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SURVEY OF CURRENT BUSINESS

April 1992

NATIONAL

INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables

New estimates in this issue: First quarter 1992, advance.
The selected set of national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Alternative
quantity and price measures and a few series for tables 1.10 and 1.16 are not yet available; leaders are shown for
these parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 1.1 .—Gross Domestic Product

Table 1.2.—Gross Domestic Product in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Seasonally adjusted at annual rates
1990

1991

1990

IV
Gross domestic
oroduct
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
Federal
National defense
Nondefense
State and local

II

III

IV

3,742.6 3,889.1 3,812.0 3,827.7 3,868.5 3,916.4 3,943.7 4,023.5
465.9 445.2 451.9 440.7 440.0 452.9 447.3 468.3
1,217.7 1,251.9 1,246.4 1,246.3 1,252.9 1,257.4 1,251.1 1,270.8
2,059.0 2,191.9 2,113.6 2,140.7 2,175.6 2,206.1 2,245.2 2,284.5
802.6

726.7

750.9

709.3

708.8

740.9

747.9

712.4

802.7
587.0
198.7

745.2
550.1
174.6

787.4
585.2
191.2

748.4
560.0
184.0

745.8
554.6
180.0

744.5
546.8
169.0

742.0
539.0
165.2

745.0
535.3
161.1

388.3
215.7

375.5
195.1

394.0
202.2

375.9
188.4

374.7
191.2

377.8
197.7

373.8
203.0

374.2
209.8

-18.5
-15.0

-36.5
-28.9

-37.1
-34.0

-3.6
-3.2

6.0

-32.7
-29.5

-3.5

-7.6

-39.2
-35.0
-42

0
2.0

-74.4

-30.7

-76.6

550.4
624.8

591.3
622.0

572.6
649.2

1,042.9 1,087.5 1,071.2
424.9 445.1 434.5
313.4 323.5 320.6
111.5 121.6 113.9
618.0 642.4 636.7

-36.8

-3.1

-17.2

-.4

-37.3

12.1
-6.1

-31.4

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




-3.2

-22.7

589.8 597.0 612.5 613.6
607.0 634.3 643.8 636.3
1,088.8 1,092.5 1,089.1 1,079.5 1,096.1
451.5 452.1 444.9 432.0 441.8
332.3 328.4 322.3 311.0 315.0
119.2 123.7 122.6 121.0 126.8
637.3 640.4 644.2 647.5 654.3
565.9
602.7

1991

1990

IV

I

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,809.3

-2.0

1990

1992

1991

I

Seasonally adjusted at annual rates

Gross domestic
product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment ..i
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imports

1991

I

II

1992

IV

111

I

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,891.9
3262.6 3,259.0 3,251.8 3,241.1 3,252.4 3,271.2 3,271.1 3,313.8
438.9 412.5 424.0 410.8 408.9 418.3 412.2 429.9
1,050.8 1,043.0 1,044.7 1,043.9 1,046.2 1,046.1 1,035.8 1,047.6
1,773.0 1,803.4 1,783.1 1,786.3 1,797.2 1,806.8 1,823.1 1,836.3
744.5

673.7

696.6

657.0

656.3

686.5

694.9

666.1

744.2
548.8
177.9

687.6
512.4
154.0

727.8
544.5
170.4

689.8
519.1
163.3

686.8
514.8
158.9

686.5
510.0
148.4

687.2
505.6
145.4

692.2
503.7
142.2

370.8
195.5

358.3
175.2

374.0
183.3

355.8
170.7

355.8
172.0

361.6
176.5

360.1
181.7

361.5
188.5

.2

-31.2
-25.7

-32.8
-31.1

.1

7.6
9.2

-5.5

-1.7

-30.4
-30.8
.4

-2.8

1.7

-13.9
-13.9
0

2.9

-1.6

-26.1
-26.0
1

-51.3

-20.9

-31.2

-18.6

-12.3

-31.1

-21.3

-17.8

505.7
557.0

537.8
558.7

522.5
553.7

512.5
531.1

535.7
548.0

545.2
576.3

558.0
579.3

559.4
577.1

-1.5

Government purchases

929.1

937.1

937.9

944.5

944.3

936.1

923.3

929.8

Federal
National defense
Nondefense
State and local

380.9
281.3

384.9
281.4
103.5
552.2

382.6
282.0
100.6
555.3

391.7
289.4
102.3
552.7

392.7
287.0
105.7
551.7

384.5
280.4
104.1
551.6

370.7
268.7
102.0
552.7

372.8
267.6
105.2
557.1

99.6

548.2

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

1O

•

SURVEY OF CURRENT BUSINESS

April 1992

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

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

[Billions of dollars]

[Billions of 1987 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1990

1991

1990

IV
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1

II

III

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,809.3
5,513.8 5,691.1 5,594.0 5,628.2 5,689.6 5,712.8 5,733.8 5,842.0

0

-18.5

-36.5

-39.2

-37.1

-3.6

6.0

-32.7

Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services '

2,167.6 2,211.7 2,194.5 2,208.6 2,223.2 2,214.1 2,200.8 2,251.1

6.0

-32.7

920.3
929.4

906.1
920.5

918.0
941.7

-9.2

-14.5

-23.7

-18.5

-36.5

-39.2

-37.1

-3.6

927.7
934.6

901.3
926.5

897.7
927.2

873.0
916.4

906.1
939.5

-7.0

-25.1

-29.4

-43.5

-33.5

0

1,239.9 1,291.9 1,260.2 1,296.4 1,280.1 1,290.3 1,300.7 1,300.4
1,233.0 1,285.2 1,267.3 1,292.1 1,283.7 1,284.7 1,280.3 1,309.3

6.9

6.7

-7.1

4.3

-3.6

5.6

20.4

-9.0

2,834.0 3,012.9 2,905.5 2,951.7 2,999.0 3,035.1 3,065.7 3,118.1

512.2

.

466.5

494.0

467.9

467.4

463.5

467.3

472.9

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic

Equals: Gross domestic
purchases '
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers2

Gross domestic
product
Final sales of domestic
product
Change in business
inventories

5913

5726

5659

5898

5970

6125

6136

6248

6220

6492

6027

6070

6343

6438

6363

5,588.1 5,703.3 5,634.0 5,625.8 5,669.8 5,746.5 5,771.1 5,832.0

Final sales
Change in business
inventories

4,884.7 4,862.7 4,886.3 4,856.8 4,8712 4,862.6 4,860.3 4,918.0

.2

-13.9

-31.2

.1

-30.4

-32.8

7.6

-26.1

1,957.8 1,942.9 1,959.8 1,949.8 1,952.4 1,940.4 1,928.8 1,965.6

.2

Nondurable goods
Final sales
Change in business
inventories

139

-31.2

-32.8

-30.4

.1

7.6

-26.1

886.2
892.9

850.1
873.0

857.5
884.8

827.0
866.4

852.8
883.3

865.5
873.9

855.1
868.6

866.6
887.9

-6.7

Durable goods
Final sales
Change in business
inventories

-22.9

-27.3

-39.4

-30.5

-8.4

-13.4

-21.3

1,071.8 1,078.8 1,071.1 1,090.0 1,069.2 1,074.9 1,081.3 1,072.9
1,065.0 1,069.8 1,075.0 1,083.4 1,069.1 1,066.5 1,060.2 1,077.7

9.0

6.9

-3.9

.1

6.6

8.4

21.1

-4.8

2,464.8 2,504.6 2,481.8 2,487.6 2,502.7 2,511.8 2,516.2 2,529.6

Services '
Structures

462.0

415.3

444.6

416.1

419.4

410.4

415.3

422.8

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1.6.—Relation

of

Gross

Domestic

and Final Sales to

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases *

327

Less: Change in business
inventories

5,588.2 5,721.8 5,670.6 5,665.0 5,706.8 5,750.1 5,765.1 5,864.7

Equals: Final sales to
domestic purchasers2

-365

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,891.9

Product,

Domestic

Gross

Purchasers

in

Domestic
Constant

[Billions of 1987 dollars]

5504

-185

I

IV

III

Dollars

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,809.3

o

1992

1991

II

I

1,958.0 1,929.0 1,928.6 1,917.0 1,922.0 1,940.5 1,936.4 1,939.15

Goods *

Purchases,

[Billions of dollars]

Less: Exports of goods and
services
Plus: Imports of goods and
services

IV

Table

Purchases, and Final Sales to Domestic Purchasers

Gross domestic product

1990

1991

1990

I

IV

2,167.6 2,193.2 2,158.0 2,169.4 2,186.1 2,210.5 2,206.8 2,218.4

Final sales
Change in business
inventories

Structures

1992

1991

I

-392

-371

-36

60

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,891.9
505.7

537.8

522.5

512.5

535.7

545.2

558.0

559.4

5570

5587

5537

531 1

5480

5763

5793

5771

4,936.2 4,869.7 4,886.3 4,842.6 4,853.1 4,893.8 4,889.3 4,909.7
2

-13.9

-31 2

-32.8

-30.4

.1

7.6

-26.1

4,936.0 4,883.6 4,917.5 4,875.4 4,883.5 4,893.7 4,881.7 4,935.8

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector

Table 1.8.—Gross Domestic Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Gross domestic
product
Business

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,809.3
4,699.4 4,803.3 4,722.3 4,734.7 4,786.8 4,835.0 4,856.8 4,909.8

Nonfarm
4,605.6 4,703.9 4,640.4 4,640.1 4,687.2 4,730.1 4,758.0 4,809.3
Nonfarm less housing .... 4,155.8 4,230.9 4,180.6 4,175.7 4,217.6 4,256.0 4,274.3 4,323.5
449.8 4729 4598 4643 4697 4741 4837 485.9
Housina
iiuuoiuy
829
792
804
857
766
831
Farm
809
798
19.6
2.1
16.5
22.0
19.6
18.0
19.0
8.1
Statistical discrepancy

225.1

246.4

233.3

2375

243.7

249.9

254.3

259.3

9.1
216.1

9.5
236.8

9.1
224.2

9.2
228.3

9.5
234.2

9.6
240.2

9.8
244.5

9.9
249.4

General government

5892

622.9

601.9

616.8

622.0

624.3

628.6

640.2

Federal
State and local

1794
4098

1888
4341

1810
4209

1894
4274

1887
4332

1884
4359

1886
4400

1955
444.7

Households and institutions
Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing




42451

Gross domestic
product
Business

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,891.9
4,180.4 4,134.7 4,145.1 4,111.4 4,126.4 4,148.6 4,152.4 4,175.0

Nonfarm
4,101 9 4 045.1 4,071.2 4,024.6 4,040.1 4,055.6 4,060.2 4,082.1
Nonfarm less housing .... 3,711.3 3,650.4 3,678.3 3,631.2 3,645.9 3,660.4 3,664.0 3,684.9
Housina
3906 3948 3929 3934 3942 3952 3963 3972
741
754
Farm
732
71 1
721
714
720
762
16.4
15.7
18.9
16.8
16.7
Statistical discrepancy
7.2
1.9
14.3

195.7

202.1

197.9

198.8

201.1

203.1

205.4

207.5

8.6
187.1

8.6
193.5

8.4
189.4

8.4
190.4

8.6
192.6

8.6
194.5

8.6
196.7

8.7
198.8

General Government

508.8

512.0

512.1

513.9

5132

511.0

5102

509.4

Federal
State and local

1557
3531

1551
3569

1562
356.0

157.0
356.9

155.5
357.7

154.4
356.6

153.5
356.6

152.2
357.2

Households and institutions
Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing

37858

SURVEY OF CURRENT BUSINESS

April 1992 • 31

Corrections to tables in the February SURVEY: The corrections are to the constant (1987) dollar estimates for 1959 through 1971. Percent changes
for 1972 and 1972:1 are also affected.
Table 2.—Gross Domestic Product in Constant Dollars
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]

Government purchases
Year and quarter

Percent change from preceding period

GDP

Total

Federal

Final sales of
domestic product

Gross domestic
purchases

Gross national
product

Final sales of
domestic product

GDP

Gross domestic
purchases

GNP

1959

1,928.8

475.3

265.7

1,915.2

1,950.6

1,939.6

1960
1961
1962
1963
1964

1,970.8
2,023.8
2,128.1
2,215.6
2,340.6

476.9
501.5
524.2
536.3
549.1

259.0
270.1
287.3
285.7
281.8

1,962.7
2,016.6
2,112.5
2,199.6
2,324.9

1,978.5
2,029.3
2,138.6
2,221.4
2,338.1

1,982.8
2,037.1
2,143.3
2,231.9
2,358.2

2.2
2.7
5.2
4.1
5.6

2.5
2.7
4.8
4.1
5.7

1.4
2.6
5.4
3.9
5.3

2.2
2.7
5.2
4.1
5.7

1965
1966
1967
1968
1969

2,470.5
2,616.2
2,685.2
2,796.9
2,873.0

566.9
622.4
667.9
686.8
682.0

282.1
319.3
350.9
353.1
340.1

2,445.4
2,579.5
2,657.5
2,773.2
2,848.2

2,476.9
2,634.2
2,708.9
2,834.4
2,914.5

2,489.0
2,633.2
2,702.6
2,815.7
2,890.9

5.5
5.9
2.6
4.2
2.7

5.2
5.5
3.0
4.4
2.7

5.9
6.4
2.8
4.6
2.8

5.5
5.8
2.6
4.2
2.7

1970
1971
1972

2,873.9
2,955.9
3,107.1

665.8
652.4
653.0

315.0
290.8
284.4

2,868.0
2,935.2
3,084.5

2,909.1
3,001.8
3,163.6

2,891.6
2,976.0
3,128.8

0
2.9
5.1

.7
2.3
5.1

-.2
3.2
5.4

0
2.9
5.1

1,904.9
1,937.5
1,930.8
1,941.9

476.1
478.2
474.9
471.9

266.4
268.4
265.0
262.8

1,889.4
1,913.1
1,930.3
1,928.0

1,926.3
1,962.5
1,951.1
1,962.4

1,915.1
1,947.7
1,941.8
1,953.6

7.0

5.1
3.6
-.5

1,976.9
1,971.7
1,973.7
1,961.1

466.8
473.7
479.9
487.2

254.9
257.3
259.5
264.3

1,947.3
1,964.5
1,962.1
1,977.0

1,990.3
1,982.1
1,979.3
1,962.3

1,988.1
1,983.3
1,985.8
1,974.0

1,977.4
2,006.0
2,035.2
2,076.5

493.7
496.6
500.7
515.1

263.8
268.3
269.7
278.6

1,985.9
2,003.5
2,016.7
2,060.2

1,978.2
2,012.0
2,041.9
2,084.9

1,991.1
2,018.9
2,048.4
2,090.1

3.4
5.9
6.0
8.4

1.8
3.6
2.7
8.9

3.3
7.0
6.1
8.7

3.5
5.7
6.0
8.4

2,103.8
2,125.7
2,142.6
2,140.2

520.8
524.4
526.0
525.3

286.8
289.1
288.1
285.1

2,080.5
2,111.5
2,125.2
2,132.8

2,115.7
2,133.5
2,151.5
2,153.7

2,117.3
2,140.6
2,157.7
2,157.7

5.4
4.2
3.2
-.4

4.0
6.1
2.6
1.4

6.0
3.4
3.4
.4

5.3
4.5
3.2
0

2,170.9
2,199.5
2,237.6
2,254.5

528.1
532.9
543.6
540.6

283.4
285.9
290.0
283.4

2,149.6
2,184.6
2,220.9
2,243.3

2,181.3
2,204.7
2,243.6
2,256.1

2,187.4
2,215.3
2,253.6
2,271.1

5.9
5.4
7.1
3.1

3.2
6.7
6.8
4.1

5.2
4.4
7.2
2.2

5.6
5.2
7.1
3.1

III
IV

2,311.1
2,329.9
2,357.4
2,364.0

546.4
551.6
549.8
548.4

285.3
285.1
280.5
276.2

2,294.2
2,314.5
2,343.5
2,347.6

2,306.5
2,328.8
2,354.9
2,362.1

2,329.3
2,347.3
2,375.4
2,380.6

9.4
3.6
5.1
.7

9.2
3.9
4.6
1.2

1965' I
II
Ill
IV

2,410.1
2,442.8
2,485.5
2,543.8

546.6
559.3
572.1
589.6

272.3
277.8
282.7
295.8

2,376.1
2,419.4
2,460.9
2,525.1

2,417.6
2,447.7
2,493.3
2,549.1

2,429.2
2,462.5
2,50a.8
2,560.3

8.0
5.5
7.2
9.7

4.9
7.5
7.0

9.7
5.1
7.7
9.3

8.4
5.6
6.9
9.3

1966: I

2,596.8
2,601.4
2,626.1
2,640.5

599.0
615.4
631.8
643.2

301.1
315.3
328.5
332.3

2,560.7
2,569.3
2,593.2
2,594.8

2,608.1
2,617.4
2,648.9
2,662.2

2,613.9
2,618.5
2,642.8
2,657.9

8.6
.7
3.9
2.2

5.8
1.4
3.8
.2

9.6
1.4
4.9
2.0

8.6
.7
3.8
2.3

2,657.2
2,669.0
2,699.5
2,715.1

665.8
663.2
668.7
673.9

351.8
347.7
352.0
352.2

2,622.9
2,651.2
2,667.9
2,688.3

2,677.7
2,690.1
2,723.0
2,744.8

2,674.3
2,685.5
2,717.9
2,732.9

2.6
1.8
4.6
2.3

4.4
4.4
2.5
3.1

2.3
1.9
5.0
3.2

2.5
1.7
4.9
2.2

IV

2,752.1
2,796.9
2,816.8
2,821.7

682.9
688.7
686.7
688.8

356.4
355.9
350.3
349.7

2,732.1
2,760.9
2,790.3
2,809.6

2,788.8
2,832.6
2,854.2
2,861.8

2,770.3
2,815.6
2,836.0
2,840.7

5.6
6.7
2.9
.7

6.7
4.3
4.3
2.8

6.6
6.4
3.1
1.1

5.6
6.7
2.9
.7

1969- I
||
HI
IV

2,864.6
2,867.8
2,884.5
2,875.1

682.6
686.3
681.7
677.3

342.2
343.5
339.3
335.4

2,835.8
2,844.1
2,856.3
2,856.6

2,903.5
2,912.0
2,927.7
2,914.8

2,883.6
2,886.0
2,901.7
2,892.3

6.2
.4
2.3

3.8
1.2
1.7
0

6.0
1.2
2.2

6.2
.3
2.2

1970' I
II
HI

2,867.8
2,859.5
2,895.0
2,873.3

671.5
662.2
665.3
664.4

326.3
315.1
310.9
307.5

2,862.8
2,851.1
2,880.6
2,877.3

2,903.8
2,893.4
2,929.4
2,909.7

2,885.6
2,877.9
2,913.1
2,889.7

2,939.9
2,944.2
2,962.3
2,977.3

656.1
653.3
650.4
649.7

297.7
292.7
289.3
283.6

2,908.0
2,920.5
2,940.3
2,971,8

2,973.8
2,993.0
3,009.3
3,031.1

2,959.8
2,965.4
2,981.3
2,997.5

9.6
.6
2.5
2.0

4.3
1.7
2.7
4.4

9.1
2.6
2.2
2.9

3,037.3

657.9

290.7

3,018.9

3,098.5

3,058.4

8.3

6.5

9.2

1959' I
II

Ill
IV
1960: I
||
HI

IV
1961' I
||
HI

IV
1962: I

||
III
IV

1963: 1
II

Ill
IV

. . .

1964: 1

II

||
III
IV

1967: I

||
HI

IV
1968' I
II

Ill

IV
1971: I
||

Ill
IV
1972' I

NOTE.—GDP=Gross domestic product; GNP=Gross national product




-1.4

2.3
7.4
-1.0

.4
-2.5

10.4

3.3
4.8
1.1

-1.3
-1.0
-1.2

5.1
-3.0

4.1
3.6
-.5
3.1

10.9

.9
-1.6

4.2
-.5

7.7
-2.3

2.3
5.8
-1.6

7.0
-1.2

2.5
7.3
-1.0

.5

-.6
-3.4

-2.4

10.7

3.1
4.9
.9

-1.8

-1.3

-1.5
-1.4

-l'l

5.1
-2.7

_g

5.0
-3.2
10.1

.8
2.2
2.2
8.4


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102