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SURVEY OF CURRENT BUSINESS

February 1987

National Income and Product Accounts Tables
New estimates in this issue: Fourth quarter and annual 1986, revised ( r ).
Estimates for 1929-82 are in The National Income and Product Accounts, 1929-82: Statistical Tables (GPO 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

1985

1986r

1985
III

Gross national product
Personal consumption
expenditures

Seasonally adjusted at annual rates

1986
IV

I

II

1985

ivr

III

3,998.1 4,206.5 4,030.5 4,087.7 4,149.2 4,175.6 4,240.7 4,260.6
2,600.5 2,763.1 2,627.1 2,667.9 2,697.9 2,732.0 2,799.8 2,822.5
359.3 388.4 373.3 362.0 360.8 373.9 414.5 404.3
905.1 932.7 907.4 922.6 929.7 928.4 932.8 939.7
1,336.1 1,442.0 1,346.4 1,383.2 1,407.4 1,429.8 1,452.4 1,478.5

Durable goods
Nondurable goods
Services
Gross private domestic
investment

661.1

657.4

669.5

708.3

687.3

675.8

665.3

676.3
459.3
143.1

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

687.8
461.4
136.8

303.4
191.8

316.2
217.0

304.7
194.5

316.8
198.6

304.6
205.3

316.0
215.3

319.5
221.3

324.6
226.3

11.1
12.2
-1.1

Net exports of goods and
services

684.1

650.0
458.2
154.8

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

7.8
8.3
-.5

3.1
3.2
1

-3.1
16.7
199

43.8
41.2
2.7

14.5
10.5
3.9

-4.5 -22.5
83
103
5.8 -14.2

-78.9 -105.2 -83.7 -105.3 -93.7 -104.5 -108.9 -113.6
369.8 372.3 362.3 368.2 374.8 363.0 370.8 380.7
448.6 477.5 446.0 473.6 468.5 467.5 479.7 494.3

Exports
Imports .*
Government purchases of goods
and services

815.4

864.5

829.7

855.6

836.7

860.8

874.0

886.5

354.1
259.4
94.7
461.3

Federal
National defense
Nondefense .
State and local

1986r

366.6
278.1
88.6
497.9

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

369.3
286.8
82.6
504.7

374.0
280.7
93.3
512.5

1985
III

Durable goods
Nondurable goods .
Services

I

II

III

IV r

3,585.2 3,675.5 3,603.8 3,622.3 3,655.9 3,661.4 3,686.4 3,698.3

Gross national product
Personal consumption
expenditures

1986
IV

2,324.5 2,419.1 2,342.0 2,351.7 2,372.7 2,408.4 2,448.0 2,447.4
343.9 368.9 357.4 347.0 345.4 357.1 391.6 381.4
. . 841.6
872.1 843.8 847.2 860.6 877.3 875.4 874.9
1,139.0 1,178.2 1,140.8 1,157.5 1,166.6 1,174.0 1,181.0 1,191.0

Gross private domestic
investment

647.7

643.8

653.2

684.0

664.7

651.3

631.7

650.3
456.2
134.4

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

656.1
455.9
127.1

309.2
177.2

321.8
194.1

310.9
180.0

324.5
181.5

309.7
186.3

323.9
192.7

324.9
197.2

328.8
200.2

9.0
10.9
-1.9

Net exports of goods and
services

657.9

638.6
461.4
152.2

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

7.6
7.9
-.3

.7 -5.2
1.4
16.1
-.7 -21.3

39.9
37.0
2.9

15.1
11.0
4.1

-108.2 -148.6

Federal
National defense
Nondefense
State and local

132.0 -125.9 -153.9 -163.3 -151.1
369.2 359.8 371.2 383.2
495.1
513.6 534.5 534.2

362.9
494.8

747.0

731.8

749.4

725.2

742.2

750.4

770.3

332.7
250.5
82.2
414.3

.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

350.5
254.4
96.1
419.7

370.8
519.4

721.2
323.6
235.7
87.8
397.6

Government purchases of goods
a n d services . . .

113.8
355.8
469.6

362.3
470.5

Exports
Imports

-.3 -24.4
-7.9
-8.6
16.5
8.3

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

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

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

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

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1985

1986r
III

Gross national product
Final sales
Change in business

Nondurable goods
Final sales
Change in business
Services

IV

I

II

III

3,998.1 4,206.5 4,030.5 4,087.7 4,149.2 4,175.6 4,240.7 4,260.6
3,987.0 4,198.7 4,027.4 4,090.8 4,105.4 4,161.2 4,245.2 4,283.1

11.1
. . ..

7.8

3.1

-3.1

43.8

14.5

703.5
696.9

716.8
717.5

713.3
716.0

711.8
702.3

710.6
682.0

703.1
703.2

-4.5 -22.5
730.1
745.7

723.4
739.1

.1 -15.6

-15.8

6.6

-.7

-2.7

9.5

28.6

926.7
922.2

954.6
946.0

929.4
923.7

932.3
945.0

958.4
943.1

958.5
943.9

950.1
939.0

951.3
958.0

4.5

8.5

5.8 -12.7

15.3

14.6

11.1

6.7

1,959.8 2,105.4 1,971.9 2,025.5 2,057.7 2,087.4 2,125.2 2,151.2
418.1 422.6 426.7 435.3 434.7
408.1 429.8 415.9

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




1986r

IVr

-4.5
225
43.8
14.5
7.8
3.1 -3.1
11.1
1,630.2 1,671.4 1,642.7 1,644.1 1,669.0 1,661.5 1,680.2 1,674.7
1,619.1 1,663.5 1,639.7 1,647.2 1,625.2 1,647.1 1,684.7 1,697.2

Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories

1985

1986

1985

1985
III

Final sales
Change in business
inventories

Change in business
inventories
Services
Structures

II

IV

III

15.1
-.3 -24.4
9.0
.7 -5.2
7.6
39.9
1,533.2 1,568.1 1,544.2 1,541.7 1,563.6 1,562.8 1,568.0 1,578.0
1,524.2 1,560.5 1,543.6 1,546.9 1,523.7 1,547.6 1,568.3 1,602.5

Goods....

Nondurable goods

I

3,585.2 3,675.5 3,603.8 3,622.3 3,655.9 3,661.4 3,686.4 3,698.3
3,576.2 3,667.9 3,603.1 3,627.5 3,616.1 3,646.3 3,686.7 3,722.7

Gross national product
Final sales
Change in business
inventories

Durable goods
Final sales
Change in business
inventories

1986
IV

9.0

..

7.6

.7

52

39.9

15.1

679.0
673.2

700.5
701.4

689.4
692.3

691.3
682.8

688.6
662.6

687,5
688.3

.3 -24.4

714.2
728.6

711.9
726.3

5.9

-.9

-2.9

8.4

26.0

-.7

14.4

14.4

854.2
851.1

867.5
859.1

854.8
851.3

850.4
864.0

875.0
861.1

875.2
859.4

853.8
839.7

866.2
876.2

15.9
14.1 -10.0
3.5 -13.6
13.9
8.5
3.2
1,667.6 1,718.3 1,668.7 1,692.1 1,703.0 1,712.0 1,727.2 1,731.1
• •• 384.4 389.1 390.9 388.5 389.4 386.6 391.3 389.1

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