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SURVEY OF CURRENT BUSINESS

March 1988

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1987, revised ( r ) .
The selected set of 52 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are
updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 130 tables usually shown in July presents annual
NIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They
are Released, Where They Are Available, and How They Are Presented" in the January 1988 SURVEY.
The full set of estimates for 1984-86 is in the July 1987 issue of the SURVEY; estimates for 1983 are in the July 1986 issue. Estimates for
1929-82 are in National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent of Documents; see address on inside front cover.
The full set of NIPA tables is available on diskette for $240 per year (12 updates, for the quarterly estimates prepared each month). 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

Seasonally adjusted at annual rates

1987r

1986

III

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

1987

1986
IV

I

II

1987r

1986
III

IV r

4,235.0 4,488.5 4,265.9 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4

III

Gross national product

1987

1986
IV

I

IV

III

II

3,713.3 3,821.0 3,718.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8

2,799.8 2,967.8 2,837.1 2,858.6 2,893.8 2,943.7 3,011.3 3,022.6

Personal consumption
expenditures

2,450.5 2,497.2 2,477.5 2,480.5 2,475.9 2,487.5 2,520.7 2,504.6

402.4 413.7
396.1 409.0 436.8 413.0
427.6 419.8
939.4 982.9 940.0 946.3 969.9 982.1
986.4 993.1
1,458.0 1,571.2 1,469.5 1,492.4 1,527.7 1,552.6 1,588.1 1,616.5

Durable goods
Nondurable goods
Services

383.5 388.2 405.5 399.0 375.9 385.4 406.9 384.5
877.2 878.1 879.8 880.3 883.2 879.0 875.7 874.6
1,189.8 1,230.9 1,192.2 1,201.1 1,216.9 1,223.1 1,238.1 1,245.6

671.0

717.5

660.8

660.2

699.9

702.6

707.4

760.2

655.2
436.9
137.4

671.5
443.4
134.2

657.3
433.5
131.1

666.6
439.7
132.9

648.2
422.8
128.7

662.3
434.6
129.7

684.5
456.6
137.1

690.8
459.6
141.1

299.5
218.3

309.2
228.1

302.4
223.8

306.7
226.9

294.1
225.4

304.9
227.7

319.5
227.9

318.5
231.2

15.7
16.8
-1.1

46.1
36.2
9.9

3.5
-.9
4.5

-6.4
5.1
-11.6

51.6
48.7
2.9

40.3
27.3
13.0

22.9
11.1
11.7

69.4
57.5
12.0

Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment ... .
Residential
Change in business
inventories
Nonfarm
Farm

654.0

687.6

645.0

631.0

671.8

673.7

681.9

723.1

640.2
443.8
130.3

644.7
448.3
124.5

638.8
437.7
122.7

645.4
443.2
124.6

624.2
426.0
120.4

634.7
437.9
120.4

657.3
463.8
127.2

662.6
465.6
129.8

313.5
196.4

323.9
196.4

315.0
201.1

318.6
202.2

305.6
198.2

317.5
196.8

336.6
193.5

335.8
197.0

13.8
15.4
-1.6

42.9
32.5
10.4

6.1
.1
6.0

144
2.3
-16.6

47.6
43.9
3.7

39.0
22.7
16.3

24.6
12.1
12.5

60.5
51.5
9.0

Net exports of goods and
145 8 -135.5 -161.6 -151.8

-105.5 -119.6 -110.5 -116.9 -112.2 -118.4 -123.7 -124.3
- 376.2
481.7

427.8
547.4

376.6
487.1

383.3
500.2

397.3
509.5

416.5
534.8

439.2
562.9

458.1
582.4

869.7

922.8

878.5

886.3

896.2

917.1

929.0

948.8

366.2
277.8
88.4
503.5

379.4
295.2
84.2
543.4

371.2
287.6
83.6
507.3

368.6
279.0
89.6
517.7

366.9
287.5
79.4
529.3

379.6
294.5
85.1
537.6

382.1
299.0
83.0
546.9

388.9
299.8
89.2
559.9

Exports
Imports..

..

Government purchases of goods
and services
Federal
National defense
Nondefense
State and local

135.2

132.7

138.4 -135.8

377.4
523.2

425.8
561.3

379.6
541.2

388.3
540.1

397.8
533.0

414.5
547.2

437.1
575.6

754.5

771.7

757.2

771.8

759.6

766.7

771.7

788.9

332.5
250.7
81.8
422.1

336.0
264.2
71.7
435.8

332.6
259.8
72.8
424.6

344.6
252.7
91.9
427.1

327.3
257.4
69.9
432.3

332.6
263.5
69.1
434.1

336.3
268.3
67.9
435.4

347.6
267.7
80.0
441.3

453.5
589.3

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

1986

1987r
III

Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories

I

II

III

15.7

46.1

3.5

-6.4

51.6

40.3

22.9

69.4

1,693.8 1,782.2 1,703.5 1,698.9 1,738.7 1,763.5 1,798.3 1,828.4
1,678.0 1,736.2 1,700.0 1,705.3 1,687.1 1,723.2 1,775.4 1,758.9

Durable goods
Final sales
Change in business
inventories

726.8
721.9

Nondurable goods
Final sales
Change in business
inventories

967.0 1,008.9
956.1 988.2

4.8

10.9

3.5

-6.4

51.6

40.3

22.9

69.4

773.3
748.0

735.8
747.9

737.3
741.8

747.0
711.9

756.7
734.6

785.7
787.6

803.8
757.7

25.3

-12.1

-4.5

22.1

-1.9

46.0

967.8
952.1

961.6
963.5

15.6

-1.9

20.7

35.2

991.7 1,006.8 1,012.6 1,024.6
975.2 988.6 987.8 1,001.2

16.5

18.2

24.8

23.4

2,116.2 2,271.3 2,136.6 2,160.0 2,212.0 2,252.2 2,289.3 2,331.5
425.1

435.0

425.7

429.3

426.9

429.4

436.4

447.5

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




1987r

IV

1986
III

4,235.0 4,488.5 4,265.9 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4

46.1

Structures

IV

1986

4,219.3 4,442.5 4,262.4 4,294.6 4,326.0 4,404.8 4,501.1 4,537.9

15.7

Services

Seasonally adjusted at annual rates

1987

1986

Gross national product
Final sales.
Change in business
inventories.
Goods
Final sales
Change in business
inventories

1987
IV

I

II

III

IV

3,713.3 3,821.0 3,718.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8
3,699.5 3,778.1 3,711.9 3,745.8 3,724.5 3,756.3 3,811.4 3,820.3

13.8

42.9

6.1

-14.4

47.6

39.0

24.6

60.5

1,595.0 1,655.2 1,593.7 1,602.6 1,626.0 1,638.2 1,666.8 1,689.7
1,581.3 1,612.3 1,587.5 1,616.9 1,578.4 1,599.2 1,642.2 1,629.2

13.8

42.9

6.1

-14.4

47.6

39.0

24.6

60.5

724.8
735.9

731.2
735.5

739.2
707.8

753.2
733.4

786.4
787.3

803.3
761.4

Durable goods
Final sales
Change in business
inventories

716.9
712.6
4.3

23.1

43

31.4

19.9

10

41.9

Nondurable goods
Final sales
Change in business
inventories

878.1
868.6

884.7
864.8

868.8
851.6

871.4
881.4

886.8
870.6

885.0
865.9

880.4
854.9

886.4
867.8

19.9

17.2

-10.0

16.2

19.1

25.5

18.6

Services .
Structures

9.5

770.5
747.5

-11.1

1,730.8 1,782.1 1,738.7 1,741.3 1,764.0 1,777.4 1,787.1 1,800.0
387.4

383.7

385.6

387,5

382.1

379.7

382.0

391.0

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