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July 1992 • 49

SURVEY OF CURRENT BUSINESS

i. National Product and IncomeTable 1.1 .—Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates

Line

1988

1989

1990

1991

1988

IV

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable qoods
Services
Gross private domestic investment

1990

1989

I

II

III

IV

I

II

1992

1991

III

IV

I

II

III

IV

I

II

1

4,900.4 5,250.8 55222 5,677.5 5,044.6 5,150.0 5,229.5 5,278.9 5,344.8 5,445.2 5,522.6 5,559.6 5,561.3 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,893.6

2

3,296.1 3,523.1 3,748.4 3,887.7 33982 3,440.8 3,499.1 3,553.3 3,599.1 3,672.4 3,715.3 3,787.8 3,818.2 3,821.7 3,871.9 3,914.2 3,942.9 4,022.8 4,053.8

3
4
5

437.1
469.4
469.7
459.4 464.3 446.1
452.9 450.8 457.6 470.8
458.3 478.0 463.5 463.0 452.7 439.5 441.4
453.0 450.4
1,073.8 1,149.5 1,224.5 1,251.5 1,105.8 1,121.1 1,146.5 1,157.1 1,173.5 1,199.3 1,208.7 1,235.3 1,254.5 1,245.0 1,254.2 1,255.3 1,251.4 1,274.1 1,277.2
1,785.2 1,914.2 2,059.7 2,190.1 1,839.5 1,868.8 1,895.1 1,925.4 1,967.3 1,995.0 2,043.1 2,089.6 2,111.1 2,137.2 2,176.3 2,205.9 2,241.1 2,279.3 2,306.9

6

793.6

832.3

799.5

721.1

814.8

843.9

840.3

819.6

825.2

820.3

833.0

805.7

739.0

705.4

710.2

732.8

736.1

722.4

759.8

7
8
9
10
11
12
13
14

777.4
545.4
182.0
363.4
232.0

798.9
568.1
193.3
374.8
230.9

800.2
563.4
190.2
373.3
236.8

800.5
568.4
189.6
378.8
232.1

800.0
571.5
195.5
376.1
228.5

795.0
568.8
198.0
370.8
226.2

795.3
572.1
201.5
370.6
223.1

795.3
585.2
204.1
381.0
210.1

16.2
27.5

33.3
31.8

17.3
32.0

43.7

39.8
33.3

19.6
23.4

37.7

10.4

770.0
572.9
196.3
376.6
197.1
-31.0
-29.3

733.9
551.4
190.0
361.4
182.6
-28.5
-27.4

726.9
528.7
169.7
358.9
198.2
9.2

-1.2

-1.1

14.5
-5.3

738.2
531.0
170.1
360.8
207.2
-15.8
-13.3

-1.7

732.0
545.8
185.2
360.6
186.2
-21.8
-27.0
5.2

732.6
538.4
175.6
362.8
194.2
.2

1.5

731.3
541.1
180.1
360.9
190.3
-10.2
-10.3
0

797.5
560.2
186.8
373.4
237.3

-11.3

793.2
577.6
201.1
376.5
215.6
6.3
3.3
3.1

15

-108.0

-79.7

-685

16
17

444.2
552.2

508.0
587.7

557.0
625.9

Government purchases

18

Federal
National defense
Nondefense
State and local

19
20
21
22

Fixed investment
Nonresidential .
Structures
Producers' durable equipment
Residential
Change in business inventories
Farm
Net exports of goods and services
Exports
Imports

7.9

6.5

-3.8

30.2
34.8
-4.6

812.2
580.1
202.4
377.6
232.1
8.1
6.1
2.0

-2.4

759.1
546.6
169.5
377.2
212.5
.7
-.2
.9

-21.8 -106.0

-85.1

-80.1

-79.7

-73.9

-72.1

-59.9

-76.3

-67.2

-28.7

-15.3

-27.1

-16.0

-8.1

-29.4

598.2
620.0

467.0
573.1

489.7
574.9

509.5
589.6

509.0
588.7

523.8
597.7

541.2
613.3

551.2
611.2

555.9
632.2

579.7
646.9

573.2
602.0

594.3
609.6

602.3
629.5

622.9
638.9

628.1
636.2

918.7

975.2 1,043.2 1,090.5

937.6

950.4

9702

985.6

994.5 1,024.7 1,034.3 1,042.4 1,071.3 1,087.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.4

387.0
295.6

401.6
299.9
101.7
573.6

426.4
314.0
112.4
616.8

392.0
296.8

392.3
293.5

95.2

98.7

545.7

558.1

401.6
298.2
103.4
568.6

407.3
305.3
101.9
578.4

405.1
302.5
102.6
589.3

91.4

531.7

447.3
323.8
123.6
643.2

35.8

-14.7

420.3
311.6
108.7
604.3

30.8

7.0

424.4
312.9
111.5
610.0

5.5
4.9

422.6
308.4
114.3
619.7

438.3
323.2
115.0
633.0

451.3
332.4
118.8
636.3

449.9
325.9
124.0
640.8

1.4

447.2
321.9
125.3
646.0

440.8
314.7
126.1
649.5

445.0
313.6
131.4
658.0

622.1
651.5

446.8
313.2
133.6
662.7

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

Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars]
Seasonally adjusted at annual rates

Line

1988

1989

1990

IV

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment

II

I

III

IV

I

III

II

1992

1991

1990

1989

1988

1991

IV

1

II

III

IV

1

II

1

4,718.6 4,838.0 4,877.5 4,821.0 4,779.7 4,817.6 4,839.0 4,839.0 4,856.7 4,890.8 4,902.7 4,832.6 4,833.8 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,890.5

2

3,162.4 3,223.3 3,260.4 3,240.8 3,202.9 3,203.6 3,212.2 3,235.3 3,242.0 3,259.5 3,260.1 3,273.9 3,248.0 32235 3,239.3 3,251.2 3,249.0 3,289.3 3,286.6

3
4
5

429.3
432.3
416.1
419.4
411.3
412.0
453.5 439.2 437.7 426.6
439.2 435.2 440.2 450.6 436.8
414.7
440.7
428.7
439.3
1,035.1 1,051.6 1,056.5 1,042.4 1,046.8 1,048.1 1,047.0 1,052.6 1,058.9 1,058.3 1,057.1 1,059.1 1 051 6 1 0430 1 0463 1,044.8 1,035.6 1,049.6 1.045.4
1,698.5 1,731.0 1,764.6 1,783.7 1,716.9 1,720.3 1,725.1 1,732.2 1,746.3 1,747.7 1,763.7 1,777.1 1,769.8 1,768.5 1,781.8 1,787.0 1,797.4 1,807.3 1,812.0

6

773.4

784.0

739.1

661.1

785.0

802.9

794.5

769.0

769.5

763.0

770.2

743.1

680.0

646.0

649.5

672.0

676.9

668.9

702.2

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm

7
8
9
10
11
12
13
14

753.4
530.8
174.0
356.8
222.7

754.2
540.0
177.6
362.5
214.2

670.4
500.2
157.6
342.6
170.2

764.1
538.8
175.7
363.1
225.3

761.7
539.5
177.0
362.4
2222

757.5
542.2
174.7
367.5
215.4

753.1
541.8
178.8
363.0
211.2

744.6
536.7
179.8
356.9
208.0

732.0
542.9
181.2
361.7
189.1

29.8
29.9

-9.3
-9.6

20.9
30.5
-9.6

41.2
35.5

36.9
31.4

16.0
21.5
-5.6

24.9
31.2
-6.3

32.8
27.9

11.2

706.8
529.3
173.2
356.1
177.5
-26.8
-25.6

669.8
503.0
162.2
340.8
166.9
-20.4
-24.5
4.1

669.3
492.1
148.4
343.7
177.3
7.5

-1.0

1.6

11.8
-4.2

681.4
495.8
149.4
346.4
185.6
-12.6
-10.7

-1.2

671,1
507.0
166.8
340.2
164.1
-25.1
-24.7
-.4

671.4
498.7
153.0
345.6
172,6
.6

-1

755.4
544.8
182.0
362.8
210.7
7.5
5.9
1.6

737.4
535.6
180.1
355.5
201.8

19.9
26.9
-7.0

732.9
538.1
179.1
359.0
194.8
6.2
3.7
2.5

701.2
511.7
148.6
363.1
189.5
1.0
.2
.7

Net exports of goods and services
Exports
Imports

15

-104.0

-73.7

-51.8

-21.8 -102.7

-79.8

-70.0

-77.5

-67.4

-58.4

-56.9

-59.3

-32.7

-17.9

-17.4

-31.6

-20.5

-21.5

-35.9

16
17

421.6
525.7

471.8
545.4

510.0
561.8

539.4
561.2

438.2
540.9

454.5
534.3

472.0
541.9

472.9
550.5

487.7
555.0

500.2
558.6

508.7
565.6

-508.4
567.7

522.6
555.3

515.9
533.8

536.1
553.5

544.2
575.8

561.4
581,8

565.4
586.8

560.0
595.9

Government purchases

18

886.8

904.4

929.9

941.0

894.5

890.8

902.3

912.2

912.6

926.8

929.4

924.8

938.5

945.1

945.6

940.2

933.1

937.0

937.6

Federal
National defense
Nondefense
State and local

19
20
21
22

377.3
287.0

376.1
281.4

370.1
276.7

376.9
280.4

381.5
286.9

376.1
281.5

383.4
284.9

94.8

92.7

93.4

96.5

94.5

94.7

98.5

509.6

528.3

388.3
282.8
105.5
552.7

378.4
285.7

90.2

383.6
283.3
100.3
546.3

516.1

520.7

525.4

530.7

536.5

543.4

385.4
285.1
100.3
544.0

378.3
277.3
101.0
546.5

387.3
285.8
101.5
551.2

394.1
291.8
102.2
551.0

393.8
287.6
106.2
551.8

387.2
280.6
106.6
553.0

378.2
271.0
107.2
554.9

375.3
265.6
109.7
561.8

375.6
264.5
111.1
562.0

.3

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




5.8

5.6

4.8

6.6
4.6

-1.9