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SURVEY OF CURRENT BUSINESS May 1989 National Income and Product Accounts Tables Selected NIPA Tables New estimates in this issue: First quarter 1989, revised. 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. 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 $200 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 1987 1988 1987 IV Gross national product Personal consumption expenditures 1988 I m 1 iv II Seasonally adjusted at annual rates 1989 1988 V 1987 1988 I IV II 1989 III IV P 4,526.7 4,864.3 4,662,8 4,724.5 4,823.8 4,909.0 4,999.7 5,105.0 Gross national product 3,847.0 3,996.1 3,923.0 3,956.1 3,985.2 4,009.4 4,033.4 4,076.5 3,012.1 3,227.5 3,076.3 3,128.1 3,194.6 3,261.2 3,326.4 3,377.2 Personal consumption expenditures 2,521.0 2,592.2 2,531.7 2,559.8 2,579.0 2,603.8 2,626.2 2,633.6 421.9 451.1 422.0 437.8 449.8 452.9 464.0 459.4 ... 997.9 1,046.9 1,012.4 1,016.2 1,036.6 1,060.8 1,073.9 1,093.0 1,592.3 1,729,6 1,641.9 1,674.1 1,708.2 1,747.5 1,788.5 1,824.8 Durable goods.. Nondurable goods. <• Services ... 1987 Durable goods Nondurable goods Services 390.9 409.7 387.6 401.1 410.6 410.4 416.5 411.9 890.5 899.6 890.5 892.7 893.6 904.5 907.4 911.4 1,239.5 1,283.0 1,253.6 1,265.9 1,274.8 1,288.9 1,302.2 1,310.3 Gross private domestic investment 712.9 766.5 764.9 763.4 758.1 772.5 772.0 793.6 Gross private domestic investment ...... 674.8 721.8 724.7 728.9 715.1 726.1 717;1 732.4 Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories Nonfarm Farm 673.7 446.8 139.5 307.3 226.9 39.2 40.7 -1.5 718.1 488.4 142.8 345.6 229.7 48.4 42.2 6.1 692.9 464.1 147.7 316.3 228.8 72.0 72.8 -.8 698.1 471.5 140.1 331.3 226.6 65.3 49.4 15.9 714.4 487.8 142.3 345.5 226.5 43.7 33.1 10.6 722.8 493.7 143.8 349.9 229.1 49.7 41.9 7.8 737.2 500.6 145.0 355.6 236.6 34.7 44.6 -9.8 750.0 512.9 148.5 364.4 237.1 43.5 29.3 14.3 Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories Nonfarm Farm 640.4 445.1 125.5 319.6 195.2 34.4 36.9 -2.5 679.3 487.5 125.1 362.4 191.8 42.5 40.0 2.5 657.6 464.8 132.1 332.7 192.7 67.1 68.2 -1.1 662.9 473.4 124.0 349.4 189.5 66.0 51.9 14.1 679.7 490.2 125.0 365.1 189.6 35.3 30.1 5.3 686.6 495.0 125.8 369.2 191.6 39.5 40.4 -.8 688.0 491.4 125.5 365.9 196.6 29.1 37.6 -8.5 694.4 500.5 126.3 374.2 193.9 38.0 29.1 8.8 -123.0 -94.6 -90.4 -80.0 -96.1 -77.5 428.0 551.1 519.7 614.4 459.7 585.4 487.8 599.9 507.1 597.5 536.1 616.0 548.0 644.0 577.8 655.2 924.7 964.9 947.3 945.2 961.6 955.3 997.5 1,011.8 382.0 295.3 86.7 542.8 381.0 298.4 82.6 583.9 391.4 299.2 92.2 555.9 377.7 298.4 79.3 567.5 382.2 298.8 83.4 579.4 367.7 294.3 73.4 587.6 396.3 301.9 94.3 601.2 Net exports of goods and services Exports Imports Government purchases of goods and services . .. Federal National defense Nondefense State and local » -125.7 -112.1 397.8 299.8 98.1 613.9 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Net exports of goods and services Exports Imports .. . Government purchases of goods and services Federal National defense Nondefense State and local -128.9 -100.2 -126.0 -109.0 -92.6 -93.9 -105.4 -87.8 427.8 556.7 504.8 605.0 459.2 585.2 486.2 595.1 496.9 589.5 514.0 607.9 522.1 627.4 541.0 628.8 780.2 782.3 792.6 776.4 783.8 773.5 795.5 798.3 339.0 264.9 74.1 441.2 328.7 261.8 66.9 453.6 347.7 268.2 79.5 444.9 327.8 264.6 63.2 448.7 331.6 263.6 67.9 452.2 320.1 256.4 63.7 453.4 335.5 262.5 72.9 460.0 335.8 256.7 79.2 462.4 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 1987 1988 IV 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 I II Seasonally adjusted at annual rates 1989 1988 1987 m IV 4,487.5 4,815.9 4,590.7 4,659.2 4,780.1 4,859.3 4,965.0 5,061.5 43.5 34.7 43.7 49.7 39.2 48.4 72.0 65.3 1,792.5 1,938.7 1,849.3 1,879.5 1,928.0 1,960.1 1,987.1 2,038.8 1,753.3 1,890.3 1,777.3 1,814.2 1,884.3 1,910.4 1,952.4 1,995.3 43.5 34.7 43.7 49.7 39.2 48.4 72.0 65.3 Gross national product Final sales Change in business inventories Goods 1988 I II 1989 HI IV I' 3,847.0 3,996.1 3,923.0 3,956.1 3,985.2 4,009.4 4,033.4 4,076.5 3,812.6 3,953.6 3,855.9 3,890.1 3,949.9 3,969.9 4,004.4 4,038.5 34,4 42.5 67.1 66.0 35.3 39.5 29.1 38.0 1,663.3 1,762.3 1,713.9 1,748.1 1,762.4 1,768.9 1,769.6 1,809.3 .. . Final sales ... Change in business inventories 1,628.9 1,719.8 1,646.8 1,682.2 1,727.1 1,729.4 1,740.6 1,771.3 34.4 42.5 67.1 66.0 35.3 39.5 29.1 38.0 895.0 863.3 31.7 Durable goods Final sales Change in business inventories 774.6 750.7 23.9 864.8 837.3 27.5 812.7 767.2 45.5 832.5 809.0 23.5 861.7 845.8 15.9 885.0 844.6 40.4 879.8 849.7 30.1 883.8 856.8 27.0 1,016.2 1,080.4 1,040.7 1,060.1 1,078.5 1,078.5 1,104.4 1,143.8 1,003.6 1,063.0 1,019.1 1,021.5 1,052.7 1,074.0 1,103:8 1,132.0 11.8 .6 4.6 38.6 25.9 17.4 21.6 12.6 Nondurable goods Final sales Change in business inventories 888.8 878.2 10.5 897.5 882.5 15.0 901.2 879.6 21.6 915.6 873.2 42.4 900.7 881.3 19.4 884.0 884.9 -.9 889.8 890.8 -1.0 925.4 914.5 10.9 776.3 749.7 26.6 858.3 827.3 30.9 808.7 758.2 50.5 819.3 792.7 26.6 849.5 831.6 17.8 882.7 848.6 34.1 1987 IV 4,526.7 4,864.3 4,662.8 4,724.5 4,823.8 4,909.0 4,999.7 5,105.0 881.6 836.4 45.1 1988 I' 2,295.7 2,477.9 2,363.9 2,405.2 2,451.5 2,501.6 2,553.5 2,603.1 438.4 447.6 449.5 439.9 444.3 447.3 459.1 463.1 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1987 1,801.1 1,855.4 1,822.3 1,833.4 1,846.1 1,862.8 1,879.2 1,885.5 Services Structures . 382.6 378.4 386.7 374.6 376.7 377.7 384.6 381.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.