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SURVEY OF CURRENT BUSINESS

August 1984

Selected National Income and Product Accounts Tables
New estimates in this issue: Second 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
r
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 and
corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY.
Summary NIPA Series, 1950-83 are elsewhere in this issue. 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

1983
I

II

Seasonally adjusted at annual rates

1982

1984
III

IV

I

1984

1983

1983

II r

I

II

III

IV

II r

I

Gross national product

3,069.3 3,304.8 3,173.8 3,267.0 3,346.6 3,431.7 3,553.3 3,648.1

1,480.0 1,534.7

Personal consumption expenditures

1,984.9 2,155.9 2,070.4 2,141.6 2,181.4 2,230.2 2,276.5 2,329.5

963.3 1,009.2

982.5 1,006.2 1,015.6

140.5
363.1
459.8

157.5
376.3
475.4

146.8
368.8
466.8

156.2
374.9
475.1

159.6
378.5
477.6

167.2
383.2
482.0

173.7
387.1
483.4

178.4
396.7
488.1

Durable goods
Nondurable goods
Services

259.4
245.1
279.8
276.1
284.1
299.8
320.3
310.9
775.2
757.5
801.7
811.7
823.0
858.2
796.9
841.3
982.2 1,074.4 1,035.8 1,068.6 1,085.7 1,107.5 1,124.4 1,151.0

1,491.0 1,524.8 1,550.2 1,572.7 1,610.9

1,640.8

1,032.4 1,044.1 1,063.1

Gross private domestic investment....

414.9

471.6

405.0

449.6

491.9

540.0

623.8

626.4

194.3

221.0

191.3

212.6

230.6

249.5

285.5

284.1

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

441.0
349.6
142.1
207.5
91.4
86.6
1.5
3.3
-26.1
-24.0
-2.1

485.1
352.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
-3.1
-10.4

447.9
334.6
130.4
204.2
113.3
108.9
1.0
3.4
42 9
-32.6
10 3

469.0
339.3
125.6
213.6
129.8
125.3
.9
3.5
-19.4
-5.4
-14.0

496.2
353.9
126.2
227.8
142.3
137.7
.9
3.7
-4.3
11.6
-15.9

527.3
383.9
136.6
247.3
143.4
138.7
.9
3.8
12.7
14.1
-1.4

550.0
398.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2

577.9
422.1
151.2
271.0
155.7
150.6
1.1
4.0
48.5
44.7
3.8

204.7
166.9
53.3
113.5
37.9
35.3
.6
1.9
-10.4
92
-1.2

224.6
171.0
49.2
121.8
53.7
51.2
.4
2.1
-3.6
.6
-4.2

207.8
161.6
49.0
112.5
46.2
43.8
.4
2.0
-16.5
11 8
-4.6

218.7
165.3
48.1
117.2
53.4
51.0
.4
2.1
-6.1
-.3
-5.8

229.8
172.6
48.3
124.3
57.2
54.7
.4
2.1
.9
7.4
-6.6

242.2
184.5
51.4
133.1
57.8
55.2
.4
2.2
7.2
7.0
.2

253.9
193.3
54.1
139.2
60.6
58.0
.4
2.2
31.6
26.2
5.4

264.4
203.5
57.3
146.2
60.9
58.1
.4
2.3
19.7
18.0
1.7

-16.4

Net exports of goods and services...

19.0

-8.9

Federal
National defense
Nondefense
State and local

19.6

-6.5

29.7

12.6

22.9

11.9

2.0

83

336.2
344.4

328.5
308.9

328.1
334.5

342.0
358.4

346.1
375.9

358.9
410.4

366.9
421.6

147.6
118.0

139.5
126.9

138.2
115.3

137.0
123.4

141.6
129.7

141.0
139.1

144.9
153.2

147.0
155.9

650.5

685.5

678.8

682.2

689.8

691.4

704.4

746.8

292.7

291.9

294.3

292.4

292.0

288.8

289.5

302.5

258.9
179.5
79.4
391.5

Government purchases of goods and services .

83

348.4
329.4

Exports
Imports

269.7
200.5
69.3
415.8

273.0
194.7
78.3
405.8

270.5
199.3
71.3
411.6

269.2
200.9
68.3
420.6

266.3
207.2
59.1
425.1

267.6
213.4
54.2
436.8

299.3
221.2
78.1
447.5

117.0
79.1
37.9
175.7

116.2
84.7
31.5
175.7

119.0
83.3
35.7
175.3

117.2
.84.8
32.3
175.2

115.6
84.4
31.2
176.4

113.0
86.3
26.7
175.8

112.2
87.1
25.2
177.3

123.5
89.5
34.0
179.0

-29.8

-51.5

-54.6

13.6

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
3,069.3 3,304.8 3,173.8 3,267.0 3,346.6 3,431.7

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

1,498.0 1,542.9

660.6

688.6

658.9

681.6

698.1

715.5

744.9

766.4

13029 13692 13316 13565 13775 14112
12.7
194
-4.3
261
135 -429

Final sales
Change in business inventories .

3,479.5 3,599.6 1,490.4 1,538.3 1,507.5 1,530.9 1,549.3 1,565.4 1,579.3 1,621.1
9
197
316
72
61
104
16 5
73 8
48 5
36

1,276.8 1,355.7 1,288.7 1,337.1 1,373.2 1,423.9

Goods

3,553.3 3,648.1 1,480.0 1,534.7 1,491.0 1,524.8 1,550.2 1,572.7 1,610.9 1,640.8

30954 3,318 3 3,216.8 3,286.4 3,350.9 3,419.0
127
429
19 4
43
26 1
13 5

Gross national product
Final sales
Change in business inventories

14242 14944
738
48.5

671 1
-10.4

6922
—36

6754
— 16.5

6877
-6.1

6972
.9

7082
7.2

713.3
31.6

746.7
19.7

645.1
629.0
161
897.7
8653
324

269.5
277.4
78
391.1
3937
-2.6

295.6
2961
5
3929
3961
—32

268.6
2805
120
390.4
3949
45

290.2
292.3
21
391.4
3954
-4.0

305.2
299.6
56
392.9
3977
-4.8

318.6
311.9
6.6
396.9
3963
.6

331.1
316.4
14.7
413.8
396.9
16.9

338.6
331.2
7.3
427.9
415.5
12.4

707.8
111.6

7232
122.9

7168
115.2

721.9
121.3

725.4
126.6

728.7
128.5

731.4
134.6

735.2
139.2

4999
5179
180
7769
7850
81

555.3
5575
21
8004
8117
113

495.9
5260
300
7927
8056
129

541.1
5465
55
7961
8100
139

576.9
5645
125
796.2
8130
-168

607.4
592.9
145
816.5
8183
-17

632.3
5975
349
8657
8268
389

Services
Structures

1 510 8 16393 1 5941 1 6272 1 654.5 1,681.3
291.1
319.0
326.5
309.8
302.6
281.7

17137 1,746.5
341.6
358.7

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

30502 3,313.1 3,154.2 3,273.4 3,363.0 3,461.5
30763 33265 3197 1 32928 33674 34488

3,604.8 3,702.7
35310 36542

1,450.3 1,522 1 1,468.1 1,511.2 1,538.3 1,570.7 1,619.2 1,649.7
14607 15257 14846 15173 1,537 4 1,563.4 1,587.6 1,630.0

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

Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
...
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing




3,069.3 3,304.8 3,173.8 3,267.0 3,346.6 3,431.7 3,553.3 3,648.1 1,480.0
3,Cf21.3
25890
25144
2,246 6
2679
751
5
1074
76
99.8
3249
101.2
2237
48.0
2,318.4

3,256.5
27908
27289
2,434.7
2942
615
5
1165
7.8
108.7
3492
107.8
2414
48.3

3,127.1
26726
25966
2,312.0
2846
68.6
75
1135
7.7
105.7
341.0
106.3
234.7
46.7

3,219.6
27576
2 695 2 '
2,404.6
2907
583
41
1156
7.7
107.9
346.4
107.3
239.1
47.4

3,295.2
28262
27693
2,471.9
2974
61.7
48
1173
7.8
109.6
351.6
108.1
243.6
51.5

3,384.1
29068
2,854.3
2,550.2
3041
57.3
48
119.6
7.9
111.8
357.7
109.5
248.2
47.7

3,505.7
30172
29434
2,632.8
3106
71.6
22
1210
7.9
113.1
367.4
113.8
253.6
47.6

3,599.2
3 1034
3,029.3
2,710.7
3187
78.5
44
123.1
8.0
115.1
372.7
114.4
258.3
48.9

1,456.7
12534
1,214.8
1,075.6
1392
38.9
3
46.7
3.3
43.4
156.5
50.5
106.0
23.3
1,116.2

1,534.7 1,491.0 1,524.8 1,550.2 1,572.7 1,610.9 1,640.8
1,512.1
13078
1,273 8
1,130.6
1432
33.8
2
473
3.3
44.0
157.0
51.3
105.7
22.5

1,468.9
12652
1,225.4
1,084.0
1414
36.2
35
47.1
3.3
43.7
156.7
51.0
105.6
22.1

1,502.6
1,298.5
1,264.1
1,121.5
142.6
32.5
1.9
47.2
3.3
43.9
156.9
51.2
105.6
22.2

1,526.2
1,321.9
1,289.3
1,145.6
143.8
34.8
-2.3
47.3
3.3
44.0
157.0
51.4
105.6
24.0

1,550.7
1,345.7
1,316.3
1,171.2
145.1
31.6
-2.2
47.5
3.3
44.2
157.5
51.7
105.8
21.9

1,589.2
1,384.0
1,347.5
1,200.9
146.5
35.6
1.0
47.6
3.4
44.2
157.7
51.8
105.8
21.6

1,618.7
1,413.1
1,377.3
1,229.3
148.0
37.8
2.0
47.8
3.4
44.5
157.8
51.9
105.9
22.1

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