View PDF

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

October 1996

SURVEY OF CURRENT BUSINESS

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Final" estimates for the second quarter of 1996.
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. (Some of the lines in tables 1.10 and 1.16 are not yet available
and are shown as leaders; they will be shown in a forthcoming issue.) These tables are available electronically on
the day of the gross domestic product (GDP) news release by subscription from STAT-USA'S Economic Bulletin Board
and Internet services; for information, call (202) 482-1986. The tables are also available on printouts or diskettes; for
subscription information, write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis,
Washington, DC 20230 or call (202) 606-9700.
For a guide to which issues of the SURVEY contain the complete set of NIPA tables for the period 1991-96, see
the headnote and list of tables that appeared on pages 15-17 of the August 1996 issue.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

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]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1994

1995

I

Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
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

II

1994

1996

1995

III

IV

I

II

I

6,935.7 7,253.8 7,149.8 7,204.9 7,309,8 7,350.6 7,426.8 7,545.1
4,700.9 4,924.9 4,840.6 4,910.5 4,957.9 4,990.5 5,060.5 5,139.4
580.9 606.4 593.0 604.0 615.8 612.8 625.2 637.6
1,429.7 1,485.9 1,471.5 1,486.7 1,491.2 1,494.2 1,522.1 1,544.7
2,690.3 2,832.6 2,776.1 2,819.8 2,850.9 2,883.5 2,913.2 2,957.1
1,014.4 1,065.3 1,072,0 1,050.3 1,074.8 1,064.0 1,068.9 1,096,0
954.9 1,028.2 1,013.9 1,016.3 1,036.6 1,046.2 1,070.7 1,088.0
667.2 738.5 723.6 734.4 746.3 749.7 769.0 773.8
180.2 199.7 194.5
197.6 202.5 204.0 208.4 207.4
487.0
287.7

538.8
289.8

529.0
290.4

536.8
281.9

543.8
290.3

545.7
296.5

560.6
301.7

59.5

37.0

58.1

34.0

38.2

17.8

-1.7

566.3
314.2
8.0

-94,4

-94.7 -108.7 -115,3

-87,6

-67.2

-86.3

-99.2

719.1
509.1
210.1
813.5
677.0
136.4

807.4
581.4
225.9
902.0
757.0
145.1

797.3
575.2
222.2
912.6
767.3
145.3

819.0
587.0
232.1
906.6
759.7
146.9

837.0
604.5
232.5
904.2
759.0
145.2

839.5
603.6
235.9
925.8
776.7
149.2

850.0
610.4
239.7
949.2
798.2
151.0

776.1
559.1
217.0
884.8
741.9
142.8

1,314.7 1,358.3 1,345.8 1,359.4 1,364.6 1,363.4 1,383.7 1,408.8
516.4
352.0
164.3
798.4

516.6
345.5
171.0
841.7

519.7
347.6
172.1
826.1

522.0
351.7
170.3
837.3

516.8
345.7
171.1
847.7

507.7
337.1
170.6
855.7

518.6
343.9
174.7
865.1

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




529.6
353.7
175.8
879.2

Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
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
Residual

1996

1995

1995

II

IV

III

I

II

6,608.7 6,742.9 6,701.0 6,713.5 6,776.4 6,780.7 6,814.3 6,892,6
4,473.2 4,577,8 4,534.8 4,569.9 4,597.3 4,609.4 4,649.1 4,687.6
562.0 579.8 566.5 576.2 589.1 587.5 599.2 615.6
1,390.5 1,421.9 1,416.6 1,422.9 1,424.7 1,423.2 1,436.1 1,440.9
2,521.4 2,577.0 2,552.5 2,571.6 2,584.6 2,599.3 2,614.7 2,632.3
979.6 1,010.2 1,023.7

996.8 1,015.2 1,004.9 1,011.9 1,038.6

921.1
652.1
168.8

975.9
714.3
181.1

969.5
704.4
178.5

965.7
710.5
180.0

980.0
719.0
182.8

988.5 1,013.3 1,031.1
723.3 743.5 750.5
183.2 186.6 184.9

484.1
268.9

534.5
262.8

527.2
265.9

531.7
256.5

537.4
262.2

541.4
266.3

558.3
271.1

58.9

33.1

54.5

30.5

33.0

14.6

-3.0

-105.7 -107.6 -122.5 -121.4 -101.6
712.0
511.5
200.9
817.6
684.1
133.8

775.4
565.9
210.4
883.0
744.7
138.8

752.3
548.8
204.3
874.9
735.4
139.8

763.2
557.7
206.4
884.6
747.7
137.4

783.0
568.2
215.4
884.5
745.6
139.4

567.5
281.5
7.1

-54.9 -104.0 -114.7
803.1
588.8
215.3
888.0
750.0
138.5

806.7
590.9
216.7
910.7
768.4
142.8

817.9
600.6
218.3
932.6
789.9
143.2

1,260.0 1,260.2 1,262.7 1,265.1 1,263.4 1,249.6 1,254.7 1,278.2
489.8
337.0
152.6
770.5

472.3
319.6
152.3
788.6

-.5

-.6

481.0
325.0
155.6
782.2
-1.4

479.4
325.5
153.5
786.3

472.5
319.1
153.1
791.5

456.2
308.8
147.0
794.4

462.9
311.9
150.6
792.6

-.2

.3

-.6

-.2

473.4
319.4
153.7
805.5
-1.6

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 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.

SURVEY OF CURRENT BUSINESS

October 1996 • 5

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

1994

1995

1995

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 outout

II

Seasonally adjusted at annual rates

1994

1996

III

IV

6,876.2 7,216.7 7,091.7 7,170.9 7,271.5 7,332.8 7,428.6 7,537.1
17.8
59.5
58.1
34.0
38.2
8.0
37.0
-1.7
2,593.9 2,699.2 2,673.9 2,680.2 2,727.0 2,715.8 2,747.5 2,790.1
2,534.4 2,662.2 2,615.8 2,646.2 2,688.8 2,698.0 2,749.3 2,782.0
38.2
58.1
34.0
17.8
59.5
37.0
-1.7
8.0
1,118.0 1,182.1 1,171.3 1,167.1 1,196.4 1,193.6 1,204.4 1,229.1
1,086.1 1,147.3 1,116.9 1,138.6 1,167.2 1,166.4 1,192.1 1,219.1
54.4
29.2
12.3
28.5
27.3
9.9
31.9
34.8
1,475.9 1,517.1 1,502.5 1,513.1 1,530.6 1,522.2 1,543.1 1,561.0
1,448.3 1,514.9 1,498.8 1,507.7 1,521.6 1,531.7 1,557.1 1,562.9
-9.4
3.7
5.4
2.2
9.1
-14.0
-1.9
27.6
3,746.5 3,926.9 3,856.2 3,908.9 3,950.2 3,992.4 4,027.9 4,087.0
595.3 627.6 619.8 615.7 632.6 642.3 651.4 668.0

264.9

262.4

268.5

258.4

259.6

263.1

I

II

I

6,935.7 7,253.8 7,149.8 7,204.9 7,309.8 7,350.6 7,426.8 7,545.1

242.6

270.6

6.670.9 6,991.3 6.881.3 6.946.5 7.050.1 7.087.5 7.184.2 7,274.5

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

1995

1995

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

II

1996

III

IV

II

I

6,608.7 6,742.9 6,701.0 6,713.5 6,776.4 6,780.7 6,814.3 6,892.6
6,550.7 6,708.9 6,647.4 6,682.4 6,741.4 6,764.2 6,815.2 6,884.7

7.1
-3.0
30.5
33.0
14.6
54.5
2.1
.8
.9
2.0
-.9
.6
1.9
2,524.3 2,589.2 2,576.2 2,573.0 2,610.2 2,597.5 2,615.7 2,647.1
2,465.6 2,555.1 2,522.0 2,542.0 2,575.0 2,581.5 2,617.6 2,640.0
58.9

33.1

-.9

7.1
30.5
58.9
14.6
54.5
33.1
33.0
-3.0
1,099.3 1,157.4 1,147.4 1,142.6 1,170.6 1,169.1 1,177.9 i,205.0
1,068.1 1,124.1 1,095.2 1,115.4 1,142.9 1,143.0 1,166.3 1,196.4
11.8
9.3
26.7
25.8
51.5
30.6
32.8
27.0
1,425.4 1,433.1 1,429.9 1,431.4 1,441.0 1,430.0 1,439.3 1,444.1
1,397.8 1,431.8 1,427.1 1,427.3 1,433.2 1,439.4 1,452.6 1,445.7
-2.2
28.2
2.7
3.6
5.8 -11.4 -14.7
.2
3,526.1 3,583.9 3,556.1 3,579.0 3,595.1 3,605.6 3,614.2 3,648.8
559.8 571.8 570.8 563.4 573.7 579.4 586.4 598.8
-4.2
-2.4
-2.3
-1.7
-1.9
-1.3
-1.9
-1-1
245.1

235.1

243.0

231.7

232.1

233.6

215.4

238.2

6,363.3 6,507.9 6,457.8 6,481.9 6,544.6 6,547.3 6,599.7 6,654.5

NoTE.-Chained (1992) dollar series are calculated as the p
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

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

Table 16,—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

6,935.7 7,253.8 7,149.8 7,204.9 7,309.8 7,350.6 7,426.8 7,545.1
719.1

807.4

776.1

797.3

819.0

837.0

839.5

850.0

813.5

902.0

884.8

912.6

906.6

904.2

925.8

949.2

7,030.1 7,348.4 7,258.4 7,320.2 7,397.3 7,417.8 7,513.2 7,644.3

59.5

37.0

58.1

34.0

38.2

17.8

-1.7

8.0

6,970.6 7,311.4 7,200.3 7,286.2 7,359.1 7,400.0 7,514.9 7,636.2

6,608.7 6,742.9 6,701.0 6,713.5 6,776.4 6,780.7 6,814.3 6,892.6
Gross domestic product
Less: Exports of goods and
712.0 775.4 752.3 763.2 783.0 803.1 806.7 817.9
services
Plus: Imports of goods and
817.6 883.0 874.9 884.6 884.5 888.0 910.7 932.6
services
Equals: Gross domestic
6,711.8 6,847.1 6,819.8 6,830.9 6,874.8 6,862.9 6,914.6 7,003.0
purchases
Less: Change in business
7.1
30.5
33.0
14.6
33.1 54.5
58.9
inventories
Equals: Final sales to
domestic purchasers
..... 6,653.7 6,813.0 6,766.0 6,799.9 6,839.7 6,846.4 6,915.5 6,995.2

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 correspondino 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
Business1
Nonfarml
Nonfarm less housing

6,935.7
5,798.4
5,716.1
5,123.0
593.1

Farm
Households and institutions .,
Private households
Nonprofit institutions
General government2
Federal
State and local

7,253.8 7,149.8 7,204.9 7,309.8 7,350.6 7,426.8 7,545.1
6,078.2 5,988.0 6,033.1 6,129.6 6,162.1 6,226.3 6,334.6

5,999.65,911.35,956.3 6,051.0 6,079.8 6,137.3 6,237.0
5,375.0 5,298.0 5,335.8 5,425.9 5,440.4 5,496.9 5,591.6
624.6 613.3 620.5 625.1 639.4 640.4 645.4

82.3

78.6

76.6

76.8

78.6

82.2

89.1

97.6

310.3

323.0

316.7

321.3

324.3

329.6

333.5

338.3

10.8

11.1

10.9

11.0

11.2

11.3

11.5

11.6

299.5
827.0
275.7
551.4

311.8
852.6
278.2
574.4

305.8
845.1
278.6
566.5

310.3
850.4
278.9
571.6

313.1
855.9
278.8
577.1

318.2
859.0
276.8
582.2

322.0
867.0
279.0
588.0

326.7
872.2
277.8
594.4

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 3.7B.




Gross domestic product
Business!
Nonfarm1
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual
;

6,608.7
5,530.3
5,446.7
4,885.3
561.3

6,742.9
5,663.4
5,587.2
5,013.4
573.8

6,701.0
5,621.2
5,542.4
4,973.3
569.1

6,713.5
5,632.7
5,556.1
4,984.3
571.7

6,776.4 6,780.7 6,814.3
5,694.1 5,705.7 5,741.6
5,620.2 5,630.0 5,662.4
5,046.7 5,049.4 5,085.1
573.6 580.7 577.4

6,892.6
5,807.3
5,724.5
5,146.2
578.6

83.9

76.0

78.9

76.4

73.5

75.3

79.1

82.8

296.2

302.5

300.1

301.6

303.1

305.0

305.5

308.4

10.1

10.2

10.1

10.0

10.2

10.2

10.3

10.3

286.0
782.4

292.3
777.5
246.4
531.7
-.8

290.1

291.5

292.9

780.1

779.6
249.1
530.9
-.5

779.7
247.7
532.5
-.7

294.8
770.8
238.6
533.0

295.3
768.0
238.7
530.0

298.1
777.7
240.4
538.1

-1.3

-1.6

-1.9

256.8
525.8
-.6

250.2
530.2
-.8

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 3.8B.
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