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SURVEY OF CURRENT BUSINESS

10

April 1987

National Income and Product Accounts Tables
New estimates in this issue: First quarter 1987, preliminary (p); for corporate profits and related items, fourth quarter and annual 1986,
revised.
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 now available on diskette for
$240 per year (12 updates). For more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1.—Gross National Product

Table 1.2.—Gross National Product in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

1985

1986

1985
I

IV

Gross national product
Personal consumption
expenditures
. Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
,
Farm
,
Net exports of goods and
services
...
Exports
Imports
Government purchases of goods
and services
Federal
National defense
Nondefense
State and local

II

Seasonally adjusted at annual rates

1987

1986
III

IV

2,600.5 2,762.5 2,667.9 2,697.9 2,732.0 2,799.8 2,820.4 2,854.3
385.4
403.1
359.3 388.1 362.0 360.8 373.9 414.5
932.7 922.6 929.7 928.4 932.8 940.1 962.8
905.1
1,336.1 1,441.7 1,383.2 1,407.4 1,429.8 1,452.4 1,477.2 1,506.1
661.1
650.0
458.2
154.8

683.6
677.0
460.0
143.3

669.5
672.6
474.0
157.2

708.3
664.4
459.2
154.6

687.3
672.8
457.5
141.5

675.8
680.3
459.0
139.5

663.2
690.3
464.3
137.5

704.8
672.0
447.0
130.2

303.4
191.8

316.7
217.0

316.8
198.6

304.6
205.3

316.0
215.3

319.5
221.3

326.8
226.0

316.8
225.0

11.1
12.2
-1.1

6.7 -3.1
7.7
16.7
-1.0 -19.9

43.8
41.2
2.7

-4.5 -27.1
14.5
10.5 -10.3 -10.8
5.8 -16.3
3.9

32.7
30.1
2.6

-78.9 -104.3 -105.3 -93.7 -104.5 -108.9 -110.2 -112.0
369.8 373.0 368.2 374.8 363.0 370.8 383.5 384.8
448.6 477.3 473.6 468.5 467.5 479.7 493.7 496.8
864.2
366.2
277.6
88.6
498.0

855.6
380.9
268.0
112.9
474.7

836.7
355.7
266.4
89.3
480.9

860.8
367.6
278.4
89.2
493.3

874.0
369.3
286.8
82.6
504.7

885.3
372.1
278.8
93.3
513.2

1986

P

3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2

815.4
354.1
259.4
94.7
461.3

1985

892.1
369.2
288.0
81.2
522.9

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

1985

1987

1986
I

IV

Gross national product
3,585.2 3,674.9 3,622.3 3,655.9
Personal consumption
expenditures
2,324.5 2,418.7 2,351.7 2,372.7
Durable goods
343.9 368.6 347.0 345.4
Nondurable goods
841.6
872.1 847.2 860.6
1,139.0 1,178.0 1,157.5 1,166.6
Services
Gross private domestic
investment
647.7 657.2 653.2 684.0
Fixed investment
638.6 650.7 658.4 644.1
456.7 476.9 457.8
Nonresidential
461.4
152.2
134.5
152.4
148.1
Structures
Producers' durable
equipment
''.
309.2 322.1
324.5 309.7
Residential . . .
177.2
194.0
181.5 186.3
Change in business
39.9
6.6
52
inventories
9.0
7.4
16.1
37.0
Nonfarm
10.9
2.9
Farm.. .
.9
213
19
Net exports of goods and
services
108.2
147.8 -132.0 -125.9
362.3 371.5 362.9 369.2
Exports
Imports
470.5 519.3 494.8 495.1
Government purchases of goods
and services
721.2
746.8 749.4 725.2
Federal
323.6 332.2 347.2 320.4
National defense
235.7 250.0 239.3 238.7
82.2
81.7
Nondefense
87.8
107.9
397.6 414.6
402.2 404.8
State and local

II

III

IV

P

3,661.4 3,686.4 3,696.1 3,735.2
2,408.4 2,448.0 2,445.8 2,443.1
380.4 362.5
357.1 391.6
877.3 875.4 875.1 877.7
1,174.0 1,181.0 1,190.2 1,202.9
664.7
649.6
456.8
132.9

651.3
651.6
454.4
129.5

629.0
657.4
457.8
127.7

669.4
638.4
442.4
120.4

323.9
192.7

324.9
197.2

330.1
199.7

321.9
196.0

-.3 -28.5
-9.8
-8.6
8.3 -18.7

31.0
27.7
3.4

15.1
11.0
4.1

-153.9 -163.3 -148.0 -134.2
385.8 384.2
359.8 371.2
513.6 534.5 533.8 518.4
742.2
328.9
249.3
79.5
413.3

750.4
330.9
259.4
71.5
419.5

769.3
348.6
252.5
96.1
420.7

756.9
332.3
258.4
73.9
424.6

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

1986

IV

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

1987

1986

1985
I

II

III

IV

P

3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2
3,987.0 4,199.4 4,090.8 4,105.4 4,161.2 4,245.2 4,285.8 4,306.4

32.7
14.5
-4.5 -27.1
43.8
6.7
31
11.1
1,630.2 1,670.5 1,644.1 1,669.0 1,661.5 1,680.2 1,671.2 1,716.9
1,619.1 1,663.8 1,647.2 1,625.2 1,647.1 1,684.7 1,698.3 1,684.1
11.1
703.5
696.9

6.7
716.8
717.8

-3.1
711.8
702.3

43.8
710.6
682.0

14.5
703.1
703.2

6.6
926.7
922.2

10
953.7
946.0

9.5
932.3
945.0

28.6
958.4
943.1

958.5
943.9

4.5 -27.1
723.5
730.1
745.7 740.4

32.7
743.0
718.1

16.9
947.8
957.9

24.9
973.9
966.0

-.1 -15.6
950.1
939.0

7.9
11.1 -10.2
14.6
127
15.3
4.5
7.7
1,959.8 2,105.6 2,025.5 2,057.7 2,087.4 2,125.2 2,152.1 2,193.0
408.1
430.0 418.1 422.6 426.7 435.3 435.3 429.3

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




1985

1986

IV

1987

1986

1985
I

3,585.2 3,674.9 3,622.3 3,655.9
Gross national product
Final sales
. . .
. .. 3,576.2 3,668.4 3,627.5 3,616.1
Change in business
6.6 -5.2
39.9
9.0
inventories
Goods
.
. .. 1,533.2 1,567.1 1,541.7 1,563.6
1,524.2 1,560.5 1,546.9 1,523.7
Final sales
Change in business
9.0
52
39.9
inventories
6.6
688.6
679.0 700.2 691.3
Durable goods
673.2 701.4
682.8 662.6
Final sales
Change in business
8.4
26.0
5.9 -1.2
inventories
854.2 866.9 850.4 875.0
Nondurable goods
Final sales
, 851.1 859.1 864.0 861.1
Change in business
13.9
7.7 -13.6
3.2
inventories
Services
1,667.6 1,718.6 1,692.1 1,703.0
Structures
384.4 389.3 388.5 389.4

II

III

IV

IP

3,661.4 3,686.4 3,696.1 3,735.2
3,646.3 3,686.7 3,724.5 3,704.1

15.1
-.3 -28.5
31.0
1,562.8 1,568.0 1,574.1 1,606.1
1,547.6 1,568.3 1,602.6 1,575.1
15.1
687.5
688.3

.3 -28.5
714.2
710.7
728.6 726.2

7 -14.4
853.8
839.7

875.2
859.4

155
863.4
876.4

31.0
730.4
708.1
22.3
875.7
867.0

8.7
14.1 -13.0
15.9
1,712.0 1,727.2 1,732.2 1,748.7
386.6 391.3 389.7 380.3

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