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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 I78.5 2,927.7 2,967.0 2,998.9 I98.9 3,020.5 3,101.3 3,064.5 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 Residual 30.0 63.2 56.3 79.0 51.0 3.2 2.9 2.3 2.0 3.9 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 38.2 .8 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 91.4 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 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 67.4 59.7 83.5 54.6 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 Less: Exports of goods and services Plus: Imports of goods and 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 7,498.6 970.0 929.4 963.6 971.2 1,106.1 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 66.5 7,068.0 7,330.2 7,222.6 7,278.3 7,388.0 7,432.1 79.0 972.1 7,502.1 7,644.9 7,718.6 51.0 30.0 991.9 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 240.7 236.3 235.5 555.5 557.9 231.9 551.3 546.8 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.
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