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May 1987

SURVEY OF CURRENT BUSINESS
National Income and Product Accounts Tables

New estimates in this issue: First quarter 1987, 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 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

1986
I

IV

II

III

rv

Gross national product,
3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7
Personal consumption
expenditures
2,600.5 2,762.5 2,667.9 2.697.9 2,732.0 2,799.8 2,820.4
Durable goods .
403.1
359.3 388.1 362.0 360.8 373.9 414.5
Nondurable goods
.....
905.1
932.7 922.6 929.7 928.4 932.8 940.1
Services
.,
,...,...,, 1,336.1 1,441.7 1,383.2 1,407.4 1,429.8 1,452.4 1,477.2
Gross private domestic
investment
...
661.1 683.6 669.5 708.3 687.3 675.8 663.2
Fixed investment
.
650.0 677.0 672.6 664.4 672.8 680.3 690.3
Nonresidential
458.2 460.0 474.0 459.2 457.5 459.0 464.3
Structures
157.2
154.6
154.8 143.3
141.5 139.5 137.5
Producers' durable
equipment
...
303.4 316.7
316.8 304.6 316.0 319.5 326.8
221,3
226.0
198.6
205.3 215.3
191.8 217.0
Change in business
43.8
4 5 -27.1
11.1
6.7
31
14.5
Nonfarm
12.2
16.7
41.2
103 -10.8
.7.7
10.5
11
Farm
2.7
5.8 -16.3
10
19 9
3.9
Net exports of goods and
services
-78.9 104.3 105.3
93.7
104.5
1089 -110.2
Exports
369.8 373.0 368.2 374.8 363.0 370.8 383.5
479.7 493.7
Imports
448.6 477.3 473.6 468.5 467.5
Government purchases of goods
and services
,.., 815.4
864.2 855.6 836.7 860.8 874.0 885.3
Federal .,
,
354.1 366.2 380.9 355.7 367.6 369.3 372.1
National defense.
., 259.4 277.6 268.0 266.4 - 278.4 286.8 278.8
82.6
93.3
112.9
Nondefense
,
,
94.7
89.3
89.2
88.6
State and local
,.,
461,3 498.0 474.7 480.9 493.3 504.7 513.2

Seasonally adjusted at annual rates

1987
r

1985

1986

i

4,348.4
2,850.7
384.6
961.7
1,504.5

I

IV

Gross national product
Personal consumption
expenditures

1987

1986

1985
II

III

IV

V

3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,735.9

891.4
369.2
287.9
81.3
522.2

2,324.5 2,418.7 2,351.7 2,372.7 2,408.4 2,448.0 2,445.8 2,438.9
Durable goods
.,,..
343.9 368.6 347.0 345.4 357.1 391.6 380.4 361.3
Nondurable goods
841.6 872.1 847.2 860.6 877.3 875.4 875.1 876.2
Services
1,139.0 1,178.0 1,157.5 1,166.6 1,174.0 1,181.0 1,190.2 1,201.3
Gross private domestic
investment... •. •
647.7 657.2 653.2 684.0 664.7 651.3 629.0 678.9
649.6 651.6 657.4 643.9
Fixed investment .
638.6 650.7 658.4 644.1
Nonresidential
461.4. 456.7 476.9 457.8 456.8 454.4 457.8 446.3
124.0
148.1 132.9 129.5 127.7
Structures .
152.2 134.5 152.4
Producers' durable
equipment.. ..
309.2 322.1 324.5 309.7 323.9 324.9 330.1 322.3
199.7
197.5
194.0
197.2
Residential
.. ...
177.2
181.5 186.3 192.7
Change in business
35.0
15.1
-.3 -28.5
52
39.9
inventories
9.0
6.6
31.3
11.0
-9.8
7.4
16.1
37.0
-8.6
Nonfarm
.. .
10.9
3.8
4.1
213
2.9
8.3 -18.7
Farm .
.9
19
Net exports of goods and
153.9 -163.3 -148.0 -137.2
125.9
services
. . .
108 2 -147.8 132.0
385.8 390.4
Exports
362.3 371.5 362.9 369.2 359.8 371.2
Imports
470.5 519.3 494.8 495.1 513.6 534.5 533.8 527.6
Government purchases of goods
and services
,
721.2
746.8 749.4 725.2 742.2 750.4 769.3 755.2
Federal
. ;
323.6 332.2 347.2 320.4 328.9 330.9 348.6 331.0
National defense
235.7 250.0 239.3 238.7 249.3 259.4 252.5 257.0
79.5
74.0
81.7
71.5
96.1
82.2
107.9
Nondefense
.,
87.8
State and local
, ... 397.6 414.6 402.2 404.8 413.3 419.5 420.7 424.3

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]

718.1
678.1
451.4
133.9
317.6
226.7

40.0
37.1
2.9
-111.9
391.6
503.4

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1985

1986

1985
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

1986
I

II

III

IV

11.1
6.7
31
43.8
14.5
-4.5 -27.1
40.0
1,630.2 1,670.5 1,644.1 1,669.0 1,661.5 1,680.2 1,671.2 1,723.5
1,619.1 1,663.8 1,647.2 1,625.2 1,647.1 1,684.7 1,698.3 1,683.5
11.1
703.5
696.9

6.7
716.8
717.8

711.8
702,3

43.8
710.6
682.0

14.5
703.1
703.2

-4.5 -27.1
730.1 723.5
745.7 740.4

40.0
746.0
716.1

6.6
926.7
922.2

10
953.7
946.0

9.5
932.3
945.0

28.6
958.4
943.1

1

958.5
943.9

156 -16.9
950.1 947.8
939.0 957.9

29.8
977.5
967.3

14.6
4.5
7.7
127
15.3
11.1 -10.2
10.2
1,959.8 2,105.6 2,025.5 2,057.7 2,087.4 2,125.2 2,152.1 2,190.7
408.1
430.0 418.1 422.6 426.7 435.3 435.3 434.2

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




1986

Ir

3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,348.4
3,987.0 4,199.4 4,090.8 4,105.4 4,161.2 4,245.2 4,285.8 4,308.4

-3.1

1985

1987

1985
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
I

II

III

IV

V

3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,735.9
3,576.2 3,668.4 3,627.5 3,616.1 3,646.3 3,686.7 3,724.5 3,700.8
52
39.9
15.1
9.0
6.6
-.3 -28.5
35.0
1,533.2 1,567.1 1,541.7 1,563.6 1,562.8 1,568.0 1,574.1 1,604.2
1,524.2 1,560.5 1,546.9 1,523.7 1,547.6 1,568.3 1,602.6 1,569.2
9.0
679.0
673.2

6.6
700.2
701.4

-5.2
691.3
682.8

39.9
688.6
662.6

15.1
687.5
688.3

5.9
854.2
851.1

-1.2
866.9
859.1

8.4
850.4
864.0

26.0
875.0
861.1

875.2
859.4

„7

28 5
710.7
726.2

35.0
730.1
703.8

14 4 -15.5
853.8 863.4
839.7 876.4

26.3
874.1
865.4

-.3
714.2
728.6

7.7
3.2
13 6
15.9
13.9
14.1
8.7
13 0
1,667.6 1,718.6 1,692.1 1,703.0 1,712.0 1,727.2 1,732.2 1,746.4
384.4 389.3 388.5 389.4 386.6 391.3 389.7 385.3

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