.9
3,087.8
3,256.6
3,519.4
3,835.0

2,819.5
3,150.6
3,273.2
3,546.5
3,933.5

-114.2
-131.5
-142.1
-106.1

4,201.0
4,435.1
4,701.3
5,062.6
5,452.8

7.1
5.8
6.1
7.6
7.7

8.3
6.2
5.8
7.9
7.3

5.6
3.0
5.5
4.9
5.8

6.1
3.2
5.4
4.7
5.2

PDE

617.4
663.0

1965
1966
1967
1968
1969

719.1
787.8
833.6
910.6
982.2

481.9
509.5
559.8
604.7

1970
1971 ..
1972
1973
1974

1,035.6
1,125.4
1,237.3
1,382.6
1,496.9

648.1
702.5
770.7
851.6
931.2

110.4
123.5
.122.3

1975
1976
1977
1978
1979

1,630.6
1,819.0
2,026.9
2,291.4
2,557.5

1,029.1
1,148.8
1,277.1
1,428.8
1,593.5

133.5
158.9
181.1
201.4
213.9

420.6
458.2
496.9
549.9
624.0

225.4
531.8
286.6
i 599.0
356.6
i 677.4 • 430.8
755.6
480.9

169.0
187.2
223.2
272.0
323.0

114.9

107.6
121.2
148.7
180.6
208.1

1980
1981
1982
1983
1984

2,784.2
3,115.9
3,242.1
3,514.5
3,902.4

1,760.4
1,941.3
2,076.8
2,283.4
2,492.3

213.5
230.5
239.3
279.8
325.1

695.5
758.2
786.8
830.3
883.6

i 851.4

350.3
405.4
409.9
399.4
468.3

133.9
164.6
175.0
152.7
176.0

216.4
240.9
234.9
246.7
292.3

123.2
122.6
105.7
152.5
179.8

1985
1986
1987
1988
1989

4,180.7
4,422.2
4,692.3
5,049.6
5,438.7

2,704.8
2,892.7
3,094.5
3,349.7
3,594.8

927.6
361.1
398.7
957.2
416.7
1,014.0
451.0 '1,081.1
472.8 1,163.8

1,416.1
1,536.8
1,663.8
1,817.6
,1,958.1

502.0
715.1
722.5 f 494.8
747.2 ; 495.4
773.9
530.6
829.2
566.2

193.3
175.8
172.1
181.3
192.3

308.7

319.0
323.3
349.3
373.9

186.9
218.1
227.6
232.5
231.3

1990
1991
1992
1993
1994

5,743.8
5,916.7
6,244.4
6,550.2
6,931.4

3,839.3
3,975.1
4,219.8
4,454.1
4,698.7

476.5
455.2
488.5
530.7
580.9

1,245.3
1,277.6
1,321.8
1,368.9
1,429.7

2,117.5
2,242.3
2,409.4
2,554.6
2,688.1

799.7
736.2
790.4

375.1
181.7
365.6
169.2
388.7
; 171.8
427.0
180.2 ;•• 487.0

215.7
191.2
225.6
251.7
287.7

1959: |
||
Ill
IV

496.3
509.3
509.6

310.4
316.4
321.7
323.8

41.5
43.2
44.1
41.8

146.1
147.7
149.3
150.9

122.8
125.5
128.4
131.1

76.7
82.7
76.3
79.4

44.5
46.1
47.8
47.6

17.4
18.0
18.6
18.5

27.1
28.1
29.1
29.1

27.8
28.8
28.3
27.5

1960: 1
II
Ill
IV

527.3

327.3
333.2

43.2
44.1
43.6
42.4

150.8
153.6
153.0
153.9

133.3
135.5
136.5
138.7

89.1
79.4
78.4
68.1

49.4
50.2
48.9
48.5

19.4
19.5
19.4
20.0

if; 30.1

333.1
335.0

28.4
26.1
25.3
25.3

1961:1
HI
IV

528.1
538.9
549.6
562.6

335.7
340.6
343.5
350.7

39.9
40.9
42.1
44.2

155.2
156.0
156.5
158.6

140.6
143.7
144.9
147.9

70.1
75.4
82.2
84.0

47.4
48.3
48.6
50.2

19.9
19.6
19.7
19.6

27.5
28.7
28.9
30.6

25.3
25.5
26.9
27.8

1962- 1
II
Ill
IV

575.3
582.8
589.9
592.9

355.3

371.7

45.2
46.4
46.9
48.9

160.6
16.1.9
163.4
165.3

149.5
152.9
155.0
157.5

89.3
87.9
89.1
85.4

51.4
53.0
53.7
53.2

20.0
20.8
21.4
20.9

31.4
32.2
32.3
32.3

1963: 1
||
Ill .,
IV

602.2

375.1
379.4
386.4
391.1

50.0
51.3
52.0
53.1

166.3
167.0
169.4
169.9

158.8
161.1
165.0
168.0

90.3
91.8
94.7
96.6

53.1
54.7
56.3
58.1

20.2
21.2
21.4
21.9

1964: 1
II
Ill'""']"'"

400.5
55.2
649.4
408.3
658.4
56.6
669.2 K 417.1 -. 58.4

171.2
174.4
177.7
181.1

100.6
100.4
101.5
104.4

59.6
61.4
63.5
65.2

i

513.8
526.1
529.0
523.9

II

610.9
623.7
632.8

361.3
365.4

343.1
384.5

101.7

189.4

475.0

465.9
556.2

952.6
1,050.7
1,173.3
1,283.6

501.1
547.1
715.6

871.1
1,014.4

;

575.9
547.3
557.9
598.8
667.2

61.4
65.9
74.6
91.4

62.7
82.5

13.8
10.5

9.1
9.5
2.2
8.5
9.9
17.5
14.1
-6.3
16.9
23.1
27.2
16.9

Exports

-1.7

-1.3
-1.2

1.2
-3.0
-8.0

.6

-23.7
-26.1
-24.0

Imports

416.9
457.9
507.1

:

541.9
579.1
611.7
658.0

8.9

9.9

617.9

628.6
622.3
669.0
724.9

503.6
522.6
528.0

818.4

1,176.1
1,225.9
1,263.8
1,289.9
1,314.7

522.1
516.3

672.6
703.4
735.8
767.8
798.4

5,735.8
5,919.0
6,237.4
6,529.7
6,871.8

5,764.9
5,932.4
6,255.5
6,560.0
6,922.4

21.4
22.5
22.9
22.5

110.9
112.6
112.6
111.9

66.2
67.8
67.7
67.1

44.7
44.9
44.9
44.8

491.9
501.5
509.4
509.5

499.0

20.0
21.8
21.1

512.0
512.5
516.9

10.9

.9
1.7
3.0
4.0

24.2
25.2
25.9
25.8

23.3
23.5
22.9
21.7

110.0
111.8
114.5
116.7

64.0
64.5
66.2
67.7

46.0
47.3
48.2
49.0

516.0
523.0
524.8
529.6

530.3
529.2
532.2
527.3

10.9

1.6
6.7
6.0

4.4
3.3
2.8
2.9

26.1
25.2
26.1
26.8

21.7
21.9
23.3
23.9

117.8
119.7
121.0
.124.9

67.1
68.7
69.3
71.3

50.8
50.9
51.7
53.6

530.7
• 537.3
542.9
556.6

531.8
542.4
553.2
566.3

3.3
8.4
8.1
9.9

28.4
29.2
29.2
29.1

9.5
5.6
6.2
3.1

2.3
3.2
2.9
1.5

26.6
28.1
28.0
27.0

24.3
24.9
25.1
25.6

128.4
130.4
132.6
134.3

74.5
75.9
77.3
78.1

53.9
54.5
55.3
56.2

565.8

9.3
5.3
5.0
2.0

6.8
8.3
4.6
4.2

32.9
33.5
34.9
36.2

30.2
32.2
32.5
33.7

7.0
4.9
5.9
4.8

2.0
3.7
3.1
4.4

27.2
29.6
29.8
31.1

25.2
25.9
26.7
26.8

134.7
135.9
139.5
140.7

76.9
77.3
79.1
79.0

57.8
58.7
60.4
61.7

6.4
5.9
8.7
5.9

3.7
7.5
8.0
6.7

22.4
23.4
24.3
24.8

37.2
38.0
39.3
40.3

35.4
34.2
33.7
33.8

5.6
4.8
4.3
5.4

5.9
4.9
5.4
5.7

32.9
32.6
33.9
35.0

27.0
27.7
28.4
29.3

142.4
144.8
145.1
145.3

79.4
80.1
79.4
78.6

3.0
4.7
3.7

31.5
36.3
35.7
38.0

28.5
31.7
32.0
33.9

146.2
149.9
155.0
160.9

30.7
29.5

,28.4

:

8.0
-2.3

7.0
20.6
59.5

4.4
7.8
.2
4.3
11.3

3.1
4.2
-5.7
-2.6

-80.4
-71.3
-20.5
-29.5
-64.9
-96.4
-1.7
-2.5
-1.1
-1.4

601.8
639.4
660.0
722.0
197

577.1

579.0
586.9

583.7
589.8

594.1
597.7

-.9
2.2
-3.8

615.3
628.2
637.5

62.9
64.6
65.7
66.7

643.8
653.6
664.9
669.7

654.5
663.4
674.3
679.9

10.9

78.3
79.9
82.4
86.5

67.9
70.1
72.7
74.3

683.4
699.0

701.2
713.9
730.4
752.6

12.7

775.6
785.2
798.6

12.7

12.3

1966: 1
||
Ill
IV

770.5
780.0
793.6

472.0

68.9
66.3
68.8
69.1

204.3
208.0
2.11.0

130.5
129.9
129.4
132.0

82.2
84.2
85.3
85.7

31.1
31.2
31.9
31.2

51.1
53.0
53.4
54.5

34.8
33.2
31.9
29.2

13.5
12.5
12.2
17.0

3.2
2.0
.8
1.5

38.2
38.2
39.0
40.4

35.0
36.2
38.2
38.8

164.8
171.1
176.9
181.6

88.5
92.9
96.7
98.4

76.3
78.2
80.2
83.3

757.0
767.5

211.7

198.7
202.8
206.6
211.2

67.6
71.0
71.1
72.0

213.9
215.6
218.0
220.9

215.3
219.6
224.5
228.3

127.1
122.7
128.5
133.9

84.3
84.5
84.7
87.2

31.7
30.9
31.5
32.0

52.7
53.6
53.2
55.3

28.3
31.6
33.4
36.0

14.4

2.3
2.1
1.1
.2

41.7
41.1
40.7
41.9

39.4
39.0
39.5
41.7

190.8
191.9
195.6
200.3

105.1
105.0
107.0
109.1

85.6
87.0
88.6
91.2

802.5

6.5

.2
3.3

606.8

33.9
34.2
34.3
34.5

10.4
10.6

11.0

595.1

43.5
44.3
46.8
48.5

.4.1

4.1
8.4

617.8
627.9

26.1
28.2
28.5
30.4

9.2
9.5
7.8

11.9

606.0

69.7
72.4
75.3
78.9




11.5
11.4
13.0
11.6

8.6
10.4
10.1
11.2
13.0
12.2

557.3

200.8

9.6
24.2
10.9
31.7

115.8
115.8
119.1
121.3

513.7
521.2

8.9

11.2

4,154.5
4,412.6
4,668.1
5,038.7
5,407.0

183.7
187.4
191.0
195.7

See foonotes at end of table.

8.3

464.9
503.3
537.2
574.7

185.0
188.7
192.6
200.0

496.8
506.2

11.7

410.1
435.2
455.7
457.3
477.2

61.9
61.7
63.6
65.9

807.1

6.2
8.1
9.9

875.0
938.5
992.8
1,032.0
1,095.1

430.6
437.8
447.2

816.9
823.0
838.9
855.6

5.4
8.7
9.9

417.2
452.2
507.9
553.2
589.7

695.6
708.2
725.0
747.7

1967: 1
||
Ill
IV

7.8
9.1
6.3
9.5
7.9

303.0
320.7
365.7
447.2
509.3

26.2

371.6
391.2
424.0

1965: 1
||
Ill
IV

477.1

8.5
9.5
5.8
9.2
7.9

303.1

-4.9
67.5

284.1
313.2
344.5
372.6

56.4

486.4
492.0

4.0
3.5
6.9
5.6
7.6

248.4

419.8

..

621.9
668.0

3.8
3.5
7.4
5.5
7.4

572.8
633.4
684.8
735.7
796.6

675.1

461.5

GDP

317.8
303.2
328.6
405.1

-7.6
28.2

-14.5

174.1
177.3
181.0
182.3

IV ;.

Final
sales of
domestic
product

43.3
41.8
46.9
51.6
56.7

Structures

526.6
544.8
585.2

444.3

Federal

42.7

Total

507.2

411.4

Total

Services

1960
1961
1962
1963
1964

342.6
363.4
383.0

Net

period

GNP

durable
goods

1959

318.1
332.2

CBI

Percent change

Final
sales of
State domestic
and local product

715.5
739.9

781.4
790.1
816.5
828.5
845.0

812.5
8222
828.2
844.7

861.2

5.7
6.7
3.6
7.4
9.9
13.1

10.6

5.5
8.1
9.0

8.0
6.4
.1
5.2
5.6
1.4
3.7

.9
5.1
4.2
10.5

10.5

6.2
7.1
3.0
8.4
9.5
9.8
14.3

5.0
7.1
7.0

9.6
5.7
7.4
4.5

4.9
3.0
8.0
8.2

6.4
7.2
6.0
8.2

SURVEY OF CURRENT BUSINESS

108 • January/February 1996

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

Gross private domestic investment
Nonresidential

GDP

Total

Durable
goods

Non-

durable Services
goods

Total

Total

Structures

PDE

Residential

Net

CBI

1968:I
II
Ill
IV

880.6
904.7
919.7
937.3

539.5
553.2
569.1
577.5

77.1
79.1
83.3
83.6

228.1
233.3
239.4
242.0

234.3
240.9
246.3
251.9

135.8
141.7
138.3
144.0

90.6
89.9
91.8
96.0

33.1
33.2
33.2
34.8

57.6
56.7
58.6
61.3

1969:I

959.9

85.5
85.9
86.1
86.2

246.4
251.1
255.2
259.9

256.9
262.4
267.9
275.0

154.5
154.0
158.7
153.0

99.5

101.4
105.1
105.6

35.8
36.7
38.9
39.4

63.7
64.7

1,002.0,

588.8
599.4
609.2
621.1

66.1
66.2

43.2
43.4
43.2
40.7

1970:1 ,
II
Ill
IV

1,014.0
1,029.0
1,047.2
1,052.3

632.4
642.7
655.2
662.1

84.9
86.0
86.9
82.1

266.2
269.8
273.7
278.4

281.4
286.8
294.6
301.6

148.6
150.5
153.3
148.6

105.8
107.1
108.2
105.7

39.5
40.3
40.6
40.8

66.4
66.8
67.6
64.9

40.7
39.4
40.4
45.0

1971:I

1,096.7
1,116.8
1,137.1
1,150.9

681.6
695.8
708.2
724.5

92.7

308.6
316.1
323.7
332.1

169.2
176.2
180.9
177.8

108.2
111.1
112.4
115.3

41.5
42.3
43.1
43.8

66.7
68.8
69.3
71.5

48.6
54.6
58.3
61.5

10.5
10.1

101.5

280.3
284.1
286.7
291.0

741.9
759.9
778.1
802.9

104.9
108.1
111.4
117.0

295.9
304.3
311.5
320.5

341.1
347.5
355.2
365.3

191.8
203.3
209.6
217.9

120.6
123.5
126.3
133.8

45.8
46.6
47.3
49.0

74.9
76.9
78.9
84.9

66.6
68.2
69.6
74.3

11.6
13.8

IV

1,190.1
1,223.5
1,247.6
1,287.9

1973:I
||
Ill
IV

1,337.2
1,367.7
1,390.5
1,435.3

827.2
842.1
860.8
876.1

125.2
124.1
123.8
121.1

330.3
337.0
347.6
357.4

371.6
381.0
389.4
397.6

232.6
240.6
239.4
258.8

141.2
149.0
153.7
156.4

51.3
54.1
56.8
57.7

89.9
94.9
96.8
98.6

77.9
75.8
75.0
72.7

13.6
15.9
10.7
29.7

1974:1
||
III
IV

1,446.6
1,480.2
1,510.9
1,549.7

894.4
922.4
950.1
957.8

118.9
123.0
128.8
118.6

369.1
380.3
391.7
396.7

406.3
419.1
429.7
442.4

241.3
245.2
242.0
254.0

159.0
163.7
168.5
171.0

59.0
61.3
61.4
63.2

100.0
102.3
107.1
107.8

69.0
67.5
67.4
60.0

13.4

22.9

1975:1

1,559.6
1,596.4
1,657.3
1,709.1

982.7
1,012.4
1,046.3
1,075.1

123.2
128.3
138.0
144.4

404.4
415.5
427.7
435.0

455.1
468.6
480.6
495.7

211.5
209.8
234.6
245.6

166.3
166.0
169.7
173.9

61.7
60.4
61.3
62.0

104.6
105.6
108.4
111.8

57.7
59.9
64.6
68.7

-12.4
-16.1
.2
3.0

III
IV

1,767.4
1,797.1
1,830.5
1,880.8

1,110.2
1,130.2
1,159.8
1,195.0

154.1
156.3
159.6
165.3

445.3
452.6
462.4
472.4

510.7
521.4
537.7
557.3

.271.4
285.0
289.6
300.3

179.1
183.4
189.8
196.4

64.1
65.1
66.7
67.8

115.0
118.3
123.1
128.6

76.2
80.7
80.6
92.5

21.0
19.2
11.4

1,230.7
1,259.1
1,290.3
1,328.1

173.6
178.7
183.0
189.0

483.7
492.0
498.5
513.5

573.4
588.3
608.8
625.5

320.4
353.4
378.1
374.5

208.8
218.5
226.8
238.8

69.7
73.6
76.4

IV

1,933.4
2,005.3
2,067.5
2,101.2

139.1
144.8
150.4
160.3

111.7
115.0
116.9

2,144.4
2,274.6
2,334.8
2,411.7

1,358.3
1,417.4
1,450.6
1,488.7

186.8
204.4
204.8
209.8

524.1
542.6
558.1
574.9

647.5
670.4
687.7
704.0

389.6
426.5
444.4
462.7

243.8
268.2
281.3
294.8

79.2
88.6
95.8

102.0

164.5
179.6
185.6
192.8

1979:I
||
Ill
IV

2,464.9
2,522.4
2,592.6
2,650.1

1,529.3
1,563.9
1,617.4
1,663.5

211.1
209.9
218.4
216.3

593.5
610.1
635.3
657.1

724.7
743.9
763.7
790.1

471.4
482.6
486.2
483.2

308.2
314.2
331.4
338.0

104.8
110.0
119.1
125.7

1980: I

2,722.9
2,719.4
2,783.2
2,911.6

1,713.1
1,716.9
1,774.9
1,836.8

219.4
199.2
212.4
223.0

679.2

814.5
831.7

493.5
449.7
430.6
489.9

350.0
338.9
348.7
363.5

1981:1 ...
II ...
III ..
IV .

3,043.2
3,073.3
3,163.2
3,183.9

1,890.3
1,923.5
1,967.4
1,983.9

232.6
227.4
238.4
223.6

745.1
755.5
762.5
769.5

912.6
940.6
966.6
990.8

553.0
537.7
571.7
562.5

1982:1 ...
II ...
III ,
IV .

3,179.6
3,234.7
3,258.5
3,295.5

2,021.4
2,046.1
2,091.1
2,148.7

233.2
235.6
238.1
250.1

775.5
777.8
792.2
801.9

1,012.8
1,032.7
1,060.8
1,096.7

1983:1 ...
II...

3,359.5
3,469.4
3,563.8
3,665.4

2,185.0
2,257,"
2,316.8
2,374.7

254.6
274.7
286.8
303.3

805.3
823.1
841.4
851.1

3,792.8
3,879.2
3,943.3
3,994.4

2,422.5
2,475.6
2,510.5
2,560.6

315.0
324.4
324.9
336.0

4,080.3
4,135.4
4,221.9
4,285.1

2,623.8
2,673.4
2,742.3
2,779.6

4,358.2
4,386.7
4,442.4
4,501.4
4,565.6
4,644.9
4,722.6
4,836.

III
IV

HI
IV
1972:I

IV
1976:1

1978:1
III'!!!!!!!!!!!
IV

in"!!!!!!!!!!
iv

IV
1984:1
Ill
IV

1985:1 ,

IV
1986:I

IV
1987:1

Government2

Net exports'

Exports

Imports

Total

Final
sales of
State
Federal and local domestic
product

Percent change
from preceding
period
GNP

Final
sales of
domestic
product

GDP
886.5
910.8
926.0
943.6

12.2
11.4

102.3

872.4
891.0
912.1
930.2

114.1
114.8
117.6
116.7

104.3
107.2
109.2
111.1

948.1
964.5
982.9
995.2

966.3

10.0

1,008.0

5.9
8.3
3.5

57.9

231.8
233.4
237.9
241.2

117.1
115.5
115.3
115.7

114.7
117.9
122.5
125.5

1,011.9
1,025.0
1,042.6
1,054.4

1,020.3
1,035.7
1,053.8
1,058.4

4.9
6.1
7.3
2.0

58.7
63.3
65.5
61.9

245.1
248.7
251.1
254.6

116.2
116.8
117.3
117.8

128.8
131.9
133.8
136.8

1,084.3
1,106.3
1,126.9
1,150.0

1,104.2
1,124.9
1,144.4
1,158.8

18.0

63.5
63.1
66.2
72.1

72.2
71.4
74.1
79.2

265.2
268.6
267.9
274.1

125.2
127.3
123.1
124.7

140.0
141.3
144.7
149.4

1,185.6
1,211.9
1,233.8
1,278.1

1,198.5
1,231.8
1,256.7
1,297.0

14.3
11.7

81.0
88.3
94.3

85.4

103.4

281.8
286.0
287.1
295.6

128.3
129.1
126.0
129.6

153.5
157.0
161.1
166.1

1,323.6
1,351.7
1,379.8
1,405.6

1,347.9
1,379.4
1,404.4
1,449.7

16.2

89.5
91.1
98.7

114.6
123.8
124.5
134.4

110.3
129.4
133.6
136.6

306.6
318.2
328.0
340.1

133.7
137.2
140.9
147.8

172.9
181.0
187.1
192.3

1,433.3
1,466.2
1,504.9
1,526.8

1,463.9
1,496.8
1,526.4
1,563.2

3.2
9.6
8.6
10.7

138.0
131.8
133.7
141.7

124.9
115.2
122.1
128.7

352.3
357.7
364.9
375.5

150.5
153.0
154.7
159.7

201.8
204.6
210.2
215.9

1,572.1
1,612.5
1,657.1
1,706.1

1,571.3
1,608.3
1,670.6
1,725.3

16.2
13.1

143.1
146.0
150.9
155.4

138.9
147.1
155.8
162.7

381.7
383.0
386.0
392.8

159.3
160.8
163.1
167.7

222.3
222.2
222.9
225.0

1,751.3
1,776.1
1,811.3
1,869.4

1,783.5
1,814.0
1,847.9
1,899.0

14.4

-1.1
-5.0
-7.2

14.0
23.2
36.2
18.8

-21.6
-21.7
-21.1
-30.3

154.8
161.3
161.8
157.1

176.4
183.0
182.9
187.4

403.9
414.6
420.2
428.9

172.7
177.8
179.5
183.7

231.2
236.8
240.7
245.2

1,919.4
1,982.1
2,031.3
2,082.5

1,954.5
2,026.4
2,088.7
2,120.4

11.7
15.7

121.1
130.5
135.8
139.1

24.8
27.8
27.3
28.9

-39.3
-23.3
-24.6
-17.3

164.0
185.6
190.5
204.5

203.3
208.8
215.1
221.8

435.8
453.9
464.4
477.5

186.3
192.5
196.1
202.9

249.5
261.4
268.3
274.6

2,119.6
2,246.8
2,307.5
2,382.8

2,166.8
2,293.7
2,356,
2,437.0

203.4
204.3
212.2
212.3

138.6
140.9
143.5
141.2

24.6
27.5

-19.2
-23.4
-24.4
-29.0

210.7
219.7
232.9
251.5

229.8
243.1
257.3
280.5

483.3
499.3
513.4
532.3

206.5
212.0
216.0
225.6

276.8
287.3
297.4
306.6

2,440.
2,495.0
2,581.2
2,646.1

2,491.4
2,552.9
2,629.7
2,687.5

130.3
129.8
133.6
141.9

219.7
209.1
215.1
221.6

134.5
111.2
115.9
131.3

-8.9

267.1
275.9
282.5
290.3

304.3
292.6
279.2
299.2

553.4
569.5
574.5
593.8

236.3
247.8
248.5
261.1

317.1
321.7
325.9
332.8

2,713.9
2,719.8
2,817.2
2,916.5

2,761.7
2,756.1
2,818.8
2,941.5

11.4

-34.1
-5.0

-37.2
-16.7
3.3

379.7
396.4
413.4
432.2

147.5
158.3
166.8
185.7

232.1
238.1
246.6
246.5

132.0
128.9
120.2
109.6

41.3
12.5
38.1
20.8

-17.0
-16.4
-10.2
-16.3

302.8
305.5
299.7
303.2

319.7
322.0
309.9
319.4

616.9
628.5
634.4
653.7

271.3
282.8
285.4
296.9

345.6
345.7
348.9
356.8

3,001.9
3,060.8
3,125.2
3,163.1

3,076.6
3,105.4
3,197.7
3,222.8

19.4

512.1
517.2
508.6
466.3

426.7
415.0
402.6
395.1

183.8
179.6
170.4

104.8
102.8
102.3
112.8

-19.4
-.6
3.7
-41.6

-17.2

1662

242.9
235.4
232.2
228.9

-30.3
-29.7

292.3
294.2
279.0
265.1

309.5
299.1
309.3
294.9

663.4
676.3
689.1
710.3

301.5
307.6
314.8
328.9

361.9
368.7
374.3
381.4

3,199.1
3,235.3
3,254.8
3,337.2

3,211.0
3,270.3
3,287.8
3,323.8

1,125.1
1,159.4
1,188.5
1,220.2

479.8
526.2
562.2
620.2

383.7
385.8
400.9
427.4

156.7
147.8
151.0
155.5

227.0
238.0
249.9
272.0

130.9

-34.8

-24.6
-45.5
-65.2
-71.3

270.6
272.5
278.2
286.7

295.3
318.0
343.4
358.0

719.4
731.5
750.0
741.9

334.5
343.8
355.5
344.0

384.8
387.7
394.5
397.9

3,394.3
3,477.2
3,565.0
3,641.2

3,388.2
3,501.0
3,596.8
3,700.3

865.4
882.7
888.6
897.5

1,242.0
1,268.5
1,297.1
1,327.0

697.3
715.6
732.8
716.5

440.4
464.0
478.4
490.3

164.5
174.4
181.0
184.2

275.9
289.6
297.5
306.1

175.6
181.4
180.8
181.3

-94.3
-103.5
-103.1
-107.1

293.7
303.0
306.5
309.2

388.0
406.5
409.6
416.4

767.4
791.4
803.1
824.5

358.1
372.6
373.3
386.3

409.3
418.8
429.8
438.2

3,711.6
3,808.9
3,869.8
3,949.5

3,824.'
3,911.3
3,975.6
4,022.7

14.6
9.4
6.8
5.3

349.8
354.4
376.8
363.2

909.3
923.0
931.7
946.3

1,364.7
1,395.9
1,433.8
1,470.1

704.8
711.9
706.7
737.0

496.6
504.1
498.2
508.9

193.5
194.1
191.0
194.6

303.1
310.0
307.2
314.3

183.4
182.8
187.7
193.9

-91.4
-114.'
-117.!
-133.6

305.9
303.9
297.0
305.3

397.3
418.6
414.2
438.9

843.1
864.8
890.0
902.1

395.2
404.4
418.6
422.2

448.0
460.4
471.4
479.9

4,055.6
4,110.5
4,201.0
4,250.9

4,100.4
4,158.7
4,238.8
4,306.2

8.9
5.5
8.6
6.1

2,823.3
2,855.6
2,926.2
2,965.6

370.3
384.7
422.0
417.6

956.1
949.4
955.6
967.8

1,496.9
1,521.5
1,548.7
1,580.2

752.1
730.9
698.5
708.7

502.4
492.6
488.6
495.6

190.9
173.9
168.3
170.1

311.5
318.7
320.3
325.5

204.5
218.3
224.1
225.6

-126.9
-128.8
-138.0
-132.3

312.2
314.5
320.5
335.4

439.1
443.4
458.5
467.7

909.7
929.1
955.7
959.5

418.6
431.1
448.4
442.8

491.1
498.0
507.3
516.7

4,313.
4,366.8
4,456.5
4,513.9

4,376.6
4,399.4
4,455.8
4,508.5

7.0
2.6
5.2
5.4

3,002.4
3,070.0

394.2
413.8
434.7
424.1

992.9
1,010.4
1,020.7
1,031.9

1,615.2
1,645.8
1,678.9
1,715.3

729.5
732.2
734.0
793.1

480.0
490.1
504.6
506.8

165.4
167.3
175.3
180.3

314.6
322.8
3293
326.5

225.3
229.1
227.228.4

-139.4
-144;
-142.4
-142.0

337.4
356.9
373.9
394.7

476.9
501.6
516.4
536.7

973.2
987.4
996.8
1,013.8

447.9
454.9
456.5
463.4

525.3
532.6
540.4
550.4

4,541.5
4,632.1
4,720.6
4,778.2

4,573.1
4,655.5
4,731.'
4,845.2

5.8
7.1
6.9

973.7
993.3

See foonotes at end of table.




95.5
97.8

717.8

78.5

43.2
44.8
47.0
46.2

44.4
45.4
48.2
48.2

206.6
210.4
213.6
217.7

112.4
113.1
114.2
115.5

43.8
52.7
52.4

.1

41.9
50.9
51.0
53.2

218.4
222.0
226.7
227.8

54.7
57.6
57.3
58.3

53.5
55.2
56.4

-2.0

1.1
2.4
.9
.4

12.4

.8
-3.8
-3.1
-6.0

59.5
59.5
62.4
56.0

-8.6
-8.3
-7.9
-7.1
-4.4
-1.1

8.3
38.2
38.9
40.9

97.6

13.7

7.6
7.0
11.8

9.2

10.4
6.7
2.0
4.1
4.7

1.0
4.5

9.8

14.0

6.1

16.2

11.3

4.0
9.0
-.4

148,

-7.9

162.6
168.5

-1.
24.
81.3

70.
73.5
44.9
24.7
25.0
20.9
34.2
45.1
20.0

-14.1
-12.4
24.2
12.8

2.0
58.0

-1.2

-.6
-1.3
-1.9
-1.9
-1.8
-1.3

3.2
4.7
4.3
-5.6
-9.1
-2.2
13.1
16.6
11.6
12.9

4.2

-5.0

53.1

94.2
97.3
99.5

979.9

999.3

6.8
7.8

7.5
7.4
5.0

8.1
13.5

9.4
6.8
13.5

2.6
9.8

6.9
7.6
11.5

13.0

6.7
8.5
26.6
11.0
13.8

9.1
9.7
11.6

9.2
-.5
9.7
19.8

4.0
12.2

2.6

3.0
4.6
8.0
13.7
11.3
11.9

10.0

SURVEY OF CURRENT BUSINESS

January/February 1996

Table 1—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures

Gross private domestic investment

Government2

Net exports 1

Nonresidential
Year and
quarter

GDP

.1988:1

Total

Durable
goods

Non-

durable
goods

Services

Total

Total

Structures

PDE

Residential

CBI

4,898.5
5,000.5
5,094.5
5,204.9

3,247.1
3,310.2
3,382.3
3,459.2

444.2
448.2
447.1
464.5

1,045.4
1,067.8
1,094.0
1,117,1

1,757.5
1,794.2
1,841.2
1,877.6

756.8
767.4
776.4
795.1

515.9
529.4
533.2
543.7

177.4
182.5
181,9
183.3

338.5
346.9
351.3
360.4

228.4
231.4
233.6
236.6

12.5

II
Ill
IV

5,316.9
5,413.1
5,486.8
5,537.9

3,506.1
3,569.7
3,627.3
3,676.1

462.5
472.5
484.6
471.7

1,132.3
1,159.6
1,173.6
1,189.8

1,911.4
1,937.6
1,969.1
2,014.5

829.1
835.9
831.8
820.0

553.0
562.0
579.0
570.9

188.3
188.0
196.4
196.6

364.7
374.0
382.5
374.3

237.2
232.2
229.1
226.6

1990- 1
II
Ill
IV

5,660.4
5,751.0
5,782.4
5,781.5

3,759.2
3,811.8
3,879.2
3,907.0

493.3
477.6
473.2
461.9

1,220.7
1,230.2
1,256.2
1,274.1

2,045.3
2,104.1
2,149.8
2,171.0

822.5
835.2
804.9
736.1

581.2
571.6
580.3
570.6

201.9
202.4
203.5
195.4

379;3
369.2
376.7
375.1

232.7
222.4
210.9
196.9

1991- 1
||
Ill
IV

5,822.1
5,892.3
5,950.0
6,002.3

3,910.7
3,961.0
4,001.6
4,027.1

449.0
452.7
462.0
457.3

1,268.3
1,279.7
1,283.4
1,279.0

2,193.5
2,228.6
2,256.3
2,290.7

723.6
716.2
743.9
760.9

555.4
550.2
544.3
539.2

192.3
187.6
176.1
170.8

363.1
362.6
368.2
368.4

184.3
185.9
194.3
200.3

1992: 1
II
III
IV

6,121.8
6,201.2
6,271.7
6,383.0

4,127.6
4,183.0
4,238.9
4,329.6

474.1
481.3
492.5
506.2

1,303.1
1,308.4
1,326.3
1,349.5

2,350.4
2,393.3
2,420.1
2,473.9

755.2
790.8
799.7
816.1

544.1
556.8
561.0
569.6

171.6
170.4
167.6
167.1

372.5
386.3
393.4
402.5

211.3
223.7
227.1
240.1

10.2
11.6

1993: |
II.
Ill
IV..

6,442.8
6,503.2
6,571.3
6,683.7

4,367.8
4,424.7
4,481.0
4,543.0

508.3
525.2
536.7
552.3

1,354.1
1,364.2
1,371.4
1,386.1

2,505.3
2,535.4
2,572.9
2,604.6

843.6
855.9
873.8
911.2

580.3
591.1
599.2
624.6

170.2
169.7
171.4
175.8

410.1
421.3
427.7
448.8

243.5
243.2
252.6
267.7

19.9
21.6
22.0
18.8

19941 I
II
Ill
IV

6,772.8
6,885.0
6,987.6
7,080.0

4,599.2
4,665.1
4,734.4
4,796.0

562.6
573.1
585.3
602.7

1,399.7
1,416.6
1,443.5
1,459.0

2,636.8
2,675.4
2,705.6
2,734.4

957.6
1,016.5
1,033.6
1,050.1

638.8
653.5
678.5
697.9

171.8
179.1
181.0
188.8

467.0
474.4
497.5
509.1

278.5
288.5
290.4
293.5

7,147.8
7,196.5
7,297.2

4,836.3
4,908.7
4,965.1

593.0
604.0
616.0

1,471.6
1,486.9
1,491.3

2,771.7
2,817.9
2,857.8

1,072.0
1,050.3
1,067.1

723.6
734.4
746.3

194.5
197.6
202.3

529.0
536.8
544.0

290.4
281.9
290.2

II
Ill
IV
1989:1

1995: I ..
||
Ill

.

...

1. Net exports of goods and services.
2. Government consumption expenditures and gross investment.
GDP Gross domestic product




Net

Exports

Imports

Total

Federal

Final
sales of
domestic
State
and local product

Percent change
from preceding
period

GNP
GDP

Final
sales of
domestic
product

14.8

-120.9
-103.3
-95.8
-104.2

421.1
442.1
456.2
469.3

542.0
545.4
552.0
573.5

1,015.5
1,026.2
1,031.5
1,054.8

456.3
454.6
453.5
465.0

559.1
571.6
578.1
589.9

4,886.0
4,993.9
5,084.8
5,190.1

4,914.5
5,013.7
5,105.3
5,217.1

5.3
8.6
7.7
9.0

9.3
9.1
7.5
8.5

39.0
41.6
23.7
22.5

-83.7
-81.2
-79.3
-77.5

492.6
512.8
509.7
522.1

576.3
594.0
589.0
599.7

1,065.3
1,088.7
1,107.0
1,119.4

465.5
476.5
484.9
482.0

599.9
612.1
622.1
637.4

5,277.9
5,371.4
5,463.0
5,515.4

5,329.2
5,423.9
5,501.3
5,557.0

8.9
7.4
5.6
3.8

6.9
7.3
7.0
3.9

-74.3
-60.3
-78.5
-72.0

541.6
554.8
555.5
577.3

615.9
615.1
634.1
649.2

1,153.0
1,164.3
1,176.9
1,210.4

496.4
500.1
501.2
516.7

656.6
664.2
675.7
693.7

5,651.8
5,709.8
5,768.7
5,812.9

5,681.4
5,767.8
5,796.8
5,813.6

9.1
6.6
2.2
-.1

-32.9
-12.3
-22.0
-14.8

577.4
602.7
602.6
624.4

610.3
615.0
624.5
639.3

1,220.6
1,227.4
1,226.5
1,229.2

525.6
528.2
520.9
515.5

695.0
6992
705.5
713.6

5,838.2
5,912.2
5,944.7
5,980.9

5,849.0
5,904.5
5,959.4
6,016.6

2.8
4.9
4.0
3.6

1.7
5.2
2.2
2.5

-8.9

-427

632.4
635.9
640.2
649.1

641.3
664.9
677.8
691.8

1,247.9
1,256.4
1,270.7
1,280.0

521.8
523.2
532.0
535.0

726.1
733.2
738.7
745.1

6,122.1
6,191.0
6,260.1
6,376.6

6,138.3
6,212.2
6,281.1
6,390.5

8.2
5.3
4.6
7.3

9.8
4.6
4.5
7.7

-47.4
-£2.0
-77.1
-73.2

649.4
662.5
648.5
679.4

696.8
724.6
725.6
752.6

1,278.8
1,284.6
1,293.6
1,302.7

525.0
519.6
520.8
522.9

753.8
765.0
772.7
779.7

6,422.9
6,481.6
6,549.3
6,664.9

6,458.4
6,512.3
6,584.8
6,684.5

3.8
3.8
4.3
7.0

2.9
3.7
4.2
7.2

40.2
74.5
64.7
58.7

-80.3
-97.4
-108.4
-99.7

681.5
708.6
734.2
763.6

761.7
806.0
842.6
863.3

1,296.4
1,300.8
1,328.0
1,333.5

511.3
509.4
523.6
520.9

785.0
791.4
804.4
812.6

6,732.6
6,810.5
6,922.9
7,021.3

6,773.6
6,876.3
6,977.6
7,062.2

5.4
6.8
6.1
5.4

4.1
4.7
6.8
5.8

58.1
34.0
30.6

-106.6
-122.4
-100.6

778.6
796.9
813.2

885.1
919.3
913.7

1,346.0
1,359.9
1,365.5

519.9
522.6
517.3

826.1
837.3
848.2

7,089.7
7,162.5
7,266.6

7,140.5
7,187.0
7,281.3

3.9
2.8
5.7

4.0
4.2
5.9

6.6
9.6

8.6
41.2
13.8

-31.4
-16.1
-19.9
5.3
21.4

-.3

6.4

-29.0
-37.6

CBI Change in business inventories
GNP Gross national product
PDE Producers' durable equipment

10.3

4.2
4.2
3.1

SURVEY OF CURRENT BUSINESS

11O • January/February 1996

Table 2.—Real Gross Domestic Product
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

Government2

Net exports l

Gross private domestic investment
Nonresidential

GDP

Total

1959

2,212.3

1,394.6

1960

1962
1963
1964

2,261.7
2,309.8
2,449.1
2554.0
2J02.9

1,432.6
1,461.5
1,533.8
1,596.6
1,692.3

1965
1966
1967
1968
1969 .

2,874.8
3,060.2
3,140.2
3,288.6
3,388.0

1970
1971
1972
1973
1974

NonDurable durable Services
goods goods

103.1
105.2
101.2
113.0

Total
Total

Structures

PDE

Residential

CBI

Net

Exports

Imports

Total

Federal

State
and
Ixal

Final
sales of
Residual domestic
product

Percent change
from orecedino
period
GNP

GDP

131.1
121.8

13.5

-34.8

71.9

106.6

618.5

360.5

256.8

-68.9

10.6

122.2
133.9

20.0

-21.3
-19.1
-26.5

108.1
107.3
119.5

1496

181

-227

-15.9

86.8
88.3
93.0
1000

ms

1227
129£

617.2
647.2
686.0
701 9
71&9

349.4
363.0
393.2
391 8
385!2

267.2
283.8
292.1
3097
330S

-70.9 2,264.2 2,274.8
-69.9 2,318.0 2,324.6
-85.6 2,445.4 2,465.9
-81 5 25524 25720
-75'.2 2JO&1 2>22i3

115.9
133.8
132.5
140.5
152.2

153.7
140.0
135.6
154.0
158.6

30.2
42.3
32.1
26.9
27.2

-27.4
-40.9
-50.1
-67.2
-71.3

115.6
123.4
126.1
135.3
142.7

143.0
164.2
176.2
202.5
214.0

737.6
804.6
865.6
892.4
887.5

385.2
429.1
471.7
476.3
459.9

353.2
375.9
394.2
416.5
428.0

-59.4
-51.4
-65.1
-55.6
-50.6

2,860.4
3,033.5
3,125.1
3,278.0
3,377.2

141.7
139.4
143.7
155.4
152.2

149.5
150.7
169.8
201.2
205.4

149.1
190.0
223.7
2223
176.4

5.7
22.7
25.2
39.0
24.0

-65.0
-75.8
-88.9
-63.0
-35.6

158.1
159.2
172.0
209.6
229.8

223.1
235.0
261.0
272.6
265.3

866.8
851.0
854.1
848.4
862.9

427.2
397.0
390.2
371.1
368.8

440.0
454.4
464.5
478.5
495.6

-61.5
-56.4
-45.1
-20.3
-12.6

317.3
332.6
371.8
422.6
463.3

136.2
139.6
146.4
162.3
182.7

183.9
195.2
225.6
259.6
280.7

153.5
189.7
229.8
245.0
236.0

-11.0

-7.2

29.0
38.0
42.3
23.1

-39 9
-64.2
-65.6
-45.3

228.2
241.6
247.4
273.1
299.0

235.4
281.5
311.6
338.6
344.3

876.3
876.8
884.7
910.6
924.9

367.9
364.3
370.1
377.7
383.3

510.0
514.3
516.4
534.7
543.5

-42.9
-21.5

626.2
6897
5904
647.8
831.6

461.1
4857
4643
456.4
535.4

195.0

186.1
171.2
140.1
197.6
226.4

-10.0
331

10.1

321.3
3297
325.5
366.6
455.7

941.4
9477
960.'l
987.3
1,018.4

543.6
5328

1.2
21 5

4294
452.7
463.7

5314

-9.4

-5.9
74.8

5.6
-14.1
-63.3
-127.3

331.4
335.3
311.4
303.3
328.4

399.3

207^2
185.7
212.2

268.2
2782
260i3
272.4
324.6

534.9
555.0

-12.9
-.9

1,977.3
2,041.4
2,126.9
2,212.4
2,262.3

829.2
813.8
820.5
826.0
861.9

568.4
548.5
542.4
566.0
588.8

227.8
203.3
195.9
196.8
201.2

342.4
345.9
346.9
369.2
387.6

229.5
257.0
257.6
252.5
243.2

29.8
10.9
26.2
11.6
33.3

-147.9
-163.9
-156.2
-114.4
-82.7

337.3
362.2
402.0
465.8
520.2

485.2
526.1
558.2
580.2
603.0

1,080.1
1,135.0
1,165.9
1,180.9
1,213.9

495.6
518.4
534.4
524.6
531.5

584.7
616.9
631.8
656.6
682.6

-4.3
-9.3
-4.3

1,316.1
1,302.9
1,321.8
1 348.9
1,390.5

2,321.3
2,341.0
2,409.4
2,466.8
2,519.4

817.3
737.7
790.4
857.3
979.6

585.2
547.7
557.9
593.6
652.1

203.3
181.6
169.2
166.3
168.8

381.9
366.2
388.7
427.6
484.1

220.6
193.4
225.6
242.7
268.9

10.4
-3.0

-€1.9
-22.3
-29.5
-74.4
-108.1

564.4
599.9
639.4
660.6
715.1

626.3
622.2
669.0
735.0
823.3

1,250.4
1,258.0
1,263.8
1 260.5
1,259.9

541.9
539.4
528.0
508.7
489.7

708.6
718.7
735.8
751.8
770.5

106.5
101.0

608.1
612.2

692.9
702.6

269.5
272.4

151.6
151.4

87.8
87.2

73.0
73.1

132.0
128.1

-33.6
-33.8

75.8
72.9

109.4
106.7

624.2
618.5

365.6
361.4

1,422.5
1,439.6
1,433.5
1,434.8

104.5
106.9
106.1
103.2

612.1
619.3
615.0
615.4

711.0
717.3
717.1
724.3

308.1
275.1
268.3
230.5

156.7
158.7
154.6
153.6

90.8
91.9
92.1
95.6

75.6
76.8
73.7
71.2

131.8
121.0
117.3
117.2

-27.3
-24.5
-19.1
-14.1

83.2
86.7
88.7
88.7

110.5
111.2
107.8
102.7

605.5
613.6
621.6
627.9

2,245.6
2,286.1
2,328.2
2,379.4

1,434.2
1,455.7
1,463.5
1,492.8

97.1
99.2

731.5
744.7
748.3
761.5

238.3
255.2
279.7
287.7

150.6
153.2
154.5
159.8

95.2
93.6
93.6
93.1

68.7
71.7
72.7
77.1

117.6
118.0
124.4
128.6

-6.5

101.7
106.8

619.5
625.9
626.3
635.3

19.9
17.6

-13.0
-18.6
-21.8
-23.0

89.3
85.0
88.6
90.1

102.3
103.6
110.4
113.1

1962: 1
||
Ill
IV

2,420.4
2,440.0
2,465.2
2,470.7

1,508.4
1,526.7
1,539.6
1,560.6

109.1
111.9
113.0
118.2

640.7
643.9
648.7
652.7

768.6
780.5
787.6
797.0

304.3
296.4
302.0
291.3

163.3
168.6
170.8
169.2

94.8
98.2

79.0
81.4
81.7
81.8

130.9
135.0
134.9
134.7

30.0
15.6
21.1
13.3

-27.0
-23.6
-25.4
-30.2

89.5
95.4
95.2
91.9

1963: 1
II
Ill
IV

2,502.3
2,532.9
2,581.4
2,599.7

1,571.2
1,586.3
1,607.6
1,621.1

120.7
123.4
124.9
127.0

655.3
658.0
663.2
663.7

801.2
810.1
826.0
837.3

308.8
313.0
324.3
326.6

168.7
173.7
178.8
184.5

139.6
149.6
152.4
157.0

25.9
16.5
19.2
11.0

-27.0
-21.4
-23.7
-18.7

92.1

100.1
102.1

83.2
84.7
88.4
92.0

1964: 1
||
Ill
IV

2,661.8
2,692.5
2,723.9
2,733.6

1,653.6
1,683.1
1,713.9
1,718.6

131.7
135.3
139.7
135.2

676.3
688.8
701.3
703.7

850.4
862.6
874.4
886.2

342.8
340.9
345.2
349.6

189.4
194.1
200.6
204.5

104.8
108.4
111.9
112.8

94.4
96.2
99.5

102.1

166.6
158.2
155.6
152.8

15.6
15.8
14.5
16.6

1965: 1
II
Ill
IV

2,800.8
2,844.2
2,889.2
2,965.2

1,756.2
1,776.1
1,806.1
1,858.0

148.1
148.4
153.7
160.3

711.9
719.9
730.1
755.4

894.6
907.5
919.8
936.3

385.7
390.3
393.4
400.4

218,7
226.6
235.0
244.9

118.6
126.9
128.2
134.1

110.4
112.1
118.2
122.9

153.4
154.6
155.2
151.8

1966: 1
II
HI
IV

3 034.4
3,046.2
3,067.6
3,092.6

1 885.6
1,890.9
1,912.4
1,919.1

1680

161.0
166.5
166.6

7624
769.0
774.2
771.2

9452
956.8
965.1
976.8

4297
422.5
419.7
422.2

2556
259.3
262.0
260.8

137.3
134.6
137.6
133.0

129.7
134.3
134.7
136.5

1967- |
II
Ill
IV

3,119.7
3,122.3
3,147.3
3,171.6

1,931.2
1,957.5
1,967.1
1,978.5

163.3
170.7
169.1
169.4

777.3
781.0
781.5
785.8

989.7
1,002.0
1,015.6
1,023.0

410.4
394.4
406.7
416.1

255.0
254.4
253.4
258.6

134.3
130.5
131.8
132.1

1968: 1
||
Ill
IV

3,230.2
3,286.6
3,311.1
3,326.3

2,025.1
2,056.4
2,095.1
2,104.4

180.1
183.6
192.0
190.8

802.9
813.1
825.8
825.7

1,036.2
1,053.6
1,067.4
1,080.9

421.2
439.1
427.0
431.8

266.4
261.6
264.9
272.7

1969- I
||
Ill
IV

3,376.9
3,385.2
3,404.3
3,385.6

2,128.0
2,141.4
2,152.0
2,168.8

194.1
193.7
193.2
192.1

833.5
837.6
839.1
844.2

1,092.5
1,104.1
1,115.5
1,130.8

459.9
455.5
464.5
437.8

1970: 1
II
Ill
IV

3,378.1
3,382.1
3,412.9
3,379.6

2,182.3
2,192.9
2,211.6
2,204.6

188.7
190.7
191.3
177.6

853.1
854.9
860.7
867.5

1,141.8
1,148.4
1,161.9
1,169.8

421.8
420.6
428.6
407.1

606.3

687.4

274.2

147.7

85.8

71.4

717.4
746.5
783.4

92.6
93.9
98.1

74.3
72.5
81.0

1764
19/1

992

868.4

270.5
265.2
298.5
'•318 1
344!6

155.9
154.5
168.0

1240
13&5

615.4
626.7
646.5
6600
692^5

irai

87 1
9&1

1,799.1
1,902.0
1,958.6
2,070.2
2,147.5

152.6
165.5
168.1
186.6
193.3

729.3
769.2
781.4
816.9
838.6

914.6
961.0
1,007.6
1,059.6
1,110.8

392.5
423.5
406.9
429.8
454.4

231.3
259.4
255.3
266.4
285.6

126.9
135.6
132.2
134.1
141.3

3,388.2
3,500.1
3,690.3
3,902.3
3,888.2

2,197.8
2,279.5
2,415.9
2,532.6
2,514.7

187.0
205.7
231.9
255.8
238.2

859.1
874.5
912.9
942,9
924.5

1,155.4
1,197.9
1,262.5
1,319.4
1,351.2

419.5
467.4
522.1
583.5
544.4

282.8
282.4
307.7
352.5
354.4

1975
1976
1977
1978
1979

3,865.1
4081.1
4,279.3
4,493.7
4,624.0

2,570.0
2714.3
2,829.8
2,951.6
3,020.2

238.1
268.5
293.4
308.8
307.3

938.3
984.8
1,010.4
1,045.7
1,069.7

1,398.3
1,457.1
1,518.2
1,589.3
1,639.8

440.5
536.6
627.1
686.0
704.5

1980
1981
1982
1983
1984

4,611.9
4 724.9
4i623.6
4,810.0
5,138.2

3,009.7
3 046.4
3!081.5
3,240.6
3,407.6

282.6
2858
285^5
327.4
374.9

1,065.1 1,670.7
1 074 3 1 696 1
1>28.2
1,112.4 1,809.0
1,151.8 1,883.0

1985
1986
1987
1988
1989

5,329.5
5,489.9
5,648.4
5,862.9
6,060.4

3,566.5
3,708.7
3,822.3
3,972.7
4,064.6

411.4
448.4
454.9
483.5
496.2

1,178.3
1,215.9
1,239.3
1,274.4
1,303.5

1990
1991
1992
1993
1994

6,138.7
6,079.0
6,244.4
6,383.8
6,604.2

4,132.2
4,105.8
4,219.8
4,339.7
4,471.1

493.3
462.0
488.5
524.1
562.0

1959: 1
II
Ill
IV

2,225.6
2,225.8

1,407.2
1,409.5

1960: 1
II
Ill
IV

2,283.3
2,268.5
2,265.8
2,229.1

1961- 1
||
Ill
IV

1%1

See foonotes at end of table.




8187

lioeoie

Final
sales of
domestic
product

2,206.9 2,224.3
2.2
2.1
6.0
43
5i

2.6

2,895.2
3,078.9
3,159.4
3,309.2
3,407.8

6.4
6.4
2.6
4.7
3.0

5.7
6.1
3.0
4.9
3.0

3,406.5
3,499.8
3,689.5
3,883.9
3,873.4

3,407.7
3,522.2
3,714.3
3,936.0
3,927.1

0
3.3
5.4
5.7
-.4

.9
2.7
5.4
5.3
-.3

3,906.4
4,061.7
4,240.8
4,464.4
4,614.4

3,894.5
4,116.9
4,320.2
4,534.4
4,680.8

-.6
56
4.9
5.0
2.9

.9
4.0
4.4
5.3
3.4

4,641.9
4691 6
4',651.2
4,821.2
5,061.6

4,667.7
4 774.1
4]6654
4,851.2
5,176.1

-.3
2.5
4.0
6.8

.6
1.1
-.9
3.7
5.0

1.8

5,296.9
5,480.9
5,626.0
5,855.1
6,028.7

5,352.7
5,503.4
5,657.2
5,876.2
6,074.0

3.7
3.0
2.9
3.8
3.4

4.6
3.5
2.6
4.1
3.0

3.2
-.9
-.3
2.2
-.4

6,126.7
6,082.6
6,237.4
6,362.9
6,546.3

6,159.4
6,094.4
6,255.5
6,393.7
6,596.6

1.3

1.6
-.7
2.5
2.0
2.9

257.3
255.9

-68.2
-69.5

2,232.6
2,225.3

2,237.7
2,238.7

345.0
347.1
351.1
354.5

259.9
266.0
270.0
273.0

-53.7
-63.8
-72.0
-35.2

2,248.5
2,268.4
2,265.1
2,274.7

2,295.7
2,281.2
2,279.1
2,243.4

635.6
641.2
648.0
663.9

353.6
360.6
364.9
373.0

281.8
280.1
282.6
290.5

-99.9
-93.7
-84.4
-81.1

2,277.7 2,260.7
2,301.1 2,300.3
2,320.4 2,342.8
2,372.8 2,394.3

3.0
7.4
7.6
9.1

.5
4.2
3.4
9.3

116.5
119.0
120.5
122.0

674.8
682.4
691.4
695.4

386.2
391.7
397.0
398.0

288.0
290.0
293.6
296.7

-79.9
-84.6
-88.0
-90.0

2,400.3
2,440.7
2,462.0
2,478.7

2,435.3
2,456.4
2,481.8
2,489.9

7.1
3.3
4.2
.9

4.7
6.9
3.5
2.7

100.6
101.3
106.0

119.1
122.0
125.0
124.7

691.1
694.5
713.3
708.6

388.3
388.8
399.5
390.5

302.3
305.3
313.4
317.9

-82.2
-81.5
-82.0
-80.1

2,492.4
2,533.8
2,578.0
2,605.3

2,520.4
2,550.4
2,599.1
2,618.0

5.2
5.0
7.9
2.9

2.2
6.8
7.2
4.3

-12.8
-16.5
-16.6
-17.6

111.7
110.8
114.2
116.6

124.5
127.4
130.8
134.2

712.5
721.4
714.9
714.7

389.5
391.6
381.7
377.9

322.9
329.9
333.6
337.3

-77.6
-77.7
-71.7
-73.4

2,663.1
2,695.0
2,727.6
2,734.5

2,681.9
2,711.7
2,743.8
2,751.9

9.9
4.7
4.7
1.4

9.2
4.9
4.9
1.0

35.7
31.6
26.7
26.7

-26.9
-26.0
-28.7
-27.8

102.5
118.7
116.6
124.7

129.4
144.7
145.3
152.5

713.8
728.4
746.3
761.7

374.2
380.2
388.2
398.3

340.4
349.0
359.1
364.2

-59.6
-60.0
-61.3
-57.0

2,777.2
2,826.7
2,879.8
2,957.8

2,821.9
2,866.1
2,909.4
2,983.3

155.2
142.8
138.2
123.7

41.1
38.2
37.8
52.1

-33.2
-38.0
-46.3
-45.9

123.1
122.2
123.0
125.1

156.3
160.2
169.3
171.1

776.3
799.9
812.5
829.5

407.7
428.1
436.6
444.2

369.4
372.3
376.3
385.8

-48.4
-52.9
-53.1
-51.3

3,008.8
3,023.1
3,047.2
3,054.8

3,053.1
3,065.0
3,085.8
3,111.7

9.7
1.6
2.8
3.3

7.1
1.9
3.2
1.0

130.9
132.7
131.0
135.2

119.9
133.6
140.3
148.4

47.3
23.3
29.7
27.9

-46.6
-46.8
-50.4
-56.6

127.0
125.6
124.4
127.3

173.6
172.4
174.8
184.0

864.3
860.2
865.4
872.5

474.4
468.3
471,8
472.3

390.2
392.2
393.9
400.6

-61.0
-65.2
-67.0
-66.4

3,085.6
3,119.0
3,134.2
3,161.5

3,138.5
3,140.5
3,167.5
3,191.1

3.6
5
3.2
3.1

4.1
4.4
2.0
3.5

134.7
133.5
132.6
135.4

140.1
136.8
140.2
145.0

149.3
153.1
155.9
157.8

22.0
39.7
24.2
21.6

-64.4
-65.2
-68.9
-70.2

130.3
132.5
140.7
137.6

194.7
197.7
209.6
207.8

887.3
892.2
893.6
896.6

480.5
477.7
473.6
473.5

407.1
414.9
420.4
423.6

-58.3
-54.2
-52.1
-57.8

3,225.3
3,258.0
3,303.9
3,325.1

3,250.2
3,307.2
3,332.3
3,347.3

7.6
7.2
3.0
1.8

8.3
4.1
5.8
2.6

280.4
283.2
290.6
288.4

137.4
138.5
145.1
144.1

150.2
151.8
153.9
152.7

163.5
161.7
160.5
148.7

35.8
30.1
30.3
12.7

-65.1
-75.8
-74.8
-69.6

123.2
149.5
147.7
150.4

188.3
225.3
222.4
220.0

891.6
890.8
888.7
878.8

466.3
462.5
459.8
451.0

425.7
428.8
429.3
428.2

-57.0
-47.8
-47.7
-49.3

3,357.5 3,397.9
3,373.0 3,405.3
3,389.6 3,423.3
3,388.9 3,404.6

6.2
1.0
2.3

4.0
1.9
2.0
-.1

285.9
284.3
285.8
275.3

143.0
141.5
142.1
140.4

151.4
150.9
151.8
143.9

149.0
139.1
146.4
161.9

-65.6
-64.6
-64.3
-65.6

153.8
159.0
158.7
160.9

219.4
223.6
223.0
226.5

871.8
863.2
866.7
865.5

439.7
428.5
422.0
418.3

432.5
435.0
445.0
447.5

-56.3
-53.5
-59.1
-77.4

3,397.6
3,391.9
3,421.9
3,414.8

2104

100.9
98.4
95.0
99.4

15&3

8.9

i&e

-isle

7.3
19.1
58.9

4.2
7.6
33.6
10.5
14.5

-16.1
4.6

.8
11.2
15.1
-4.3

4159

-4.8
-6.2

3.2

.6

3,397.7
3,402.4
3,432.9
3,397.7

-2.1

-1.0

2.7
2.2
3.5

0
10.8
-2.6

-.5
-6.3

10.2

6.4
6.5
10.9

-2.2

_(
'.5
3.7
-3.9

2.4
5.5
44
&0

-1.3

4.2
3.6
-.6
1.7

6.4
7.3
7.7
11.3

1.0
-.7
3.6
-.8

SURVEY OF CURRENT BUSINESS

January/February 1996

•

111

Table 2—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

1971:I

Nonresidential
GDP

Total

NonDurable durable Services
goods goods

Total

Total

Structures

CBI

PDE

Net

Exports

Imports

Total

Federal

State
and
local

Final
sales of
Residual domestic
product

Percent change
from preceding
period
GNP
GDP

-64.3
-81.5
-78.1
-79.5

159.6
159.4
168.1
149.7

223.9
240.9
246.1
229.2

856.4
852.5
848.8
846.4

406.6
399.7
394.8
386.8

450.0
453.1
454.3
460.0

-59.6
-55.4
-51.4
-58.9

3,458.9
3,481.2
3,509.4
3,549.5

3,493.5
3,514.7
3,534.9
3,545.8

11.4
32.8
36.7
19.7

-95.6
-88.3
-85.7
-86.1

167.4
164.8
172.4
183.5

263.0
253.1
258.2
269.6

858.8
859.9
848.4
849.2

397.0
399.7
384.7
379.3

462.2
460.5
464.3
470.8

-50.5
-47.0
-43.6
^39.0

3,608.0
3,665.7
3,700.0
3,784.3

3,617.2
3,699.1
3,738.9
3,802.1

238.8
226.6
217.0
206.8

32.0
39.9
24.7
59.2

-81.2
-£4.7
-55.9
-50.3

200.3
209.0
210.3
218.8

281.5
273.7
266.2
269.1

854.6
852.3
839.1
847.7

381.8
378.6
360.6
363.6

473.8
474.7
479.9
485.5

-22.4
-20.8
-22.0
-16.0

3,867.0
3,884.5
3,890.9
3,893.1

3,906.1
3,934.7
3,930.0
3,973.5

226.4
236.4
225.0
231.1

260.6
271.1
266.1
263.4

857.5
866.9
861.8
865.6

367.6
370.7
366.6
370.4

491.3
497.6
496.7

-13.7
-15.6
-14.1

3,889.1
3,899.7
3,882.5
3,822.2

3,947.3
3,962.1
3,916.1
3,882.9

-6.8

3,471.5
3,491.3
3,514.0

2,246.5
2,266.5
2,283.9
2,321.1

197.3
201.9
207.3
216.4

870.4
873.5
873.5
880.7

1,179.7
1,191.0
1,201.3
1,219.5

457.7
473.2
476.5
462.3

277.9
281.8
282.3
287.7

140.0
139.7
139.2
138.8

146.3
149.9
150.7
155.7

170.6
187.8
197.0
204.6

34.5
31.6
25.3

1972:1
II
Ill
IV .....

3,593.9
3,676.3
3,713.8
3,777.2

2,352.0
2,394.9
2,430.6
2,486.1

221.7
227.2
233.2
245.3

886.2
908.0
920.7
936.7

1,239.1
1,252.1
1,267.4
1,291.2

493.9
523.9
532.2
538.3

297.6
302.5
307.3
323.6

142.4
143.2
143.5
145.7

161.7
165.5
169.6
182.5

218.3
222.6
223.1
231.1

1973:1

3,876.9
3,903.3

261.7
257.4
255.4
248.8

946.5
938.5
945.3

941.3

1,302.7
1,316.5
1,325.3
1,333.0

575.6
587.6
571.1
599.9

339.0
352.5
358.2
360.5

150.5
155.2
158.7
157.3

192.7
201.4
203.8
207.0

IV

Government2

Net exports,1

Gross private domestic investment

-.5

11.3

2.3
2.6
1.1
8.2
9.5
4.1
7.0

IV ,

3,936.2

2,530.4
2,527.5
2,539.9
2,532.6

1974:1 ...

3,903.0
3,920.4
3,878.4
3,850.9

2,512.7
2,522.7
2,532.4
2,490.9

242.1
244.3
246.4
220.0

929.5
926.3
927.5
914.6

1,335.9
1,348.2
1,354.5
1,366.1

561.7
559.7
529.5
526.9

360.2
359.2
354.5
343.6

156.4
155.8
149.1
147.3

207.4
206.9
207.9
199.4

191.6
183.2
177.1
153.9

29.1
28.5
29.0

-34.1
-34.7
-41.1
-32.3

3,793.6
3,825.6
3,897.0
3,944.2

2,513.2
2,556.3
2,591.8
2,618.7

225.4
230.2
244.9
252.0

919.1
938.3
946.2
949.5

1,377.6
1,395.2
1,402.5
1,418.0

426.3
413.4
455.4
467.0

321.5
312.8
315.9
319.1

139.8
134.4
135.3
135.4

185.0
181.2
183.3
186.1

144.3
147.4
157.7
164.6

-27.1
-25.3
2.9
5.3

230.5
220.9
224.7
236.7

237.3
218.4
236.6
249.3

875.7
871.6
875.7
882.2

368.5
368.2
366.9
368.1

508.8
504.9
510.5
515.9

-41.0
-51.4
-41.3
-38.1

3,848.3
3,887.9
3,922.7
3,966.7

3,820.0
3,852.3
3,926.2
3,979.6

-5.8

2.5
-11.9
-12.7

1976:I
II
Ill
IV

4,039.1
4,068.9
4,087.7
4,128.4

2,674.2
2,697.9
2,724.4
2,760.8

265.7
266.2
268.7
273.4

968.4
981.6

1,436.1
1,445.7
1,461.7
1,484.7

515.9
538.4
540.0
551.9

324.9
328.4
335.4
341.6

139.1
138.6
140.1
140.5

188.6
192.2
197.4
202.7

181.4
186.6
183.6
207.0

29.5
38.0
32.2

-29.2
-38.3
-42.8
-49.2

235.9
238.1
244.7
247.7

265.2
276.5
287.5
296.8

886.1
876.8
872.8
871.5

365.2
364.4
363.6
363.8

522.8
514.1
511.0
509.4

-28.4
-20.1
-17.9
-19.4

4,027.0
4,039.1
4,061.7
4,119.0

4,073.3
4,104.7
4,124.0
4,165.6

10.0

1977:I

4,181.8
4,268.0
4,336.3
4,331.0

2,794.3
2,810.3
2,836.9
2,877.6

284.7
291.9
295.9
301.0

1,005.6
1,005.0
1,006.5
1,024.4

1,497.2
1,504.8
1,527.1
1,543.6

582.8
629.5
658.6
637.7

357.6
367.8
374.6

216.3
222.1
226.8
237.5

212.8
236.6
236.4
233.5

222
36.6
59.0
34.1

-67.0
-63.2
-56.9
-69.9

243.8
250.1
252.2
243.6

310.8
313.3
309.1
313.4

878.1
887.6
887.4
885.8

366.0
372.3
372.2
369.8

513.9
517.0
516.9
517.7

-11.7

387.1

141.8
146.3
148.3
149.2

4,161.4
4,228.4
4,270.0
4,303.3

4,224.8
4,310.1
4,378.0
4,367.7

4,340.8
4,501.3
4,540.5
4,592.3

2,893.1
2,954.6
2,968.2
2,990.6

293.9
316.3
311.4
313.7

1,029.9
1,040.5
1,050.3
1,062.1

1,565.4
1,587.6
1,598.5
1,605.7

646.8
683.4
701.3
712.3

389.1
421.0
433.8
446.5

147.1
159.8
168.3
174.3

241.0
260.3
265.2
272.1

235.1
246.2
249.7
249.0

42.3
40.4
41.8
44.5

-84.9
-59.6
-62.0
-55.6

249.5
275.5
278.3
289.1

334.4
335.1
340.3
344.7

887.5
910.9
917.8
925.9

370.7
378.6
379.3
382.2

518.5
534.2
540.5
545.7

-18.2

4,306.0
4,474.6
4,511.6
4,565.4

4,383.9
4,536.6
4,579.5
4,637.7

4,597.7

36.8

288.9
289.7
299.7
317.8

344.6
345.7
340.0
346.9

916.2
924.8
925.6
932.9

381.3
384.8
383.1
384.0

536.8
541.9
544.5
550.9

-2.8

4,579.0
4,577.0
4,639.2
4,662.5

4,644.6
4,661.6
4,702.6
4,714.3

.5
.9
2.6

1.2

-55.7
-56.1
-40.2
-29.1

8.1

-20.0

327.7
333.9
332.8
331.1

347.8
322.7
299.4
315.4

946.5
948.3
936.4
934.4

395.1
403.7
399.3
399.2

553.2
546.1
538.6
536.6

12.0

4,738.3
4,621.6
4,615.1
4,695.9

2.0

-6.5
-1.7

4,675.3
4,579.0
4,637.1
4,676.1

336.7
338.9
331.4
334.1

328.5
329.4
325.9
334.9

946.1
947.7
945.5
951.7

406.7
418.4
418.1
420.5

540.7
530.3
528.2
532.0

25.1
10.8
30.4
19.7

4,692.9
4,699.0
4,702.5
4,672.0

4,789.9
4,747.1
4,806.8
4,752.8

-13.6
-22.0

4,655.4
4,651.2
4,616.9
4,681.3

4,661.5
4,685.6
4,654.4
4,660.2

4,719.4
4,785.3
4,860.7
4,919.5

4,707.0
4,812.1
4,897.8
4,987.8

4.1
9.0
7.2
7.5

4,961.0
5,050.0
5,085.6
5,149.9

5,092.4
5,169.3
5,206.2
5,236.6

9.2
6.2
2.9
2.8

5,231.7
5,261.0
5,336.9
5,358.0

5,284.3
5,317.8
5,385.9
5,422.8

4.6
2.3
5.9
2.4

5,410.5
5,448.4
5,518.2
5,546.6

5,485.7
5,482.7
5,511.7
5,533.3

5.0
.3
2.1
2.2

5,535.8
5,608.4
5,671.5
5,688.3

5,568.2
5,627.5
5,674.7
5,758.5

2.5
4.0
3.6
6.0

5,774.2
5,840.1
5,869.2
5,937.0

5,799.9
5,855.1
5,887.3
5,962.8

2.3
4.1
2.4
5.2

2.2
2.4
2.2

5,970.0
6,010.9
6,063.1
6,070.8

6,020.8
6,063.5
6,099.9
6,111.7

4.0
3.0
2.2
.4

2.7
4.4
4.0
1.6

6,144.6
6,127.5
6,126.6
6,108.1

6,174.3
6,190.8
6,158.8
6,113.4

1975:1 ,
IV ......

IV
1978: I

n ............
iv ...........
1979: 1

9.3

16.3

III..
IV .

4,638.8
4,651.0

3,008.1
3,003.5
3,028.7
3,040.2

310.5
303.5
311.9
303.3

1,066.7
1,061.6
1,070.8
1,079.7

1,625.0
1,636.8
1,641.5
1,656.2

711.4
717.3
703.4
686.1

456.8
455.9
470.3
470.2

174.3
177.6
186.5
192.5

281.6
278.1
284.1
279.0

243.2
238.9
235.7
226.4

1980:1 ...

IV .

4,674.3
4,562.6
4,559.6
4,651.1

3,037.2
2,968.8
2,998.5
3,034.2

299.3
265.8
278.2
287.0

1,076.1
1,061.7
1,058.6
1,063.8

1,663.0
1,653.0
1,672.8
1,694.0

686.1
611.7
569.1
638.0

475.8
450.4
454.1
464.3

195.8
191.1
193.5
199.8

281.5
261.5
262.9
267.1

210.3
169.9
173.0
191.3

1981:1 ...
II ...
III..
IV .

4,741.3
4,701.3
4,758.4
4,698.6

3,045.6
3,045.8
3,058.8
3,035.3

295.7
283.7
292.8
271.2

1,073.3
1,075.2
1,074.0
1,074.6

1,682.1
1,697.6
1,700.8
1,703.9

701.8
666.4
709.1
681.3

479.5
490.7

471.3

501.4

198.6
205.8
210.7
226.4

274.9
276.4
282.7
278.7

188.0
180.8
166.5
149.6

48.0
12.8
48.7
22.8

1982:1 ...
II ...
III ..
IV .

4,618.9
4,637.4
4,615.3
4,622.8

3,054.0
3,062.1
3,080.1
3,129.7

280.5
281.4
283.3
296.7

1,075.5
1,075.9
1,080.9
1,090.2

1,710.7
1,718.1
1,729.3
1,754.6

608.6
604.1
596.8
551.9

488.0
469.6
454.2
445.5

219.2
211.9
200.9
197.0

272.3
261.2
256.3
251.5

141.1
136.5
134.8
147.8

-24.7

-5.3

-4.3

2.6
-26.5
-27.3

320.4
322.8
308.2
294.3

325.7
320.2
334.7
321.7

949.0
954.7
961.2
975.5

420.2
424.3
431.0
442.1

529.6
531.2
530.8
533.8

4,771.3
4,855.5
4,943.6

299.9
322.7
334.9
352.1

1,095.4
1,104.7
1,120.0
1,129.5

1,773.4
1,801.6
1,819.1
1,841.8

570.1
624.5
667.2
729.2

435.9
440.6
459.2
490.0

189.0
179.9
184.2
189.9

249.5
262.5
276.5
301.1

170.8
192.9
210.5
216.3

-36.2

IV

3,156.5
3,220.0
3,267.1
3,318.6

-2.5
23.6

-29.8
-54.6
-78.0
-90.8

298.9
299.8
304.3
310.2

328.8
354.5
382.2
401.0

978.4
985.0
1,001.8
984.1

444.6
452.5
465.1
448.4

534.1
532.7
536.6
536.0

1984:1
II
Ill
IV

5,053.4
5,129.8
5,167.0
5,202.7

3,354.0
3,397.5
3,418.4
3,460.6

365.9
374.4
373.7
385.8

1,135.7
1,153.8
1,156.4
1,161.2

1,855.2
1,870.5
1,890.9
1,915.5

812.0
832.7
847.7
834.0

505.5
530.8
546.3
558.8

200.8
210.8
217.4
219.9

306.2
321.5
330.5
340.3

224.0
229.6
226.6
225.5

84.0
76.1
80.2
58.8

-115.5
-125.5
-130.5
-137.7

317.5
325.7
332.0
338.3

433.0
451.2
462.5
476.1

994.1
1,016.6
1,022.5
1,040.4

450.8
465.9
463.1
475.1

543.8
550.9
559.9
565.6

1985:1

5,261.3
5,290.8
5,367.0
5,398.9

3,511.2
3,540.8
3,602.1
3,612.1

399.3
404.0
429.6
412.6

1,167.7
1,175.0
1,181.5
1,189.3

1,945.2
1,962.8
1,989.3
2,011.8

820.1
827.4
822.6
846.5

564.6
572.7
563.5
572.9

229.3
229.5
224.6
227.6

337.3
345.0
340.6
346.9

226.9
225.7
230.2
235.1

33.8
29.9
24.1
31.4

-127.3
-151.6
-152.6
-160.0

338.7
337.3
332.0
341.4

466.0
489.0
484.6
501.3

1,053.2
1,072.8
1,095.7
1,098.9

482.3
491.5
505.2
503.4

571.1
581.5
590.5
595.6

5,465.4
5,469.6
5,497.6
5,527.0

3,644.0
3,683.0
3,742.8
3,764.8

420.3
435.4
472.6
465.4

1,204.0
1,215.5
1,217.0
1,227.0

2,020.1
2,030.5
2,047.0
2,067.8

859.3
826.3
782.4
786.9

563.8
548.0
538.7
543.4

222.3
201.4
194.2
195.2

343.0
347.2
344.8
348.5

245.1
259.2
262.5
261.2

48.7
21.0

-149.7
-167.1
-173.9
-164.9

351.3
355.9
364.1
377.5

501.0
523.0
538.1
542.3

1,108.3
1,129.6
1,154.5
1,147.7

500.1
514.8
533.9
524.8

608.7
615.1
620.8
623.2

1987:1
||
Ill
IV

5,561.4
5,616.8

435.8
453.5
472.1
458.3

1,233.3
1,240.6
1,239.8
1,243.2

2,097.0
2,118.5
2,138.0
2,154.1

808.1
806.0
805.1
862.9

526.2
537.5
553.8
552.0

190.0
191.3
199.4
202.8

336.7
346.5
354.7
349.6

258.8
260.8
256.2
254.7

29.7
14.4

5,749.4

3,765.7
3,814.0
3,852.9
3,856.5

-161.2
-160.2
-152.2
-151.3

377.7
393.5
411.1
425.7

538.8
553.7
563.2
577.0

1,153.4
1,162.8
1,165.9
1,181.5

526.9
534.3
534.2
542.2

626.8
628.8
632.0
639.6

1988:1

5,782.9
5,841.7
5,876.5
5,950.7

3,924.2
3,952.2
3,985.1
4,029.1

480.9
482.6
477.9
492.7

1,254.9
1,266.8
1,281.0
1,294.8

2,185.8
2,200.4
2,224.6
2,238.9

815.5
821.0
827.9
839.7

556.1
567.1
568.0
572.9

195.9
199.1
196.4
195.9

360.3
368.0
371.6
377.0

251.3
252.2
252.9
253.7

13.3

-125.9
-106.9
-110.6
-114.3

448.8
461.4
469.4
483.5

574.8
568.3
580.0
597.8

1,172.5
1,177.0
1,176.1
1,198.1

527.6
522.2
517.9
530.6

645.1
655.0
658.4
667.8

6,008.7
6,053.4
6,086.2
6,093.0

4,032.8
4,047.4
4,083.2
4,095.0

488.4
496.8
507.4
492.2

1,295.3
1,295.6
1,308.2
1,315.0

2,247.0
2,252.2
2,264.4
2,285.8

868.3
871.0
862.4
845.9

579.5
586.6
600.5
588.8

199.8
197.2
204.6
203.2

379.7
389.4
395.9
385.6

252.6
244.3
240.1
236.0

41.9
44.2

-88.7
-79.8
-84.5
-77.9

502.0
522.0
521.3
535.5

590.7
601.9
605.8
613.5

1,193.5
1,211.1
1,222.6
1,228.4

521.4
532.0
537.7
535.0

672.3
679.4
685.1
693.7

6,154.1
6,174.4
6,145.2
6,081.0

4,128.9
4,134.7
4,148.5
4,116.4

511.2
495.4
490.4
476.3

1,319.2
1,316.9
1,319.8
1,308.4

2,295.7
2,321.1
2,337.3
2,331.2

844.1
856.1
820.8
748.1

595.3
583.4
588.1
573.9

206.5
205.5
205.2
196.0

388.8
377.8
383.0
377.9

239.4
227.8
214.9
200.3

11.0
43.8

-67.1
-«6.7
-71.2
-42.5

555.2
566.8
561.8
573.9

622.3
633.5
633.0
616.4

1,246.5
1,248.2
1,246.8
1,259.9

542.9
543.0
538.2
543.5

703.8
705.4
708.7
716.5

II ...
III ..

1983:1 ...
II ...

IV
1986:1

IV

IV
1989:1

1990:1 ....

HI
IV

See foonotes at end of table.




39.9
14.6

-2.1

-44.2
-1.7

8.1
-41.5
-8.4

-15.3
-10.8

.8

59.9
6.0
11.5
15.8

24.9
22.3

14.9
-28.2

11.3
33.4
15.7

8.3
9.5
5.5
-.9

-6.4

-1.4

4.1
-10.0
-3.0
-2.5
-1.4

1.5
6.4

.7

-.2
-1.4

-20.8
-15.1
-11.0
-4.3

2.5
1.8
-1.2
-7.2
-4.3
-2.4

4.0
5.1
2.8
-3.4
-5.9

-10.5
-12.5
-11.7
-9.1
-3.7
-6.2
-3.7
-5.1
-2.2
-1.0

11.0

2.8
-1.1

4.5
-3.3

1.8
-4.2
-2.8

3.4
7.7
4.9
3.0
1.9
4.0
5.3
8.5
6.6
-.5

.9
15.6

3.5
4.6

1.1
-9.2

-.3
8.3
8.0
-3.3

4.9
-4.9
-6.6
1.6
-1.9

.6

4.1
1.3
-1.9
-4.1

SURVEY OF CURRENT BUSINESS

112 • January/February 1996

Table 2,—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures

Government2

Net exports1

Gross private domestic investment
Nonresidential

Year and
quarter

GDP
Total

Durable
goods

Nondurable
goods

Services

Total
Total

Structures

PDE

Residential

CBI

1991: 1
II
Ill
IV

6,047.9
6,074.1
6,089.3
6,104.4

4,084.5
4,110.0
4,119.5
4,109.1

458.6
460.5
467.3
461.5

1,300.6
1,308.0
1,307.1
1,295.7

2,325.3
2,341.5
2,345.0
2,352.0

725.5
718.0
744.9
762.4

555.1
550.9
545.3
539.5

192.2
187.2
175.5
171.4

362.9
363.8
369.8
368.1

187.4
188.3
195.6
202.4

1992: 1
II
III
IV

6,175.3
6,214.2
6,260.9
6,327.3

4,173.8
4,196.4
4,226.7
4,282.3

476.1
481.1
491.9
505.0

1,314.4
1,312.0
1,321.1
1,339.8

2,383.2
2,403.2
2,413.6
2,437.6

757.9
792.8
798.6
812.4

544.4
557.5
560.6
569.1

172.7
171.0
167.4
165.6

371.7
386.4
393.1
403.5

213.9
224.9
226.7
236.7

11.3
12.1

1993: I
II
Ill
IV

6,327.0
6,353.7
6,390.4
6,463.9

4,290.0
4,319.0
4,359.7
4,390.0

506.0
519.6
528.9
541.9

1,336.9
1,344.7
1,354.2
1,359.8

2,447.0
2,454.9
2,476.7
2,488.6

834.8
843.2
857.6
893.4

577.5
586.4
593.1
617.6

167.0
164.8
165.1
168.2

410.5
421.7
428.2
449.8

237.9
234.8
242.2
255.8

1994: 1
||
Hi
IV

6,504.6
6,581.5
6,639.5
6,691.3

4,418.8
4,457.7
4,485.8
4,522.3

549.6
555.4
563.0
579.9

1,372.7
1,383.7
1,397.2
1,408.4

2,497.0
2,519.0
2,526.3
2,535.1

933.5
984.6
994.1
1,006.3

628.6
639.5
660.4
679.7

163.0
169.0
169.1
174.3

466.5
471.2
492.4
506.4

1995: 1
||
Ill

6,701.6
6,709.4
6,763.2

4,530.9
4,568.8
4,601.1

566.9
576.6
589.8

1,416.8
1,423.5
1,425.3

2,548.1
2,569.6
2,586.9

1,024.2
998.3
1,008.9

704.4
710.6
719.8

178.5
180.0
182.4

527.1
531.9
538.6

Exports

Imports

Total

Federal

State
and
local

733.5
734.2
736.9
738.5

-.4
-.7
-.7
.8

6,175.8
6,203.8
6,249.5
6,320.7

515.7
509.2
505.4
504.5

741.6
748.8
755.7
761.3

1.2
1.5
3.7
2.8

1,252.3
1,249.7
1,271.0
1,266.6

489.8
483.3
496.6
489.1

762.7
766.8
774.7
777.7

.9
-.4
-.8

1,263.0
1,265.8
1,264.4

481.3
479.9
473.2

782.2
786.3
791.7

1,262.6
1,263.8
1,255.1
1,250.7

547.3
547.1
536.3
526.9

715.5
716.8
718.8
723.8

-14.8
^32.5
-30.8
-40.0

633.0
635.8
639.7
649.1

647.8
668.3
670.5
689.1

1,258.5
1,257.5
1,266.5
1,272.5

525.1
523.3
529.6
534.0

18.5
20.8
19.5
17.4

-55.2
-67.0
-89.1
-66.2

649.8
662.3
648.9
681.4

705.1
729.4
738.1
767.6

1,257.2
1,257.9
1,261.1
1,265.7

263.6
271.6
270.3
270.3

40.1
74.1
64.0
57.3

-101.3
-112.2
-113.3
-105.8

680.4
704.3
724.8
751.0

781.7
816.5
838.1
856.8

265.9
256.6
261.8

54.5
30.6
27.1

-119.0
-126.8
-114.1

755.8
764.3
779.7

874.9
891.2
893.9

5.8

GDP
CBI
GNP
PDE

GDP

-.9

596.6
617.4
633.4
641.4

-.1

GNP

6,074.8
6,085.8
6,098.3
6,118.7

572.3
600.3
603.6
623.5

21.4

Percent change
from preceding
period

6,065.4
6,095.9
6,085.4
6,083.8

-24.3
-17.1
-29.8
-17.9

1. Net exports of goods and services.
2. Government consumption expenditures and gross investment.
NOTE.—The residua! is the difference between GDP and the sum of the detailed components shown in this table.




-17.5
-20.8
4.9

Net

Final
sales of
Residual
domestic
product

Gross domestic product
Change in business inventories
Gross national product
Producers' durable equipment

-.1
-1.2
-1.2

-1.4

-.6
1.3
.6

-2.2

Final
sales of
domestic
product
-2.8

1.7
1.0
1.0

2.0
-.7
-.1

6,191.6
6,225.1
6,270.4
6,334.8

4.7
2.5
3.0
4.3

6.2
1.8
3.0
4.6

6,307.7
6,331.6
6,368.2
6,444.1

6,342.7
6,362.9
6,404.0
6,465.1

0
1.7
2.3
4.7

-.8
1.5
2.3
4.8

6,464.0
6,509.0
6,576.8
6,635.2

6,506.2
6,573.9
6,631.1
6,675.4

2.5
4.8
3.6
3.2

1.2
2.8
4.2
3.6

6,647.5
6,677.4
6,735.0

6,695.7
6,701.2
6,749.5

.6
.5
3.2

.7
1.8
3.5

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