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SURVEY OF CURRENT BUSINESS June 1992 NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: First quarter 1992, revised. 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] S>easonal y adjuste d at ann ual rates Seasonally adjusted at annual rates 1990 1991 1990 IV 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 Imoorts Government purchases Federal National defense Nondefense State and local I II III IV 3,742.6 3,889.1 3,812.0 3,827.7 3,868.5 3,916.4 3,943.7 4,020.6 465.9 445.2 451.9 440.7 440.0 452.9 447.3 465.7 1,217.7 1,251.9 1,246.4 1,246.3 1,252.9 1,257.4 1,251.1 1,272.7 2,059.0 2,191.9 2,113.6 2,140.7 2,175.6 2,206.1 2,245.2 2,282.1 802.6 726.7 750.9 709.3 708.8 740.9 747.9 728.4 802.7 587.0 198.7 745.2 550.1 174.6 787.4 585.2 191.2 748.4 560.0 184.0 745.8 554.6 180.0 744.5 546.8 169.0 742.0 539.0 165.2 750.2 541.7 165.8 388.3 215.7 375.5 195.1 394.0 202.2 375.9 188.4 374.7 191.2 377.8 197.7 373.8 203.0 375.9 208.5 -37.1 -34.0 -3.5 -36.5 -28.9 76 -39.2 -35.0 -4.2 -3.1 -74.4 -30.7 -76.6 -36.8 -17.2 -37.3 -31.4 -24.2 550.4 624.8 591.3 622.0 572.6 649.2 565.9 602.7 589.8 607.0 597.0 634.3 612.5 643.8 617.7 641.9 -2.0 2.0 -18.5 -15.0 -3.6 -3.2 -.4 6.0 12.1 -6.1 -2.9 1,042.9 1,087.5 1,071.2 1,088.8 1,092.5 1,089.1 1,079.5 1,095.9 424.9 313.4 111.5 618.0 445.1 323.5 121.6 642.4 434.5 320.6 113.9 636.7 451.5 332.3 119.2 637.3 452.1 328.4 123.7 640.4 444.9 322.3 122.6 644.2 432.0 311.0 121.0 647.5 NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1. -21.8 -18.9 440.6 313.7 127.0 655.3 IV 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 19 91 1990 1991 I 5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6 0 1990 1992 1991 I II 1992 IV III 4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 I 4,868.0 4,900.9 3,262.6 3,259.0 3,251.8 3,241.1 3,252.4 3,271.2 3,271.1 3,311.3 4277 4122 4089 4183 4240 4108 4389 4125 1,050.8 1,043.0 1,044.7 1,043.9 1,046.2 1,046.1 1,035.8 1,049.2 1 773.0 1 8034 1 7831 1 786.3 17972 1 8068 1 ,823 1 1,8344 744.5 673.7 696.6 657.0 656.3 686.5 694.9 679.7 744.2 5488 177.9 687.6 689.8 686.8 686.5 5124 1540 727.8 5445 5148 1589 5100 1484 696.3 5095 1704 5191 1633 687.2 5056 3708 195.5 3583 175.2 3740 183.3 3558 170.7 3558 172.0 361 6 176.5 -13.9 -13.9 -31.2 -25.7 -30.4 -30.8 -55 -32.8 -31.1 -1 7 4 .2 -1.5 .1 1454 1463 3601 3632 186.8 181.7 -16.6 -16.3 29 7.6 9.2 -1 6 -2.8 17 o -51.3 -20.9 -31.2 -18.6 -12.3 -31.1 -21.3 -20.1 505.7 5570 537.8 5587 522.5 5537 512.5 531 1 535.7 5480 545.2 5763 558.0 5793 561.4 581 5 929.1 937.1 937.9 944.5 944.3 936.1 923.3 930.0 380.9 281 3 384.9 281 4 382.6 2820 391.7 2894 392.7 2870 384.5 2804 370.7 2687 371.7 2664 996 5482 -3 1035 1006 1023 1057 1041 1020 1053 5522 5553 5527 551 7 551 6 5527 5583 NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1. SURVEY OF CURRENT BUSINESS 4 • June 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 1991 1990 1990 IV Gross domestic product Final sales of domestic product Change in business inventories Goods1 1992 1991 II I III IV 5,513.8 5,691.1 5,594.0 5,628.2 5,689.6 5,712.8 5,733.8 5,842.5 -18.5 -36.5 -39.2 -37.1 -3.6 6.0 -21.8 2,167.6 2,193.2 2,158.0 2,169.4 2,186.1 2,210.5 2,206.8 2,221.3 Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Services l 2,167.6 2,211.7 2,194.5 2,208.6 2,223.2 2,214.1 2,200.8 2,243.1 0 -18.5 -36.5 -39.2 -37.1 -3.6 927.7 934.6 901.3 926.5 897.7 927.2 873.0 916.4 906.1 939.5 920.3 929.4 906.1 920.5 909.1 936.1 -7.0 -25.1 -29.4 -43.5 -33.5 -9.2 -14.5 -27.0 6.0 -21.8 1,239.9 1,291.9 1,260.2 1,296.4 1,280.1 1,290.3 1,300.7 1,312.2 1,233.0 1,285.2 1,267.3 1,292.1 1,283.7 1,284.7 1,280.3 1,307.1 6.9 6.7 -7.1 4.3 -3.6 5.6 5.2 20.4 2,834.0 3,012.9 2,905.5 2,951.7 2,999.0 3,035.1 3,065.7 3,121.4 512.2 Structures 466.5 494.0 467.9 467.4 463.5 467.3 1990 IV I 5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6 0 1991 1990 478.0 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 1992 1991 II I I IV III 4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,900.9 4,884.7 4,862.7 4,886.3 4,856.8 4,871.2 4,862.6 4,860.3 4,917.5 .2 -13.9 -31.2 -32.8 -30.4 .1 7.6 -16.6 1,958.0 1,929.0 1,928.6 1,917.0 1,922.0 1,940.5 1,936.4 1,942.2 1,957.8 1,942.9 1,959.8 1,949.8 1,952.4 1,940.4 1,928.8 1,958.8 -13.9 -31.2 -32.8 -30.4 .1 7.6 886.2 892.9 850.1 873.0 857.5 884.8 827.0 866.4 852.8 883.3 865.5 873.9 855.1 868.6 857.9 882.5 -6.7 -22.9 -27.3 -39.4 -30.5 -8.4 -13.4 -24.5 .2 -16.6 1,071.8 1,078.8 1,071.1 1,090.0 1,069.2 1,074.9 1,081.3 1,084.3 1,065.0 1,069.8 1,075.0 1,083.4 1,069.1 1,066.5 1,060.2 1,076.3 6.9 9.0 6.6 -3.9 .1 8.4 8.0 21.1 2,464.8 2,504.6 2,481.8 2,487.6 2,502.7 2,511.8 2,516.2 2,532.4 462.0 415.3 444.6 419.4 416.1 410.4 415.3 426.3 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 1987 dollars] [Billions of dollars] Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases l Less: Change in business inventories Equals: Final sales to domestic purchasers2 5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6 5504 591 3 5726 5659 5898 5970 6125 6177 624.8 622.0 649.2 6027 607.0 6343 643.8 641.9 5,588.1 5,703.3 5,634.0 5,625.8 5,669.8 5,746.5 5,771.1 5,844.8 Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases l -21.8 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 5,866.6 Equals: Final sales to domestic purchasers2 0 -18.5 -365 -392 -37.1 -36 6.0 4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,900.9 5057 5378 5225 5125 5357 5452 558.0 561.4 557.0 558.7 553.7 531.1 548.0 576.3 579.3 581.5 4,936.2 4,869.7 4,886.3 4,842.6 4,853.1 4,893.8 4,889.3 4,921.0 .2 -13.9 -31.2 -32.8 -30.4 .1 7.6 -16.6 4,936.0 4,883.6 4,917.5 4,875.4 4,883.5 4,893.7 4,881.7 4,937.6 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 5,820.6 4,699.4 4,803.3 4,722.3 4,734.7 4,786.8 4,835.0 4,856.8 4,921.3 Nonfarm 46056 47039 46404 46401 46872 47301 4,758.0 4,805.9 Nonfarm less housing .... 4,155.8 4,230.9 4,180.6 4,175.7 4,217.6 4,256.0 4,274.3 4,320.0 Housing 449.8 472.9 459.8 464.3 469.7 474.1 483.7 485.9 79.2 81.2 85.7 80.4 79.8 76.6 83.1 82.9 Farm 34.2 19.6 2.1 16.5 22.0 19.0 Statistical discrepancy 8.1 18.0 246.4 233.3 237.5 243.7 249.9 254.3 259.3 9.1 I 95 216.1 236.8 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 589.2 622.9 601.9 616.8 622.0 624.3 628.6 640.0 Federal State and local 179.4 409.8 188.8 434.1 181.0 420.9 189.4 427.4 188.7 433.2 188.4 435.9 188.6 440.0 195.8 444.2 Households and institutions Private households Nonprofit institutions Addendum: Gross domestic business product less housing 225.1 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 4,900.9 4,180.4 4,134.7 4,145.1 4,111.4 4,126.4 4,148.6 4,152.4 4,184.3 Nonfarm 4,101.9 4,045.1 4,071.2 4,024.6 4,040.1 4,055.6 4,060.2 4,079.7 Nonfarm less housing .... 3,711.3 3,650.4 3,678.3 3,631.2 3,645.9 3,660.4 3,664.0 3,682.5 Housing 390.6 394.8 392.9 393.4 394.2 395.2 396.3 397.2 Farm . 75.4 75.5 714 73.2 71.1 72.1 74.1 720 16.4 15.7 16.8 Statistical discrepancy 7.2 1.9 14.3 18.9 29.1 195.7 202.1 197.9 198.8 201.1 203.1 205.4 207.0 8.6 187.1 8.6 193.5 84 189.4 8.4 190.4 8.6 192.6 8.6 194.5 8.6 196.7 8.7 198.3 General government 508.8 512.0 512.1 513.9 513.2 511.0 510.2 509.6 Federal State and local 1557 3531 1551 1562 1570 1544 356.9 3560 356.9 155.5 357.7 153.5 356.6 152.4 357.2 Households and institutions Private households Nonprofit institutions Addendum: Gross domestic business product less housing 3,785.8 356.6
@FedFRASER