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40 • August 1997

SURVEY OF CURRENT BUSINESS

io National Product and IncomeTable 1.1.—Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates

Line

1992

1993

1994

1995

1996

1992

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic Investment
Fixed investment
Presidential
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 .

„

1994

1993

I

IV

II

III

IV

I

II

1

6,244.4

6,558.1

6,947.0

7,265.4

7,636.0

6,383.1

6,444.5

6,509.1

6,574.6

6,704.2

6,794.3

6,911.4

2

4,219.8

4,459.2

4,717.0

4,957.7

5,207.6

4,329.6

4,365.4

4,428.1

4,488.6

4,554.9

4,616.6

4,680.5

3
4
5

488.5
1,321.8
2,409.4

530.2
1,370.7
2,558.4

579.5
1,428.4
2,709.1

608.5
1,475.8
2,873.4

634.5
1,534.7
3,038.4

506.2
1,349.5
2,473.9

506.4
1,354.4
2,504.6

524.2
1,366.3
2,537.6

537.2
1,373.9
2,577.4

553.1
1,388.0
2,613.8

563.2
1,404.4
2,649.0

572.4
1,416.0
2,692.2

6

790.4

876.2

1,007.9

1,038.2

1,116.5

816.1

854.3

857.4

872.8

920.3

963.4

1,017.9

7
8
9
10
11
12

783.4
557.9
169.2
388.7
225.6

855.7
604.1
176.4
427.7
251.6

946.6
660.6
184.5
476.1
286.0

1,008.1
723.0
200.6
522.4
285.1

1,090.7
781.4
215.2
566.2
309.2

809.7
569.6
167.1
402.5
240.1

823.5
580.5
171.7
408.9
243.0

842.9
598.8
175.2
423.6
244.1

858.8
606.4
177.8
428.6
252.4

897.5
630.6
180.7
449.9
266.8

911.0
634.6
175.4
459.3
276.4

941.7
652.9
185.2
467.7
288.7

20.5

61.2

30.1

25.9

30.7

14.5

14.0

22.9

13

-29.5

-60.7

-90.9

-86.0

-94.8

-42.7

-46.6

-57.5

-72.1

-66.6

-76.6

-87.9

14
15
16
17
18
19

639.4
448.7
190.7
669.0
544.9
124.1

658.6
459.7
198.9
719.3
592.8
126.5

721.2
509.6
211.6
812.1
676.8
135.3

818.4
583.9
234.6
904.5
757.5
146.9

870.9
617.5
253.3
965.7
809.0
156.7

649.1
459.0
190.1
691.8
564.4
127.4

647.1
451.2
195.8
693.7
570.8
122.9

661.2
462.2
199.0
718.7
593.2
125.4

646.8
447.9
198.9
718.9
592.8
126.1

679.4
477.7
201.7
746.0
614.4
131.6

678.5
475.7
202.8
755.1
622.4
132.8

710.1
499.2
210.9
797.9
663.8
134.1

20

1,263.8

1,283.4

1,313.0

1,355.5

1,406.7

1,280.0

1,271.5

1,281.2

1,285.3

1,295.5

1,291.0

1,300.8

21
22
23
24

528.0
375.8
152.2
735.8

518.3
360.7
157.7
765.0

510.2
349.2
161.0
802.8

509.6
344.6
165.0
846.0

520.0
352.8
167.3
886.7

535.0
375.3
159.7
745.1

521.3
363.6
157.7
750.1

517.8
361.7
156.1
763.4

515.7
358.0
157.7
769.6

518.5
359.4
159.1
777.0

506.9
344.9
162.0
784.1

505.3
348.5
156.8
795.5

III

IV

1

7.0

6.5

52.4

76.3

Seasonally adjusted at annual rates
1994

Line

III

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

I

It

II

1

6,986.5

7,095.7

7,168.9

7,209.5

7,301.3

7,381.9

7,467.5

7,607.7

7,676.0

7,792.9

7,933.6

8,004.8

2

4,750.6

4,820.2

4,871.7

4,934.8

4,990.6

5,033.8

5,105.8

5,189.1

5,227.4

5,308.1

5,405.7

5,429.8

3
4
5

583.3
1,439.5
2,727.8

599.3
1,453.7
2,767.2

596.9
1,462.7
2,812.2

602.8
1,472.4
2,859.6

616.0
1,480.4
2,894.2

618.4
1,487.8
2,927.5

626.7
1,508.1
2,970.9

638.6
1,532.3
3,018.2

634.5
1,538.3
3,054.6

638.2
1,560.1
3,109.8

658.4
1,587.4
3,159.9

644.0
1,578.9
3,206.9

6

1,007.1

1,043.1

1,050.8

1,024.0

1,028.8

1,049.1

1,060.5

1,105.4

1,149.2

1,151.1

1,193.6

1,227.2

7
8
9
10
11
12

956.9
667.4
186.8
480.6
289.5

977.0
687.5
190.7
496.8
289.5

998.7
710.9
197.7
513.2
287.8

999.6
722.5
201.1
521.4
277.1

1,009.4
725.4
202.8
522.6
284.0

1,024.6
733.1
200.7
532.4
291.4

1,049.4
750.7
205.7
545.0
298.8

1,082.0
769.3
210.6
558.7
312.7

1,112.0
798.6
217.7
580.9
313.5

1,119.2
807.2
227.0
580.2
312.0

1,127.5
811.3
227.4
583.9
316.2

1,157.8
836.4
230.4
606.0
321.4

66.2

52.1

19.4

24.5

11.1

23.4

31.9

66.1

69.4

13

-103.4

-95.6

-98.3

-105.4

-80.4

-60.1

-83.0

-93.8

-114.0

-88.6

-98.8

-103.3

14
15
16
17
18
19

732.6
518.9
213.7
836.0
699.2
136.9

763.7
544.6
219.0
859.2
721.7
137.5

784.5
560.7
223.9
882.8
739.3
143.5

807.7
578.6
229.2
913.1
767.0
146.1

831.6
591.1
240.5
912.0
762.9
149.1

849.9
605.1
244.7
909.9
761.0
149.0

850.2
606.1
244.1
933.2
778.4
154.8

865.0
613.9
251.1
958.7
802.9
155.8

863.7
609.7
254.0
977.6
820.2
157.5

904.6
640.5
264.2
993.2
834.6
158.6

922.2
656.2
266.0
1,021.0
855.8
165.2

948.4
679.1
269.3
1,051.8
883.5
168.3

20

1,332.3

1,328.0

1,344.7

1,356.0

1,362.2

1,359,2

1,384.2

1,407.0

1,413.5

1,422.3

1,433.1

1,451.1

21
22
23
24

520.4
359.7
160.7
811.9

5083
343.6
164.7
819.6

513.6
346.3
167.3
831.1

511.2
348.1
163.0
844.8

512.9
347.3
165.5
849.3

500.6
336.5
164.1
858.6

516.4
348.4
168.0
867.8

524.6
357.3
167.3
882.4

521.6
354.8
166.8
891.9

517.6
350.6
167.0
904.7

516.1
343.3
172.8
917.0

528.0
352.6
175.3
923.2

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




IV

1997

1996

1995

50.2

24.5

37.1

SURVEY OF CURRENT BUSINESS

August 1997 •

41

Table 1.2.—Real Gross Domestic Product
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Line

1992

1994

1993

1995

1996

IV
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

1994

1993

1992

1

II

Hi

IV

6,244.4

6,389.6

6,610.7

6,742.1

6,928.4

6,327.1

6,327.9

6,359.9

6,393.5

6,476.9

6,524.5

6,600.3

2

4,219.8

4,343.6

4,486.0

4,595.3

4,714.1

4,282.3

4,286.8

4,322.8

4,366.6

4,439.4

4,472.2

3
4
5

488.5
1,321.8
2,409.4

523.8
1,351.0
2,468.9

583.6
1,412.6
2,599.6

611.1
1,432.3
2,671.0

505.0
1,339.8
2,437.6

504.0
1,337.5
2,445.3

529.9
519.3
1,356.8
1,347.8
2,455.9 2,480.0
fldft
0*10.1 1 ftSfifi
09O.O

4,398.0
542.1
1,361.8
2,494.4

550.7
1,378.4
2,510.9

555.8
1,385.5
2,531.4

7QA4
19(1 A

flft.1 ft
004.0

004 c
9V1.9

4 AftO 4
l,UOy.l

8199
Ol£.£

OAK e
049.9

7
8
9
10
11
12
13

783.4
557.9
169.2
388.7
225.6
7.0
-29.5

842.8
600.2
170.8
429.6
242.6
22.1

915.5
648.4
172.5
476.8
267.0
60.6

962.1
706.5
179.9
528.3
257.0
27.3

805.8
569.1
165.6
403.5
236.7
5.6

814.8
577.8
168.0
409.8
237.0
32.3

831.1
595.1
170.3
424.9
236.1
16.6

844.5
602.3
171.7
430.7
242.2
15.3

880.8
625.6
173.1
452.9
255.1
24.2

-70.2

-98.8

-40.0

-54.7

-42.6

-83.1

-80.5

14
15
16
17
18
19

639.4
448.7
1907
669!o
544.9
124.1

658.2
463.7
194.5
728.4
602.0
126.5

-104.6
712.4
509.8
202.9
817.0
684.1
133.2

1,041.7
771.7
188.7
586.0
272.1
25.0
-114.4

791.2
573.9
2180
89o!l
749.2
141.2

857.0
628.4
2299
971.5
8231
149!o

649.1
461.0
1882
689J
561 8
127'.4

647.2
454.1
193.1
701.9
578.7
123.3

660.1
465.3
194.8
722.7
597.8
124.9

646.3
452.0
194.2
729.4
603.1
126.3

679.1
483.5
195.9
759.7
628.3
131.4

Government consumption expenditures and gross Investment

20

1,252.3

1,251.9

1,257.9

5057
354.4
151.2
746.4
-.9

4866
336.9
149.5
765.7
-.3

470.3
322.6
147.5
781.6
.6

4642
317.8
146.1
793.7

1,272.5
534.0
376.8
157.1
738.5
.9

1,250.1
5121
359.2
152.9
738.0

1,253.1
5078
356.7
151.1
745.3
-1.5

1,250.5
501 5
351.1
150.3
749.1
-.4

1,254.7

21
22
23
24

1,263.8
5280
375.8
152.2
735.8

1,252.1

Federal
National defense
Nondefense
State and local
Residual

Gross private domestic Investment

Exports
Goods
Services
Imports
Goods
Services

II

1

561.2
1,389.9
2,535.5
0747
9/9.1

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Net exports of goods and services

I

o

25

-1.6

-1.3

(MUfl
SWr.VJ

501 3
350.8
150.4
753.4

Q4QO

9«}V.9

887.8
626.2
166.3
460.6
261.3
53.1
-97.6
676.0
479.1
197.0
773.6
641.4
132.3
1,241.9
487.2
335.1
151.9
754.7

-1.0

-.9

087 A
9O/.O

913.2
641.2
174.5
467.3
271.5
75.9

-103.9
704.1
501.2
2Q31
808.0
6746
133.6
1,243.3
481 2
335.9
145.1
762.2
-.9

Seasonally adjusted at annual rates
Line

1994

III

i

IV

II

6,688.6

6,703.7

6,708.8

2

6,629.5
4,498.2

4,534.1

3
4
5

561.7
1,393.2
2,543.8

576.6
1,402.5
2,555.9

4,551.3
572.2
1,408.4
2,571.2

4,583.5
577.7
1,411.6
2,594.5

Gross private domestic Investment

6

972.2

1,003.0

1,005.8

977.5

Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Net exports of goods and services

7
8
9
10
11
12

922.7
653.2
174.0
480.0
269.4
49.7

13

Exports
Goods
Services
Imports
Goods
Services
Government consumption expenditures and gross Investment
Federal
National defense
Nondefense
State and local

14
15
16
17
18
19
20

Residual

25

-111.1
722.1
518.4
204.1
833.2
700.0
133.5
1,268.1
496.4
347.0
149.4
771.7
.6

938.5
672.9
175.0
499.1
265.9
63.6
-105.9

955.8
695.7
179.0
518.1
261.2
48.5
-113.5
760.4
550.4
210.6
873.9
733.5
140.7
1,257.7
480.4
328.7
151.4
777.3
.9

954.0
705.4
180.9
525.9
260.4
21.6
-112.8
777.4
565.7
212.5
890.3
751.4
139.3
1,257.3
474.9
327.4
147.3
782.3
1.7

Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

1

21
22
23
24

NoiE.-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,




747.3
540.4
207.5
853.2
720.4
133.2
1,255.8
481.7
329.6
151.7
774.1
.3

1997

1996

1995
III

6,759.2
4,612.9

IV

I

6,796.5

6,826.4

4,633.5
593.7
1,416.3
2,623.8

4,669.4

982.0
962.3
708.2
181.2
528.5
255.5
17.0
-92.9

1,000.8

600.7
1,422.5
2,646.5
1,012.2

976.3
716.8
178.6
540.5
260.8
22.2

1,001.5
736.9
182.1
557.4
266.1
6.0

-76.1

802.4
580.4
222.6
895.4
753.6
142.1
1,255.0
473.4
324.0
149.1
781.5
1.7

824.6
599.1
226.2
900.7
758.2
142.9
1,237.7
452.6
310.3
142.1
785.1

-100.8
828.2
605.2
224.0
929.0
781.4
147.8
1,243.2
460.9
314.9
145.7
782.4
.1

590.8
1,413.9
2,608.7

-1.1

II

III

IV

I

il

6,926.0
4,712.2

6,943.8
4,718.2

7,017.4

7,101.6

7,139.7

4,756.4

611.9
1,433.9
2,672.8

617.1
1,441.2
2,698.2

4,818.1
637.8
1,457.8
2,723.9

4,827.9

614.8
1,431.6
2,666.5

1,059.2

1,100.3

1,149.2

1,035.7
759.7
185.6
577.1
277.2
21.3
-112.6
847.4
619.2
229.3
960.0
811.7
148.8
1,265.1
470.7
323.2
147.2
794.4
-.9

1,060.9
789.3
190.0
602.9
274.1
37.9
-138.9

1,104.8
1,068.7
800.8
196.9
606.7
271.1
32.9

628.5
1,450.1
2,748.8
1,185.7

1,079.0
808.9
195.9
616.6
273.3
63.7

1,110.9
837.8
197.0
645.9
277.1
66.8
-147.9
954.1
718.0
239.9
1,102.0
942.1
161.2
1,272.3
462.0
311.4
150.1
810.4

-105.6

-126.3

851.4
623.0
229.4
990.2
841.7
149.3
1,261.5

901.1
666.2
236.8
1,006.6
857.5
150.0
1,261.8

465.7
319.4
146.0
795.9
-2.4

459.6
313.6
145.7
802.3

922.7
686.2
238.9
1,048.9
891.3
158.4
1,260.5
452.8
303.9
148.5
807.7
-2.9

-3.8

-1.0

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

148

August 1997

Summary National Income and Product Series, 1929-96
Tables 1-4 present revised historical summary series from the national income and product accounts
(NIPA'S). Table i presents current-dollar gross domestic product and its components. Tables 2A
and 2B present real gross domestic product and
its components, in chained dollars and in index

form, respectively. Table 3 presents NIPA price indexes,
and table 4 presents national income and personal income. These estimates are updated quarterly and are
available from STAT-USA'S Economic Bulletin Board
and Internet services; for information, call (202)
482-1986.

Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Government2

Net exports1

Gross private domestic investment

Personal consumption expenditures

Fixed investment
Year and
quarter

GDP
Total

HuraKIa
uuraDie
goods

Non-

durable
goods

Services

Nonresidential
Total
Total
Total

Structures

PDE

Residential

CBI

1.7

0.4

5.9

5.6

9.3

1.7

7.6

102.1

104.6

4.4
2.9
2.0
2.0
2.6

4.1
2.9
1.9
1.9
2.2

9.9
9.8
8.7
8.6

1.8
1.8
1.8
25
35

8.1
8.0
6.9
6.4
75

91.4

91.8
76.9
56.9
56.5
66.1

-12.3
-16.1
-23.4

-10.5
-15.1
-21.3

-.6

.3
0
0
.1
.3

-4.0
17.1

-5.5
15.1

3.3
5.5
5.0
5.6
5.9

7.5
7.5
7.7
8.1
8.8

72.0
82.4

73.5
83.9

11.0
14.3

14.5

89.1
86.5
91.7

925
86.3
92.3

-6.4

6.4

8.5
8.5
8.5
8.3
8.3

98.8

101.6

10.1

1275

255

162.1
198.7
2205

27.6
22.7
10.8

11.0

1932
1933
1934

58.6
56.2
65.9

1935

73.1
83.6
91.8
85.9
91.9

55.9
62.2

5.1
6.3
6.9
5.7
6.7

29.3
32.9
35.2
34.0
35.1

21.5
23.0
24.7
24.6
25.4

101.2
126.7
161.6
198.3
219.7

71.2
81.0
88.9
99.7

37.0
42.9
50.8
58.6
64.3

26.4
28.5
31.3
34.6
37.4

13.6
18.2
10.5

108.5

7.8
9.7
6.9
6.5
6.7

223.2
222.6
244.6
269.7
267.8

119.9
144.3
162.3
175.4
178.9

8.0
15.8
20.4
22.9
25.0

71.9
82.7
90.9
96.6
94.9

40.0
45.8
51.0
56.0
59.0

10.9
31.3
35.0
48.1
36.7

12.3
25.1
35.5
42.4
39.6

10.6
17.3
23.5
26.8
24.9

294.6
339.7
358.6
379.7
381.3

192.7
208.7
219.7
233.5
240.7

30.8
29.9
29.3
32.7
32.1

98.2

63.7
69.7
75.7

54.2

109.2
114.7
117.8
119.7

60.3
54.0
56.3
53.8

48.3
50.3
50.5
54.5
55.8

27.8
31.8
31.9
35.1
34.7

415.1
438.0
461.0
467.3
507.2

259.1
271.9
286.7
296.3
318.1

38.9
38.2
39.7
37.2
42.7

124.7
130.8
137.1
141.7
148.5

103.0
109.9
117.4
127.0

69.0
72.2
70.6
64.5
78.8

64.0
68.1
69.7
64.9
74.6

39.0
44.5
47.5
42.5
46.5

526.6
544.8
585.2
617.4
663.0

332.2
342.6
363.4
383.0
411.4

43.3
41.8
46.9
51.6
56.7

152.9
156.6
162.8
168.2
178.7

136.0
144.3
153.7
163.2
176.1

78.8
77.9
87.9
93.4

49.2
48.6
52.8
55.6
62.4

19.6
19.7
20.8

101.7

75.5
75.0
81.8
87.7
96.7

719.1
787.8
833.6
910.6
982.2

444.3
481.9
509.5
559.8
604.7

63.3
68.3
70.4

191.6
208.8
217.1
235.7
253.2

189.4
204.8
222.0
243.4
265.5

118.0
130.4
128.0
139.9
155.0

108.3
116.7
117.6
130.8
145.5

74.1
84.4
85.2
92.1

283

102.9

1,035.6
1,125.4
1,237.3
1,382.6
1,496.9

648.1
702.5
770.7
851.6
931.2

85.0
96.9

291.1
320.1
352.3
384.9
424.4

150.2
176.0
205.6
242.9
245.6

148.1
167.5
195.7
225.4
231.5

106.7
111.7
126.1
150.0
165.6

40.3
42.7
47.2

66.4
69.1
78.9

41.4

110.4
123.5
122.3

272.0
285.5
308.0
343.1
384.5

55.0
61.2

95.1

104.3

75.3
66.0

17.5
14.1

1,630.6
1,819.0
2,026.9
2,291.4
2,557.5

1,029.1
1,148.8
1,277.1
1,428.8
1,593.5

133.5
158.9
181.1
201.4
213.9

420.6
458.2
496.9
549.9
624.0

475.0
531.8
599.0
677.4
755.6

225.4
286.6
356.6
430.8
480.9

231.7
269.6
333.5
403.6
464.0

169.0
187.2
223.2
272.0
323.0

61.4
65.9
74.6
91.4

62.7
82.5

-6.3
16.9
23.1

1983
1984

2,784.2
3,115.9
3,242.1
3,514.5
3,902.4

1,760.4
1,941.3
2,076.8
2,283.4
2,492.3

213.5
230.5
239.3
279.8
325.1

695.5
758.2
786.8
830.3
883.6

851.4
952.6
1,050.7
1,173.3
1,283.6

465.9
556.2
501.1
547.1
715.6

473.5
528.1
515.6
552.0
648.1

350.3
405.4
409.9
399.4
468.3

1985
1986
1987
1988
1989

4,180.7
4,422.2
4,692.3
5,049.6
5,438.7

2,704.8
2,892.7
3,094.5
3,349.7
3,594.8

361.1
398.7
416.7
451.0
472.8

927.6
957.2
1,014.0
1,081.1
1,163.8

1,416.1
1,536.8
1,663.8
1,817.6
1,958.1

715.1
722.5
747.2
773.9
8292

688.9
712.9
722.9
763,1
797.5

1990
1991
1993
1994

5,743.8
5,916.7
6,244.4
6,558.1
6,947.0

3,839.3
3,975.1
4,219.8
4,459.2
4,717.0

476.5
455.2
488.5
530.2
579.5

1,245.3
1,277.6
1,321.8
1,370.7
1,428.4

2,117.5
2,242.3
2,409.4
2,558.4
2,709.1

799.7
736.2
790.4
8765
1,007.9

1995
1996

7,265.4
7,636.0

4,957.7
5,207.6

608.5
634.5

1,475.8
1,534.7

2,873.4
3,038.4

1,0385
1,116.5

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982

1992

. ...

See footnotes at end of table.




80.8
85.9

83.0
89.0
95.5

5.9
1.1
1.7
3.7

7.0
3.6
3.1
4.3

8.6
5.3
2.9
2.5
3.3

6.7
8.7

5.6
7.5
9.5
7.7
9.1

4.3
5.8
7.5
5.5
6.1

1.4
1.9
2.7
2.1
2.2

2.8
3.9
4.8
3.4
3.9

1.3
1.7
2.1
2.1
3.0

1.1
15
2.7
-.6
5

-2
-.2
0
.9
.8

2.8
3.0
4.0
3.8
3.9

3.0
3.2
4.0
2.8
3.1

10.8
13.0
12.7
13.7

7.7
9.7
6.3
5.4
7.4

2.6
3.3
22
1.8
2.4

55
6.4
4.1
3.7
5.0

3.5
4.1
2.2
1.4
1.4

2.4
4.4
1.9
-.8
-.9

1.4
1.0
-.3

4.8
5.4
4.3
3.9
4.8

3.4
4.4
4.6
6.3
6.9

15.0
26.5
62.7
94.9

3.3
7.4
8.1
9.5
9.2

7.3
9.9

1.7
7.8

6.7

7.5
7.0
7.9

6.1
7.8

11.2
13.8

8.5
6.9
8.7

Final
sales of
domestic product

-.4

14.9

10.6

7.1
9.3

GDP

4.0

16.7

29.0

67.2

GNP

2.4
1.8
.8
.6
.9

30.5

34.0
29.0
22.7
22.3
26.7

1938
1939

and

4.2
2.6
1.5
1.4
2.1

37.7

7.2
5.5
3.6
3.5
4.2

12.2

Federal

5.5

9.2

70.2
60.7
48.7
45.9
51.4

66.8
64.2

State
Total

5.5

77.5

91.1
76.4

1936
1937

Imports

Percent change
from preceding
period

4.4
2.6
1.4
1.1
1.2

103.8

1930
1931

26.2
22.3
20.2
20.5

Exports

local

1929

11.0

Net

Final
sales of
domestic product

-1.1
-2.5
-1.5

-1.4

6.2
-.5
5.6

-2.4
-2.2

-.9
7.1

11.6
14.6
15.3
16.0
15.4

47.1
68.3
83.8
90.7
86.4

26.3
45.3
59.4

17.6

17.2
18.9
19.9

86.7
91.6
99.8

54.9
56.7
61.3

200

106.1
112.0

638

22.3
22.8
22.7
25.0
26.1
28.1

113.2
120.9
131.4
137.7
144.4

69.1
76.5
78.1
79.4

31.5
37.1

153.0
173.6
194.6
212.1
223.8

106.6
113.8
115.8
115.9
117.1
125.1
128.2
139.9

10.1

13.6
13.9

21.5
20.8

18.6
19.4
21.1

155

23.9
26.3
28.6
24.9
28.3

25.0
23.6
22.2
22.3
28.1

4.9
4.1
.9
-.4
45

29.7
28.9
32.1
34.4
38.7

26.3
26.4
29.0
32.1
34.3

35
2.9
6.1
5.7
5.0

2.4
3.4
2.4
3.3
5.5

45.8
53.0
53.7

345

9.7

3.9
1.9
1.4

18.2
19.0
17.6
18.1

215
23.7

31.3
31.5
33.6
37.7

58.5
65.2

32.3
32.4
38.7
42.6

55.8
69.7

114.9

107.6
121.2
148.7
180.6
208.1

110.3
131.6
141.0

133.9
164.6
175.0
152.7
176.0

216.4
240.9
234.9
246.7
292.3

123.2
122.6
105.7
152.5
179.8

502.0
494.8
495.4
530.6
566.2

193.3
175.8
172.1
181.3
192.3

308.7
319.0
323.3
349.3
373.9

186.9
218.1
227.6
2325
231.3

791.6
738.5
783.4
855.7
946.6

575.9
547.3
557.9
604.1
660.6

200.8
181.7
169.2
176.4
184.5

375.1
365.6
388.7
427.7
476.1

215.7
191.2
225.6
251.6
286.0

1,008.1
1,090.7

723.0
781.4

200.6

522.4
566.2

285.1
309.2

2155

13.8
10.5

9.1
9.5
2.2
8.5
9.9

84.4
29.2
22.8
24.5
28.0

12.3
17.0
16.3
15.2
15.7

17.8
19.9
19.7

20.5
18.4

125

-1.9

93.3
39.9
36.5
40.8
47.0

.7
2.4
1.0
-.8
.3

-2.8

3.5
1.8

105.6

17.9
54.1
86.6
97.2

5.4
55

12.1
15.6
14.6

5.9

14.6

14.1
18.7
15.5
14.4

10.8

15.3
17.3
15.7

10.0
12.0

10.4

.4
2.3
4.0
.4
-1.7

-1.3
-1.2

1.2

215
23.9
20.4
20.6

253
26.0
27.4
29.4
33.6
35.4
38.9
41.4
45.3
49.3

10.1

9.2

39.9
46.6
50.5

64.5
57.4

67.2

656

81.8
94.1

8.9

77.6
61.0
57.7
66.4

122.2
159.7
199.1
220.6

10.7
13.7
16.3
19.0

224.6
216.4
245.1
264.1
270.6

223.5
223.3
245.8

20.7
23.0
24.5
26.2
29.0

288.7
329.7
3550
377.9
383.2

296.1
341.7
360.7
381.7
383.4

31.7
34.8
38.5
42.3
44.8

410.2
433.9
460.1
467.7
503.0

47.6
51.8
55.0
59.6
65.0
71.2
79.5
88.1
98.3

2715

269.1

9.7
7.0

1.6
-.3
9.9
10.3

-.7
10.0
15.3

8.4
8.1
-2.9

6.0
7.8
23.7
30.7
24.7
10.8

1.8
^3.6
13.2

7.8
2.4
6.7
14.2

5.5
5.9
.4

7.7
6.4
1.4

417.7
440.9
464.2
470.1
510.1

8.9
5.5
5.3
1.4
8.5

7.0
5.8
6.1
1.6
7.6

523.3
541.9
579.1
611.7
658.0

529.8
548.4
589.4
621.9
668.0

3.8
3.5
7.4
5.5
7.4

4.0
3.5
6.9
5.6
7.6

108.0

709.4
774.0
823.1
901.4
972.7

724.5
793.0
839.1
916.7
988.4

8.5
9.5
5.8
95
7.9

7.8
9.1
6.3
9.5
7.9

120.2
132.8
143.8
159.4
183.3

1,033.4
1,116.9
1,227.4
1,365.2
1,482.8

1,042.0
1,133.1
1,246.0
1,395.4
1,512.6

5.4
8.7
9.9

6.2
8.1
9.9

91.8

55.8
62.3
74.2
91.2

-3.1

124.3

127.5

236.1
249.9
268.9
287.6
323.2

13.6
-2.3

-23.7
-26.1
-24.0

136.3
148.9
158.8
186.1
228.7

122.7
151.1
182.4
212.3
252.7

362.6
385.9
416.9
457.9
507.1

154.5
162.7
178.4
194.4
215.0

208.1
223.1
238.5
263.4
292.0

1,636.9
1,802.0
2,003.8
2,264.2
2,540.6

1,643.9
1,836.1
2,047.5
2,313.5
2,590.4

-14.9
-15.0
-20.5
-51.7
-102.0

278.9
302.8
282.6
277.0
303.1

293.8
317.8
303.2
328.6
405.1

572.8
633.4
684.8
735.7
796.6

248.4
284.1
313.2
344.5
372.6

324.4
3495
371.6
424.0

2,791.9
3,087.8
3,256.6
3,519.4
3,835.0

2,819.5
3,150.6
3,273.2
3,546.5
3,933.5

-114.2
-131.5
-142.1
-106.1
-80.4

303.0
320.7
365.7
447.2
509.3

417.2
452.2
507.9
5535
589.7

875.0
938.5
992.8
1,032.0
1,095.1

410.1
4355
455.7
457.3
477.2

464.9
503.3
5375
574.7
617.9

4,154.5
4,412.6
4,668.1
5,038.7
5,407.0

4,201.0
4,435.1
4,701.3
5,062.6
5,452.8

7.1
5.8
6.1
7.6
7.7

8.3
6.2
5.8
7.9
7.3

615

-71.3
-20.5
-29.5
-60.7
-90.9

557.3
601.8
639.4
658.6
721.2

628.6
6223
669.0
719.3
812.1

1,176.1
1,225.9
1,263.8
1,283.4
1,313.0

503.6
522.6
528.0
518.3
510.2

672.6
703.4
735.8
765.0
802.8

5,735.8
5,919.0
6,237.4
6,537.6
6,885.7

5,764.9
5,932.4
6,255.5
6,576.8
6,9555

5.6
3.0
5.5
5.0
5.9

6.1
3.2
5.4
4.8
5.3

30.1
25.9

-86.0
-94.8

818.4
870.9

904.5
965.7

1,355.5
1,406.7

509.6
520.0

846.0
886.7

7,235.3
7,6105

7,270.6
7,637.7

4.6
5.1

5.1
5.2

275
16.9
-7.6
28.2

-14.5
-4.9
67.5

265
9.6
24.2
10.9
31.7

8.0
-2.3

7.0
20.5

-3.0
-8.0

.6

57.0
59.3
66.2

3915

11.7

8.3
8.9
11.5
11.4
13.0
11.6

8.9
11.9

4.1
8.4
11.0

11.2

8.6
10.4
10.1
11.2
13.0
12.2

9.9
10.6

5.5
8.1
9.0

SURVEY OF CURRENT BUSINESS

August 1997 • 149

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures

Government2

Net exports1

Gross private domestic investment

Year and
quarter

GDP
Total

Durable
goods

Nondurable
goods

Services

Total

ResiC*n i/»

Total

1946: 1 ,

II

HI
IV ....
1947:1

||
HI
IV ....
1948: 1

II

III
IV ....
1949:1

II
Ill
IV ....
1950:1

||
Ill ....
IV ....
1951: 1
li
Ill
IV ....
1952: 1
II
Ill
IV ....
1953: 1
II
Ill
IV ....
1954: 1

||
HI
IV ....

134.9
140.1
148.9
153.2

12.6
14.7
17.1
18.7

78.9
80.6
85.1
86.3

43.5
44.9
46.7
48.2

25.1
32.2

19.4

255.0

156.6
160.5
164.1
168.2

20.0
20.3
22.0

87.7
90.1
92.1
93.6

260.8
267.9
274.4
275.8

170.9
174.7
177.6
178.5

22.0
22.4
23.7
23.3

270.6
266.7

177.4
179.0
178.3
180.8

12.9
13.3
13.9
14.6

237.1
242.1
247.9
253.3

238.5
242.0
246.3
2565

16.9

9.6

155
15.4
14.6

10.0
10.5
10.1

37.8
39.9
41.7
43.8

22.7
24.1
24.9
26.4

15.1
15.9
16.7
17.4

257.3
262.0
267.3
269.8

262.3
269.4
276.0
277.3

6.4
65
5.1
2.9

16.0
15.6
14.0
12.0

9.6
9.4
8.9
9.1

45.9
47.6
47.5
46.9

27.9
28.9
28.0
27.2

18.0
18.7
19.4
19.7

270.2
272.0
269.6
270.5

272.0

2.1
1.6
-.8
-5

11.6
11.8
12.2
13.5

9.5
105
13.0
13.7

45.9
46.4
46.2
49.8

25.8
26.0
25.2

20.0
20.4
21.0
21.6

273.9
282.5
298.5
299.9

277.3
286.7
304.5

.1
1.9
3.7
4.1

15.0
17.0
18.0
18.1

14.9
15.2
14.3
14.0

57.6
65.0
72.9
77.9

35.5
42.1
49.4

22.1
22.9
23.4
23.7

319.1
334.1

331.1
339.1
346.1

343.5

350.7

3.6
1.8
-.1

18.6
16.5
15.1

79.4
83.3
85.0
87.5

55.6
58.7
62.6

23.8
24.6
24.4
25.0

346.8
353.9

155

15.0
14.6
15.3
16.3

366.3

353.8
354.6
360.8
373.5

-.7
-.4

15.0
15.1
15.7
15.1

15.8
16.4
16.3
15.5

89.9
92.0
90.5
90.7

64.1
66.3
64.1
63.7

25.8
25.7
26.4
27.0

374.7
378.7
379.4
378.8

380.5
384.3
383.5
378.6

14.3
16.3
15.8
16.5

14.8

88.8
86.4
85.0
85.2

60.9
57.8
55.5
55.3

27.9
28.6
29.6
29.9

378.3
3803
383.7
390.4

378.4
379.0
383.8
392.5

3995
406.7

415.6
419.3

422.4
429.0

422.5

432.0
437.6
442.6

7.9
7.9
8.3
8.4

14.9
15.2
15.0
16.1

10.4
10.4
12.3
15.1

.4
-1.2
-2.8

10.8
11.2
11.7

1.6

9.2

95.1
97.0
97.0
97.3

53.9
55.3
56.9
57.9

44.9
48.1
50.3
49.1

41.3
42.2
43.1
43.1

26.2
26.0
27.0
28.1

8.8
9.3
9.9

155

10.1

17.3
16.7
17.1
18.0

3.5
5.8
7.2
6.0

75
55
4.9
4.4

22.8
24.8
25.8
26.8

96.3
95.3
93.5
94.3

58.3
58.9
59.0
59.8

40.9
33.9
37.2
35.0

40.5
39.2

9.7
9.4
8.9
8.7

16.8
16.1
14.9

14.0
13.7
14.5
16.3

.4

39.9

26.6
25.5
24.1
23.5

183.6
187.5
201.2
198.6

27.7
28.1
35.6
31.5

94.8
96.3
100.9
100.9

61.1
63.0
64.7
66.2

44.4
49.9
56.2
66.3

42.3
47.0
52.0
51.8

24.2
26.6
29.6
30.6

9.1
9.5
10.3
11.0

15.1
17.1
19.4
19.6

18.1
20.4
22.3
21.3

14.5

209.7
205.3
207.9

33.8
28.9
28.3
28.4

107.8
107.4
109.4
112.0

68.0
69.0
70.2
71.4

62.1
65.0
59.5
54.6

51.7
50.0
49.6
49.6

30.9
31.8
32.5
32.2

11.5
12.2
12.3
11.9

19.4
19.7

20.8
18.2

10.5
14.9

205

175

20.2

17.5

9.9
4.9

28.9
29.1
27.4
31.5

111.4
113.7
115.9
117.9

72.9
74.6
76.5
78.6

55.4
49.9
53.9
57.0

50.5
51.4
48.3
51.9

32.4
32.9
29.8
32.5

12.0
12.1
12.6

20.4
20.8
17.7
19.9

18.0
18.5
18.5
19.4

33.0
32.9
32.7
32.1

118.1
118.1
117.6
117.5

80.5
82.5
84.2
84.7

57.8
57.9
57.2
52.2

54.0
54.6
55.1
54.3

34.3
34.8
35.9
35.4

13.1
13.5
13.7
14.0

21.3
21.3
22.1
21.4

19.7
19.8

31.4
32.1
31.6
33.3

118.7
118.8
119.9
121.3

86.3
88.2
90.0
91.4

51.6
54.7
57.8

53.5
54.6
56.8
58.1

34.5
34.3
35.0
34.9

13.9
13.9
13.9
13.8

20.6
20.4
21.1
21.1

122.3
124.0
125.0
127.5

93.4
94.4
95.8
98.4

64.2
68.1
69.9
73.7

60.4
63.5
65.7
66.6

35.4
37.9
40.4
42.5

14.3
14.7
15.4

211.9
213.3
217.4
219.9

371.4

228.0

231.6

382.1
381.6

233.5
234.5
234.2

381.7
390.1

23.6
23.4
22.6
21.7

22.8
23.2
23.3
24.5

378.5

376.6

36.5
36.7
36.5
36.3

33.2
33.6
35.6
39.6

314.4

376.4
376.9

7.5
85
7.7
8.3

33.6
32.4
32.9
41.2

276.0
285.3
302.8

351.7

18.3
19.4
19.4
17.6

49.4
50.5
51.7
52.6

265.7

352.5
358.7

9.7
10.3
11.0
11.8

34.6

268.1

236.4

239.1
241.4
246.0

515

386

125

155

-5.3
-1.5
-4.9

2.1
2.9
4.3

4.9
-1.5

5.6
5.1

GDP

345

6.5
7.3
8.4
6.3

16.3
16.1
15.0

GNP

28.8
27.1
26.9

5.7
8.6
5.9
4.5

245.1

uct

43.9
39.0
38.1
38.7

5.9
7.4
8.7
9.3

7.3
8.6

Federal

6.6
7.0
7.0
7.3

10.8
13.0

333

po

Total

15.4
13.6

6.2
7.4
7.9
7.9

237.4
240.9

344.0
348.4

PDE

xpo

Hantial
Genual

13.6
16.1
18.7
20.9

228.6
232.8

337.1

tures

ealae nf
Sales Ul
domestic prod-

local

Net

CBI

19.4
23.5
27.4
30.2

210.4
218.5

329.5

ouUC-

and

State

Nonresidential
Total

Percent change
from preceding
period

Final

Fixed investment

-1.1

-.8

13.0

145

285

545

606

204.7
209.9
2228
228.3

3225

353.1

211.1
2195
229.4
233.6

268.1
269.4
266.9

316.1

-.3
.6
5.1
9.1

-.6
2.2
3.7
7.1

405.5

13.8

413.8

8.6
8.5
6.4

9.4
7.7
9.1
3.6

2.5
5.4
4.6
8.3

3.1
8.3
4.6
9.6

8.0
1.6
6.6

-.3

25.0
25.6

1.0
-.3
.6
.1

17.2
16.8
18.1
18.3

165

24.2

3.7
4.6
45
7.1

17.1
17.4
18.1

85.6
86.2
87.8
86.9

54.7
54.8
55.9
54.4

30.9
31.5
31.9
32.5

23.7
23.9
23.5
23.0

6.6
3.7
3.7
2.5

.3
1.8
2.5
4.4

19.3
20.8
21.7
23.0

18.9
19.0
19.3
18.5

88.4
91.6
91.7
94.5

54.8
57.1
56.5
58.6

33.6
34.5
35.2
36.0

2.3
2.6
3.0

4.7
4.0
3.9
3.3

24.8
24.3
23.6
22.9

20.1
20.3
19.8
19.6

98.3
98.5
100.0
102.4

61.0
60.4
61.1
62.6

37.3
38.1
38.8
39.8

454.9
456.3
463.4
465.9

460.4
462.4
469.7
464.3

-4.0

85
15
6.3
2.3

20.4
20.4
20.5
20.5

19.5
20.1
19.7
20.8

102.0
105.7
107.0
109.8

61.2
64.0
64.1
66.0

40.8
41.8
42.9
43.8

458.0
462.6
470.3
480.0

456.8

-6.4

-6.6

461.2

3.8

474.5
487.9

12.3
11.8

4.0
6.8
8.5

44.7
44.9
44.9
44.8

491.9
501.5

499.0

9.5

10.3

512.0
512.5
516.9

10.9

8.0
6.4
.1

516.0

530.3
5295
5325
527.3

10.9

15.3
15.5

461.6

290.9

134.5
135.8
139.2
138.9

107.5
108.9
110.5
112.9

71.9
71.9
73.4
65.1

69.6
69.3
70.4
69.4

47.0
47.1
48.4
47.5

18.8
19.0
19.1
18.9

285

IV ..

40.3
39.8
39.4
39.1

28.1
29.3
28.6

22.6
22.2
22.0
21.9

1958: 1 ....
II ....

454.0
458.3

37.1
36.3
37.0
38.3

139.5
140.8
142.8
143.9

113.9
116.4
118.9
120.3

60.5
58.7
65.5
73.2

64.6
63.0
63.9
68.0

43.6
42.0
41.4
43.0

18.1
17.6
17.3
17.6

25.5
24.4
24.1
25.5

20.9
21.0
22.5
24.9

^.0
1.5
5.2

1.0
.4
.7
-.4

41.5
43.2
44.1
41.8

146.1
147.7
149.3
150.9

122.8
125.5
128.4
131.1

76.7
82.7
76.3
79.4

72.3
74.9
76.1
75.1

44.5
46.1
47.8
47.6

17.4
18.0
18.6
18.5

27.1
28.1
29.1
29.1

27.8
28.8
28.3
27.5

4.4
7.8
.2
4.3

-1.7
-2.5
-1.1
-1.4

19.7
20.0
21.8
21.1

21.4
22.5
22.9
22.5

110.9
112.6
112.6
111.9

665

435

150.8
153.6
153.0
153.9

133.3
135.5
136.5
138.7

89.1
79.4
78.4
68.1

77.8
76.3
74.2
73.8

49.4
50.2
48.9
48.5

19.4
19.5
19.4
20.0

30.1
30.7
29.5
28.4

28.4
26.1
25.3
25.3

11.3

.9
1.7
3.0
4.0

24.2

23.3
23.5
22.9
21.7

110.0
111.8
114.5
116.7

64.0
64.5
66.2
67.7

46.0
47.3
49.0

523.0
524.8
529.6

26.1

117.8
119.7
121.0
124.9

67.1
68.7
69.3
71.3

50.8
50.9
51.7
53.6

530.7
537.3
542.9
556.6

531.8

26.1
26.8

21.7
21.9
23.3
23.9

579.0
586.9

275

255

-4.3

431.0
435.9
446.0

451.1

IV ....

485.2

290.5
293.5
298.6
302.5

1959: 1
||
Ill .
IV ....

496.3
509.3
509.6

310.4
316.4
321.7

513.8

323.8

1960: 1
II
HI
IV ....

527.3

327.3
333.2

529.0
523.9

333.1
335.0

44.1
43.6
42.4

1961: 1
||
Ill
IV ....

528.1

335.7
340.6
343.5
350.7

39.9
40.9
42.1
44.2

155.2
156.0
156.5
158.6

140.6
143.7
144.9
147.9

70.1
75.4
82.2
84.0

72.7
73.8
75.5
78.0

47.4
48.3
48.6
50.2

19.9
19.6
19.7
19.6

27.5
28.7
28.9
30.6

25.3
25.5
26.9
27.8

-2.6

1.6
6.7
6.0

4.4
3.3
2.8
2.9

1962: 1
||
HI
IV ....

575.3
582.8
589.9
592.9

355.3

45.2
46.4
46.9
48.9

160.6
161.9
163.4
165.3

149.5
152.9
155.0
157.5

89.3
87.9
89.1
85.4

79.8
82.2
82.9
82.4

51.4
53.0
53.7
53.2

20.0
20.8
21.4
20.9

31.4
32.2
32.3
32.3

28.4

9.5
5.6
6.2
3.1

2.3
3.2
2.9
1.5

26.6
28.1
28.0
27.0

24.3
24.9
25.1
25.6

128.4
130.4
132.6
134.3

74.5
75.9
77.3
78.1

53.9
54.5
55.3
56.2

565.8
583.7
589.8

594,1

1963: 1
||
Ill
IV ....

602.2

375.1

158.8
161.1
165.0
168.0

90.3
91.8
94.7
96.6

83.3
86.9
88.8
91.8

53.1
54.7
56.3
58.1

20.2
21.2
21.4
21.9

32.9
33.5
34.9
36.2

305
325

7.0
4.9
5.9
4.8

2.0
3.7
3.1
4.4

27.2
29.6
29.8
31.1

25.2
25.9
26.7
26.8

134.7
135.9
139.5
140.7

76.9
77.3
79.1
79.0

595.1

606.8

379.4
386.4

166.3
167.0
169.4
169.9

57.8

610.9

50.0
51.3
52.0
53.1

58J

606.0

615.3

60.4
61.7

617.8
627.9

628.2
637.5

555

174.1
177.3
181.0
182.3

171.2
174.4
177.7
181.1

100.6
100.4
101.5
104.4

95.0
95.6
97.2
99.0

59.6
61.4
63.5
65.2

22.4
23.4
24.3
24.8

37.2
38.0
39.3
40.3

35.4

5.6
4.8
4.3
5.4

5.9
4.9
5.4
5.7

329
35.0

27.0
27.7
28.4
29.3

142.4
144.8
145.1
145.3

79.4
80.1
79.4
78.6

62.9
64.6
65.7
66.7

643.8
653.6
664.9
669.7

185.0
188.7
192.6

183.7
187.4
191.0
195.7

115.8
115.8
119.1
121.3

103.5
106.6
109.6
113.4

69.7
72.4
75.3
78.9

26.1

43.5
44.3
46.8
48.5

33.9
34.2
34.3
34.5

12.3

3.0
4.7
3.7
4.1

31.5
36.3
35.7
38.0

28.5
31.7
32.0
i 33.9

146.2
149.9
155.0
- 160.9

78.3
79.9
82.4
86.5

67.9
70.1
72.7
74.3

IV ....

675.1

1965: 1
II
Ill
IV ....

695.6
708.2
725.0
747.7

430.6
437.8
447.2

461.5

See footnotes at end of table.




56.6
58.4
56.4
61.9
61.7
63.6
65.9

200.0

285
28.5
30.4

4.0

21.1
23.1
25.0
26.3

165

282.3
284.5

417.1
419.8

1.9

-5.1

457.2
459.0
466.4

in

13.1
24.7

-.4
.2
.5
1.1

1957: 1
II ....

391.1

145
26.6
16.3

-1.9
-3.4
-2.1

25.4
25.9
26.8

400.5
408.3

5.1

-2.2

17.4
18.0
18.6
18.7

649.4
658.4
669.2

1.5

16.5

19.0
20.3
21.8
23.2

42.8
43.9
45.4
45.9

1964: 1
||

-3.6

9.4
4.4
.7
-.6

66.6
67.8
68.9
69.0

623.7
632.8

-3.5

18.9

-1.4

73.1
71.5
72.6
71.5

371.7

.6
2.6

2.1

195

100.2
101.8
103.9
106.0

361.3

2.0
-7.4
-5.6

15.8

129.1
130.0
131.3
132.7

365.4

6.4
7.6
8.3
3.8

7.8
3.9
-.6

37.9
38.0
37.6
39.3

538.9
549.6
562.6.

9.5
11.3
10.2

8.7

15.0

267.2
269.7
272.8
278.0

526.1

9.1

10.0

3.8
3.4
25

265.6

471.8

17.0

3.9
8.5
-.9

426.4

289.1

16.3

3.8
.9
7.2

429.0
434.7
439.6
448.5

Ill

8.3
5.9
7.3

15.6
11.8

1956: 1
II
HI
IV ....

165

26.9
10.3

9.5
8.4
5.3

36.5
38.8
40.6
39.6

261.5

ioS

28.0

402.9

411.3
419.8

7.4

20.7

1955: 1
II
HI
IV ....

252.2
257.2

i'6.3
19.8

Final
sales of
domestic product

295
29.2
29.1

32.5
33.7

345
33.7
33.8

-4.2

3.1
4.2
-5.7

9.2
9.5
7.8

255
25.9
25.8

255

32.6

339

67.8
67.7
67.1

485

509.4
509.5

.2
3.3
-.9
25
-3.8

5.2
5.6
1.4
3.7

3.3
8.4
8.1
9.9

10.5

9.3
5.3
5.0
2.0

6.8
8.3
4.6
4.2

6.4
5.9
8.7
5.9

3.7
7.5
8.0
6.7

654.5
663.4
674.3
679.9

10.9

10.5

5.7
6.7
3.6

65
7.1
3.0

683.4
699.0

7015
713.9

12.7

715.5

730.4
752.6

7.4
9.9

8.4
9.5
9.8

13.1

14.3

577.1

739.9

542.4
553.2
566.3

597.7

.9
5.1
4.2

SURVEY OF CURRENT BUSINESS

15O • August 1997

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures

Government2

Net exports1

Gross private domestic investment
Fixed investment

Year and
quarter

GDP

Total

Durable
goods

Non-

durable
goods

Can;

oervices

Total

Nonresidential

Total
Total

Structures

PDE

Residential

CBI

Total

Exports

Net

117.0
117.4
117.3
114.9

822
842

31.1
31.2
31.9
31.2

51.1
53.0
53.4
54.5

34.8
33.2
31.9
29.2

13.5
12.5
12.2
17.0

3.2
2.0
.8
1.5

38.2
38.2
39.0
40.4

35.0
36.2

85.3
85.7

127.7
123.0
128.5
133.0

112.7

31.7
30.9
31.5
32.0

52.7
53.6

28.3
31.6
33.4
36.0

15.0

118.1
123.3

84.3
84.5
84.7
87.2

2.3
2.1
1.1
2

41.7
41.1
40.7
41.9

234.3
240.9
246.3
251.9

135.7
141.9
138.7
143.5

127.5
128.0
130.7
137.0

90.6
89.9
91.8
96.0

33.1

432

34.8

57.6
56.7
58.6
61.3

246.4
251.1
255.2
259.9

256.9
262.4
267.9
275.0

154.7
154.4
159.0
152.0

142.7
144.8
148.3

99.5

35.8
36.7
38.9
39.4

63.7
64.7
66.1
66.2

432

12.0

43.4
43.2
40.7

10.7

84.9
86.0
86.9
82.1

266.2
269.8
273.7
278.4

281.4
286.8
294.6
301.6

148.5
151.1
153.8
147.6

146.5
146.5
148.6
150.6

105.8
107.1

39.5
40.3
40.6
40.8

66.4
66.8
67.6
64.9

40.7
39.4
40.4
45.0

92.7
95.5
97.8

308.6
316.1
323.7
332.1

169.3
177.1
181.1
176.6

156.8
165.7
170.7
176.8

1082

101.5

280.3
284.1
286.7
291.0

111.1
112.4
115.3

41.5
42.3
43.1
43.8

66.7
68.8
69.3
71.5

48.6
54.6
58.3
61.5

104.9
108.1
111.4
117.0

295.9
304.3
311.5
320.5

341.1
347.5
355.2
365.3

191.8
204.2
209.8
216.8

187.2
191.7
195.8
208.1

120.6
123.5
126.3
133.8

45.8
46.6
47.3
49.0

74.9
76.9
78.9
84.9

66.6
68.2
69.6
74.3

12.4
14.0

1,337.5
1,369.4.
1,391.4
1,432.3

827.2 - 125.2
124.1
842.1
860.8
123.8
121.1
876.1

330.3
337.0
347.6
357.4

371.6
381.0
389.4
397.6

232.9
242.4
240.3
255.8

219.0
224.7
228.7
229.1

141.2
149.0
153.7
156.4

51.3
54.1
56.8
57.7

89.9
94.9
96.8
98.6

77.9
75.8
75.0
72.7

13.9
17.6
11.6
26.7

1974: 1 ,
||
Ill
IV ....

1,446.5
1,482.5
1,511.7
1,546.8

894.4
922.4
950.1
957.8

118.9
123.0
128.8
118.6

369.1
380.3
391.7
396.7

406.3
419.1
429.7
442.4

241.2
247.5
242.8
251.0

228.0

159.0
163.7
168.5
171.0

59.0
61.3
61.4
63.2

100.0
102.3
107.1
107.8

69.0
67.5
67.4
60.0

132

235.9
231.0

20.0

1975:1

982.7
1,012.4
1,046.3
1,075.1

123.2
128.3
138.0
144.4

404.4
415.5
427.7
435.0

455.1
468.6
480.6
495.7

212.2

HI ]
IV ....

1,560.3
1,597.8
1,657.1
1,707.3

234.3
243.7

223.9
225.9
234.4
242.6

166.3
166.0
169.7
173.9

61.7
60.4
61.3
62.0

104.6
105.6
108.4
111.8

57.7
59.9
64.6
68.7

-11.7
-14.7
0
1.2

1976:1
||
Ill
IV ....

1,767.3
1,797.9
1,830.4
1,880.3

1,110.2
1,130.2
1,159.8
1,195.0

154.1
156.3
159.6
165.3

445.3
452.6
462.4
472.4

510.7
521.4
537.7
557.3

271.3
285.8
289.5
299.8

2552
264.0
270.4
288.9

179.1
183.4
189.8
196.4

64.1
65.1
66.7
67.8

115.0
118.3
123.1
128.6

76.2
80.7
80.6
92.5

16.0
21.8
19.1
10.9

-1.1
-5.0

1977:1
II
Ill
IV ....

1,934.4
2,005.1
2,063.2
2,104.7

1,230.7
1,259.1
1,290.3
1,328.1

173.6
178.7
183.0
189.0

483.7
492.0
498.5
513.5

573.4
588.3
608.8
625.5

321.3
3532
373.8
378.0

306.4
330.2
341.8
355.7

208.8
218.5
226.8
238.8

69.7
73.6
76.4
78.5

139.1
144.8
150.4
160.3

97.6

111.7
115.0
116.9

1978: 1
||
Ill .....
IV ....

2,147.7
2,273.7
2,333.9
2,410.2

1,358.3
1,417.4
1,450.6
1,488.7

186.8
204.4
204.8
209.8

524.1
542.6
558.1
574.9

647.5
670.4
687.7
704.0

392.9
425.6
443.5
461.2

364.8
398.8
417.1
433.9

243.8
268.2
281.3
294.8

792

102.0

164.5
179.6
185.6
192.8

1979: 1
II
Ill
IV ....

2,464.5
2,522.3
2,592.8
2,650.4

1,529.3
1,563.9
1,617.4
1,663.5

211.1
209.9
218.4
216.3

593.5
610.1
635.3
657.1

724.7
743.9
763.7
790.1

471.1
482.4
486.4
483.5

446.8
455.1
474.9
479.2

308.2
314.2
331.4
338.0

104.8
110.0
119.1
125.7

203.4
204.3

1980: 1 ,
||
Ill
IV ....

2,722.3
2,719.4
2,783.4
2,911.8

1,713.1
1,716.9
1,774.9
1,836.8

219.4
212.4
223.0

679.2
686.0
698.9
717.8

814.5
831.7
863.6
895.9

493.0
449.8
430.8
490.1

484.6
450.1
464.6
494.8

350.0
338.9
348.7
363.5

1981: 1
II
Ill
IV ....

3,040.2
3,070.3
3,167.7
3,185.5

1,890.3
1,923.5
1,967.4
1,983.9

232.6
227.4
238.4
223.6

745.1
755.5
762.5
769.5

912.6
940.6
966.6
990.8

549.9
534.7
576.1
564.1

511.6
525.3
533.6
541.8

1982: 1
||
Ill
IV ....

3,178.6
3,231.6
3,259.1
3,299.1

2,021.4
2,046.1
2,091.1
2,148.7

233.2
235.6
238.1
250.1

775.5
777.8
792.2
801.9

1,012.8
1,032.7
1,060.8
1,096.7

511.1
514.1
509.3
469.8

1983: 1
||
Ill
IV ....

3,361.0
3,469.2
3,563.3
3,664.6

2,185.0
2,257.2
2,316.8
2,374.7

254.6
274.7
286.8
303.3

805.3
823.1
841.4
851.1

1,125.1
1,159.4
1,188.5
1,220.2

1984: 1 ...
...
||
III ...
..
IV ....

3,791.1
3,879.7
3,942.2
3,996.7

2,422.5
2,475.6
2,510.5
2,560.6

315.0
324.4
324.9
336.0

865.4
882.7
888.6
897.5

1985: 1 ...
...
II
II ...
I ..
IV ..
..

4,081.2
4.134.8
4,221.4
4,285.3

2,623.8
2,673.4
2,742.3
2,779.6

349.8
354.4
376.8
363.2

909.3
923.0
931.7
946.3

1966:1
II
HI
IV ....

770.5
780.0
793.6
807.1

472.0

68.9
66.3
68.8
69.1

204.3
208.0
211.0
211.7

198.7
202.8
206.6
211.2

130.5

477.1
486.4
492.0

1967: 1

lll'Z
IV ....

817.5
823.3
838.9
854.7

496.8
506.2
513.7
521.2

67.6
71.0
71.1
72.0

213.9
215.6
218.0
220.9

215.3
219.6
224.5
228.3

1968:1
II
Ill
IV ....

880.5
904.9
920.1
936.8

539.5
553.2
569.1
577.5

77.1
79.1
83.3
83.6

228.1
233.3
239.4
242.0

1969: 1
II
Ill
IV ....

960.0
974.1
993.6
1,001.0

588.8
599.4
609.2
621.1

85.5
85.9
86.1
86.2

1970: I
||
Ill
IV ....

1,013.9
1,029.5
1,047.8
1,051.3

632.4
642.7
655.2
662.1

1971: I
II
Ill
IV ....

1,096.8
1,117.7
1,137.3
1,149.8

681.6
695.8
708.2
724.5

1972: 1 ,.;...
II
HI
IV ....

1,190.2
1,224.4
1,247.8
1,286.8

741.9
759.9
778.1
802.9

1973:1
II
HI
IV ....

See footnotes it end of table.




1992

129.9
129.4
132.0

1162

1462

101.4
105.1
105.6

1082

105.7

332
332

532
55.3

36.9

382
38.9
40.9

6.8
10.4

9.7
8.1
13.9

8.0
6.6

-1.2

-.6
-1.3
-1.9

State
and
local

76.3

757.0

38.8

80.2
83.3

767.5
781.4
790.1

775.6
7852
798.6
812.5

39.4
39.0
39.5
41.7

190.8
191.9
195.6
200.3

105.1
105.0
107.0
109.1

85.6
87.0
88.6

802.5
816.5
828.5
845.0

822.8
828.4
844.7
860.4

206.6
210.4
213.6
217.7

112.4
113.1
114.2
115.5

872.4
891.0
912.1
9302

886.4
911.0
926.4
943.1

12.6
11.5

462

44.4
45.4
48.2
48.2
43.8
52.7
52.4
53.1

218.4
222.0
226.7
227.8

114.1
114.8
117.6
116.7

104.3

966.4
980.3
999.6
1,007.1

10.3

44.8
47.0

782

912
942
97.3
99.5

102.3

8.8
9.8
8.2

6.0
8.3
3.0

7.9
7.1
7.9
5.1

52
6.3
7.3
1.4

6.9
5.3
7.1
4.6

111.1

54.7
57.6
57.3
58.3

53.5
55.2
56.4
57.9

231.8
233.4
237.9
241.2

117.1
115.5
115.3
115.7

114.7
117.9
122.5
125.5

1,011.9
1,025.0
1,042.6
1,054.4

1,020.2
1,036.2
1,054.4
1,057.4

.8

59.5
59.5
62.4
56.0

58.7
63.3
65.5
61.9

245.1
248.7
251.1
254.6

116.2
116.8
117.3
117.8

128.8
131.9
133.8
136.8

1,084.3
1,106.3
1,126.9
1,150.0

1,1042
1,125.8
1,144.6
1,157.6

18.4

-3.8
-3.1
-6.0
-8.6
-8.3
-7.9
-7.1

63.5
63.1
66.2
72.1

722

2652
268.6
267.9
274.1

1252

71.4
74.1
79.2

127.3
123.1
124.7

140.0
141.3
144.7
149.4

1,185.6
1211.9
1,233.8
1,278.1

1,198.5
1,232.6
1,256.9
1,295.9

14.8
12.0
13.1

15.1

-4.4
-1.1

81.0
88.3
94.3

281.8
286.0
287.1
295.6

128.3
129.1
126.0
129.6

153.5
157.0
161.1
166.1

1,323.6
1,3517
1,379.8
1,405.6

1,348.3
1,381.1
1,405.4
1,446.7

16.7

15.0

103.4

85.4
89.5
91.1
98.7

-22

114.6
123.8
124.5
134.4

110.3
129.4
133.6
136.6

172.9
181.0
187.1
192.3

1,433.3
1,4662
1,504.9
1,526.8

1,463.7
1,499.1
1,527.2
1,560.3

13.1
16.6
11.6
12.9

138.0
131.8
133.7
141.7

124.9

1,572.0
1,609.7
1,670.3
1,723.5

-3.1
12.4
11.4
10.4

-2
4.6
8.7

3.2
4.7
4.3

201.8
204.6

122.1
128.7

215.9

1,572.1
1,612.5
1,657.1
1,706.1

-72

143.1
146.0
150.9
155.4

138.9
147.1
155.8
162.7

381.7
383.0
386.0
392.8

159.3
160.8
163.1
167.7

222.3
2222
222.9
225.0

1,751.3
1,776.1
1,811.3
1,869.4

14.9
23.0
32.0
22.3

-21.6
-21.7
-21.1
-30.3

154.8
161.3
161.8
157.1

176.4
183.0
182.9
187.4

403.9
414.6
4202
428.9

172.7
177.8
179.5
183.7

231.2
236.8
240.7
2452

121.1
130.5
135.8
139.1

28.1
26.9
26.4
27.4

-39.3
-23.3
-24.6
-17.3

164.0
185.6
190.5
204.5

203.3
208.8
215.1
221.8

435.8
453.9
464.4
477.5

186.3
192.5
196.1
202.9

2122

138.6
140.9
143.5

24.3
27.3
11.6

212.3

1412

4.3

-19.2
-23.4
-24.4
-29.0

210.7
219.7
232.9
251.5

229.8
243.1
257.3
280.5

483.3
499.3
513.4
532.3

130.3
129.8
133.6
141.9

219.7
209.1
215.1
221.6

134.5

8.4
-.3
-33.8

-37.2
-16.7
3.3

-4.1

-8.9

267.1
275.9
2825
290.3

304.3
292.6
279.2
2992

379.7
396.4
413.4
432.2

147.5
158.3
166.8
185.7

232.1
238.1
246.6
246.5

132.0
128.9
120.2
109.6

38.3
42.5
22.4

-17.0
-16.4
-10.2
-16.3

302.8
305.5
299.7
303.2

531.5
517.8
505.0
507.9

426.7
415.0
402.6
395.1

183.8
179.6
170.4

104.8
102.8
102.3
112.8

-20.4

-17.2

1662

242.9
235.4
2322
228.9

481.3
526.0
561.7
619.4

514.6
534.0
563.4
596.0

383.7
385.8
400.9
427.4

156.7
147.8
151.0
155.5

227.0
238.0
249.9
272.0

1,242.0
1,268.5
1,297.1
1,327.0

695.6

616.0
645.4
659.3
671.6

440.4
464.0
478.4
490.3

164.5
174.4
181.0

1,364.7
1,395.9
1,433.8
1,470.1

705.6

680.0
686.9
685.8
702.8

496.6
504.1
4982
508.9

706.3
7372

13.6

.1

150.5
153.0
154.7
159.7

7112

6.4
7.2
6.0
82

1.1
2.4
.9
.4

352.3
357.7
364.9
375.5

731.7
718.8

6.9
7.5

4.5

5.8

140.9
147.8

7162

52
2.8
7.8
7.8

9.6
5.7
7.4

2.0
4.6
52

1072
1092

1372

115.9
131.3

5.0
7.1
7.0

948.1
964.5
982.9
995.2

-1.9
-1.8
-1.3

133.7

1112

12.7

Final
sales of
domestic product

41.9
50.9
51.0
53.2

9.7

328.0
340.1

88.6
95.8

GDP

88.5
92.9
96.7
98.4

306.6

2112

GNP

uct

3182

2312

Percent change
from Drecedino
period

171.1
176.9
181.6

382

164.8

Federal

Final
sales of
domes-

16.3

6.9

9.4

-5.6
-9.1

42

7.9
72
4.5

7.9

9.9
6.6
12.3

4.0
10.3

8.4
7.7
8.4
13.0

9.2
7.4

8.8
8.6
7.7
8.1
9.5

8.1
9.6

11.0

3.5
10.0
15.7
12.7

12.4
10.7
11.5
12.4

1,783.3
1,814.8
1,847.8
1,898.5

14.8

11.0

11.4

13.5

1,919.4
1,982.1
2,031.3
2,082.5

1,955.5
2,0262
2,084.5
2,123.9

12.0
15.5
12.1

11.1
13.7
10.3
10.5

249.5
261.4
268.3
274.6

2,119.6
2,246.8
2,307.5
2,382.8

2,170.1
2,292.8
2,355.3
2,435.5

206.5
212.0
216.0
225.6

276.8
287.3
297.4
306.6

2,4402
2,495.0
2,581.2
2,646.1

2,491.1
2,552.7
2,629.9
2,687.8

553.4
569.5
574.5
593.8

236.3
247.8
248.5
261.1

317.1
321.7
3259
332.8

2,713.9
2,719.8
2,817.2
2,916.5

2,7612
2,756.2
2,819.0
2,941.7

11.3

19.8

15.1
14.9

319.7
322.0
309.9
319.4

616.9
628.5
634.4
653.7

271.3
282.8
285.4
296.9

345.6
345.7
348.9
356.8

3,001.9
3,060.8
3,1252
3,163.1

3,073.6
3,102.4
3,202.1
3,224.4

18.8

12.2

1152

2102

7.1
7.4

8.3
8.4
25.6
11.0
13.7

9.3
9.7
11.7

9.2
-.4
9.7

4.0
13.3

2.3

-3.8

-5.0

4.3
-38.1

-30.3
-29.7

292.3
2942
279.0
265.1

309.5
299.1
309.3
294.9

663.4
676.3
689.1
710.3

301.5
307.6
314.8
328.9

361.9
368.7
374.3
381.4

3,199.1
3,235.3
3,254.8
3,3372

3,210.0
3,267.1
3,288.4
3,327.3

-.9
6.8
3.5
5.0

130.9
148.2
162.6
168.5

•43.3

-24.6
-45.5
-65.2
-71.3

270.6
272.5
2782
286.7

295.3
318.0
343.4
358.0

719.4
731.5
750.0
741.9

334.5
343.8
355.5
344.0

384.8
387.7
394.5
397.9

3,394.3
3,477.2
3,565.0
3,6412

3,389.7
3,500.8
3,5962
3,699.5

7.7

175.6
181.4
180.8
181.3

79.5
70.7
72.4

1842

275.9
289.6
297.5
306.1

472

-94.3
-103.5
-103.1
-107.1

293.7
303.0
306.5
309.2

388.0
406.5
409.6
416.4

767.4
791.4
803.1
824.5

358.1
372.6
373.3
386.3

409.3
418.8
429.8
4382

3,711,6
3,808.9
3,869.8
3,949.5

3,822.7
3,911.9
3,974.5
4,025.0

193.5
194.1
191.0
194.6

303.1
310.0
3072
3T4.3

183.4
182.8
187.7
193.9

25.6
24.3
20.5
34.4

-91.4
-114.7
-1172
-133.6

305.9
303.9
297.0
305.3

397.3
418.6

843.1
864.8
890.0
902.1

3952
404.4
418.6
4222

448.0
460.4
471.4
479.9

4,055.6
4,110.5
4201.0
4,250.9

4,101.3
4,158.1
4,238.4
ttM

-8.0
-1.7
23.4

11.8

4142

438.9

13.5
11.3
11.9
14.5

5.9

5.8
8.2

7.3
26.3
11.2
13.7
10.0

9.3
14.6
10.4
10.7

.9

8.1
8.7
4.9
4.6
4.6
2.4
10.5

7.0
10.1
10.5

8.8
8.0

9.7
6.6
5.6

10.9

8.7
5.4
8.7
6.2

112
5.5
9.1
4.8

6.5
8.5

SURVEY OF CURRENT BUSINESS

August 2997

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates].
Personal consumption expenditures

Net exports1 .

Gross private domestic investment

Year and
quarter

GDP
Total

WonDurable durable
goods
goods

Services

Presidential
Total

fotol
Total

1986: 1
II
Ill
IV ....
1987:1 ,
II .. .
Ill
IV ....
1988: 1
II
Ill
IV ....
1989:1
II
Ill
IV ....
1990: 1
II
Ill
IV ....
1991: 1
II
Ill
IV ....

4,358.2
4,385.6
4,443.3
4,501.7

2,823.3
2,855.6
2,926.2
2,965.6
4,565.7 3,002.4
4,645.1 3,070.0
4,722.6 3,134.2
4,835.9 3,171.3
4,898.2 3,247.1
5,000.4 3,310.2
5,094.5 3,382.3
5,205.3 3,459.2

370.3
384.7
422.0
417.6
394.2
413.8
434.7
424.1
444.2
448.2
447.1
464.5

3,506.1
3,569.7
3,627.3
3,676.1
5,660.6 3,759.2
5,750.8 3,811.8
5,782.2 3,879.2
5,781.7 3,907.0
5,821.9 3,910.7
5,892.5 3,961.0
5,950.2 4,001.6
6,002.1 4,027.1

462.5
472.5
484.6
471.7

5,316.8
5,413.2
5,486.9
5,537.8

Structures

PDE

Residential

PRI

J956.1
949.4
955.6
967.8

1,496.9
1,521.5
1,548.7
1,580.2

752.1
729.7
699.4
708.9

707.0
710.9
712.6
721.1

502.4
492.6
488.6
495.6

190.9
173.9
168.3
170.1

311.5
318.7
320.3
325.5

204.5
218.3
224.1
225.6

45.1
18.8
-132
-12.2

992.9
1,010.4
1,020.7
1,031.9
1,045.4
1,067.8
1,094.0
1,117.1

1,615.2
1,645.8
1,678.9
1,715.3
1,757.5
1,794.2
1,841.2
1,877.6
1,911.4
1,937.6
1,969.1
2,014.5
2,045.3
2,104.1
2,149.8
2,171.0
2,193.5
2,228.6
2,256.3
2,290.7

729.6
732.3
734.0
792.8
756.5
767.3
776.5
795.5

705.3
719.3
732.0
735.1
744.3
760.9
766.8
780.3

:480.0

490.1
504.6
506.8

165.4
167.3
175.3.
:180.3

314.6 '..'' 225.3
3228 .229.2
227.4
329.3
228.4
326.5

24.3
13.0
2.0
57.7

515.9
529.4
533.2
543.7

177.4
182.5
181.9
183.3

338.5
346.9
351.3
360.4

228.4
231.4
233.6
236.6

829.0
836.0
832.0
819.9
822.7
835.0
804.7
736.3
723.5
716.4
744.1
760.7

790.1
794.2
808.1
797.5

188.3
188.0
196.4
196.6

364.7
374.0
382.5
374.3

813.9
794.0
791.2
767.5

201.9
202.4
203.5
195.4

379.3
369.2
376.7
375.1

237.2
2322
229.1
226.6
232.7
222.4
210.9
196.9

739.7
736.2
738.6
739.5

553.0
562.0
579.0
570.9
581.2
571.6
580.3
570.6
555.4
550.2
544.3
539.2

192.3
187.6
176.1
170.8

363.1
362.6
368.2
368.4

2,350.4
2,393.3
2,420.1
2,473.9

755.2
790.7
799.7
816.1

755.4
780.5
788.1
809.7

544.1
556.8
561.0
569.6

171.6
170.4
167.6
167.1

2,504.6
2,537.6
2,577.4
2,613.8
2,649.0
2,692.2
2,727.8
2,767.2

854.3
857.4
872.8
920.3
963.4
1,017.9
1,007.1
1,043.1

823.5
842.9
858.8
897.5
911.0
941.7
956.9
977.0

580.5
598.8
606.4
630.6
634.6
652.9
667.4
687.5

171.7
1752
177.8
180.7

493.3
477.6
473.2
461.9

1,132.3
1,159.6
1,173.6
1,189.8
1,220.7
1,2302
1,256.2
1,274.1

449.0
452.7
462.0
457.3

1,268.3
1,279.7
1,283.4
1,279.0

Net

12.2
6.4
9.7
15.2

-126.9
-128.8
-138.0
-132.3
-139.4
-144.7
-142.4
-142.0
-120.9
-103.3
-95.8
-104.2

38.8
41.8
23.9
22.4

Exoorts

Percent change
from preceding
period

Government*

Fixed investment
Total

Federal

State
and
. local

Rnal
sales of
domes-

GNP

GDP

uct

Final
sales of
domestic product

7.0
2.5
5.4
5.4

6.0
5.1
8.5
52

5.8
7.1
6.8
9.9

2.5
82
7.9
5.0

5.3
8;6
7.7
9.0

9.3
9.T
7.5
8.5

8.8
7.5
5.6
3.8

6.9
7.3
7.0
3.9

5,681.6
5,767.6
5,796.6
5,813.8

9.2
6.5
2.2
0

10.3
4.2
4.2
3.1

5,848.8
5,904,7
5,959.6
6,016.5

2.8
4.9
4.0
3.5

1.7
5.2
2.2
2.5

6,122.1
6,191.0
6260.1
6,376.6

6,138.3
6,2122
6,281.1
6,390.5

82
5.3
4.6
7.3

9.8
4.6
4.5
7.7

6,413.8
6,494.7
6,560.6
6,681.3

6,468.1
6,525.3
6,596.9
6,717.1

3.9
4.1
4.1
8.1

2.4
5.1
4.1
7.6

506.9
505.3
520.4
508.3

750.1
763.4
769.6
777.0
784.1
795.5
811.9
819.6

6,741.9 6,811.2
6,835.1 6,920.3
6,936.3 6,992.3
7,029.6 7,096.8

5.5
7.1
4.4
6.4

3.7
5.6
6.1
5.5

312.2
314.5
3205
335.4

439.1
443.4
458.5
467.7

909.7
929.1
955.7
959.5

418.6
43.L1
448.4
442.8

491.1 4,313.2
498.0 4,366.8
507.3 4,456.5
516.7 4,513.9

337.4
356.9
373.9
394.7

,476.9
501.6
516.4
536.7

447.9
454.9
456,5
463.4

525.3
532.6
540.4
550.4

421.1
442.1
4562
469.3

542.0
545.4
552.0
573.5

9732
987.4
996.8
1,013.8
1,015.5
1,026.2
1,031.5
1,054.8

456.3
454.6
453.5
465.0

559.1
571.6
578.1
589.9

-83.7
-81.2
-79.3
-77.5

492.6
512.8
509.7
522.1

576.3
594.0
589.0
599.7

1,065.3
1,088.7
1,107.0
1,119.4

465.5
476.5
484.9
482.0

599.9
612.1
622.1
637.4

8.8
41.0
13.6
^31.2

-74.3
-60.3
-78.5
-72.0

615.9
615.1
634.1
649.2

1,153.0
1,164.3
1,176.9
1210.4

496.4
500.1
501.2
516.7

184.3
185.9
194.3
200.3

-16.3
-19.8
5.5
21.3

-32.9
-12.3
-22.0
-14.8

541.6
554.8
555.5
577.3
577.4
602.7
602.6
624.4

610.3
615.0
624.5
639.3

1,220.6
1,227.4
1,226.5
1,229.2

525.6
528.2
520.9
515.5

cce c
DOO.O
5,651.8
6642 5,709.8
675.7 5,768.7
693.7 5,812.9
695.0 5,838.2
6992 5,9122
705.5 5,944.7
713.6 5,980.9

372.5
386.3
393.4
402.5

211.3
223.7
227.1
240.1

-.2
102
11.6
6.5

-8.9
-29.0
-37.6
-42.7

641.3
664.9
677.8
691.8

1,247.9
1,256.4
1270.7
1,280.0

521.8
523.2
532.0
535.0

726.1
7332
738.7
745.1

243.0
244.1
252.4
266.8

30.7
14.5
14.0
22.9

-46.6
-57.5
-72.1
-66.6

693.7
718.7
718.9
746.0

276.4
288.7
289.5
289.5

52.4
76.3
50.2
66.2

-76.6
-87.9
-103.4
-95.6

678.5
710.1
732.6
763.7

755.1
797.9
836.0
8592

1,271.5
1,2812
1285.3
1,295.5
1,291.0
1,300.8
1,332.3
1,328.0

521.3
517.8
515.7
518.5

175.4
185.2
186.8
190.7

406.9
423.6
428.6
449.9
459.3
467.7
480.6
496.8

632.4
635.9
6402
649.1
647.1
6612
646.8
679.4

4,376.6
4,3982
4,456.7
4,508.7

4,5732
4,655.6
4,731.4
4,844.9
4,886.0 4,914.2
4,993.9 5,013.5 .
5,084.8 5,105.3
-5,190.1 5,217.5
5,277.9 5,329.0
5,371.4 5,424.0
5,463.0 5,501.4
5,515.4 5,556.8
4,541.5
4,632.1
4,720.6
4,778.2

6,121.8 4,127.6
6,201.2 4,183.0
6,271.7 4,238.9
6,383.1 4,329.6
6,444.5 4,365.4
6,509.1 4,428.1
6,574.6 4,488.6
6,704.2 4,554.9
6,794.3 4,616.6
6,911.4 4,680.5
6,986.5 4,750.6
7,095.7 4,820.2

474.1
481.3
492.5
506.2

iv 7.

7,168.9
7,209.5
7,301.3
7,381.9

4,871.7
4,934.8
4,990.6
5,033.8

596.9
602.8
616.0
618.4

1,462.7 2,812.2
1,472.4 2,859.6
1,480.4 2,894.2
1,487.8 2,927.5

998.7
1,050.8
1,024.0
999.6
1 0288 1,009.4
1,049.1 1,024.6

710.9
722.5
725.4
733.1

197.7
201.1
202.8
200.7

513.2
521.4
5226
532.4

287.8
277.1
284.0
291.4

52.1
24.5
19.4
24.5

-98.3
-105.4
-80.4
-60.1

784.5
807.7
831.6
849.9

882.8
913.1
912.0
909.9

1,344.7
1,356.0
1,362.2
1,359.2

513.6
5112
512.9
500.6

831.1
844.8
849.3
858.6

7,116.8
7,185.0
7,281.8
7,357.4

7,175.1
7,220.6
7,298.3
7,388.5

42
2.3
5.2
4.5

5.1
3.9
5.5
4.2

1996: 1
II
Ill
IV ....

7,467.5
7,607.7
7,676.0
7,792.9

5,105.8
5,189.1
5,227.4
5,308.1

626.7
638.6
634.5
638.2

1,508.1
1,532.3
1,538.3
1,560.1

1,060.5
1,105.4
1,149.2
1,151.1

1,049.4
1,082.0
1,112.0
1,119.2

750.7
769.3
798.6
807.2

205.7
210.6
217.7
227.0

545.0
558.7
580.9
580.2

298.8
312.7
313.5
312.0

11.1
23.4
37.1
31.9

-83.0
-93.8
-114.0
-88.6

8502
865.0
863.7
904.6

9332
958.7
977.6
9932

1,3842
1,407.0
1,413.5
1,422.3

516.4
524.6
521.6
517.6

867.8
882.4
891.9
904.7

7,456.4 7,475.3
7,584.3 7,610.5
7,638.9 7,669.1
7,761.0 7,796.1

4.7
7.7
3.6
62

5.5
7.0
2.9
6.6

1992: I
II ,
Ill
IV ....
1993: 1
II

Ill
IV ....
1994: 1

II
III
IV ....

1995: 1

II

iii

1,303.1
1,308.4
1,326.3
1,349.5
506.4 1,354.4
5242 1,366.3
537.2 1,373.9
553.1 1,388.0
563.2 1,404.4
572.4 1,416.0
583.3 1,439.5
599.3 1,453.7

2,970.9
3,018.2
3,054.6
3,109.8

1. Net exports of goods and services.
2. Government consumption expenditures and gross investment.
GDP Gross domestic product




CBI Change in business inventories
GNP Gross national product
PDE Producers' durable equipment

SURVEY OF CURRENT BUSINESS

August 1997

Table 2A.—Real Gross Domestic Product
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter

-.

GDP

Personal
consumption expenditures

Gross private domestic in-

Exports and imports of
goods and services
Exports

Government'

Imports

790.9

593.9

92.4

35.6

46.3

105.4

1930
1931
1932
1933
1934

719.7
674.0
584.3
577.3
641.1

562.1
544.9
496.1
484.8
519.0

59.8
37.6

29.4

40.3

24.4
19.1

352
292

1162
1212

16.4
31.5

192

30.4
31.1

1936
1936
1937
1938
1939

698.4
790.0
831.5
801.2
866.5

550.9
606.9
629.7
619.5
654.0

58.0
75.5
94.0
61.3
79.5

22.6
23.7
29.9
29.6

40.7

312

36.9

1940
1941
1942
1943
1944

941.2
1,101.8
1,308.9
1,523.0
1,644.7

688.0
737.1
719.7
739.5
761.0

111.3
137.3

35.4
36.4
23.9
19.9
21.4

37.8
46.5

1946
1946
1947
1948
1949

1,626.7
1,447.7
1,430.7
1,491.0
1,479.8

808.4
907.9
9262
946.4
9722

68.8

176.8
169.9
216.0

1950
1951
1952
1953
1954

1,611.3
1,734.0
1,798.7
1,881.4
1,868.2

1955
1956
1957
1958
1959

1929

Residual

Percent change from preceding period

Final sales
of domestic
product

Gross domestic purchases

Final sales
to domestic
purchasers

797.8

807.4

814.6

796.8

736.8
691.5
600.8
594.3
658.0

7612

637.9
618.6
675.1

725.4
678.5
588.0
580.3
643.7

9.9

GNP

Final sales
of domestic
product

GDP

117.1
112.8
127.3

-18.9
-28.7
-25.5
-27.0

7432
700.0
6202
600.7
657.5

131.3
152.5
147.0
157.8
171.6

-23.7
-28.4
-23.8
-31.8
-32.9

699.0
790.8
825.0
812.7
872.8

722.7
815.5
854.5
815.7
882.1

723.6
816.4
848.0
827.5
888.7

701.4
792.4
835.0
804.9
870.3

1742

-29.9

53.3
55.7

288.0
692.0
1,0322
1,158.5

-156.6
-2572
-292.7

930.1
1,077.7
1,308.3
1,5442
1,667.5

954.3
1,125.9
1,3532
1,5902
1,715.9

943.0
1,101.3
1,353.0
1,612.9
1,740.1

9442
1,105.9
1,312.7
1,526.3
1,6482

59.3
49.1
46.6
54.4
52.5

1,012.0
349.0
290.3
310.3
345.8

-233.5

1632

30.3
66.0
75.4
59.4
58.8

1,654.6
1,424.7
1,4502
1,475.7
1,509.0

1,685.6
1,437.4
1,403.7
1,497.5
1,484.8

1,715.0
1,413.5
1,423.4
1,481.7
1,514.6

1,629.3
1,452.0
1,437.0
1,498.8
1,486.8

-11.0
-12
42
-.8

-.8
-13.9
1.8
1.8
2.3

1,034.1
1,0492
1,082.4
1,135.0
1,158.9

234.1
2352
210.6
220.4
209.9

51.4
63.1
60.1
56.1
58.9

62.0
64.5

344.6
468.6
5662
6052
562.6

9.1
-17.6
-60.4
-58.5
^9.1

1,595.4
1,705.5
1,797.5
1,886.9
1,890.9

1,638.9
1,750.5
1,827.0
1,923.9
1,902.8

1,622.9
1,721.6
1,825.9
1,929.8
1,9282

1,619.1
1,743.7
1,809.0
1,891.0
1,878.6

8.9
7.6
3.7
4.6
-.7

5.7
6.9
5.4
5.0
2

2,001.1
2,040.2
2,078.5
2,057.5
2,210.2

1242.6
1,2782
1,3082
1,318.8
1,394.6

261.9
257.9
246.1
224.5
271.7

65.1
75.9
82.5
71.2
71.9

81.8
88.4
92.1
96.5

541.3
542.8
566.8
585.3
618.5

-28.0
-26.2
-33.0
-45.8
-39.9

1,994.8
2,0382
2,089.4
2,072.6
2,206.9

2,039.2
2,071.5
2,105.6
2,1032
2,268.0

2,033.1
2,069.7
2,116.9
2,118.9
2,265.1

2,012.9
2,0532
2,092.4
2,0692
2,222.0

7.1
2.0
1.9
7.4

5.5
2.2
2.5
-.8
6.5

1960
1961
1962
1963
1964

2,262.9
2,314.3
2,454.8
2,559.4
2,708.4

1,432.6
1,461.5
1,533.8
1,596.6
1,692.3

270.5
267.6
302.1
321.6
348.3

86.8
88.3
93.0

100.0
113.3

617.2
647.2
686.0
701.9
715.9

-36.1
-43.0
-40.6
-38.0

2,2642
2,318.0
2,445.4
2,552.4
2,705.1

2,304.1
2,354.3
2,503.0
2,6042
2,745.9

2,305.7
2,3582
2,493.8
2,597.3
2,742.7

2,276.0
2,329.1
2,471.5
2,577.3
2,727.8

2.4
2.3
6.1
4.3
5.8

1965
1966
1967
1968
1969

2,881.1
3,069.2
3,147.2
3,293.9
3,393.6

1,799.1
1,902.0
1,958.6
2,0702
2,147.5

397.2
430.6
411.8
433.3
458.3

115.6
123.4
126.1
135.3
142.7

-25.4

202.5
214.0

737.6
804.6
865.6
892.4
887.5

-38.7
-34.8
-28.4

2,860.4
3,033.5
3,125.1
3,278.0
3,3772

2,932.1
3,134.0
3,221.1
3,382.7
3,485.6

2,9112
3,097.9
3,199.0
3,367.1
3,469.5

2,901.4
3,087.8
3,166.4
3,314.5
3,413.3

1970
1971
1972
1973
1974

3,397.6
3,510.0
3,702.3
3,916.3
3,891.2

2,197.8
2,279.5
2,415.9
2,532.6
2,514.7

426.1
474.9
531.8
595.5
546.5

158.1
172.0
209.6
229.8

223.1
235.0
261.0
272.6
265.3

866.8
851.0
854.1
848.4
862.9

-28.1
-19.6
-10.5
2.8
2.6

3,406.5
3,499.8
3,689.5
3,883.9
3,873.4

3,478.5
3,602.4
3,8062
3,989.3
3,928.6

3,488.3
3,592.6
3,793.8
3,956.8
3,910.8

1975
1976
1977
1978
1979

3,873.9
4,082.9
4,273.6
4,503.0
4,630.6

2,570.0
2,714.3
2,829.8
2,951.6
3,0202

446.6
537.4
622.1
693.4
709.7

2282
241.6
247.4
273.1
299.0

235.4
281.5
311.6
338.6
344.3

876.3
876.8
884.7
910.6
924.9

-11.8

3,906.4
4,061.7
4,240.8
4,464.4
4,614.4

3,875.9
4,124.6
4,345.7
4,574.9
4,674.6

1980
1981
1982
1983
1984

4,615.0
4,720.7
4,620.3
4,803.7
5,140.1

3,009.7
3,046.4
3,081.5
3,240.6
3,407.6

628.3
686.0
587.2
642.1
833.4

331.4
335.3
311.4
303.3
328.4

321.3
329.7
325.5
366.6
455.7

941.4
947.7
960.1
987.3
1,018.4

25.5
35.0

4,641.9
4,691.6
4,6512
4,821.2
5,061.6

1985
1986
1987
1988
1989

53235
5,487.7
5,649.5
5,865.2
6,062.0

3,566.5
3,708.7
3,822.3
3,972.7
4,064.6

823.8
811.8
821.5
8282
863.5

337.3
3622
402.0
465.8
5202

4852
526.1
5582
580.2
603.0

1,080.1
1,135.0
1,165.9
1,180.9
1,213.9

1990
1991
1992
1993
1994

6,136.3
6,079.4
6,244.4
6,389.6
6,610.7

4,132.2
4,105.8
4,219.8
4,343.6
4,486.0

815.0
738.1
790.4
863.6
975.7

564.4
599.9
639.4
658.2
712.4

626.3
6222
669.0
728.4
817.0

1995
1996

6,742.1
6,928.4

4,595.3
4,714.1

991.5
1,069.1

7912

890.1
971.5

..

9.9

72.1
41.9
52.2

21.4

1592

857.0

402
45.3

352

422

702
76.8
73.0

106.6
108.1
107.3
119.5
122.7
1292

143.0
1642
1762

-7.5

-505

718.5

Gross domestic purchases

Final sales
to domestic
purchasers

-6.6
-5.6
-112
-3.0

-9.0
-€.4

-6.8
-5.8

-8.7
-6.1

-13.3

-11.4

-13.1

-1.2
11.0

-3.1

-1.1
10.7

8.9
13.1

5.2
-3.6

9.5
6.3
13.1

4.3
-1.5

9.8
12.8

4.8
-4.5

GNP

-9.0
-6.5

-13.3
-1.3
10.9

9.1
7.2

9.0

12.8

13.0

5.4

3.9
-2.4

8.1

7.4

8.1

8.6

6.6

82

-3.6

7.4
6.1

17.1
18.8
16.3

8.0

8.0

18.0

202
17.5

7.9

8.5
17.1
18.7
16.3

16.8
22.9

192
7.9

8.0

-1.8

-1.4

-1.1

-14.7

-17.6
.7
4.1
22

-10.9

7.1
6.1
6.1
5.7
-2

8.9
7.7
3.7
4.5
-.7

72
1.6
1.6
-.1
7.8

5.6
1.8
2.3
.1
6.9

7.1
2.0
1.9

2.6
2.4
5.5
4.4
6.0

1.6
22
6.3
4.0
5.4

1.8
2.3
5.7
42
5.6

2.4
2.3
6.1
4.3
5.8

6.4
6.5
2.5
4.7
3.0

5.7
6.1
3.0
4.9
3.0

6.8
6.9
2.8
5.0
3.0

6.1
6.4
3.3
5.3
3.0

6.4
6.4
2.5
4.7
3.0

3,417.1
3,532.1
3,726.3
3,950.1
3,9302

.1
3.3
5.5
5.8
-.6

.9
2.7
5.4
5.3
-.3

-2
3.6
5.7
4.8

.5
3.0
5.6
4.3

.1
3.4
5.5
6.0
-.5

3,908.5
4,103.3
4,312.8
4,5362
4,6582

3,903.3
4,118.8
4,314.5
4,543.7
4,687.4

-.4
5.4
4.7
5.4
2.8

.9
4.0
4.4
5.3
3.4

-1.3

4,581.5
4,693.1
4,619.3
4,864.3
5,2762

4,607.8
4,664.0
4,649.7
4,881.6
5,197.7

4,670.8
4,769.9
4,662.0
4,844.8
5,178.0

-.3
2.3

-2.0

4.0
7.0

.6
1.1
-.9
3.7
5.0

-22
2.8

5,296.9
5,480.9
5,626.0
5,855.1
6,028.7

5,482.8
5,663.9
5,816.7
5,986.1
6,147.8

5,456.3
5,6572
5,793.4
5,976.1
6,114.5

5,346.7
5,5012
5,658.2
5,878.5
6,075.7

3.6
3.1
2.9
3.8
3.4

4.6
3.5
2.6
4.1
3.0

1,250.4
1,258.0
1,263.8
1,252.1
1,252.3

.6
-2
0
.5
1.3

6,126.7
6,082.6
6,237.4
6,368.9
6,5512

6,199.8
6,101.6
6,274.0
6,459.0
6,712.7

6,190.2
6,104.9
6267.0
6,438.3
6,6532

6,157.0
6,094.9
6,255.5
6,408.0
6,619.1

12
-.9
2.7
2.3
3.5

1.6
-.7
2.5
2.1
2.9

1,251.9
1,257.9

2.3
1.8

6,712.7
6,901.0

6,837.5
7,037.7

6,808.1
7,0102

6,748.7
6,932.0

2.0
2.8

2.5
2.8

-2.9
15.5
13.3
-7.7

-322
-272

-5.7

12
12.9
21.1

5.6
-3.0

8.0
1.0
-5.9
-4.0

-1.1

15.9
21.4
18.0

8.1

-1.0

-2.1

-2.3

6.7
-.8
10.4

6.8
4.4
5.3
-1.1

-1.5

6.4
5.4
5.3
22
2.4

-1.2

-.1
5.0
5.1
5.2
2.7
-1.1

5.3
8.5

1.2
-.3
5.0
6.5

3.9
3.3
2.7
2.9
2.7

5.0
3.7
2.4
32
2.3

-1.6

.8
-1.6

12
-1.4




4.3
-.8

-1.1

7.4

-.7
5.5
4.8
5.3
32
-.4
2.1
-2.3

3.9
6.9
3.3
2.9
2.9
3.9
3.4
1.3
-1.0

2.8
2.9
3.9

2.7
2.7
3.3

2.6
2.4
3.3

1.9
2.9

2.3
3.0

2.0
2.7

See footnotes at end of table.

NOTE: Users of this table are cautioned that for periods before
1982, comparisons across the chained (1992) dollar components of
GDP may be misleading. For example, during the years of World
War II, the residual column in this table, which is the difference between GDP and the sum of the most detailed component
series in this table, is very large. During these years, because
of spending associated with World War II, the share of GDP accounted for by government consumption expenditures and gross
investment doubled before returning to a more normal share; in
addition, the prices paid for goods and services throughout the
economy were tightly controlled and very different from postwar
levels.

-1.0

The large residuals illustrate the problems with calculating contributions to GDP or other aggregates from the chained (1992) dollar
values. NIPA table 8.2 provides accurate estimates of the contributions to changes in real GDP; it is published monthly in the SURVEY
OF CURRENT BUSINESS in the "BEA Current and Historical Data"
section and is available online from STAT-USA or on diskette from
BEA.
For a more detailed discussion of the use of chained dollars, including a method for closely approximating contributions to changes
in real GDP for longer periods, see "BEA'S Chain Indexes, Time Series, and Measures of Long-Term Economic Growth" in the May
SURVEY.

SURVEY OF CURRENT BUSINESS

August 1997 • 153

Table 2A,—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter

GDP

Personal
consumption expenditures

Gross private domestic investment

Exports and imports of
goods and services
Exports

Percent change from preceding period
Government1

Final sales
of domestic
product

Residual

Imports

Gross domestic purchases

1,432.0
1,447.0
1,460.7
1,461.1

13722
1,394.0
1,406.1
1,442.6

1 401 7
1,416.6
1,429.8
1,445.5

1 4086
1,430.9
1,443.7
1,464.8

1,465.6
1,473.8
1,475.3
1,488.0

1,470.4
1,502.1
1,506.6
1,510.8

1,461.5
1,481.4
1,484.3
1,499.7

1,494.1
1,513.3
1,512.1
1,516.5

1,479.8
1,473.8
1,495.5
1,490.3

1,541.2
1,5822
1,637.5
1,620.8

Final sales
to domestic
purchasers

GNP

Final sales
of domestic
product

Gross domestic purchases

Final sales
to domestic
purchasers

6.5
3.7
5.9

42
3.9
.1

6.5
3.5
10.8

4.3
3.8
4.5

6.5
3.6
6.0

1,481.6
1,501.8
1,504.9
1,506.8

4.5
5.4
.8
.5

1.3
2.2
.4
3.5

7.9
8.9
1.2
1.1

4.5
5.6
.8
4.2

4.7
5.5
.8
.5

1,494.0
1,513.7
1,517.4
1,533.4

1,487.6
1,481.3
1,497.6
1,480.7

-4.9
-1.6

1.6
5.2
-.3
1.2

-3.0
-1.6

1,557.6
1,607.0
1,680.7
1,710.3

1,560.9
1,604.9
1,674.3
1,651.5

1,544.8
1,591.5
1,652.7
1,687.2

18.4
12.6
15.9

6.7

19.3
13.3
19.7

1,721.1
1,742.2
1,768.6
1,770.0

1,692.7
1,691.5
1,738.4
1,763.8

1,7012
1,733.7
1,768.4
1,771.6

3.5
7.5
82
.6
4.3
-.1
2.8

1947- 1 ,
II
Ill
IV ....

1 402.5
1,424.6
1,437.5
1,458.1

912.1
928.5
931.9
932.1

1589
159.8
164.3
196.7

795

487

79.3
75.6
67.0

49.1
43.2
45.5

2880
291.0
293.5
288.8

1948: 1
II
HI
IV ....

1,474.3
1,493.9
1,497.0
1,498.9

936.2
946.2
947.8
955.4

212.8
221.8
220.5
209.0

63.8
57.7
59.0
56.9

51.5
53.7
56.7
55.8

294.4
307.7
313.0
326.1

1949: 1 ,
II ... .
Ill ...
..
IV ....

1,480.1
1,474.1
1,490.7
1,474.5

957.0
971.5
973.3
986.8

177.8
152.4
166.3
156.3

63.8
63.3
58.0
50.2

53.9
53.2
51.0
51.9

334.7
349.8
353.2
345.4

-9.7
-9.1
-12.3

1950: 1
II . .
Ill
IV ....

1,538.2
1,584.5
1,644,1
1,678.6

1,003.6
1,019.9
1,072.2
1,040.7

198.8
221.0
240.4
276.0

49.3
49.9
51.2
55.3

53.1
56.1
69.5
69.5

339.2
344.4
337.0
358.0

12.8
18.1

1951: 1
||
HI
IV ....

1,693.1
1,724.0
1,758.2
1,760.6

1,063.7
1,034.4
1,046.0
1,052.4

244.3
251.6
232.7
212.4

58.2
63.9
65.3
64.8

69.5
67.2
61.4
59.9

394.4
449.8
501.0
529.1

-8.5
-25.4
-38.2

1,665.1
1,674.0
1,728.4
1,754.5

1952: 1
II
HI
IV ....

1,779.2
1,778.8
1,790.9
1,846.0

1,055.5
1,075.8
1,081.0
1,117.3

216.6
196.8
207.3
221.7

68.0
60.5
55.8
56.2

66.9
66.5
70.5
76.7

547.0
566.1
571.7
579.8

-41.0
-63.9
-54.4
-52.3

1,770.3
1,799.3
1,782.6
1,837.9

1,792.5
1,802.2
1,825.4
1,887.9

1,783.5
1,823.2
1,817.2
1,879.9

1,789.5
1,789.3
1,8012
1,856.1

1953: 1
||
Ill
IV ....

1,882.6
1,897.3
1,887.4
1,858.2

1,131.1
1,139.1
1,137.7
1,132.1

227.4
227.3
222.1
204.8

55.2
55.6
57.8
55.9

75.1
78.8
78.5
74.6

599.5
613.3
606.2
601.8

-55.5
-59.2
-57.9
-61.8

1,878.5
1,895.0
1,891.7
1,882.3

1,924.5
1,943.2
1,929.7
1,898.4

1,920.6
1,941.1
1,934.3
1,923.3

1,892.4
1,907.7
1,896.5
1,867.3

1954: 1
II
Ill
IV ....

1,849.9
1,848.5
1,868.9
1,905.6

1,135.9
1,148.2
1,164.0
1,187.5

203.5
201.7
212.0
222.5

53.4
61.1
59.1
61.8

70.2
76.5
72.9

585.8
565.2
551.8
547.6

-58.5
-51.2
-45.8
-40.9

1,871.5
1,876.0
1,893.1
1,922.9

1,888.6
1,883.4
1,902.4
1,937.0

1,910.9
1,911.7
1,927.3
1,954.8

1955: 1
II
Hi
IV ....

1,959.6
1,994.4
2,020.1
2,030.5

1,212.6
1,236.7
1,252.3
1,268.6

246.5
263.0
266.4
271.7

64.1
62.6
66.7
67.0

76.9
81.4
82.9
85.9

546.9
542.1
544.5
531.8

-33.6
-28.6
-26.9
-22.7

1,959.2
1,986.6
2,014.9
2,018.6

1,993.1
2,035.3
2,057.6
2,070.9

1956: 1
II
Ill
IV ....

2,023.6
2,037.7
2,033.4
2,066.2

1,270.6
1,273.9
1,275.9
1,292.3

263.1
259.8
255.5
253.2

70.2
74.9
77.5
81.0

89.2
88.9
89.6
85.9

533.2
544.0
540.0
554.1

-24.3
-26.0
-25.9
-28.5

2,014.6
2,034.8
2,035.0
2,068.4

1957: 1

2,077.5
2,071.9
2,094.0
2,070.8

1,301.0
1,303.1
1,313.7
1,315.0

248.6
248.0
255.1
232.6

86.3
83.7
81.3
78.8

92.4
93.2
91.3
91.5

564.7
561.1
565.9
575.6

-30.7
-30.8
-30.7
-39.7

III
IV ....

2,012.6
2,024.7
2,072.3
2,120.6

1,296.7
1,307.1
1,327.7
1,343.9

214.1
208.4
226.8
248.9

70.8
71.0
71.5
71.6

92.5
96.5
95.6
101.3

568.9
584.5
587.9
599.9

1959: 1
II ...
Ill
IV ....

2,165.0
2223.3
2,221.4
2,231.0

1,369.9
1,391.7
1,407.2
1,409.5

260.4
285.4
265.3
275.6

686
70.1
75.8
72.9

102.4
108.0
109.4
106.7

1960: 1
||
Ill
IV ....

2,279.2
2,265.5
2,268.3
2,238.6

1,422.5
1,439.6
1,433.5
1,434.8

304.3
271.7
269.4
236.6

83.2
86.7
88.7
88.7

1961: 1

2,251.7
2 292.0
2,332.6
2,381.0

1,434.2
1,455.7
1,463.5
1,492.8

241.7
258.6
282.2
288.0

89.3
85.0

IV ....

2,422.6
2,448.0
2,471.9
2,476.7

1,508.4
1,526.7
1,539.6
1,560.6

305.2
301.9
306.5
295.0

1963: 1
II
Ill
IV ....

2,508.7
2,538.1
2,586.3
2,604.6

1,571.2
1,586.3
1,607.6
1,621.1

1964: 1
II .
Ill ..
IV ....

2,666.7
2,697.5
2,729.6
2,739.7

1965: 1
II
Ill
IV ....

127
15.1
15.4
19.0
18.6
14.2
13.4

7.3

.7

.4
5.4

2.0

GDP

4.6
-4.3

8.7

12.9

8.2
32

11.1
14.7
-4.0
11.4

2.1
13.6

6.2
3.7
6.7
-3.7
13.0

9.1
3.6
-.7

-2.1
-6.1

-2.0

1,859.9
1,858.4
1,879.0
1,917.1

-1.8

-2.3

-.3
4.5
8.1

.9
3.7
6.4

1,993.0
2,027.7
2,052.6
2,059.0

1,971.3
2,005.9
2,031.8
2,042.4

11.8

7.8
5.7
5.8
.7

2,062.9
2,070.7
2,063.8
2,088.8

2,054.1
2,068.0
2,065.6
2,091.2

2,037.0
2,050.9
2,047.1
2,078.0

-1.4

2,086.4
2,079.1
2,096.0
2,096.2

2,100.0
2,098.5
2,122.2
2,102.0

2,109.2
2,106.0
2,124.5
2,128.1

2,091.7
2,0872
2,108.6
2,082.2

•^5.4
^9.8
-46.0
-42.4

2,040.7
2,051.6
2,079.9
2,1182

2,054.0
2,069.9
2,117.2
2,171.8

2,083.0
2,097.6
2,125.2
2,169.8

2,024.5
2,036.7
2,083.8
2,131.9

610.2
621.1
624.2
618.5

-41.7
-37.0
-41.7
-38.8

2,165.5
2,204.2
2,232.6
2,225.3

2,222.0
2,285.0
2,277.0
2,288.0

2,222.9
2266.0
2,288.9
2,282.6

2,1762
2,234.5
2,233.5
2,243.9

110.5
111.2
107.8
102.7

605.5
613.6
621.6
627.9

-25.8
-34.9
-37.1
-46.7

2,248.5
2,268.4
2,265.1
2,274.7

2,327.7
2,309.8
2,307.1
2,271.9

2,296.5
2,313.1
2,304.1
2,309.1

2,291.6
2,278.2
2,281.6
2,252.7

90.1

102.3
103.6
110.4
113.1

635.6
641.2
648.0
663.9

-46.8
-44.9
-39.3
-40.7

2,277.7
2,301.1
2,320.4
2,372.8

2,284.2
2,332.1
2,375.3
2,425.3

2,311.0
2,341.6
2,363.1
2,417.2

89.5
95.4
95.2
91.9

116.5
119.0
120.5
122.0

674.8
682.4
691.4
695.4

-38.8
-39.4
-40.3
-44.2

2,400.3
2,440.7
2,462.0
2,478.7

2,471.8
2,492.5
2,518.7
2,529.1

313.1
316.2
327.4
329.7

92.1
100.6
101.3
106.0

119.1
122.0
125.0
124.7

691.1
694.5
713.3
708.6

-39.7
-37.5
-38.3
-36.1

2,492.4
2,533.8
2,578.0
2,605.3

1,653.6
1,683.1
1,713.9
1,718.6

346.1
344.2
349.1
353.9

111.7
110.8
114.2
116.6

124.5
127.4
130.8
1345

712.5
721.4
714.9
714.7

-32.7
-34.6
-31.7
-29.9

2,808.9
2,846.3
2,898.8
2,970.5

1,756.2
1,776.1
1,806.1
1,858.0

392.0
391.6
400.9
404.2

102.5
118.7
116.6
124.7

129.4
144.7
145.3
152.5

713.8
728.4
746.3
761.7

1966: 1
II ...
...
Ill
IV ....

3,042.4
3,055.5
3,076.5
3,102.4

1,885.6
1,890.9
1,912.4
1,919.1

436.1
429.8
426.7
429.8

123.1
122.2
123.0
125.1

156.3
160.2
169.3
171.1

1967: 1

3,127.2
3,129.5
3,154.2
3,178.0

1,931.2
1,957.5
1,967.1
1,978.5

415.7
399.3
411.5
420.6

127.0
125.6
124.4
127.3

173.6
172.4
174.8
184.0

II
III
IV ....

1958: 1

II

lll'Z
IV ....
1962: 1
||

Ill

II

II
I
IV ....

See footnotes at end of table.




886

722

7.3
5.3
2.1
2.8
-.8
6.6
2.2
-1.1

4.3
-4.4
-10.8

-.8
4.1
0
6.7
3.5
-1.4

3.3
0
-10.2

6.0
-1.4

7.2
2.5
5.0
6.2
.3

52
22
5.2

10.4

-.3
11.6

6.0
4.6
92

4.5
-4.4
18.5
12.7
16.3

8.6
3.4
7.9
8.3
.7
4.1
-.1
2.7

8.0
3.9

9.0
4.3

8.1
3.3

-2.7
-€.3

-1.4
-2.3

-2.3
-6.0

-2.0
-1.1

-2.6

-1.6

4.1
7.5
12.1

8.8
4.4
2.6
-1.5

1.5
-1.3

4.9

22
-.3
4.6
^3.8
-3.8
10.7

8.6

92
7.3
5.3

11.8
-1.4

-1.3

7.4
11.8
18.4
-5.3

-5.0
-1.7

14.4

2.1
5.6
7.6

-.3
1.7

5.4
1.0
4.3

-1.3
14.5

2.4
9.7
9.7
11.2

-1.5

GNP

3.1
9.5
9.6
1.9

12.8

2
3.3
5.8

-.3
4.5
8.4

8.0
72
5.0
1.3

11.8

-1.0

72
5.3
2.1
-1.1

2.7
-.5
5.1

2.8
-.8
6.2

3.5
-.6
3.6
.7

2.7
-.8
42

-32
2.8
5.4
8.7
102
8.0
4.1
-1.1

2.4
9.6
9.6
8.6
11.1

-.2
1.9

-6.1

4.2
3.6
-.6
1.7

2,266.8
2,306.3
2,347.1
2,395.9

2.4
7.4
7.3
8.6

.5
4.2
3.4
9.3

22
8.7
7.6
8.7

.3
5.4
3.7
9.5

2.5
7.1
7.3
8.6

2,449.3
2,485.4
2,508.9
2,531.5

2,437.4
2,464.4
2,488.4
2,495.9

7.2
4.3
4.0
.8

4.7
6.9
3.5
2.7

7.9
3.4
4.3
1.7

5.4
6.0
3.8
3.7

7.1
4.5
3.9
1.2

2,559.0
2,581.0
2,632.0
2,644.8

2,542.6
2,576.9
2,623.9
2,645.7

2,526.9
2,555.5
2,604.0
2,622.9

5.3
4.8
7.8
2.9

2.2
6.8
7.2
4.3

4.8
3.5
8.1
2.0

1.8
5.5
7.5
3.4

5.1
4.6
7.8
2.9

2,663.1
2,695.0
2,727.6
2,734.5

2,701.0
2,7362
2,767.9
2,778.4

2,697.5
2,733.8
2,766.1
2,773.3

2,686.8
2,716.8
2,749.5
2,758.1

9.9
4.7
4.8
1.5

9.2
4.9
4.9
1.0

8.8
5.3
4.7
1.5

8.1
5.5
4.8
1.0

10.1

-26.2
-23.8
-25.8
-25.6

2,777.2
2,826.7
2,879.8
2,957.8

2,862.3
2,894.3
2,9512
3,020.8

2,830.2
2,874.5
2,932.1
3,008.1

2,830.0
2,8682
2,918.9
2,988.6

10.5

6.4
7.3
7.7

12.6

8.5
6.4
8.3

10.8

5.4
7.6
10.3

11.3

776.3
799.9
812.5
829.5

-22.4
-27.1
-28.8
-30.0

3,008.8
3,023.1
3,047.2
3,054.8

3,099.9
3,117.9
3,146.5
3,171.9

3,065.8
3,065.0
3,116.9
3,123.7

3,061.1
3,074.2
3,094.7
3,121.4

10.0

7.1
1.9
3.2
1.0

10.9

2.3
3.7
3.3

7.9
2.5
42
.9

10.1

1.7
2.8
3.4

864.3
860.2
865.4
872.5

-37.4
-40.7
-39.4
-36.9

30856
3,119.0
3,134.2
3,161.5

3,197.2
3,200.4
3,229.2
3257.8

3,1552
3,190.0
3,209.3
3,241.5

3,145.9
3,147.7
3,174.4
3,197.5

32
.3
32
3.1

4.1
4.4
2.0
3.5

3.2
.4
3.6
3.6

4.1
4.5
2.4
4.1

3.2
2
3.4
2.9

8.9
-2.4

.5

7.1
-3.0

2.5
2.9

-4.9
-10.6

8.8
-2.3

-.5

-1.6

.6

-6.0

.9

-5.0

4.5
8.1
9.8

10.8

4.5
4.9
1.3
5.5
7.3
9.9
1.7
2.7
3.5

SURVEY OF CURRENT BUSINESS

154 • August 1997

Table 2A.—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter

GDP

Personal
consumption expenditures

Gross private domestic investment

Exports and imports of
goods and services
Exports

1968- 1 .
II
Ill
IV ....

3,236.2
3,292.1
3,316.1
3,331.2

2,025.1
2,056.4
2,095.1
2,104.4

425.2
442.9
430.1
434.9

130.3
132.5
140.7
137.6

1969: 1
II
Ill
IV ....

2,128.0
2,141.4
2,152.0
2,168.8
2,182.3
2,192.9
2,211.6
2,204.6

463.3
458.9
468.2
442.6

123.2
149.5
147.7
150.4

427.6
427.3
435.9
413.8

2,246.5
2,266.5
2,283.9
2,321.1

III
IV ....

3,381.9
3,390.2
3,409.7
3,392.6
3,386.5
3,391.6
3,423.0
3,389.4
3,481.4
3,500.9
3,523.8
3,533.8
3,604.7
3,687.9
3,726.2
3,790.4

1973: 1
II
Ill
IV ....

3,892.2
3,919.0
3,907.1
3,947.1

465.0
480.6
484.1
470.0
502.4
533.3
542.4
549.1
588.6
601.0
5830
609.2

1974: 1 ...
...
II
Ill .....
IV ....

3,908.1
3,922.6
3,880.0
3,854.1

1975: 1
II . ...
Ill ...
..
IV ....

3,800.9
3,835.2
3,907.0
3,952.5
4,044.6
4,072.2
4,088.5
4,126.4

1970: 1

II
III
IV ....

1971: 1
II .. .
Ill
IV ....
1972: 1

II

2,352.0
2,394.9
2,430.6
2,486.1
2,530.4
2,527.5
2,539.9
2,532.6

Imports

Government1

Residual

Final sales
of domestic
product

887.3
892.2
893.6
896.6

-37.0
-34.2
-^33.8
-34.5

32253
3,258.0
3,303.9
3,325.1

891.6
890.8
888.7
878.8

-35.9
-25.1
-24.5
-28.0

153.8
159.0
158.7
160.9

194.7
197.7
209.6
207.8
188.3
225.3
222.4
220.0
219.4
223.6
223.0
226.5

871.8
863.2
866.7
865.5

159.6
159.4
168.1
149.7

223.9
240.9
246.1
2292

167.4
164.8
172.4
183.5

200.3
209.0
210.3
218.8

Gross do- Final sales
mestic pur- to domestic
purchasers
chases
3,312.5
3,345.9
3,392.9
3,416.9

3,357.5
3,373.0
3,389.6
3,388.9

3,323.1
3,380.2
3,404.8
3,422.6
3,475.9
3,483.3
3,503.0
3,480.1

-29.6
-27.2
-26.9
-28.9

3,397.6
3,391.9
3,421.9
3,414.8

856.4
852.5
848.8
846.4

-22.2
-17.2
-15.0
-24.2

3,458.9
3,481.2
3,509.4
3,549.5

263.0
253.1
258.2
269.6
281.5
273.7
266.2
269.1

858.8
859.9
848.4
849.2

-12.9
-11.9
-9.4
-7.9

854.6
852.3
839.1
847.7

-.2
2.9
1.0
7.9

3,608.0
3,665.7
3,700.0
3,784.3
3,867.0
3,884.5
3,890.9
3,893.1

260.6
271.1
266.1
263.4

857.5
866.9
861.8
865.6
875.7
871.6
875.7
882.2

6.6
6.7
-3.4
.7

-12.4
-15.1
-11.0
-8.6

3,889.1
3,899.7
3,882.5
3,822.2
3,848.3
3,887.9
3,922.7
3,966.7

886.1
876.8
872.8
871.5

-6.1
-4.6
-5.8
-6.4

4,027.0
4,039.1
4,061.7
4,119.0

878.1
887.6
887.4
885.8
887.5
910.9
917.8
925.9
916.2
924.8
925.6
932.9
946.5
948.3
936.4
934.4
946.1
947.7
945.5
951.7
949.0
954.7
961.2
975.5
978.4
985.0
1,001.8
984.1

-6.8
2.7
9.3
-.6

4,161.4
4,228.4
4,270.0
4,303.3

-.7
13.8
17.4
21.4

4,306.0
4,474.6
4,511.6
4,565.4

19.3
20.4
22.7
22.1
25.8
23.8
23.3
29.3
39.5
31.4
38.7
30.5
12.4
13.9
3.6
-7.1

4,579.0
4,577.0
4,639.2
4,662.5
4,675.3
4,579.0
4,637.1
4,676.1
4,692.9
4,699.0
4,702.5
4,672.0
4,655.4
4,651.2
4,616.9
4,681.3

-5.9
-4.4
-3.4
2.0

4,719.4
4,785.3
4,860.7
4,919.5

8.3
4.1
5.8
2.6

8.3
7.0
2.9
2.1

9.1
4.1
5.7
2.9

7.6
7.1
3.0
1.8

3,451.5
3,466.3
3,483.1
3,476.9

62
1.0
2.3
-2.0

4.0
1.9
2.0
-.1

6.4
.9
2.3
-2.6

4.1
1.7
2.0
-.7

62
.9
2.2
-2.0

3,469.3
3,471.7
3,503.6
3,469.6

3,481.3
3,472.5
3,5032
3,496.3

3,406.0
3,411.9
3,442.9
3,407.4

-.7
.6
3.7
^3.9

1.0
-.7
3.6
-.8

-1.2
.3
3.7
-3.8

.5
-1.0
3.6
-.8

-.6
.7
3.7
-4.1

3,563.2
3,597.9
3,615.5
3,633.0
3,713.5
3,793.1
3,827.6
3,890.4

3,540.8
3,578.4
3,601.4
3,649.8

3,503.3
3,524.3
3,544.7
3,556.0

11.3
2.3
2.6
1.1

5.3
2.6
3.3
4.7

11.2
3.9
2.0
2.0

52
4.3
2.6
5.5

11.7
2.4
2.3
1.3

3,717.6
3,7712
3,801.6
3,884.7

8.3
9.6
42
7.1

6.8
6.5
3.8
9.4

9.2
8.9
3.7
6.7

7.6
5.9
3.3
9.0

8.3
9.4
4.4
7.0

3,985.0
3,994.6
3,972.6
4,005.1

3,959.9
3,960.0
3,956.6
3,950.7

3,627.9
3,710.7
3,7512
3,815.3
3,921.5
3,950.4
3,944.1
3,984.4

112
2.8
-1.2
42

9.0
1.8
.7
2

10.1
1.0
-22
3.3

8.0
0
-.3
-.6

11.6
3.0
-.6
4.1

3,944.7
3,958.1
3,924.9
3,886.9
3,801.5
3,826.1
3,915.7
3,960.3
4,073.8
4,112.4
4,133.4
4,178.9

3,925.6
3,935.1
3,927.6
3,854.7

-3.9
1.5
-4.3
-2.6

-.4
1.1
-1.8
-6.1

-5.9
1.4
-3.3
-3.8

-2.5
1.0
-.8
-72

-3.2
12
-4.6
-32

3,8492
3,879.0
3,931.4
3,974.6

3,952.4
3,964.3
3,917.6
3,886.1
3,827.3
3,861.8
3,936.1
3,987.9

-6.4
3.7
7.7
4.7

2.8
42
3.6
4.6

-8.5
2.6
9.7
4.6

-.6
3.1
5.5
4.5

-6.9
3.7
7.9
5.4

4,056.0
4,0792
4,106.5
4,171.6

4,078.8
4,107.9
4,124.8
4,163.7

9.7
2.8
1.6
3.8

62
1.2
2.3
5.8

12.0
3.8
2.1
4.5

8.4
2.3
2.7
6.5

9.4
2.9
1.6
3.8

4,251.7
4,330.6
4,392.2
4,408.2
4,4432
4,575.1
4,619.3
4,662.0
4,664.3
4,674.7
4,681.7
4,677.8
4,688.1
4,532.4
4,495.6
4,610.1
4,707.6
4,664.1
4,725.1
4,675.5
4,603.9
4,6122
4,626.8
4,6342

4,236.9
4,298.7
4,332.6
4,383.0
4,403.7
4,538.7
4,578.7
4,623.7

4,219.4
4,3022
4,3712
4,365.0

4.9
8.3
6.7
-.1

42
6.6
4.0
32

72
7.6
5.8
1.5

6.4
6.0
32
4.7

5.5
8.1
6.6
-.6

4,388.6
4,546.1
4,591.1
4,649.0
4,652.6
4,668.7
4,708.8
4,719.5
4,743.0
4,625.6
4,617.8
4,696.6
4,787.7
4,742.6
4,801.4
4,747.9
4,658.5
4,682.9
4,651.1
4,655.6

1.6
16.1
3.7
4.6

.3
16.6
3.4
4.9

32
12.4
3.9
3.7

1.9
12.8
3.6
4.0

22
152
4.0
5.1

2
.9
2.6
1.0
2.0
-9.3
-.4
8.1
7.7
-3.5
4.9
-4.9
-6.5
1.7
-2.0
.5

12
-2
5.5
2.0
1.1
-8.0
52
3.4
1.4
.5
.3
-2.6
-1.4
-.4
-2.9
5.7

2
.9
.6
-.3
.9
-12.6
-52
10.6
8.7
-3.6
5.3
-4.1

12
-.1
3.5
.7

.3
1.4
3.5
.9

0
-11.4
22
5.8
2.4
.4
.8
-1.8

2.0
-9.5
-.7
7.0

-€.0
.7
1.3
.6

-.9
-1.3
.3
5.8

-7.3
2.1
-2.7
.4

4,682.5
4,814.4
4,927.7
5,032.9
5,176.3
5267.3
5,310.1
5,351.4

4,738.3
4,835.9
4,939.1
5,013.0
5,083.7
5,1842
5,2252
5297.5

4,700.1
4,804.4
4,891.3
4,983.5

3.9
8.9
7.4
7.7

3.3
5.7
6.4
4.9

42
11.8
9.7
8.8

3.6
8.5
8.8
6.1

3.9
92
7.4
7.8

5,092.6
5,172.4
5,209.5
5,237.5

9.6
6.4
3.0
2.6

3.4
7.4
2.9
52

11.9
72
3.3
3.1

5.8
8.1
32
5.7

9.1
6.4
2.9
22

5,3932
5,447.3
5,524.6
5,566.2

5,367.8
5,424.6
5,5020
5,530.6

5,280.3
5,310.8
5,378.4
5,417.5

42
2.0
5.9
2.6

6.5
2.3
5.9
1.6

32
4.1
5.8
3.0

5.4
4.3
5.8
2.1

3.3
2.3
52
2.9

5,481.1
5,480.1
5,510.4
5,533.1
5,568.7
5,629.7
5,676.0
5,759.6
5,802.3
5357.5
5,889.4
5,964.9

5.1
.4
22
2.2

4.0
2.8
&2
2.1

4.1
1.8
2.6
1.4

3.0
4.1
5.6
1.3

4.8
-.1
22
1.7

2.6
4.1
3.6
6.0

-.8
5.4
4.6
12

22
3.9
2.8
5.8

-1.0
5.1
3.8
1.1

2.6
4.4
3.4
6.0

2.4
4.1
2.4
5.1

62
4.6
2.0
4.7

.5
2.6
2.6
5.3

4.0
3.1
22
4.9

3.0
3.9
22
52

431.2
419.9
462.4
472.8

226.4
236.4
225.0
231.1
230.5
220.9
224.7
236.7

2,674.2
2,697.9
2,724.4
2,760.8

519.7
540.5
539.9
549.6

235.9
238.1
244.7
247.7

2,794.3
2,810.3
2,836.9
2,877.6
2,893.1
2,954.6
2,968.2
2,990.6

577.7
622.7
652.8
635.3
650.5
691.0
710.7
721.4

1979: 1
II
Ill
IV ....

4,605.7
4,615.6
4,644.9
4,656.2

717.8
722.9
708.2
690.1

1980: 1
II ... .
Ill
IV ....

4,679.0
4,566.6
4,562.3
4,651.9
4,739.2
4,696.8
4,753.0
4,693.8
4,615.9
4,634.9
4,612.1
4,618.3

3,008.1
3,003.5
3,028.7
3,0402
3,037.2
2,968.8
2,998.5
3,034.2
3,045.6
3,045.8
3,058.8
3,035.3
3,054.0
3,062.1
3,080.1
3,129.7

605.8
601.6
593.7
547.6

243.8
250.1
252.2
243.6
249.5
275.5
278.3
289.1
288.9
289.7
299.7
317.8
327.7
333.9
332.8
331.1
336.7
338.9
331.4
334.1
320.4
322.8
308.2
294.3

310.8
313.3
309.1
313.4

1978: 1
II
Ill
IV ....

4,176.3
4,260.1
4,329.5
4,328.3
4,345.5
4,510.7
4,552.1
4,603.7

111 .!."

IV ....

4,663.0
4,763.6
4,849.0
4,939.2

3,156.5
3,220.0
3,267.1
3,318.6

563.9
617.7
661.4
725.3

298.9
299.8
304.3
310.2

328.8
354.5
382.2
401.0

1984: 1
II . ...
Ill
IV ....

5,053.6
5,132.9
5,170.3
5,203.7

3,354.0
3,397.5
3,418.4
3,460.6

812.2
835.6
850.8
834.9

317.5
325.7
332.0
338.3

994.1
1,016.6
1,022.5
1,040.4

8.8
8.7
9.1
5.6

1985: 1
II
HI
IV ....

5,257.3
5,283.7
5,359.6
5,393.6

3,511.2
3,540.8
3,602.1
3,612.1

816.6
821.1
816.0
841.8

338.7
337.3
332.0
341.4

433.0
4512
462.5
476.1
466.0
489.0
484.6
501.3

1,053.2
1,072.8
1,095.7
1,098.9

3.6
.7
-1.6
.7

4,961.0
5,050.0
5,085.6
5,149.9
5,231.7
5,261.0
5,336.9
5,358.0

1986: 1
II .
HI
IV ....

5,460.8
5,466.9
5,496.3
5,526.8

3,644.0
36830
3,742.8
3,764.8
3,765.7
3,814.0
3,852.9
3,856.5
3,924.2
3,952.2
3,985.1
4,029.1

855.3
824.0
781.3
786.7

351.3
355.9
364.1
377.5

501.0
523.0
538.1
542.3

1,108.3
1,129.6
1,154.5
1,147.7

2.9
-2.6
-8.3
-7.6

5,410.5
5,448.4
5,5182
5,546.6

5,621.9
5,646.7
56833
5,703.7

5,571.6
5628.3
5,705.3
5,723.6

808.6
807.1
806.3
864.0

377.7
393.5
411.1
425.7

5,535.6
5,608.4
5,671.5
5,688.3
5,7742
5,840.1
5,8692
5,937.0

5,734.8
5,789.8
5,8302
5,912.4

5,708.9
5,7802^
5,834.3
5,8502

448.8
461.4
469.4
483.5

1,153.4
1,162.8
1,165.9
1,181.5
1,172.5
1,177.0
1,176.1
1,198.1

-4.8
-5.7
-5.6
-.1

817.8
823.2
830.0
841.7

538.8
553.7
563.2
577.0
574.8
568.3
5800
597.8

5,919.0
5,956.7
5,995.4
6,073.4

5,908.0
5,952.8
5,986.0
6,057.6

1977: 1
II
Ill
IV ....

1981: 1
II .
Ill .....
IV ....
1982: 1
II
Ill
IV ....
1983: 1
II

1987: 1
II
Itl
IV ....

5,561.8
5,618.0
5,667.4
5,750.6
1988: \
5,785.3
II
5,844.0
Ill
5,878.7
5,952.8
IV ....
See footnotes at end of table.




689.6
614.5
570.7
638.3
699.8
662.4
704.5
677.1

334.4
335.1
340.3
344.7
344.6
345.7
340.0
346.9
347.8
322.7
299.4
315.4
328.5
329.4
325.9
334.9
325.7
320.2
334.7
321.7

-3.2
-1.5
-1.9
-1.8

GNP

7.5
7.1
3.0
1.8

565.5
561.0
530.3
529.2

1976: 1
II
Ill
IV ....

Final sales Gross do- Final sales
of domestic mestic pur- to domestic
product
chases
purchasers

GDP

3,256.2
3,312.5
3,337.3
3,352.2
3,402.8
3,410.3
3,428.5
3,411.4

2,512.7
2,522.7
2,532.4
2,490.9
2,513.2
2,556.3
2,591.8
2,618.7

237.3
218.4
236.6
249.3
265.2
276.5
287.5
296.8

Percent change from preceding period
GNP

4,637.5
4,636.0
4,675.7
4,683.8
4,684.1
4,544.3
4,569.1
4,633.6
4,661.6
4,665.9
4,674.7
4,653.7
4,642.8
4,628.1
4,631.3
4,696.8

8.0
-3.7
5.1
-4.4

SURVEY OF CURRENT BUSINESS

August 1997 •

155

Table 2A.—Real Gross Domestic Product—Continued
[Billions of chained (1992) dollars; quarterly data are seasonally adjusted at annual rates]
Year and
quarter

GDP

Personal
consumption expenditures

Gross private domestic investment

Exports and imports of
goods and services
Exports

Percent change from preceding period
Government1

Residual

Imports

Final sales
of domestic
product

Gross domestic purchases

Final sales
to domestic
purchasers

GDP

1989:1
II
Ill
IV ....

6,011.0
6,055.6
6,088.0
6,093.5

4,032.8
4,047.4
4,083.2
4,095.0

870.5
873.1
864.0
846.3

502.0
522.0
521.3
535.5

590.7
601.9
605.8
613.5

1,193.5
1,211.1
1,222.6
1,228.4

2.9
3.9
2.7
1.8

5,970.0
6,010.9
6,063.1
6,070.8

6,103.5
6,138.3
6,175.4
6,174.0

6,062.5
6,093.6
6,150.7
6,151.4

6,023.1
6,065.5
6,101.8
6,112.3

1990: 1

HI
IV ....

6,152.6
6,171.6
6,142.1
6,079.0

4,128.9
4,134.7
4.148.5
4,116.4

842.6
853.4
817.9
746.1

555.2
566.8
561.8
573.9

622.3
633.5
633.0
616.4

1,246.5
1,248.2
1,246.8
1,259.9

1.7
2.0
.1
-.9

6,144.6
6,127.5
6,126.6
6,108.1

6,221.3
6,240.0
6,215.4
6,122.3

6,213.5
6,196.0
6,199.9
6,151.4

6,172.8
6,188.0
6,155.7
6,111.3

1991:1
II
HI
IV ....

6,047.5
6,074.7
6,090.1
6,105.3

4,084.5
4,110.0
4,119.5
4,109.1

725.1
718.5
745.8
763.2

572.3
600.3
603.6
623.5

596.6
617.4
633.4
641.4

1,262.6
1,263.8
1,255.1
1,250.7

-.4
-.5
-.5
.2

6,065.4
6,095.9
6,085.4
6,083.8

6,071.7
6,091.6
6,120.0
6,123.0

6,089.6
6,112.9
6,115.3
6,101.6

6,074.3
6,086.4
6,099.2
6,119.5

1992: 1
II ....
Ill
IV ....

6,175.7
6,214.2
6,260.7
6,327.1

4,173.8
4,196.4
4,226.7
4,282.3

758.2
792.8
798.5
812.2

633.0
635.8
639.7
649.1

647.8
668.3
670.5
689.1

1,258.5
1,257.5
1,266.5
1,272.5

0
0
-.2
.1

6,175.8
6,203.8
6,249.5
6,320.7

6,190.3
6,246.9
6,291.7
6,367.0

6,190.5
6,236.3
6,280.5
6,360.7

1993: 1

Hi'
IV ....

6,327.9
6,359.9
6,393.5
6,476.9

4,286.8
4,322.8
4,366.6
4,398.0

845.5
846.1
858.6
904.0

647.2
660.1
646.3
679.1

701.9
722.7
729.4
759.7

1,250.1
1,253.1
1,250.5
1,254.7

.2
.5
.9
.8

6,297.3
6,344.9
6,379.3
6,453.8

6,382.3
6,422.0
6,475.6
6,556.2

1994: 1
II
Ill
IV ....

6,524.5
6,600.3
6,629.5
6,688.6

4,439.4
4,472.2
4,498.2
4,534.1

939.9
987.8
972.2
1,003.0

676.0
704.1
722.1
747.3

773.6
808.0
833.2
853.2

1,241.9
1,243.3
1,268.1
1,255.8

.9
.9
2.1
1.6

6,473.0
6,526.7
6,580.4
6,624.8

1995: 1
II
Ill
IV ....

6,703.7
6,708.8
6,759.2
6,796.5

4,551.3
4,583.5
4,612.9
4,633.5

1,005.8
977.5
982.0
1,000.8

760.4
777.4
802.4
824.6

873.9
890.3
895.4
900.7

1,257.7
1,257.3
1,255.0
1,237.7

2.4
3.4
2.3
.6

1996: 1
II
Ill
IV ....

6,826.4
6,926.0
6,943.8
7,017.4

4,669.4
4,712.2
4,718.2
4,756.4

1,012.2
1,059.2
1,100.3
1,104.8

828.2
847.4
851.4
901.1

929.0
960.0
990.2
1,006.6

1,243.2
1,265.1
1,261.5
1,261.8

2.4
2.1
2.6
-.1

II

II

1. Government consumption expenditures and gross investment.
NOTE.—The residual is the difference between GDP and the sum of the detailed components shown in this table.




Final sales
of domestic
product

GNP

4.0
3.0
2.2
.4
3.9
1.2
-1.9
-4.0
-2.1

Gross domestic purchases

Final sales
to domestic
purchasers

2.2
2.8
3.5
.5

2.0
2.3
2.4
-.1

0.3
2.1
3.8
0

5.0
-1.1

-.1

3.1
1.2

4.1
-1.1

.3

GNP

4.0
2.9
2.4
.7
4.0
1.0
-2.1

-1.2

-1.6
-5.9

-3.1

-2.9

-2.8

-3.3

-4.0

-2.4

1.8
1.0
1.0

2.0
-.7
-.1

1.3
1.9
.2

1.5
.2
-.9

.8
.8
1.3

6,192.0
6,225.2
6,270.3
6,334.6

4.7
2.5
3.0
4.3

6.2
1.8
3.0
4.6

4.5
3.7
2.9
4.9

6.0
3.0
2.9
5.2

4.8
2.2
2.9
4.2

6,351.7
6,407.0
6,461.4
6,533.1

6,351.3
6,375.9
6,415.3
6,489.7

.1
2.0
2.1
5.3

3.1
2.2
4.8

1.0
2.5
3.4
5.1

-.6
3.5
3.4
4.5

1.1
1.6
2.5
4.7

6,620.2
6,701.8
6,737.5
6,791.3

6,568.7
6,628.0
6,688.4
6,727.5

6,540.5
6,609.3
6,635.6
6,691.2

3.0
4.7
1.8
3.6

1.2
3.4
3.3
2.7

4.0
5.0
2.1
3.2

2.2
3.7
3.7
2.4

3.2
4.3
1.6
3.4

6,654.3
6,685.3
6,739.3
6,771.9

6,813.2
6,817.3
6,848.9
6,870.4

6,763.7
6,793.8
6,829.1
6,845.8

6,711.3
6,721.0
6,758.3
6,804.2

.9
.3
3.0
2.2

1.8
1.9
3.3
2.0

1.3
.2
1.9
1.3

2.2
1.8
2.1
1.0

1.2
.6
2.2
2.7

6,815.0
6,902.3
6,905.0
6,981.7

6,923.2
7,d33.6
7,075.3
7,118.4

6,911.8
7,009.9
7,036.4
7,082.7

6,834.7
6,930.1
6,940.2
7,023.1

1.8
6.0
1.0
4.3

2.6
5.2
.2
4.5

3.1
6.5
2.4
2.5

3.9
5.8
1.5
2.7

1.8
5.7
.6
4.9

GDP Gross domestic product
GNP Gross national product

-1.5

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