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8

SURVEY OF CURRENT BUSINESS

February 1992

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1991, preliminary; fixed-weighted price indexes.
The selected set of national income and product accounts (NIPA) tables shown in this section presents
quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Fixedweighted price indexes are shown for the first time since the release of the comprehensive NIPA revision; indexes
are shown in tables 7.1-7.4, 7.6, and 7.9-7.12, and percent changes are shown in table 8.1. Alternative quantity
and price measures and a few series for tables 1.10 and 1.16 are not yet available; leaders are shown for these
parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC
20230, or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

Table 1.1 .—Gross Domestic Product

Table 1.2.—Gross Domestic Product in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1990

1990

1991

III

Gross domestic
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
Imoorts
Government purchases
Federal . . .
National defense
Nondefense
State and local

1990

1991

IV

I

II

III

5,513.8 5,674.4 5,570.5 5,557.5 5,589.0 5652.6 5,709.2 5,746.7
3,742.6 38888 3,785.2 3,812.0 3,827.7 38685 3,916.4 3,942.4
451.9
440.7 440.0 452.9 446.9
465.9 445.1 467.1
1,217.7 1,252.5 1,228.4 1,246.4 1,246.3 1,252.9 1,257.4 1,253.4
2,059.0 2,191.1 2,089.6 2,113.6 2,140.7 2,175.6 2,206.1 2,242.2
802.6

727.4

821.8

750.9

709.3

708.8

740.9

750.5

802.7
587.0
198.7

744.9
549.7
174.7

807.7
596.3
201.7

787.4
585.2
191.2

748.4
560.0
184.0

745.8
554.6
180.0

744.5
546.8
169.0

740.8
537.4
165.9

388.3
215.7

375.0
195.2

394.7
211.4

394.0
202.2

375.9
188.4

374.7
191.2

377.8
197.7

371.5
203.4

-17.5
-14.1
35

14.1

-36.5
-28.9
76

-39.2
-35.0

-37.1
-34.0

-3.6
-3.2

-4.2

-3.1

-74.4

-29.4

-82.5

76.6

-36.8

-17.2

-37.3

-26.3

550.4
624.8

592.5
621.9

548.7
631.2

572.6
649.2

565.9
602.7

589.8
607.0

597.0
634.3

617.2
643.5

0
-2.0

2.0

9.6
4.4

-.4

445.0
323.5
121.6
642.6

424.7
311.1
113.6
621.4

434.5
320.6
113.9
636.7

451.5
332.3
119.2
637.3

452.1
328.4
123.7
640.4

444.9
322.3
122.6
644.2

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




9.7
15.9
-6.2

1,042.9 1,087.6 1,046.0 1,071.2 1,088.8 1,092.5 1,089.1 1,080.1
424.9
313.4
111.5
618.0

III

IV

431.6
311.0
120.6
648.5

Gross domestic
oroduct
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
Federal
National defense
Nondefense
State and local

1991

1990

1991

IV

I

II

IV

III

4,884.9 4,849.9 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2
3,262.6 3,258.6 3,281.2 3,251.8 3,241.1 3,252.4 3,271.2 3,269.5
438.9 412.5 440.3 424.0 410.8 408.9 418.3 411.9
1,050.8 1,043.5 1,053.7 1,044.7 1,043.9 1,046.2 1,046.1 1,037.7
1,773.0 1,802.6 1,787.3 1,783.1 1,786.3 1,797.2 1,806.8 1,819.9
744.5

674.2

760.3

696.6

657.0

656.3

686.5

697.1

744.2
548.8
177.9

687.3
512.0
154.2

746.4
555.5
180.0

727.8
544.5
170.4

689.8
519.1
163.3

686.8
514.8
158.9

686.5
510.0
148.4

686.2
504.1
146.0

370.8
195.5

357.8
175.3

375.5
190.9

374.0
183.3

355.8
170.7

355.8
172.0

361.6
176.5

358.2
182.0

-13.1
-13.1
0

13.9

-31.2
-25.7

-30.4
-30.8
.4

-2.8

-5.5

-32.8
-31.1
1.7

-51.3

-19.9

-65.7

-31.2

-18.6

-12.3

-31.1

-17.6

505.7
557.0

538.9
558.8

501.6
567.4

522.5
553.7

512.5
531.1

535.7
548.0

545.2
576.3

562.2
579.8

929.1

937.0

927.5

937.9

944.5

944.3

936.1

923.2

380.9
281.3

384.6
281.4
103.2
552.4

378.4
278.0
100.4
549.1

382.6
282.0
100.6
555.3

391.7
289.4
102.3
552.7

392.7
287.0
105.7
551.7

384.5
280.4
104.1
551.6

369.6
268.9
100.8
553.5

.2
-1.5

1.7

99.6

548.2

9.9
4.0

.1
2.9

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

10.9
12.5

1.6

SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product

February 1992

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

[Billions of dollars]

[Billions of 1987 dollars]

SSeasonal y adjust*}d at anr ual rates5
1990

1990

1991

III

Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
Final sales
Change in business
inventories
Durable goods
Rnal sales
Change in business
inventories
Nondurable goods
Rnal sales
Change in business
inventories .
Services *

Seasonally adjusted at annual rates

19 91
IV

I

II

IV

5,513.8 5,674.4 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,746.7
5,513.8 5,691.9 5,556.5 5,594.0 5,628.2 5,689.6 5,712.8 5,737.0
0

-175

141

-365

-392

-371

97

-36

2,167.6 2,194.1 2,195.6 2,158.0 2,169.4 2,186.1 2,210.5 2,210.3
21676 2211 6 2181 6 21945 22086 22232 22141 22005

o

-175

141

-365

-392

-371

-36

97

927.7
934.6

900.8
925.8

953.8
939.3

897.7
927.2

873.0
916.4

906.1
939.5

920.3
9294

904.1

-7.0

-24.9

14.5

-29.4

-43.5

-33.5

-9.2

-13.7

9178

1,239.9 1,293.2 1,241.8 1,260.2 1,296.4 1,280.1 1,290.3 1,306.2
1,233.0 1,285.8 1,242.3 1,267.3 1,292.1 1,283.7 1,284.7 1,282.8
69

74

-4

y-j

43

-36

234

56

2,834.0 3,013.2 2,864.8 2,905.5 2,951.7 2,999.0 3,035.1 3,067.1
512.2 467.1 510.1 494.0 467.9 467.4 4635 469.3

Structures

1991

1990

III

Gross domestic
product

1991

1990

III

IV

I

II

IV

III

4,884.9 4,849.9 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2

Final sales of domestic
product
Change in business
inventories
Goods1

4,884.7 4,863.0 4,889.4 4,886.3 4,856.8 4,871.2 4,862.6 4,861.3
10.9
.1
-31.2 -32.8 -30.4
13.9
.2 -13.1
1,958.0 1,929.5 1,968.5 1,928.6 1,917.0 1,922.0 1,940.5 1,938.4

1,957.8 1,942.5 1,954.6 1,959.8 1,949.8 1,952.4 1,940.4 1,927.5

Rnal sales
Change in business
inventories

.2

-13.1

13.9

-31.2

-32.8

-30.4

.1

886.2
892.9

849.7
872.4

905.4
892.3

857.5
884.8

827.0
866.4

852.8
883.3

865.5
873.9

853.4
866.1

-6.7

Durable goods
Rnal sales
Change in business
inventories

-22.7

13.1

-27.3

-39.4

-30.5

-8.4

-12.7

10.9

1,071.8 1,079.8 1,063.1 1,071.1 1,090.0 1,069.2 1,074.9 1,084.9
1,065.0 1,070.1 1,062.3 1,075.0 1,083.4 1,069.1 1,066.5 1,061.3

Nondurable goods
Rnal sales
Change in business
inventories

8.4
23.6
.1
9.7
6.6
.8 -3.9
6.9
2,464.8 2,504.7 2,476.3 2,481.8 2,487.6 2,502.7 2,511.8 2,516.7

Services]
Structures

462.0

415.7

458.5

444.6

419.4

416.1

410.4

417.1

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Gross domestic product . . 5,513.8 5,674.4 5,570.5 5,557.5 55890 5,652.6 5,709.2 5,746.7

Gross domestic product

Less: Exports of goods and
services
Plus: Imports of goods and
services

Less: Exports of goods and
services
Plus: Imports of goods and
services

Equals: Gross domestic
l
purchases
Less: Change in business
inventories
Equals: Rnal sales to 2
domestic purchasers

5504

5925

548.7

572.6

565.9

589.8

597.0

617.2

624.8

621.9

631.2

649.2

602.7

607.0

634.3

643.5

5,588.1 5,703.8 56530 5,634.0 5,625.8 56698 5,746.5 5,773.0

Equals: Gross domestic
purchases l

9.7

Less: Change in business
inventories

5,588.2 5,721.3 5,638.9 5,670.6 5,665.0 5,706.8 5,750.1 5,763.3

Equals: Final sales to
domestic purchasers2

0

-17.5

14.1

-36.5

-39.2

-37.1

-3.6

.

4,884.9 48499 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2
505.7

538.9

501.6

522.5

512.5

535.7

545.2

562.2

557.0

558.8

567.4

553.7

531.1

548.0

576.3

579.8

4,936.2 4,869.8 4,969.1 4,886.3 4,842.6 4,853.1 4,893.8 4,889.8
.2

-13.1

13.9

-31.2

-32.8

.1

-30.4

10.9

4,936.0 4,882.9 4,955.1 4,917.5 4,875.4 4,883.5 4,893.7 4,878.9

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.7.—Gross Domestic Product by Sector

Table 1.8.—Gross Domestic Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Gross domestic
product

5,513.8 5,674.4 5,570.5 5,557.5 55890
4,699.4 4,805.1 4,748.7 4,722.3 4,734.7
Business
Nonfarm
4,605.6 4,705.0 4,634.8 4,640.4 4,640.1
Nonfarm less housing .... 4,155.8 4,232.1 4,179.5 4,180.6 4,175.7
Housing
449.8 472.9 455.3 459.8 464.3
80.4
85.7
79.8
85.7
76.6
Farm
2.1
28.2
19.6
18.0
8.1
Statistical discrepancy

56526 5,709.2 5,746.7
4,786.8 4,835.0 4,863.8
4,687.2 4,730.1 4,762.6
4,217.6 4,256.0 4,278.9
469.7 474.1 483.7
83.1
16.5

82.9
22.0

79.2
22.0

225.1

246.4

228.9

233.3

237.5

243.7

249.9

254.3

Private households
Nonprofit institutions

9.1
216.1

9.5
236.8

9.1
219.8

9.1
224.2

9.2
228.3

9.5
234.2

9.6
240.2

9.8
244.5

General government

589.2

622.9

592.9

601.9

616.8

622.0

624.3

628.6

Federal
State and local

1794

1888

1791

1894

1887

1884

409.8

434.1

413.8

181 0
420.9

427.4

433.2

435.9

188.6
440.0

Households and institutions

Addendum:
Gross domestic business
product less housing




4,245.1

Gross domestic
product

4,884.9 4,849.9 4,903.3
4,180.4 4,135.7 4,196.4
Business
Nonfarm
4101 9 40456 40999
Nonfarm less housing .... 3,711.3 3,650.9 3,708.4
Housina
3906 3948 391.5
71.7
71.4
73.2
Farm
24.9
Statistical discrepancy
7.2
16.9
195.7 202.1 197.2
Households and institutions
iiwwwiiig

4,855.1 4,824.0
4,145.1 4,111.4
4,071.2 4,024.6
3,678.3 3,631.2
392.9 393.4

4,840.7 4,862.7 4,872.2
4,126.4 4,148.6 4,156.6
4,040.1 4,055.6 4,062.3
3,645.9 3,660.4 3,666.1
394.2 395.2 396.3

1.9

71.1
15.7

72.1
14.3

74.1
18.9

75.4
18.8

72.0

197.9

198.8

201.1

203.1

205.4

8.6
187.1

8.5
193.6

8.5
188.7

8.4
189.4

8.4
190.4

8.6
192.6

8.6
194.5

8.6
196.8

General government

508.8

512.1

509.6

512.1

513.9

513.2

511.0

510.2

Federal
State and local

155.7

155.1
3569

155.3
3544

156.2
3560

157.0
3569

155.5
3577

154.4
356.6

153.6
356.6

Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing

3531

37858

3O •

February

SURVEY OF CURRENT BUSINESS

1992

Summary National Income and Product Series
Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable
goods

Nondurable
goods

Services

Total

Nonresidential

Residential

Government purchases

Net exports

Gross private domestic investment

Net

CBI

Exports

Imports

Total

Federal

State

and
local

n
Final
uFOSS
Gross
sales of
domesnational
domestic purproduct
tic
chases
product

Percent change from preceding
oeriod

GDP

Final
Gross
sales of domesdomes- tic purtic
product chases

1959

494.2

318.1

42.8

148.5

126.8

78.8

46.5

28.1

4.2

20.6

22.3

99.0

57.1

41.8

490.0

495.8

497.0

1960
1961
1962
1963
1964

5134

43.5
41.9
47.0
51.8
56.8

153.1

135.9
144.1
153.6
163.1
175.9

787

492

24
3.4
24
3.3
5.5

25.3
26.0
27.4
29.4
33.6

25.0
26.1
28.1

107.0
116.8
122.3
128.3

510.1
528.9
565.5
597.5
643.0

510.9
528.4
569.2
599.8
642.5

516.6
5354
575.8
607.7
653.0

3.9
3.6
7.5
5.5
74

4.1

227

55.3
58.6

44.5

48.6
52.8
55.6

32
2.9
6.1
5.7
5.0

99.8

77.9
87.9

263
264

22.8

531.8
571.6
603.1
648.0

332.4
343.5
3644
3842

1965
1966
1967
1968
1969

702.7
769.8
814.3
889.3
959.5

444.6

9.7

3.9
1.9
1.4

354

31.5
37.1
39.9
46.6
50.5

136.3
155.9
175.6
191.5
201.8

693.0
756.0
803.8
8802
949.8

698.8
767.9
8.12.9
890.6
9607

708.1

414

8.4
9.5
5.8
9.2
7.9

1970
1971 .
1972
1973
1974

1,010.7
1,097.2
1,207.0
1,349.6
1,458.6

646.5
700.3
767.8

55.8
62.3
74.2

2127

1,009.5
1,1002
1,215.0
1,349.0
1,461.8

1,017.1
1,104.9
1,2157
1,362.3
1,474.3

5.3
8.6

848.1
927.7

1,008.4
1,0892
1,197.1
1,331.9
1,4444

1975
1976
1977
1978
1979

1,585.9
1,7684
1,974.1
2,232.7
2,488.6

1,024.9
1,143.1
1,271.5
1,421.2
1,583.7

134.3
160.0
182.6
202.3

1,591.5
1,7517
1,949.4
2,204.8
2,475.9

1,572.3
1,770.7
1,997.8
2,258.8
2,512.5

1,599.1
1,785.5
1,994.6
2,254.5
2,520.8

1980
1981
1982
1983
1984

2,708.0
3,030.6
3,149.6
3,405.0
3,777.2

1,748.1
1,926.2
2,059.2
2,257.5
2,460.3

212.5
228.5
236.5
275.0
317.9

1985
1986
1987
1988
1989

4,038.7
4,268.6
4,539.9
4,9004
5,244.0

2,667.4
2,850.6
3,0522
3,296.1
3,517.9

352.9
389.6
403.7

1990

5,513.8

GNP

412.5

1574

163.8
169.4
179.7

934
101.7

191.9

189.2

208.5

204.6

216.9
235.0
2522

221.7
243.1
265.3

270.4
283.3
3052
339.6
380.8

290.8

416.0
451.8
4904
541.5
613.3

474.5

682.9
744.2
772.3

852.7
953.5
1,050.4
1,164.7
1,269.4

467.6
558.0
5034
546.7

437.1
459.8

952.2
1,011.1
1,073.8
1,146.9

3,742.6

465.9

3105
3164

IV

4835
4962
4964
500.5

1960: 1
II
Ill
IV

514.0
512.9
515.8
510.8

624

1959* I

' II "ZI
III

481.6
509.3
559.1
603.7

63.5
68.5
70.6
81.0
86.2
85.3

972
110.7
124.1
123.0

185.9
216.6
2252
232.0
230.9

24.6

1,217.7

2,059.0

802.6

587.0

215.7

0

41 6
434

1462
1416

767
827

445
4&1

27.8

321.7
323.8

44.2
42.0

149.2
150.8

1227
1254
1282

76.3

794

47.8
47.6

283

131.0

44
7.B
2
4.3

327.3
333.4
3334
335.5

43.3
44.2
43.7
42.5

150.9
153.8
153.4
154.4

133.1

89.1
79.4

494

28.4
26.1
25.3
25.3

155.9
156.8

140.5
143.5
144.8
147.8

356.2
362.2
3664
372.7

45.3
46.6
47.1
49.1

161.5
162.9
164.4
166.3

1963: 1
II . ...
Ill
IV

588.1
596.7
609.4
618.3

376.3
380.6
387.7
392.3

50.2
51.5
52.2
53.3

167.5
168.2
170.7

1964: I

634.8
643.6

401.7
4094
418.1
420.6

554

3444

1574

159.6

68.1

50.2
48.9
48.5

70.2

474

754

48.3
48.6
50.2

784

82.2
84.0

25.3
25.5
26.9
27.8

-102.7

424.9

618.0 5,513.8

-1 7

197

980
99^6

563
577

41 7

4791

-2.5
-1.1

21 4
225

21 '.8
21.1

22.9
22.5

99.5
98.7

57.6
56.9

41.9

-14

4884
4962
4962

.9
1.7
3.0
4.0

24.2
25.2
25.9
25.8

23.3
23.5

96.7
98.4

537

21.7

100.9
103.1

42.9
44.2
45.1
45.8

502.7
509.8

229

1.6
67
6.0

4.4
3.3
2.8
2.9

26.1
25.2
26.1
26.8

21.7
21.9
23.3
23.9

104.2
105.9
107.1
110.8

56.7
58.2

2.3
3.2
2.9
1.5

26.6
28.1
28.0
27.0

24.3
24.9
25.1
25.5

114.1
116.1
117.9

25.2
25.9
26.7
26.8
27.0

881.5
918.7

539.0
552.6
568.3
576.6

1969: I

937.3

951.1
970.7
978.8

1970: 1
II
Ill
IV
1971:1

84.3
84.5
84.7

28.3
31.6

872

36.0

77.3
79.3
83.6
83.8

227.6
232.6
238.6

234.1
240.6
246.1
251.6

135.3
141.7
140.3
142.4

90.6
89.9
91.8
96.0

36.9
38.2
38.9
40.9

587.9
598.5
608.3
620.0

85.8
86.2
86.4
86.5

245.5
250.2
254.2
258.8

256.6

154.3
154.1
159.1
153.3

989.7
1,003.8
1,022,8
1,0264

631.0
641.1
653.5
660.3

852

264.7
268.2

281.1
286.5
294.3
301.3

148.6
154.0
148.5

1082

1,069.8
1,088.2
1,108.4
1.122.3

679;6
693.6
706.0

93.1
95.9
98.1

308.2

169.2
175.2
"180.1
177.7

108.2
T11.1

722

86.4
87.3
82.5

241.1

271.9
276.5
278.3
282.0
284.4
288.5

262.1
267.6
274.7

315.8
323.4
331.7

1502

.

334

64
114
102
7.8
13.7

9.6
54

-1.2

-.6
-1.3
-1.9

462
41.9
50.9
51.0

99.5
1014

43.2
43.4

11.6

105.1
105.6

432

10.9

40.7

7.1

.1

532

105.8
107.1

40.7
39.4
40.4
45.0

2.1
3.7
54

547

-2.2

1.1
24
.9
4

12.4

.8

59.5
59.5

105.7

1124

115:3

48.6
54.6
58.3
61.5

9.3

9.5
9.4
g

-1.9
-1.8
-1.3

-3.8
-3.1
-6.0

57.6
57.3
58.3

624
55.9

9.3
5.6
4.8
2.4

6.5
6.0
8.8
6.0

3.7
7.6
8.1
6.8

6.2
47
94
5.0

6.3
5.8
8.8
6.1

667.5
682.7
698.8
722.8

676.8
687.3
704.6
726.6

685.3
697.7

12.8

682
697

735.6

13.3

749.9
7602
774.5
787.0

7582
767.3
780.3
793.9

12.8

795.4
801.7
819.3
835.1

803.0
809.0
826.2

860.8
884.3

865.5
889.8
906.6
920.0

12.2
11.7

901.5
915.6

7.7
6.1

8.8
9.8
8.2

939.2
952.8
972.0
9787

9437
957.3
9767
984.8

107
6.0
8.5
3.4

7.9
7.1
7.9
5.1

107
5.9
8.3
2.8

4.5
5.8
7.8
14

67
5.1
7.1
4.5

4.1
5.3
8.5
1.6

44.4

859.6
883.7
900.3

126.6
122.5
129.5
133.5

9.9
4.7
5.1
2.9

143.8

601.1
613.9
623.0

7137

71.6
73.3

739.6
7497

83.8
85.3

752

763.1
771.5

172.2
173.1
176.3
180.6

91.8
91.4
93.2
95.0

80.4
81.7
83.1
85.6

7837
797.5

48.2
48.2

186.5
190.0
192.9
196.7

98.0
98.6
99.4

100.6

88.5
91.4
93.5
96.1

851.8
870.0
890.6
908.3

43.8
52.7
52.4
53.1

99.0
99.6

98.0

925.7

200.2
204.6
205.4

100.6

9417

102.2
101.3

1024

959.8

104.1

9717

208.9

101.4

107.5

57.9

210.0
214.5
217.3

99.6
99.6
99.8

114.8
117.5

987.6
1,000.0
1,017.4
1,028.6

988.5
1,001.3
1,022.0
1,026.0

996.0
1,0104
1.029.4
1.032.5

58.7
63.3
65.5
61.9

220.2
2232
225.5
228.5

100.2
100.5

120.6
123.5
125.2
128.1

1,057.4
1,0787
1,099.0
1,121.5

1,069.0
1,092.0
1,111.5
1.128.3

1,077.3
1,096.2
1,1157
1,130.2

454

53.5
55.2

564

10.0

63.6
65.6

43.2
44.8
47.0

1968: 1
II
Ill
IV

215.1
219.4
224.3
2282

6.7
84
4.5
4.1

10.7

66.1
67.6
70.0
74.1

39.0
39.5
41.7

14.0

213.7
215.5
217.8
220.6

9.3
54
4.9
1.9

10.0

32
97
87

129.8
133.3

394

67.8
71.2
71.3

565.7
573.5
580.3
583.7

-4.7

11.1

41.1
40.7
41.9

496.6

17.0

559.7
5662
573.3
577.4

1.3

639.9
648.5
659.2
664.5

417

797.7
803.8
820.5
835.3

85.3
85.7

504

1.0
5.3
4.3

9.2
-1.6

628.9
638.7
648.6
654.0

2.3
2.1
1.1
2

1967: 1

131.9

1294

637

34
8.7
84

3.6

629.2
6387
6497
654.3

147.5
153.5
159.0
163.4

210.9

529.4
540.2
553.2

-3.8

5.3
5.8
1.4
3.8

11.6
-1.0

59.0
60.6
61.5
62.5

35.0
36.2
38.2
38.8

2114

518.8

522.7
5337
546.6

112
-.9
2.3

8.0
6.5
0

672

38.2
38.2
39.0
40.4

210.7

517.7
524.4
529.9
543.5

510.7

60.6

47.5
47.6
48.4
50.2

587

2
3.3

67.6
68.2
67.4
66.6

32
2.0
.8
1.5

122

517.0
516.0
519.0
514.2

10.9

126.6
128.8
129.0
129.1

82.2

13.5
12.5

513.1
511.1
512.8
5067

417

592.7

130.5
129.9

34.8
33.2
31.9
29.2

511.6
516.4

54.2
55.8
57.3

41 !g

586.1
592.9
606.4
613.9

198.5

842

501.9

4862
4985
499.3
503.6

581.1
591.8
603.5
613.5

38.0

196.9

3.8
8.0
10.7

5,524.5

54.1
54.9
56.5
57.8

1382

8.8
11.7

4853
498£
497.5

52.6

28.5
31.7
32.0
33.9

13.0
11.8

5,588.1

65.4
65.6
67.4

31.5
36.3

202.6
206.4

12.2

66.7

3.0
4.7
3.7
4.1

204.2
207.7

4.1
9.0

119.5
120.5
124.0
125.0

69.7

357

8.4
11.8

1192

115.8
115.8
119.1
121.3

92
9.5
7.8

5.3
7.7
8.7

51.0

183.5
187.1
190.8
195.5

12.3

10.9

9.8
10.6

517

56.8
58.6
56.6

29.3

3.9
8.1

662

32.9
32.6
33.9
35.0

277
284

8.8
11.9

12.6
12.8
13.1
11.2

65.1

5.9
4.9
5.4
5.7

33.9
34.2
34.3
34.5

8.5
117
117

11.5
11.6
13.1
11.5

552.4
563.7
570.0
575.8

5.6
4.8
4.3
5.4

29.6
29.8
31.1

7.6

5.3

1,042.9

29.2
29.1

82

10.2
10.1
11.3
13.1
12.3

4.9

401.4

624.8

-2.6

84

8.7

5.9

9714

550.4

-5.7

84

5.1

-62.9
-744

3.0
42

11.0

8.1

6.6
5.5
62
8.0
6.9

428.1 4,014.1 4,154.3 4,053.6
465.3 4,260.0 4,401.2 4,277.7
496.6 4,513.7 4,683.0 4,544.5
531.7 4,884.2 5,0084 4,908.2
570.0 5,208.1 5,326.9 5,2482

11.3

11.3

5.3
8.6
10.0
12.1

7.1
5.9
6.4
6.9
6.4

772.3
833.0

3192

5.1
9.0
104

8.3
6.1
6.0
8.2
6.6

2,717.5 2,722.8 2,742.1
3,005.2 3,045.3 3,063.8
341.1 3,165.5 3,170.2 3,179.8
360.3 3,410.6 3,456.5 3,4344
389.9 3,706.1 3,879.9 3,801.5

417.6
451.7
507.1
552.2
587.8

-115.6
-132.5
-143.1
-108.0

6.2
8.0
9.9

6.9
5.7
64
7.9
7.0

269.2

364.0
444.2
504.9

8.6
26.3
16.2
36.0

10.0
11.8

84
9.4
5.8
9.2
7.8

344.3
367.8
384.9
387.0

2414

302.1

-514

35.4
34.2
33.7
33.8

69.2
66.5
69.1
69.3

149.2
170.7

8.8
9.9
5.9
9.6
7.9

298.0
320.3

59.6

471.8
476.8
486.1
491.7

192.0
205.5
220.1

1347

7.8
9.1
6.3
9.5
7.9

209.1
240.8
266.6
292.0
310.9

317.7
303.2
328.1
405.1

100.6
100.4
101.5
104.4

753.1
7622
775.3
788.5

112.6
124.3

819.8
895.5
965.6

293.9

171.1
174.2
177.5
180.9

75.3
78.9

100.1
100.0
106.9
108.5
117.6

774.9

2792
303.0
282.6
276.7
302.4

-147

1712

724

101.3

827

507.1
561.1
607.6
652.3
700.8

212.3
252.7

341.3

175.3
178.5
182.0
183.1

614

92.3

100.5

66.8
74.6

368.0
403.6
448.5

272

63.5
65.2

69.5
81.3
92.8
99.2

54
7.1

1824

2.0
37
3.1
4.4

152.7
154.8
157.3

89.3
87.9
89.1

55.8
60.9

129.4
135.8
147.9
162.2
179.3

7.0
4.9
5.9
4.8

1494

67.5

3.0
34
77

3.9
3.6
7.5
5.5
7.5

3.7
6.9
5.7
7.6

3214

30.2
32.2
32.5
33.7

1966: 1
II
Ill
IV




-5.5
71.1

654
664

484
514

122.7
151.1

53.1
54.7
56.3
58.1

185.6
189.1
192.8
200.0

722.1

-14.7
-20.6

241.5
257.7
288.3

90.3
91.8
94.7
96.6

62.1
61.9
63.8
66.1

913.7

-9.5

254
-15.9

912
127.5

854

431.2
438.2
447.4
461.5

506.1
513.5
521.0

136.3
148.9
158.8
186.1
228.9

-23.7
-26.1
-23.8

9.5
5.6
62
3.1

284
292

662
91.8

124.3

224.3

158.6
161.0
164.8
167.9

691.9
708.3
730.7

II
III
IV

136.3
138.6

57.0
59.3

51.4
53.0
53.7
53.2

1965: 1
II
Ill
IV

Ill 'ZI
IV

1354

27.5

1.2
-3.0
-8.0

45.3
49.3

13.6
-2.3

-5.7
16.7
24.7
27.9
12.8

504.0
492.4
497.8
5454
5707

598.4
6774
7562

-12

38.9

-3.1

714.5
717.6
749.3
793.6
837.6

5312

-1.3

.6

17.7
14.3

1,395.1
1,508.8
1,6374
1,785.2
1,911.2

9194

351.7

III
IV

169.0

2.3
8.0
9.9

718.9

817.8
873.0

561.9
5694
576.2
578.9

II

226.0
286.4
358.3
434.0
480.2

55.8
69.7
75.3
66.0

9.1
9.7

123.3
122.5
105.7
152.0
178.9

1962: 1
II
Ill
IV ,.

679.8

414

13.8
10.5

353.8
410.0
413.7
400.2
468.9

2142

40.0
41.0
42.3
44.3

654.1
659.7

106.7
111.7
126.1
150.0
165.6

92.1

34.2
32.3
32.4
38.7
42.6

110.3
131.6
141.0

3364

Ill """"."
IV

150.3
175.5
205.6
243.1
245.8

852

1872

3414

III
IV

102.9

74.1
84.4

223.2
274.5
326.4

515.1

II

118.0
130.4
128.0
139.9
155.2

62.7
82.5

525.9
536.6
549.5

1961:1

319.8
351.9
384.5
423.9

29.0
32.1
34.3

-1.7

75.9

802

99.5
99.7

78.1

1104

809.1
8252

841.0

57
6.7
3.5
7.3
9.8

10.6

6.2
7.1
2.9
8.3
9.4
9.8
14.5

4.9
7.1
7.0

9.6
5.6
7.3
4.5

47
3.1
8.6
7.4

6.5
72
5.9
82

18.0

7.1
7.6
5.1

13.5

11.7

8.3
7.7
8.4

10.1

64
6.3
3.4
14.7

6.4

10.9

.3
3.5
11.1

-.8
2.3
-3.6

3.6
84
8.4
10.0

11.3

5.5
6.8
3.3
13.1

7.4
9.5

10.5
13.1

12.9

13.5

12.9

5.6
77
6.6

4.9
7.0
7.2

4.3
3.2
9.1
7.9

4.7
3.0
8.8
74

12.9
11.4

8.0
6.4

17.8

8.9
7.3
6.2

12.2
11.7

7.8
6.0
10.7

5.9
8.4
3.4
4.6
5.9
77
1.2
18.5

7.2
7.3
5.3

SURVEY OF CURRENT BUSINESS

February 1992

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP
Total

Durable
goods

Nondurable
goods

Services

Gross private domestic investment

Total

Nonresidential

Residential

Net exports

State

CBI

Net

Percent change from preceding

Government purchases

P
Final
sales of
domesdomes-

Imports

Total

Federal

and

tic

local

Exports

product

tic purchases

"
Gross
national
product

GDP

Final
Gross
sales of
domesdomes- tic pur-

tic

product
1972: 1
II
Ill
IV

1,160.9
1,192.5
1,217.7
1,256.8

757.1
775.1
799.7

1973: 1
II
HI ...
IV

1,304.4
1,334.5
1,358.4
1,401.2

1974: 1
II
Ill
IV

105.3
108.5
111.8
117.4

293.2

301.5
308.5
317.4

340.8
347.2
354.8
364.9

824.0
838.8
857.3
872.6

1257

327.0
333.6
344.0
353.7

371.3

2321

124.6
124.3
121.7

380.6
388.9
397.2

1,410.9
1,444.1
1,474.7
1,504.8

891.0
919.0
946.7
954.2

119.5
123.6
129.5
119.3

365.6
376.7
388.0
392.9

405.9

418.6
429.2
442.0

1975: 1
II
Ill
IV

1,513.6
1,552.1
1,614.4
1,663.3

978.9
1,008.3
1,042.1
1,070.3

124.0
129.1
138.9
145.4

400.3

454.6

411.1
423.0
429.8

468.1
480.1
495.1

1976: 1
II
Ill
IV

1,717.8
1,746.4
1,779.9
1,829.6

1,104.8
1,124.5
1,153.9
1,189.1

155.2
157.5
160.8
166.6

439.4
446.3
455.8
465.8

1977: 1
II
Ill
IV

1,881.7
1,952.9
2,015.1
2,046.8

1,225.5
1,253.5
1,284.7
1,322.4

175.2
180.3
184.6
190.5

477.4
485.6
492.0
506.9

1978: 1
II
Ill
IV

2,090.2
2,213.9
2,274.7
2,352.0

1,351.7
1,410.1
1,442.7
1,480.3

187.9
205.3
205.5
210.4

1979: 1
II
Ill
IV

2,399.2
2,453.3
2,523.3
2,578.8

1,520.4
1,554.8
1,607.1
1,652.5

1980: 1
II
Ill
IV

2,650.1
2,643.9
2,705.3
2,832.9

1981:1

739.2

120.6
123.5
126.3
133.8

66.6
68.2
69.6
74.3

241.4
240.1
258.7

141.2
149.0
153.7
156.4

77.9
75.8
75.0
72.7

241.8
247.7
244.4
249.3

159.0
163.7
168.5
171.0

69.0
67.5
67.4
60.0

13.8
16.5

211.0
210.6
236.3
246.2

166.3
166.0
169.7
173.9

57.7
59.9
64.6
68.7

510.3

271.3

520.8
537.2
556.7

284.6
289.7
299.8

179.1
183.4
189.8
196.4

572.9
587.6
608.2
625.0

321.6
355.2
380.3
376.0

226.8
238.8

516.7
534.5
549.4
565.5

647.1
670.2
687.8
704.4

391.9
429.4
447.3
467.4

245.7

211.8
210.6
218.3
216.0

583.6
599.8
624.5
645.5

725.0
744.4
764.3

791.0

1,701.5
1,704.9
1,762.3
1,823.6

218.7
198.2
211.3
221.8

667.1
673.8
686.2
704.6

815.7
832.9
864.9
897.2

451.5
432.1
491.5

2,953.5
2,993.0
3,079.6
3,096.3

1,876.0
1,908.9
1,952.1
1,968.0

230.8
225.5
236.3

913.9
941.7
967.2
991.1

548.5
543.3
575.4
564.7

383.7
400.7

221.4

731.3
741.6
748.5
755.5

418.4
437.1

1982' 1
II
Ill
IV

3,092.9
3,146.2
3,164.2
3,195.1

2,005.4
2,029.4
2,073.1
2,128.7

230.9
232.9
235.2
246.9

761.2
763.3
777.5
787.3

1,013.3
1,033.2
1,060.4
1,094.6

517.9
522.1
509.4
464.2

1983: I
II
Ill
IV

3,254.9
3,367.1
3,450.9
3,547.3

2,162.9
2,231.9
2,288.7
2,346.8

251.2
270.1
281.0
297.7

791.7
810.4
829.4
839.8

1,120.0
1,151.4
1,178.3
1,209.3

1984: 1
II
Ill
IV

3,666.9
3,754.6
3,818.2
3,869.1

2,392.4
2,444.5
2,477.8
2,526.4

307.6

854.1
872.0
878.2
887.8

1,230.8
1,254.6
1,281.7
1,310.4

719.2
739.9
722.8

1985: 1
II
Ill
IV

3,940.0
3,997.5
4,076.9
4,140.5

2,589.2
2,636.4
2,704.2
2,739.8

342.2
347.0
368.2
354.4

899.9

914.3
923.8
939.5

1,347.1
1,375.2
1,412.2
1,446.0

706.0
737.0

1986: 1
II
Ill
IV

4,215.7
4,232.0
4,290.2
4,336.6

2,784.8
2,812.3
2,882.0
2,923.1

363.8
376.1
411.6
406.8

950.1
943.9
951.0
963.7

1,470.9
1,492.3
1,519.4
1,552.6

752.8

1987: 1
II
Ill
IV

4,408.3
4,494.9
4,573.5
4,683.0

2,962.8
3,030.1
3,091.4
3,124.6

384.9

989.0
1,007.6
1,018.4
1,029.4

1,588.8
1,621.2
1,653.3
1,686.4

725.2
733.9
737.9
800.2

479.3
489.7
507.8

1988:1

3,199.1
3,260.5
3,326.6
3,398.2

428.8

1,728.8
1,765.4
1,807.3
1,839.5

526.8

433.1
433.5
452.9

1,041.5
1,062.0
1,085.8
1,105.8

770.6
788.4
800.7

IV

4,752.4
4,857.2
4,947.3
5,044.6

814.8

544.1
550.3
560.2

1989: I
II . .
Ill
IV

5,139.9
5,218.5
5,277.3
5,340.4

3,436.5
3,490.6
3,551.7
3,592.8

449.4
457.2
474.5
458.0

1,120.0
1,142.5
1,155.3
1,169.8

1,867.1
1,891.0
1,921.9
1,965.0

844.7
844.3
826.8
834.4

565.1
570.2
574.2
573.4

1990: 1
II
III
IV

5,422.4
5,504.7
5,570.5
5,557.5

3,667.3
3,706.0
3,785.2
3.812.0

479.9
464.6

1,194.9
1,200.9
1,228.4
1,246.4

1,992.5
2,040.4
2,089.6
2,113.6

812.0
825.9
821.8
750.9

586.3
580.0
596.3
585.2

II
III "I"""
IV

III '""""!

317.9
318.0
328.2

401.4
419.7
408.8

467.1
451.9

192.2

-8.6
-8.3
-7.9
-7.1

63.5
63.1
66.2
72.1

72.2
71.4
74.1
79.2

238.1
240.4
241.1
246.5

107.0
108.1
105.6
106.7

131.0
132.3
135.5
139.9

1,155.9
1,180.9
1,204.1
1,247.3

1,169.5
1,200.8
1,225.7
1,263.8

1,169.2
1,200.8
1,226.8
1,265.9

-4.4
-1.1

81.0
88.3
94.3

252J
255.4
257.7

103.4

85.4
89.5
91.1
98.7

108.9
108.5
107.0
109.8

143.7
146.9
150.7
155.4

1,291.3
1,317.8
1,346.9
1,371.5

1,308.7
1,335.6
1,355.2
1,396.4

18.3

110.3
129.4
133.6
136.6

273.8

-5.6
-9.1
-2.1

114.6
123.7
124.5
134.4

283.1
292.8
303.4

112.3
114.3
118.8
124.9

161.5
168.8
174.0
178.5

1,397.1
1,427.6
1,466.2
1,486.5

-12.9
-15.4
1.9
3.7

13.1
16.6
11.6
12.9

138.0
131.8
133.7
141.7

124.9
115.2
122.1
128.7

310.5
316.7
324.5
333.8

126.1
127.7
129.8
134.1

76.2
80.7
80.6
92.5

16.1
20.6
19.2
10.9

-1.1
-5.0
-7.2

143.1
146.0
150.9
155.4

138.9
147.1
155.9
162.7

337.4
338.4

341.3
347.9

208.8

97.6

218.5

111.7
115.0
116.9

15.2
25.0
38.4
20.3

-21.2
-21.5
-21.2
-30.8

154.8
161.3
161.8
157.1

176.1
182.8
183.0
187.9

270.1
284.0
298.2

121.0
130.5
135.8
139.0

25.2
28.7
27.5
30.2

-39.3
-23.3
-24.6
-17.3

164.0
185.6
190.5
204.5

203.3
208.9

215.1
221.8

470.9
481.7
485.5
482.9

311.9
317.7
334.7
341.5

138.6
140.9
143.5
141.2

20.4
23.2

-19.2
-23.3
-24.2
-28.6

210.7
219.9
233.1
251.9

495.3

353.6
342.5

134.6
111.2
115.9
131.3

7.1

-35.9

-37.1
-16.6
3.5

-6.8

131.9
128.7
120.1
109.5

432.6
419.4
405.0
397.7

478.3
532.5

385.3
387.2

561.2
614.8
693.6

203.3
209.4

217.6

700.5

714.8

724.1
696.4
697.1

5.0
11.6
13.6

9.4

8.7

12.8

8.9
8.1

15.4
11.1

8.6

14.5
11.3

8.9

13.5

15.1

13.0

13.4

1,315.1
1,346.2
1,372.3
1,415.6

16.0

149
8.5
9.1
7.5

15.0

165
9.8
8.0

1,406.6
1,449.7
1,483.8
1,506.9

1,428.1
1,460.7
1,490.2
1,518.3

2.8
9.7
8.7
8.4

184.4 1,526.5
189.1 1,567.5
194.7 1,612.5
199.7 1,659.6

1,500.5
1,535.6
1,602.8
1,650.4

1,525.2
1,564.0
1,627.6
1,679.5

2.4

133.2
134.0
135.7
140.1

204.2
204.3
205.6
207.8

1,701.7
1,725.8
1,760.7
1,818.7

1,713.6
1,747.5
1,784.9
1,836.8

1,733.7
1,763.3
1,797.2
1,847.7

355.9
365.7
371.3
379.2

142.7
146.8
148.8
153.3

213.1
218.9
2225
225.9

1,866.5 1,902.9
1,927.8 1,974.4
1,976.6 2,036.2
2,026.6 2,077.6

385.8
397.7
409.3

230.9
237.0
245.6

421.5

154.9
160.7
163.7
169.4

229.9
243.2
257.3
280.4

427.1
440.1
454.9
471.9

304.6
292.8
279.2
299.0

490.5

-8.6

267.5
276.2
282.7
290.4

32.9
13.9
36.9
18.1

-16.3
-16.0
-10.0
-16.4

303.0
305.8
299.9
303.4

104.7
102.8
102.4
112.8

-19.3
-.2
2.0
-46.3

-17.5

291.9

-5.1

-30.3
-29.5

293.9
279.0
265.6

-37.3
-2.8
-2.1
20.2

-23.7
-44.9
-65.2
-71.8

270.6
272.3
277.7
286.2

294.3

401.3
426.9

130.3
148.1
162.0
167.7

441.0
463.9
479.3
491.5

174.7
180.6
179.8
180.4

77.9
74.7
80.7
51.0

-95.5
-104.5
-103.8
-107.1

293.1
302.1
305.7
308.7

388.5
406.7
409.5

499.1
506.1
499.6
511.3

182.1
182.0
186.5
193.1

19.3
26.7
19.9
32.6

-91.8
-116.0
-118.9
-135.5

501.6
490.1

203.1
216.7
222.4
224.2

-12.0
-18.8

352.1
367.1

486.0

491.7

514.3

131
16.7
11.4
29.6

8.5

7.3
.2
-2.2

48.1
17.4

3.2
4.7
4.3

4.2

12.8

9.7
6.4

13.2

3.6
9.4
8.3
7.8
1.8

-1.7

10.6
17.0
12.7

11.2
11.2
12.0
12.2

18.7
12.4

10.6
17.3
13.4

13.8

10.5

16.2

13.5

5.8
8.3

8.2
8.8

6.8
7.9

9.7

7.0
7.9

11.9
16.0
13.4

15.2
15.9
13.1

12.4
15.8
13.3

6.4

10.9
13.8
10.5
10.5

8.4

5.9

2,129.5
2,237.1
2,299.3
2,369.3

2,112.4
2,232.8
2,295.9
2,377.1

8.8

7.8

10.4
21.8
11.6
12.7

9.3

252.1

2,064.9
2,185.1
2,247.2
2,321.8

172.5
175.2
180.4
189.2

254.6
264.8
274.5
282.7

2,378.7 2,418.4
2,430.1 2,476.6
2,516.0 2,547.5
2,578.6 2,607.3

2,425.2
2,483.0
2,559.6
2,615.3

504.1
507.4
526.4

198.6
208.5
208.8
220.6

291.9
295.5
298.6
305.8

2,643.1
2,646.1
2,741.2
2,839.7

2,687.3
2,660.5
2,701.8
2,841.5

2,687.7
2,679.4
2,739.8
2,861.5

319.3
321.7
310.0
319.7

545.4
556.8
562.2
579.9

229.0
239.8
241.8
252.6

316.4
317.0
320.3
327.4

2,920.6
2,979.2
3,042.7
3,078.2

2,969.8
3,009.0
3,089.6
3,112.7

2,985.5
3,023.5
3,112.4
3,133.7

3094
299.0
309.3

587.1

255.8

599.8

261.0
268.0
281.4

338.8
344.0
350.3

331.3 3,112.3
3,146.4
3,162.1
3,241.4

3,110.4
3,151.3
3,194.5
3,224.6

3,123.7
3,179.2
3,193.8
3,222.6

637.5
647.7
666.3
657.6

284.6

291.0
302.6
289.7

352.9
356.7
363.7
367.9

3,292.2
3,370.0
3,453.0
3,527.1

3,278.7 3,283.8
3,412.0 3,394.0
3,516.1 3,481.6
3,619.1 3,578.4

297.9
309.6

378.4
385.8

415.7

676.3
695.4
704.4
727.0

311.2
324.7

393.1
402.2

3,589.0
3,679.8
3,737.5
3,818.1

3,762.3
3,859.1
3,922.1
3,976.2

3,694.2
3,778.3
3,843.3
3,890.2

305.0
302.7
295.8
304.7

396.8
418.7
414.7
440.2

742.2
762.4
785.6
799.2

330.0
338.2

352.1
356.9

424.2
433.4
442.4

412.2 3,920.7
3,970.9
4,057.0
4,107.9

4,031.8
4,113.6
4,195.8
4,276.0

-127.8
-129.7
-139.4
-133.2

311.5
313.0
318.4
333.9

439.2
442.7
457.8

805.9
825.3

-140.3
-145.1
-143.8
-143.2

336.3
355.7

476.5
500.8

371.5
392.4

515.3
535.6
540.5
544.3
550.9

-98.5
-106.0

418.5
438.8
452.4
467.0

236.5

43.2
42.3
23.3
35.1

-88.9
-63.0
-82.1
-77.5

486.1
506.2
506.2
521.3

211.4

-3.3
25.6
14.1

202.2

-36.5

-78.0
-60.4
-82.5
-76.6

534.6
545.9
548.7
572.6

229.0
220.3

5.7

3.0

1,902.7
1,973.8
2,036.2
2,065.8

-122.0
-105.6

231.8

11.3

12.7

11.7

16.8
13.8
17.1
17.3

229.2
226.0

7.7
9.0

12.1

227.0
230.5
233.3
237.3

59.3

13.2

8.5
6.0

13.8

23.1
17.8

4.9

265.1

9.6
7.4

11.6

222.8
226.4
225.2
226.5

NOTE.—GDP=Gross domestic product; CBI=Change in business inventories; GNP=Gross national product




14.5
11.3

GNP

chases

295.1
317.2
342.9
358.0

467.1

612.0
631.6

851.2
849.7

25.9
11.4
14.3

8.3
9.3
11.9

9.1

10.4

8.6
10.0
12.0

8.3
9.9
12.9

9.7

9.0
11.5
-1.2

.5
15.2
15.2

6.4

9.3

22.3

19.0

18.1

11.9

19.3

-.9
9.6

5.5
12.1

2.2
-.4
7.1
2.3
4.0
7.7
14.5
10.3
11.7
14.2

8.3
8.8
4.7
4.5
4.5
2.0
10.4

6.4
9.8
10.2

8.9
7.2

5.4

18.5

5.2

11.2

12.3

3.0

2.8

-.3
5.4
5.6
3.8
6.9

-1.3

7.3
1.8
3.7
7.8

17.3
12.8
12.2

14.1
10.7
11.6

16.8
10.7

13.6

9.9
6.9
5.4

10.5

6.4
8.9

6.7
5.6

9.4
7.1
5.0

3,955.7
4,012.9
4,089.5
4,156.2

7.5
6.0
8.2
6.4

11.2

5.2
9.0
5.1

5.7
8.4
8.2
7.9

6.9
5.9
7.9
6.7

352.2
364.2
381.5
373.1

453.7 4,167.6 4,343.5 4,231.4
461.2 4,214.7 4,361.7 4,239.1
469.7 4,302.3 4,429.7 4,300.0
476.6 4,355.4 4,469.8 4,340.5

7.5
1.6
5.6
4.4

5.9
4.6
8.6
5.0

6.5
1.7
6.4
3.7

7.4
.7
5.9
3.8

375.6
384.5

2.8
8.6
8.4
4.9

7.2
8.3
6.8
9.6

6.8
7.9
7.3

4,385.2
491.5 4,477.1
501.0 4,568.6
509.0 4,623.7

4,548.6 4,412.4
4,640.0 4,497.5
4,717.3 4,577.7
4,826.2 4,690.5

6.8
8.1
7.2
9.9

573.1

913.8
918.5
937.6

386.6
386.0
383.5
392.0

518.1
527.8
535.1
545.7

4,735.6 4,874.4 4,764.3
4,843.4 4,962.7 4,862.7
4,930.2 5,045.8 4,951.6
5,027.3 5,150.7 5,054.3

6.1
9.1
7.6
8.1

575.0
589.2
588.3
598.8

947.5
966.6
980.9
990.7

392.6
401.9
407.6
403.7

554.9
564.7
573.3
587.0

5,096.7 5,228.8
5,176.2 5,301.5
5,254.0 5,359.4
5,305.3 5,417.9

5,144.3
5,217.7
5,279.8
5,350.9

612.6
606.3
631.2
649.2

1,021.2
1,033.2
1,046.0
1,071.2

417.2
423.3
424.7
434.5

604.0
609.9

5,425.7 5,500.5
5,479.1 5,565.1
621.4 5,556.5 5,653.0
636.7 5,594.0 5,634.0

5,432.7
5,505.5
5,576.8
5,583.2

904.7

8.9
14.9
10.3

20.2

485.0

901.4

10.2

24.8
11.8
14.9

12.8
-3.9

11.5

387.1
392.5

860.6
876.0
888.0

25.4
11.9
14.0

10.2

9.4
7.4
8.1

4.1
7.4
6.9
8.6

6.4
8.5
7.5
8.6

7.8
6.3
4.6
4.9

5.6
6.4
6.1
4.0

6.2
5.7
4.4
4.4

7.3
5.8
4.8
5.5

6.3
6.2
4.9
-.9

9.4
4.0
5.8
2.7

6.2
4.8
6.5

6.3
5.5
5.3
.5

10.0

-1.3

SURVEY OF CURRENT BUSINESS

32 • February 1992

Table 2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable Nondurable
goods
goods

Services

Gross private domestic investment

Total

Nonresidential

Residential

Net exports

Net

CBI

1959

1,931.3

1,178.9

114.4

518.5

546.0

2964

1652

117.6

1960
1961
1962
1963
1964

1,973.2
20256
2,129.8
2,218.0
2,343.3

1,210.8
1 2384
1,293.3
1,341.9
1,417.2

115.4

568.5
591 3
620.0
648.0
688.3

290.8
2894

110.1
120.6
135.0
142.1

15.6
16.0
15.7

-10.5

343.3
371.8

173.3
172.1
185.0
192.3
214.0

1094

130.3
140.7

526.9
5377
553.0
563.6
588.2

2,473.5
2,622.3
2,690.3
2,801.0
2,877.1

1,497.0
1,573.8
1,622.4
1,707.5
1,7712

156.2
166.0
167.2
184.5
190.8

616.7
647.6
659.0
686.0
703.2

724.1
7602
7962
837.0
8772

413.0
438.0
418.6
440.1
461.3

250.6
276.7
270.8
280.1
2964

137.3
124.5
120.2
136.4
140.1

25.1
36.7
27.6
23.6
24.8

1970
1971
1972
1973
1974

2,875.8 1,813.5
2,959.3 1,873.7
3,107.1 1,9784
3,268.6 2,066.7
3,248.1 2,053.8

183.7
2252
246.6
227.2

717.2
725.6
755.8
777.9
759.8

912.5
946.7
9974
1,042.2
1,066.8

429.7
475.7
5322
591.7
543.0

292.0
286.8
311.6
357.4
356.5

131.8
168.1
198.0
196.6
155.6

1975
1976
1977
1978
1979

3,221.7
3,380.8
3,533.3
3,703.5
3,796.8

2,097.5
2,207.3
2,296.6
2,391.8
2,448.4

226.8
2564
280.0
292.9
289.0

767.1
801.3
819.8
844.8
862.8

1,103.6
1,149.5
1,196.8
1,254.1
1,296.5

437.6
520.6
6004
664.6
669.7

316.8
328.7
364.3
412.9
448.8

134.7
166.4
201.9
214.5
2074

-13.9

1980
1981
1982
1983
1984

3,776.3
3,843.1
3,760.3
3,906.6
4,148.5

2,447.1
2,476.9
2,503.7
2,6194
2,746.1

262.7
264.6
262.5
297.7
338.5

860.5
867.9
872.2
900.3
934.6

1,323.9
1,3444
1,368.9
1,421.4
1,473.0

594.4
631.1
540.5
599.5
757.5

437.8
455.0
433.9
420.8
490.2

164.8
151.6
124.1

-6.3
24.6

1742

-17.5
44

199.3

67.9

1985
1986
1987
1988
1989

4,279.8 2,865.8
4,404.5 2,969.1
4,540.0 3,0522
4,718.6 3,162.4
4,836.9 3,223.1

370.1
402.0
403.7
428.7
440.8

958.7
991.0
1,011.1
1,035.1
1,049.3

1,537.0
1,576.1
1,6374
1,698.5
1,732.9

745.9
735.1
749.3
7734
789.2

521.8
500.3
497.8
530.8
5424

202.0
2262
2252
222.7

22.1

1990

4,884.9

3,262.6

438.9

1,050.8

1,773.0

744.5

548.8

195.5

1959' I
' II "."."'".".
Ill
IV

1 ,909.7 1,159.5

111 9

2907
3083
288.1
297.8

158.8
163.8
169.1
169.0

1164

15.5

-214

120.7
118.5
115.0

244
.5

-25.0
-20.3
-20.5

1960: 1
II
Ill
IV

29.6

-134
-104
-5.6
-1.2

1965
1966
1967
1968
1969

.. . .

1094
1202

2014

3212

2142

13.6

8.1
7.2

5.9
20.8
22.5
37.7
30.9
25.5
34.3

372
13.6

Exports Imports

Total

Federal

State
and
local

Final P
sales of domes- Gross
domes- tic pur- national
tic
product
product chases

Percent change from preceding
period
GDP

Final Gross
sales of domesdomestic pur-

tip

GNP

IIC
product chases

-21.8

73.8

95.6

477.8

268.2

209.6

1,917.8

1 ,953.1 1,942.1

-7.6
-5.5

88.4
89.9
95.0

96.1
95.3

4792
503.3
525.9
538.7
551.7

261.3
271.9
289.0
288.1
284.5

217.9
231.4
236.9
250.6
267.3

1,965.0
2,018.4
2,114.2
2,202.0
2,327.6

1,980.8
2,031 1
2.140J3
2,223.8
2,340.7

1,985.1
2,039.0
2,145.0
2,234.2
2,360.8

2.2
27
5.1
4.1
5.6

2.5
27
4.7
4.2
5.7

1.4
25
54
3.9
5.3

22
27
52
42
5.7

285.1
3254
356.1
3572
344.2

284.8
303.1
317.0
333.7
341.9

2,448.3
2,585.6
2,662.7
2,777.4
2,852.3

2,479.9
2,640.3
2,714.0
2,838.5
2,918.6

2,491.9
2,639.4
2,707.8
2,819.8
2,895.0

5.6
6.0
2.6
4.1
2.7

52
5.6
3.0
4.3
2.7

5.9
6.5
2.8
4.6
2.8

5.6
5.9
2.6
4.1
2.7

-.3
32
5.3
44

-.1
3.0
5.0
5,4
-.5

101.8
115.4

105.5
107.7
112.9

-64
-18.0
-23.7
-37.5
-41.5

118.1
125.7
130.0
1402

124.5
143.7
153.7
177.7

147.8

1892

569.9
628.5
673.0
691.0
686.1

-352

161.3
161.9
173.7
210.3
2344

196.4
207.8
2302
244.4
2384

667.8
655.8
653.0
644.2
6554

316.9
2942
2844
265.3
262.6

350.9 2,869.9
361.6 2,938.6
368.6 3,084.5
378.9 3,230.9
392.9 3,217.2

2,911.0
3,005.2
3,163.6
3,302.7
3,252.2

2,893.5
2,9794
3,128.8
3,298.6
3,282.4

0
2.9
5.0
5.2
-.6

.6
24
5.0
4.7
-4

232.9
2434
246.9
2702
293.5

209.8
249.7
274.7
300.1
304.1

663.5
6592
664.1
677.0
689.3

262.7
258.2
263.1
268.6
271.7

400.8
401.1
401.0
4084
417.6

3,198.6
3,387.1
3,561.1
3,733.3
3,8074

3,247.6
3,4122
3,569.0
3,739.0
3,845.3

-.8
4.9
4.5
4.8
2.5

.6
3.7
4.3
4.8
3.2

-1.6

320.5
326.1
296.7
285.9
305.7

289.9
304.1
304.1
342.1
427.7

7042
713.2
723.6
743.8
766.9

284.8
295.8
306.0
320.8
331.0

4194
4174

3,784.6 3,745.7
3,818.6 3,8212
417.6 3,777.8 3,767.7
423.0 3,902.2 3,962.8
436.0 4,080.6 4,270.5

3,823.4
3,884.4
3,796.1
3,939.6
4,174.5

0
.9

-1.6

-74
-56.1
-122.0

-145.3
-155.1
-143.0
-104.0
-75.7

3092
329.6
364.0
421.6
4692

454.6
484.7
507.1
525.7
544.9

813.4
8554
881.5
886.8
900.4

3552
373.0
384.9
377.3
375.0

458.2 4,257.6
482.4 4,395.9
496.6 4,513.7
509.6 4,698.6
525.3 4,804.3

-51.3

505.7

557.0

929.1

380.9

548.2

709
72.0
77.5
74.7

92.3
97.0
97.8
95.3

480.9
481.9
475.9
472.7

271.2
272.1
265.9
263.6

2097
209.8
210.0
209.1

84.9
88.3
90.5
90.2

98.3
98.7
96.1
91.4

467.7
475.6
482.4

211.9

4912

255.8
2592
262.0
268.3

90.7
86.5
90.7
91.4

91.6
92.6
99.8

496.0
499.4
501.9
516.0

91.1
97.3
97.5
94.2

103.1
105.0
106.3
107.6

94.4

-6.1
-1.6

102.1
103.4
107.3

4.6
1.1
2.5
1.9

-5.8

2.5

-45.9
-56.5
-34.1
-4.1
23.1

-64
-27.8
-29.9
-10.6
30.7
22.0

3,235.6
3,355.3
3,499.0
3,666.3
3,783.2

-.5
1.8
-2.2

-1.5

-1.1

5.9
5.1
4.8
2.0
2.0
-1.4

-1.1

5.1
4.6
4.8
2.8
-.6
1.6
-2.3

3.9
6.2

3.3
4.6

5.2
7.8

3.8
6.0

4,425.1 4,295.0
4,559.6 4,413.5
4,683.0 4,544.6
4,822.6 4,726.3
4,912.6 4,840.7

3.2
2.9
3.1
3.9
2.5

4.3
32
2.7
4.1
2.2

3.6
3.0
2.7
3.0
1.9

2.9
2.8
3.0
4.0
24

4,884.7

4,9362 4,894.6

1.0

1.7

.5

1.1

1 ,894.2
1,916.8
1,931.3
1,928.8

1 931 1
1,966.2
1,952.0
1,963.2

1 919.9
1,9514
1,942.8
1,9544

6.8
2.3

4.9
3.1
-.5

1,948.2
1,966.3
1,964.6
1,981.0

1,991.2
1,983.9
1,981.8
1,966.3

1,989.0
1,985.1
1,988.3
1,978.0

7.4
-.9
.5
-22

4.1
3.8
-.3
34

2662
271.1
270.9
279.5

229.9 1,9882 1,980.6 1,9934
228.3 2,006.2 2,014.8 2,021.7
231.0 2,018.0 2,0432 2,049.7
236.5 2,061.1 2,085.8 2,091.0

3.0
6.0
5.6
8.3

1.5
3.7
24
8.8

2.9
7.1
5.8
8.6

32
5.8
5.7
8.3

522.9
526.2
527.3
527.1

288.9
290.9
289.3
286.9

234.0
235.3
238.0
240.2

2,082.5
2,113.2
2,126.4
2,134.6

2,117.8
2,135.2
2,152.7
2,155.5

2,119.3
2,142.4
2,158.9
2,159.5

5.6
42
3.1
-.3

4.2
6.0
2.5
1.6

6.3
3.3
3.3
.5

5.5
44
3.1
.1

104.8
107.3
109.5
109.0

530.6
5364
545.1
542.5

285.9
289.5
291.5
2854

244.7
247.0
253.6
257.1

2,152.2
2,188.2
2,222.3
2,2452

2,183.9
2,208.3
2,245.1
2,258.1

2,190.0
2,218.9
2,255.1
2,273.0

6.0
5.6
6.7
3.1

3.3
6.9
6.4
4.2

5.4
4.5
6.8
2.3

5.8
54
6.7
32

113.6
112.6
116.8
118.7

109.0
111.5
114.3
116.8

550.3
554.9
5522
549.5

2892
2884
282.9
277.4

261.1 2,298.1 2,310.4
266.5 2,317.8 2,332.1
269.3 2,345.9 2,357.3
2722 2,348.7 2,363.2

2,333.2
2,350.6
2,377.8
2,381.8

3.2
4.6
.9

9.8
3.5
4.9
.5

9.6
3.8
4.4
1.0

24.6
18.6

-7.5
-5.0
-7.8
-5.3

105.2
121.0
119.0
127.1

112.7
125.9
126.8

272.6
278.9
2852
303.4

2744
281.5
289.5
293.8

2,376.4
2,420.6
2,463.5
2,532.8

2,418.0
2,448.9
2,495.9
2,556.7

2,429.5
2,463.7
2,506.4
2,568.0

7.9
5.7
74

4.8
7.6
7.3

9.6
52
7.9

1324

547.0
560.5
574.7
5972

36.1
32.1
32.9
45.7

-11.4
-16.0
-22.8
-21.7

125.2
124.3
125.5
127.9

136.5
140.3
148.3
149.6

604.0
620.7
640.5
648.8

306.2
320.5
337.1
337.9

297.9
3002
303.3
310.9

2,565.7
2,574.6
2,601.8
2,6004

2,613.2
2,622.7
2,657.5
2,667.8

2,618.9
2,623.7
2,651.4
2,663.4

8.1
.8
44
1.7

5.3
1.4
4.3
-.2

9.1
1.5
5.4
1.6

8.2
.7
4.3
1.8

34.3
17.8
31.6
26.8

-20.5
-21.1
-23.5
-29.7

131.0
129.5
128.3
131.3

151.6
150.6
151.8
161.0

670.7
668.0
674.1
679.4

356.8
352.5
357.4
357.7

313.9
315.5
316.7
321.7

2,627.8
2,655.9
2,673.2
2,693.8

2,682.6
2,694.9
2,728.4
2,750.3

2,679.2
2,690.3
2,723.3
2,738.4

2.4
1.8
4.8
2.3

4.3
4.3
2.6
3.1

2.2
1.8
5.1
3.2

2.4
1.7
5.0
22

8.5
26.3
19.9
32.6

.2

1162

5149
5163

1331J U8&0
1,942.7 1,192.7

117.6
112.0

519.9
522.4

5327
5424
550.6
558.2

1,977.8
1,973.5
1,976.2
1,965.1

1,201.7
1,216.4
1,210.8
1,214.1

114.5
117.6
1162
1132

522.8
529.6
527.0
528.0

564.4
569.1
567.6
572.9

321.8
292.0
288.5
261.0

173.8
176.1
171.7

118.4
108.6
105.3

1714

1054

1961:1
II
Ill
IV

1,979.7
2,008.8
2,036.5
2,077.4

1,218.1
1,235.6
1,238.8
1,261.0

106.7
107.2
109.3
114.4

532.1
537.7
536.9
543.9

579.3
590.6
592.6
602.7

2664
279.9
3024
308.9

169.0
171.0
171.8
176.8

105.9
106.3

-6.5

1122

18.5
16.3

1962: 1
II
Ill
IV

2,105.8
2,127.5
2,143.9
2,142.1

1,273.5
1,287.0
1,298.2
1,314.3

116.7
119.1
120.1
125.0

548.9
550.6
554.5
558.2

608.0
617.4
623.5
631.1

3214

180.0
186.1
188.3

1963: 1
II
Ill
IV

2,173.5
2,203.1
2,239.0
2,256.4

1,322.5
1,332.3
1,350.7
1,362.0

127.3
129.7
131.3
133.0

561.0
561.8
565.4
566.1

634.2
640.8
654.1
663.0

330.8
339.5
349.3
353.5

1964: 1 . . ..
II
III
IV

2,315.0
2,3332
2,359.8
2,365.1

1,388.0
1,409.3
1,433.8
1,437.6

137.8
140.6
144.8

575.7
584.9
595.9
596.3

674.5
683.7
6932
701.9

1965: 1
II
III
IV

2,4104
2,443.9
2,488.1
2,551.4

1,463.4
1,480.9
1,503.1
1,540.6

1522
1524

157.3
162.8

602.8
609.5
617.6
637.2

1966: 1

2,601.8
2,606.7
2,634.7
2,646.1

1,559.6
1,566.1
1,582.0
1,587.6

169.9
162.0
166.3
166.0

1967: 1
II
Ill
IV

2,662.1
2,673.7
2,704.9
2,720.6

1,600.2
1,620.8
1,6294
1,639.0

1968: 1
II
Ill
IV

2,758.0
2,802.2
2,819.1
2,824.8

1969: 1
II
Ill
IV

115.8

Government purchases

13.9

7.2
11.6

-15.9
2.6

-.9
-6.0
-6.7

-64

974

2164

220.4
222.9

-1.9

7.5
-2.9

6.7
-1.8

2.3

24

5.8

7.3
-.8
.6

-1.5

-4
-3.1

-2.1

23.3

-11.9

142

-7.8
-6.9

1854

118.0
121.6
121.5
121.3

183.7
189.7
195.1
200.7

125.8
135.0
137.5
141.6

21.3
14.9
16.7

372.1
367.9
371.3
376.0

2052

16.9

217.8
222.7

150.0
142.1
139.5
136.9

7084
719.0
728.2
740.7

407.6
407.5
418.1
418.9

2364
245.9
255.0
265.0

137.2
138.3
138.5
135.2

641.9
6472
651.7
6494

747.9
756.9
764.0
772.2

449.5
435.9
435.1

1384

4314

275.0
276.8
279.2
275.8

162.8
170.0
168.1
167.8

6554
659.0
658.8
662.7

781.9
791.8
802.5
808.6

411.7
406.1
424.9
431.8

271.0
269.7
268.8
2734

1064

1,672.9
1,696.8
1,7252
1,735.0

1782

8192

831.9
842.9
853.8

433.0
447.0
442.3
438.0

280.9
275.5
277.7
2864

1322

188.5

675.5
683.0
692.9
692.7

135.6
138.1
139.6

20.0
36.0
26.5
12.1

-36.8
-35.7
-37.4
-^0.1

134.2
137.6
146.2
142.9

170.9
173.2
183.6
183.1

688.8
694.0
689.0
691.9

362.3
361.3
352.6
352.8

326.5 2,738.0
332.8 2,766.3
336.4 2,792.7
339.1 2,812.7

2,794.7
2,837.9
2,856.5
2,864.9

2,776.2
2,820.9
2,838.3
2,843.8

5.6
6.6
2.4
.8

6.7
42
3.9
2.9

6.6
6.3
2.6
1.2

5.6
6.6
2.5
.8

2,867.4
2,872.5
2,887.9
2.880.6

1,754.7
1,765.1
1,775.0
1,790.1

192.0
190.9
190.6
189.7

698.7
702.3
703.8
708.0

863.9
871.8
880.6
8924

4662
460.6
471.0
4474

293.1
293.8
300.9
297.7

144.3
143.2
141.9
131.3

28.9
23.7
28.2
18.5

-38.9
-44.1
-43.3
-39.8

128.4
154.5
153.1
155.0

167.3
198.6
196.3
194.8

685.3
690.9
6852
682.9

344.9
3482
342.8
341.0

3404 2,838.5
342.7 2,848.8
3424 2,859.7
342.0 2,8622

2,906.2
2,916.6
2,9312
2,920.4

2,886.3
2,890.7
2,9052
2,897.9

62
.7
2.2

3.7
1.5
1.5
4

5.9
1.4
2.0

6.1
.6
2.0

1970: 1
II
HI
IV

2,872.8
2,860.3
2,896.6
2.873.7

1,800.5
1,807.5
1,824.7
1.821.2

185.2
187.3

900.7
906.2
918.5
924.7

431.8
423.6
439.4
424.1

294.9
292.5
295.5
284.9

131.9
122.8
129.5

5.1
84
144

1432

-4.0

-36.0
-33.9
-34.4
-36.4

157.3
163.3
161.3
163.2

193.3
197.1
195.7
199.6

6764
663.0
666.9
664.9

331.3
315.8
312.6
308.0

3452 2,867.7
347.1 2,851.9
354.3 2.8822
356.9 2.877.7

2,908.8
2,894.1
2,931.0
2,910.1

2,890.6
2,878.6
2,914.7
2.890.1

-1.1
-1.7

1882
1742

714.6
714.0
718.0
722.3

1971:1
II
Ill
IV

2,942.9
2,947.4
2,966:0
2,980.8

1,849.9
1,863.5
1,876.9
1,904.6

193.0
197.8
203.3
211.5

724.0
724.9
7242
729.4

932.9
940.8
949.4
9.63.7

467.8
476.2
,482.0
476.8

284.9
2862
265.8
290.3

151.1
166.1
174.2
181.0

31.9
23.8
21.9

-34.0
-48.8
-47.0
-53.8

162.5
162.7
171.0
151.4

196.5
211.5
218.0
2052

659.2
656.5
654.2
653.2

300.8
295.9
293.1
287.2

3584
360.7
361.1
366.1

2,911.0 2,976.9
2,923.7 2,9962
2,944.1 3,013.1
2,9754 3,034.6

2,962.8
2,968.7
2.985.1
3.001.0

10.0

1972: 1
II
Ill
IV

3,037.3
3,089.7
3,125.8
3,175.5

1,929.3
1.963.3
1,989.1
2,032.1

2.155
220.9
225.7
238.3

734.9
752.7
761.7
774.0

978.5
989.6
1,001.6
1,019.8

511.3
5274
542.1
547.8

299.7
306.1
311.4
329.1

193.1
197.1
197.6
2042

18.4

-61.2
-57.0
-53.9
-54.0

169.5
166.5
173.9
185.0

230.7
223.5
227.8
239.0

657.9
656.0
648.5
649.5

290.7
290.6
280.3
275.8

367.2
3654
368.2
373.7

3,018.9 3,098.5
3,065.5 3.146.7
3.092.7 3.179.7
3,161.0 3,229.4

3,058.4
3.110,5
3.1484
3,197.8

Ill '".'."!"
IV




1394

182.0
1894

322.0
327.3
314.1

2104

127.0
122.9
109.9
118.6
124.4
131.6

17.5

7.4

112
154
13.9
16.4
34.0

234

5.4
242
33.1
14.4

-13.5
-104

-52

10.8

10.6

-1.0

5.2
-3.1

11.7

.8
-2.2

4.3
-.6

10.1

11.0

3.0
4.7
.7
8.3
5.8
7.1
10.2

-1.5

-1.0

-1.6
-2.0

-1.0
-1.7

5.2
-2.8

5.1
-3.3

.6
2.5
2.0

4.7
1.8
2.8
4.3

9.5
2.6
2j
23

104
.8
2.2
2.1

7.8
7.1
4.8
6.5

6.0
6.3
3.6
9.1

8.7
6.4
4.3
6.4

7.9
7.0
5.0
6.4

SURVEY OF CURRENT BUSINESS

February 1992 •

33

Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable Nondurable
goods
goods

Gross private domestic investment

Services

Total

Nonresidential

Residential

CBI

Net exports

Net

Exports Imports

2,063.9
2,062.0
2,073.7
2,067.4

253.4
248.2
245.9
239.0

780.7
773.7
780.5
776.7

1,029.7
1,040.1
1,047.3
1,051.6

586.8
596.3
580.0
603.6

344.3
357.7
363.1
364.3

211.2
200.5
192.1
182.6

31.3
38.1
24.8
56.7

-49.7
-36.6
-26.1
-23.9

200.7
209.2
212.4
219.0

1974: I
II
Ill
IV

3,253.3
3,267.6
3,264.3
3,289.1
3,259.4
3,267.6
3,239.1
3,226.4

2,050 8
2,059.0
2,065.5
2,039.9

230.9
233.5
235.3
209.1

766.3
761.2
760.7
750.9

1 ,053.6
1,064.3
1,069.5
1,079.9

565.1
554.6
528.5
523.7

364.0
363.3
354.9
343.7

169.3
161.5
156.0
135.6

31.9
29.8
17.6
44.4

-5.3
-4.5
-9.2
2.6

1975: 1
||
Hi
IV

3,154.0
3,190.4
3,249.9
3,292.5

2,051.8
2,086.9
2,114.4
2,137.0

214.6
218.5
233.3
240.7

752.1
767.1
773.5
775.6

1,085.0
1,101.3
1,107.6
1,120.6

419.8
411.3
451.7
467.7

320.7
312.4
315.5
318.5

127.0
129.4
138.2
144.3

-28.0
-30.6
-2.0
4.9

1976: 1
II
III
IV

3,356.7
3,369.2
3,381.0
3,416.3
3,466.4
3,525.0
3,574.4
3,567.2

2,179.3
2,194.7
2,213.0
2,242.0

254.0
254.4
256.2
261.0
272.3
278.1
282.1
287.3

789.2
799.3
805.2
811.6

1,136.1
1,141.0
1,151.6
1,169.4

509.4
521.8
519.2
532.1

323.6
324.9
330.8
335.7

159.0
163.6
161.2
181.8

817.8
815.7
816.7
829.2

1,181.2
1,187.0
1,203.8
1,215.1

563.6
602.7
628.3
607.1

351.6
360.5
366.6
378.5

2,347.1
2,394.0
2,404.5
2,421.6
2,437.9
2,435.4
2,454.7
2,465.4

279.0
300.4
295.2
297.0

833.5
840.9
848.0
856.9

1,2346
1,252.8
1,261.3
1,267.7

293.8
285.9
292.4
283.8

860.5
856.6
863.5
870.8

1,283.6
1,292.8
1,298.7
1,310.9

625.4
663.6
676.2
693.1
679.0
682.3
666.5
651.1

383.1
411.0
423.0
434.3

1979: 1
||
III
IV

3,591.8
3,707.0
3,735.6
3,779.6
3,780.8
3,784.3
3,807.5
3,814.6

1980: 1
II .
Ill
IV

3,830.8
3,732.6
3,733.5
3,808.5

2,464.6
2,414.2
2,440.3
2,469.2

279.7
246.3
258.4
266.6

869.2
857.4
855.3
859.9

1,315.6
1,310.4
1,326.6
1,342.8

1981:1
II
Ill
IV

2,475.5
2,476.1
2,487.4
2,468.6
2,484.0
2,488.9
2,502.5
2,539.3

274.4
262.6
271.3
250.0

1982: 1
II .
Ill
IV

3,860.5
3,844.4
3,864.5
3,803.1
3,756.1
3,771.1
3,754.4
3,759.6

259.3
258.6
260.0
272.3

867.3
868.6
867.9
868.1
8676
867.7
872.7
880.7

1,333.8
1,344.9
1,348.2
1,350.6
1 357.1
1,362.6
1,369.8
1,386.2

1983: |
II
III '"11"
IV

3,783.5
3,886.5
3,944.4
4,012.1

2,556.5
2,604.0
2,639.0
2,678.2

274.3
294.0
303.3
319.1

885.2
893.8
907.1
915.2

1984: 1
II
III
IV

4,089.5
4,144.0
4,166.4
4,194.2

329.6
339.0
337.6
347.7

1985: 1
II
Ill
IV

4,221.8
4,254.8
4,309.0
4,333.5
4,390.5
4,387.7
4,412.6
4,427.1

2,703.8
2,741.1
2,754.6
2,784.8
2,824.9
2,849.7
2,893.3
2,895.3
2,922.4
2,947.9
2,993.7
3,012.5

4,460.0
4,515.3
4,559.3
4,625.5
4,655.3
4,704.8
4,734.5
4,779.7

1973: 1
II
Hi
IV

1977: 1
II
HI "12
IV
1978: I
II
Ill
IV

1986: 1
II . ..
Ill . .
IV
1987: |
II
HI

iv "."".!
1988: I
Ill "
IV
1989- 1
II
Ill
IV
1990: 1
II
III '"".".'."
IV

Percent change from preceding

Government purchases

Total

Federal

State
and
local

_
Final
sales of domes- Gross
domes- tic pur- national
tic
product
product chases

nprinrt
pcnuu

GDP

Final
Gross
sales of domesdomes- tic purtic
product chases

GNP

652.3
645.9
636.8
642.0

276.9
270.0
256.8
257.7

375.3
375.9
380.0
384.2

3,222.0
3,229.5
3,239.6
3,232.4

3,303.0
3,304.2
3,290.4
3,313.0

3,279.4
3,295.6
3,297.2
3,322.1

10.2
1.8
-.4
3.1

7.9
.9
1.3
-.9

9.4
.1
-1.7
2.8

10.6
2.0
2
3.1

229.0
240.2
230.4
237.8

250.3
245.9
238.5
242.9
234.3
244.7
239.6
235.1

648.8
658.6
654.2
66'0.1

260.0
264.0
260.1
266.2

388.8
394.6
394.1
393.9

3,227.6
3,237.8
3,221.4
3,182.0

3,264.7
3,272.1
3,248.3
3,223.7

3,298.4
3,304.4
3,272.2
3,254.6

-3.6
1.0
-3.4
-1.6

-.6
1.3
-2.0
-4.8

-5.7
.9
-2.9
-3.0

-28
.7
-3.8
-2.1

23.3
32.7
18.4
18.2

233.9
227.7
229.7
240.2

210.7
195.0
211.4
222.0

659.2
659.5
665.4
669.7

262.0
261.5
262.6
264.6

3,181.9
3,221.0
3,251.8
3,287.7

3,130.7
3,157.7
3,231.5
3,274.4

3,177.4
3,213.9
3,275.5
3,323.6

-8.7
4.7
7.7
5.3

0
5.0
3.9
4.5

-11.0
3.5
9.7
5.4

-92
4.7
7.9
6.0

26.9
33.3
27.2
14.7

2.8
-6.2
-8.3
-13.7

238.9
239.9
246.4
248.4

236.0
246.1
254.7
262.1

665.1
658.9
657.0
655.9

7.8
1.6
1.4
4.3

244.0
250.8
250.5
242.1

271.8
276.0
273.0
277.9

659.2
666.7
666.0
664.3

399.9
402.5
401.7
400.0

3,386.8
3,400.5
3,412.7
3,448.9
3,503.9
3,561.8
3,610.8
3,599.3

10.1
2.6
1.7
4.9

-27.8
-25.2
-22.5
-35.9

3,353.8
3,375.4
3,389.3
3,430.0
3,494.1
3,550.2
3,596.9
3,603.0

5.2
.7
2.2
5.8

24.9
34.3
54.0
23.8

3,329.8
3,335.9
3,353.7
3,401.6
3,441.5
3,490.7
3,520.4
3,543.4

8.0
1.5
1.4
42

187.1
207.9
207.7
204.8

258.6
258.1
257.7
258.2
259.4
264.2
264.3
264.3

397.1
398.0
402.8
405.1
406.5
400.8
399.3
397.7

6.0
6.9
5.7
-.8

4.8
5.8
3.4
2.6

7.7
6.6
5.4
.7

6.5
6.8
5.6
-1.3

36.0
36.9
35.3
40.6

-468
-26.5
-26.9
-19.2

2487
271.6
274.5
286.0

2956
298.1
301.4
305.2

666.1
675.9
681.8
684.1

-17.3
-20.4
-7.3
2.8

286.5
284.9
2929
309.9

303.8
305.3
300.2
307.1

681.2
687.0
693.6
695.3

4026
405.4
411.5
414.0
410.8
417.1
420.1
422.4

35558
3,670.1
3,700.3
3,739.0
3,759.1
3,754.6
3,802.5
3,816.7

28
13.5
3.1
4.8
.1
.4
2.5
.7

4.0
10.8
3.1
3.9
-.1
.7
1.1
-.3

3.4
12.5
3.5
5.4
2
.9
3.4
.7

650.4
577.5
544.3
605.5

457.7
430.7
428.2
434.7

185.6
150.4
153.4
170.0

7.1
-3.6
-37.2
.8

11.1
33.1
47.0
31.5

319.6
323.0
320.1
319.5

308.5
290.0
273.1
287.9

704.7
707.9
701.9
702.2

281.0
288.2
285.6
284.4

423.7
419.7
416.2
417.8

3,823.7
3,736.2
3,770.7
3,807.7

3,798.1
3,804.7
3,814.8
3,811.9
3,819.7
3,699.5
3,686.5
3,776.9

36291
3,737.9
3,769.8
3,819.3
3,821.2
3,829.8
3,862.0
3,868.3

14
13.5
3.3
4.2

21.7
29.7
5.0
-2.0

263.5
270.4
270.3
270.1
270.4
269.9
273.5
272.9

36386
3,733.5
3,762.5
3,798.8

444.1
442.9
454.7
453.4

206.3
215.6
217.9
218.2
213.2
209.8
206.7
199.7

3,884.6
3,782.3
3,780.5
3,846.2

1.7
-9.9
.1
8.3

.7
.8
-8.8 -12.0
3.7 i -1.4
4.0 | 102

1.7
-10.1
-2
7.1

444.9
450.9
461.6
462.5

166.2
160.2
147.3
132.5

32.6
15.8
35.7
14.1

29.0
27.9
20.9
10.0

328.1
332.0
323.3
321.1

299.0
304.1
302.3
311.1

712.2
713.4
711.7
715.5

290.6
297.3
297.5
297.9

421.6
416.2
414.2
417.5

3,827.9
3,828.6
3,828.8
3,789.0

3,831.5
3,816.5
3,843.6
3,793.1

3,901.6
3,882.8
3,904.9
3,848.5

5.6
-1.7
2.1
-6.2

2.1
.1 i
0
-4.1

5.9
-1.6
2.9
-52

5.9
-1.9
2.3
-5.7

4536
440.1
424.8
417.2

1248
120.8
119.5
131.2

-24.4
-1.5
.7
-44.9

3.5
3.5
-17.7
-19.0

306.1
306.5
293.9
280.4

302.6
302.9
311.5
299.4

7147
719.2
724.6
735.9

-.9
-.8
-2.0
5.5

-42
1.6
.5
.7

-5.6
1.8
-2.2
2

-33.5
9.9
12.1
29.3

-28.0
-45.9
-67.0
-83.7

282.5
283.7
286.1
291.5

310.5
329.5
353.1
375.1

735.3
740.4
751.5
748.1

419.8
421.2
425.3
425.9

3,752.6
3,767.6
3,772.1
3,778.6
3,811.5
3,932.3
4,011.4
4,095.8

-4.9
1.6
-1.8
.6

150.1
170.5
185.7
190,6

3,780.6
3,772.6
3,753.7
3,804.5
3,817.0
3,876.6
3,932.3
3,982.8

3,793.0
3,810.3
3,789.4
3,791.7

403.1
407.6
423.0
449.6

2995
301.6
307.0
316.0
315.5
319.2
326.3
322.2

4152
417.6
417.6
419.9

1,396.9
1,416.1
1,428.6
1,443.9

643.8
627.0
644.5
609.1
553.9
559.5
545.0
503.5
519.7
588.0
620.8
669.5

3,816.5
3,916.7
3,978.8
4,046.6

2.6
11.3
6.1
7.0

1.3
6.4
5.9
5.2

3.5
13.3
8.3
8.7

2.6
10.9
6.5
7.0

920.6
936.2
938.5
942.9

1,453.6
1,465.8
1,478.6
1,494.2

739.9
760.6
773.1
756.4

463.7
487.2
500.4
509.6

196.4
202.4
199.7
198.8

79.9 -108.4
71.0 -121.0
73.0 -127.2
47.9 -131.4

298.0
303.9
308.2
312.8

406.3
424.9
435.4
444.2

754.1
763.3
766.0
784.3

323.8
329.6
328.7
341.7

430.4
433.7
437.3
442.6

4,009.6
4,073.1
4,093.5
4,146.2

4,197.9
4,265.0
4,293.6
4,325.5

4,119.1
4,169.4
4,193.0
4,216.4

7.9
5.4
2.2
2.7

2.7
6.5
2.0
52

10.4
6.5
2.7
3.0

7.4
5.0
2.3
2.3

360.1
364.4
386.4
369.6
378.9
390.2
423.1
415.7

949.2
955.6
961.3
968.7
980.8
990.2
992.3
1,000.9

1,515.5
1,529.8
1,545.6
1,557.1
1,562.8
1,567.5
1,578.3
1,595.8

732.6
748.4
739.6
763.1
776.4
746.3
711.7
705.9

518.8
525.8
517.2
525.5
513.2
500.1
492.5
495.5

14.8
23.7
19.8
30.2
48.1
18.2
-12.0
-20.1

438.1
459.0
454.0
467.4

4,207.1
4,231.0
4,289.2
4,303.3
4,342.4
4,369.5
4,424.7
4,447.2

4,238.1
4,270.5
4,321.8
4,349.5
4,406.4
4,394.6
4,422.3
4,430.8

2.7
3.2
5.2
2.3

6.0
2.3
5.6
1.3

22
52
5.1
2.7

2.1
3.1
4.9
2.6

5.4
-.3
2.3
1.3

3.7
2.5
5.1
2.0

4.0
1.0
2.9
.5

5.3
-1.1
2.5
.8

1,616.5
1,632.4
1,645.2
1,655.5
1,679.6
1,690.0
1,707.5
1,716.9

729.3
735.7
738.4
793.8
756.9
769.4
782.2
785.0

481.1
490.7
508.6
510.6
517.7
531.4
535.2
538.8

376.8
384.5
386.8
391.6
379.7
377.2
373.7
378.4

4,809.8
4,832.4
4,845.6
4,859.7

3,200.9
3,208.6
3,241.1
3,241.6

1,720.3
1,725.4
1,735.4
1,750.7

803.2
797.4
776.8
779.2

41.2
38.9
20.2
30.0

-81.2
-71.9
-79.8
-70.0

451.2
469.5
470.5
485.8

369.1
376.2
380.9
373.9

3,258.8
3,258.6
3,281.2
3,251.8

1,751.8
1,769.6
1,787.3
1,783.1

754.9
766.0
760.3
696.6

540.0
543.6
544.7
541.3
550.7
544.3
555.5
544.5

221.9
215.0
211.9
207.9

4,880.8
4,900.3
4,903.3
4,855.1

433.6
439.9
454.3
435.6
452.7
438.7
440.3
424.0

1,005.6
1,011.3
1,012.9
1,014.6
1,023.5
1,031.0
1,039.3
1,046.8
1,047.1
1,043.3
1,051.4
1,055.3
1,054.4
1,050.3
1,053.7
1,044.7

448.1
455.8
462.2
466.7
475.4
480.9
486.0
487.3
492.3
494.6
498.1
501.4
503.9
508.3
510.0
516.1

4,349.0
4,404.0
4,458.6
4,488.9

464.0
480.9
494.9
498.9
492.1
502.7
511.3
522.1
520.5
515.2
526.1
540.9
532.4
541.3
550.3
555.7

791.5
805.8
825.7
830.5
834.9
850.6
871.6
864.8
869.1
879.0
884.9
893.0
883.7
885.6
883.7
894.5
886.9
898.3
907.4
908.9

343.4
350.0
363.5
363.7
359.4
369.7
385.5
377.5

389.4
403.1
417.7
404.7

-127.1
-149.2
-149.6
-155.4
-143.1
-157.1
-164.3
-156.0
22.5 -150.0
17.3 -146.3
5.4 -139.8
59.9 -136.0
19.2 -113.4
16.1
-98.1
23.5 -101.9
20.9 -102.7

310.9
309.8
304.3
312.0
320.9
323.9
330.6
342.9

3,011.5
3,046.8
3,075.8
3,074.7
3,128.2
3,147.8
3,170.6
3,202.9

199.0
198.9
202.7
207.4
215.0
228.0
231.3
230.5
225.7
227.7
224.3
223.3
220.0
222.0
223.5
225.3

208.2
199.5
190.9
183.3

-4.0
22.1
13.9
-31.2

-56.0
-52.5
-65.7
-31.2

496.2
502.1
501.6
522.5

552.2
554.5
567.4
553.7

923.0
928.1
927.5
937.9

379.3
383.3
378.4
382.6

2,271.3
2,280.8
2,302.6
2,331.6

425.1
426.9
423.8
439.2

NOTE.—GDP=Gross domestic product; CBI=Change in business inventories; GNP=Gross national product




342.1
356.5
371.5
386.1
407.1
417.2
424.1
438.2

22
-.5
52
1.5

4,437.5
4,497.9
4,553.9
4,565.6
4,636.2
4,688.7
4,710.9
4,758.7

4,533.6
4,544.7
4,577.0
4,583.1
4,610.0
4,661.6
4,699.1
4,761.5
4,768.7
4,802.8
4,836.4
4,882.4

4,463.9
4,517.8
4,563.6
4,633.0
4,667.1
4,710.3
4,738.7
4,789.0

3.0
5.1
4.0
5.9

-.9
5.6
5.1
1.0

2.4
4.6
3.3
5.4

3.0
4.9
4.1
6.2

2.6
4.3
2.5
3.9

6.3
4.6
1.9
4.1

.6
2.9
2.8
3.9

3.0
3.8
2.4
4.3

517.8
522.1
526.4
534.9

4,768.5
4,793.5
4,825.4
4,829.7

4,891.0
4,904.3
4,925.4
4,929.7

4,813.9
4,831.6
4,847.9
4,869.3

2.5
1.9
1.1
1.2

.8
2.1
2.7
.4

.7
1.1
1.7
.3

543.7
544.8
549.1
555.3

4,884.8
4,878.1
4,889.4
4,886.3

4,936.8
4,952.7
4,969.1
4,886.3

4,890.2
4,901.2
4,909.2
4,877.7

1.7
1.6
.2
-3.9

4.6
-.5
.9
-.3

.6
1.3
1.3
-6.5

2.1
1.5
1.4
1.8
1.7
.9
.7
-2.5

SURVEY OF CURRENT BUSINESS

34 • February 1992

Table 3.—National Income and Disposition of Personal Income
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter

National
income

Total

Wages
and salaries

Supplements to
wages
and salaries

Proprietors' income
with IVA and
CCAdj.

Rental
income

Nonfarm

sons
with
CCAdj.

Farm

Corporate profits with IVA and CCAdj.

of perTotal

IVA

CCAdj.

Profits
before

tax

Profits
aftertax

Net interest

Personal
income

Less:
Personal
tax and
nontax

Equals:

DPI

pay-

Saving
DPI in
Equals:
Less:
as perPersonal Personal centage constant
(1987)
saving
outlays
of DPI
dollars

ments

1959

410.1

281.2

259.8

21.4

10.7

41.1

14.7

52.3

-.3

-.8

53.4

29.7

102

3912

44.5

346.7

324.7

22.0

6.3

1,284.9

1960
1961
1962
1963
1964

425.7
440.5
474.5

296.7
305.6
327.4
345.5

272.8
280.5
299.3

23.8
25.1
28.1
30.7
33.2

11.2
11.9
11.9
11.8
10.6

40.6
42.4
44.5
45.9
49.8

15.3
15.8
16.5
17.1
17.3

50.7
51.6
59.6
65.1
72.1

-.2
.3
0
.1
-.5

-.3
.3
32
3.9
4.6

51.1
51.0
56.4

28.4

11.2
13.1
14.6
16.1
18.2

409.2
426.5
453.4
476.4

48.7

360.5
3762
398.7

339.9

418.4
454.7

351.3
372.8
393.7
423.1

20.6
24.9
25.9
24.6
31.6

5.7
6.6
6.5
5.9
6.9

1,313.0
1,356.4
1,414.8
1,461.1
1,562.2

1965
1966
1967
1968
1969

586.9
643.7
679.9

36.1
42.7
46.6
52.8
60.1

12.9
14.0
12.7
12.7
14.4

52.1
55.3
58.2
62.4
64.5

18.0
18.5
19.4
18.2
18.0

82.9
88.6
86.0
92.6
89.6

-1.2
-2.1
-1.6
-3.7
-5.9

5.3
5.6
5.7
5.6
6.4

78.8
85.1
81.8
90.6
89.0

47.9
51.4

552.9

51.2
49.4

21.1
24.3
28.1
30.4
33.6

601.7
646.5
709.9
773.7

109.9

491.0
530.7
568.6
617.8
663.8

456.5
494.4
522.8
573.9
620.5

34.6
36.3
45.8
43.8
43.3

7.0
6.8
8.1
7.1
6.5

1,653.5
1,734.3
1,811.4
1,886.8
1,947.4

66.8
74.9
87.6

65.3
70.9
78.3
84.3
89.8

17.8

77.5
90.3
1032

-6.6
-4.6
-6.6

78.4
90.1

40.0
45.4
49.3
56.5
71.8

831.0
893.5
980.5
1,098.7
1,205.7

109.0
108.7
132.0
140.6
159.1

664.5

-20.0
-39.5

44.0
52.4
62.6
81.6
91.0

722.0
784.9
848.5

116.4
104.5

5.6
4.8
5.3
5.5
1.2

1,046.5

719.4
788.7
872.0
953.1

57.5
65.4
59.7
86.1
93.4

8.0
8.3
7.0
9.0
8.9

2,025.3
2,099.9
2,186.2
2,334.1
2,317.0

97.5

13.5
12.1

121.9
147.1
175.7
199.7
202.5

-11.0
-14.9
-16.6
-25.0
-41.6

-11.7
-11.0
-13.1
-17.3

80.0
85.1

1,307.3
1,446.3
1,601.3
1,807.9
2,033.1

156.4
182.3
210.0
240.1
280.2

1,150.9
1,264.0
1,391.3
1,567.8
1,753.0

1,050.6
1,171.0
1,303.4
1,460.0
1,629.6

100.3

114.6
129.4
146.2
157.0

107.8
123.3

8.7
7.4
6.3
6.9
7.0

2,355.4
2,440.9
2,512.6
2,638.4
2,710.1

501.5
539.1

371.0

314.8
337.7
363.7
400.3
428.9

741.0
798.6

399.8
443.0
475.5
524.7
578.4

1970
1971
1972
1973
1974

833.5
899.5
992.9
1,119.5
1,198.8

618.3
659.4
726.2
812.8
891.3

551.5
584.5
638.7
708.6
772.2

104.2
119.1

14.6
15.2
19.1
32.2
25.5

1975
1976
1977
1978
1979

1,285.3
1,435.5
1,609.1
1,829.8
2,038.9

948.7
1,058.3
1,177.3
1,333.0
1,496.4

814.7
899.6
994.0
1,120.9
1,255.3

134.0
158.7
183.3
212.1
241.1

23.7
18.3
17.1
21.5
24.7

1980
1981
1982
1983
1984

2,198.2
2,432.5
2,522.5
2,720.8
3,058.3

1,644.4
1,815.5
1,916.0
2,029.4
2,226.9

1,376.6
1,515.6
1,593.3
1,684.2
1 ,850.0

267.8
299.8
322.7
345.2
376.9

11.5
21.2
13.5

1985
1986
1987
1988
1989

3,268.4
3,437.9
3,692.3
4,002.6
4,244.7

2,382.8
2,523.8
2,698.7
2,921.3
3,101.3

1,986.3
2,105.4
2,261.2
2,443.0
2,585.8

396.5

418.4
437.4
478.3
515.5

1990

4,459.6

3,290.3

2,738.9

551.4

402.0

274.8

414.7
409.8
414.2

281.9
282.5
285.8

254.0
260.5
260.9
263.9

1960: 1
II
Ill
IV

426.1
425.8
426.4
424.6

294.2

1961:1

II

425.8
435.2

III '""'".

444.1
456.7

1959: 1
II
Ill
IV

... .

IV
1962: 1
II
ill
IV

465.3

471.8
477.0
483.8

471.9
518.3

182
16.8
17.3
15.8

9.0
8.9
8.4

160.3
159.6
157.3
184.3
214.7

20.8
21.9
22.1
23.3

177.7
182.0
151.5
212.7
2642

-43.0
-25.7

21.5
22.3
31.3
30.9
41.4

238.4

18.7

280.8

261.5
279.0
293.4
305.5

-7.9

271.6
319.8
365.0
351.7

2
9.7
-14.5
-27.3
-17.5

42.5

330.7

-12.9

319.0

-142

20.8
21.3
21.7
21.9

11.4
10.6
10.0
10.7

40.2
41.3
41.5
41.2

14.1
14.5
14.9

51.3

270.7
273.4
273.9
273.3

23.5
23.8
24.0
24.1

10.0
11.1
11.6
12.2

40.9
40.8
40.4
40.3

314.1

273.7
277.6
282.2
288.4

24.5
24.8
25.2
25.7

12.1
11.4
11.7
12.4

320.6
326.6
329.5
333.0

293.2
298.7
301.1
3042

27.4
27.9
28.3
28.8

337.9
342.6
347.7
353.9

307.9

328.2
334.8

297.1
297.9
297.4
298.3
302.4
307.4

2.4
21.3

132

8.7
3.2
4.3

-9.9
-8.5
-4.1

-.6

-7.6

612
68.0

104.5
130.9
142.8
140.4
173.7

282
32.4
34.9
40.0

492

89.5

510.7

50.3
54.8
58.0
56.0
61.9
71.0
77.9
92.1

958.1

109.5
130.3
154.4
173.4

100.7
120.5
149.9

10.4
27.8

176.3
210.7
240.5

156.1
147.8
113.2
133.5
146.4

233.4
262.4
270.0
307.9

2,265.4
2,534.7
2,690.9
2,862.5
3,154.6

312.4
360.2
371.4
368.8
395.1

1,952.9
2,174.5
2,319.6
2,493.7
2,759.5

1,799.1
1,982.6
2,120.1
2,325.1
2,537.5

153.8
191.8
199.5
168.7
222.0

7.9
8.8
8.6
6.8
8.0

2,733,6
2,795.8
2,820.4
2,893.6
3,080.1

55.5
44.1
46.4
44.7
24.7

225.0
217.8
287.9
347.5
344.5

128.5
111.3
160.8
210.5
206.6

3262
350.2
360.4
387.7
452.6

3,379.8
3,590.4
3,802.0
4,075.9
4,3802

436.8
459.0
512.5
527.7
591.7

2,943.0
3,131.5
3,289.5
3,548.2
3,788.6

2,753.7
2,944.0
3,147.5
3,392.5
3,622.4

189.3
187.5
142.0
155.7
166.1

6.4
6.0
4.3
4.4
4.4

3,162.1
3,261.9
3,289,6
3,404,,3
3,4712

332.3

-202

-21.2
-14.9

.8
-1.1

203.3
237.9

261.4
240.9
228.9

191.2

93.0
87.9

197.0

490.1

4,679.8

621.0

4,058.8

3,853.1

205.8

5.1

3,538.3

29.6

10.1

322

102

28.9
28.3

10.2
10.4

382.4
390.9
392.9
398.5

42.8
44.1
44.9
46.0

339.5
346.8
348.0
352.4

316.7
322.8
328.4
330.8

22.8
24.0
19.6
21.7

6.7
6.9
5.6
6.2

1,267.7
1,288.4
1,285.1
1,298.2

334.5
340.8

222

6.2
5.4
5.8
5.5

1,309,4
1,314.4
1,314.4
1,313.8

152

50.7
50.9

-.3
.8

-.6
-.9
-.7

53.0
57.8
51.9
50.8

15.2
15.3
15.4
15.5

54.9
50.8
49.8
47.4

-.9
-.6
.5
.3

-.4
-.3
-2
-.1

56.1
51.7
49.4
47.3

31.1
28.7
27.5
26.5

10.8
10.7
11.3
11.8

404.4
408.9

411.1
412.6

47.7
48.7
49.1
49.4

356.7
3602
362.0

363.1

341.0
343.3

41.4
42.2
42.8
43.4

15.6
15.8
15.9
16.1

46.3
50.6
52.8
56.6

-.1
1.0
.3
-2

.1
.4
.4
.3

46.4

25.8

122

272

52.1
56.4

28.8
31.1

12.9
13.4
14.1

49.6
49.9
50.5
51.3

366.8
372.3
378.8
386.9

344.1
349.1
3522
359.7

22.6

492

416.3
422.2
429.4
438.2

26.6
27.3

62
6.2
7.0
7.0

1,328.2
1,347.6
1,362.6
1,3872

12.1
11.7
11.7
12.2

43.9
44.5
44.9
44.9

16.2
16.3
16.6
16.9

59.0
58.3
59.4
61.6

.4
-.1
-.8
.5

3.0
3.1
3.2
3.3

55.5
55.3
56.9
57.8

31.7
31.7
32.7
33.5

13.6
14.5
14.9
15.3

443.7

52.4

451.3
456.5
462.1

542

391.3
397.1

55.5
56.9

400.9
405.2

364.3
370.5
374.9

381.5

27.1
26.6
26.0
23.7

6.9
6.7
6.5
5.9

1,399.0
1,410.9
1,420.6
1,428.8

30.0
30.3
30.9
31.7

11.9
11.5
11.6
12.1

45.0
45.4
46.1
47.0

17.0
17.2
17.0

61.7
65.0

57.3
60.8
62.4
64.1

32.9
34.7
35.6
36.6

15.3
15.7
16.4
16.9

57.4
57.8
58.2
58.6

409.4

67.7

3.4
3.9
4.0
4.4

466.8

172

1.0
.2
-2
-.8

420.4
429.6

385.3
389.9
397.4
402.3

24.1
24.1
23.1
27.3

5.9
5.8
5.5
6.4

1,438.9
1,449.3
1,464.8
1,491.4

32.1
32.9
33.6
34.3

10.7
10.0
10.2
11.7

48.5
49.8
50.5
50.6

17.4
17.3
17.3
17.3

71.9
71.7
72.8
71.9

-2
-.1
-.9
-.7

4.6
4.4
4.7
4.5

67.5
67.5
69.1
68.0

39.7
39.6
40.6
40.1

17.4
17.9
18.6
18.9

497.0
505.7

57.3
53.7
55.6
57.3

439.7
452.0
459.8
467.2

411.9
419.9
429.0
431.7

27.8
32.1
30.7
35.5

6.3
7.1
6.7
7.6

1,519.2
1,555.9
1,576.5
1,597.2

34.9
35.6
36.5
37.5

11.9
12.7
13.2
13.9

51.0
51.6
52.2
53.6

17.6
18.0
18.1
18.3

79.7
81.9
82.9
87.0

-.4

4.9
5.3
5.6
5.4

752
77.7
78.8
83.6

45.8
47.4
48.0
50.7

20.2
21.0
21.6
21.7

534.8
544.8
559.0
572.9

61.1
62.4

612

473.7
482.4
497.8

62.7

510.2

442.5
450.0
459.5
473.8

31.2
32.4
38.4
36.4

6.6
6.7
7.7
7.1

1,607.6
1,630.5
1,672.7
1,703.0

15.6
13.4
13.4
13.6

54.7
54.9
55.5
56.2

18.5
18.3
18.5
18.6

90.2
88.7
87.1
88.3

-12

5.6
5.5
5.6
5.7

85.7
85.9
85.2
83.5

51.8
51.9
51.5
50.5

22.8
23.8
24.7
25.9

584.3
593.9
607.5

66.1
70.2
72.5

4842
489.5
499.0
504.7

34.0
34.2
36.0
41.2

6.6
6.5
6.7
7.6

1,713.0
1,720.2
1,741.2
1,762.9

-.4

80.3
80.0
81.3
85.5

48.1
48.1
49.1
51.4

26.7
27.6
28.5
29.4

631.1
638.6
652.3
664.0

'" 76.0

555.0
562.9
573.4
583.3

509.8

519.8
527.0
534.6

45.3
43.0
46.4
48.6

8.2
7.6
8.1
8.3

1,788.6
1,802.6
1,819.5
1,834.9

83.3
86.7
97.1

5992

553.1
567.1
583.4
592.1

46.1
48.2
39.1
42.0

7.7
7.8
6.3
6.6

1,859.6
1,889.4
1,889.9
1,908.2

35.5
38.5
49.0
50.3

5.6
5.9
7.3
7.3

1,908.5
1,927.9
1,967.8
1,985.6

671.6
678.5

48.9
57.4
60.9
62.9

7.0
8.0
8.3
8.5

1,990.6
2,020.1
2,045.3
2,045.2

562

-1.0

19.5
20.9
19.8

232

1963: 1
||
III
IV

488.7
497.6
504.9

1964: 1
II
Ill
IV

526.1
534.4
544.5
551.4

360.3
367.7
375.0

381.0

341.4
346.7

1965: 1
II
Ill
IV

568.1
579.6
590.7
609.1

387.6
394.4
402.6

352.8
358.8
366.2

414.6

377.1

1966: 1
II
Ill
IV

628.7
637.2
648.5
660.3

426.9

438.1
449.2
457.6

385.7
395.9

406.1
413.4

41.2
42.2
43.1
44.2

1967: 1
II
Ill
IV

664.8
670.7
684.7
699.3

463.9
469.4
479.0
489.8

418.8
423.5
431.9
441.5

45.1
45.8
47.0
48.3

12.5
12.0
12.9
13.3

57.2
57.8
59.0
58.9

19.1
19.7
19.7
19.3

85.4
84.3
85.5
88.6

-1.3
-1.7
-2.8

5.5
5.6
5.9
5.9

1968: 1
II
Ill
IV

715.5

504.5

733.9
749.6
764.9

518.0
531.9
544.5

454.1
465.9
478.3
489.3

50.4
52.1
53.6
55.1

12.6
12.0
12.5
13.6

60.4
62.1
63.3
63.8

18.5
18.3

89.5
93.1
93.2
94.5

-4.7
-2.9
-3.0
-4.1

5.7
5.7
5.5
5.6

88.5
90.3
90.6
93.0

49.9
51.0
51.2
52.7

29.9
30.5
30.5
30.7

682.4
702.0

719.6
735.4

101.3

615.3
622.5
634.1

1969: 1
||
Ill
IV

778.1
791.7
808.0
816.5

556.6
570.4
587.4

499.0

12.8
13.7
14.5
16.8

64.4
64.8
64.9
63.9

17.9
18.3
18.1
17.8

942

-4.9
-5.2
-4.9
-8.4

6.2
6.4
6.6
6.5

93.0

51.7
50.0
48.4
47.4

322
33.1
34.2
35.0

747.4
764.9
783.8
798.7

107.9
111.2
109.5
111.0

639.5
653.7
674.3
687.7

604.0

511.3
526.3
536.4

57.6
59.1
61.0
62.7

1970: 1
II
Ill
IV

819.7
829.5
841.6
843.1

609.5

545.0
549.0
555.6
556.3

64.5
66.0
67.8
69.0

15.5
13.5
14.2
15.0

64.0
64.6
65.8
66.9

17.6
17.7
17.4
18.3

76.3
79.8
79.4
74.5

-8.8
-4.6

78.9
78.7

36.7
39.0
41.4
43.1

808.1
827.9
839.0
849.0

110.4
111.4
106.5
107.6

648.8
659.0

75.9

44.7
44.4
44.9
42.1

697.7

-6.6

62
5.7
5.4
5.2

1971:1

874.4

642.2

654.1
664.5
676.7

570.1
580.2
588.6
598.9

72.2
73.9
75.9
77.7

14.7
14.2
14.6
17.5

67.9
70.1
71.9
73.8

18.0
18.5
18.4
18.0

87.3
89.2
91.1
93.7

-3.6
-4.7
-5.6
-4.5

4.8
4.9
4.9
4.6

86.1
88.9
91.7
93.6

48.8
50.7
54.2
55.7

442

891.3
906.4
925.9

453

866.3
887.8

46.0
46.2

901.3
918.7

104.4
106.9
108.9
114.5

761.9
780.9
792.4
804.2

698.1
712.5
725.3
741.9

63.8
68.4
67.1
62.3

8.4
8.8
8.5
7.7

2.073.9
2,098.0
2,106.6
2,121.1

955.5

701.4
716.9
731.2
755.4

617.8
630.4
642.3 .
664.2

83.6
86.5
88.9
91.3

15.0
16.6
19.9
24.9

75.3
76.3
79.6
82.2

18.6
14.2
16.9
17.4

98.8
99.1

-5.8
-5.8
-5.8
-9.0

5.2
4.6
5.3
5.9

99.4

103.8
110.9

100.4
104.3
114.0

59.4
60.1
62.8
68.3

46.5
47.9
50.1
52.5

945.0
959.7
987.3
1,029.9

129.0
130.9
132.3
135.8

816.0
828.8
855.0
894.1

759.3
777.8
796.3

56.7
51.0
58.7
72.6

6.9
6.1
6.9
8.1

2.129.7
2,149.1
2,193.9
2,272.0

514.7

||
HI
IV ".

1972: 1
II
Ill
IV

971.0
,...

1,001.6
1,043.3




599.1
615.0
623.4
625.2

312.3
316.8
322.2

182
17.9

662

91.4
88.9
84.0

-1.1
-1.5
-1.9
-2.7
-3.6
-1.0

-62

902
872
85.8

802

471.8
478.6
488.1

515.4
524.6

621.1

752
75.7
78.9
80.8

414.0

518.2
523.7
535.0
546.0

716.5
732.5
741.5

615.2
625.3
637.4

821.5

SURVEY OF CURRENT BUSINESS

February 1992 • 35

Table 3.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter

National
income

Total

Wages
and salaries

Supplements to
wages
and salaries

Proprietors' income
with IVA and
CCAdj.
Farm

Nonfarm

Rental
income
of persons
with
CCAdj.

Corporate profits with IVA and CCAdj.

Total

IVA

CCAdj.

Profits
before
tax

Profits
aftertax

Net interest

Personal
income

Less:
Personal
tax and
nontax
payments

Equals:
DPI

Saving
Less:
Equals: as per- DPI in
Personal Personal centage constant
(1987)
saving
outlays
of DPI
dollars

1973: 1
II
Ill
IV

1,080.8
1,098.6
1,127.0
1,171.7

783.5
802.4
821.4
844.0

683.2
700.0
716.1
735.3

100.3
102.4
105.3
108.7

23.4
28.4
32.0
45.1

85.3
82.9
84.1
84.8

16.5
16.5
17.2
18.9

117.9
114.4
115.3
118.2

-16.1
-21.7
-19.0
-23.4

5.7
5.2
5.0
6.1

128.3
130.8
129.3
135.4

79.1
81.2
81.3
85.0

54.1
54.0
57.0
60.8

1,053.7
1,078.6
1,108.5
1,153.9

135.2
136.8
141.9
148.3

918.5
941.8
966.5
1,005.7

846.4
862.0
881.3
898.4

72.1
79.7
85.3
107.3

7.9
8.5
8.8
10.7

2,300.7
2,315.2
2,337.9
2,382.7

1974: 1
II
Ill
IV

1,174.3
1,184.4
1,211.0
1,225.5

861.7
882.1
904.4
917.0

748.1
765.2
783.0
792.4

113.6
117.0
121.4
124.6

32.2
19.5
22.3
28.0

86.3
88.9
91.9
92.2

18.6
16.3
15.9
12.6

109.5
107.0
102.9
98.7

-33.0
-38.3
-51.5
-35.0

4.6
2.7
.5
-3.2

137.8
142.6
153.9
136.9

89.0
91.2
97.1
86.8

66.0
70.6
73.7
77.1

1,165.5
1,185.6
1,223.9
1,247.7

151.1
157.0
162.9
165.4

1,014.3
1,028.5
1,061.0
1,082.3

916.0
944.3
972.3
979.9

98.3
84.2
88.7
102.4

9.7
8.2
8.4
9.5

2,334.7
2,304.5
2,315.0
2,313.7

1975: 1
II

1,224.6
1,251.9
1,311.3
1,353.4

919.4
931.0
957.3
987.1

791.8
800.2
821.2
845.6

127.7
130.8
136.1
141.5

20.3
20.2
26.1
28.2

93.4
95.0
99.0
102.7

13.2
13.9
13.6
13.5

1002
112.6
134.3
140.4

-12.7
-7.3
-12.2
-11.7

-5.6
-7.0
-6.2
-9.6

118.4
126.9
154.7
161.6

75.8
81.0
97.8
103.4

78.1
79.2
81.1
81.6

1,255.1
1,284.7
1,324.8
1,364.5

166.1
129.8
161.9
167.7

1,089.0
1,154.9
1,162.8
1,196.8

1,004.5
1,033.6
1,067.9
1,096.5

84.5
121.3
95.0
100.3

7.8
10.5
8.2
8.4

2 282.5
2,390.3
2,359.4
2,389.4

IV

1,399.9
1,419.4
1,445.4
1,477.2

1 021 9
1,045.5
1,069.6
1,096.2

871 1
889.2
908.3
929.8

1509
156.3
161.3
166.5

21.3
17.5
17.1
17.3

110.1
113.7
115.3
119.4

13.6
12.4
11.4
11.0

151.2
146.0
146.0
145.0

-11.6
-15.5
-15.9
-16.6

-109
-12.2
-12.1
-11.6

1737
173.8
174.1
173.2

1084
109.2
110.0
110.3

818
84.4
85.9
88.3

14007
1,426.4
1,460.5
1,497.6

1716
178.8
185.8
193.2

12291
1,247.7
1,274.7
1,304.4

1,131.7
1,152.0
1,182.1
1,218.1

97.4
95.7
92.6
86.4

7.9
7.7
7.3
6.6

2424.5
2,434.9
2,444.7
2,459.5

1977: 1
II
Ill
IV

1,525.7
1,586.2
1,647.4
1,677.0

1,124.5
1,161.0
1,193.3
1,230.4

949.9
980.8
1,007.3
1,038.0

174.6
180.2
186.0
192.4

17.4
15.3
18.9
16.6

123.7
127.4
131.6
134.8

10.4
9.0
9.9
6.7

155.1
175.4
190.2
182.0

-22.3
-16.0
-10.6
-17.7

-11.6
-11.3
-10.1
-11.0

189.0
202.8
210.8
210.6

121.5
129.7
135.1
134.8

94.7
98.0
103.5
106.5

1,534.6
1,575.0
1,626.8
1,668.8

205.7
206.4
209.1
218.9

1,328.9
1,368.6
1,417.7
1,449.8

1,255.6
1,284.7
1,317.0
1,356.2

73.4
83.9
100.7
93.7

5.5
6.1
7.1
6.5

2,463.0
2,490.3
2,541.0
2,556.2

1978: 1

II
III

1,715.4
1,813.4
1,863.2
1,927.1

1,265.8
1,316.1
1,352.8
1,397.5

1,063.1
1,106.7
1,137.9
1,176.1

202.7
209.4
214.9
221.4

17.3
23.7
23.4
21.7

137.9
146.1
148.0
152.6

8.2
7.7
10.0
9.8

174.4
201.8
206.2
216.4

-22.3
-24.9
-24.6
-28.4

-11.7
-12.8
-13.8
-14.3

208.4
239.5
244.5
259.1

137.5
154.0
158.0
167.8

111.8
118.1
122.9
129.1

1,712.3
1,783.6
1,838.8
1,896.8

222.3
233.4
246.9
258.0

1,490.0
1,550.2
1,592.0
1,638.8

1,387.5
1,447.9
1,482.6
1,522.1

102.6
102.3
109.4
116.7

6.9
6.6
6.9
7.1

2,587.3
2,631.9
2,653.2
2,680.9

1979: 1
II
Ill
IV

1,969.6
2,010.2
2,063.6
2,112.4

1,441.5
1,474.2
1,514.2
1,555.7

1,209.5
1,236.6
1,270.2
1,304.8

232.0
237.6
243.9
250.9

27.0
24.3
24.9
22.8

151.2
156.0
160.9
160.0

8.1
6.7
7.9
10.7

204.8
204.7
203.0
197.6

-37.3
-41.7
-45.2
-42.2

-15.3
-17.2
-18.2
-18.6

257.3
263.5
266.4
258.4

168.2
174.1
178.1
173.4

136.9
144.3
152.8
165.6

1,947.9
1,995.1
2,063.8
2,125.7

264.6
273.0
286.1
297.1

1,683.4
1,722.2
1,777.7
1,828.6

1,563.6
1,599.7
1,653.9
1,701.4

119.7
122.5
123.9
127.2

7.1
7.1
7.0
7.0

2,699.2
2,697.6
2,715.3
2,728.1

1980:1

2,163.4
2,136.8
2,189.7
2,302.9

1,596.5
1,617.8
1,649.6
1,713.6

1,337.7
1,353.9
1,379.9
1,434.9

258.8
264.0
269.7
278.7

14.2
.9
11.3
19.7

161.5
157.5
158.4
163.7

13.6
9.1
12.6
17.4

196.6
163.5
167.5
183.0

-54.4
-35.0
-43.0
-39.7

-19.6
-20.4
-20.7
-20.1

270.6
218.9
231.2
242.8

174.3
144.5
151.0
154.6

180.9
187.9
190.3
205.6

2,190.5
2,206.0
2,281.9
2,383.2

296.8
304.9
315.7
332.3

1,893.7
1,901.1
1,966.1
2,050.9

1,751.9
1,755.3
1,813.4
1,875.9

141.8
145.8
152.8
175.0

7.5
7.7
7.8
8.5

2,742.9
2,692.0
2,722.5
2,777.0

2,378.7
2,400.3
2,475.7
2,475.3

1,766.0
1,797.3
1,835.0
1,863.6

2926
297.0
302.2
307.6

22.8
23.3
22.3
16.4

166.8
158.7
157.9
155.1

21.3
20.1
20.1
21.9

189.8
176.4
191.8
170.1

-39.4
-25.9
-18.9
-18.6

-21.5
-21.0
-20.3
-21.9

250.7
223.3
231.0
210.6

159.5
143.7
147.6
140.3

212.0
224.6
248.6
248.2

2,453.9
2,497.5
2,580.2
2,607.1

344.4
356.9
371.7
367.9

2,109.5
2,140.6
2,208.5
2,239.2

1,929.8
1,964.5
2,009.4
2,026.8

179.7
176.1
199.1
212.3

8.5
8.2
9.0
9.5

2,783.7
2,776.7
2,814.1
2,808.8

1982- 1
II
Ill
IV

2,474.3
2,524.1
2,540.2
2,551.5

1,887.8
1,908.1
1,927.6
1,940.4

1,473.4
1,500.3
1,532.8
1,556.0
1,572.1
1,586.9
1,602.3
1,611.8

315.7
321.2
325.3
328.6

15.8
16.2
11.5
10.2

144.1
156.4
158.9
169.6

21.2
20.0
22.4
24.1

146.1
152.4
157.1
150.3

-12.0
-9.4
-9.8
-8.6

-19.4
-17.1
-13.4
-9.6

177.4
178.9
180.3
168.6

114.4
114.0
114.6
109.9

259.3
271.0
262.6
256.8

2,626.7
2,679.9
2,710.4
2,746.8

370.2
376.5
366.8
372.1

2,256.5
2,303.4
2,343.6
2,374.7

2,065.2
2,089.9
2,134.3
2,190.9

191.3
213.5
209.3
183.8

8.5
9.3
8.9
7.7

2,795.0
2,824.8
2,829.0
2,832.6

1983: 1
II
Ill
IV

2,605.5
2,691,4
2,751.8
2,834.3

1,966.4
2,003.9
2,046.1
2,101.2

1,629.0
1,661.6
1,698.9
1,747.3

337.4
342.3
347.1
353.9

7.5
3.2
-7.5
6.3

170.8
182.4
190.0
193.8

23.5
23.3
19.3
222

177.5
214.6
229.5
229.1

.6
-8.4
-18.5
-7.6

3.4
11.1
14.3
12.9

173.5
211.9
233.7
223.8

113.6
133.0
145.7
141.6

259.7
263.9
274.5
281.8

2,772.2
2,832.7
2,879.4
2,965.8

366.4
375.4
361.8
371.6

2,405.8
2,457.3
2,517.6
2,594.3

2,226.6
2,298.1
2,357.6
2,417.9

179.2
159.2
160.0
176.3

7.4
6.5
6.4
6.8

2,843.6
2,867.0
2,903.0
2,960.6

1984:1
II
Ill
IV

2,972.9
3,037.4
3,088.3
3,134.4

2,160.9
2,208.3
2,250.3
2,288.1

1,791.4
1,833.7
1,871.1
1,903.9

369.5
374.7
379.2
384.2

31.4
15.2
16.7
21.9

205.1
216.3
219.6
217.7

22.8
22.3
24.0
24.3

264.1
270.8
260.5
261.3

-13.9
-7.0
1.1
3.5

19.5
23.7
30.2
37.7

258.5
254.0
229.3
220.1

155.1
152.6
141.8
136.3

288.7
304.5
317.2
321.1

3,062.1
3,121.7
3,192.1
3,242.5

378.3
387.5
401.2
41314

2,683.9
2,734.2
2,791.0
2,829.1

2,466.4
2,521.1
2,556.2
2,606.5

217.4
213.1
234.8
222.6

8.1
7.8
8.4
7.9

3,033.2
3,065.9
3,102.7
3,118.5

1985: 1
II
Ill
IV
1986: 1
II
III
(V

3,198.0
3,243.9
3,289.7
3,341.9
3,397.4
3,423.5
3,444.9
3,486.0

2,328.6
2,362.8
2,397.3
2,442.5
2,477.5
2,499.9
2,535.2
2,582.5

1,938.7
1,968.4
1,998.9
2,039.1
2,067.4
2,085.4
2,115.0
2,153.9

389.9
394.4
398.4
403.3
410.2
414.5
420.2
428.6

28.0
25.9
14.4
17.8
12.8
32.1
20.6
23.6

229.1
233.1
240.3
250.9

266.8
277.0
294.3
284.9
290.1
268.7
263.1
264.6

-3.2
2.4
5.6
-3.8

49.2
56.7
59.2
56.9

220.8
218.0
229.5
231.8

125.2
124.8
129.8
134.2

323.5
323.4
326.1
331.9

3,313.0
3,358.0
3,391.3
3,456.7

450.1
407.1
441.1
448.8

2,862.9
2,950.9
2,950.2
3,007.9

2,672.4
2,722.1
2,791.6
2,828.7

190.5
228.8
158.6
179.2

6.7
7.8
5.4
6.0

3,123.6
3,189.6
3,156.5
3,178.7

258.9
260.3
265.8
260.9

22.1
21.6
17.3
14.0
12.2
10.7
7.0
4.7

27.7
15.4
6.6
-10.7

50.9
44.7
41.1
39.6

211.5
208.6
215.4
235.7

109.2
106.0
111.0
119.2

345.8
351.9
353.3
349.7

3,521.4
3,580.7
3,612.0
3,647.8

445.8
450.2
461.4
478.5

3,075.5
3,130.5
3,150.6
3,169.3

2,876.2
2,905.4
2,976.2
3,018.2

199.3
225.1
174.4
151.1

6.5
7.2
5.5
4.8

3,227.5
3,281.4
3,272.6
3,266.2

1987: 1 ,.,.,
II
III
IV

3,572.3
3,645.9
3,722.3
3,828.8

2,627.3
2,665.5
2,716.6
2,785.1

2,196.9
2,232.3
2,278.9
2,336.7

430.4
433.2
437.7
448.4

34.1
27.9
20.7
42.4

273.6
277.3
282.3
282.6

2.2
1.3
2.4
6.8

282.6
315.6
338.0
343.3

-10.0
-13.9
-16.1
-17.8

41.6
45.1
49.2
49.9

251.0
284.4
304.9
311.2

140.2
157.9
169.1
176.0

352.5
358.2
362.3
368.6

3,715.8
3,759.5
3,814.2
3,918.5

474.0
535.5
511.8
528.6

3,241.9
3,224.0
3,302.4
3,389.9

3,057.4
3,125.5
3,187.1
3,220.1

184.5
98.5
115.2
169.8

5.7
3.1
3.5
5.0

3,295.2
3,241.7
3,285.7
3,335.8

1988: 1
II
Ill
IV

3,888.8
3,966.3
4,027.6
4,127.6

2,834.6
2,895.4
2,950.2
3,004.9

2,371.5
2,422.9
2,467.0
2,510.6

463.1
472.5
483.2
494.3

35.4
34.1
23.1
30.9

285.5
292.0
293.8
302.5

6.2
4.1
4.2
2.8

352.1
364.2
365.3
378.3

-18.8
-26.1
-32.6
-31.7

48.8
47.4
44.8
37.9

322.1
342.9
353.0
372.2

195.5
207.2
213.4
226.0

374.9
376.5
391.1
408.1

3,967.7
4,037.9
4,102.9
4,195.2

510.8
530.4
527.7
542.0

3,456.8
3,507.6
3,575.2
3,653.2

3,294.8
3,355.7
3,422.8
3,496.7

162.0
151.8
152.4
156.4

4.7
4.3
4.3
4.3

3,380.1
3,386.3
3,407.5
3,443.1

1989: 1
II
Ill
IV

4,202.6
4,230.9
4,244.7
4,300.5

3,051.8
3,081.0
3,114.9
3,157.4

2,547.8
2,569.4
2,595.8
2,630.2

503.9
511.6
519.1
527.2

51.5
43.8
29.6
41.0

305.5
303.2
303.2
310.2

-2.2
-6.5
-10.3
-12.5

366.2
361.0
345.0
334.7

-37.6
-15.7
-3.3
-13.5

33.2
28.7
21.4
15.4

370.5
347.9
326.9
332.8

221.3
206.2
195.7
203.0

429.9
448.4
462.4
469.6

4,303.8
4,351.7
4,390.9
4,474.4

574.3
597.6
591.8
602.9

3,729.5
3,754.2
3,799.1
3,871.4

3,536.5
3,594.2
3,657.7
3,701.3

193.0
160.0
141.4
170.1

5.2
4.3
3.7
4.4

3,473.9
3,450.9
3,466.9
3,493.0

1990: 1
II
Ill
IV

4,395.5
4,461.0
4,475.2
4,506.8

3,216.1
3,279.9
3,325.3
3,340.0

2,675.9
2,731.6
2,769.9
2,778.3

540.1
548.3
555.4
561.6

50.9
45.3
32.4
41.2

324.9
328.8
336.5
332.7

-14.2
-17.3
-10.4
-9.5

340.2
339.8
299.8
296.1

-6.6
3.8
-32.6
-21.2

10.2
4.4
-2.7
-8.8

336.6
331.6
335.1
326.1

199.1
193.7
196.3
199.0

477.5
484.5
491.8
506.4

4,580.6
4,654.7
4,719.3
4,764.7

606.6
622.7
627.5
627.2

3,974.0
4,032.0
4,091.8
4,137.5

3,777.4
3,816.2
3,896.2
3,922.5

196.6
215.9
195.6
215.0

4.9
5.4
4.8
5.2

3,531.4
3,545.3
3,547.0
3,529.5

Ill
IV
1976: 1

III '"!.'."

iv !!!!'.!!!!

||
III
IV

1981:1

III '""I"
IV

NOTE—IVA=lnventory valuation adjustment; CCAdj.=CapitaI consumption adjustment; DPI=Disposable personal
income.




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