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SURVEY OF CURRENT BUSINESS

November 1987

National Income and Product Accounts Tables
New estimates in this issue: Third 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 are in the July 1986 SURVEY. Estimates for 1984-86 are in the July 1987 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

1986
II

Gross national product
Personal consumption
expenditures . ...

III

Seasonally adjusted at annual rates

1987
IV

I

II

1985

1986

IIP

4,010.3 4,235.0 4,211.6 4,265.9 4,288.1 4,377.7 4,445.1 4,520.5

2,629.4 2,799.8 2,765.8 2,837.1 2,858.6 2,893.8 2,943.7 3,006.7
368.7 402.4 386.4 427.6 419.8
Durable goods
396.1
409.0 434.8
Nondurable goods
913.1 939.4 934.3 940.0 946.3 969.9 982.1
987.2
1,347.5 1,458.0 1,445.1 1,469.5 1,492.4 1,527.7 1,552.6 1,584.7
Services
Gross private domestic
641.6
679.4 660.8 660.2 699.9 702.6 707.4
investment
671.0
Fixed investment
631.6
655.2 651.9
657.3 666.6 648.2 662.3 684.9
442.6 436.9 433.8 433.5 439.7 422.8 434.6 456.8
Nonresidential
152.5
137.4
135.9
131.1 132.9
128.7
129.7
Structures
136.6
Producers' durable
equipment...
290.1
304.9 320.2
299.5 297.9 302.4 306.7 294.1
189.0
Residential.
218.3
218.1 223.8 226.9 225.4 227.7 228.1
Change in business
inventories
10.0
15.7
27.5
3.5
51.6
40.3
64
22.5
9
13.6
48.7
27.3
Nonfarm
16.8
24.5
5.1
8.6
-3.6 -1.1
3.0
4.5
2.9
13.0
13.9
Farm
116
Net exports of goods and
-79.2 -105.5 -100.8 -110.5 -116.9 -112.2 -118.4 119 8
services
369.9 376.2 371.3 376.6 383.3 397.3 416.5
Exports
434.6
449.2 481.7
472.1
487.1
Imports
500.2 509.5 534.8 554.4
Government purchases of goods
and services
818.6 869.7 867.2 878.5 886.3 896.2 917.1 926.1
353.9 366.2 368.4 371.2
Federal
368.6 366.9 379.6 378.8
259.3' 277.8 278.2 287.6 279.0 287.5 294.5 295.7
National defense
Nondefense .
94.6
88.4
90.2
83.6
79.4
85.1
89.6
83.0
State and local
464.7 503.5 498.8 507.3 517.7
529.3 537.6 547.3

Gross national 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
Net exports of goods and
Exports
Imports
Government purchases of goods
and services..
Federal
National defense
Nondefense
State and local

1987

1986
III

II

IV

I

II

IIP

3,607.5 3,713.3 3,704.7 3,718.0 3,731.5 3,772.2 3,795.3 3,833.4
2,352.6 2,450.5 2,434.3 2,477.5 2,480.5 2,475.9 2,487.5 2,517.2
352.7 383.5 369.6 405.5 399.0 375.9 385.4 405.4
849.5 877.2 880.0 879.8 880.3 883.2 879.0 876.3
1,150.4 1,189.8 1,184.7 1,192.2 1,201.1 1,216.9 1,223.1 1,235.4
636.1
628.7
454.1
149.4

654.0
640.2
443.8
130.3

665.6
637.6
441.0
128.4

645.0
638.8
437.7
122.7

631.0
645.4
443.2
124.6

671.8
624.2
426.0
120.4

673.7
634.7
437.9
120.4

682.0
658.0
464.2
126.8

304.8
174.6

313.5
196.4

312.6
196.5

315.0
201.1

318.6
202.2

305.6
198.2

317.5
196.8

337.4
193.8

7.4
12.0
46

13.8
15.4
16

28.1
23.9
4.2

6.1 -14.4
.1
2.3
6.0
16.6

47.6
43.9
3.7

39.0
22.7
16.3

24.1
9.4
14.7

-108.2 -145.8
365.3 377.4
473.6 523.2

146 8
370.2
517.0

161.6
379.6
541.2

151.8 -135.2 -132.7 -134.9
433.3
388.3 397.8 414.5
540.1
533.0 547.2 568.2

751.6
330.6
250.1
80.4
421.0

757.2
332.6
259.8
72.8
424.6

771.8
344.6
252.7
91.9
427.1

726.9
324.2
236.7
87.5
402.7

754.5
332.5
250.7
81.8
422.1

759.6
327.3
257.4
69.9
432.3

766.7
332.6
263.5
69.1
434.1

769.1
333.3
265.3
67.9
435.8

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.

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

Seasonally adjusted at annual rates

1985

II

Gross national product
Final sales
Change in business
inventories
Goods
..
Final sales
Change in business
Durable goods
Final sales
Change in business
Nondurable goods
Final sales .
Change in business
inventories
Services
Structures

III

1985

1987

1986

1986

IV

I

II

40.3
22.5
3.5 -6.4
51.6
10.0
15.7
27.5
1,637.9 1,693.8 1,689.9 1,703.5 1,698.9 1,738.7 1,763.5 1,794.9
1,627.9 1,678.0 1,662.4 1,700.0 1,705.3 1,687.1 1,723.2 1,772.4
40.3
756.7
734.6

10.0
704.3
696.9

15.7
726.8
721.9

27.5
717.0
707.0

3.5
735.8
747.9

64
737.3
741.8

51.6
747.0
711.9

7.3

4.8
967.0
956.1

10.1
972.9
955.4

12.1
967.8
952.1

-4.5
961.6
963.5

35.2
22.1
3.0
991.7 1,006.8 1,014.3
975.2 988.6 988.7

933.6
931.0

22.5
780.6
783.7

18.2
25.6
16.5
15.6
1.9
2.7
10.9
17.5
1,969.3 2,116.2 2,097.9 2,136.6 2,160.0 2,212.0 2,252.2 2,289.7
423.8 425.7 429.3 426.9 429.4 435.8
403.1
425.1

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




II

IIP

4,010.3 4,235.0 4,211.6 4,265.9 4,288.1 4,377.7 4,445.1 4,520.5
4,000.3 4,219.3 4,184.0 4,262.4 4,294.6 4,326.0 4,404.8 4,497.9

1986

1986

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

III

1987
IV

I

II

IIP

3,607.5 3,713.3 3,704.7 3,718.0 3,731.5 3,772.2 3,795.3 3,833.4
3,600.1 3,699.5 3,676.7 3,711.9 3,745.8 3,724.5 3,756.3 3,809.3

39.0
7.4
6.1 -14.4
24.1
13.8
47.6
28.1
1,548.6 1,595.0 1,594.4 1,593.7 1,602.6 1,626.0 1,638.2 1,663.7
1,541.2 1,581.3 1,566.4 1,587.5 1,616.9 1,578.4 1,599.2 1,639.7
7.4
688.0
681.6

13.8
716.9
712.6

28.1
705.9
696.9

6.1 -14.4
724.8 731.2
735.9 735.5

47.6
739.2
707.8

39.0
753.2
733.4

24.1
781.9
783.9

6.4

4.3
878.1
868.6

9.0
888.5
869.5

11 1
868.8
851.6

31.4
886.8
870.6

19.9
885.0
865.9

20
881.8
855.8

860.6
859.7

-4.3
871.4
881.4

17.2 -10.0
19.1
.9
16.2
26.1
9.5
19.1
1,679.5 1,730.8 1,724.2 1,738.7 1,741.3 1,764.0 1,777.4 1,787.9
379.4 387.4 386.0 385.6 387.5 382.1 379.7 381.8

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