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SURVEY OF CURRENT BUSINESS

September 1988

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Second quarter 1988, revised ( r ).
The selected set of 54 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 132 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 July 1988 SURVEY.
The full set of estimates for 1985-87 is in the July 1988 issue of the SURVEY; estimates for 1984 are in the July 1987 issue; 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. 003010-00174-7, 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

1987

1986

1987
I

Gross national product

III

IV

I

1987

1988

1987
I

IF

4,240.3 4,526.7 4,391.8 4,484.2 4,568.0 4,662.8 4,724.5 4,823.8

II

IV

III

IIr

I

3,721.7 3,847.0 3,776.7 3,823.0 3,865.3 3,923.0 3,956.1 3,985.2

Gross national product

2,807.5 3,012.1 2,921.7 2,992.2 3,058.2 3,076.3 3,128.1 3,194.6

Durable goods
Nondurable goods
Services
Gross private domestic
investment

Personal consumption
expenditures

2,455.2 2,521.0 2,490.2 2,516.6 2,545.2 2,531.7 2,559.8 2,579.0

406.5 421.9
403.5 420.5 441.4
422.0 437.8 449.8
943.6 997.9 977.5 995.3 1,006.6 1,012.4 1,016.2 1,036.6
1,457.3 1,592.3 1,540.7 1,576.4 1,610.2 1,641.9 1,674.1 1,708.2

Personal consumption
expenditures

Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm

II

1986

1988

Durable goods
Nondurable goods
Services .

385.0 390.9 378.3 391.3 406.5 387.6 401.1 410.6
879.5 890.5 889.9 889.8 891.9 890.5 892.7 893.6
1,190.7 1,239.5 1,222.0 1,235.5 1,246.8 1,253.6 1,265.9 1,274.8

Gross private domestic
investment

665.9

698.5

702.8

764.9

763.4

673.7
446.8
139.5

647.8
422.8
132.7

665.8
438.2
134.4

688.3
462.1
143.0

692.9
464.1
147.7

698.1
471.5
140.1

758.1
714.4
487.8
142.3

295.4
216.6

307.3
226.9

290.1
225.0

303.8
227.6

319.1
226.2

316.3
228.8

331.3
226.6

345.5
226.5

15.5
17.4
-1.9

Net exports of goods and
services ..

685.5

650.4
433.9
138.5

,

712.9

39.2
40.7
-1.5

37.7
40.9
-3.2

32.7
31.4
1.3

14.5
17.8
-3.3

72.0
72.8
-.8

65.3
49.4
15.9

43.7
33.1
10.6

Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm

125.7 -112.1

90.4

378.4
482.8

Federal
National defense
Nondefense
State and local

395.3
514.4

416.8
539.0

440.4
565.6

459.7
585.4

487.8
599.9

507.1
597.5

924.7

903.8

915.7

932.2

947.3

945.2

961.6

366.2
277.5
88.7
505.0

Government purchases of goods
and services

428.0
551.1

871.2

Exports
Imports

382.0
295.3
86.7
542.8

372.7
287.3
85.4
531.1

377.5
294.8
82.6
538.2

386.3
299.8
86.4
546.0

391.4
299.2
92.2
555.9

377.7
298.4
79.3
567.5

382.2
298.8
83.4
579.4

Exports
Imports
Government purchases of goods
and services
FederalNational defense
Nondefense
State and local .

660.1
632.3
434.8
120.9

667.9

724.7

728.9

715.1

616.6
418.2
121.0

654.9
462.8
128.0

657.6
464.8
132.1

662.9
473.4
124.0

679.7
490.2
125.0

303.8
195.0

319.6
195.2

297.2
198.4

313.8
197.6

334.7
192.1

332.7
192.7

349.4
189.5

365.1
189.6

15.4
17.9
-2.5

34.4
36.9
-2.5

29.8
36.1
-6.3

27.8
25.0
2.7

13.0
18.3
53

66.0
51.9
14.1

35.3
30.1
5.3

-137.5 -128.9

643.5

Net exports of goods and
services ..

-104.4 -123.0 -119.1 -122.2 -125.2

674.8
640.4
445.1
125.5

646.4

628.1
433.1
129.3

,

,

67.1
68.2
11

132.8

126.0

130.7 -126.0 -109.0 -92.6

378.4
515.9

427.8
556.7

394.9
527.7

416.4
542.3

440.9
571.6

459.2
585.2

486.2
595.1

496.9
589.5

760.5

780.2

772.9

772.2

782.9

792.6

776.4

783.8

333.4
251.4
82.0
427.1

339.0
264.9
74.1
441.2

334.0
257.0
77.0
438.9

332.1
264.8
67.3
440.1

342.1
269.5
72.6
440.8

347.7
268.2
79.5
444.9

327.8
264.6
63.2
448.7

331.6
263.6
67.9
452.2

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

I

Final sales
Change in business
inventories

Services
Structures

IV

I

15.5
,

39.2

37.7

32.7

14.5

72.0

65.3

43.7

725.3
721.1

776.3
749.7

737.2
708.4

767.1
742.8

792.2
789.3

808.7
758.2

819.3
792.7

849.5
831.6

4.3

26.6

972.6 1,016.2
961.3 1,003.6

17.8
26.6
50.5
24.3
2.9
28.8
996.1 1,007.5 1,020.7 1,040.7 1,060.1 1,078.5
987.3 999.1 1,009.1 1,019.1 1,021.5 1,052.7

25.9
38.6
21.6
11.6
8.4
8.9
11.3
12.6
2,118.4 2,295.7 2,228.4 2,276.2 2,314.4 2,363.9 2,405.2 2,451.5
424.0 438.4 430.0 433.4 440.6 449.5 439.9 444.3

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




1987

IIr

43.7
65.3
72.0
14.5
32.7
37.7
39.2
15.5
1,697.9 1,792.5 1,733.4 1,774.5 1,812.9 1,849.3 1,879.5 1,928.0
1,682.3 1,753.3 1,695.7 1,741.8 1,798.4 1,777.3 1,814.2 1,884.3

Goods

Nondurable goods
Final sales
Change in business
inventories

III

1986

4,240.3 4,526.7 4,391.8 4,484.2 4,568.0 4,662.8 4,724.5 4,823.8
4,224.7 4,487.5 4,354.1 4,451.5 4,553.5 4,590.7 4,659.2 4,780.1

Gross national product
Final sales
Change in business
inventories

Durable goods
Final sales
Change in business
inventories

II

Seasonally adjusted at annual rates

1988

1987

1987

1987
I

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

II

1988
III

IV

I

ir

3,721.7 3,847.0 3,776.7 3,823.0 3,865.3 3,923.0 3,956.1 3,985.2
3,706.3 3,812.6 3,746.9 3,795.2 3,852.2 3,855.9 3,890.1 3,949.9

15.4
34.4
29.8
27.8
67.1
13.0
66.0
35.3
1,599.0 1,663.3 1,616.2 1,645.6 1,677.5 1,713.9 1,748.1 1,762.4
1,583.5 1,628.9 1,586.4 1,617.8 1,664.5 1,646.8 1,682.2 1,727.1
15.4

34.4

29.8

27.8

13.0

67.1

66.0

35.3

Durable goods
Final sales
Change in business
inventories

714.6
710.7

774.6
750.7

728.0
702.3

763.8
742.3

793.7
790.8

812.7
767.2

832.5
809.0

861.7
845.8

23.9

25.7

21.5

2.9

45.5

23.5

15.9

Nondurable goods
Final sales
Change in business
inventories

884.4
872.8

888.8
878.2

888.1
884.1

881.8
875.5

883.8
873.7

901.2
879.6

915.6
873.2

900.7
881.3

11.6

10.5

4.1

6.3

10.1

21.6

42.4

19.4

Services
Structures

3.8

1,738.1 1,801.1 1,778.2 1,797.2 1,806.6 1,822.3 1,833.4 1,846.1
384.7 382.6 382.4 380.2 381.1 386.7 374.6 376.7

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