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SURVEY OF CURRENT BUSINESS

January 1986

National Income and Product Accounts Tables
New estimates in this issue: Fourth quarter and annual 1985, preliminary (p\
The full set of National Income and Product Accounts 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.—Gross National Product

Table 1.2.—Gross National Product in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

1984

1984

1985"

IV

HI

Gross national product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
Exports
Imports
Government purchases of goods
and services..
Federal
National defense
Nondefense
State and local

Seasonally adjusted at annual rates

1985
I

1984
III

II

IV P

3,774.7 3,992.5 3,812.2 3,852.5 3,917.5 3,960.6 4,016.9 4,075.1
2,423.0 2,581.9 2,439.0 2,480.1 2,525.0 2,563.3 2,606.1 2,633.3
331.1 360.8 331.1 341.5 351.5 356.5 376.0 359.2
872.4 912.5 876.6 883.1 895.7 910.2 914.5 929.4
1,219.6 1,308.6 1,231.3 1,255.4 1,277.8 1,296.6 1,315.6 1,344.6
674.0
607.0
427.9
147.6

670.4
661.4
475.7
170.0

687.9
619.5
435.9
151.3

676.2
637.2
458.1
157.2

657,6
639.1
459.6
166.1

672.8
657.3
474.2
169.7

666.1
665.9
478.5
170.4

685.2
683.2
490.6
173.7

280.2
179.1

305.8
185.6

284.5
183.7

300.9
179.1

293.5
179.4

304.5
183.1

308.1
187.4

316.9
192.5

67.1
58.0
9.1

9.1
11.4
24

68.3
62.8
5.5

39.0
36.4
2.6

18.5
14.2
4.3

15.5
10.8
4.7

.2
2.1
3.1
17.6
29 -15.5

-59.2 -74.4 -61.9 -72.2 -42.3 -70.3 -87.8
384.6 370.4 391.4 389.5 379.6 369.2 363.2
443.8 444.8 453.3 461.7 421.9 439.5 451.0
736.8
312.9
237.0
76.0
423.9

814.6
353.9
262.0
91.9
460.7

747.3
318.5
236.2
82.2
428.8

768.4
332.9
247.5
85.4
435.5

777.2
334.4
249.5
84.9
442.8

794.8
337.8
256.0
81.7
457.1

832.5
364.8
269.9
95.0
467.7

1985 p

972
369.7
466.9

853.7
378.6
272.5
106.1
475.2

1984

1985

III

IV

Gross national product
3,492.0 3,573.5 3,510.4 3,515.6
Personal consumption
expenditures
2,239.9 2,312.6 2,243.4 2,262.0
Durable goods
,318.6 344.7 318.0 327.6
Nondurable goods
828.0 847.4 831.2 828.6
Services...
1,093.3 1,120.5 1,094.3 1,105.8
Gross private domestic
investment
661.3 650.6 673.3 659.9
Fixed investment
598.6 643.3 608.4 623.8
Nonresidential
430.3 471.8 437.6 457.8
Structures
148.7 165.7 151.6 156.0
Producers' durable
equipment
281.6 306.1 286.0 301.9
Residential
168.3 171.5 170.8 166.0
Change in business
inventories
62.7
7.3
64.9
36.1
Nonfarm
60.4
34.6
55.9
10.1
Farm
4.5
6.8
28
1.5
Net exports of goods and
services
-85.0 -105.1 -88.7 -100.2
Exports
370.9 360.2 376.9 377.3
455.9 465.3 465.6 477.5
Imports
Government purchases of goods
and services
675.9 715.4 682.4 693.9
Federal
292.5 321.3 296.7 307.3
National defense
220.3 236.0 219.6 227.9
77.1
79.5
Nondefense
72.3
85.2
383.3 394.2 385.7 386.6
State and local

I

II

III

IV P

3,547.8 3,557.4 3,584.1 3,605.0
2,288.6 2,303.5 2,329.6 2,328.7
335.0 340.3 359.3 344.3
, 839.9 846.7 849.8 853.0
1,113.7 1,116.5 1,120.4 1,131.3
639.6
623.8
457.2
163.2

655.6
640.5
470.9
165.3

645.0
646.8
473.7
165.8

662.2
662.0
485.4
168.4

293.9
166.7

305.6
169.6

307.9
173.1

317.0
176.7

15.8
11.8
4.0

15.1
10.7
4.5

18
1.6
34

.1
16.5
163

-71.8
368.7
440.5

101 1 -119.8 -127.6
358.2 353.5 360.4
459.3 473.3 488.0

691.4
304.3
226.7
77.6
387.1

699.4
305.9
231.5
74.3
393.6

729.2
331.1
243.3
87.9
398.1

741.7
343.7
242.6
101.1
398.0

NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.

NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.

Table 1.3.—Gross National Product by Major Type of Product

Table 1.4.—Gross National Product by Major Type of Product in
Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1984

1985 P

1984
III

Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structure^

1984

1985
IV

I

II

III

3,774.7 3,992.5 3,812.2 3,852.5 3,917.5 3,960.6 4,016.9 4,075.1
3,707.6 3,983.4 3,743.9 3,813.5 3,899.0 3,945.0 4,016.7 4,073.0

67.1
9.1
68.3
39.0
18.5
15.5
.2
2.1
1,585.8 1,644.2 1,595.8 1,604.0 1,628.4 1,636.0 1,650.8 1,661.8
1,518.8 1,635.2 1,527.5 1,565.0 1,609.8 1,620.5 1,650.6 1,659.7
67.1
679.5
642.5

9.1
712.4
704.6

68.3
680.9
641.4

39.0
701.9
672.6

18.5
706.2
689.4

15.5
705.9
704.0

.2
714.8
721.2

2.1
722.8
703.7

37.0
906.3
876.2

7.9
931.8
930.6

39.4
915.0
886.1

29.3
902.2
892.5

16.9
922.1
920.5

1.8
930.2
916.5

-6.4
935.9
929.4

19.1
939.0
956.0

30.1
1.2
28.9
9.7
13.7
6.6 -17.0
1.6
1,806.6 1,928.8 1,823.8 1,855.6 1,887.6 1,908.2 1,939.9 1,979.4
382.2 419.5 392.6 392.9 401.5 416.3 426.2 433.9

Nondurable goods
Final sales
Change in business
inventories
Services
Structures

IV

I

II

III

IV p

3,492.0 3,573.5 3,510.4 3,515.6 3,547.8 3,557.4 3,584.1 3,605.0
3,429.3 3,566.2 3,445.5 3,479.5 3,532.0 3,542.3 3,585.8 3,604.8
.1
15.1 -1.8
15.8
36.1
64.9
7.3
62.7
1,506.4 1,537.0 1,514.4 1,510.5 1,530.3 1,531.5 1,541.0 1,545.0
1,443.7 1,529.6 1,449.5 1,474.4 1,514.6 1,516.3 1,542.7 1,544.9

Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories
Final sales
Change in business

1985

1984
III

IV P

NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.




1985 p

-•••••

62.7
655.4
619.9

7.3
679.2
672.0

64.9
655.4
617.6

36.1
672.6
644.8

15.8
673.1
657.2

15.1
674.2
672.6

-1.8
680.3
686.4

.1
689.3
672.0

35.5
851.0
823.9

7.2
857.7
857.6

37.9
859.0
832.0

27.9
837.9
829.6

15.8
857.3
857.3

1.6
857.3
843.8

-6.1
860.7
856.3

17.4
855.7
872.9

4.4 -17.2
13.5
-.1
8.2
27.0
.2
27.1
1,615.4 1,642.1 1,618.7 1,630.1 1,636.0 1,633.9 1,643.4 1,655.4
370.2 394.4 377.2 375.0 381.5 392.0 399.7 404.6

NOTE.—Percent changes from preceding period for selected items in this table are shown in
table 8.1.

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