View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CURRENT BUSINESS

February 1980

NATIONAL INCOME AND PRODUCT TABLES
1979

1978
1978

I

IV

III

1979 r

1978
III

II

IV'

1978

1979 ••

1979
IV

III

Seasonally adjusted a t annual rates

I

in

II

rv '

Seasonally adjusted a t annual rates

Billions of current dollars

Billions of 1972 dollars

Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product

2,127.6 2,369.4 2,159.6 2,235.2 2,292.1 2, 329. 8 2,396.5 2,459.4 1, 399. 2 1,431.7 1,407.3 1,426.6 1,430.6 1, 422. 3 1,433.3 1, 440. 7

_

Durable goods
Nondurable goods
Services..
.

200.3
530.6
619.8

...

213.1
596.9
700.0

203.5
536.7
629.1

212.1
558.1
645.1

213.8
571.1
669.3

208.7
581.2
686.0

213.4
604.7
710.6

351.5

.
_.

900 8

924 6

905 3

920 3

921 8

915.0

925 9

935 9

216.5
630.6
734.1

146.7
343 3
410.8

147.2
349 1
428.3

147.5
344 7
413 1

152.1
351 9
416.3

150.2
348 1
423.5

144.8
344.1
426.1

146.9
349.2
429.9

146.9
355.2
433.7

1 350.8 1,510.0 1 369.3 1 415.4 1 454.2 1, 475. 9 1, 528. 6 1, 581. 2

Personal consumption expenditures

387.2

356.2

370.5

373.8

395.4

392.3

387.5

214.3

215.3

214.0

217.4

217.2

221.7

214.2

208.1

329.1

368.8

336.1

349.8

354.6

361.9

377.8

380.8

200.2

205.3

201.8

205.5

204.9

203.5

207.1

205.6

Non residential
Structures
Producers' durable equipment

221.1
76.5
144.6

254.6
92.7
161.9

225.9
79.7
146.3

236.1
84.4
151.8

243.4
84.9
158.5

249.1
90.5
158.6

261.8
95.0
166.7

264.2
100.4
163.9

140.1
43 9
96.2

148.6
48.2
100.5

141.6
45 1
96.5

145,5
46 5
98.9

147.2
45.8
101.3

146.9
47.9
99.0

150.7
48.7
101.9

149.8
50.2
99.6

Residential
Nonfarm structures
Farm structures
Producers' durable equipment

108.0
104.4
1.8
1.9

114.2
110.3
1.9
2.0

110.2
106.4
1.9
1.9

113.7
110.0
1.9
1.9

111.2
107.8
1.5
1.9

112.9
109.1
1.8
2.0

116.0
112.0
2.0
2.0

116.6
112.1
2.3
2.1

60.1
57.7
1.0
1.4

56.7
54.3
.9
1.4

60 2
57.7
1.0
1.4

60 0
57.6
1.0
1.4

57.7
55.6
.8
1.4

56.7
54.4
.9
1.4

56.5
54.0
1.0
1.4

55.9
53.3
1.1
1.5

Change in business inventories
Nonfarm
Farm
.

22.3
21.3
1.1

18.5
16.8
1.7

20.0
18.5
1.6

20.6
19.3
1.3

19.1
18.8
.3

33.4
32.6
.8

14.5
12.6
1.9

6.7
3.2
3.5

14.1
13.7
.3

10.0
9.1
.9

12.2
11.6
.6

12.0
11.5
.5

12.3
12.1
.2

18.1
17.7
.4

7.1
6.1
1.0

2.5
.7
1.8

Net exports of goods and services

-10.3

-4.2

-6.8

-4.5

4.0

-8.1

-2.3

-10.5

11.0

17.5

13.3

12.9

17.0

13.2

20.1

19.8

207.2
217.5

257.8
262.0

213.8
220.6

224.9
229.4

238.5
234.4

243.7
251.9

267.3
269.5

281.8
292.3

108.9
97.9

120.0
102.4

111.9
98.5

113.8
101.0

117.0
100.0

116.0
102.9

122.2
102.1

124.6
104.8

435.6

476.4

440.9

453.8

460.1

466.6

477.8

501.2

273.2

274.3

274.7

276.0

274.7

272.4

273.1

276.9

152.6
99.0
53 6
283.0

166.6
108.3
58 4
309.8

152.3
99.0
53 3
288 6

159.0
101.2
57 8
294.8

163.6
103.4
60.2
296.5

161.7
106.0
55.7
304.9

162.9
109.0
53.9
314.9

178.4
114.6
63.8
322.8

98.6

99.4

98.5

99.3

101.1

98.1

97.4

100.9

174.6

174.9

176.2

176.6

173.6

174.3

175.6

176.0

Gross private domestic investment
Fixed investment

Exports
Imports

..

.

.

.

.

Government purchases of goods and services
Federal
National defense
Non defense
State and local

.

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
2, 127. 6 2 369.4 2, 159. 6 2, 235. 2 2, 292. 1 2, 329. 8 2, 396. 5 2, 459. 4 1, 399. 2 1,431.7 1, 407. 3 1, 426. 6 1,430.6 1, 422. 3 1,433.3 1,440.7

Gross national product..
Final sales .
Change in business inventories . .

2 105 2 2 351 0 2 139 5 2 214.5 2, 272. 9 2, 296. 4 2, 381. 9 2 452. 7 1,385.1 1,421 7 1,395.1 1,414.6 1,418.4 1,404.1 1, 426. 2 1, 438. 2
2.5
7.1
12.3
33.4
14.1
12.2
18.1
22.3
19.1
14.5
20.6
6.7
12.0
10.0
20.0
18.5
930.0 1, 031. 1

Goods
Final sales
Change in business inventories.

940.9

983.8 1, Oil. 8 1, 018. 1 1, 036. 0 1,058.5

639.5

653.1

641.8

657.3

658.6

647.3

651.3

655.3

907.7 1 012 6
22.3
18 5

920.8
20.0

963.2
20.6

992.7
19.1

984.6 1, 021. 5 1 051.8
33.4
14.5
6.7

625.4
14.1

643 2
10.0

629.6
12.2

645.3
12.0

646.3
12.3

629.1
18.1

644.2
7.1

652.9
2.5

Durable goods
Final sales
Change in business inventories

380.4
366 5
13.9

423 4
410 1
13.4

382.6
372 3
10.3

402.3
388 9
13.4

425.5
407 1
18.4

422.4
398.0
24.3

424 .4
417.1
7.3

421.4
418 0
3.4

270.0
261.4
8.6

278.1
270 9
7.2

269.9
263.6
6.3

279.1
270.6
8.5

286.0
275.2
10.8

278.3
265.1
13.2

276.6
272.9
3.7

271.6
270.5
1.2

Nondurable goods
Final sales
Change in business inventories

549 6
541.2
8.4

607 7
602 6
5.1

558 3
548.6
9.7

581.6
574.3
7.2

586 2
585.5
.7

595 7
586 6
91

611.6
604.4
7.2

637 2
633.8
3.3

369.4
364.0
5.5

375 0
372.3
2.8

372.0
366.0
5.9

378.2
374.7
3.5

372.6
371.2
1.4

369.0
364.1
4.9

374.7
371.3
3.4

383.7
382.4
1.3

981.7 1, 005. 3 1, 041. 4 1 064 2 1,100.6 1, 133. 8
267 0
237 0 246 0 238 9 247 5 259.8

630.3
129.5

649.7
128 9

633.1
132.4

636.0
133.3

645.2
126.8

647.3
127.7

652.0
130.0

654.4
131.0

969.3 1 085.0
228 2 253 3

Services
Structures

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Gross domestic product
Business . . .
Nonfarm
Nonfarm less housing
Housing...
Farm
Statistical discrepancy
Residual *

Government
Federal
State and local
Rest of the world
Revised.

2, 107. 0 2,344.3 2,138.9 2,213.9 2,267.9 2, 306. 1 2,369.5 2,433.7 1,391.1 1,423.9 1,399.2 1, 418. 4 1, 421. 7 1,414.2 1,425.3 1,434.2
1,807.8 2,018.6 1,837.6 1,904.9 1, 951. 4 1,984.5 2, 042. 0 2, 096. 6 1,197.5 1, 228. 4 1,205.1 1,223.9 1,226.9 1,219.0 1,229.3 1,238.3
1, 160. 0 1, 191. 2 1, 169. 1 1, 188. 0 1, 193. 1 1, 184. 7 1,189.4 1, 197. 6
1, 745. 0 1, 944. 5 1, 774. 8 1,837.5 1,880.8 1, 915. 2 1,964.8
1, 039. 6 1,063.8 1,048.2 1,065.8 1,068.6 1, 058. 2 1, 061. 0 1,067.3
1,579.2 1,756.1 1,607.1 1,664.7 1,702.3 1, 731. 0 1, 773. 4
128.4 130.3
126.5
122.3
124.5
184.2
121.0
127.4
191.4 " I 9 9 . T 120.4
167.7
172.9
165.8
178.6
188.4
34.9
35.7
35.1
33.2
33.4
70.6
34.8
33.6
68.9
34.2
58.9
63.3
59.5
71.1
70.0
70.2
-1.3
8.3
3.9
4.1
3.3
.6
4.0
-.8
35.0
5.0
.4
2.7
2.4
2.4
3.4
69.6

77.3

70.3

72.1

74.8

75.8

77.9

80.5

43.6

45.0

43.9

44.1

44.4

44.7

45.4

45.7

229.6
71.8
157.8

248.4
77.0
171.4

231.0
71.5
159.4

237.0
74.8
162.2

241.8
75.5
166.3

245.8
75.8
170.0

249.6
76.3
173.3

256.6
80.6
175.9

149.9
49.1
100.8

150.5
49.1
101.3

150.2
49.2
100.9

150.4
49.3
101.1

150.4
49.2
101.2

150.5
49.1
101.4

150.6
49.2
101.5

150.3
49.0
101.2

20.5

Households and institutions

r

2.127.6 2,369.4 2,159.6 2,235.2 2,292.1 2, 329. 8 2,396.5 2,459.4 1,399.2 1,431.7 1,407.3 1,426.6 1,430.6 1, 422. 3 1,433.3 1,440.7

25.1

20.7

21.2

24.2

23.7

26.9

25.7

8.1

7.9

8.1

8.1

8.9

8.1

8.0

6.5

See footnotes on p. 4.

HISTORICAL STATISTICS
The national income and product series for 1929-72 are in The
National Income and Product Accounts of the United States, 1929-74:
Statistical Tables (available for $4.95, SN 003-010-00052-9, from
Commerce Department District Offices or the Superintendent of
Documents; see addresses inside front cover). Data for 1973, 1974,




1975, and 1975-78 are in the July 1976, 1977, 1978, and 1979
issues of the SURVEY, respectively. Summary national income and
product series in current and constant dollars and implicit price
deflators for 1947-79 are shown in the January 1980 issue of
the SURVEY.

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