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SURVEY OF CURRENT BUSINESS

June 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

1988
I

II

Seasonally adjusted at annual rates

1989
III

IV

1987

1988

I'

1988

1987
IV

I

1989
III

II

IV

I'

Gross national product

4,526.7 4,864.3 4,662.8 4,724.5 4,823.8 4,909.0 4,999.7 5,099.0

Gross national product

3,847.0 3,996.1 3,923.0 3,956.1 3,985.2 4,009.4 4,033.4 4,077.5

Personal consumption expenditures

3,012.1 3,227.5 3,076.3 3,128.1 3,194.6 3,261.2 3,326.4 3,378.1

Personal consumption expenditures

2,521.0 2,592.2 2,531.7 2,559.8 2,579.0 2,603.8 2,626.2 2,634.9

Durable goods
Nondurable goods
Services

421.9 451.1 422.0 437,8 449.8 452.9 464.0 459.9
997.9 1,046.9 1,012.4 1,016.2 1,036.6 1,060.8 1,073.9 1,092.7
1,592.3 1,729.6 1,641.9 1,674.1 1,708.2 1,747.5 1,788.5 1,825.5

Gross private domestic investment

712.9

766.5

764.9

763.4

758.1

772.5

772.0

788.9

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

748.5
511.3
148.0
363.3
237.2
40.4
25.7
14.7

-123.0

-94.6

-90.4

-80.0

-96.1

-79.3

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

573.8
653.2

924.7

964.9

947,3

945.2

961.6

955.3

997.5 1,011.3

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

397.6
299.5
98.1
613.7

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

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
IV

1988
I

II

721.8

724.7

728.9

715.1

726.1

717.1

730.2

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

694.8
500.5
125.9
374.6
194.3
35.5
26.2
9.2

-92.6

-93.9 -105.4

-85.9

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

540.7
626.6

780.2

782.3

792.6

776.4

783.8

773.5

795.5

798.2

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
256.6
79.1
462.4

-128.9 -100.2 -126.0 -109.0

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

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

1988

674.8

Table 1.4.—Gross National Product by Major Type of Product in Constant
Dollars

[Billions of dollars]

1987

390.9 409.7 387.6 401.1 410.6 410.4 416.5 412.3
890.5 899.6 890.5 892.7 893.6 904.5 907.4 911.5
1,239.5 1,283.0 1,253.6 1,265.9 1,274.8 1,288.9 1,302.2 1,311.1

Seasonally adjusted at annual rates

1989
HI

IV

1987

I'

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

1989
HI

IV

I'

4,526.7 4,864.3 4,662.8 4,724.5 4,823.8 4,909.0 4,999.7 5,099.0
4,487.5 4,815.9 4,590.7 4,659.2 4,780.1 4,859.3 4,965.0 5,058.6
40.4
48.4
72.0
65.3
43.7
49.7
34.7
39.2
1,792.5 1,938.7 1,849.3 1,879.5 1,928.0 1,960.1 1,987.1 2,032.9
1,753.3 1,890.3 1,777.3 1,814.2 1,884.3 1,910.4 1,952.4 1,992.5
40.4
48.4
34.7
39.2
72.0
65.3
49.7
43.7
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

881.6
836.4
45.1

882.7
•848.6
34.1

893.0
863.0
30.0

1,016.2 1,080.4 1,040.7 1,060.1 1,078.5 1,078.5 1,104.4 1,140.0
1,003.6 1,063.0 1,019.1 1,021.5 1,052.7 1,074.0 1,103.8 1,129.5
17.4
4.6
.6
10.5
12.6
38.6
21.6
25.9
2,295.7 2,477.9 2,363.9 2,405.2 2,451.5 2,501.6 2,553.5 2,603.9
438.4

447.6

449.5

439.9

444.3

447.3

459.1

462.2

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




1988

1987

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

3,847.0 3,996.1 3,923.0 3,956.1 3,985.2 4,009.4 4,033.4 4,077.5
3,812.6 3,953.6 3,855.9 3,890.1 3,949.9 3,969.9 4,004.4 4,042.0
39.5
29.1
35.5
34.4
67.1
35.3
42.5
66.0
1,663.3 1,762.3 1,713.9 1,748,1 1,762.4 1,768.9 1,769.6 1,809.7
1,628.9 1,719.8 1,646.8 1,682.2 1,727.1 1,729.4 1,740.6 1,774.2
39.5
34.4
67.1
66.0
35.3
35.5
29.1
42.5

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

884.4
858.9
25.5

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

925.2
915.3
10.0

Services
Structures

1,801.1 1,855.4 1,822.3 1,833.4 1,846.1 1,862.8 1,879.2 1,886.5
382.6

378.4

386.7

374.6

376.7

377.7

384.6

381.4

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