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SURVEY OF CURRENT BUSINESS

March 1983

National Income and Product Accounts Tables
New estimates in this issue: Fourth quarter and annual 1982, revised.
The abbreviations used in the tables are: CCAdj Capital consumption adjustment
IVA
Inventory valuation adjustment
NIPA's National income and product accounts
p
Preliminary
r
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 1977-81. and corrections for earlier years are in the July 1982 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

Seasonally adjusted at annual rates

1981

1982 r

1982

1981
IV

III

I

II

1981
III

1,843.2

Durable goods
Nondurable goods
Services
..

,

234.6
734.5
874.1

,
.
....
., ,
...

Nonfarni
Farm
Net exports of goods and services.
Exports
Imports ..

.

... ... ..

,

,.„...,

241.2
741.3
886.3

229.6
746.5
908.3

237.9
749.1
932.4

240.7
755.0
952.1

240.3 251.8
768.4
775.7
977.6 1,003.3

III

IV r

IV

1,502.6 1,476.9

1,510.4

1,490.1

947.6

956.9

951.4

943.4

949.1

955.0

956.3

967.0

140.0
362.4
445.2

138.8
365.0
453.1

142.2
363.0
446.2

134.1
363.1
446.2

137.5
362.2
449.5

138.3
364.5
452.2

136.4
365.9
454.0

142.8
367.6
456.6

II

1,470.7 1,478.4

1,481.1 1,477.2

471.5

420.3

486.0

468.9

414.8

431.5

443.3

391.5

225.8

196.9

233.4

218.9

195.4

202.3

206.3

183.5

444.1
348.0
141.5
206.5
96.2
90.5
2.5
3.2
23 8
-24.3
.5

454.2
353.0
132.7
220.2
101.2
95.6
2.4
3.2
31.8
24.6
7.2

455.7
360.2
139.6
220.6
95.5
89.4
2.9
3.2
13.2
6.0
7.2

450.4
357.0
141.4
215.6
93.4
87.9
2.4
3.1
-35.6
360
.4

447.7
352.2
143.6
208.6
95.5
89.6
2.8
3.2
162
-15.0
-1.2

438.6
344.2
141.3
203.0
94.3
88.7
2.4
3.2
4.7
3.7
1.0

439.9
338.4
139.6
198.8
101.4
95.7
2.5
3.2
483
-50.0
1.7

216.9
172.0
51.6
120.4
44.9
42.1
.9
2.0
9.0
6.8
2.1

206.1
165.7
53.1
112.6
40.3
37.4
1.0
1.9
92
-9.4
.2

216.9
173.9
52.5
121.4
42.9
39.9
1.0
2.0
16.5
13.6
3.0

214.1
174.2
53.3
120.9
39.9
36.7
1.2
2.0
4.8
1.6
3.2

210.8
172.0
53.5
118.5
38.9
36.0
1.0
1.9
-15.4
-15.6
.2

206.7
166.7
53.7
113.0
40.1
37.0
1.1
1.9
44
-3.8
-.6

202.9
163.4
53.0
110.4
39.5
36.6
1.0
1.9
3.4
2.9
.5

203.8
160.9
52.3
108.6
42.9
40.0
1.0
1.9
203
-21.1
.8

26.1

20.5

25.9

23.5

31.3

34.9

6.9

9,1

42.0

31.8

39.2

36.5

36.9

35.7

27.5

27.2

367.3
341.3

350.8
330.3

367.2
341.3

367.9
344.4

359.9
328.6

365.8
330.9

349.5
342.5

328.1
319.1

158.5
116.4

148.1
116.3

157.8
118.7

156.9
120.4

151.7
114.7

154.4
118.7

147.5
120.0

138.8
111.6

596.9

. . .

647.4

600.2

626.3

630.1

630.9

651.7

676.8

287.1

291.3

286.4

291.3

289.2

285.3

291.1

299.5

228.9
153.7
75.2
368.0

Government purchases of goods and services
Federal ...
National defense
Nondefense
State a n d local.. . . .

242.7
762.1
966.3

I

III

451.1
346.1
129.7
216.4
104.9
99.7
2.1
3.2
20.5
15.0
5.5

Gross private domestic investment
Fixed investment
Nonresidential
Structures.
..
Producers' durable equipment
Residential
..
Nonfarni structures
Farm structures
Producers' durable equipment

1,971.1 1,868.8 1,884.5 1,919.4 1,947.8 1,986.3 2,030.8

1982

1981

IV r

2,937.7 3,059.3 2,980.9 3,003.2 2,995.5 3,045.2 3,088.2 3,108.2
Personal consumption expenditures

1982 T

257.9
178.6
79.3
389.4

230.0
154.4
75.7
370.1

250.5
166.9
83.6
375.7

249.7
166.2
83.5
380.4

244.3
176.2
68.2
386.6

259.0
182.7
76.3
392.7

278.7
189.3
89.4
398.0

110.4
73.5
36.8
176.7

116.4
78.6
37.8
174.9

110.7
74.3
36.5
175.7

116.0
76.1
39.9
175.3

114.4
74.5
39.8
174.9

110.3
78.2
32.1
175.0

116.2
80.6
35.5
174.9

124.7
81.0
43.7
174.8

Table 1.3-1.4,—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars
Seasonally adjusted at annual rates

1981

1981

1982'
III

IV

I

II

III

..
. ..

1,502.6 1,476.9

II

1,510.4 1,490.1 1,470.7 1,478.4

III

IV

1,481.1 1,477.2

1,493.9 1,485.3 1,486.1 1,482.7 1,477.8 1,497.5
3.4 -20.3
16.5
4.8 -15.4
-4.4

661.3

697.2

678.0

661.8

663.2

665.1

655.3

680.5
9.0

670.5
92

680.7
16.5

673.2
4.8

677.2
154

667.5
-4.4

661.7
3.4

675.6
-20.3

.....

. . . . .

.....

467.9
516.2
-48.3
805.7
805.6
0

293.1
289.3
3.8
391.2
391.2
5.1

266.1
274.0
-7.9
395.3
396.5
13

298.8
290.2
8.6
398.4
390.5
7.9

275.1
277.6
25
402.9
395.6
7.3

265.0
278.7
-13.7
396.8
398.5
-1.7

272.3
274.9
26
390.9
392.6
-1.7

274.0
269.2
4.8
391.1
392.5
-1.5

253.0
273.1
201
402.3
402.5
-.2

1,364.3 1,494.4 1,382.1 1,421.5 1,444.4 1,476.7 1,509.5 1,547.0
281.7
285.3
283.2
281.9
283.3
287.7
284.2
284.5

695.6
117.6

702.4
113.1

697.5
115.7

698.6
113.4

697.0
111.9

702.2
113.0

703.6
112.5

707.0
114.9

528.1
519.4
8.7
761.1
749.4
11.7

493.3
512.2
-18.9
787.1
792.0
4.9

1,317.0 1,298,4

547.3
527.5
19.8
769.7
757.6
12.0

504.9
510.5
-5.6
793.6
774.7
18.9

482.4
513.2
-30.9
787.0
791.8
-4.8

505.9
512.6
-6.6
777.2
786.7
-9.6

516.9
506.8
10.1
778.6
783.9
-5.4

2,911.7 3,038.8 2,955.0 2,979.7 2,964.2 3,010.3 3,081.3 3,099.2 1,460.6 1,445.0 1,471.2 1,453.6 1,433.8 1,442.6 1,453.7 1,449.9
2,891.2 3,062.6 2,923.2 2,966.5 2,999.8 3,026.5 3,076.6 3,147.5 1,451.6 1,454.2 1,454.7 1,448.8 1,449.2 1,447.0 1,450.3 1,470.2

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




I

689.5

1,280.4

1,269.4

IV

1,283.1 1,295.5 1,273.5

1,289.2

Final sales
Change in business inventories

Addenda:
Gross domestic purchases * .,
Final sales to domestic purchasers *

III

2,917.3 3,083.1 2,949.1 2,989.9 3,031.1 3,061.4 3,083.5 3,156.5 1,493.7 1,486.0
35.6
162
13.2
23.8
31.8
20.5
9.0
-9.2
4.7
483

1982

1981

1,268.7 1,304.2 1,285.1 1,285.2 1,305.0 1,299.3 1,290.7 1,321.8
4.7
13.2 -35.6 -16.2
31.8
483
238
20.5

Goods

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

1982 r

IV

2,937.7 3,059.3 2,980.9 3,003.2 2,995.5 3,045.2 3,088.2 3,108.2

Gross national product
Final sales
Change in business inventories..

Services.
Structures........

Seasonally adjusted at annual rates

1981

1982

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