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SURVEY OF CURRENT BUSINESS

May 1988

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: First quarter 1988, 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
1986

1987

1986

I

IV
Gross national product
Personal consumption
expenditures .
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidentifd

1987

n

Seasonally adjusted at annual rates

1988

m

2,799.8 2,967.8 2,858.6 2,893.8 2,943.7 3,011.3 3,022.6 3,071.9
402.4 413.7 419.8 396.1 409.0 436.8 413.0 426.4
939.4 982.9 946.3 969.9 982.1 986.4 993.1 998.8
1,458.0 1,571.2 1,492.4 1,527.7 1,552.6 1,588.1 1,616.5 1,646.8
717.5

655.2
436.9
137.4

671.5
443.4
134.2

660.2
666.6
439.7
132.9

699.9
648.2
422.8
128.7

702.6
662.3
434.6
129.7

707.4
684.5
456.6
137.1

1987

V

IV

4,235.0 4,488.5 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4 4,668.7

671.0

1986

760.2
690.8
459.6
141.1

756.7
704.3
477.4
140.0

Producers' durable
299.5 309.2 306.7 294.1 304.9 319.5 318.5 337.4
equipment
218.3 228.1 226.9 225.4 227.7 227.9 231.2 226.9
Residential
Change in business
22.9
51.6
40.3
69.4
52.4
46.1
-6.4
15.7
inventories
....
48.7
27.3
11.1
36.2
57.5
16.8
36.2
5.1
Nonfarm
.
13.0
11.7
16.3
2.9
12.0
-1.1
9.9 -11.6
Farm
Net exports of goods and
-105.5 -119.6 -116.9 -112.2 -118.4 -123.7 -124.3 -109.4
services
376.2 427.8 383.3 397.3 416.5 439.2 458.1 482.7
Exports
547.4 500.2 509.5 534.8 562.9 582.4 592.1
481.7
Imports
Government purchases of goods
869.7 922.8 886.3 896.2 917.1 929.0 948.8 949.5
and services
.
366.2 379.4 368.6 366.9 379.6 382.1 388.9 379.7
Federal
National defense
, 277.8 295.2 279.0 287.5 294.5 299.0 299.8 301.5
79.4
85.1
83.0
78.2
89.2
84.2
89.6
88.4
Nondefense
503.5 543.4 517.7 529.3 537.6 546.9 559.9 569.8
State and local

1986

1988

1987

IV

I

n

m

r

IV

3,713.3 3,821.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8 3,918.0

Gross national product

Personal consumption
2,450.5 2,497.2 2,480.5 2,475.9 2,487.5 2,520.7 2,504.6 2,530.9
expenditures
383.5 388.2 399.0 375.9 385.4 406.9 384.5 396.7
Durable goods
877.2 878.1 880.3 883.2 879.0 875.7 874.6 878.4
Nondurable goods
Services
. . . . 1,189.8 1,230.9 1,201.1 1,216.9 1,223.1 1,238.1 1,245.6 1,255.7
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories

654.0
640.2
443.8
130.3

687.6
644.7
448.3
124.5

631.0

671.8

723.1

624.2
426.0
120.4

673.7
634.7
437.9
120.4

681.9

645.4
443.2
124.6

657.3
463.8
127.2

662.6
465.6
129.8

735.7
680.3
488.1
127.6

313.5
196.4

.
•

323.9
196.4

318.6
202.2

305.6
198.2

317.5
196.8

336.6
193.5

335.8
197.0

360.5
192.2

42.9 -14.4
2.3
32.5
10.4 -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

55.4
37.6
17.8

13.8
15.4
-1.6

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

-145.8 -135.5 -151.8 -135.2 -132.7 -138.4 -135.8 -119.1
377.4 425.8 388.3 397.8 414.5 437.1 453.5 475.3
523.2 561.3 540.1 533.0 547.2 575.6 589.3 594.3
754.5
332.5
250.7
81.8
422.1

771.7

771.8

336.0
264.2
71.7
435.8

344.6
252.7
91.9
427.1

759.6
327.3
257.4
69.9
432.3

766.7
332.6
263.5
69.1
434.1

771.7

336.3
268.3
67.9
435.4

788.9
347.6
267.7
80.0
441.3

770.5
327.5
264.8
62.7
443.0

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
1986

1987

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

1987

1986

I

n

1988

m

rv

52.4
51.6
22.9
69.4
15.7
40.3
46.1 -6.4
1,693.8 1,782.2 1,698.9 1,738.7 1,763.5 1,798.3 1,828.4 1,854.1
1,678.0 1,736.2 1,705.3 1,687.1 1,723.2 1,775.4 1,758.9 1,801.6
15.7

-6.4

51.6

40.3

22.9

69.4

52.4

737.3
741.8

747.0
711.9

756.7
734.6

785.7
787.6

803.8
757.7

812.8
795.0

35.2

22.1

-1.9

46.0

17.8

46.1
773.3
748.0

4.8

25.3

-4.5

967.0 1,008.9
956.1 988.2

961.6
963.5

991.7 1,006.8 1,012.6 1,024.6 1,041.3
975.2 988.6 987.8 1,001.2 1,006.6

10.9
20.7
16.5
18.2
34.7
-1.9
24.8
23.4
2,116.2 2,271.3 2,160.0 2,212.0 2,252.2 2,289.3 2,331.5 2,372.8
425.1 435.0 429.3 426.9 429.4 436.4 447.5 441.8

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




1987

Ir

4,235.0 4,488.5 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4 4,668.7
4,219.3 4,442.5 4,294.6 4,326.0 4,404.8 4,501.1 4,537.9 4,616.3

726.8
721.9

1986

1986

IV
Gross national product
Final sales
Change in business
inventories

*

*

1988

m

IV

p

3,713.3 3,821.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8 3,918.0
3,699.5 3,778.1 3,745.8 3,724.5 3,756.3 3,811.4 3,820.3 3,862.6

13.8

42.9

-14.4

47.6

716.9
712.6

Durable goods
Final sales
Change in business
inventories

Services
Structures

n

39.0
55.4
60.5
47.6
24.6
13.8
42.9 -14.4
1,595.0 1,655.2 1,602.6 1,626.0 1,638.2 1,666.8 1,689.7 1,725.7
1,581.3 1,612.3 1,616.9 1,578.4 1,599.2 1,642.2 1,629.2 1,670.3

Goods
Final sales
Change in business
inventories

Nondurable goods - ,
Final sales
Change in business
inventories

1987

I

770.5
747.5

731.2
735.5

739.2
707.8

39.0
753.2
733.4

24.6

786.4
787.3

60.5
803.3
761.4

55.4

825.7
808.7

4.3

,, --•,, ,,

23.1

-4.3

31.4

19.9

-1.0

41.9

17.0

878.1
868.6

884.7
864.8

871.4
881.4

886.8
870.6

885.0
865.9

880.4
854.9

886.4
867.8

900.0
861.7

38.4
18.6
16.2
25.5
19.1
19.9 -10.0
9.5
1,730.8 1,782.1 1,741.3 1,764.0 1,777.4 1,787.1 1,800.0 1,809.8
387.4 383.7 387.5 382.1 379.7 382.0 391.0 382.5

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