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D-2

SURVEY OF CURRENT BUSINESS

National Data

September 1998

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 August 27,1998 and include the "preliminary" estimates for the second quarter
of 1998.
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 1998 SURVEY OF CURRENT BUSINESS; table 8.26 is presented on page 13 in this issue; and the remaining
"annual only" tables—tables 3.15-3.20 and 9.1-9.6—are scheduled to be published in the October 1998 SURVEY.
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-USA'S 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" a day or two later, on BEA'S Web site <www.bea.doc.gov>.
The "Selected NIPA Tables" are also 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).

1. National Product and Income.
Table 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
1996

1997

1997
I

Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurat
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

IV

II

1997

1997

7,661.6 8,110.9 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,435.2

Gross domestic product

1998
III

I

I

IV

I

6,994.8 7,269.8 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,494.9

5,215.7 5,493.7 5,402.4 5,438.8 5,540.3 5,593.2 5,676.5 5,770.6

Personal consumption
expenditures

4,752.4 4,913.5 4,853.4 4,872.7 4,947.0 4,981.0 5,055.1 5,127.3

643.3 673.0 668.9 659.9 681.2 682.2 705.1 719.9
1,539.2 1,600.6 1,589.7 1,588.2 1,611.3 1,613.2 1,633.1 1,654.0
3,033.2 3,220.1 3,143.9 3,190.7 3,247.9 3,297.8 3,338.2 3,396.8

Durable goods
Nondurable goods
Services

626.1 668.6 656.3 653.8 679.6 684.8 710.3 729.1
1,450.9 1,486.3 1,477.9 1,477.1 1,495.7 1,494.3 1,521.2 1,539.7
2,676.7 2,761.5 2,722.1 2,743.6 2,775.4 2,804.8 2,829.3 2,865.3

1,131.9 1,256.0 1,206.4 1,259.9 1,265.7 1,292.0 1,366.6 1,344.6

Gross private domestic
investment

1,084.1 1,206.4 1,156.6 1,211.3 1,215.8 1,241.9 1,321.8 1,306.8

1,099.8 1,188.6 1,146.7 1,176.4 1,211.1 1,220.1 1,271.1 1,304.4
787.9 860.7 827.1 850.5 882.3 882.8 921.3 941.4
216.9 240.2 236.2 234.3 243.8 246.4 245.0 245.6
571.0
311.8

620.5
327.9

591.0
319.5

616.2
325.9

638.5
328.8

636.4
337.4

676.3
349.8

695.8
363.0

32.1

67.4

59.7

83.5

54.6

71.9

95.5

40.2

-91.2

-93.4

-93.3

-S6.8

-94.7

-98.8 -123.7 -160.3

973.3 950.2
873.8 965.4 930.2 961.1 981.7
618.3 688.3 661.4 682.9 700.2 708.9 694.5 668.2
255.5 277.1 268.8 278.2 281.5 279.7 278.8 282.0
965.0 1,058.8 1,023.5 1,047.9 1,076.4 1,087.4 1,097.1 1,110.5
809.0 888.3 859.1 879.2 902.7 912.4 920.9 932.4
156.0 170.4 164.4 168.7 173.6 174.9 176.2 178.1

1,405.2 1,454.6 1,439.4 1,451.5 1,459.5 1,468.1 1,464.9 1,480.3
518.4
351.0
167.4
886.8

520.2
346.0
174.3
934.4

517.0
341.1
175.9
922.4

522.9
349.1
173.8
928.6

521.0
347.1
173.9
938.5

520.1
346.5
173.6
947.9

511.6
331.6
180.0
953.3

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




1996

1998

519.9
339.5
180.4
960.4

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.

1,050.6 1,138.0 1,096.0 1,127.0 1,159.3 1,169.5 1,224.9 1,263.5
776.6 859.4 820.9 848.2 882.2 886.2 931.9 959.9
189.7 203.2 202.5 199.3 205.2 205.7 203.1 202.3
589.8
275.9

660.9
282.8

621.0
278.4

653.8
282.5

682.6
282.3

686.4
287.9

738.8
298.5

770.2
309.0

30.0

63.2

56.3

79.0

51.0

66.5

91.4

39.1

-111.2 -136.1 -121.5 -131.6 -142.4 -149.0 -198.5 -246.3
860.0 970.0 929.4 963.6 988.1 998.8 991.9 972.9
629.4 726.5 691.4 719.1 740.6 754.9 748.5 725.6
231.8 247.0 240.7 247.5 251.1 248.6 247.8 250.0
971.2 1,106.1 1,050.9 1,095.2 1,130.5 1,147.8 1,190.4 1,219.2
824.7 945.7 896.8 937.4 966.7 981.8 1,021.0 1,049.5
147.3 161.8 155.3 159.2 165.2 167.5 171.3 172.1

1,268.2 1,285.0 1,277.7 1,284.4 1,288.9 1,289.2 1,283.0 1,294.6
465.6
319.1
146.2
802.7

458.0
308.9
148.6
827.1

456.3
305.0
150.7
821.5

460.4
311.7
148.2
824.2

458.9
310.2
148.2
830.1

456.5
308.7
147.3
832.9

446.1
293.3
151.9
837.1

453.4
300.1
152.5
841.4

-1.5

-7.3

-5.0

-6.7

-5.9

-8.9

-14.2

-7.8

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. 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.
Chain-type quantity indexes for the series in this table appear in table 7.1.

D-3

National Data

SURVEY OF CURRENT BUSINESS

September 1998

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

Table 1 A—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
1996

1997

7,661.6

8,110.9

1996

1998

1997

I
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

IV

7,955.0

8,063.4 8,170.8 8,254.5 8,384.2 8,435.2

III

7,629.5 8,043.5 7,895.2 7,979.9 8,116.2 8,182.6 8,288.7 8,395.1
67.4
32.1
59.7
2,812.4 2,978.5 2,927.7
2,780.3 2,911.1 2,868.0

54.6 71.9 95.5 40.2
83.5
2,967.0 2,998.9 3,020.5 3,101.3 3,060.5
2,883.6 2,944.3 2,948.7 3,005.8 3,020.4

40.2
95.5
71.9
54.6
59.7
67.4
32.1
83.5
1,249.5 1,343.8 1,307.4 1,342.5 1,357.0 1,368.2 1,426.9 1,382.2
1,228.7 1,310.1 1,275.5 1,293.6 1,337.1 1,334.3 1,376.9 1,378.5
3.7
49.9
34.0
19.9
48.8
20.8
33.S .- 31.8
1,562.9 1,634.8 1,620.3 1,624.5 1,641.8 1,652.3 1,674.4 1,678.3
1,551.6 1,601.0 1,592.4 1,589.9 1,607.2 1,614.4 1,628.8 1,641.8
11.4
36.5
45.6
37.9
34.7
34.6
27.9
33.8
4,179.5 4,414.1 4,320.2 4,386.9 4,448.0 4,501.2 4,538.4 4,618.2
669.7 718.3 707.1 709.4 723.9 732.7 744.6 756.5

277.1 293.7 287.9
7,384.4 7,817.2

1997

1997

7,667.0

280.7

299.7

306.4

289.8

300.3

7,782.7 7,871.0 7,948.1 8,083.9 8,145.4

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

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

6,994.8 7,269.8 7,166.7
6,961.6

IV

7,236.5 7,311.2 7,364.6 7,464.7

7,494.9

7,203.7 7,108.1 7,155.5 7,256.3 7,294.8 7,372.5 7,451.9

51.0
63.2
30.0
66.5 91.4 39.1
79.0
56.3
3.2
3.3
2.0
2.3
2.9
3.9
.8
3.9
2,708.8 2,867.9 2,811.6 2.852.6 2,890.2 2,917.0 3,000.8 2,965.9
2,675.6 2,799.7 2,751.4 2.768.7 2,834.0 2,844.8 2,904.3 2,923.0
91.4
63.2
66.5
51.0
79.0
56.3
30.0
39.1
1,247.7 1,364.8 1,310.3 1,359.4 1,384.8 1,404.8 1,470.3 1,433.7
1,227.7 1,331.9 1,279.2 1,311.2 1,365.8 1,371.4 1,420.4 1,431.5
32.2
18.7
29.8
47.3
45.8
31.6
19.5
3.4
1,464.2 1,509.6 1,505.6 1,499.7 1,512.7 1,520.4 1,541.6 1,541.0
1,451.5 1,475.1 1,476.9 1,463.9 1,477.1 1,482.4 1,495.2 1,503.1

10.5 31.5 26.4 33.2 32.3 34.2 44.1 35.9
3,701.7 3,798.7 3,752.3 3,784.9 3,816.4 3,841.1 3,854.8 3,906.5
588.5 612.5 610.3 607.9 614.6 617.2 625.2 632.7
-4.6 -11.5 -8.2 -10.4 -13.7 -13.9 -22.3 -18.2
246.3 260.8

253.8

249.6

265.1

274.7

268.5

261.2

6,748.4 7,008.8 6,912.8 6,986.8 7,046.0 7,089.7 7,195.9 7,233.4

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
Chain-type quantity indexes for the series in this table appear in table 7.17.

Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers

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

[Billions of dollars]

[Billions of chained (1992) dollars]

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

7,661.6 8,110.9 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,435.2

373.8
965.0

965.4

930.2

961.1

981.7

988.6

973.3

950.2

1,058.8 1,023.5 1,047.9 1,076.4 1,087.4 1,097.1 1,110.5

7,752.8 8,204.3 8,048.2 8,150.2 8,265.5 8,353.3 8,508.0 8,595.5
59.7

83.5

7,720.7 8,136.9 7,988.5

8,066.7

32.1

67.4

54.6

71.9

95.5

40.2

8,210.9 8,281.4 8,412.5 8,555.4

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

6,994.8 7,269.8 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,494.9
860.0

970.0

929.4

963.6

988.1

998.8

991.9

972.9

971.2 1,106.1 1,050.9 1,095.2 1,130.5 1,147.8 1,190.4 1,219.2
7,101.1
30.0

7,396.5 7,281.3 7,359.4 7,443.1
63.2

7,068.0 7,330.2

7,502.1

7,644.9

7,715.7

66.5

91.4

39.1

7,222.6 7,278.3 7,388.01 7,432.1 7,552.2

7,672.7

56.3

79.0

51.0

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.
Chain-type quantity indexes for the series in this table appear in table 7.2.

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]
7,661.6 8,110.9 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,435.2
Gross domestic product
Businessl
6,432.9 6,836.5 6,695.4 6,792.9 6,890.9 6,967.0 7,083.1 7,120.8
Nonfarml
6,341.3 6,746.3 6,605.0 6,700.6 6,799.7 6,880.0 6,999.3 7,037.7
5,679.2 6,047.2 5,917.0 6,004.4 6,096.8 6,170.6 6,285.4 6,311.4
Nonfarm less housing
662.1 699.1 688.0 696.2 702.9 709.4 713.9 726.4
Housing
92.2
Farm
87.0
90.2
91.2
83.8
83.1
91.6
90.4
Households and institutions ...
345.0 361.4 355.4 359.8 363.5 366.9 371.1 378.0
12.0
Private households
11.9
12.0
12.0
12.0
12.0
11.8
12.0
333.1 349.4 343.4 347.8 351.5 355.0 359.2 366.0
Nonprofit institutions
2
883.6
936.4
General government
912.9 904.2 910.7 916.3 920.5 930.1
279.2
281.2
Federal
281.3 282.9 282.4 281.0 278.8 282.1
604.4
655.2
State and local
631.7 621.3 628.3 635.3 641.7 648.0
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross 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
Businessl

Nonfarm

l

Nonfarm less housing
Housing
Farm
f
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residua!

6,994.8 7,269.8 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,494.9

5,903.5 6,164.9 6,067.9 6,133.3 6,203.0 6,255.6 6,352.3 6,378.6
5,824.3 6,074.3 5,979.7 6,042.3 6,109.2 6,165.8 6,260.4 6,288.0
5,236.0 5,470.5 5,379.2 5,438.9 5,504.4 5,559.6 5,655.9 5,678.0
588.7 604.5 601.0 604.0 605.6 607.3 606.2 611.5
78.6
311.8
10.5
301.3
781.2
240.7
540.8
-1.8

90.3
321.5
10.2
311.3
786.2
235.4
551.3
-3.7

87.9
317.5
10.4
307.2
783.7
237.4
546.8
-3.2

90.7
320.2
10.3
310.0
785.7
236.3
549.9

-3.6

93.7
323.1
10.2
313.0
788.1
235.5
553.2
-4.4

88.8
325.1
10.0
315.1
787.3
232.5
555.5
-4.2

91.1
326.7
9.8
316.9
789.6
232.4
557.9
-5.5

89.5
327.8
9.9
318.0

792.4
231.9
561.2
-5.1

1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross 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.
Chain-type quantity indexes for the series in this table appear in table 7.14.

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