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SURVEY OF CURRENT BUSINESS

8

July 1985

National Income and Product Accounts Tables
New estimates in this issue: Second quarter 1985,
The abbreviations used in the tables are: CCAdj
IVA
NIPA's

preliminary.
Capital consumption adjustment
Inventory valuation adjustment
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

1984
I

II

1983

1985
III

IV

I

1985

1984

1984

IV

III

II

I

II"

I

II"

3,810.6 3,853.5

1,534.7

1,639.3 1,610.9 1,638.8 1,645.2

1,662.4

1,663.5 1,670.7

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

2,361.4

2,396.5 2,446.5 2,496.1

1,009.2

1,062.4

1,044.1 1,064.2

1,065.9

1,075.4

1,089.1

1,103.1

318.8
279.8
801.7
856.9
1,074.4 1,166.1

Gross national product

340.7
326.3
334.8
894.7
877.3
866.5
1,203.8 1,234.4 1,260.7

157.5
376.3
475.4

178.0
393.5
490.8

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

190.6
404.4
508.1

3,304.8

Personal consumption expenditures
Durable goods
Nondurable goods
Services

3,662.8 3,553.3 3,644.7 3,694.6 3,758.7

310.9
841.3
1,124.4

320.7
858.3
1,153.7

317.2
861.4
1,182.8

471.6

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

637.8

623.8

627.0

662.8

637.8

646.8

638.7

221.0

289.9

285.5

283.9

300.2

289.9

292.1

287.7

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

579.6
425.7
150.4
275.3
153.9
148.8
1.1
4.0
58.2
49.6
8.6

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

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

626.1
466.5
171.5
295.0
159.6
153.8
1.5
4.3
12.6
8.8
3.8

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

253.9
193.3
54.1
139.2
60.658.0
.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

281.9
219.9
63.5
156.4
62.0
59.0
.6
2.5
5.8
3.8
2.0

-8.3

Exports
Imports

-64.2

-51.5

-58.7

336.2
344.4

Government purchases of goods and services
Federal .
National defense
Nondefense
State a n d local

.

.

.

364.3
428.5

358.9
410.4

685.5

747.4

704.4

743.7

269.7
200.5
69.3
415.8

295.4
221.5
73.9
452.0

267.6
213.4
54.2
436.8

-90.6

362.4
421.1

296.4
220.8
75.6
447.4

368.6
459.3

-56.0

12.6

-15.0

-8.3

-11.4

-27.0

-13.4

-28.4

-33.8

349.5
440.7

139.5
126.9

146.0
161.1

144.9
153.2

144.7
156.2

147.4
174.4

147.1
160.5

143.7
172.1

139.0
172.7

791.9

809.8

291.9

302.1

289.5

302.1

306.1

310.5

310.7

313.7

319.9
233.9
85.9
472.0

325.2
240.9
84.3
484.6

116.2
84.7
31.5
175.7

122.5
89.6
32.9
179.6

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

130.6
94.8
35.7
183.1

-74.5

367.2
423.2

761.0

780.5

302.0
220.3
81.7
458.9

315.7
231.6
84.1
464.8

-91.1

360.7
435.2

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

Billions of 1972 dollars
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1983

1984

1984
I

Gross national product .

3,304.8 3,662.8 3,553.3

3,644.7

III

IV

I

I

II"

1,638.8

3,694.6 3,758.7

3,810.6 3,853.5

1,534.7

1,639.3

1,610.9

3,604.6 3,479.5 3,594.1 3,622.8 3,722.1
58.2
73.8
50.6
71.8
36.6

3,770.0 3,840.9
40.7
12.6

1,538.3
-3.6

1,614.5
24.8

1,579.3 1,618.5
31.6
20.3

1,543.0

III

IV

I

1,670.7

1,645.2 1,662.4
1,614.6
30.6

1,645.6
16.8

II"

1,644.4
19.1

1,664.9
5.8

..

1,544.8 1,549.2

1,579.8

1,583.8

1,574.5

688.6

764.5

744.9

767.4

766.8

778.8

773.0

769.0

1,369.2 1,484.8 1,424.2 1,494.2 1,477.4
58.2
-13.5
73.8
71.8
50.6

Final sales
Change in business inventories

1,543.2
36.6

1,543.1
40.7

1,561.9
12.6

692.2
-3.6

739.6
24.8

713.3
31.6

747.1
20.3

736.1
30.6

762.0
16.8

753.8
19.1

763.1
5.8

687.7
661.0
26.7
892.1
882.2
9.9

677.1
648.2
29.0
906.7
895.0
11.7

658.3
662.1
-3.8
916.3
899.8
16.4

295.6
296.1
-.5
392.9
396.1
-3.2

341.6
328.4
13.2
422.9
411.2
11.7

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

341.3
342.3
-1.0
427.7
420.8
6.8

1,742.6 1,783.3 1,813.7
362.1
357.2
365.2

1,857.2
369.6

1,891.7
387.3

723.2
122.9

736.7
138.1

731.4
134.6

732.9
138.5

739.0
139.4

743.6
140.0

749.7
140.9

754.6
147.2

1,672.2 1,675.8 1,692.0
1,641.6 1,659.0 1,672.8

1,704.5
1,698.7

555.3
557.5
-2.1
800.4
811.7
-11.3

655.7
625.3
30.4
887.3
859.5
27.8

1,498.0

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

Services
Structures

1,639.3 1,763.3 1,713.7
356.5
309.8
341.6

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

3,313.1 3,727.0 3,604.8 3,703.4 3,785.2 3,814.8
3,326.5 3,668.8 3,531.0 3,652.8 3,713.4 3,778.1

3,885.2 3,944.6
3,844.5 3,932.0

1,522.1 1,654.4 1,619.2
1,525.7 1,629.5 1,587.6

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




II

1,355.7

Goods

1985

1984

1984

3,318.3
-13.5

Final sales
Change in business inventories

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

II

1983

1985

1,650.2
1,629.9

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