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SURVEY OF CURRENT BUSINESS

January 1987

National Income and Product Accounts Tables
New estimates in this issue: Fourth quarter and annual 1986, preliminary ( p ).
Estimates for 1929-82 are in The National Income and Product Accounts, 1929-82: Statistical Tables (Stock No. 003-010-00174-7, price
$23.00). Estimates for 1983-85 are in the July 1986 SURVEY. These publications are available from the Superintendent of Documents and Commerce Department District Offices; see addresses inside front cover.
The full set of National Income and Product Accounts estimates shown regularly in this part of the SURVEY are 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

Seasonally adjusted at annual rates

1985

1986"

1985
III

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

1985

1986
IV

I

III

II

2,600.5 2,762.4 2,627.1 2,667.9 2,697.9 2,732.0 2,799.8 2,819.9
359.3 388.3 373.3 362.0 360.8 373.9 414.5
404.2
905.1
932.7 907.4 922.6 929.7 928.4 932.8 940.0
1,336.1 1,441.3 1,346.4 1,383.2 1,407.4 1,429.8 1,452.4 1,475.7
661.1

686.4

657.4

669.5

708.3

687.3

675.8

674.5

650.0
458.2
154.8

675.1
458.5
143.6

654.3
459.8
155.0

672.6
474.0
157.2

664.4
459.2
154.6

672.8
457.5
141.5

680.3
459.0
139.5

682.7
458.1
138.6

303.4
191.8

314.9
216.6

304.7
194.5

316.8
198.6

304.6
205.3

316.0
215.3

319.5
221.3

319.5
224.6

11.1
12.2
-1.1

11.4
11.8
— 4

3.1
3.2
1

31
16.7
199

43.8
41.2
2.7

14.5
10.5
3.9

45
103
5.8

83
5.7
13 9

-78J -105.7 -83.7

105 3

937

104 5

108 9

1156

369.8
448.6

373.0
478.7

362.3
446.0

368.2
473.6

374.8
468.5

363.0
467.5

370.8
479.7

383.4
499.0

815.4

865.3

829.7

855.8

836.7

860.8

874.0

354.1
259.4
94.7
461.3

367.2
278.4
88.9
498.1

360.9
265.5
95.5
468.8

380.9
268.0
112.9
474.7

355.7
266.4
89.3
480.9

367.6
278.4
89.2
493.3

1

369.3
286.8
82.6
504.7

III

IV"

3,998.1 4,208.5 4,030.5 4,087.7 4,149.2 4,175.6 4,240.7 4,268.4

889.7
l

-376.3
281.9
94.4
513.3

Gross national product

1986

1985

1986"

IV

I

IV"

III

II

3,585.2 3,676.5 3,603.8 3,622.3 3,655.9 3,661.4 3,686.4 3,702.4

Personal consumption
expenditures

2,324.5 2,418.6 2,342.0 2,351.7 2,372.7 2,408.4 2,448.0 2,445.1

Durable goods
Nondurable goods
Services.. ..

391.6
381.3
343.9 368.9 357.4 347.0 345.4 357.1
872.4 843.8 847.2 860.6 877.3 875.4 876.2
841.6
1,139.0 1,177.3 1,140.8 1,157.5 1,166.6 1,174.0 1,181.0 1,187.6

Gross private domestic
investment.
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Farm
Net exports of goods and
services
Exports
Imports
Government purchases of goods
and services
Federal
National defense
Nondefense
State and local

647.7

659.7

643.8

653.2

684.0

664.7

651.3

638.8

638.6
461.4
152.2

648.9
455.0
134.7

643.1
463.1
152.3

658.4
476.9
152.4

644.1
457.8
148.1

649.6
456.8
132.9

651.6
454.4
129.5

650.3
451.0
128.4

309.2
177.2

320.3
193.9

310.9
180.0

324.5
181.5

309.7
186.3

323.9
192.7

324.9
197.2

322.6
199.3

9.0
10.9
-1.9

10.8
10.9
-.1

.7 -5.2
1.4
16.1
-.7 -21.3

39.9
37.0
2.9

15.1
11.0
4.1

.3
86
8.3

11.5
4.2
157

1259

153 9

163.3

155.6

362.3
470.5

371.3
521.0

355.8
469.6

362.9
494.8

369.2
495.1

359.8
513.6

371.2
534.5

385.3
540.8

721.2

748.0

731.8

749.4

725.2

742.2

750.4

774.1

323.6
235.7
87.8
397.6

333.4
251.0
82.4
414.5

329.9
242.2
87.6
401.9

347.2
239.3
107.9
402.2

320.4
238.7
81.7
404.8

328.9
249.3
79.5
413.3

330.9
259.4
71.5
419.5

353.5
256.5
97.0
420.6

-108.2 -149.7 -113.8 -132.0

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

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

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

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

[Billions of dollars]

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

1985

III

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

Seasonally adjusted at annual rates

1986

1985

1986"

IV

I

II

1985
III

IV"

3,998.1 4,208.5 4,030.5 4,087.7 4,149.2 4,175.6 4,240.7 4,268.4
3,987.0 4,197.1 4,027.4 4,090.8 4,105.4 4,161.2 4,245.2 4,276.7
45
11.1
11.4
83
14.5
31
3.1
43.8
1,630.2 1,673.0 1,642.7 1,644.1 1,669.0 1,661.5 1,680.2 1,681.1
1,619.1 1,661.6 1,639.7 1,647.2 1,625.2 1,647.1 1,684.7 1,689.4

-3.1

43.8

14.5

-4.5

-8.3

709.1
699.6

710.6
682.0

703.1
703.2

730.1
745.7

735.0
731.1

"11.1

11.4

Durable goods
Final sales
Change in business
inventories

700.2
693.6

719.7
715.5

9.5

28.6

1

156

3.9

Nondurable goods
Final sales
Change in business

930.0
925.5

953.3
946.1

932.5
926.7

935.0
947.7

958.4
943.1

958.5
943.9

950.1
939.0

946.1
958.3

4.5

7.2

5.8

127

15.3

14.6

11.1

Services
Structures

6.6

3.1

710.3
713.0

4.2 "' ~ 27

-12.2

1,959.8 2,105.5 1,971.9 2,025.5 2,057.7 2,087.4 2,125.2 2,151.7
408.1
418.1 422.6 426.7 435.3 435.7
430.0 415.9

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




1985

1986"

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

II

III

IV"

.7 -5.2
9.0
10.8
-.3 -11.5
15.1
39.9
1,533.2 1,569.0 1,544.2 1,541.7 1,563.6 1,562.8 1,568.0 1,581.6
1,524.2 1,558.2 1,543.6 1,546.9 1,523.7 1,547.6 1,568.3 1,593.2
9.0

10.8

675.8
670.0

703.2
699.6

5.9

3.7

Nondurable goods
Final sales
Change in business
inventories

857.4
854.2

865.8
858.6

Structures

I

3,585.2 3,676.5 3,603.8 3,622.3 3,655.9 3,661.4 3,686.4 3,702.4
3,576.2 3,665.7 3,603.1 3,627.5 3,616.1 3,646.3 3,686.7 3,713.9

Durable goods
Final sales
Change in business
inventories

Services

1986
IV

III

,-

.7

52

39.9

15.1

3

115

686.5
689.3

688.7
680.2

688.6
662.6

687.5
688.3

714.2
728.6

722.6
718.7

-2.9
857.8
854.2

8.4

26.0

853.0
866.7

875.0
861.1

-.7 -14.4

875.2
859.4

853.8
839.7

3.9

859.0
874.4

3.2
7.1
14.1 -15.4
13.9
15.9
3.5 —13.6
1,667.6 1,718.1 1,668.7 1,692.1 1,703.0 1,712.0 1,727.2 1,730.5

384.4

389.4

390.9

388.5

389.4

386.6

391.3

390.3

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