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D-2

National Data

SURVEY OF CURRENT BUSINESS

October 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 September 24,1998 and include the "final" 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 in the September 1998 SURVEY; and the
remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—are presented in this issue.
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

IV

I
Gross domestic product
Personal consumption
expenditures
Durable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers1 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

1997

1998
IV

I

7,661.6 8,110.9 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,440.6

Gross domestic product

I

6,994.8 7,269.8 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,498.6

5,215.7 5,493.7 5,402.4 5,438.8 5,540.3 5,593.2 5,676.5 5,773.7

Personal consumption
expenditures

4,752.4 4,913.5 4,853.4 4,872.7 4,947.0 4,981.0 5,055.1 5,130.2

643.3 673.0 668.9 659.9 681.2 682.2 705.1 720.1
1,539.2 1,600.6 1,589.7 1,588.2 1,611.3 1,613.2 1,633.1 1,655.2
3,033.2 3,220.1 3,143.9 3,190.7 3,247.9 3,297.8 3,338.2 3,398.4

Durable goods
Nondurable goods
Services

626.1 668.6 656.3 653.8 679.6 684.8 710.3 729.4
1,450.9 1,486.3 1,477.9 1,477.1 1,495.7 1,494.3 1,521.2 1,540.9
2,676.7 2,761.5 2,722.1 2,743.6 2,775.4 2,804.8 2,829.3 2,866.8

1,131.9 1,256.0 1,206.4 1,259.9 1,265.7 1,292.0 1,366.6 1,345.0

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 1,306.5

1,099.8 1,188.6 1,146.7 1,176.4 1,211.1 1,220.1 1,271.1 1,305.8
787.9 860.7 827.1 850.5 882.3 882.8 921.3 941.9
216.9 240.2 236.2 234.3 243.8 246.4 245.0 245.4
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

696.6
363.8

32.1

67.4

59.7

83.5

54.6

71.9

95.5

39.2

-91.2

-93.4

-93.3

-86.8

-94.7

1,405.2 1,454.6 1,439.4 1,451.5 1,459.5 1,468.1 1,464.9 1,481.2
518.4
351.0
167.4

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

Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories

520.1
346.5
173.6
947.9

511.6
331.6
180.0
953.3

520.7
339.8
180.9
960.4

1,050.6 1,138.0 1,096.0 1,127.0 1,159.3 1,169.5 1,224.9 1,264.1
776.6 859.4 820.9 848.2 882.2 886.2 931.9 960.4
189.7 203.2 202.5 199.3 205.2 205.7 203.1 201.9
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

771.3
309.1

30.0

63.2

56.3

79.0

51.0

66.5

91.4

38.2

-111.2 -136.1 -121.5 -131.6 -142.4 -149.0 -198.5 -245.2

-98.8 -123.7 -159.3

873.8 965.4 930.2 961.1 981.7 988.6 973.3 949.6
618.3 688.3 661.4 682.9 700.2 708.9 694.5 668.8
255.5 277.1 268.8 278.2 281.5 279.7 278.8 280.8
965.0 1,058.8 1,023.5 1,047.9 1,076.4 1,087.4 1,097.1 1,108.9
809.0 888.3 859.1 879.2 902.7 912.4 920.9 931.8
156.0 170.4 164.4 168.7 173.6 174.9 176.2 177.1

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




1996

1998

1997

Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual.

860.0 970.0 929.4 963.6 988.1 998.8 991.9 972.1
629.4 726.5 691.4 719.1 740.6 754.9 748.5 726.3
231.8 247.0 240.7 247.5 251.1 248.6 247.8 248.8
971.2 1,106.1 1,050.9 1,095.2 1,130.5 1,147.8 1,190.4 1,217.3
824.7 945.7 896.8 937.4 966.7 981.1" 1,021.0 1,048.8
147.3 161.8 155.3 159.2 165.2 167.5 171.3 171.0

1,268.2 1,285.0 1,277.7 1,284.4 1,288.9 1,289.2 1,283.0 1,294.8
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

-1.5

-7.3

-5.0

-6.7

-5.9

456.5
308.7
147.3
832.9

446.1
293.3
151.9
837.1

454.1
300.3
152.9
840.9

-14.2

-8.4

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 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.

SURVEY OF CURRENT BUSINESS

October 1998

D-3

National Data

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
1996

1997

1997

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

1996

1998

III

8,384.2 8,440.6

7,629.5 8,043.5 7,895.2 7,979.9 8,116.2 8,182.6 8,288.7 8,401.3
67.4

59.7

83.5

54.6

71.9

39.2

95.5

2,812.4 2,978.5 2,927.7 2,967.0 2,998.9 3,020.5 3,101.3 3,064.5
I78.5
I98.9

Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories

2,780.3 2,911.1 2,868.0 2,883.6 2,944.3 2,948.7 3,005.8 3,025.3
39.2
71.9
59.7
67.4
95.5
83.5
32.1
54.6
1,249.5 1,343.8 1,307.4 1,342.5 1,357.0 1,368.2 1,426.9 1,385.4
1,228.7 1,310.1 1,275.5 1,293.6 1,337.1 1,334.3 1,376.9 1,380.8
4.5
49.9
31.8
33.6
20.8
34.0
19.9
48.8
1,562.9 1,634.8 1,620.3 1,624.5 1,641.8 1,652.3 1,674.4 1,679.1
1,551.6 1,601.0 1,592.4 1,589.9 1,607.2 1,614.4 1,628.8 1,644.4
11.4

4,179.5
669.7

Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output

718.3

707.1

709.4

45.6 34.7
4,538.4 4,619.5
723.9 732.7 744.6 756.6

293.7

287.9

280.7

299.7

33.8

27.9

34.6

34.7

37.9

4,414.1 4,320.2 4,386.9 4,448.0 4,501.2

306.4

1998

I

289.7

300.3

7,384.4 7,817.2 7,667.0 7,782.7 7,871.0 7,948.1 8,083.9 8,150.9

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

6,994.8 7,269.8 7,166.7

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

7,236.5

7,311.2 7,364.6 7,464.7 7,498.6

6,961.6 7,203.7 7,108.1 7,155.5 7,256.3 7,294.8 7,372.5 7,456.4
30.0

63.2

56.3

79.0

51.0

3.2

Residual

2.9

2.3

2.0

3.9

91.4

3.3

2,675.6

Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services

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

4.0

2,799.7 2,751.4 2,768.7 2,834.0 2,844.8

56.3
63.2
30.0
79.0
91.4
66.5
51.0
38.2
1,247.7 1,364.8 1,310.3 1,359.4 1,384.8 1,404.8 1,470.3 1,437.1
1,227.7 1,331.9 1,279.2 1,311.2 1,365.8 1,371.4 1,420.4 1,434.1
,

31.6
19.5
45.8
29.8
32.2
18.7
47.3
4.2
1,464.2 1,509.6 1,505.6 1,499.7 1,512.7 1,520.4 1,541.6 1,541.6
1,451.5 1,475.1 1,476.9 1,463.9 1,477.1 1,482.4 1,495.2 1,505.4

31.5 26.4 33.2 32.3 34.2 44.1
10.5
3,701.7 3,798.7 3,752.3 3,784.9 3,816.4 3,841.1 3,854.8
588.5 612.5 610.3 607.9 614.6 617.2 625.2
-4.6

Residual

38.2

.8

3,000.8 2,969.7
2,904.3 2,927.7

2,708.8 2,867.9 2,811.6 2,852.6 2,890.2 2,917.0

Goods

Structures
277.1

1997

I

I

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

32.1

1997

246.3
6,748.4

-11.5

-8.2

-10.4

-13.7

260.8

253.8

249.6

265.1

,008.8 6,912.8 6,986.8 7,046.0

34.1

3,907.3
632.1

-13.9

-22.3

-18.6

274.7

268.5

260.7

7,089.7 7,195.9 7,237.6

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 8,440.6
Gross domestic product

873.8
965.0

961.1

981.7

1,058.8 1,023.5 1,047.9

1,076.4

965.4

930.2

973.3

949.6

67.4

59.7

83.5

54.6

6,994.8 7,269.8 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,498.6

71.9

95.5

39.2

7,720.7 8,136.9 7,988.5 8,066.7 8,210.9 8,281.4 8,412.5 8,560.6

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

970.0

929.4 963.6

971.2 1,106.1

1,087.4 1,097.1 1,108.9

7,752.8 8,204.3 8,048.2 8,150.2 8,265.5 8,353.3 8,508.0 8,599.9
32.1

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

1,050.9 1,095.2

860.0

988.1

7,101.1 7,396.5 7,281.3 7,359.4 7,443.1

63.2

56.3

998.8

991.9

7,502.1 7,644.9 7,718.6

51.0

66.5

7,068.0 7,330.2 7,222.6 7,278.3 7,388.0

7,432.1

30.0

79.0

972.1

1,130.5 1,147.8 1,190.4 1,217.3

91.4

38.2

7,552.2 7,676.4

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

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 1.8.—Real Gross Domestic Product by Sector

[Billions of dollars]
Gross domestic product

Business

1

Nonfarml
Nonfarm less housing
Housing
Farm

7,661.6
6,432.9 6,836.5 6,695.4 6,792.9 6,890.9 6,967.0 7,083.1 7,126.3
6,341.3 6,746.3 6,605.0 6,700.6 6,799.7 6,880.0 6,999.3 7,041.4

5,679.2 6,047.2 5,917.0 6,004.4 6,096.8 6,170.6 6,285.4 6,315.0
662.1 699.1 688.0 696.2 702.9 709.4 713.9 726.4
91.6
90.2
90.4
92.2 91.2 87.0 83.8 84.9
345.0 361.4 355.4 359.8 363.5 366.9 371.1 377.9
Households and institutions ...
Private households
11.9
12.0
12.0
12.0 12.0 12.0 11.8 12.0
333.1 349.4 343.4 347.8 351.5 355.0 359.2 365.9
Nonprofit institutions
930.1 936.3
883.6
General government2
912.9 904.2 910.7 916.3 920.5
279.2 281.3 282.9 282.4 281.0 278.8 282.1 281.2
Federal
648.0 655.2
604.4 631.7 621.3 628.3 635.3
State and local
641.7
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.




[Billions of chained (1992) dollars]

8,110.9 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,440.6

Gross domestic product
Business'

6,994.8 7,269.8 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,498.6
5,903.5 6,164.9 6,067.9 6,133.3 6,203.0 6,255.6 6,352.3 6,382.6

5,824.3 6,074.3 5,979.7 6,042.3 6,109.2 6,165.8 6,260.4 6,290.5
Nonfarm1
5,236.0 5,470.5 5,379.2 5,438.9 5,504.4 5,559.6 5,655.9 5,680.5
Nonfarm less housing
588.7 604.5 601.0 604.0 605.6 607.3 606.2 611.5
Housing
Farm
90.3
87.9
78.6
90.7 93.7 88.8 91.1 91.4
Households and institutions ...
311.8 321.5 317.5 320.2 323.1 325.1 326.7 327.7
10.2
10.4
9.8
10.0
Private households
10.5
10.2
10.3
9.9
311.3 307.2
315.1 316.9
Nonprofit institutions
301.3
310.0 313.0
317.9
2
786.2 783.7
787.3 789.6
General government
781.2
785.7 788.1
792.2
235.4 237.4
232.5 232.4
Federal
240.7
235.5
551.3 546.8 236.3
555.5 557.9 231.9
State and local
540.8
553.2
549.9
561.1
-3.7
-3.2
-42
-5.5
Residual
-1.8
-3.6
-5.6
-4A
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.

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