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SURVEY OF CURRENT BUSINESS

June 1987

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

I

IV
3,998.1 4,206.1 4,087.7
Gross national product
Personal consumption
expenditures . . .
2,600.5 2,762.5 2,667.9
Durable goods .
359.3 388.1 362.0
905.1 932.7 922.6
Nondurable goods
1,336.1 1,441.7 1,383.2
Services
Gross private domestic
661.1 683.6 669.5
investment
Fixed investment
650.0 677.0 672.6
458.2 460.0 474.0
Nonresidential
154.8 143.3 157.2
Structures
Producers' durable
equipment.,
.
. .. 303.4 316.7 316.8
198.6
Residential
191.8 217.0
Change in business
6.7 -3.1
11.1
inventories. . .
.
7.7
16.7
Nonfarm
12.2
1 1 -1.0 -19.9
Farm
Net exports of goods and
services
78.9 -104.3 105.3
369.8 373.0 368.2
Exports
448.6 477.3 473.6
Imports
Government purchases of goods
and services
815.4 864.2 855.6
354.1 366.2 380.9
Federal
259.4 277.6 268.0
National defense
88.6 112.9
Nondefense
94.7
461.3 498.0 474.7
State and local

II

Seasonally adjusted at annual rates

1987

1986

1985

III

IV

1985

1986

r

4,149.2 4,175.6 4,240.7 4,258.7 4,352.1

1985

1987

1986

I

IV

III

II

r

IV

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

722.1
677.9
451.5
134.0

304.6
205.3

316.0
215.3

319.5
221.3

326.8
226.0

317.5
226.4

14.5
4.5
10.5 -10.3
3.9
5.8

27.1
10.8
16.3

44.2
38.6
5.6

-93.7 -104.5 -108.9 -110.2
374.8 363.0 370.8 383.5
468.5 467.5 479.7 493.7

107.9
399.0
506.9

885.3
372.1
278.8
93.3
513.2

887.6
364.8
286.5
78.3
522.8

Gross national product
3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,739.4
Personal consumption
expenditures
2,324.5 2,418.7 2,351.7 2,372.7 2,408.4 2,448.0 2,445.8 2,438.8
Durable goods
343.9 368.6 347.0 345.4 357.1 391.6 380.4 360.0
Nondurable goods
841.6 872.1 847.2 860.6 877.3 875.4 875.1 875.2
Services
1,139.0 1,178.0 1,157.5 1,166.6 1,174.0 1,181.0 1,190.2 1,203.6
Gross private domestic
investment
647.7 657.2 653.2 684.0 664.7 651.3 629.0 684.2
Fixed investment
638.6 650.7 658.4 644.1 649.6 651.6 657.4 643.6
Nonresidential
461.4 456.7 476.9 457.8 456.8 454.4 457.8 446.3
Structures
152.2 134.5 152.4 148.1 132.9 129.5 127.7 124.2
Producers' durable
equipment
309.2 322.1 324.5 309.7 323.9 324.9 330.1 322.2
186.3 192.7 197.2 199.7 197.3
Residential
177.2 194.0 181.5
Change in business
52
-.3 -28.5
40.7
inventories
6.6
39.9
15.1
9.0
-9.8
37.0
11.0
-8.6
32.8
Nonfarm .
. .
. .
7.4
16.1
10.9
9 -21.3
8.3 -18.7
Farm
2.9
4.1
7.9
19
Net exports of goods and
services
108 2 -147.8 1320 1259 1539 163 3 1480 -133.7
Exports
362.3 371.5 362.9 369.2 359.8 371.2 385.8 396.7
Imports
470.5 519.3 494.8 495.1 513.6 534.5 533.8 530.3
Government purchases of goods
and services
721.2 746.8 749.4 725.2 742.2 750.4 769.3 750.1
Federal
323.6 332.2 347.2 320,4 328.9 330.9 348.6 325.3
235.7 250.0 239.3 238.7 249.3 259.4 252.5 255.8
National defense
81.7
71.5
96.1
Nondefense... j
82.2 107.9
79.5
69.5
87.8
State and local
397.6 414.6 402.2 404.8 413.3 419.5 420.7 424.8

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.

2,697.9 2,732.0 2,799.8 2,820.4 2,850.4
360.8 373.9 414.5 403.1 383.0
929.7 928.4 932.8 940.1 960.3
1,407.4 1,429.8 1,452.4 1,477.2 1,507.0

43.8
41.2
2.7

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

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

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
Services
Structures

1986

I

II

Seasonally adjusted at annual rates

1987

III

IV

11.1
6.7
44.2
31
43.8
14.5
45 -27.1
1,630.2 1,670.5 1,644.1 1,669.0 1,661.5 1,680.2 1,671.2 1,720.6
1,619.1 1,663.8 1,647.2 1,625.2 1,647.1 1,684.7 1,698.3 1,676.4
6.7
716.8
717.8

31
711.8
702.3

43.8
710.6
682.0

14.5
703.1
703.2

6.6
926.7
922.2

-1.0
953.7
946.0

9.5
932.3
945.0

28.6
958.4
943.1

-.1 -15.6
958.5 950.1
943.9 939.0

45 -27.1
730.1 723.5
745.7 740.4
169
947.8
957.9

44.2
745.6
714.2
31.4
975.0
962.2

4.5
7.7
15.3
14.6
127
12.8
11.1 -10.2
1,959.8 2,105.6 2,025.5 2,057.7 2,087.4 2,125.2 2,152.1 2,196.7
408.1 430.0 418.1 422.6 426.7 435.3 435.3 434.9

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




1986

r

3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,352.1
3,987.0 4,199.4 4,090.8 4,105.4 4,161.2 4,245.2 4,285.8 4,307.9

11.1
703.5
696.9

1985

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

HI

IV

Ir

3,585.2 3,674.9 3,622.3 3,655.9 3,661.4 3,686.4 3,696.1 3,739.4
3,576.2 3,668.4 3,627.5 3,616.1 3,646.3 3,686.7 3,724.5 3,698.8
9.0
6.6 -5.2
39.9
-.3 -28.5
15.1
40.7
1,533.2 1,567.1 1,541.7 1,563.6 1,562.8 1,568.0 1,574.1 1,601.9
1,524.2 1,560.5 1,546.9 1,523.7 1,547.6 1,568.3 1,602.6 1,561.3
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

-.3 -28.5
714.2 710.7
728.6 726.2

40.7
729.9
702.2

5.9
854.2
851.1

-1.2
866.9
859.1

8.4
850.4
864.0

26.0
875.0
861.1

-.7 -14.4 -15.5
875.2 853.8 863.4
859.4 839.7 876.4

27.7
872.0
859.1

7.7 -13.6
3.2
13.9
15.9
14.1 -13.0
12.9
1,667.6 1,718.6 1,692.1 1,703.0 1,712.0 1,727.2 1,732.2 1,751.6
384.4 389.3 388.5 389.4 386.6 391.3 389.7 385.9

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