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SURVEY OF CURRENT BUSINESS

June 1984

National Income and Product Accounts Tables
New estimates in this issue: First quarter 1984, revised.
The abbreviations used in the tables are: CCAdj Capital consumption adjustment
IVA
Inventory valuation adjustment
NIPA's National income and product accounts
Preliminary
p
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 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980-82
and corrections for earlier years are in the July 1983 SURVEY. Summary NIPA Series, 1950-82, are in the October 1983 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 dollars

Billions of 1972 dollars

Seasonally adjusted at annual rates

1982

1983

1982

IV

1983

I

III

II

Seasonally adjusted at annual rates

1984

IV

1982

1983

1982

lr

I
1,490.1

in

II

Gross national product

3,073.0 3,310.5

3,109.6 3,171.5

3,272.0 3,362.2 3,436.2 3,550.1

1,485.4 1,535.3

1,480.7

Personal consumption expenditures

1,991.9 2,158.0

2,046.9 2,073.0 2,147.0 2,181.1 2,230.9 2,286.2

970.2 1,011.4

979.6

986,7 1,010.6

156.3
376.1
479.0

143.2
366.0
470.4

145.8
368.9
472.0

Durable goods
Nondurable goods
Services

252.1
244.5
279.4
277.7
258.5
298.6
315.1
282.8
804.1
761.0
773.0
777.1
799.6
825.0
843.2
814.8
986.4 1,074.5 1,021.8 1,037.4 1,069.7 1,083.5 1,107.3 1,127.9

Gross private domestic investment
Fixed investment
Nonresidential
Structures
,
Producers' durable equipment
Residential
•
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports

139.8
364.2
466.2

1984

1983

IV

1,525.1 1,553.4

IV

lr

1,572.5

1,609.3

1,016.0 1,032.2 1,048.3

156.5
374.7
479.4

157.9
378.1
480.1

165.2
382.5
484.4

174.0
387.3
486.9

414.5

471.9

377.4

404.1

450.1

501.1

532.5

604.6

194.5

219.0

178.4

190.0

210.0

230.7

245.2

277.4

439.1
348.3
141.9
206.4
90.8
86.0
1.5
3.2
-24.5
-23.1
-1.4

478.4
348.4
131.1
217.2
130.0
124.9
1.5
3.6
-6.4
28
-3.7

433.8
337.0
138.6
198.4
96.8
91.2
2.3
3.3
-56.4
537
-2.7

443.5
332.1
132.9
199.3
111.3
106.7
1.3
3.4
-39.4
-39.0
-.4

464.6
336.3
127.4
208.8128.4
123.3
1.5
3.5
-14.5
-10.3
-4.2

492.5
351.0
130.9
220.2
141.5
136.3
1.6
3.6
8.5
18.4
-9.9

512.8
374.0
133.3
240.7
138.8
133.5
1.6
3.7
19.6
19.7
-.1

533.5
385.7
140.1
245.6
147.8
142.6
1.4
3.8
71.0
50.1
21.0

203.9
166.1
53.4
112.7
37.8
35.2
.6
1.9
94
-8.6
g

221.1
168.4
49.7
118.8
52.7
50.0
.6
2.1
2l
-.2
-1.9

201.1
160.5
52.2
108.3
40.6
37.8
.9
1.9
-22.7
-21.1
-1.6

205.4
159.9
50.3
109.6
45.5
43.0
.5
2.0
-15.4
-15.1
-.3

215.6
163.0
48.3
114.7
52.6
50.0
.6
2.1
-5.4
-3.3
-2.1

227.0
170.1
49.6
120.5
56.8
54.1
.6
2.1
3.8
8.8
-5.0

236.5
180.7
50.4
130.3
55.8
53.1
.6
2.1
8.7
8.8
-.1

246.7
187.6
53.3
134.3
59.2
56.4
.5
2.2
30.7
22.2
8.5

Federal
National defense
Nondefense
State and local

-9.0

5.6

17.0

-8.5

482

28.9

11.8

23.0

20.5

12.3

11.4

2.8

7.5

335.4
344.4

321.6
316.1

326.9
309.9

327.1
335.6

341.1
359.4

346.5
372.6

358.8
407.0

147.3
118.4

138.7
126.9

136.5
113.5

137.3
116.8

136.2
123.9

140.7
129.2

140.6
137.8

144.4
151.9

649.2

689.5

679.7

677.4

683.4

698.3

699.0

707.6

291.8

293.1

299.7

292.9

292.1

295.2

292.3

291.0

258.7
179.4
79.3
390.5

.

Government purchases of goods and services

17.4
347.6
330.2

274.8
200.3
74.5
414.7

279.2
190.8
88.5
400.5

273.5
194.4
79.1
404.0

273.7
199.4
74.3
409.7

278.1
201.2
76.9
420.2

274.1
206.3
67.8
424.9

271.9
212.7
59.2
435.7

116.6
78.8
37.8
175.2

117.8
84.3
33.6
175.3

124.4
81.4
43.0
175.2

118.4
82.7
35.7
174.5

117.6
84.2
33.4
174.5

118.9
84.2
34.7
176.3

116.4
85.8
30.5
175.9

113.8
87.1
26.6
177.2

-18.3

-26.1

Table 1.3-1.4.—Gross National Product by Major T^pe of Product in Current and Constant Dollars
Billions of dollars

Billions of 1972 dollars

Seasonally adjusted at annual rates

1982

1983

IV
Gross national product
Final sales
Change in business inventories
Goods
Final sales
Change in business inventories
Durable goods
Final sales....
Change in business inventories
Nondurable goods
Final sales
Change in business inventories

3,073.0 3,310.5

1983

1982

I

II

Seasonally adjusted at annual rates

1984

III

IV

1982

1983

lr

IV

I

II

III

3,109.6 3,171.5 3,272.0 3,362.2

3,436.2 3,550.1

1,485.4 1,535.3 1,480.7

1,490.1

1,525.1 1,553.4

3,097.5 3,316.9 3,165.9 3,210.9 3,286.6 3,353.7
245
64
564 -39.4
-14.5
8.5

3,416.6 3,479.1
19.6
71.0

1,494.8 1,537.4 1,503.4
-9.4
-2.1
-22.7

1,505.5
-15.4

1,530.5
-5.4

1,208.9

1,438.1 1,498.3

661.6

688.6

652.1

656.9

681.8

1,418.5
19.6

1,427.3
71.0

671.0
-9.4

690.7
-2.1

674.8
-22.7

672.3
-15.4

687.2
-5.4

606.4
588.1
18.3
831.8
830.4
1.4

617.3
594.6
22.7
881.0
832.7
48.3

269.6
276.1
-6.5
392.0
394.9
-2.9

291.4
292.7
-1.3
397.3
398.0
-.8

256.4
275.3
-18.9
395.6
399.4
-3.8

261.3
277.0
-15.7
395.6
395.2
.3

712.2
111.6

724.5
122.2

715.0
113.6

717.8
115.4

1,366.5

1,305.4 1,373.0
245
64
500.8
516.3
-15.5
780.1
789.1
-9.1

548.7
552.6
-3.9
817.8
820.3
-2.5

1,264.8 1,292.2 1,346.8

1,388.9

1,321.2 1,331.6 1,361.3 1,380.4
564 -39.4
-14.5
8.5
474.0
519.0
-45.0
790.8
802.2
-11.4

482.7
520.9
-38.2
809.5
810.6
-1.2

536.8
545.7
-8.9
810.0
815.7
-5.7

568.9
555.9
13.1
820.0
824.5
-4.5

Services
Structures

1,511.1 1,635.6 1,560.5 1,588.4 1,623.4 1,651.0
281.0
308.4
290.9
301.9
284.3
322.3

1,679.6 1,715.7
318.5
336.2

Addenda:
Gross domestic purchases l
Final sales to domestic purchasers l

3,055.6 3,319.5 3,104.0 3,154.6 3,280.5 3,380.5
3,080.1 3,325.9 3,160.4 3,193.9 3,295.0 3,371.9

3,462.3 3,598.4
3,442.7 3,527.3

IV

lr

1,572.5

1,609.3

1,549.7 1,563.7
8.7
3.8

1,578.6
30.7

699.0

716.8

742.7

695.3
3.8

708.0
8.7

712.0
30.7

287.4
291.1
-3.7
394.5
396.1
-1.7

299.9
294.1
5.8
399.2
401.2
-2.0

316.9
308.4
8.5
399.9
399.6
.3

323.5
313.8
9.7
419.2
398.2
21.0

723.0
120.3

727.0
127.3

730.0
125.7

734.3
132.3

1,456.5 1,523.5 1,457.7 1,469.6 1,512.8 1,542.0 1,569.7 1,616.8
1,465.9 1,525.6 1,480.4 1,485.0 1,518.3 1,538.2 1,561.0 1,586.1

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




1984

1983

1982

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