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SURVEY OF CURRENT BUSINESS

June 1985

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 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1983

1984

1983
IV

Gross national product

1984
I

3,304.8 3,662.8 3,431.7 3,553.3

Personal consumption expenditures

II

III

279.8
801.7
1,074.4

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

318.8
299.8
856.9
823.0
1,166.1 1,107.5

310.9
841.3
1,124.4

IV

2,361.4 2,396.5 2,446.5

320.7
317.2
858.3
861.4
1,153.7 1,182.8

1983

1984

326.3
866.5
1,203.8

334.8
877.3
1,234.4

1985

1984

1983

lr

3,644.7 3,694.6 3,758.7 3,810.6

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

Durable goods
Nondurable goods
Services

1985

IV

I

II

III

IV

I"

1,534.7

1,639.3

1,572.7

1,610.9

1,638.8

1,645.2

1,662.4

1,663.5

1,009.2

1,062.4

1,032.4

1,044.1 1,064.2

1,065.9

1,075.4

1,089.1

157.5
376.3
475.4

178.0
393.5
490.8

167.2
383.2
482.0

173.7
387.1
483.4

178.6
396.6
488.9

177.0
395.5
493.5

182.9
395.0
497.5

187.0
398.6
503.5

471.6

. .

637.8

540.0

623.8

627.0

662.8

637.8

646.8

221.0

289.9

249.5

285.5

283.9

300.2

289.9

292.1

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

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

606.1
450.9
162.9
288.0
155.2
150.0
1.0
4.2
40.7
34.1
6.6

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

273.0
213.0
60.8
152.2
60.0
57.2
.4
2.4
19.1
15.7
3.4

-58.7

-90.6

12.6

-15.0

2.0

-8.3

-11.4

-27.0

-13.4

-28.4

336.2
344.4

364.3
428.5

346.1
375.9

358.9
410.4

362.4
421.1

368.6
459.3

367.2
423.2

360.7
435.2

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

143.7
172.1

685.5

747.4

691.4

704.4

743.7

761.0

780.5

791.9

291.9

302.1

288.8

289.5

302.1

306.1

310.5

310.7

269.7
200.5
69.3
415.8

295.4
221.5
73.9
452.0

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

319.9
233.9
85.9
472.0

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

129.8
92.7
37.1
180.9

-8.3

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

-64.2

-29.8

-51.5

-56.0

-74.5

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

Seasonally adjusted at annual rates

1983

1984

IV

1985

1984

1983
I

II

III

IV

3,758.7

1984

IV

1985

1984

1983

lr

3,694.6

1983

I

II

III

IV

Ir

1,638.8

3,810.6

1,534.7

1,639.3 1,572.7

1,610.9

1,645.2

1,662.4

1,663.5

3,318.3 3,604.6 3,419.0 3,479.5 3,594.1 3,622.8
-13.5
58.2
12.7
73.8
50.6
71.8

Gross national product

3,722.1 3,770.0
36.6
40.7

1,538.3
-3.6

1,614.5 1,565.4
24.8
7.2

1,579.3 1,618.5 1,614.6
20.3
30.6
31.6

1,645.6
16.8

1,644.4
19.1

3,304.8 3,662.8 3,431.7

Final sales
Change in business inventories
Goods

3,553.3 3,644.7

1,355.7

1,543.0 1,423.9

1,498.0

1,544.8 1,549.2

1,579.8 1,583.8

688.6

764.5

715.5

744.9

767.4

766.8

778.8

773.0

Final sales
Change in business inventories

1,369.2
-13.5

1,484.8
58.2

1,411.2
12.7

1,424.2
73.8

1,494.2
50.6

1,477.4
71.8

1,543.2
36.6

1,543.1
40.7

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

753.8
19.1

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

555.3
557.5
-2.1
800.4
811.7
-11.3

655.7
625.3
30.4
887.3
859.5
27.8

607.4
592.9
14.5
816.5
818.3
-1.7

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

677.1
648.2
29.0
906.7
895.0
11.7

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

346.9
334.3
12.6
426.0
419.5
6.5

1,639.3
309.8

1,763.3
356.5

1,681.3
326.5

1,713.7
341.6

1,742.6
357.2

1,783.3
362.1

1,813.7
365.2

1,857.2
369.6

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

749.7
140.9

1,619.2 1,650.2
1,587.6 1,629.9

1,672.2
1,641.6

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

l

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 3,885.2
3,778.1 3,844.5

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

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




1,675.8 1,692.0
1,659.0 1,672.8

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