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SURVEY OF CURRENT BUSINESS

May 1986

National Income and Product Accounts Tables
Revised estimates in this issue: First quarter 1986.
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

1985

1984

1985
I

IV

Gross national product
3,774.7 3,988.5 3,852.5 3,917.5
Personal consumption
expenditures
2,423.0 2,582.3 2,480.1 2,525.0
Durable goods
331.1 361.5 341.5 351.5
Nondurable goods
872.4 912.2 883.1 895.7
Services
1,219.6 1,308.6 1,255.4 1,277.8
Gross private domestic
investment
674.0 669.3 676.2 657.6
Fixed investment
607.0 661.8 637.2 639.1
Nonresidential
427.9 476.2 458.1 459.6
147.6 170.2 157.2 166.1
Structures
Producers' durable
equipment
280.2 306.0 300.9 293.5
179.1 185.6 179.1 179.4
Residential
Change in business
67.1
inventories
7.5
39.0
18.5
Nonfarm
58.0
11.8
36.4
14.2
Farm
9.1 -4.3
2.6
4.3
Net exports of goods and
services
-59.2 -78.5 -72.2 -42.3
Exports
384.6 369.9 389.5 379.6
443.8 448.4 461.7 421.9
Imports
Government purchases of goods
and services
736.8 815.4 768.4 777.2
Federal
312.9 355.4 332.9 334.4
237.0 261.9 247.5 249.5
National defense
76.0
93.6
85.4
84.9
Nondefense
423.9 460.0 435.5 442.8
State and local

Seasonally adjusted at annual rates

1986

II

III

IV

2,563.3 2,606.1 2,634.8 2,669.1
356.5 376.0 362.0 364.1
910.2 914.5 928.3 936.0
1,296.6 1,315.6 1,344.6 1,369.0
672.8
657.3
474.2
169.7

666.1
665.9
478.5
170.4

680.7
685.0
492.5
174.5

715.4
678.0
480.3
171.1

304.5
183.1

308.1
187.4

318.0
192.5

309.2
197.8

15.5
10.8
4.7

.2
3.1
29

43
19.0
233

37.4
39.1
17

-70.3 -87.8 -113.4 -99.8
369.2 363.2 367.8 377.4
439.5 451.0 481.2 477.2
832.5
364.8
269.9
95.0
467.7

857.2
384.7
272.1
112.6
472.5

1985

F

3,960.6 4,016.9 4,059.3 4,121.3

794.8
337.8
256.0
81.7
457.1

1984

836.6
357.8
269.0
88.7
478.8

1984

1985

IV

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

I

1986

II

III

IV

F

3,492.0 3,570.0 3,515.6 3,547.8 3,557.4 3,584.1 3,590.8 3,623.5
2,239.9 2,313.0 2,262.0 2,288.6 2,303.5 2,329.6 2,330.4 2,354.3
318.6 345.3 327.6 335.0 340.3 359.3 346.7 346.9
828.0 846.9 828.6 839.9 846.7 849.8 851.1 865.4
1,093.3 1,120.8 1,105.8 1,113.7 1,116.5 1,120.4 1,132.6 1,142.0
661.3
598.6
430.3
148.7

649.0
643.3
472.0
165.8

659.9
623.8
457.8
156.0

639.6
623.8
457.2
163.2

655.6
640.5
470.9
165.3

645.0
646.8
473.7
165.8

655.7
662.0
486.5
168.7

680.7
647.6
469.8
163.7

281.6
168.3

306.3
171.2

301.9
166.0

293.9
166.7

305.6
169.6

307.9
173.1

317.8
175.5

306.1
177.8

62.7
55.9
6.8

5.7
10.6
48

36.1
34.6
1.5

15.8
11.8
4.0

15.1
10.7
4.5

18
1.6
34

63
18.2
245

33.0
34.8
-1.8

-85.0 -108.4 -100.2 -71.8 -101.1 -119.8 -140.8 -130.3
370.9 359.9 377.3 368.7 358.2 353.5 359.2 368.4
455.9 468.3 477.5 440.5 459.3 473.3 500.0 498.6
675.9
292.5
220.3
72.3
383.3

716.4
322.6
235.7
86.9
393.8

693.9
307.3
227.9
79.5
386.6

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

745.5
349.0
241.3
107.7
396.5

718.8
319.7
239.1
80.7
399.1

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

1984
IV

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
Structures

1986

1985
I

II

III

IV

1985

IV

F

3,774.7 3,988.5 3,852.5 3,917.5 3,960.6 4,016.9 4,059.3 4,121.3
3,707.6 3,981.1 3,813.5 3,899.0 3,945.0 4,016.7 4,063.6 4,083.9

67.1
37.4
18.5
15.5
39.0
.2 -4.3
7.5
1,585.8 1,639.3 1,604.0 1,628.4 1,636.0 1,650.8 1,642.2 1,671.7
1,518.8 1,631.9 1,565.0 1,609.8 1,620.5 1,650.6 1,646.5 1,634.3
67.1
679.5
642.5

7.5
709.2
702.8

39.0
701.9
672.6

18.5
706.2
689.4

15.5
705.9
704.0

.2
714.8
721.2

43
710.0
696.7

37.4
712.8
686.0

37.0
906.3
876.2

6.4
930.1
929.0

29.3
902.2
892.5

16.9
922.1
920.5

1.8
930.2
916.5

64
935.9
929.4

13.4
932.2
949.8

26.8
958.9
948.3

10.6
13.7
6.6 -17.7
9.7
1.6
30.1
1.1
1,806.6 1,930.5 1,855.6 1,887.6 1,908.2 1,939.9 1,986.4 2,016.0
382.2 418.7 392.9 401.5 416.3 426.2 430.6 433.6

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




1984

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

1986

1985

1984
I

II

III

IV

F

3,492.0 3,570.0 3,515.6 3,547.8 3,557.4 3,584.1 3,590.8 3,623.5
3,429.3 3,564.3 3,479.5 3,532.0 3,542.3 3,585.8 3,597.1 3,590.5

33.0
6.3
1.8
15.8
15.1
36.1
5.7
62.7
1,506.4 1,532.4 1,510.5 1,530.3 1,531.5 1,541.0 1,526.8 1,553.1
1,443.7 1,526.7 1,474.4 1,514.6 1,516.3 1,542.7 1,533.1 1,520.1
62.7
655.4
619.9

5.7
676.5
670.8

36.1
672.6
644.8

15.8
673.1
657.2

15.1
674.2
672.6

1.8
680.3
686.4

-6.3
678.6
666.8

33.0
679.7
655.0

35.5
851.0
823.9

5.8
855.9
855.9

27.9
837.9
829.6

15.8
857.3
857.3

1.6
857.3
843.8

-6.1
860.7
856.3

11.8
848.3
866.3

24.7
873-4

"O

.1
8.4
4.4
18.0
13.5
8.2
0
27.1
1,615.4 1,644.2 1,630.1 1,636.0 1,633.9 1,643.4 1,663.5 1,671.8
370.2 393.4 375.0 381.5 392.0 399.7 400.5 398.7

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