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SURVEY OF CURRENT BUSINESS

September 1989

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Second 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]

fBillions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1987

1988

1988

I
Gross national product

II

1987

1989

III

IV

I

Durable goods. .
Nondurable goods
Services '

I

IP
Gross national product

4,524.3 4,880.6 4,739.8 4,838.5 4,926.9 5,017.3 5,113.1 5,201.7

Personal consumption expenditures !... 3,010.8 3,235.1 3,148.1 3,204.9 3,263.4 3,324.0 3,381.4 3,444.1
421.0
455.2 446.4 454.6 452.5
467.4 466.4 471.0
998.1 1,052.3 1,022.2 1,042.4 1,066.2 1,078.4 1,098,3 1,121.5
1,591.7 1,727.6 1,679.5 1,707.9 1,744.7 1,778.2 1,816.7 1,851.7

1988

1988

1989

III

II

IV

I

IP

3,853.7 4,024.4 3,974.8 4,010.7 4,042.7 4,069.4 4,106.8 4,132.5

Personal consumption expenditures1... 2,513.7 2,598.4 2,570.8 2,586.8 2,608.1 2,627,7 2,641.0 2,653.7
Durable goods
Nondurable goods
Services '

420.5 419.3
389.6 413.6 408.4 414.8 410.7
424.9
890.4 904.5
899.2 910.3 912.0 915.0
896.6
909.7
1,233.7 1,280.2 1,265.9 1,272.8 1,287.0 1,295.2 1,306.7 1,319.0

Gross private domestic investment

699.9

750.3

728.8

748.4

771.1

752.8

769.6

775.0

Gross private domestic investment

674.0

715.8

707.0

713.5

733.6

709.1

721.1

719.8

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

670.6
444.3
133.8
310.5
226.4
29.3
30.5
-1.3

719.6
487.2
140.3
346.8
232.4
30.6
34.2
-3.6

698.7
472.7
137.1
335.6
226.1
30.0
24.2
5.8

719.1
487.1
139.9
347.2
232.1
29.3
30.4
-1.1

726.5
493.2
142.0
351.3
233.2
44.6
41.5
3.1

734.1
495.8
142.5
353.3
238.4
18.7
40.8
22 2

742.0
503.1
144.7
358.5
238.8
27.7
19.1
8.6

747.6
512.5
142.4
370.1
235.1
27.4
23.6
3.8

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

650.3
455.5
122.3
333.2
194.8
23.7
25.8
-2.1

687.9
493.8
122.2
371.6
194.1
27.9
30.7
-2.8

672.7
483.6
121.8
361.8
189.1
34.3
28.3
5.9

692.0
497.8
122.5
375.3
194.2
21.5
25.4
-4.0

696.1
501.0
123.0
378.0
195.1
37.5
37.2
.3

690.8
492.7
121.4
371.3
198.1
18.3
31.9
-13.6

696.6
501.0
121.1
379.9
195.6
24.5
16.9
7.6

700.7
511.4
118.1
393.2
189.3
19.1
19.5
—5

Net exports of goods and services '

-112.6

-73.7

-82.8

-74.9

-66.2

-70.8

-54.0

-50.6

Net exports of goods and services '

-115.7

-74.9

-78.2

-72.6

-74.9

-73.8

-55.0

-51.2

448.6
561.2

547.7
621.3

521.6
604.3

532.5
607.5

556.8
623.0

579.7
650.5

605.6
659.6

626.1
676.6

450.9
566.6

530.1
605.0

517.4
595.6

519.7
592.3

531.9
606.9

551.4
625.2

569.7
624.6

587.5
638.7

926.1

968.9

945.7

960.1

958.6 1,011.4 1,016.0 1,033.2

781.8

785.1

775.1

783.0

775.9

806.4

799.7

810.3

381.6
294.8
86.8
544.5

381.3
298.0
83.3
587.6

374.1
297.4
76.7
571.6

377.1
298.0
79.1
583.0

367.5
296.1
71.4
591.0

339.6
265.2
74.4
442.1

328.9
261.5
67.4
456.2

323.8
263.0
60.8
451.3

327.9
262.5
65.4
455.1

319.8
258.8
61.0
456.1

343.9
261.6
82.3
462.5

335.5
254.4
81.1
464.2

343.6
255.8
87.8
466.7

Exports '
Imports '
Government purchases of goods and
services
..
Federal
National defense
Nondefense
State and local

406.4
300.5
105.9
604.9

399.0
298.7
100.4
617.0

406.0
301.3
104.7
627.2

Exports ' .
Imports !
Government purchases of goods and
services
.
Federal
...
National defense .
Nondefense
State and local

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

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

1987

1988

1988

I

II

1987

1989

III

IV

I

I

IP

Gross national product

4,524.3 4,880.6 4,739.8 4,838.5 4,926.9 5,017.3 5,113.1 5,201.7

Final sales
Change in business inventories....

4,495.0 4,850.0 4,709.8 4,809.2 4,882.3 4,998.7 5,085.4 5,174.3
27.4
27.7
44.6
18.7
30.6
30.0
29.3
29.3

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 ..

1,785.2 1,931.9 1,867.0 1,917.4 1,955.8 1,987.4 2,030.9 2,079.1

Gross national product
Final sales
Change in business inventories
Goods

II

1989

III

IV

I

I?

3,853.7 4,024.4 3,974.8 4,010.7 4,042.7 4,069.4 4, J 06.8 4,132.5
3,830.0 3,996.5 3,940.5 3,989.2 4,005.2 4,051.0 4,082.3 4,113.5
18.3
37.5
24.5
19.1
23.7
27.9
34.3
21.5
1,669.0 1,771.6 1,746.7 1,767.9 1,782.3 1,789.4 1,823.2 1,843.9

1,755.9 1,901.3 1,837.0 1,888.1 1,911.2 1,968.7 2,003.2 2,051.7
27.4
27.7
44.6
18.7
30.0
29.3
30,6
29.3

Final sales
Change in business inventories

905.2
899.2
6.0

Durable goods
Final sales
Change in business inventories

790.2
770.6
19.6

883.6
860.9
22.7

850.8
840.9
9.9

882.2
866.8
15.3

900.8
863.4
37.3

900.5
872.4
28.1

902.3
884.2
18.1

913.0
908.0
5.0

1,010.9 1,072.8 1,042.1 1,060.2 1,071.8 1,098.9 1,136.2 1,173.9
1,003.7 1,067.2 1,021.7 1,047.9 1,068.6 1,112.2 1,130.5 1,152.5
21.4
5.7
3.2 -13.3
12.3
7.2
5.6
20.3

Nondurable ^oods
Final sales
.
Change in business inventories

878.8
874.7
4.1

888.0
882.8
5.2

895.8
871.5
24.3

885.8
879.7
6.1

881.5
881.4
.1

888.9
898.6
-9.7

920.9
914.5
6.4

930.9
916.8
14.1

774.3
752.2
22.1

859.1
834.1
25.0

824.9
815.2
9.7

857.2
840.2
17.0

884.0
842.6
41.4

888.5
856.5
32.0

894.7
872.8
22.0

2,304.5 2,499.2 2,434.2 2,472.3 2,520.3 2,570.0 2,620.8 2,667.5
434.6

449.5

438.6

448.8

450.8

459,9

461.3

455.1

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




1988

1988

Services
Structures

1,645.3 1,743.7 1,712.4 1,746.5 1,744.8 1,771.0 1,798.7 1.824.8
18.3
24.5
23.7
34.3
21.5
37.5
19.1
27.9

1,803.7 1,873.5 1,854.1 1,862.5 1,880.8 1,896.7 1,905.1 1,919.9
381.1

379.3

374.0

380.2

379.6

383.3

378.5

368.8

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