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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.