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D-2 • National Data

SURVEY OF CURRENT BUSINESS

December 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 November 26,1997 and include the "preliminary" estimates for the third quarter
of 1997.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly.
In most tables, the annual estimates are also shown. 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, and
the remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—were presented in the October 1997 SURVEY.
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 news release on gross domestic product (GDP) is available at the time of release, and the selected NIPA
tables are available later that day, on STAT-USASS Economic Bulletin Board and Internet services; for information,
call STAT-USA on 202-482-1986. In addition, the GDP news release is available the afternoon of the day of the
release, and the selected NIPA tables are available about two weeks later (when the SURVEY is sent to the printer),
on BEA'S Internet site <http://www.bea.doc.gov>.

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]

S easonalh/ adjuste d at anrlual rates

Seasonally adjusted at annual rates

1995

1996

1996

II
Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
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

Hi

IV

I

II

1996

1996

III

II

III

7,265.4 7,636.0 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3 8,128.8

Gross domestic product

1997

IV

I

II

III

6,742.1 6,928.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6 7,217.6

4,957.7 5,207.6 5,189.1 5,227.4 5,308.1 5,405.7 5,432.1 5,530.7

Personal consumption
expenditures

4,595.3 4,714.1 4,712.2 4,718.2 4,756,4 4,818.1 4,829.4 4,897.9

608.5 634.5 638.6 634.5 638.2 658.4 644.5 667.1
1,475.8 1,534.7 1,532.3 1,538.3 1,560.1 1,587.4 1,578.9 1,601.2
2,873.4 3,038.4 3,018.2 3,054.6 3,109.8 3,159.9 3,208.7 3,262.3

Durable goods
Nondurable goods
Services

583.6 611.1 614.8 611.9 617.1 637.8 629.0 655.9
1 4126 1 4323 1 431 6 1 4339 1 441 2 1 4578 1 4500 1 4659
25996 2671 0 26665 26728 26982 27239 27498 27775

1,038.2 1,116.5 1,105.4 1,149.2 1,151.1 1,193.6 1,242.0 1,249.8

Gross private domestic
investment

1,008.1 1,090.7 1,082.0 1,112.0 1,119.2 1,127.5 1,160.8 1,198.9
723.0 781.4 769.3 798.6 807.2 811.3 836.3 869.6
200.6 215.2 210.6 217.7 227.0 227.4 226.8 230.6
522.4
285.1

566.2
309.2

558.7
312.7

580.9
313.5

580.2
312.0

583.9
316.2

609.5
324.6

639.0
329.3

30.1

25.9

23.4

37.1

31.9

66.1

81.1

50.9

-86.0

-94.8

-93.8

-114.0

818.4
583.9
234.6
904.5
757.5
146.9

870.9
617.5
253.3
965.7
809.0
156.7

865.0
613.9
251.1
958.7
802.9
155.8

863.7
609.7
254.0
977.6
820.2
157.5

-88.6

-98.8

-*8.7 -110.2

904.6 922.2 960.3 965.9
640.5 656.2 690.0 691.6
264.2 266.0 270.3 274.3
993.2 1,021.0 1,049.0 1,076.1
834.6 855.8 880.1 904.5
158.6 165.2 168.9 171.6

1,355.5 1,406.7 1,407.0 1,413.5 1,422.3 1,433.1 1,449.0 1,458.6
509.6
344.6
165.0
846.0

520.0
352.8
167.3
886.7

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

526.1
350.6
175.5
923.0

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




1995

1997

525.8
352.2
173.6
932.7

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

991.5 1,069.1 1,059.2 1,100.3 1,104.8 1,149.2 1,197.1 1,205.5
962.1 1,0417 1,035.7 1,060.9 1,068.7 1,079.0 1,111.4 1,148.2
7065 771.7 759.7 789.3 8008 8089 8370 872.5
179.9 188.7 185.6 190.0 196.9 195.9 193.5 195.1
528.3
257.0

586.0
272.1

577.1
277.2

602.9
274.1

27.3

25.0

21.3

37.9

-98.8
791 2
5739
2180

890.1
749.2
141.2

606.7
271.1

616.6
273.3

649.3
278.2

685.3
280.8

329

637

776

495

-114.4 -112.6 -138.9 -105.6 -126.3 -136.6 -162.9
8570
628.4
2299
971.5
823.1
149.0

847.4
6192

2293
960.0
811.7
148.8

851.4 901 1 9227 9625 9727
6230 6662 6862 7258 7325
2294 2368 2389 2408 2442
990.2 1 0066 1 0489 1 099.11 1357
841.7 857.5 891.3 938.4 971.5
149.3 150.0 158.4 161.8 1656

1,251.9 1,257.9 1,265.1 1,261.5 1,261.8 1,260.5 1,270.1 1,273.6
4703
322.6
147.5
781.6

.6

4642
317.8
146.1
793.7
-1.6

4707
323.2
147.2
794.4
-.9

4657
319.4
146.0
795.9
-2.4

4596
313.6

4528
303.9
1485

4601
309.4
1502

4589

1457

802.3

807.7

810.1

814.7

-38

-29

-39

310.4
1482

-53

luct 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 ana 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.

December 1997

SURVEY OF CURRENT BUSINESS

National Data • D-3

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

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

[Billions of dollars]

[Billions of chained (1992) dollars]

Seasonally adjusted at annual rates
1995

1996

1996

II
Gross domestic product
Final sales of domestic
product
Change in business
inventories
Goods
Final sales .
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures
Addenda:
Motor vehicle output . . .
Gross domestic product less
motor vehicle output

III

Seasonally adjusted at annual rates
1995

1997

IV

I

II

7,235.3 7,610.2 7,584.3 7,638.9 7,761.0 7,867.4 7,953.2 8,078.0
30.1

25.9

23.4

37.1

31.9

66.1

81.1

50.9

2,667.9 2,785.2 2,782.7 2,797.8 2,826.9 2,904.6 2,936.0 2,956.4
2,637.8 2,759.3 2,759.3 2,760.7 2,795.0 2,838.4 2,854.9 2,905.6
30.1

25.9

23.4

37.1

31.9

66.1

50.9

81.1

1,163.0 1,228.9 1,232.9 1,249.5 1,232.4 1,279.8 1,322.1 1,327.4
1,133.9 1,212.0 1,214.8 1,216.3 1,233.5 1,248.0 1,275.3 1,306.5
29.1

16.9

18.1

33.3

-1.1

31.8

20.9

46.8

1,504.9 1,556.3 1,549.9 1,548.3 1,594.5 1,624.7 1,613.9 1,629.0
1,503.9 1,547.3 1,544.5 1,544.4 1,561.5 1,590.4 1,579.6 1,599.0
34.4
1.0
9.0
5.3
3.9
33.0
34.3
30.0
3,980.7 4,187.3 4,162.2 4,208.1 4,282.7 4,338.2 4,400.1 4,465.1
616.8 663.6 662.8 670.1 683.3 690.8 698.2 707.4

273.5

271.4

283.5

278.7

267.2

281.4

II

III

7,265,4 7,636.0 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3 8,128.8

286.2

270.4

6,991.9 7,364.7 7,324.2 7,397.3 7,525.8 7,652.2 7,764.0 7,842.6

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

1996

1996

Gross domestic product
Final sales of domestic
product
Change in business
inventories
Residua!
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories .„
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output

HI

1997

IV

I

II

III

6,742.1 6,928.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6 7,217.6
6,712.7 6,901.0 6,902.3 6,905.0 6,981.7 7,034.1 7,077.7 7,162.1
27.3

2.1

25.0

2.4

21.3

37.9

32.9

63.7

77.6

49.5

2.4

.9
2.8
3.8
6.0
4.3
2,574.2 2,662.6 2,658.8 2,673.1 2,704.1 2,769.3 2,796.7 2,819.6
2,545.0 2,635.5 2,635.5 2,634.0 2,668.4 2,699.6 2,711.8 2,763.0
27.3

25.0

21.3

37.9

32.9

63.7

77.6

49.5

1,152.3 1,222.1 1,227.3 1,244.0 1,228.5 1,277.0 1,327.5 1,342.0
1,124.3 1,205.8 1,210.0 1,211.4 1,230.1 1,245.8 1,281.4 1,321.7
17.0
31.3
-.9
27.3
15.9
29.9
43.8
19.6
1,423.4 1,443.7 1,435.1 1,433.5 1,477.9 1,496.1 1,476.2 1,485.1
1,421.9 1,433.2 1,429.3 1,426.5 1,442.6 1,458.3 1,437.5 1,450.1

9.1
6.6
33.8
-.2
4.3
33.8
33.8
29.9
3,614.7 3,686.6 3,684.9 3,689.0 3,723.9 3,743.9 3,774.4 3,805.4
555.0 582.2 584.9 585.0 592.9 595.1 595.7 599.8
-.9

-4.4

-4.4

-6.0

-5.0

-5.2

-7.0

-8.9

247.5

241.3

252.8

246.8

236.5

247.5

240.6

253.0

6,494.3 6,687.1 6,672.9 6,696.8 6,781.0 6,854.1 6,919.1 6,964.7

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.
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 Finai Sales to Domestic Purchasers

Table 1.6.—Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers

[Billions of dollars]

[Billions of chained (1992) dollars]

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

7,265.4 7,636.0 7,607.7 7,676.0 7,792.9 7,933.6 8,034.3 8,128.8
818.4

870.9

865.0

863.7

904.6

904.5

965.7

958.7

977.6

993.2 1,021.0 1,049.0 1,076.1

922.2

960.3

965.9

7,351.4 7,730.9 7,701.5 7,790.0 7,881.5 8,032.4 8,123.1 8,239.1
30.1

25.9

23.4

37.1

31.9

66.1

81.1

50.9

7,321.3 7,705.0 7,678.1 7,752.8 7,849.6 7,966.3 8,042.0 8,188.2

Gross domestic product...
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
inventories
Equals: Final sales to
domestic purchasers

6,742.1

6,928.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6 7,217.6

791.2

857.0

847.4

851.4

890.1

971.5

960.0

990.2 1,006.6 1,048.9 1,099.1 1,135.7

901.1

922.7

962.5

972.7

6,837.5 7,037 J 7,033.6 7,075.3 7,118.4 7,220.9 7,286.9 7,367.2
27.3

25.0

21.3

37.9

32.9

63.7

77.6

49.5

6,808.1 7,010.2 7,009.9 7,036.4 7,082.7 7,153.1 7,204.7 7,311.7

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.

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

Table 1.7.—Gross Domestic Product by Sector

Table 1.8.—Real Gross Domestic Product by Sector

[Billions of dollars]

[Billions of chained (1992) dollars]

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

7,265.4 7,636.0

7,607.7 7,676.0 7,792.9 7,933.6
6,666.5

6,074.7 6,401.0 6,377.7 6,434.2 6,543.1

8,034.3 8,128.8
6,755.0 6,836.2

6,001.36,311.6 6,289.2 6,341.7. 6,450.0 6,573.1 6,657.9 6,741.6
5,372.0 5,652.8 5,636.3 5,677.3 5,777.1 5;892.5 5,971.0 6,048.9
629.2 658.8 652.8 664.4 673.0
692.7
73.5

89.4

88.6

92.5

93.0

93.4

97.1

94.6

331.8

346.0

343.9

347.9

352.0

357.7

363.6

369.3

11.8

11.5

319.9

334.6

858.9

889.0
281.4
607.6

275.5
583.4

11.6

11.4

11.1

11.1

11.3

11.4

332.3
886.1

336.6

341.0

346.6

352.3

357.9

893.9
282.1
611.8

897.8

909.4
286.2
623.3

915.8
286.2

923.4

281.1
616.7

281.9
604.2

286.3
637.0

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
Businessr
Nonfarml
Nonfarm less housing
Farm
Households and institutions .,
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual

6,742.1 6,928.4 6,926.0 6,943.8 7,017.4 7,101.6 7,159.6 7,217.6
5,657.4 5,842.9 5,838.1 5,854.9 5,928.5 6,009.6 6,064.4 6,117.8
5,582.7 5,766.8 5,761.35,779.85,853.3 5,929.7 5,983.2 6,037.8
5,005.7 5,181.4 5,179.0 5,191.3 5,261.3 5,335.3 5,388.2 5,443.0
577.0 585.7 582.6 588.7 592.3 594.9 595.6 595.7
74.2

75.5

305.1

311.2

76.2

310.4

74.7

79.0

80.4

312.5

314.4

316.9

319.2

321.7

9.6
304.8

9.6
307.4

9.6
309.6

9.7
312.0

74.6

79.3

10.8

10.1

10.3

10.0

294.3

301.1

300.1

302.5

780.3
248.1
532.2

775.9
240.9
535.2

778.9
242.8
536.3

778.1
241.3
537.0

776.6

777.7

238.9
537.9

238.2
539.9

778.8
237.1
542.1

236.5
545.1

-1.5

-1.3

-1.6

-2.1

-2.7

-3.0

-3.7

-.2

781.2

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