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SURVEY OF CURRENT BUSINESS

February 1985

Selected National Income and Product Accounts Tables
New estimates in this issue: Fourth quarter and annual 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, 1952-83, are in the August 1984 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

1983

1984

r

1983

1984

1983
III

IV

I

II

III

1984

r

1984

1983
III

IV r

IV

I

II

III

IV r

Gross national product

3,304.8

3,664.2

3,346.6

3,431.7

3,553.3

3,644.7

3,694.6

3,764.2

1,534.7

1,639.9

1,550.2

1,572.7

1,610.9

1,638.8

1,645.2

1,664.8

Personal consumption expenditures

2,155.9

2,342.0

2,181.4

2,230.2

2,276.5

2,332.7

2,361.4

2,397.4

1,009.2

1,062.4

1,015.6

1,032.4

1,044.1

1,064.2

1,065.9

1,075.4

279.8
801.7
1,074.4

284.1
318.5
811.7
856.8
1,166.7 1,085.7

299.8
823.0
1,107.5

310.9
841.3
1,124.4

320.7
858.3
1,153.7

317.2
861.4
1,182.8

325.3
866.0
1,206.1

157.5
376.3
475.4

177.9
393.5
491.0

159.6
378.5
477.6

167.2
383.2
482.0

173.7
387.1
483.4

178.6
396.6
488.9

177.0
395.5
493.5

182.4
395.0
498.1

Durable goods
Nondurable goods
Services

471.6

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

491.9

540.0

623.8

627.0

662.8

634.3

221.0

289.6

230.6

249.5

285.5

283.9

300.2

288.8

579.1
425.3
150.5
274.8
153.8
148.7
1.1
4.0
57.9
49.3
8.6

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

576.4
420.8
150.0
270.7
155.6
150.5
1.0
4.1
50.6
47.0
3.5

591.0
435.7
151.4
284.2
155.3
150.1
1.2
4.0
71.8
63.7
8.1

599.0
445.9
158.3
287.7
153.1
147.9
1.0
4.1
35.3
25.9
9.4

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

264.8
204.6
56.9
147.7
60.2
57.5
.4
2.3
24.8
20.9
4.0

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

263.7
202.9
56.8
146.0
60.8
58.1
.4
2.3
20.3
18.7
1.6

269.6
209.5
57.1
152.4
60.1
57.3
.5
2.3
30.6
26.5
4.1

272.0
212.7
59.6
153.1
59.3
56.5
.4
2.4
16.8
12.0
4.8

-90.6

-8.3

.. .

Government purchases of goods and services
Federal
National defense
Nondefense
State and local

-62.5

-16.4

-29.8

-49.2

12.6

-14.2

-8.3

-11.4

-27.0

-10.2

336.2
344.4

Net exports of goods and services
Exports
Imports

637.0

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

Gross private domestic investment

364.8
427.3

342.0
358.4

346.1
375.9

358.9
410.4

362.4
421.1

368.6
459.3

369.4
418,5

139.5
126.9

146.3
160.5

141.6
129.7

141.0
139.1

144.9
153.2

144.7
156.2

147.4
174.4

148.2
158.4

685.5

747.7

689.8

691.4

704.4

743.7

761.0

781.7

291.9

302.1

292.0

288.8

289.5

302.1

306.1

310.8

316.3
231.3
85.0
465.4

116.2
84.7
31.5
175.7

122.5
89.5
33.0
179.6

115.6
84.4
31.2
176.4

113.0
86.3
26.7
175.8

112.2
87.1
25.2
177.3

123.2
89.6
33.6
178.9

125.0
89.1
36.0
181.1

129.6
92.4
37.1
181.2

1 550 2 1 572.7 1 610.9 1,638.8

1,645.2

269.7
200.5
69.3
415.8

295.6
221.4
74.1
452.1

269,2
200.9
68.3
420.6

266.3
207.2
59.1
425.1

-51.5

267.6
213.4
54.2
436.8

-58.7

296.4
220.8
75.6
447.4

302.0
220.3
81.7
458.9

11.9

2.0

Table 1.3-1.4.—-Gross National Product by Major Type of Product in Current and Constant Dollars
Gross national product

3,304.8

Final sales.. .
Change in business inventories

3,664.2

3,346.6

3,431.7

3,553.3

3,644.7

3,694.6

3,764.2

3 318 3 3 606 3 3 350 9 3 419 0 3 479 5 3 594 1 3 6228 3 728 9
738
579
43
127
135
506
718
353

Goods

1 355 7 1 542 9 1 373 2 1 423 9 1 498 0 1 544 8 1 549 2 1 579 6

Final sales
Change in business inventories

13692
-13.5

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

5553
557 5
-2 1
8004
811 7
-11.3

Services
Structures
Addenda:
Gross domestic purchases * .. ..
Final sales to domestic purchasers

1 4850 1 3775 1411 2
127
579
-4.3
6557
6253
304
8872
8597
27.5

5769
5645
125
7962
8130
-16.8

6074
5929
145
8165
8183
-1.7

1 424 2 1 494 2 1 477 4 1 544 3
738
506
718
353
6323
597 5
349
8657
8268
38.9

6479
629 7
182
8969
8646
32.4

6547
613 1
417
8944
864 3
30.1

6878
661 0
268
891 8
883 3
8.5

1 639 3 1 764 6 1 654 5 1 681 3 1 713 7 1 742 6 1 783 3 1 819 0
357 2
309 8 '356 6
319 0
362 1
341 6
326 5
365 6

3313 1 37267 33630 3 461 5 36048 3 703 4
3,326.5 3,668.8 3,367.4 3,448.8 3,531.0 3,652.8

J

3 785 2 3 813 4
3,713.4 3,778.1

1 534.7 1,639.9

1,664.8

1 538 3 1 615 1 1 549 3 1 5654 1 5793 1 618 5 1 614 6 1 6480
9
168
31 6
20 3
36
24 8
72
306
688 6

764 4

698 1

715 5

744 9

767 4

766 8

778 7

692 2
36

739 6
248

697 2
9

708 2
72

713 3
31 6

747 1
203

736 1
306

7619
168

295 6
296 1
5
3929
396 1
-3.2

341 4
328 2
132
4230
411 4
11.7

305 2
299 6
56
3929
397 7
-4.8

318 6
311 9
66
3969
396 3
.6

331 1
316 4
147
413 8
396 9
16.9

339 5
331 4
81
427 9
4157
12.2

3402
3224
178
426 5
413 7
12.8

354 8
3427
12 1
4239
4192
4.7

723 2
122 9

737 2
138 2

725 4
126 6

728 7
128 5

731 4
134 6

732 9
138 5

739 0
139 4

745 7
140 4

1 522 1 1 654 2 1 538 3 1 570 7 1 619 2 1 650 2 1 672 2 1 6750
1,525.7 1,629.3 1,537.4 1,563.4 1,587.6 1,629.9 1,641.6 1,658.2

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




3 304 8 3 664 2 3 346 6 3 431 7 3 553 3 3 644 7 3 694 6 3 764 2

1 534 7 1 639 9 1 550 2 1 572 7 1 610 9 1 638 8 1 645 2 1 664 8

3 256 5
27908
27289
2*434 7
2942
61 5
5
1165
78
1087
349 2
107 8
241 4
48 3

1 512 1
1 307 8
1 273 8
1 130 6
143 2
33 8
2
47 3
33
44 0
157 0
51 3
105 7
22 5

2,487 7

3 619 4
3 1206
3 049 9
2 726 7
323 2
789
82
1235
81
1154
375 3
114 6
2607
44 8

3 295 2
28262
27693
2471 9
2974
61 7
48
1173
78
1096
351 6
108 1
2436
51 5

3 384 1
29068
2 854 3
2*5502
304 1
573
48
1196
79
111 8
357 7
1095
2482
477

3 505 7
30172
2 943 4
26328
310 6
71 6
22
121 0
79
113 1
367 4
1138
2536
47 e

3 602 6
3 1068
3 037 5
27188
318 7
783
90
1231
80
115 1
372 7
114 4
2583
42 l

3 650 1
3 148 5
3 078 0
2750 3
327 7
83 5
13 0
123 8
81
1157
377 7
114 7
2630
44 5

3 719 1
3 209 9
3 140 7
2 804 8
335 9
82 1
13 0
126 0
83
117 8
383 2
115 3
2678
45 1

1 1635

1 619 8
1 414 0
1 378 0
1 229 2
148 8
39 7
37
47 9
34
44 4
158 0
51 9
106 1
20 1

1 526 2
l'32l'9
1*289 3
1 145 6
143 8
34 8
23
47 3
33
44 0
157 0
51 4
105 6
24 0

1 550 7
1 3457
1 316 3
1 171 2
145 1
31 6
22
47 5
33
44 2
157 5
51 7
105 8
21 9

1 589 2
1 384 0
1 347 5
1 200 9
146 5
356
10
47 6
34
44 2
157 7
51 8
105 8
21 6

1 619 8
1 414 1
1 380 1
1 232 1
148 0
38 1
41
47 9
34
44 5
157 8
51 9
105 9
19 0

1 625 3
1 419 5
1 383 5
1 233 9
*149 6
41 8
59
47 7
34
44 3
158 1
52 0
106 2
19 9

1 644 8
1 438 3
1 400 9
1 249 8
151 1
43 2
58
48 2
35
44 8
158 3
52 0
106 3
20 0

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