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D-2 • National Data

SURVEY OF CURRENT BUSINESS

October 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 September 26,1997 and include the "final" estimates for the second quarter of
1997The 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. Most of the "annual only" NIPA tables were presented in the
August 1997 SURVEY OF CURRENT BUSINESS. Tables 8.20-8.26 were presented in the September 1997 SURVEY OF
CURRENT BUSINESS. The remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—are presented elsewhere
in this issue.
The selected NIPA tables are available on printouts or diskettes from BEA. To order NIPA subscription
products using Visa or MasterCard, call the BEA Order Desk at 1-800-704-0415 (outside the United States, (202)
606-9666). The selected NIPA tables are also available 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.

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

1996

I
Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
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

II

III

IV

I

4,957.7 5,207.6 5,105.8 5,189.1 5,227.4 5,308.1

5,432.1

608.5 634.5 626.7 638.6 634.5 638.2 658.4 644.5
1,475.8 1,534.7 1,508.1 1,532.3 1,538.3 1,560.1 1,587.4 1,578.9
2,873.4 3,038.4 2,970.9 3,018.2 3,054.6 3,109.8 3,159.9 3,208.7
1,038.2 1,116.5 1,060.5 1,105.4 1,149.2 1,151.1 1,193.6 1,242.0
1,008.1 1,090.7 1,049.4 1,082.0 1,112.0 1,119.2 1,127.5 1,160.8
723.0 781.4 750.7 769.3 798.6 807.2 811.3 836.3
200.6 215.2 205.7 210.6 217.7 227.0 227.4 226.8
522.4
285.1

566.2
309.2

545.0
298.8

558.7
312.7

580.9
313.5

580.2
312.0

583.9
316.2

609.5
324.6

30.1

25.9

11.1

23.4

37.1

31.9

66.1

81.1

-86.0

-94.8

-83.0

-93.8 -114.0

-88.6

-98.8

-48.7

818.4
583.9
234.6
904.5
757.5
146.9

870.9
617.5
253.3
965.7
809.0
156.7

850.2
606.1
244.1
933.2
778.4
154.8

865.0
613.9
251.1
958.7
802.9
155.8

904.6 922.2 960.3
640.5 656.2 690.0
264.2 266.0 270.3
993.2 1,021.0 1,049.0
834.6 855.8 880.1
158.6 165.2 168.9

863.7
609.7
254.0
977.6
820.2
157.5

1,355.5 1,406.7 1,384.2 1,407.0 1,413.5 1,422.3 1,433.1 1,449.0
509.6
344.6
165.0
846.0

520.0
352.8
167.3
886.7

516.4
348.4
168.0
867.8

524.6
357.3
167.3
88P.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

526.1
350.6
175.5
923.0

1996

1996

I

II

7,265.4 7,636.0 7,467.5 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3

NoiE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.




1995

1997

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

II

1997

III

IV

I

II

6,742.1 6,928.4 68264 6,926.0 6943.8 7,017.4 7,101.6 7,159.6
4,595.3 4,714.1 4,669.4 4,712.2 4,718.2 4,756.4 4,818.1 4,829.4
583.6 811.1 600.7 614.8 611.9 617.1 637.8 629.0
1,412.6 1,432.3 1,422.5 1,431.6 1,433.9 1,441.2 1,457.8 1,450.0
2,599.6 2,671.0 2,646.5 2,666.5 2,672.8 2,698.2 2,723.9 2,749.8
991.5 1,069.1 1,012.2 1,059.2 1,100.3 1,104.8 1,149.2 1,197.1
962.1 1,041.7 1,001.5 1,035.7 1,060.9 1,068.7 1,079.0 1,111.4
706.5 771.7 736.9 759.7 789.3 800.8 808.9 837.0
179.9 188.7 182.1 185.6 190.0 196.9 195.9 193.5
528.3
257.0

586.0
272.1

27.3

25.0

557.4
266.1

8.0

577.1
277.2

602.9
274.1

606.7
271.1

616.6
273.3

649.3
278.2

21.3

37.9

32.9

63.7

77.6

-98.8 -114.4 -100.8 -112.6 -138.9 -105.6 -126.3 -136.6
791.2
573.9
218.0
890.1
749.2
141.2

857.0
628.4
229.9
971.5
823.1
149.0

828.2
605.2
224.0
929.0
781.4
147.8

847.4
619.2
229.3
960.0
811.7
148.8

851.4 901.1 922.7 962.5
623.0 666.2 686.2 725.8
229.4 236.8 238.9 240.8
990.2 1,006.6 1,048.9 1,099.1
841.7 857.5 891.3 938.4
149.3 150.0 158.4 161.8

1,251.9 1,257.9 1,243.2 1,265.1 1,261.5 1,261.8 1,260.5 1,270.1
470.3
322.6
147.5
781.6

.6

464.2
317.8
146.1
793.7
-1.6

460.9
314.9
145.7
782.4

470.7
323.2
147.2
794.4

.1

-.9

465.7
319.4
146.0
795.9
-2.4

459.6
313.6
145.7
802.3

^.8

452.8
303.9
148.5
807.7

460.1
309.4
150.2
810.1

-2.9

-3.9

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.
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.

October 1997

National Data •

SURVEY OF CURRENT BUSINESS

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

Seasonally adjusted at annual rates

1995

1996

1996

I
Gross domestic product

II

1995

1997

III

IV

I

7,265.4 7,636.0 7,467.5 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3

Final sales of domestic
product
Change in business
inventories
Goods
Final sales
Change in business
inventories ..

7,235.3 7,610.2 7,456.4 7,584.3 7,638.9 7,761.0 7,867.4 7,953.2
30.1

25.9

11.1

23.4

37.1

31.9

66.1

81.1

2,667.9 2,785.2 2,733.2 2,782.7 2,797.8 2,826.9 2,904.6 2,936.0
2,637.8 2,759.3 2,722.1 2,759.3 2,760.7 2,795.0 2,838.4 2,854.9
30.1

25.9

11.1

23.4

37.1

31.9

66.1

81.1

1,163.0 1,228.9 1,200.6 1,232.9 1,249.5 1,232.4 1,279.8 1,322.1
1,133.9 1,212.0 1,183.4 1,214.8 1,216.3 1,233.5 1,248.0 1,275.3

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

29.1

16.9

17.2

18.1

33.3

-1.1

31.8

46.8

1,504.9 1,556.3 1,532.6 1,549.9 1,548.3 1,594.5 1,624.7 1,613.9
1,503.9 1,547.3 1,538.7 1,544.5 1,544.4 1,561.5 1,590.4 1,579.6
-6.2
34.4
1.0
9.0
5.3
3.9
34.3
33.0
3,980.7 4,187.3 4,096.2 4,162.2 4,208.1 4,282.7 4,338.2 4,400.1
616.8 663.6 638.1 662.8 670.1 683.3 690.8 698.2

273.5

271.4

256.1

283.5

278.7

267.2

281.4

270.4

6,991.9 7,364.7 7,211.5 7,324.2 7,397.3 7,525.8 7,652.2 7,764.0

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

1996

1996

I

II
Gross domestic product
Final sales of domestic
product
Change in business
inventories

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

1997

IV

III

II

I

6,742.1 6,928.4 6,826.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6
6,712.7 6,901.0 6,815.0 6,902.3 6,905.0 6,981.7 7,034.1 7,077.7
27.3

25.0

8.0

2.4

3.4

21.3

37.9

2.4

.9

32.9

2.8

63.7

77.6

4.3
2,574.2 2,662.6 2,614.6 2,658.8 2,673.1 2,704.1 2,769.3 2,796.7
2,545.0 2,635.5 2,604.1 2,635.5 2,634.0 2,668.4 2,699.6 2,711.8
2.1

Residual
Goods

II

3.8

32.9
63.7
21.3
37.9
77.6
27.3
8.0
25.0
1,152.3 1,222.1 1,188.7 1,227.3 1,244.0 1,228.5 1,277.0 1,327.5
1,124.3 1,205.8 1,171.9 1,210.0 1,211.4 1,230.1 1,245.8 1,281.4
17.0
31.3
-.9
29.9
43.8
16.3
27.3
15.9
1,423.4 1,443.7 1,428.4 1,435.1 1,433.5 1,477.9 1,496.1 1,476.2
1,421.9 1,433.2 1,434.5 1,429.3 1,426.5 1,442.6 1,458.3 1,437.5

4.3
33.8
6.6
33.8
33.8
-.2
-8.3
9.1
3,614.7 3,686.6 3,648.4 3,684.9 3,689.0 3,723.9 3,743.9 3,774.4
555.0 582.2 565.7 584.9 585.0 592.9 595.1 595.7
-.9

-4.4

-2.1

-4.4

-S.O

-5.0

-£.2

-7.0

247.5

241.3

229.0

252.8

246.8

236.5

247.5

240.6

6,494.3 6,687.1 6,597.5 6,672.9 6,696.8 6,781.0 6,854.1 6,919.1

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

7,265.4 7,636.0 7,467.5 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3

Less: Exports of goods and
services
..>
Plus: Imports of goods and
services
..>.

818.4

Equals: Gross domestic
purchases

870.9

850.2

865.0

863.7

904.6

904.5

965.7

933.2

958.7

977.6

993.2 1,021.0 1,049.0

922.2

960.3

7,351.4 7,730.9 7,550.5 7,701.5 7,790.0 7,881.5 8,032.4 8,123.1

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

30.1

25.9

11.1

23.4

37.1

31.9

66.1

81.1

7,321.3 7,705.0 7,539.5 7,678.1 7,752.8 7,849.6 7,966.3 8,042.0

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

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

6,742.1 6,928.4 6,826.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6
791.2

857.0

828.2

847.4

851.4

890.1

971.5

929.0

960.0

990.2 1,006.6 1,048.9 1,099.1

901.1

962.5

6,837.5 7,037.7 6,923.2 7,033.6 7,075.3 7,118.4 7,220.9 7,286.9
27.3

25.0

8.0

21.3

37.9

32.9

63.7

77.6

6,808.1 7,010.2 6,911.8 7,009.9 7,036.4 7,082.7 7,153.1 7,204.7

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

7,265.4 7,636.0 7,467.5 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3

Business*
Nonfarrn1
Nonfarm less housing
Housina
Farm
:
IVWWIIIJ}

6,074.7 6,401.0 6,249.0 6,377.7 6,434.2 6,543.1 6,666.5 6,755.0
6,001.36,311.66,165.6 6,289.2 6,341.7 6,450.0 6,573.1 6,657.9
5,372.0 5,652.8 5,520.5 5,636.3 5,677.3 5,777.1 5,892.5 5,971.0
629.2 658.8 645.1 652.8 664.4 673.0 680.6

.

73.5

Households and institutions ...
Private households {'..-.
Nonprofit institutions
General government2
Federal
State and local

922.7

l. ;
iL

....

89.4

83.4

88.6

92.5

93.0

93.4

97.1

331.8

346.0

340.3

343.9

347.9

352.0

357.7

363.6

11.8

319.9

11.5

11.8

11.6

11.4

11.1

11.1

11.3

334.6

328.5

332.3

336.6

341.0

352.3

878.3

886.1

897.8

346.6
909.4

281.4
607.6

280.5
597.8

281.9
604,2

281.1
616.7

286.2
623.3

858.9
275.5
583.4

282.1
611.8

915.8
286.2
629.6

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 3.7.




Gross domestic product
Business1
Nonfarm1
Nonfarm less housing
Housing
Farm

6,742.1 6,928.4 6,826.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6
5,657.4 5,842.9 5,750.2 5,838.1 5,854.9 5,928.5 6,009.6 6,064.4

5,582.7 5,766.8 5,673.0 5,761.3 5,779.8 5,853.3 5,929.7 5,983.2
5,005.7 5,181.4 5,093.9 5,179.0 5,191.35,261.35,335.35,388.2
577.0 585.7 579.3 582.6 588.7 592.3 594.9 595.6
74.2
76.2
74.7
75.5
74.6
79.0
80.4
76.6
Households and institutions ...
305.1 311.2 307.6 310.4
312.5 314.4 316.9 319.2
Private households
10.3
10.0
9.6
10.8
10.1
10.5
9.6
9.6
Nonprofit institutions
294.3 301.1 297.1 300.1 302.5 304.8 307.4 309.6
2
General government
780.3 775.9 769.9 778.9 778.1 776.6 777.7 778.8
Federal
State and local
Residual

248.1
532.2
-.2

240.9
535.2

240.5
529.6

242.8
536.3

241.3
537.0

-1.5

-1.1

-1.3

-1.6

238.9
537.9
-2.1

238.2
539.9
-2.7

237.1
542.1

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 3.8.
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.
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