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SURVEY OF CURRENT BUSINESS

May 1985

Selected National Income and Product Accounts Tables
New estimates in this issue: First quarter 1985, revised.
The abbreviations used in the tables are: ~ CCAdj Capital consumption adjustment
Inventory valuation adjustment
IVA
NIPA's National income and product accounts
Preliminary
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 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 dollars

Billions of 1972 dollars

Seasonally adjusted at annual rates

1983

1984

1983
IV

Gross national product

3,304.8

Personal consumption expenditures

3,662.8

3,431.7

1984
I

Gross private domestic investment

1984

1983

3,758.7

3,817.1

1,534.7

1,639.3 1,572.7

2,396.5

2,446.1

1,009.2

1,062.4

1,032.4

320.7
317.2
326.3
861.4
858.3
866.5
1,153.7 1,182.8 1,203.8

334.5
877.0
1,234.6

157.5
376.3
475.4

178.0
393.5
490.8

167.2
383.2
482.0

173.7
387.1
483.4

2,361.4

1985

1984

lr

III

3,553.3 3,644.7 3,694.6

279.8
318.8
299.8
310.9
801.7
856.9
828.0
841.3
1,074.4 1,166.1 1,107.5 1,124.4

1983

IV

II

2,155.9 2,341.8 2,230.2 2,276.5 2,332.7

Durable goods
Nondurable goods
Services

Seasonally adjusted at annual rates

1985

II

I

IV

III

IV

Ir

1,662.4

1,665.4

1,065.9

1,075.4

1,089.2

178.6
396.6
488.9

1,610.9

177.0
395.5
493.5

182.9
395.0
497.5

186.8
398.4
504.0

1,638.8 1,645.2

1,044.1 1,064.2

471.6

Net exports of goods and services

637.8

540.0

623.8

627.0

662.8

637.8

651.2

221.0

289.9

249.5

285.5

283.9

300.2

289.9

294.1

485.1
325.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
31
-10.4

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

579.6
425.7
150.4
275.3
153.9
148.8
1.1
4.0
58.2
49.6
8.6

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

550.0
389.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2

576.4
402.8
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

601.1
447.7
157.9
289.7
153.5
148.3
1.0
4.1
36.6
27.2
9.4

610.6
455.3
165.3
290.1
155.3
150.1
1.0
4.2
40.6
33.5
7.1

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

265.1
204.9
56.9
148.0
60.2
57.5
.4
2.3
24.8
20.9
4.0

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

273.1
213.8
59.4
154.4
59.2
56.5
.4
2.4
16.8
12.0
4.8

274.6
215.2
61.8
153.4
59.4
56.6
.4
2.4
19.6
15.9
3.7

-8.3

-64.2

-29.8

-90.6

-56.0

-69.1

-8.3

12.6

-15.0

2.0

368.6
459.3

367.2
423.2

363.5
432.6

139.5
126.9

146.0
161.1

141.0
139.1

144.9
153,2

144.7
156.2

147.4
174.4

147.1
160.5

144.8
171.8

691.4

704.4

743.7

761.0

780.5

789.0

291.9

302.1

288.8

289.5

302.1

306.1

310.5

309.1

266.3
207.2
59.1
425.1

267.6
213.4
54.2
436.8

296.4
220.8
75.6
447.4

302.0
220.3
81.7
458.9

315.7
231.6
84.1
464.8

316.8
233.6
83.2
472.2

116.2
84.7
31.5
175.7

122.5
89.6
32.9
179.6

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
92.7
36.8
180.9

128.2
92.2
35.9
181.0

346.1
375.9

747.4

269.7
200.5
69.3
415.8

Federal
National defense
Nondefense
State and local

-58.7
362.4
421.1

364.3
428.5

685.5

Government purchases of goods and services

-51.5
358.9
410.4

336.2
344.4

Exports
Imports

295.4
221.5
73.9
452.0

-11.4

-27.0

-13.4

-27.0

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
3,694.6

3,758.7

3,622.8
71.8

3,722 1 3,776.6
40.6
36.6

1,534.7

1,639.3 1,572.7

1,610.9 1,638.8 1,645.2

1,662.4

1,665.4

1,618.5 1,614.6
30.6
20.3

1,645.6
16.8

1,645.9
19.6

1,538.3 1,614.5 1,565.4
7.2
-3.6
24.8

1,579.3
31.6

1,543.0

1,423.9

1,498.0

1,549.2

1,579.8

1,585.3

688.6

764.5

715.5

744.9

767.4

766.8

778.8

773.2

1,369.2 1,484.8
58.2
-13.5

1,411.2
12.7

1,424.2 1,494.2 1,477.4
71.8
73.8
50.6

1,543.2
36.6

1,544.7
40.6

692.2
-3.6

739.6
24.8

708.2
7.2

713.3
31.6

747.1
20.3

736.1
30.6

762.0
16.8

753.6
19.6

6557
625.3
30.4
8873
859.5
27.8

607.4
592.9
14.5
816.5
818.3
-1.7

1,355.7

Goods
Final sales
Change in business inventories

1,544.8

632.3
597.5
34.9
865.7
826.8
38.9

647.9
629.7
18.2
896.9
864.6
32.4

654.7
613.1
41.7
894.4
864.3
30.1

687.7
661.0
26.7
892.1
882.2
9.9

676.8
649.2
27.6
908.5
895.5
12.9

295.6
296.1
-.5
392.9
396.1
-3.2

341.6
328.4
13.2
422.9
411.2
11.7

318.6
311.9
6.6
396.9
396.3
.6

331.1
316.4
14.7
413.8
396.9
16.9

339.5
331.4
8.1
427.9
415.7
12.2

340.2
322.4
17.8
426.5
413.7
12.8

355.4
343.4
12.0
423.5
418.6
4.8

347.4
334.8
12.6
425.8
418.8
7.0

1 6393 1,763.3 1,681.3 1,713.7
341.6
326.5
356.5
309.8

1,742.6
357.2

1,783.3
362.1

1,813.7
365.2

1,859.6
372.3

723.2
122.9

736.7
138.1

728.7
128.5

731.4
134.6

732.9
138.5

739.0
139.4

743.6
140.0

751.0
141.3

1,522.1 1,654.4 1,570.7
1,525.7 1,629.5 1,563.4

1,619.2
1,587.6

1,650.2
1,629.9

1,672.2
1,641.6

1,675.8 1,692.5
1,659.0 1,672.9

1,638.8

1,645.2

5553
557.5
-21
8004
811.7
-11.3

Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
.
Change in business inventories
Services
Structures
Addenda:
Gross domestic purchases 1
Final sales to domestic purchasers 1

3,817.1

3,553.3 3,644.7

33183 36046 34190 3,479 5 3,594.1
12.7
73.8
50.6
58.2
-13.5

33048 3 662.8 3,431.7

Gross national product
Final sales
Change in business inventories

.

3,313.1 3,727.0 3,461.5 3,604.8 3,703.4 3,785.2
3,326.5 3,668.8 3,448.8 3,531.0 3,652.8 3,713.4

3,814.8 3,886.3
3,778.1 3,845.7

1. Gross domestic purchases equals GNP less export nlus 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

3,662.8

3,431.7

3,553.3 3,644.7 3,694.6

3,758.7

3,817.1

1,534.7

1,639.3 1,572.7

1,610.9

1,662.4

1,665.4

3,256.5
2,790.8
27289
2,434.7
2942
615
5
1165
78
1087
349.2
107.8
241.4
483

3,619.2
3,120.5
30490
2,725.7
3232
78.9
74
1235
81
1154
375.3
114.6
260.7
43.6

3,384.1
2,906.8
28543
2,550.2
304 1
57.3
-48
119.6
79
111 8
357.7
109.5
248.2
47.7

3,505.7
3,017.2
2,943.4
2,632.8
310.6
71.6
22
121.0
79
113.1
367.4
113.8
253.6
47.6

3,650.1
3,148.5
3,078.0
2,750.3
327.7
83.5
-130
123.8
81
115.7
377.7
114.7
263.0
44.5

3,718.6
3,209.4
31370
2,801.1
3359
82.3
-99
126.0
83
117.8
383.2
115.3
267.8
40.2

3,777.3 1,512.1
3,257.0 1,307.8
3,189 9 1,273.8
2,846.6 1,130.6
3433
1432
74.2
33.8
.2
-7 1
47.3
128.0
84
33
119.6
44.0
392.4
157.0
51.3
119.1
105.7
273.3
39.8
22.5

1,619.7 1,550.7
1,413.9 1,345.7
1,377.6 1,316.3
1,228.8 1,171.2
145.1
148.8
39.7
31.6
-2.2
-3.3
47.5
47.8
33
34
44.4
44.2
157.5
158.0
51.7
51.9
106.1
105.8
21.9
19.6

1,589.2 1,619.8 1,625.3 1,644.6
1,384.0 1,414.1 1,419.5 1,438.1
1,347.5 1,380.1 1,383.5 1,399.2
1,200.9 1,232.1 1,233.9 1,248.1
148.0
149.6
146.5
151.1
35.6
41.8
43.3
38.1
-4.4
-5.9
-4.1
1.0
47.7
48.2
47.6
47.9
34
3.4
34
3.5
44.2
44.3
44.8
44.5
157.7
157.8
158.1
158.3
52.0
51.8
51.9
52.0
106.2
105.8
106.3
105.9
21.6
19.0
19.9
17.8

1,648.0
1,441.0
1,402.9
1,250.3
152.6
41.2
-3.2
48.6
3.5
45.1
158.5
52.0
106.5
17.4

2,487.7

3,602.6
3,106.8
3,037.5
2,718.8
318.7
78.3
-9.0
123.1
8.0
115.1
372.7
114.4
258.3
42.1

1,163.5

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