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SURVEY OF CURRENT BUSINESS

1O

NATIONAL INCOME AND

August 1992

PRODUCT ACCOUNTS

Selected NIPA Tables
New estimates in this issue: Second quarter 1992, preliminary.
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 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]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1991

1990

1991

I
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

1992

II

I

IV

III

I

464.3 446.1 439.5 441.4 453.0 450.4 469.4 469.5
1,224.5 1,251.5 1,245.0 1,254.2 1,255.3 1,251.4 1,274.1 1,277.3
2,059.7 2,190.1 2,137.2 2,176.3 2,205.9 2,241.1 2,279.3 2,307.2
799.5

721.1

705.4

710.2

732.8

736.1

722.4

771.9

793.2
577.6
201.1

731.3
541.1
180.1

733.9
551.4
190.0

732.0
545.8
185.2

732.6
538.4
175.6

726.9
528.7
169.7

738.2
531.0
170.1

762.2
549.2
169.0

376.5
215.6

360.9
190.3

361.4
182.6

360.6
186.2

362.8
194.2

358.9
198.2

360.8
207.2

380.2
213.0

-10.2
-10.3
0

285
-27.4
11

21 8
-27.0
5.2

-1.2

-68.9

-21.8

-28.7

15.3

27.1

557.0
625.9

598.2
620.0

573.2
602.0

594.3
609.6

602.3
629.5

.2
1.4

9.2
14.5
-5.3

-16.0
622.9
638.9

-15.8
-13.3
-2.4

-8.1

628.1
636.2

9.7
9.0
.7

-36.6
625.9
662.5

1,043.2 1,090.5 1,087.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.4
426.4
314.0
112.4
616.8

447.3
323.8
123.6
643.2

451.3
332.4
118.8
636.3

449.9
325.9
124.0
640.8

447.2
321.9
125.3
646.0

440.8
314.7
126.1
649.5

445.0
313.6
131.4
658.0

445.4
312.3
133.1
664.0

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

1992

1991

II

3,748.4 3,887.7 3,821.7 3,871.9 3,914.2 3,942.9 4,022.8 4,053.9

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




1990

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,898.6

6.3
3.3
3.1

1991

II

IV

III

I

II

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,891.0
3,260.4 3,240.8 3,223.5 3,239.3 3,251.2 3,249.0 3,289.3 3,287.4
429.0
439.3 414.7 412.0
411.3 419.4 416.1 432.3
1,056.5 1,042.4 1,043.0 1,046.3 1,044.8 1,035.6 1,049.6 1,045.3
1,764.6 1,783.7 1,768.5 1,781.8 1,787.0 1,797.4 1,807.3 1,813.1
739.1

661.1

646.0

649.5

672.0

676.9

668.9

712.6

732.9
538.1
179.1

670.4
500.2
157.6

671.1
507.0
166.8

669.8
503.0
162.2

671.4
498.7
153.0

669.3
492.1
148.4

681.4
495.8
149.4

703.4
513.8
147.9

359.0
194.8

342.6
170.2

340.2
164.1

340.8
166.9

345.8
172.6

343.7
177.3

346.4
185.6

365.8
189.6

-9.3
-9.6

-25.1
-24.7
-.4

-20.4
-24.5
4.1

-1.0

6.2
3.7
2.5

.3

.6
1.6

7.5
11.8
-4.2

-12.6
-10.7
-1.9

9.2
8.4
.7

-51.8

-21.8

-17.9

-17.4

-31.6

-20.5

-21.5

-44.7

510.0
561.8

539.4
561.2

515.9
533.8

536.1
553.5

544.2
575.8

561.4
581.8

565.4
586.8

564.1
608.8

Government purchases

929.9

941.0

945.1

945.6

940.2

933.1

937.0

935.7

Federal
National defense
Nondefense
State and local

383.6
283.3
100.3
546.3

388.3
282.8
105.5
552.7

394.1
291.8
102.2
551.0

393.8
287.6
106.2
551.8

387.2
280.6
106.6
553.0

378.2
271.0
107.2
554.9

375.3
265.6
109.7
561.8

373.7
263.1
110.6
561.9

Exports
Imports

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

SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product

August 1992

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
1990

1991

Gross domestic product
Final sales of domestic
product
Change in business inventories
Goods '

III

IV

5,515.9 5,687.7 5,614.4 5,679.4 5,712.9 5,744.2 5,855.9 5,888.9
6.3

-10.2

-28.5

-21.8

.2

9.2

-15.8

Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
.. ..

9.7

2,160.0 2,192.7 2,186.8 2,200.9 2,194.9 2,188.4 2,233.6 2,229.8
6.3

-10.2

-28.5

-21.8

.2

9.2

-15.8

9.7

919.7
920.6

888.4
907.6

861.9
897.3

890.2
916.8

903.8
910.8

897.6
905.7

904.3
923.6

940.5
930.7

—9

-19.2

-35.4

-26.5

-7.0

-8.1

-19.3

9.8

1,246.7 1,294.1 1,296.3 1,288.9 1,291.3 1,300.0 1,313.5 1,299.0
1,239.5 1,285.1 1,289.5 1,284.1 1,284.1 1,282.7 1,310.0 1,299.1
7.2

6.8

4.8

7.2

17.3

3.5

1

2,846.4 3,030.2 2,963.3 3,013.8 3,053.6 3,090.3 3,142.2 3,175.4
509.4

Structures

9.0

464.7

464.3

464.7

464.4

465.5

480.1

II

I

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,898.6

483.7

Gross domestic product
Final sales of domestic
product
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

1992

1991

1991

1990

II

I

2,166.4 2,182.5 2,158.3 2,179.1 2,195.1 2,197.6 2,217.8 2,239.5

Final sales
Change in business inventories

Services '

Seasonally adjusted at annual rates

1992

1991

II

I

• 11

IV

III

II

I

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,891.0
4,871.3 4,830.3 4,821.8 4,837.4 4,831.2 4,830.9 4,886.3 4,881.8
6.2

-9.3

-25.1

-20.4

.6

7.5

9.2

126

1,956.8 1,911.2 1,903.1 1,907.6 1,918.3 1,915.7 1,924.0 1,934.6
1,950.7 1,920.5 1,928.2 1,928.0 1,917.7 1,908.2 1,936.6 1,925.5
251

-20.4

.6

7.5

126

9.2

880.3
881.0

834.1
851.6

815.3
847.4

836.3
860.2

845.3
851.7

839.4
846.8

842.4
859.6

872.5
863.7

-.7

-17.5

-32.2

240

-6.4

-7.4

-17.3

8.8

6.2

-9.3

1,076.6 1,077.1 1,087.8 1,071.4 1,073.0 1,076.3 1,081.7 1,062.2
1,069.7 1,069.0 1,080.8 1,067.8 1,066.0 1,061.3 1,077.0 1,061.8
6.9

8.2

3.6

7.1

7.0

15.0

4.7

.4

2,463.0 2,497.6 2,480.5 2,497.3 2,503.7 2,509.0 2,520.1 2,525.6
457.7

412.2

413.2

412.1

409.8

413.7

429.5

430.7

1. Exports and imports of certain goods, primarily -jnilitary 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 dollars]

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases ]
. .
Less: Change in business inventories
Equals: Final sales to2 domestic purchasers

[Billions of 1987 dollars]

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,898.6
5570

5982

5732

5943

6023

6229

6281

6259

6259

6200

6020

6096

6295

6389

6362

6625

5,591.1 5,699.3 5,614.6 5,672.9 5,740.3 5,769.3 5,848.3 5,935.2

63

-102

-285

-21 8

2

92

-15.8

9.7

5,584.8 5,709.5 5,643.1 5,694.7 5,740.1 5,760.1 5,864.1 5,925.5

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases '
Less: Change in business inventories
Equals: Final sales to2 domestic purchasers

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,891.0
510.0

539.4

515.9

536.1

544.2

561.4

565.4

564.1

561 8

561 2

5338

5535

5758

581 8

5868

6088

4,929.3 4,842.8 4,814.6 4,834.4 4,863.4 4,858.9 4,895.2 4,935.6

62

-93

-251

-20.4

.6

7.5

9.2

12.6

4,923.1 4,852.1 4,839.7 4,854.8 4,862.8 4,851.4 4,907.7 4,926.5

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

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,898.6
4,702.8 4,803.8 4,726.2 4,786.7 4,835.2 4,867.2 4,937.4 4,984.9

4,612.4 4,702.8 4,635.8 4,677.1 4,725.5 4,772.9 4,826.9 4,876.8
Nonfarm
Nonfarm less housing .... 4,162.8 4,229.8 4,171.1 4,207.3 4,251.4 4,289.5 4,341.1 4,386.1
Housing
449.6 473.0 464.7 469.8 474.1 483.4 485.8 490.7
79.6
81.6
79.2
77.9
82.5
79.1
77.0
85.0
Farm
16.4
29.0
28.5
30.5
13.4
27.1
21.9
5.4
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing




Gross domestic product
Business

Nonfarm
40947 4015.8 39983 4,007.1 4,021.6 4,036.3 4,058.8 4,078.1
Nonfarm less housing . . 3 704.3 3,621.0 3,604.8 3,612.6 3,626.1 3,640.3 3,661.1 3,679.0
390.4 394.9 393.5 394.5 395.5 396.0 397.6 399.1
Housing
68.5
72.8
73.6
71.0
68.0
Farm
705
69.4
68.3
24.4
23.2
26.0
13.9
23.9
11.5
18.7
4.9
Statistical discrepancy
Households and institutions

227.8

246.1

237.4

244.1

249.3

253.5

258.3

261.5

94
2184

92
2369

9.0
228.4

9.2
234.8

9.2
240.0

9.3
244.2

9.4
248.9

9.6
251.9

591.6

627.6

622.2

626.8

628.7

632.7

644.4

652.2

General government

1803

1920

1933

411.4

435.6

428.9

192.4
434.5

191.3
437.4

191.1
441.6

198.2
446.2

198.7
453.5

Federal
State and local

42487 43263

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,891.0
4,170.1 4,103.9 4,078.2 4,098.3 4,116.1 4,123.1 4,156.8 4,173.0

Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing

197.7

202.4

200.0

201.9

203.1

204.8

206.7

206.7

88

82

8.3
193.5

8.3
194.9

8.2
196.6

8.3
198.4

8.4
198.3

1888

1942

82
191 8

509.8

514.7

518.5

516.9

512.6

510.6

510.3

511.3

1563

1571

353.5

357.5

161.1
357.4

158.6
358.3

155.5
357.1

153.4
357.3

152.5
357.7

151.8
359.5

37758 37052


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102