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SURVEY OF CURRENT BUSINESS

September 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

revised.
Capital consumption adjustment
Inventory valuation adjustment
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.
The full set of NIPA estimates shown regularly in this part of the SURVEY are now available on diskette for $240 per year (12 updates). For
more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.

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

1984
I

Gross national product

3,304.8 3,662.8 3,553.3

Personal consumption expenditures

II

III

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

IV

2,341.8

2,276.5 2,332.7

318.8
856.9
1,166.1

310.9
841.3
1,124.4

471.6

637.8

485.1
352.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
31
-10.4

579.6
425.7
150.4
275.3
153.9
148.8
1.1
4.0
58.2
49.6
8.6

Federal
National defense
Nondefense
State and local

1985

1984
I

II

1,534.7

1,639.3 1,610.9

1,009.2

1,062.4

IV

III

1,662.4

1,663.5

1,671.3

1,065.9

1,075.4

1,089.1

1,102.1

1,638.8 1,645.2

1,044.1 1,064.2

11 r

I

320.7
858.3
1,153.7

317.2
861.4
1,182.8

326.3
866.5
1,203.8

334.8
877.3
1,234.4

339.2
891.9
1,261.9

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

190.1
403.2
508.7

623.8

627.0

662.8

637.8

646.8

643.2

221.0

289.9

285.5

283.9

300.2

289.9

292.1

289.5

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

625.3
467.3
168.3
299.0
158.0
152.4
1.3
4.3
17.9
11.4
6.5

224.6
171.0
49.2
121.8
53.7
51.2
.4
2.1
36
.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
60.6
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

281.2
220.3
62.1
158.2
60.9
57.9
.5
2,5
8.3
4.9
3.4

-74.5

-94.0

-13.4

-8.3

-64.2

90 6

56 0

364.3
428.5

358.9
410.4

362.4
421.1

368.6
459.3

367.2
423.2

685.5

747.4

704.4

743.7

761.0

269.7
200.5
69.3
415.8

Government purchases of goods and services

1984

II r

I

2,361.4 2,396.5 2,446.5 2,493.0

336.2
344.4

Exports
Imports

1983

3,644.7 3,694.6 3,758.7 3,810.6 3,853.1

2,155.9
279.8
801.7
1,074.4

Durable goods
Nondurable goods
Services

Seasonally adjusted at annual rates

1985

295.4
221.5
73.9
452.0

267.6
213.4
54.2
436.8

296.4
220.8
75.6
447.4

302.0
220.3
81.7
458.9

-51.5

-58.7

-28.4

-33.8

360.7
435.2

347.7
441.6

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

137.9
171.8

780.5

791.9

810.9

291.9

302.1

289.5

302.1

306.1

310.5

310.7

313.5

315.7
231.6
84.1
464.8

319.9
233.9
85.9
472.0

324.2
241.1
83.2
486.7

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

129.7
94.3
35.4
183.9

12.6

-15.0

-8.3

-11.4

-27.0

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

1983

1984

1984
I

Gross national product
Final sales
Change in business inventories
Goods

3,304.8 3,662.8 3,553.3

II

Seasonally adjusted at annual rates

1985
III

IV

I

1983
II r

I

3,644.7 3,694.6 3,758.7

3,810.6 3,853.1

1,534.7

3,318.3
-13.5

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 3,835.2
40.7
17.9

1,538.3 1,614.5
24.8
36

1,355.7

1,543.0

Final sales
Change in business inventories

1,369.2
-13.5

1,484.8 1,424.2
58.2
73.8

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

1,498.0

1985

1984

1984

1,639.3 1,610.9
1,579.3
31.6

II

III

IV

I

Ur

1,638.8 1,645.2

1,662.4

1,663.5 1,671.3

1,614.6
30.6

1,645.6
16.8

1,644.4
19.1

1,618.5
20.3

1,663.0
8.3

1,544.8 1,549.2

1,579.8

1,583.8 1,579.5

688.6

764.5

744.9

767.4

766.8

778.8

773.0

772.2

1,494.2
50.6

1,477.4
71.8

1,543.2
36.6

1,543.1
40.7

1,561.7
17.9

692.2
36

739.6
24.8

713.3
31.6

747.1
20.3

736.1
30.6

762.0
16.8

753.8
19.1

763.9
8.3

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

669.6
665.9
3.7
910.0
895.8
14.2

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

3464
344.4
2.1
425.7
419.5
6.2

Services
Structures

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

1,742.6
357.2

1,783.3 1,813.7
362.1
365.2

1,857.2
369.6

1,888.8
384.8

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

753.5
145.5

Addenda:
Gross domestic purchases l
Final sales to domestic purchasers 1

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
3,844.5

3,947.1
3,929.2

1,522.1
1,525.7

1,654.4
1,629.5

655.7
625.3
30.4
887.3
859.5
27.8

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

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




1,672.2 1,675.8
1,641.6 1,659.0

1,692.0 1,705.1
1,672.8 1,696.8

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