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SURVEY OF CURRENT BUSINESS

July 1991

NATIONAL INCOME
AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Second 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 ^JsTational Income and Product Accounts Estimates: When They are Released, Where
They Are Available, and How They Are Presented" in the July 1988 SURVEY.
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

Seasonally adjusted at annual rates

1989

1991

1990

1990

I

II

III

IV

1989

II

I

1991

1990

1990

I

n

III

IV '

n

I

Gross national product

5,200.8 5,465.1 5,375.4 5,443.3 5,514.6 5,527.3 5,557.7 5,620.5

Gross national product

4,117.7 4,157.3 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,128.4

Personal consumption expenditures1

3,450.1 3,657.3 3,588.1 3,622.7 3,693.4 3,724.9 3,742.8 3,798.6

Personal consumption expenditures *

2,656.8 2,681.6 2,677.3 2,678.8 2,696.8 2,673.6 2,663.7 2,687.2

Durable goods
Nondurable goods
Services l

. .

478.4 482.3 468.5 455.3 462.2
474.6 480.3 492.1
1,130.0 1,193.7 1,174.7 1,179.0 1,205.0 1,216.0 1,212.7 1,218.0
1,845.5 1,983.3 1,921.3 1,965.3 2,006.2 2,040.4 2,074.8 2,118.5

Fixed investment
Nonresidential
Structures
Producers' durable equipment ....
Residential
Change in business inventories
Nonfarm
Farm
Net exports of goods and services 1
Exports *
Imports *
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local

771.2

741.0

747.2

759.0

759.7

6983

660.0

663.1

742.9
511.9
146.2
365.7
231.0
28.3
23.3
5.0

746.1
524.1
147.0
377.1
222.0
-5.0
-7.4
2.4

758.9
523.1
148.8
374.3
235.9
-11.8
-17.0
5.3

745.6
516.5
147.2
369.3
229.1
13.4
13.0
.5

750.7
532.8
149.8
383.0
217.9
9.0
6.8
2.2

729.2
524.0
142.1
381.9
205.2
-30.8
-32.4
1.5

•694.1
503.6
139.5
364.1
190.5
-34.2
-37.1
2.9

691.3
498.1
139.2
359.0
193.2
-28.3
-24.8
-3.4

-46.1

-31.2

-30.0

-24.9

-41.3

-28.8

13.5

9.4

626.2
672.3

Gross private domestic investment

672.8
704.0

661.3
691.3

659.7
684.6

672.7
714.1

697.4
726.2

694.5
681.0

699.9
690.5

1,025.6 1,098.1 1,070.1 1,086.4 1,102.8 1,132.9 1,141.5 1,149.4
400.0
301.1
98.9
625.6

424.0
313.6
110.4
674.1

410.6
307.2
103.4
659.6

421.9
309.6
112.3
664.6

425.8
312.6
113.2
677.0

437.6
325.0
112.6
695.3

443.8
331.2
112.6
697.7

446.8
325.3
121.4
702.7

Durable goods
Nondurable goods
Services J
Gross private domestic investment
Fixed investment
.
Nonresidential
;
Structures
Producers' durable equipment ....
Residential
Change in business inventories
Nonfarm
Farm
Net exports of goods and services l
Exports *
Imports l
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local

428.0 427.4 437.6 426.8 429.5 415.6 402.9 408.0
916.4 901.2
897.1 899.3
919.9 911.1 915.6 911.2
1,309.0 1,343.1 1,324.2 1,340.8 1,350.8 1,356.7 1,363.7 1,379.8
716.9

688.7

700.7

700.7

697.0

6563

623.7

625.9

693.1
506.1
122.4
383.7
187.0
23.8
18.7
5.0

692.3
515.4
120.9
394.6
176.8
-3.6
-5.1
1.5

702.9
514.6
123.8
390.8
188.3
-2.2
-8.2
6.0

691.2
508.4
120.9
387.5
182.8
9.5
11.6
-2.1

692.3
519,3
122.4
397.0
173.0
4.7
4.7
0

682.7
519.4
116.4
403.1
163.3
-26.4
-28.5
2.1

648.6
496.8
113.7
383.1
151.8
-25.0
-28.1
3.1

647.1
493.9
112.4
381.6
153.2
-21.2
-16.3
-5.0

-54.1

-33.8

-35.4

-44.6

-46.5

-8.8

593.3
647.4

631.5
665.3

628.1
663.5

620.1
664.7

630.5
677.0

647.2
656.0

648.0
641.0

653.9
672.6

798.1

820.8

807.9

820.2

822.7

832.3

829.6

833.9

334.9
256.3
78.7
463.2

343.7
258.7
85.0
477.1

333.0
254.4
78.6
475.0

345.9
256.5
89.4
474.3

346.0
258.2
87.8
476.7

349.9
265.7
84.2
482.4

349.5
267.5
82.0
480.1

353.8
261.1
92.7
480.1

7,1

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.

-18.6

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

1989

1990

I
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

n

III

IV

I

1989

5,172.5 5,470.2 5,387.2 5,429.9 5,505.6 5,558.2 5,591.9 5,648.8
-34.2 -28.3
13.4
9.0 -30.8
-5.0 -11.8
28.3
2,072.7 2,143.3 2,111.0 2,146.6 2,170.4 2,145.0 2,136.0 2,150.7
2,044.4 2,148.3 2,122.8 2,133.1 2,161.4 2,175.9 2,170.2 2,179.0
13.4
-34.2 -28.3
-11.8
9.0 -30.8
-5.0
28.3

1990

1990

n

I

5,200.8 5,465.1 5,375.4 5,443.3 5,514.6 5,527.3 5,557.7 5,620.5

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

n

1991

III

IV

I

n

4,117.7 4,1573 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,128.4
4,094.0 4,160.9 4,152.8 4,145.6 4,165.3 4,179.8 4,149.0 4,149.6
4.7 -26.4 -25.0 -21.2
-3.6
-2.2
9.5
23.8
1,829.5 1,8293 1,825.4 1,831.3 1,839.7 1,821.0 1,797.5 1,790.2
1,805.7 1,832.9 1,827.6 1,821.8 1,835.0 1,847.4 1,822.5 1,811.4
4.7 -26.4 -25.0 -21.2
9.5
23.8
-2.2
-3.6

899.1
929.5
-30.4

Durable goods
Final sales
Change in business inventories

907.5
897.7
9.8

920.6
930.1
-9.5

914.3
932.1
-17.7

919.1
919.5
-.3

941.1
932.9
8.3

908.0
936.0
-28.1

876.9
911.5
-34.6

888.1
913.6
-25.5

1,166.0 1,215.3 1,191.2 1,216.4 1,217.2 1,236.3 1,259.7 1,251.6
1,149.6 1,209.3 1,181.4 1,203.0 1,218.0 1,234.7 1,251.7 1,249.4
2.2
1.7
8.0
9.8
13.4
16.4
-.8
6.0

Nondurable goods
Final sales .
Change in business inventories

922.0
908.0
13.9

908.7
902.8
5.9

911.0
895.5
15.5

912.2
902.4
9.8

898.5
902.1
-3.6

913.0
911.4
1.6

920.6
910.9
9.7

902.1
897.8
4.3

906.6
894.7
11.9

928.0
939.1
-11.1

919.9
941.4
-21.6

930.1
930.1
0

953.2
943.4
9.8

908.7
941.2
-32.5

876.3
918.5
-42.2

2,671.2 2,864.5 2,791.3 2,834.2 2,889.6 2,943.0 3,004.0 3,048.9
456.9

457.4

473.0

462.5

454.6

439.3

417.7

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




Seasonally adjusted at annual rates

1991

1990

420.9

Services
Structures

1,915.6 1,961.0 1,943.7 1,952.5 1,9673 1,980.7 1,993.0 2,004.4
372.7

366.9

381.5

371.2

363.1

351.7

333.6

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

333.8

6

SURVEY OF CURRENT BUSINESS

July 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

I
Gross national product

II

Seasonally adjusted at annual rates

1991

1990

III

IV

I

1989

Less: Exports of goods and services 1 ....
Plus: Imports of goods and services l ....
2

Equals: Gross domestic purchases ....
Less: Change in business inventories
Equals: Final 3sales to domestic
purchasers

626.2
672.3

672.8
704.0

661.3
691.3

659.7
684.6

697.4
726.2

672.7
714.1

694.5
681.0

699.9
690.5

5,246.9 5,496.4 5,405.3 5,468.2 5,555.9 5,556.1 5,544.2 5,611.1

28.3

-5.0

-11.8

13.4

9.0

-30.8

I

II

5,200.8 5,465.1 5,375.4 5,4433 5,514.6 5,527.3 5,557.7 5,620.5

-34.2

-28.3

5,218.6 5,501.4 5,417.1 5,454.7 5,546.9 5,586.9 5378.4 5,639.4

1990

1990

n

1991

III

IV

n

I

4,117.7 4,157.3 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,128.4

Gross national product
Less: Exports of goods and services J ....
Plus: Imports of goods and services: ....
2

Equals: Gross domestic purchases ....

593.3
647.4

Equals: Final sales to domestic
purchasers 3

628.1
663.5

620.1
664.7

630.5
677.0

647.2
656.0

648.0
641.0

653.9
672.6

4,171.8 4,191.1 4,185.9 4,199.7 4,216.5 4,162.2 4,117.0 4,147.0

23.8

Less: Change in business inventories

631.5
665.3

-3.6

-2.2

9.5

4.7

-26.4

-25.0

-21.2

4,148.1 4,194.7 4,188.1 4,190.1 4,211.8 4,188.6 4,142.0 4,168.2

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

Seasonally adjusted at annual rates

1989

1990

1990

I
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
" '".'.'". TV"
Statistical discrepancy
. T.

II

1991

III

IV

I

1989

n

5,200.8 5,465.1 5,375.4 5,443.3 5,514.6 5,527.3 5,557.7 5,620.5
5,163.2 5,423.4 5,333.8 5,411.7 5,471.7 5,476.5 5,502.9 5,575.9
4,418.1 4,619.2 4,551.8 4,613.5 4,659.6 4,652.1 4,659.3 4,720.2
4,346.6 4,527.8 4,455.8 4,522.1 4,571.4 4,562.1 4,559.0 4,615.7
3,915.3 4,068.8 4,007.6 4,067.5 4,106.9 4,093.1 4,086.4 4,138.6
431.2 459.1 448.1 454.7 464.4 469.0 472.6 477.1
89.6
92.0
96.3
95.3
93.1
88.6
93.1
94.6
8.2
8.2
.4
-17.0
-3.2
.7
-^.9
-1.7

I

n

III

IV

I

n

4,117.7 4,157.3 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1 4,128.4

Gross national product
Gross domestic product

1991

1990

1990

.....

Business
Nonfarm
Nonfarm less housing
Housing
Farm .
Statistical discrepancy

4,087.6 4,125.4 4,118.2 4,130.6 4,137.5 4,115.2 4,083.6 4,095.6
3,557.9 3,581.1 3,580.0 3,587.2 3,590.8 3,566.7 3,532.9 3,543.0
3,492.9 3,502.5 3,500.3 3,510.3 3,514.3 3,485.1 3,445.4 3,456.6
3,196.0 3,200.4 3,199.1 3,208.4 3,211.9 3,182.1 3,141.7 3,152.3
296.9 302.1 301.2 301.8 302.4 303.1 303.7 304.3
79.4
80.2
81.2
81.3
80.3
80.0
79.1
78.8
6.2
6.2
.3
-1.3
.6
-2.5
-3.7
-13.8

Households and institutions
Private households
Nonprofit institutions

203.6
10.3
193.3

224.8
10.8
214.0

215.0
10.5
204.5

221.4
10.8
210.6

229.3
10.9
218.4

233.4
11.0
222.4

237.4
11.1
226.3

243.6
11.4
232.2

Households and institutions
Private households
Nonprofit institutions

146.2
9.5
136.6

154.5
9.7
144.8

150.8
9.7
141.2

153.6
9.8
143.7

156.7
9.8
146.9

157.0
9.7
147.3

157.6
9.7
147.9

159.9
9.9
150.1

Government
Federal
State arid local

541.6
168.6
373.0

579.4
178.5
400.9

567.0
176.6
390.4

576.7
179.2
397.5

582.8
178.3
404.5

591.0
179.8
411.2

606.3
188.5
417.8

612.0
188.2
423.8

Government
Federal
State and local

383.5
126.5
257.0

389.7
127.6
262.1

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

392.6
127.7
264.9

37.6

41.7

41.6

31.6

42.9

50.8

54.8

44.7

30.2

31.9

32.4

24.5

32.6

38.2

40.5

32.8

Rest of the world
Addendum:
Gross domestic business product less
housing ...*..'

Addendum:
3,978.4 4,072.4

j

NOTE.—Percent changes from preceding period for selected items in this ta&le1 are shown'in table 8.1.




Rest of the world
Gross domestic business product less
housing

3,252.6 3,218.0

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

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