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SURVEY OF CURRENT BUSINESS

March 1992

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1991, final.
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

1990

1991

III

Gross domestic
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
Federal
National defense
Nondefense
State and local

IV

I

II

HI

3,785.2 3,812.0 3,827.7 3,868.5 3,916.4 3,943.7

3,742.6

440.7 440.0 452.9 447.3
465.9 445.2 467.1 451.9
1,217.7 1,251.9 1,228.4 1,246.4 1,246.3 1,252.9 1,257.4 1,251.1
2,059.0 2,191.9 2,089.6 2,113.6 2,140.7 2,175.6 2,206.1 2,245.2
802.6

726.7

821.8

750.9

709.3

708.8

740.9

747.9

802.7
587.0
198.7

745.2
550.1
174.6

807.7
596.3
201.7

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

388.3
215.7

375.5
195.1

394.7
211.4

394.0
202.2

375.9
188.4

374.7
191.2

377.8
197.7

373.8
203.0

-18.5
-15.0

14.1

-36.5
-28.9

-39.2
-35.0

-37.1
-34.0

-3.6
-3.2

-7.6

-4.2

-3.1

0
-2.0

2.0

-3.5

9.6
4.4

-.4

6.0
12.1
-6.1

-74.4

-30.7

-82.5

-76.6

-36.8

-17.2

-37.3

-31.4

550.4
624.8

591.3
622.0

548.7
631.2

572.6
649.2

565.9
602.7

589.8
607.0

597.0
634.3

612.5
643.8

1,042.9 1,087.5 1,046.0 1,071.2 1,088.8 1,092.5 1,089.1 1,079.5
424.9
313.4
111.5
618.0

445.1
323.5
121.6
642.4

424.7
311.1
113.6
621.4

434.5
320.6
113.9
636.7

451.5
332.3
119.2
637.3

452.1
328.4
123.7
640.4

444.9
322.3
122.6
644.2

432.0
311.0
121.0
647.5

1990

1991

III

IV

5,513.8 5,672.6 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7

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




Seasonally adjusted at annual rates
1990

1991

Gross domestic
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
Government purchases
Federal
National defense
Nondefense
State and local

1991

IV

I

II

IV

III

4,884.9 4,848.8 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0
3,262.6 3,259.0 3,281.2 3,251.8 3,241.1 3,252.4 3,271.2 3,271.1
408.9 418.3 412.2
440.3 424.0 410.8
438.9 412.5
1,050.8 1,043.0 1,053.7 1,044.7 1,043.9 1,046:2 1,046.1 1,035.8
1,797.2 1,806.8 1,823.1
1,773.0 1,803.4 1,787.3 1,783.1 1,786.3
744.5

673.7

760.3

696.6

657.0

656.3

686.5

694.9

744.2
548.8
177.9

687.6
512.4
154.0

746.4
555.5
180.0

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

370.8
195.5

358.3
175.2

375.5
190.9

374.0
183.3

355.8
170.7

355.8
172.0

361.6
176.5

360.1
181.7

13.9

-31.2
-25.7

-32.8
-31.1

.1
-2.8

7.6
9.2

-5.5

-1.7

-30.4
-30.8
.4

.2
-1.5

1.7

-13.9
-13.9
0

9.9
4.0

2.9

-1.6

-51.3

-20.9

-65.7

-31.2

-18.6

-12.3

-31.1

-21.3

505.7
557.0

537.8
558.7

501.6
567.4

522.5
553.7

512.5
531.1

535.7
548.0

545.2
576.3

558.0
579.3

929.1

937.1

927.5

937.9

944.5

944.3

936.1

923.3

380.9
281.3

384.9
281.4
103.5
552.2

378.4
278.0
100.4
549.1

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

99.6

548.2

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

SURVEY OF CURRENT BUSINESS

March 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
1990

1990

1991

III
Gross domestic
product ...
Final sales of domestic
product .
Change in business
inventories
Goods1
Final sales .
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services1
Structures

Seasonally adjusted at annual rates

1991

I

IV

II

III

III

IV

5,513.8 5,672.6

5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7

5,513.8 5,691.1

5,556.5 5,594.0 5,628.2 5,689.6 5,712.8 5,733.8

0

-18.5

-36.5

14.1

-39.2

-37.1

6.0

-3.6

2,167.6 2,193.2

2,195.6 2,158.0 2,169.4 2,186.1 2,210.5 2,206.8

2,167.6 2,211.7

2,181.6 2,194.5 2,208.6 2,223.2 2,214.1 2,200.8

0
927.7
934.6
-7.0

185

14.1

-36.5

-39.2

-37.1

-3.6

901.3
926.5

953.8
939.3

897.7
927.2

873.0
916.4

906.1
939.5

920.3
929.4

906.1
920.5

14.5

-29.4

-43.5

-33.5

-9.2

-14.5

-25.1

1,239.9 1,291.9
1,233.0 1,285.2
6.9

6.0

1,241.8 1,260.2 1,296.4 1,280.1 1,290.3 1,300.7
1,242.3 1,267.3 1,292.1 1,283.7 1,284.7 1,280.3

5.6
20.4
-3.6
-.4 -7.1
4.3
2,864.8 2,905.5 2,951.7 2,999.0 3,035.1 3,065.7
494.0 467.9 467.4 463.5 467.3
466.5 510.1
6.7

2,834.0 3,012.9
512.2

1990

1991

1990

Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services l
Structures

1991

I

IV

II

IV

III

4,884.9 4,848.8

4,903.3 4,855.1 4,824.0 4,840.7 4,8627 4,868.0

4,884.7 4,862.7

4,889.4 4,886.3 4,856.8 4,871.2 4,862.6 4,860.3

.2

-13.9

13.9

-31.2

-32.8

-30.4

.1

7.6

1,968.5 1,928.6 1,917.0 1,922.0 1,940.5 1,936.4
1,957.8 1,942.9 1,954.6 1,959.8 1,949.8 1,952.4 1,940.4 1,928.8

1,958.0 1,929.0

.2

139

13.9

-31.2

-32.8

-30.4

.1

7.6

886.2
892.9

850.1
873.0

905.4
892.3

857.5
884.8

827.0
866.4

852.8
883.3

865.5
873.9

855.1
868.6

-6.7

-22.9

1,071.8 1,078.8
1,065.0 1,069.8
6.9

-13.4
-8.4
13.1
-27.3 -39.4 -30.5
1,063.1 1,071.1 1,090.0 1,069.2 1,074.9 1,081.3
1,062.3 1,075.0 1,083.4 1,069.1 1,066.5 1,060.2

.1
8.4
6.6
-3.9
.8
21.1
2,476.3 2,481.8 2,487.6 2,502.7 2,511.8 2,516,2
458.5 444.6 419.4 416.1 410.4 415.3
415.3
9.0

2,464.8 2,504.6
462.0

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. 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
Purchases, and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars

[Billions of dollars]
Gross domestic product
5,513.8 5,672.6 5,570.5
Less: Exports of goods and
550.4 591.3 548.7
services
Plus: Imports of goods and
services
..... 624.8 622.0 631.2
Equals: Gross domestic
purchases ' . ..
5,588.1 5,703.3 56530
Less: Change in business
0
14.1
inventories
-18.5
Equals: Final sales to 2
5,588.2 5,721.8 5,638.9
domestic purchasers

[Billions of 1987 dollars]

5,557.5 55890 56526 5,709.2 5,739.7
572.6

565.9

589.8

597.0

612.5

649.2

602.7

607.0

634.3

643.8

5,634.0 56258 5,669.8 5,746.5 5,771.1
-36.5

-39.2

-37.1

-3.6

6.0

5,670.6 5,665.0 5,706.8 5,750.1 5,765.1

4,884.9 4,848.8 4,903.3
Gross domestic product
Less: Exports of goods and
505.7 537.8 501.6
services
Plus: Imports of goods and
services
. . . . 557.0 558.7 567.4
Equals: Gross domestic
l
4,936.2 4,869.7 4,969.1
purchases
Less: Change in business
.2 -13.9
13.9
inventories
Equals: Final sales to 2
4,936.0 4,883.6 4,955.1
domestic purchasers

4,855.1 4,824.0 4,840.7 4,862.7 4,868.0
522.5

512.5

535.7

545.2

558.0

553.7

531.1

548.0

576.3

579.3

4,886.3 4,842.6 4,853.1 4,893.8 4,889.3
-31.2

-32.8

-30.4

.1

7.6

4,917.5 4,875.4 4,883.5 4,893.7 4,881.7

1. Purchases by U.S. residents of goods and services wherever produced.
2. Rnal 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
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing




5,513.8 5,672.6 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7
4,699.4 4,803.3 4,748.7 4,722.3 4,734.7 4,786.8 4,835.0 4,856.8
4,605.6 4,704.1 4,634.8 4,640.4 4,640.1 4,687.2 4,730.1 4,759.1
4,155.8 4,231.2 4,179.5 4,180.6 4,175.7 4,217.6 4,256.0 4,275.4
449.8 472.9 455.3 459.8 464.3 469.7 474.1 483.7
85.7

80.4
18.8

85.7
28.2

79.8

2.1

76.6
18.0

83.1
16.5

82.9
22.0

79.2
18.6

225.1

246.4

228.9

233.3

237.5

243.7

249.9

254.3

91

91

2161

95
2368

2198

91
224.2

92
228.3

95
234.2

9.6
240.2

98
244.5

589.2

622.9

592.9

601.9

616.8

622.0

624.3

628.6

1794

1888
4341

1791

1810

1894

1887

1884

1886

413.8

420.9

427.4

433.2

435.9

440.0

8.1

4098

4,245.1

Gross domestic
nroduct
Business
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

4,884.9 4,848.8 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0
4,180.4 4,134.7 4,196.4 4,145.1 4,111.4 4,126.4 4,148.6 4,152.4
4,101.9 4,045.3 4,099.9 4,071.2 4,024.6 4,040.1 4,055.6 4,061.1
3,711.3 3,650.6 3,708.4 3,678.3 3,631.2 3,645.9 3,660.4 3,664.8
392.9 393.4 394.2 395.2 396.3
390.6 394.8 391.5
73.2
16.2

71.7
24.9

72.0

7.2

1.9

71.1
15.7

72.1
14.3

74.1
18.9

75.4
15.9

195.7

202.1

197.2

197.9

198.8

201.1

203.1

205.4

8.6
187.1

8.6
193.5

8.5
188.7

8.4
189.4

8.4
190.4

8.6
192.6

8.6
194.5

8.6
196.7

508.8

512.0

509.6

512.1

513.9

513.2

511.0

510.2

1557

1551

1553

1562

1570

353.1

356.9

354.4

356.0

356.9

155.5
357.7

154.4
356.6

153.5
356.6

71.4

37858

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