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D-2 • National Data

SURVEY OF CURRENT BUSINESS

May 1997

National Data
A. Selected NIPA Tables
The tables in this section include the most recent estimates of gross domestic product and its components;
these estimates were released on April 30,1997 and include the "advance" estimates for the first quarter of 1997.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly.
In most tables, the annual estimates are also shown. Some of the lines in tables 1.10 and 1.16 have not been
available since the comprehensive NIPA revision; they are shown in this issue for the first time.
A number of quarterly and "annual only" tables containing revised data appear in the section "Revised and
Newly Available NIPA Estimates, 1991-95" elsewhere in this issue; that section also presents the "annual only"
tables 1.13 and 5.3 for the first time since the comprehensive revision. For a guide to which issues of the SURVEY
OF CURRENT BUSINESS contain the "annual only" NIPA tables, see the headnote to that section.
The selected NIPA tables are available electronically on the day of the gross domestic product (GDP) news
release by subscription from STAT-USA'S Economic Bulletin Board and Internet services; for information, call
(202) 482-1986. The tables are also available on printouts or diskettes; for subscription information, write to
the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or call
(202) 606-9700.

i. National Product and IncomeTable 1.1.—Gross Domestic Product

Table 1.2.—Real Gross Domestic Product

[Billions of dollars]

[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1995

1996

1995

IV

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
Net exports of goods and
services
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local

I

II

III

IV

4,924.9 5,151.4 4,990.5 5,060.5 5,139.4 5,165.4 5,240.3 5,346.4
606.4 632.1 612.8 625.2 637.6 630.5 635.2 661.1
1,485.9 1,545.1 1,494.2 1,522.1 1,544.7 1,546.5 1,566.8 1,600.2
2,832.6 2,974.3 2,883.5 2,913.2 2,957.1 2,988.5 3,038.3 3,085.1
1,065.3 1,117.0 1,064.0 1,068.9 1,096.0 1,156.2 1,146.6 1,202.8
1,028.2 1,101.5 1,046.2 1,070.7 1,088.0 1,119.6 1,127.8 1,151.8
738.5 791.1 749.7 769.0 773.8 807.0 814.5 833.3
199.7 214.3 204.0 208.4 207.4 213.5
227.8 234.3
593.5
312.6

586.7
313.3

599.0
318.5

36.6

18.8

51.0

538.8
289.8

576.8
310.5

545.7
296.5

560.6
301.7

37.0

15.4

17.8

-1.7

-94.7

-98.7

-67.2

-86.3

-99.2 -120.2

-89.1 -111.4

807.4
581.4
225.9
902.0
757.0
145.1

855.2
614.9
240.3
953.9
802.2
151.7

837.0
604.5
232.5
904.2
759.0
145.2

839.5
603.6
235.9
925.8
776.7
149.2

850.0
610.4
239.7
949.2
798.2
151.0

844.3
605.4
239.0
964.5
812.1
152.5

887.0 899.3
640.2 648.0
246.8 251.3
976.0 1,010.6
821.6 853.1
154.4 157.5

8.0

1,358.3 1,406.4 1,363.4 1,383.7 1,408.8 1,414.8 1,418.3 1,428.2
516.6
345.5
171.0
841.7

523.1
347.1
176.0
883.3

507.7
337.1
170.6
855.7

518.6
343.9
174.7
865.1

529.6
353.7
175.8
879.2

525.5
348.8
176.7
889.3

518.5
341.9
176.7
899.8

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




1996

519.9
336.6
183.3
908.3

1995

IV

I

7,253.8 7,576.1 7,350.6 7,426.8 7,545.1 7,616.3 7,716.1 7,866.0

566.3
314.2

1995

1997

1996

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
Net exports of goods and
services
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual

1997

1996

I

II

III

IV

I

6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1 6,993.3 7,089.4
4,577.8 4,690.7 4,609.4 4,649.1 4,687.6 4,693.5 4,732.5 4,806.0
579.8 611.4 587.5 599.2 615.6 611.6 619.1 647.9
1,421.9 1,442.0 1,423.2 1,436.1 1,440.9 1,442.2 1,448.6 1,470.9
2,577.0 2,638.3 2,599.3 2,614.7 2,632.3 2,640.6 2,665.6 2,689.0
1,009.4 1,056.6 1,004.3 1,011.4 1,038.1 1,093.1 1,083.9 1,139.4
975.9 1,042.1
714.3 766.8
181.1 190.0

988.5 1,013.3 1,031.1 1,057.5 1,066.6 1,092.7
723.3 743.5 750.5 781.4 792.0 814.6
183.2 186.6 184.9 188.6 199.8 204.4

534.5
262.8

578.6
276.7

541.4
266.3

558.3
271.1

32.7

13.6

13.7

-3.5

-107.6 -113.6
775.4
565.9
210.4
883.0
744.7
138.8

825.9
608.8
218.2
939.5
796.3
143.8

567.5
281.5
6.7

595.0
277.8

593.7
276.6

611.9
280.3

34.1

17.1

46.1

-84.9 -104.0 -114.7 -137.4

-98.4 -130.3

816.1
601.1
216.1
953.5
810.0
144.1

862.9 879.9
642.6 656.8
221.7 224.6
961.3 1,010.1
817.0 861.6
145.0 149.3

803.1
588.8
215.3
888.0
750.0
138.5

806.7
590.9
216.7
910.7
768.4
142.8

817.9
600.6
218.3
932.6
789.9
143.2

1,260.2 1,270.6 1,249.6 1,254.7 1,278.2 1,276.1 1,273.4 1,271.6
472.3
319.6
152.3
788.6
-.9

467.1
313.9
152.8
804.3
-1.7

456.2
308.8
147.0
794.4

462.9
311.9
150.6
792.6

-.2

-.2

473.4
319.4
153.7
805.5

469.3
314.9
153.9
807.7

462.9
309.4
153.1
811.4

458.8
301.3
156.8
813.9

-1.7

-1.4

-4.4

-3.6

......
* of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.

SURVEY OF CURRENT BUSINESS

May 1997

National Data • D-3

Table 1.3.—Gross Domestic Product by Major Type of Product

Table 1.4.—Real Gross Domestic Product by Major Type of Product

[Billions of dollars]

[Billions of chained (1992) dollars]

Seasonally adjusted at annual rates

1995

1996

1995

IV
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
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output

II

III

7,216.7 7,560.7 7,332.8 7,428.6 7,537.1 7,579.6 7,697.4 7,815.0
15.4

17.8

-1.7

8.0

36.6

18.8

51.0

2,699.2 2,799.8 2,715.8 2,747.5 2,790.1 2,821.6 2,839.9 2,922.0
2,662.2 2,784.4 2,698.0 2,749.3 2,782.0 2,785.0 2,821.1 2,871.0
15.4
-1.7
37.0
8.0
36.6
18.8
51.0
17.8
1,182.1 1,232.3 1,193.6 1,204.4 1,229.1 1,260.1 1,235.7 1,285.7
1,147.3 1,219.6 1,166.4 1,192.1 1,219.1 1,225.5 1,241.7 1,263.2
12.7
34.7
27.3
34.8
12.3
9.9
-6.0
22.5
1,517.1 1,567.5 1,522.2 1,543.1 1,561.0 1,561.5 1,604.3 1,636.4
1,514.9 1,564.8 1,531.7 1,557.1 1,562.9 1,559.5 1,579.5 1,607.9
-9.4
2.2
2.7
-14.0
-1.9
2.0
24.8
28.5
3,926.9 4,105.2 3,992.4 4,027.9 4,087.0 4,122.0 4,183.8 4,240.9
627.6 671.1 642.3 651.4 668.0 672.6 692.5 703.1

262.4

260.5

263.1

242.6

270.6

269.7

258.9

1996

261.8

6,991.3 7,315.6 7,087.5 7,184.2 7,274.5 7,346.6 7,457.2 7,604.2

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

1995

IV

I

IV

7,253.8 7,576.1 7,350.6 7,426.8 7,545.1 7,616.3 7,716.1 7,866.0

37.0

1995

1997

1996

I

Seasonally adjusted at annual rates

Gross domestic product
Final sales of domestic
product
Change in business
inventories
Residual
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
Residual
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output

1996

I

II

1997

I

IV

ill

6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1 6,993.3 7,089.4
6,708.9 6,892.1 6,764.2 6,815.2 6,884.7 6,892.7 6,975.9 7,043.3

17.1
13.7
-3.5
6.7 34.1
46.1
13.6
2.1
.7
1.1
2.3
1.3
.3
0
.6
2,588.5 2,662.0 2,596.9 2,615.2 2,646.7 2,681.8 2,704.2 2,775.1
2,555.1 2,647.7 2,581.5 2,617.6 2,640.0 2,646.2 2,687.1 2,728.4
32.7

17.1
13.7
-3.5
6.7 34.1
46.1
32.7
13.6
1,157.4 1,212.0 1,169.1 1,177.9 1,205.0 1,240.2 1,224.9 1,277.6
1,124.1 1,200.3 1,143.0 1,166.3 1,196.4 1,206.9 1,231.6 1,256.4
25.8
11.8
9.3 33.0
-5.6
21.3
12.1
32.8
1,432.3 1,451.9 1,429.4 1,438.8 1,443.7 1,444.2 1,481.1 1,500.0
1,431.8 1,449.5 1,439.4 1,452.6 1,445.7 1,441.7 1,458.1 1,474.8

1.2 22.6
-2.6
24.8
-.3
1.5 -12.0 -15.2
3,583.9 3,649.2 3,605.6 3,614.2 3,648.8 3,652.0 3,681.7 3,702.5
571.8 598.3 579.4 586.4 598.8 597.5 610.5 616.7
-7.1
^.1
-1.0
-2.3
-43
-4.2
-5.6
-1.9
235.1

229.3

233.6

215.4

238.2

236.2

227.3

228.7

6,507.2 6,678.0 6,546.7 6,599.2 6,654.0 6,692.1 6,766.7 6,861.5

NoTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in business inventories is the difference between gross domestic product and
the sum of final sales of domestic product and of change in business inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services,
and of structures.
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 Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers

[Billions of dollars]

[Billions of chained (1992) 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 to
domestic purchasers

7,253.8 7,576.1 7,350.6 7,426.8 7,545.1 7,616.3 7,716.1 7,866.0
807.4

855.2

837.0

839.5

850.0

844.3

887.0

902.0

953.9

904.2

925.8

949.2

964.5

976.0 1,010.6

899.3

Gross domestic product ...
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic

15.4

17.8

-1.7

8.0

36.6

18.8

51.0

7,311.4 7,659.3 7,400.0 7,514.9 7,636.2 7,699.8 7,786.4 7,926.3

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

775.4

825.9

883.0

939.5

806.7

817.9

816.1

862.9

910.7

803.1

932.6

953.5

961.3 1,010.1

879.9

6,846.4 7,016.2 6,862.4 6,914.1 7,002.6 7,060.3 7,087.7 7,214.1

7,348.4 7,674.8 7,417.8 7,513.2 7,644.3 7,736.5 7,805.2 7,977.4
37.0

6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1 6,993.3 7,089.4

Less: Change in business
inventories
Equals: Final sales to
domestic purchasers

32.7

13.6

13.7

-3.5

6.7

34.1

17.1

46.1

6,813.0 7,001.5 6,846.4 6,915.5 6,995.2 7,024.9 7,070.3 7,167.8

NoTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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.—Real Gross Domestic Product by Sector

[Billions of dollars]

[Billions of chained (1992) dollars]

Gross domestic product
Business1
Nonfarm *
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local

7,253.8 7,576.1 7,350.6 7,426.8 7,545.1 7,616.3 7,716.1 7,866.0
6,078.2 6,360.6 6,162.1 6,226.3 6,334.6 6,394.2 6,487.1 6,618.3
5,999.6 6,262.3 6,079.8 6,137.3 6,237.0 6,290.3 6,384.7 6,517.8
5,375.0 5,611,05,440.45,496.9 5,591.6 5,634.9 5,720.8 5,847.3
640.4 645.4 655.4 663.9 670.5
624.6 651.3
82.2
78.6
98.3
97.6 103.9 102.5 100.6
89.1
323.0 340.9 329.6 333.5 338.3 343.2 348.5 354.9
11.1

11.7

11.3

11.5

11.6

11.8

12.0

12.2

311.8

329.1

318.2

322.0

326.7

331.4

878.9
276.6
602.3

336.5
880.5
274.5
606.1

342.7
892.7
279.6
613.1

852.6

874.7

859.0

867.0

872.2

278.2
574.4

277.0

276.8
582.2

279.0
588.0

277.8
594.4

597.7

1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.7B.




Gross domestic product
Business *
Nonfarrn*
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual

6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1
5,662.7 5,824.0 5,705.1 5,741.1 5,806.9 5,840.9
5,587.2 5,740.7 5,630.0 5,662.4 5,724.5 5,754.3
5,013.4 5,159.0 5,049.4 5,085.0 5,146.2 5,170.8
573.8 581.8 580.7 577.4 578.6 583.7
75.3

83.4

74.7

78.6

82.4

86.7

302.5

309.2

305.0

305.5

308.4

310.1

10.1

10.3

10.2

10.3

10.3

10.3

292.3

298.8

294.8

295.3

298.1

299.8

777.5

774.6

770.8

768.0

777.7

778.1

246.4
531.7

238.5
536.9

238.6
533.0

238.7
530.0

240.4
538.1

239.0
539.9

-1.9

-1.2

-1.5

-2.0

-2.1

-.8

6,993.3 7,089.4
5,907.3 5,999.0
5,821.6 5,912.5
5,234.2 5,323.2
587.6 589.6
85.9

86.6

312.5

315.5

10.4

10.5

305.0
774.7 776.3
236.1 235.7
539.5 541.6
302.2

-2.6

-2.8

1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.8B.
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.

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