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SURVEY OF CURRENT BUSINESS

September 3992

NATIONAL INCOME AND

PRODUCT

ACCOUNTS

Selected NIPA Tables
New estimates in this issue: Second quarter 1992, final.
The selected set of national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Alternative
quantity and price measures are not yet available; leaders are shown for these parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 1.1 .—Gross Domestic Product

Table 1.2.—Gross Domestic Product in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1990

1991

1991

I
Gross domestic
product
Personal consumption
expenditures ..
Durablo goods
Nondurable goods
Services

.

Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm

Net exports of goods and
services
Exports ..
Imports
Government purchases
Federal
National defense
Nondefense
State and local

II

IV

III

I

I

3,748.4 3,887.7 3,821.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1
464.3 446.1 439.5 441.4
453.0 450.4 469.4 470.6
1,224.5 1,251.5 1,245.0 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5
2,059.7 2,190.1 2,137.2 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0
799.5

721.1

705.4

710.2

732.8

736.1

722.4

773.2

793.2
577.6
201.1

731.3
541.1
180.1

733.9
551.4
190.0

732.0
545.8
185.2

732.6
538.4
175.6

726.9
528.7
169.7

738.2
531.0
170.1

765.1
550.3
170.3

376.5
215.6

360.9
190.3

361.4
182.6

360.6
186.2

362.8
194.2

358.9
198.2

360.8
207.2

380.0
214.8

6.3
3.3
3.1

-10.2
-10.3
0

285
-27.4

-21.8
-27.0
5.2

9.2

-1.2

-15.8
-13.3

8.1
6.4
1.7

-1.1

.2
1.4

14.5
-5.3

-2.4

-68.9

-21.8

-28.7

-15.3

-27.1

-16.0

-8.1

-37.1

557.0
625.9

598.2
620.0

573.2
602.0

594.3
609.6

602.3
629.5

622.9
638.9

628.1
636.2

625.4
662.5

1,043.2 1,090.5 1,087.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1
426.4
314.0
112.4
616.8

447.3
323.8
123.6
643.2

451.3
332.4
118.8
636.3

449.9
325.9
124.0
640.8

447.2
321.9
125.3
646.0

440.8
314.7
126.1
649.5

445.0
313.6
131.4
658.0

1991

1991

II

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2

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




1990

1992

444.8
311.7
133.1
664.3

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
Nonfarm
Farm

Net exports of goods and
services .
.
Exports
Imports
Government purchases
Federal
National defense
Nondefense
. .
State and local

II

1992

IV

III

I

II

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
3,260.4 3,240.8 3,223.5 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5
419.4 416.1 432.3 430.0
439.3 414.7
412.0 411.3
1,056.5 1,042.4 1,043.0 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6
1,764.6 1,783.7 1,768.5 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9
739.1

661.1

646.0

649.5

672.0

676.9

668.9

713.6

732.9
538.1
179.1

670.4
500.2
157.6

671.1
507.0
166.8

669.8
503.0
162.2

671.4
498.7
153.0

669.3
492.1
148.4

681.4
495.8
149.4

705.9
514.7
149.1

359.0
194.8

342.6
170.2

340.2
164.1

340.8
166.9

345.8
172.6

343.7
177.3

346.4
185.6

365.6
191.2

-9.3
-9.6

-20.4
-24.5
4.1

7.5

-1.0

1.6

11.8
-4.2

-12.6
-10.7

.3

-25.1
-24.7
-.4

7.8
6.0
1.8

-51.8

-21.8

-17.9

-17.4

-31.6

-20.5

-21.5

-43.9

510.0
561.8

539.4
561.2

515.9
533.8

536.1
553.5

544.2
575.8

561.4
581.8

565.4
586.8

563.4
607.3

929.9

941.0

945.1

945.6

940.2

933.1

937.0

934.2

383.6
283.3
100.3
546.3

388.3
282.8
105.5
552.7

394.1
291.8
102.2
551.0

393.8
287.6
106.2
551.8

387.2
280.6
106.6
553.0

378.2
271.0
107.2
554.9

375.3
265.6
109.7
561.8

372.7
262.1
110.6
561.5

6.2
3.7
2.5

.6

-1.9

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

SURVEY OF CURRENT BUSINESS

6 • September 1992

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

Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Seasonally adjusted at annual rates
1990

II

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

Seasonally adjusted at annual rates

1992

1991

1991

IV

III

I

II

I

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
5,515.9 5,687.7 56144 56794 57129 57442 58559 58941
6.3

-10.2

-28.5

-21.8

.2

9.2

-15.8

8.1

2,166.4 2,182.5 2,158.3 2,179.1 2,195.1 2,197.6 2,217.8 2,241.3

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

2,160.0 2,192.7 2,186.8 2,200.9 2,194.9 2,188.4 2,233.6 2,233.2
-10.2

285

-21.8

.2

9.2

158

8.1

919.7
920.6

888.4
907.6

861.9
897.3

890.2
916.8

903.8
910.8

897.6
905.7

904.3
923.6

941.8
932.3

-.9

192

-35.4

-26.5

-7.0

-8.1

-19.3

6.3

9.5

1,246.7 1,294.1 1,296.3 1,288.9 1,291.3 1,300.0 1,313.5 1,299.5
1,239.5 1,285.1 1,289.5 1,284.1 1,284.1 1,282.7 1,310.0 1,300.8
7.2

9.0

6.8

4.8

7.2

17.3

3.5

-1.4

2,846.4 3,030.2 2,963.3 3,013.8 3,053.6 3,090.3 3,142.2 3,173.4
509.4

Structures

464.7

464.3

464.7

464.4

465.5

480.1

487.6

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

1992

1991

1991

1990

II

III

IV

II

I

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
4,871.3 4,830.3 4,821.8 4,837.4 4,831.2 4,830.9 4,886.3 4,884.6
6.2

-9.3

25 1

204

.6

7.5

7.8

126

1,956.8 1,911.2 1,903.1 1,907.6 1,918.3 1,915.7 1,924.0 1,936.7
1,950.7 1,920.5 1,928.2 1,928.0 1,917.7 1,908.2 1,936.6 1,929.0
6.2

880.3
881.0
-.7

-9.3

-25.1

-20.4

.6

7.5

834.1
851.6

815.3
847.4

836.3
860.2

845.3
851.7

839.4
846.8

842.4
859.6

-17.5

-32.2

-24.0

-6.4

-7.4

-17.3

-12.6

7.8

874.2
865.7
8.6

1,076.6 1,077.1 1,087.8 1,071.4 1,073.0 1,076.3 1,081.7 1,062.5
1,069.7 1,069.0 1,080.8 1,067.8 1,066.0 1,061.3 1,077.0 1,063.3
6.9

8.2

7.1

3.6

7.0

15.0

4.7

-.8

2,463.0 2,497.6 2,480.5 2,497.3 2,503.7 2,509.0 2,520.1 2,522.4
457.7

412.2

413.2

412.1

409.8

413.7

429.5

433.3

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

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

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

[Billions of 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 2

[Billions of 1987 dollars]

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
557.0

598.2

573.2

594.3

602.3

622.9

628.1

625.4

6259

6200

6020

6096

6295

6389

6362

6625

5,591.1 5,699.3 5,614.6 5,672.9 5,740.3 5,769.3 5,848.3 5,939.4

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases l

81

Less: Change in business
inventories

5,584.8 5,709.5 5,643.1 5,694.7 5,740.1 5,760.1 5,864.1 5,931.3

Equals: Final sales to
domestic purchasers -

63

-102

-285

-21 8

2

92

158

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
5100

539.4

515.9

5361

5442

561.4

5654

5634

561.8

561.2

533.8

553.5

575.8

581.8

586.8

607.3

4,929.3 4,842.8 4,814.6 4,834.4 4,863.4 4,858.9 4,895.2 4,936.3

62

-93

-251

-204

6

75

-126

78

4,923.1 4,852.1 4,839.7 4,854.8 4,862.8 4,851.4 4,907.7 4,928.5

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
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.—Gross Domestic Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Gross domestic
product
Business

5,522.2 5,677.5 5,585.8 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2
4,702.8 4,803.8 4,726.2 4,786.7 4,835.2 4,867.2 4,937.4 4,988.6

Nonfarm
46124 47028 46358 46771 47255 4 772.9 4,826.9 4 877.6
Nonfarm less housing .... 4,162.8 4,229.8 4,171.1 4,207.3 4,251.4 4,289.5 4,341.1 4,386.9
449.6 473.0 464.7 469.8 474.1 483.4 485.8 490.7
Housing
77.9
81.6
80.1
82.5
79.2
Farm
85.0
79.1
77.0
16.4
30.9
27.1
29.0
5.4
13.4
Statistical discrepancy
21.9
30.5
227.8

246.1

237.4

244.1

249.3

253.5

258.3

261.5

94
218.4

92
236.9

90
228.4

92
234.8

92
240.0

9.3
244.2

94
248.9

9.6
251.9

General government

591.6

627.6

622.2

626.8

628.7

632.7

644.4

652.2

Federal
State and local

1803
411 4

1920
4356

1933
4289

1924
4345

191 3
4374

191 1
441.6

1982
446.2

198.7
453.5

Households and institutions
Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing




4,248.7 4,326.3

Gross domestic
product
Business

4,877.5 4,821.0 4,796.7 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4
4,170.1 4,103.9 4,078.2 4,098.3 4,116.1 4,123.1 4,156.8 4,174.4

4,094.7 4,015.8 3,998.3 4,007.1 4,021.6 4,036.3 4,058.8 4,076.1
Nonfarm
Nonfarm less housing .... 3,704.3 3,621.0 3,604.8 3,612.6 3,626.1 3,640.3 3,661.1 3,677.0
3904 394.9 393.5 3945 395.5 396.0 397.6 399.1
Housing ..
68.3
72.8
Farm
68.0
68.5
705
69.4
73.6
72.5
18.7
13.9
24.4
4.9
11.5
23.2
26.0
25.9
Statistical discrepancy
197.7

202.4

200.0

201.9

203.1

204.8

206.7

206.7

88
188.8

8.2
194.2

8.2
191.8

8.3
193.5

8.3
194.9

8.2
196.6

8.3
198.4

8.4
198.3

General government

509.8

514.7

518.5

516.9

512.6

510.6

510.3

511.3

Federal
State and local

156.3
353.5

157.1
357.5

161.1
357.4

158.6
358.3

155.5
357.1

153.4
357.3

152.5
357.7

151.8
359.5

Households and institutions
Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing

3,775.8 3,705.2

SURVEY OF CURRENT BUSINESS

40 • September 1992

Summary National Income and Product Series
Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

1959

494.2
513.4
531.8
571.6
603.1
648.0
702.7
769.8
814.3
889.3
959.5

1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 . .
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991

1959- |
||
III
IV
1960' I
II
Ill
IV

1961:1
11
III
IV
1962: 1
||
Ill
IV
1963: I
II
III
IV
1964: 1
II
Ill
IV
1965: I
II
Ill
IV
1966: 1
II
Ill
IV
1967: I
II
III
IV
1968: 1
II
Ill
IV
1969: 1
II
Ill
IV
1970: 1
II
Ill
IV
1971: 1
II
Ill
IV

.

318.1
332.4
343.5
364.4
384.2
412.5
444.6
481.6
509.3
559.1
603.7
646.5
1 0107
1,097.2
700.3
767.8
12070
848.1
1,349.6
927.7
1,458.6
1,585.9 1,024.9
1 7684 1 143.1
1,974.1 1,271.5
2,232.7 1,421.2
2,488.6 1,583.7
2,708.0 1,748.1
3,030.6 1,926.2
3,149.6 2,059.2
3,405.0 2,257.5
3,777.2 2,460.3
4,038.7 2,667.4
4,268.6 2,850.6
4,539.9 3,052.2
4,900.4 3,296.1
5,250.8 3,523.1
5,522.2 3,748.4
5,677.5 3,887.7
310.5
483.5
3164
496'.2
321.7
496.4
323.8
500.5
3273
5140
333.4
512.9
333.4
515.8
335.5
510.8
336.4
515.1
341.4
525.9
344.4
536.6
351.7
549.5
356.2
561.9
569.4
362.2
366.4
576.2
372.7
578.9
376.3
588.1
380.6
596.7
387.7
609.4
392.3
618.3
401.7
634.8
409.4
643.6
654.1
418.1
659.7
420.6
431.2
679.8
438.2
691.9
447.4
708.3
730.7
461.5
471.8
753.1
476.8
762.2
486.1
775.3
491.7
788.5
797.7
496.6
506.1
803.8
513.5
820.5
521.0
835.3
539.0
859.6
883.7
552.6
568.3
900.3
913.7
576.6
587.9
937.3
598.5
951.1
970.7
608.3
620.0
978.8
989.7
631.0
641.1
1,003.8
1,022.8
653.5
1,026.4
660.3
1,069.8
679.6
1,088.2
693.6
1,108.4
706.0
722.1
1,122.3




Durable
goods

Nondurable
goods

42.8

148.5

43.5
41.9
47.0
51.8
56.8

153.1
157.4
163.8
169.4
179.7
191.9
208.5
216.9
235.0
252.2

63.5
68.5
70.6
81.0
86.2

853
97.2
1107

124.1
123.0
134.3
1600

182.6
202.3
214.2
212.5
228.5
236.5
275.0
317.9
352.9
389.6
403.7
437.1
459.4

2704
283.3
3052
339.6
380.8
416.0
451.8
490.4
541.5
613.3
682.9
744.2
772.3
817.8
873.0
919.4
952.2
1,011.1
1,073.8
1,149.5
1,224.5
1,251.5
146.2

Services

126.8
135.9
144.1
153.6
163.1
175.9
189.2
204.6
221.7
243.1
265.3
2908
319.8
351 9
384.5
423.9
474.5
5312

598.4
677.4
756.2
852.7
953.5
1,050.4
1,164.7
1,269.4
1,395.1
1,508.8
1 ,637.4
1,785.2
1,914.2
2,059.7
2,190.1

Gross private domestic investment

Net exports

Nonresidential

Residential

78.8

46.5

28.1

4.2

78.7
77.9
87.9
93.4

49.2
48.6
52.8
55.6
62.4

26.3
26.4
29.0
32.1
34.3

74.1
84.4
85.2
92.1

34.2
32.3
32.4
38.7
42.6

3.2
2.9
6.1
5.7
5.0
9.7

Total

101.7
118.0
130.4
128.0
139.9
155.2
150.3
175.5
2056
243.1
245.8
226.0
286.4
358.3
434.0
480.2

102.9
106.7
111.7
126.1
150.0
165.6
169:0

187.2
223.2
274.5
326.4

41.4
55.8
69.7
75.3
66.0
62.7
82.5

353.8
410.0
413.7
400.2
468.9
504.0
492.4
497.8
545.4
568.1
577.6
541.1
445
46il

110.3
131.6
141.0
123.3
122.5
105.7
152.0
178.9
185.9
216.6
225.2
232.0
230.9
215.6
190.3
278
28'.8

CBI

13.8
10.5

9.1
9.7
2.3
8.0
9.9
17.7
14.3
-5.7
16.7
24.7
27.9
12.8

-23.7
-26.1
-23.8
-14.7
-14.7
-20.6
-51.4
-102.7

35.4
38.9
41.4
45.3
49.3

31.5
37.1
39.9
46.6
50.5

69,5
81.3
92.8
99.2

66.8
74.6
82.7
92.3

100.5

57.0
59.3
66.2
91.8

55.8
62.3

124.3
136.3
148.9
158.8
186.1
228.9
279.2
303.0
282.6
276.7
302.4

127.5
122.7
151.1
182.4
212.3
252.7

101.3
112.6
124.3
134.7
149.2
170.7

742
91.2

107.0
116.8
122.3
128.3
136.3
155.9
175.6
191.5
201.8
212.7
224.3
241.5
257.7
288.3
321.4
341.3
368.0
403.6
448.5
507.1
561.1
607.6
652.3
700.8
772.3
833.0
881.5
918.7
975.2
1,043.2
1,090.5

1001

100.0
1069

108.5
117.6
129.4
135.8
147.9
162.2
179.3
209.1
240.8
266.6
292.0
310.9
344.3
367.8
384.9
387.0
401.6
426.4
447.3
563

192.0
205.5
220.1
241.4
269.2
298.0
320.3
341.1
360.3
389.9
428.1
465.3
496.6
531.7
573.6
616.8
643.2
41 7

57.7
57.6
56.9

41.9
41.9
41.7

53.7
54.2
55.8
57.3

42.9
44.2
45.1
45.8

56.7
58.2
58.7
60.6

47.5
47.6
48.4
50.2

63.7
65.1
66.2
66.7

50.4
51.0
51.7
52.6

65.4
65.6
67.4
67.2

54.1
54.9
56.5
57.8

26.1
25.2
26.1
26.8

21.7
21.9
23.3
23.9

26.6
28.1
28.0
27.0

24.3
24.9
25.1
25.5

7.0
4.9
5.9
4.8

27.2
29.6
29.8
31.1

25.2
25.9
26.7
26.8

5.6
4.8
4.3
5.4

5.9
4.9
5.4
5.7

32.9
32.6
33.9
35.0

27.0
27.7
28.4
29.3

126.6
128.8
129.0
129.1

67.6
68.2
67.4
66.6

59.0
60.6
61.5
62.5

3.0
4.7
3.7
4.1

31.5
36.3
35.7
38.0

28.5
31.7
32.0
33.9

66.1
67.6
70.0
74.1

63.6
65.6
68.2
69.7

13.5
12.5
12.2
17.0

3.2
2.0
.8
1.5

38.2
38.2
39.0
40.4

35.0
36.2
38.2
38.8

129.8
133.3
138.2
143.8
147.5
153.5
159.0
163.4

75.9
80.2
83.8
85.3

71.6
73.3
75.2
78.1

14.0

2.3
2.1
1.1
.2

41.7
41.1
40.7
41.9

39.4
39.0
39.5
41.7

172.2
173.1
176.3
180.6

91.8
91.4
93.2
95.0

80.4
81.7
83.1
85.6

432
44.8
47.0
46.2

44.4
45.4
48.2
48.2

98.0
98.6
99.4

88.5
91.4
93.5
96.1

43.8
52.7
52.4
53.1

186.5
190.0
192.9
196.7
196.9
200.2
204.6
205.4

1509

1331

11.3

153.8
153.4
154.4

26.1
25.3
25.3

-5.7

40.0
41.0
42.3
44.3

70.2
75.4
82.2
84.0

47.4
48.3
48.6
50.2

25.3
25.5
26.9
27.8

89.3
87.9
89.1
85.4

51.4
53.0
53.7
53.2

28.4
29.2
29.2
29.1

1.6
6.7
6.0
9.5
5.6
6.2
3.1

50.2
51.5
52.2
53.3

155.9
156.8
157.4
159.6
161.5
162.9
164.4
166.3
167.5
168.2
170.7
171.2

90.3
91.8
94.7
96.6

53.1
54.7
56.3
58.1

30.2
32.2
32.5
33.7

55.4
56.8
58.6
56.6

175.3
178.5
182.0
183.1

135.4
136.3
138.6
140.5
143.5
144.8
147.8
149.4'
152.7
154.8
157.3
158.6
161.0
164.8
167.9
171.1
174.2
177.5
180.9

49.4
50.2
48.9
48.5

284

44.2
43.7
42.5

89.1
79.4
78.4
68.1

100.6
100.4
101.5
104.4

59.6
61.4
63.5
65.2

35.4
34.2
33.7
33.8

62.1
61.9
63.8
66.1

183.5
187.1
190.8
195.5
198.5
202.6
206.4
210.9

115.8
115.8
119.1
121.3

69.7
72.4
75.3
78.9

33.9
34.2
34.3
34.5

12.3

69.2
66.5
69.1
69.3

185.6
189.1
192.8
200.0
204.2
207.7
210.7
211.4

130.5
129.9
129.4
131.9

82.2
84.2
85.3
85.7

34.8
33.2
31.9
29.2

67.8
71.2
71.3
72.2

213.7
215.5
217.8
220.6

126.6
122.5
129.5
133.5

84.3
84.5
84.7
87.2

28.3
31.6
33.4
36.0

77.3
79.3
83.6
83.8

227.6
232.6
238.6
241.1
245.5
250.2
254.2
258.8
264.7
268.2
271.9
276.5
278.3
282.0
284.4
288.5

215.1
219.4
224.3
228.2
234.1
240.6
246.1
251.6
256.6
262.1
267.6
274.7

135.3
141.7
140.3
142.4

90.6
89.9
91.8
96.0

36.9
38.2
38.9
40.9

154.3
154.1
159.1
153.3
148.6
150.2
154.0
148.5

99.5

101.4
105.1
105.6
105.8
107.1
108.2
105.7

43.2
43.4
43.2
40.7

169.2
175.2
180.1
177.7

108.2
111.1
112.4
115.3

101.9

13.6
-2.3

44.5
48.4
51.4
55.8
60.9

100.9
103.1
104.2
105.9
107.1
110.8
114.1
116.1
117.9
119.2
119.5
120.5
124.0
125.0

433

48.6
54.6
58.3
61.5

.6
-3.1

41.8

55.3
58.6
65.4
66.4
67.5

23.3
23.5
22.9
21.7

28.3
27.5

93.1
95.9
98.1

-3.0
-8.0

57.1

99.8

24.2
25.2
25.9
25.8

47.8
47.6

40.7
39.4
40.4
45.0

1.2

99.0

22.8
22.7
25.0
26.1
28.1

.9
1.7
3.0
4.0
4.4
3.3
2.8
2.9
2.3
3.2
2.9
1.5
2.0
3.7
3.1
4.4

76.3
79.4

281.1
286.5
294.3
301.3
308.2
315.8
323.4
331.7

-1.3
-1.2

22.3

25.3
26.0
27.4
29.4
33.6

22.9
22.5

128.2
131.0

85.2
86.4
87.3
82.5

2.4
3.4
2.4
3.3
5.5
3.9
1.9
1.4

21.8
21.1

1227
1254

149.2
150.8

85.8
86.2
86.4
86.5

20.6

-1.7

Federal

2o!o

1416

44.2
42.0

6.3
-10.2
44
7.B
.2
4.3

45.3
46.6
47.1
49.1

State
and
local

Imports

293.9
317.7
303.2
328.1
405.1
417.6
451.7
507.1
552.2
587.7
625.9
620.0
21 4
22'.5

467.6
558.0
503.4
546.7
718.9
714.5
717.6
749.3
793.6
832.3
799.5
721.1
767
82J

464.3
446.1
41 6
43'.4

Total

Exports

Net

-9.5
25.4

-15.9
-5.5
71.1
24.6

8.6
26.3
16.2
33.3

3.0
4.2
-2.6

9.2
9.5
7.8

6.4
11.4
10.2

7.8
13.7

9.6
5.4
11.6

-115.6
-132.5
-143.1
-108.0
-79.7
-68.9
-21.8
-1.7
-2.5
-1.1
-1.4

-1.2

-.6
-1.3
-1.9

7.1

.1

41.9
50.9
51.0
53.2

2.1
3.7
5.4

1.1
2.4
.9
.4

54.7
57.6
57.3
58.3

53.5
55.2
56.4
57.9

.8

59.5
59.5
62.4
55.9

58.7
63.3
65.5
61.9

9.3
10.9

-2.2
12.4

95
9.4
.9

-1.9
-1.8
-1.3

302.1
319.2
364.0
444.2
508.0
557.0
598.2
197

-3.8
-3.1
-6.0

Percent change from preceding
pe oo

Government purchases

98.0
99.6
99.5
98.7
96.7
98.4

208.9
210.0
214.5
217.3
220.2
223.2
225.5
228.5

100.6
99.0
99.6

102.2
101.3
101.4
99.6
99.6
99.8
99.5
99.7

100.2
100.5

98.0

100.6
102.4
104.1
107.5
110.4
114.8
117.5
120.6
123.5
125.2
128.1

Final
Gross
sales of domesdomes- tic purtic prod- chases
uct

490.0
510.1
528.9
565.5
597.5
643.0
693.0
756.0
803.8
880.2
949.8
1,008.4
1,089.2
1,197.1
1,331.9
1,444.4
1,591.5
1,751.7
1,949.4
2,204.8
2,475.9
2,717.5
3,005.2
3,165.5
3,410.6
3,706.1
4,014.1
4,260.0
4,513.7
4,884.2
5,217.5
5,515.9
5,687.7
479.1
488.4
496.2
496.2
502.7
509.8
511.6
516.4
517.7
524.4
529.9
543.5
552.4
563.7
570.0
575.8
581.1
591.8
603.5
613.5
629.2
638.7
649.7
654.3
667.5
682.7
698.8
722.8
739.6
749.7
763.1
771.5
783.7
797.5
809.1
825.2
851.8
870.0
890.6
908.3
925.7
941.7
959.8
971.7
987.6
1,000.0
1.017.4
1,028.6
1,057.4
1,078.7
1,099.0
1,121.5

495.8
510.9
528.4
569.2
599.8
642.5
698.8
767.9
812.9
890.6
960.7
1,009.5
1,100.2
1,215.0
1,349.0
1,461.8
1,572.3
1,770.7
1,997.8
2,258.8
2,512.5
2,722.8
3,045.3
3,170.2
3,456.5
3,879.9
4,154.3
4,401.2
4,683.0
5,008.4
5,330.5
5,591.1
5,699.3
485.3
498.8
497.5
501.9
513.1
511.1
512.8
506.7
510.7
522.7
533.7
546.6
559.7
566.2
573.3
577.4
586.1
592.9
606.4
613.9
628.9
638.7
648.6
654.0
676.8
687.3
704.6
726.6
749.9
760.2
774.5
787.0
795.4
801.7
819.3
835.1
860.8
884.3
901.5
915.6
939.2
952.8
972.0
978.7
988.5
1,001.3
1.022.0
1,026.0
1,069.0
1,092.0
1,111.5
1,128.3

Gross
national
product

497.0
516.6
535.4
575.8
607.7
653.0
708.1
774.9
819.8
895.5
965.6
1,017.1
1,104.9
1,215.7
1,362.3
1,474.3
1,599.1
1 785.5
1,994.6
2,254.5
2,520.8
2,742.1
3,063.8
3,179.8
3,434.4
3,801.5
4,053.6
4,277.7
4,544.5
4,908.2
5,266.8
5,542.9
5,694.9
486.2
498.9
499.3
503.6
517.0
516.0
519.0
514.2
518.8
529.4
540.2
553.2
565.7
573.5
580.3
583.7
592.7
601.1
613.9
623.0
639.9
648.5
659.2
664.5
685.3
697.7
713.7
735.6
758.2
767.3
780.3
793.9
803.0
809.0
826.2
841.0
865.5
889.8
906.6
920.0
943.7
957.3
976.7
984.8
996.0
1,010.4
1,029.4
1,032.5
1,077.3
1,096.2
1,115.7
1,130.2

GDP

3.9
3.6
7.5
5.5
7.4
8.4
9.5
5.8
9.2
7.9
5.3
8.6
10.0
11.8

8.1
8.7
11.5
11.6
13.1
11.5

8.8
11.9

3.9
8.1
10.9

6.9
5.7
6.4
7.9
7.2
5.2
2.8
10.9

.2
3.3
11.2

-.9
2.3
-3.8

3.4
8.7
8.4
10.0

9.3
5.4
4.9
1.9
6.5
6.0
88
6.0
11.1

5.7
6.7
3.5
12.8

7.3
9.8
13.3
12.8

4.9
7.1
7.0
4.7
3.1
8.6
7.4
12.2
11.7

7.7
6.1
10.7

6.0
8.5
3.4
4.5
5.8
7.8
1.4
18.0

7.1
7.6
5.1

Final
sales of Gross
domes- domestic purtic prodchases
uct

4.1
3.7
6.9
5.7
7.6
7.8
9.1
6.3
9.5
7.9
6.2
8.0
9.9
11.3

8.4
10.2
10.1
11.3
13.1
12.3

9.8
10.6

5.3
7.7
8.7
8.3
6.1
6.0
8.2
6.8
5.7
3.1
8.0
6.5
0
5.3
5.8
1.4
3.8
1.0
5.3
4.3
10.7

6.7
8.4
4.5
4.1
3.7
7.6
8.1
6.8
10.6

6.2
7.1
2.9
8.3
9.4
9.8
14.5

9.6
5.6
7.3
4.5
6.5
7.2
5.9
8.2
13.5

8.8
9.8
8.2
7.9
7.1
7.9
5.1
6.7
5.1
7.1
4.5
11.7

8.3
7.7
8.4

3.0
3.4
7.7
5.4
7.1
8.8
9.9
5.9
9.6
7.9
5.1
9.0
10.4
11.0

8.4
7.6
12.6
12.8
13.1
11.2

8.4
11.8

4.1
9.0
12.2

7.1
5.9
6.4
6.9
6.4
4.9
1.9

ii.6
-1.0

3.6
9.2
-1.6

1.3
-4.7

3.2
9.7
8.7
10.0

9.9
4.7
5.1
2.9
6.2
4.7
9.4
5.0
10.1

6.4
6.3
3.4
14.7

6.4

GNP

3.9
3.6
7.5
5.5
7.5
8.4
9.4
5.8
9.2
7.8
5:3
8.6
10.0
12.1

8.2
8.5
11.7
11.7
13.0
11.8

8.8
11.7

3.8
8.0
10.7

6.6
5.5
6.2
8.0
7.3
5.2
2.7
10.9

.3
3.5
11.1

-.8
2.3
-3.6

3.6
8.4
8.4
10.0

9.3
5.6
4.8
2.4
6.3
5.8
8.8
6.1
11.3

5.5
6.8
3.3
13.1

7.4
9.5

10.5
13.1

12.9

13.5

12.9

5.6
7.7
6.6

4.9
7.0
7.2

4.3
3.2
9.1
7.9

4.7
3.0
8.8
7.4

12.9
11.4

8.0
6.4
10.7

5.9
8.3
2.8
4.1
5.3
8.5
1.6
17.8

8.9
7.3
6.2

12.2
11.7

7.8
6.0
10.7

5.9
8.4
3.4
4.6
5.9
7.7
1.2
18.5

7.2
7.3
5.3

SURVEY OF CURRENT BUSINESS

September 1992 •

41

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

1972: 1
II
Ill
IV
1973: 1
II
III
IV
1974: 1
II
Ill
IV
1975: 1
II
Ill
IV
1976: 1
II
Ill
IV
1977- 1
II
Ill
IV
1978: 1
II
Ill
IV
1979: 1
II
Ill
IV

...

1980: 1
II
Ill
IV
1981' I
II .
Ill
IV
1982: 1
II
Ill
IV
1983: 1
II
Ill
IV
1984: 1
II

ill

IV
1985: I
II
Ill
IV
1986: 1
II
Ill
IV
1987: I
II
Ill
IV
1988: 1
II
Ill
IV
1989: 1
II
Ill
IV
1990: 1
II
Ill
IV

1991:1
II
Ill
IV

;

1,160.9
1,192.5
1,217.7
1,256.8
1,304.4
1,334.5
1,358.4
1,401.2
1,410.9
1,444.1
1,474.7
1,504.8
1,513.6
1,552.1
1,614.4
1,663.3
1,717.8
1,746.4
1,779.9
1,829.6
1 881.7
1,952.9
2,015.1
2,046.8
2,090.2
2,213.9
2,274.7
2,352.0
2,399.2
2,453.3
2,523.3
2,578.8
2,650.1
2,643.9
2,705.3
2,832.9
2,953.5
2,993.0
3,079.6
3,096.3
3,092.9
3,146.2
3,164.2
3,195.1
3254.9
3,367.1
3,450.9
3,547.3
3,666.9
3,754.6
3,818.2
3,869.1
3.940.0
3,997.5
4,076.9
4,140.5
4,215.7
4,232.0
4,290.2
4,336.6
4,408.3
4,494.9
4,573.5
4,683.0
4,752.4
4,857.2
4,947.3
5,044.6
5,150.0
5,229.5
5,278.9
5,344.8
5,445.2
5,522.6
5,559.6
5,561.3
5,585.8
5,657.6
5,713.1
5,753.3

739.2
757.1
775.1
799.7
824.0
838.8
857.3
872.6
891.0
919.0
946.7
954.2
978.9
1,008.3
1,042.1
1,070.3
1,104.8
1,124.5
1,153.9
1,189.1
12255
1,253.5
1,284.7
1,322.4
1,351.7
1,410.1
1,442.7
1,480.3
1,520.4
1,554.8
1,607.1
1,652.5
1,701.5
1,704.9
1,762.3
1,823.6
1 ,876.0
1,908.9
1,952.1
1,968.0
2,005.4
2,029.4
2,073.1
2,128.7
2,1629
2,231.9
2,288.7
2,346.8
2,392.4
2,444.5
2,477.8
2,526.4
2.589.2
2,636.4
2,704.2
2,739.8
2,784.8
2,812.3
2,882.0
2,923.1
2,962.8
3,030.1
3,091.4
3,124.6
3,199.1
3,260.5
3,326.6
3,398.2
3,440.8
3,499.1
3,553.3
3,599.1
3,672.4
3,715.3
3,787.8
3,818.2
3,821.7
3,871.9
3,914.2
3,942.9

Durable
goods

Nondurable
goods

293.2
301.5
308.5
317.4
125.7
327.0
124.6
333.6
124.3
344.0
121.7
353.7
119.5
365.6
123.6
376.7
129.5
388.0
119.3
392.9
124.0
400.3
411.1
129.1
138.9
423.0
145.4
429.8
155.2
439.4
157.5
446.3
160.8
455.8
166.6
465.8
4774
1752
180.3
485.6
184.6
492.0
190.5
506.9
187.9
516.7
205.3
534.5
549.4
205.5
210.4
565.5
211.8
583.6
210.6
599.8
218.3
624.5
216.0
645.5
667.1
218.7
198.2
673.8
211.3
686.2
221.8
704.6
2308
731 3
225.5
741.6
236.3
748.5
221.4
755.5
230.9
761.2
232.9
763.3
235.2
777.5
246.9
787.3
251 2
791.7
810.4
270.1
829.4
281.0
297.7
839.8
854.1
307.6
317.9
872.0
318.0
878.2
328.2
887.8
342.2
899.9
347.0
914.3
368.2
923.8
354.4
939.5
363.8
950.1
376.1
943.9
951.0
411.6
963.7
406.8
384.9
989.0
401.4 1,007.6
419.7 1,018.4
408.8 1,029.4
428.8 1,041.5
433.1 1,062.0
433.5 1,085.8
452.9 1,105.8
450.8 1,121.1
457.6 1,146.5
470.8 ' 1,157.1
458.3 1,173.5
478.0 1,199.3
463.5 1,208.7
463.0 1,235.3
452.7 , 1,254.5
439.5 1,245.0
441.4 1,254.2
453.0 1,255.3
450.4 1,251.4
105.3
108.5
111.8
117.4

Services

340.8
347.2
354.8
364.9
371.3
380.6
388.9
397.2
405.9
418.6
429.2
442.0
454.6
468.1
480.1
495.1
510.3
520.8
537.2
556.7
5729
587.6
608.2
625.0
647.1
670.2
687.8
704.4
725.0
744.4
764.3
791.0
815.7
832.9
864.9
897.2
913.9
941.7
967.2
991.1
1,013.3
1,033.2
1,060.4
1,094.6
1,120.0
1,151.4
1,178.3
1,209.3
1,230.8
1,254.6
1,281.7
1,310.4
1,347.1
1,375.2
1,412.2
1,446.0
1,470.9
1,492.3
1,519.4
1,552.6
1,588.8
1,621.2
1,653.3
1,686.4
1,728.8
1,765.4
1,807.3
1,839.5
1,868.8
1,895.1
1,925.4
1,967.3
1,995.0
2,043.1
2,089.6
2,111.1
2,137.2
2,176.3
2,205.9
2,241.1

Total

192.2
203.3
209.4
217.6
232.1
241.4
240.1
258.7
241.8
247.7
244.4
249.3
211.0
210.6
236.3
246.2
271.3
284.6
289.7
299.8
321 6
355.2
380.3
376.0
391.9
429.4
447.3
467.4
470.9
481.7
485.5
482.9
495.3
451.5
432.1
491.5
5485
543.3
575.4
564.7
517.9
522.1
509.4
464.2
4783
532.5
561.2
614.8
693.6
719.2
739.9
722.8
700.5
714.8
706.0
737.0
752.8
724.1
696.4
697.1
725.2
733.9
737.9
800.2
770.6
788.4
800.7
814.8
843.9
840.3
819.6
825.2
820.3
833.0
805.7
739.0
705.4
710.2
732.8
736.1

Nonresidential

Residential

120.6
123.5
126.3
133.8
141.2
149.0
153.7
156.4

66.6
68.2
69.6
74.3

11.6
13.6

77.9
75.8
75.0
72.7

13.1
16.7
11.4
29.6

159.0
163.7
168.5
171.0
166.3
166.0
169.7
173.9
179.1
183.4
189.8
196.4

69.0
67.5
67.4
60.0

13.8
16.5
18.3

-5.6
-9.1
-2.1

57.7
59.9
64.6
68.7

-12.9
-15.4
1.9
3.7

13.1
16.6
11.6
12.9

76.2
80.7
80.6
92.5

20.6
19.2
10.9

152

208.8
218.5
226.8
238.8
245.7
270.1
284.0
298.2
311.9
317.7,
334.7
341.5
353.6
342.5
352.1
367.1
3837
4007
418.4
437.1
432.6
419.4
405.0
397.7
3853
387.2
401.3
426.9
441.0
463.9
479.3
491.5
499.1
506.1
499.6
511.3
501.6
490.1
486.0
491.7
479.3
489.7
507.8
514.3
526.8
544.1
550.3
560.2
563.4
568.4
571.5
568.8
580.1
572.1
585.2
572.9
551.4
545.8
538.4
528.7

976
111.7
115.0
116.9
121.0
130.5
135.8
139.0
138.6
140.9
143.5
141.2

134.6
111.2
115.9
131.3
131.9
128.7
120.1
109.5
104.7
102.8
102.4
112.8
130.3
148.1
162.0
167.7
174.7
180.6
179.8
180.4
182.1
182.0
186.5
193.1
203.1
216.7
222.4
224.2
222.8
226.4
225.2
226.5
227.0
230.5
233.3
237.3

236.8
232.1
228.5
226.2
232.1
223.1
210.1
197.1
182.6
186.2
194.2
198.2

CBI

5.0
9.4

Exports

Imports

-8.6
-8.3
-7.9
-7.1

63.5
63.1
66.2
72.1

72.2
71.4
74.1
79.2

-4.4
-1.1

81.0
88.3
94.3

85.4
89.5
91.1
98.7

Net

3.2
4.7

103.4

110.3
129.4
133.6
136.6
124.9
115.2
122.1

-1.1
-5.0
-7.2

143.1
146.0
150.9
155.4

138.9
147.1
155.9

-21 2
-21.5
-21.2
-30.8

154.8
161.3
161.8
157.1
164.0
185.6
190.5
204.5
210.7
219.9
233.1
251.9

229.9
243.2
257.3
280.4

-35.9

-39.3
-23.3
-24.6
-17.3
-19.2
-23.3
-24.2
-28.6
-37.1
-16.6
3.5

-6.8

-8.6

267.5
276.2
282.7
290.4

304.6
292.8
279.2
299.0

329
1&9

-16.3
-16.0
-10.0
-16.4
-17.5

3193
3217

-30.3
-29.5
-23.7
-44.9
-65.2
-71.8
-95.5
-104.5
-103.8
-107.1

3030
305*8
299.9
303.4
291.9
293.9
279.0
265.6
2706
272.3
277.7
286.2
293.1
302.1
305.7
308.7

-91.8
-116.0
-118.9
-135.5
-127.8
-129.7
-139.4
-133.2
-140.3
-145.1
-143.8
-143.2
-122.0
-105.6
-98.5
-106.0
-85.1
-80.1
-79.7
-73.9
-72.1
-59.9
-76.3
-67.2
-28.7
-15.3
-27.1
-16.0

305.0
302.7
295.8
304.7
311.5
313.0
318.4
333.9
336.3
3557
371.5
392.4
418.5
438.8
452.4
467.0
489.7
509.5
509.0
523.8
541.2
551.2
555.9
5797
573.2
594.3
602.3
622.9

1,6.1

25.0
38.4
20.3
25.2
28.7
27.5
30.2
20.4
23.2

7.3
.2
7.1
-2.2

36.9
18.1

-19.3
-.2
2.0
-46.3
-373
-2.8
-2.1
20.2
77.9
74.7
80.7
51.0
19.3
26.7
19.9
32.6
48.1
17.4

-12.0
-18.8
23.1
17.8

4.9
59.3
16.8
13.8
17.1
17.3
43.7
39.8
19.6
30.2

8.1
37.7
10.4

-31.0
-28.5
-21.8
.2
9.2

4.3

4.2

-5.1

Percent change from preceding
period

Government purchases

114.6
123.7
124.5
134.4
138.0
131.8
133.7
141.7

8.5

NOTE.—GDP=Gross domestic product; CBkChange in business inventories; GNP=Gross national product




Net exports

Gross private domestic investment

1287

1627

176.1
182.8
183.0
187.9
203.3
208.9
215.1
221.8

310.0
3197

309.4
299.0
309.3
295.1
294.3
317.2
342.9
358.0
388.5
4067
409.5
415.7
396.8
4187

414.7
440.2
439.2
442.7
457.8
467.1
4765
500.8
515.3
535.6
540.5
544.3
550.9
573.1
574.9
589.6
5887
597.7
613.3
611.2
632.2
646.9
602.0
609.6
629.5
638.9

Total

238.1
240.4
241.1
246.5
2527
255.4
257.7
265.1
273.8
283.1
292.8
303.4
310.5
3167

324.5
333.8
337.4
338.4
341.3
347.9
355.9
3657
371.3
379.2
385.8
397.7
409.3
421.5
427.1
440.1
454.9
471.9
490.5
504.1
507.4
526.4
5454
556'.8
562.2
579.9
587.1
599.8
612.0
631.6
637.5
6477
666.3
657.6
676.3
695.4
704.4
727.0
742.2
762.4
785.6
799.2
805.9
825.3
851.2
8497
860.6
876.0
888.0
901.4
9047
913.8
918.5
937.6
950.4
970.2
985.6
994.5
1,0247
1,034.3
1,042.4
1,071.3
1,087.5
1,090.8
1,093.3
1,090.3

Federal

107.0
108.1
105.6
106.7
108.9
108.5
107.0
109.8
112.3
114.3
118.8
124.9
126.1
127.7
129.8
134.1

State
and
local

131.0
132.3
135.5
139.9
1437

146.9
1507

155.4
161.5
168.8
174.0
178.5
184.4
189.1
194.7
1997

140.1

204.2
204.3
205.6
207.8

1427

2131

146.8
148.8
153.3

163.7
169.4

218.9
222.5
225.9
230.9
237.0
245.6
252.1

172.5
175.2
180.4
189.2

254.6
264.8
274.5
2827

198.6
208.5
208.8
220.6
229.0
239'.8
241.8
252.6
255.8
261.0
268.0
281.4
284.6
291.0
302.6
2897
297.9
309.6
311.2
3247

291.9
295.5
298.6
305.8
316.4
317'.0
320.3
327.4

330.0
338.2
352.1
356.9
352.2
364.2
381.5
373.1
375.6
384.5
387.1
392.5
386.6
386.0
383.5
392.0

412.2
424.2
433.4
442.4
453.7
461.2
4697
476.6
485.0
49t.5
501.0
509.0
518.1
527.8
535.1
5457

392.3
401.6
407.3
405.1
420.3
424.4
422.6
438.3
451.3
449.9
447.2
440.8

558.1
568.6
578.4
589.3

133.2
134.0
1357

154.9
1607

331.3
338.8
344.0
350.3
352.9
3567
3637
367.9
378.4
385.8
393.1
402.2

604.3
610.0
6197

633.0
636.3
640.8
646.0
649.5

Final
Gross
sales of domesdomes- tic purtic prod- chases
uct

Gross
national
product

1,155.9 1,169.5
1,180.9 1,200.8
1,204.1 1,225.7
1,247.3 1,263.8
1,291.3 1,3087
1,317.8 1,335.6
1,346.9 1,355.2
1,371.5 1,396.4
1,3971 1,406.6
1,427.6 1,4497
1,466.2 1,483.8
1,486.5 1,506.9
1,526.5 1,500.5
1,567.5 1,535.6
1,612.5 1,602.8
1,659.6 1,650.4
1,701.7 1,713.6
1,725.8 1,747.5
1 ,7607 1,784.9
1,818.7 1,836.8
1 8665 1 902.9
l!927.8 1J974.4
1,976.6 2,036.2
2,026.6 2,077.6
2,064.9 2,129.5
2,185.1 2,237.1
2,247.2 2,299.3
2,321:8 2,369.3
2,378.7 2,418.4
2,430.1 2,476.6
2,516.0 2,547.5
2,578.6 2,607.3
2,643.1 2,687.3
2,646.1 2,660.5
2,741.2 2,701.8
2,839.7 2,841.5
2,920.6 2,969.8
2',979'.2 sioogio
3,0427 3,089.6
3,078.2 3,1127
3,112.3 3,110.4
3,146.4 3,151.3
3,162.1 3,194.5
3,241.4 3,224.6
3,292.2 3 278.7
3,370.0 3i412.0
3,453.0 3,516.1
3,527.1 3,619.1
3,589.0 3,762.3
3,679.8 3,859.1
3,737.5 3,922.1
3,818.1 3,976.2
3,9207 4,031.8
3,970.9 4,113.6
4,057.0 4,195.8
4,107.9 4,276.0
4,167.6 4,343.5
4,2147 4,3617
4,302.3 4,4297
4,355.4 4,469.8
4,385.2 4,548.6
4,477.1 4,640.0
4,568.6 4,717.3
4,6237 4,826.2
4,735.6 4,874.4
4,843.4 4,9627
4,930.2 5,045.8
5,027.3 5,1507
5,106.2 5,235.1
5,189.7 5,309.6
5,259.3 5,358.6
5,314.6 5,418.7
5,437.1 5,517.4
5,484.9 5,582.6
5,549.2 5,635.9
5,592.3 5,628.5
5,614.4 5,614.6
5,679.4 5,672.9
5712.9 5,740.3
5,744.2 5,769.3

1,169.2
1,200.8
1,226.8
1,265.9
1,315.1
1,346.2
1,372.3
1,415.6
1,428.1
1,460.7
1,490.2
1,518.3
1,525.2
1,564.0
1,627.6
1,679.5
1,7337
1,763.3
1,797.2
1,847.7
1 902.7
l!973.8
2,036.2
2,065.8
2,112.4
2,232.8
2,295.9
2,377.1
2,425.2
2,483.0
2,559.6
2,615.3
2,6877
2,679.4
2,739.8
2,861.5
2,985.5
3',023'.5
3,112.4
3,133.7
3,1237
3,179.2
3,193.8
3,222.6
3,283.8
3,394.0
3,481.6
3,578.4
3,694.2
3,778.3
3,843.3
3,890.2
3,955.7
4,012.9
4,089.5
4,156.2
4,231.4
4,239.1
4,300.0
4,340.5
4,412.4
4,497.5
4,5777
4,690.5
4,764.3
4,8627
4,951.6
5,054.3
5,164.0
5,243.3
5,294.7
5,365.0
5,464.1
5,537.0
5,577.8
5,5927
5,614.9
5,674.3
5,726.4
5764.1

GDP

Final
Gross
sales of domesdomestic prod- tic purchases
uct

14.5
11.3

12.8

8.9
8.1

15.4
11.1

GNP

14.5
11.3

8.7
135 .

15.1

13.0

13.4

16.0

14.9

15.0

16.5

8.5
9.1
7.5

8.5
6.0
127

13.2

77
9.0

12.8

9.6
7.4
13.2

2.8
97
87
8.4
2.4

11.3

5.7

8.6

3.0

97
6.4

8.9

9.8
8.0
3.6
9.4
8.3
7.8
1.8

-17
9.7

127

11.2
11.2
12.0
12.2

18.7
12.4

10.6
17.3
13.4

13.8

10.5

16.2

13.5

10.6
17.0

6.8
7.9

5.8
8.3

8.2
8.8

7.0
7.9

11.6

13.8

12.1

11.7

11 9

10.9
13.8
10.5
10.5

15.2
15.9
13.1

12.4
15.8
13.3

ie!o
13.4

6.4
8.8
25.9
11.4
14.3

8.3
9.3
11.9

9.1
11.5

-.9
9.6

7.8
25.4
11.9
14.0
10.2

8.9
14.9
10.3
10.4

.5
15.2

8.4
10.4
21.8
11.6
12.7

8.6
10.0
12.0

97
12.8
-3.9

6.4

20.2

152

22.3

18.1

11.9

19.3

5J5
12.1

2.2
-.4
7.1
2.3
4.0
7.7
14.5
10.3
11.7
14.2

8.3
8.8
4.7
4.5
4.5
2.0
10.4

6.4
9.8
10.2

8.9
7.2

54
11.2

3.0
-.3
5.4
5.6
3.8
6.9

5.9
9.3
24.8
11.8
14.9

8.3
9.9
12.9

9.0
11.5
-1.2

9.3
19.0

185
52
12.3

2.8
-1.3

7.3
1.8
37
7.8
14.1

17.3
12.8
12.2

107

16.8

13.6

11.6

107
6.7
5.6

9.4
7.1
5.0

5.7
8.4
8.2
7.9

6.9
5.9
7.9
6.7
7.4
7
5.9
3.8
6.8
7.9
7.3

9.4
7.4
8.1

6.5
17
6.4
37
7.2
8.3
6.8
9.6
4.1
7.4
6.9
8.6

8.6
6.3
3.8
5.1

6.4
6.7
5.5
4.3

67
5.8
37
4.6

9.0
6.3
4.0
5.4

77
5.8
27
.1

9.5
3.6
4.8
3.1

7.5
4.8
3.9
-.5

7.6
5.4
3.0
1.1

1.8
5.2
4.0
2.8

1.6
47
2.4
2.2

9.9
6.9
5.4

10.5

7.5
6.0
8.2
6.4

11.2

7.5
1.6
5.6
4.4
6.8
8.1
7.2
9.9
6.1
9.1
7.6
8.1

6.4
8.9
5.2
9.0
5.1
5.9
4.6
8.6
5.0
2.8
8.6
8.4
4.9
10.0

-1.0

4.2
4.8
2.0

10.2

6.4
8.5
7.5
8.6

1.6
4.3
37
2.7

42 • September 1992

SURVEY OF CURRENT BUSINESS
Table 2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]

Personal consumption expenditures
Year and
quarter

GDP

Total

Durable
goods

Nondurable
goods

Services

Gross private domestic investment

Total

Nonresidential

1 ,928.8 1,178.9
1,210.8
1,238.4
1,293.3
1,341.9
1,417.2

114.4

518.5

546.0

296.4

165.2

1960
1961
1962
1963
1964

1,970.8
2,023.8
2,128.1
2,215.6
2,340.6

115.4
109.4
120.2
130.3
140.7

526.9
537.7
553.0
563.6
588.2

290.8
289.4
321.2
343.3
371.8

173.3
172.1
185.0
192.3
214.0

1965
1966
1967
1968
1969

2,470.5
2,616.2
2,685.2
2,796.9
2,873.0
2,873.9
2,955.9
3,107.1
3,268.6
3,248.1
3,221.7
3,380.8
3,533.3
3,703.5
3,796.8
3,776.3
3,843.1
3,760.3
3,906.6
4,148.5
4,279.8
4,404.5
4,539.9
4,718.6
4,838.0
4,877.5
4,821.0

156.2
166.0
167.2
184.5
190.8
183.7
201.4
225.2
246.6
227.2

616.7
647.6659.0
686.0
703.2

568.5
591.3
620.0
648.0
688.3
724.1
760.2
796.2
837.0
877.2

413.0
438.0
418.6
440.1
461.3
429.7
475.7
532.2
591.7
543.0
437.6
520.6
600.4
664.6
669.7
594.4
631.1
540.5
599.5
757.5
745.9
735.1
749.3
773.4
784.0

250.6
276.7
270.8
280.1
296.4

1959

1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1959 I

II
III
IV
1960: I
II
III
IV
1961:1
II
III
IV

1,904.9
1,937.5
1,930.8
1,941.9
1,976.9
1,971.7
1,973.7
1,961.1
1,977.4
2,006.0
2,035.2
2,076.5

1,497.0
1,573.8
1,622.4
1,707.5
1,771.2
1,813.5
1,873.7
1,978.4
2,066.7
2,053.8
2,097.5
2,207.3
2,296.6
2,391.8
2,448.4
2,447.1
2,476.9
2,503.7
2,619.4
2,746.1
2,865.8
2,969.1
3,052.2
3,162.4
3,223.3
3,260.4
3,240.8
1,159.5
1,175.5
1,188.0
1,192.7
1,201.7
1,216.4
1,210.8
1,214.1
1,218.1
1,235.6
1,238.8
1,261.0

912.5
946.7
997.4
1,042.2
1,066.8
1,103.6
1,149.5
1,196.8
1,254.1
1,296.5
1,323.9
1 ,344.4
1,368.9
1,421.4
1,473.0
1,537.0
1,576.1
1,637.4
1,698.5
1,731.0

439.3
414.7

717.2
725.6
755.8
777.9
759.8
767.1
801.3
819.8
844.8
862.8
860.5
867.9
872.2
900.3
934.6
958.7
991.0
1,011.1
1,035.1
1,051.6
1,056.5
1,042.4

1,764.6
1,783.7

739.1
661.1

292.0
286.8
311.6
357.4
356.5
316.8
328.7
364.3
412.9
448.8
437.8
455.0
433.9
420.8
490.2
521.8
500.3
497.8
530.8
540.0
538.1
500.2

111.9
116.2
117.6
112.0

514.9
516.9
519.9
522.4

532.7
542.4
550.6
558.2

290.7
308.9
288.1
297.8

158.8
163.8
169.1
169.0

114.5
117.6
116.2
113,2
106.7
107.2
109.3
114.4

522.8
529.6
527.0
528.0
532.1
537.7
536.9
543.9

564.4
569.1
567.6
572.9

608.0
617.4
623.5
631.1
634.2
640.8
654.1
663.0
674.5
683.7
693.2
701.9
708.4
719.0
728.2
740.7

321.8
292.0
288.5
261.0 .
266.4
279.9
302.4
308.9
321.4
322.0
327.3
314.1

226.8
256.4
280.0
292.9
289.0
262.7
264.6
262.5
297.7
338.5
370.1
402.0
403.7
428.7
440.7

579.3
590.6
592.6
602.7

475.3

15.6
16.0
15.7

-10.5

476.9
501.5
524.2
536.3
549.1

265.7
259.0
270.1
287.3
285.7
281.8

209.6
217.9
231.4
236.9
250.6
267.3

137.3
124.5
120.2
136.4
140.1
131.8
168.1
198.0
196.6
155.6
134.7
166.4
201.9
214.5
207.4

25.1
36.7
27.6
23.6
24.8

5.9
20.8
22.5
37.7
30.9

-13.9
25.5
34.3
37.2
13.6
-8.3
24.6

-17.5
4.4
67.9
22.1

8.5
26.3
19.9
29.8

6.2

-5.8

2.5
-6.4

-18.0
-23.7
-37.5
-41.5
-35.2
-45.9
-56.5
-34.1
-4.1
23.1
-6.4

-27.8
-29.9
-10.6
30.7
22.0
-7.4

-56.1
-122.0
-145.3
-155.1
-143.1
-104.0
-73.7

169.0
171.0
171.8
176.8

105.9
106.3
112.2
115.8

-8.5

118.0
121.6
121.5
121.3
125.8
135.0
137.5
141.6
150.0
142.1
139.5
136.9
137.2
138.3
138.5
135.2

23.3
14.2
17.5

-11.9

7.4

330.8
339.5
349.3
353.5
372.1
367.9
371.3
376.0
407.6
407.5
418.1
418.9

180.0
186.1
188.3
185.4
183.7
189.7
195.1
200.7
205.2
210.4
217.8
222.7
236.4
245.9
255.0
265.0

-13.5
-10.4

2,596.8
2,601.4
2,626.1
2,640.5

1,559.6
1,566.1
1,582.0
1,587.6

169.9
162.0
166.3
166.0

641.9
647.2
651.7
649.4

747.9
756.9
764.0
772.2

449.5
435.9
435.1
431.4

275.0
276.8
279.2
275.8

1967: 1
II
Ill
IV

2,657.2
2,669.0
2,699.5
2,715.1

1,600.2
1,620.8
1,629.4
1,639.0

162.8
170.0
168.1
167.8

655.4
659.0
658.8
662.7

781.9
791.8
802.5
808.6

411.7
406.1
424.9
431.8

271.0
269.7
268.8
273.4

1968: 1
II
Ill
IV

2,752.1
2,796.9
2,816.8
2,821.7

178.2
182.0
189.4
188.5

675.5
683.0
692.9
692.7

819.2
831.9
842.9
853.8

433.0
447.0
442.3
438.0

1969: 1
II
Ill
IV

2,864.6
2,867.8
2,884.5
2,875.1

1,672.9
1,696.8
1,725.2
1,735.0
1,754.7
1,765.1
1,775.0
1,790.1

192.0
190.9
190.6
189.7

698.7
702,3
703.8
708.0

863.9
871.8
880.6
892.4

1970: 1
II
Ill
IV

2,867.8
2,859.5
2,895.0
2,873.3

1,800.5
1,807.5
1,824.7
1,821.2

185.2
187.3
188.2
174.2

714.6
714.0
718.0
722.3

1971:1
II
Ill
IV

2,939.9 1,849.9
2,944.2 1,863.5
2,962.3 1,876.9
2,977.3 1,904.6
3,037.3 1,929.3
3,089.7 1,963.3
3,125.8 1,989.1
3,175.5 2,032.1

193.0
197.8
203.3
211.5
215.9
220.9
225.7
238.3




95.6
96.1
95.3

173.8
176.1
171.7
171.4

1966: 1
II
Ill
IV

State
and
local

73.8

24.4

152.2
152.4
157.3
162.8

Federal

88.4
89.9
95.0

120.7
118.5
115.0
118.4
108.6
105.3
105.4

1965: 1
II
Ill
IV

Total

-7.6
-5.5

155

548.9
550.6
554.5
558.2
561.0
561.8
565.4
566.1
575.7
584.9
595.9
596.3
602.8
609.5
617.6
637.2

Imports

-21.8

13.6

164.8
151.6
124.1
174.2
199.3
202.0
226.2
225.2
222.7
214.2

Exports

.5
13.9
29.6

7.2
11.6

-15.9
2.6
18.5
16.3

21.3
14.9
16.7
11.2

-51.8
-21.8
-21 4
-25.0
-20.3
-20.5
-13.4
-10.4
-5.6
-1.2

-.9
-6.0
-6.7
-8.4
-7.8
-8.9

2.5
2.7
4.8
4.1
5.7

1.4
2.6
5.4
3.9
5.3

2.2
2.7
5.2
4.1
5.7

2,476.9
2,634.2
2,708.9
2,834.4
2,914.5
2,909.1
3,001.8
3,163.6
3,302.7
3,252.2

2,489.0
2,633.2
2,702.6
2,815.7
2,890.9

5.5
5.9
2.6
4.2
2.7

5.2
5.5
3.0
4.4
2.7

5.9
6.4
2.8
4.6
2.8

5.5
5.8
2.6
4.2
2.7

2,891.6
2,976.0
3,128.8
3,298.6
3,282.4

0
2.9
5.1
5.2
-.6

.7
2.3
5.1
4.7
—4

-.2
3.2
5.4
4.4

0
2.9
5.1
5.4
-.5

-.8
4.9
4.5
4.8
2.5

.6
3.7
4.3
4.8
3.2

-1.6

0
.9

-1.6

282.1
319.3
350.9
353.1
340.1

284.8
303.1
317.0
333.7
341.9

665.8
652.4
653.0
644.2
655.4

209.8
249.7
274.7
300.1
304.1

663.5
659.2
664.1
677.0
689.3
704.2
713.2
723.6
743.8
766.9
813.4
855.4
881.5
886.8
904.4

350.9
361.6
368.6
378.9
392.9
400.8
401.1
401.0
408.4
417.6
419.4
417.4
417.6
423.0
436.0
458.2
482.4
496.6
509.6
528.3
546.3
552.7

2,868.0
2,935.2
3,084.5
3,230.9
3,217.2

232.9
243.4
246.9
270.2
293.5
320.5
326.1
296.7
285.9
305.7
309.2
329.6
364.0
421.6
471.8
510.0
539.4

315.0
290.8
284.4
265.3
262.6
262.7
258.2
263.1
268.6
271.7

3,235.6
3,355.3
3,499.0
3,666.3
3,783.2
3,784.6
3,818.6
3,777.8
3,902.2
4,080.6
4,257.6
4,395.9
4,513.7
4,698.6
4,808.3
4,871.3
4,830.3

3,198.6
3,387.1
3,561.1
3,733.3
3,807.4
3,745.7
3,821.2
3,767.7
3,962.8
4,270.5
4,425.1
4,559.6
4,683.0
4,822.6
4,911.7

3,247.6
3,412.2
3,569.0
3,739.0
3,845.3
3,823.4
3,884.4
3,796.1
3,939.6
4,174.5
4,295.0
4,413.5
4,544.5
4,726.3
4,852.7

4,929.3
4,842.8

4,895.9
4,836.4

1 ,889.4
1,913.1
1,930.3
1 ,928.0
1,947.3
1,964.5
1,962.1
1,977.0

1 ,926.3
1 ,962.5
1,951.1
1,962.4

254.9
257.3
259.5
264.3

209.7
209.8
210.0
209.1
211.9
216.4
220.4
222.9

1,915.1
1,947.7
1,941.8
1 ,953.6
1 ,988.1
1,983.3
1,985.8
1,974.0

263.8
268.3
269.7
278.6

229.9
228.3
231.0
236.5

1,985.9
2,003.5
2,016.7
2,060.2

709

561.8
561.2
923

72.0
77.5
74.7

97.0
97.8
95.3

84.9
88.3
90.5
90.2

98.3
98.7
96.1
91.4

90.7
86.5
90.7
91.4

91.6
92.6
97.4
99.8

476.1
478.2
474.9
471.9
466.8
473.7
479.9
487.2
493.7
496.6
500.7
515.1

91.1
97.3
97.5
94.2

103.1
105.0
106.3
107.6
104.8
107.3
109.5
109.0
109.0
111.5
114.3
116.8
112.7
125.9
126.8
132.4

520.8
524.4
526.0
525.3
528.1
532.9
543.6
540.6
546.4
551.6
549.8
548.4
546.6
559.3
572.1
589.6

286.8
289.1
288.1
285.1
283.4
285.9
290.0
283.4
285.3
285.1
280.5
276.2
272.3
277.8
282.7
295.8

94.4

929.9
941.0

3.9
6.2
3.2
2.9
3.1
3.9
2.5
.8
-1.2

7.0
-1.4

2.3
7.4
-1.0

.4
-2.5

-1.1

3.3
4.6
4.3
3.2
2.7
4.1
2.3
1.3
-.8
5.1
3.6
-.5
4.1
3.6
-.5
3.1

5.9
5.1
4.8
2.0
2.0
-1.4

5.2
7.8
3.6
3.0
2.7
3.0
1.8
.4
-1.8

7.7
-2.3

2.3
5.8
-1.6

-.6
-3.4

-1.1

5.1
4.6
4.8
2.8
-.6
1.6
-2.3

3.8
6.0
2.9
2.8
3.0
4.0
2.7

.9
-1.2

7.0
-1.2

2.5
7.3
-1.0

.5
-2.4

3.4
5.9
6.0
8.4

1.8
3.6
2.7
8.9

3.3
7.0
6.1
8.7

3.5
5.7
6.0
8.4

234.0 2,080.5 2,115.7
235.3 2,111.5 2,133.5
238.0 2,125.2 2,151.5
240.2 2,132.8 2,153.7
244.7 2,149.6 2,181.3
247.0 2,184.6 2,204.7
253.6 2,220.9 2,243.6
257.1 2,243.3 2,256.1
261.1 2,294.2 2,306.5
266.5 2,314.5 2,328.8
269.3 2,343.5 2,354.9
272.2 2,347.6 2,362.1
274.4 2,376.1 2,417.6
281.5 2,419.4 2,447.7
289.5 2,460.9 2,493.3
293.8 2,525.1 2,549.1
297.9 2,560.7 2,608.1
300.2 2.569.3 2,617.4
303.3 2,593.2 2,648.9
310.9 2,594.8 2,662.2

2,117.3
2,140.6
2,157.7
2,157.7
2,187.4
2,215.3
2,253.6
2,271.1

5.4
4.2
3.2
—4

4.0
6.1
2.6
1.4

6.0
3.4
3.4
.4

5.9
5.4
7.1
3.1

3.2
6.7
6.8
4.1

2,329.3
2,347.3
2,375.4
2,380.6
2,429.2
2,462.5
2,503.8
2,560.3

10.4

9.4
3.6
5.1
.7

5.2
4.4
7.2
2.2
9.2
3.9
4.6
1.2
9.7
5.1
7.7
9.3

5.3
4.5
3.2
0
5.6
5.2
7.1
3.1

2,613.9
2,618.5
2,642.8
2,657.9

8.6
.7
3.9
2.2

5.8
1.4
3.8
.2

9.6
1.4
4.9
2.0

8.6
.7
3.8
2.3

2,622.9
2,651.2
2,667.9
2,688.3
2,732.1
2,760.9
2,790.3
2,809.6

2,677.7
2,690.1
2,723.0
2,744.8

2.6
1.8
4.6
2.3

4.4
4.4
2.5
3.1
6.7
4.3
4.3
2.8

2.3
1.9
5.0
3.2

2.5
1.7
4.9
2.2

2,788.8
2,832.6
2,854.2
2,861.8

2,674.3
2,685.5
2,717.9
2,732.9
2,770.3
2,815.6
2,836.0
2,840.7

6.6
6.4
3.1
1.1

5.6
6.7
2.9
.7

2,835.8
2.844.1
2,856.3
2,856.6

2,903.5
2,912.0
2,927.7
2,914.8

2,883.6
2,886.0
2,901.7
2,892.3

6.2
.4
2.3

6.0
1.2
2.2

6.2
.3
2.2

2,862.8
2,851.1
2,880.6
2,877.3

2,903.8
2,893.4
2,929.4
2,909.7

2,885.6
2,877.9
2,913.1
2,889.7

3.8
1.2
1.7
0
c

2,908.0
2,920.5
2,940.3
2,971.8

2,973.8
2,993.0
3,009.3
3,031.1
3,098.5
3,146.7
3,179.7
3,229.4

2,959.8
2,965.4
2,981.3
2,997.5
3,058.4
3,110.5
3,148.4
3,197.8

-7.5
-5.0
-7.8
-5.3

36.1
32.1
32.9
45.7

-11.4
-16.0
-22.8
-21.7

125.2
124.3
125.5
127.9

136.5
140.3
148.3
149.6

599.0
615.4
631.8
643.2

301.1
315.3
328.5
332.3

34.3
17.8
31.6
26.8

-20.5
-21.1
-23.5
-29.7

280.9
275.5
277.7
286.4

138.4
127.0
122.9
109.9
106.4
118.6
124.4
131.6
132.2
135.6
138.1
139.6

20.0
36.0
26.5
12.1

151.6
150.6
151.8
161.0
170.9
173.2
183.6
183.1

665.8
663.2
668.7
673.9
682.9
688.7
686.7
688.8

351.8
347.7
352.0
352.2
356.4
355.9
350.3
349.7

466.2
460.6
471.0
447.4

293.1
293.8
300.9
297.7

144.3
143.2
141.9
131.3

28.9
23.7
28.2
18.5

-36.8
-35.7
-37.4
-40.1
-38.9
-44.1
-43.3
-39.8

131.0
129.5
128.3
131.3
134.2
137.6
146.2
142.9
128.4
154.5
153.1
155.0

167.3
198.6
196.3
194.8

682.6
686.3
681.7
677.3

342.2
343.5
339.3
335.4

326.5
332.8
336.4
339.1
340.4
342.7
342.4
342.0

900.7
906.2
918.5
924.7

431.8
423.6
439.4
424.1

131.9
122.8
129.5
143.2

5.1
8.4

-36.0
-33.9
-34.4
-36.4

157.3
163.3
161.3
163.2

193.3
197.1
195.7
199.6

671.5
662.2
665.3
664.4

724.0
724.9
724.2
729.4

932.9
940.8
949.4
963.7

5.4

-34.0
-48.8
-47.0
-53.8

162.5
162.7
171.0
151.4

978.5
989.6
1,001.6
1,019.8

18.4
24.2
33.1
14.4

-61.2
-57.0
-53.9
-54.0

169.5
166.5
173.9
185.0

196.5
211.5
218.0
205.2
230.7
223.5
227.8
239.0

656.1
653.3
650.4
649.7

734.9
752.7
761.7
774.0

467.8
476.2
482.0
476.8
511.3
527.4
542.1
547.8

294.9
292.5
295.5
284.9
284.9
286.2
285.8
290.3
299.7
306.1
311.4
329.1

326.3
315.1
310.9
307.5
297.7
292.7
289.3
283.6
290.7
290.6
280.3
275.8

345.2
347.1
354.3
356.9
358.4
360.7
361.1
366.1
367.2
365.4
368.2
373.7

657.9
656.0
648.5
649.5

1,990.3
1,982.1
1,979.3
1,962.3
1,978.2
2,012.0
2,041 .9
2,084.9

-.5
1.8
-2.2

-1.5

1,991.1
2,018.9
2,048.4
2,090.1

34.0
23.4
24.6
18.6

31.9
23.8
21.9

2.2
2.7
5.2
4.1
5.6

566.9
622.4
667.9
686.8
682.0

284.8
295.8
306.0
320.8
331.0
355.2
373.0
384.9
377.3
376.1
383.6
388.3
266.4
268.4
265.0
262.8

GNP

1 ,939.6
1 ,982.8
2,037.1
2,143.3
2,231.9
2,358.2

124.5
143.7
153.7
177.7
189.2
196.4
207.8
230.2
244.4
238.4

289.9
304.1
304.1
342.1
427.7
454.6
484.7
507.1
525.7
545.4

Final
Gross
sales of domesdomestic purtic prod- chases
uct

GDP

1 ,950.6
1 ,978.5
2,029.3
2,138.6
2,221.4
2,338.1

118.1
125.7
130.0
140.2
147.8
161.3
161.9
173.7
210.3
234.4

4.6
1.1
2.5
1.9

151.1
166.1
174.2
181.0
193.1
197.1
197.6
204.2

1,915.2
1,962.7
2,016.6
2,112.5
2,199.6
2,324.9
2,445.4
2,579.5
2,657.5
2,773.2
2,848.2

Gross
national
product

101.8
115.4

16.9
15.4
13.9
16.4

14.4
-4.0

Final
Gross
sales of domesdomes- tic purtic prodchases
uct

105.5
107.7
112.9

102.1
103.4
107.3
113.6
112.6
116.8
118.7
105.2
121.0
119.0
127.1

-5.2
-6.1
-1.6

Percent change from preceding
pe OQ

Government purchases

8.1
7.2

117.6
109.4
110.1
120.6
135.0
142.1

-9.3

116.7
119.1
120.1
125.0
127.3
129.7
131.3
133.0
137.8
140.6
144.8
139.4

1972: 1
II
Ill
IV

Net

1164

1,273.5
1,287.0
1,298.2
1,314.3
1,322.5
1,332.3
1,350.7
1,362.0
1,388.0
1,409.3
1,433.8
1,437.6
1,463.4
1,480.9
1,503.1
1,540.6

1963: I
II
Ill
IV
1964: 1
II
Ill
IV

CBI

194.8
170.2

2,103.8
2,125.7
2,142.6
2,140.2
2,170.9
2,199.5
2,237.6
2,254.5
2,311.1
2,329.9
2,357.4
2,364.0
2,410.1
2,442.8
2,485.5
2,543.8

1962: 1
II
Ill
IV

Residential

Net exports

313.9
315.5
316.7
321.7

3,018.9
3,065.5
3,092.7
3,161.0

3.3
4.8
1.1
8.0
5.5
7.2
9.7

5.6
6.7
2.9
.7

-1.3
-1.0
-1.2

5.1
-3.0

4.9
7.5
7.0
10.9

-i!e
4.2
_ E

10.7

3.1
4.9
.9
8.4
5.6
6.9
9.3

-1.8

-1.3

-1.5
-1.4

-1.1

5.1
—2 7

-3.2

9.6
.6
2.5
2.0

4.3
1.7
2.7
4.4

9.1
2.6
2.2
2.9

8.3
7.1
4.8
6.5

6.5
6.3
3.6
9.1

9.2
6.4
4.3
6.4

-.9
5.0
10.1

.8
2.2
2.2
8.4
7.0
5.0
6.4

SURVEY OF CURRENT BUSINESS

September 1992 • 43

Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

1982: 1
||
III
IV
1983: 1
II
III
IV
1984: 1
II
Ill
IV
1985: 1
II
Ill
IV
1986: 1
II
Ill
IV
1987: I
II
Ill
IV
1988: I
II
Ill
IV

3,253.3
3,267.6
3,264.3
3,289.1
3,259.4
3,267.6
3,239.1
3,226.4
3,154.0
3,190.4
3,249.9
3,292.5
3,356.7
3,369.2
3,381.0
3,416.3
3,466.4
3,525.0
3,574.4
3,567.2
3,591.8
3,707.0
3,735.6
3,779.6
3,780.8
3,784.3
3,807.5
3,814.6
3,830.8
3,732.6
3,733.5
3,808.5
3,860.5
3,844.4
3,864.5
3,803.1
3,756.1
3,771.1
3,754.4
3,759.6
3,783.5
3,886.5
3,944.4
4,012.1
4,089.5
4,144.0
4,166.4
4,194.2
4,221.8
4,254.8
4,309.0
4,333.5
4,390.5
4,387.7
4,412.6
4,427.1
4,460.0
4,515.3
4,559.3
4,625.5
4,655.3
4,704.8
4,734.5
4,779.7

1989: 1
II
Ill
IV

4,817.6
4,839.0
4,839.0
4,856.7

1990: I
II
Ill
IV

4,890.8
4,902.7
4,882.6
4,833.8
4,796.7
4,817.1
4,831.8
4,838.5

1973: 1
II
Ill
IV
1974: 1
II
Ill
IV
1975: I
||
III
IV
1976: 1
II
Ill
IV
1977: 1
II
Ill
IV
1978: 1
II
Ill
IV
1979: 1
II
Ill
IV
1980: I
II
III
IV
1981: I
II
Ill
IV

1991: 1
II
Ill
IV

2,063.9
2,062.0
2,073.7
2,067.4
2,050.8
2,059.0
2,065.5
2,039.9
2,051.8
2,086.9
2,114.4
2,137.0
2,179.3
2,194.7
2,213.0
2,242.0
2,271 3
2,280.8
2,302.6
2,331.6
2,347.1
2,394.0
2,404.5
2,421.6
2,437.9
2,435.4
2,454.7
2,465.4
2,464.6
2,414.2
2,440.3
2,469.2
2,475.5
2,476.1
2,487.4
2,468.6
2,484.0
2,488.9
2,502.5
2,539.3
2,556.5
2,604.0
2,639.0
2,678.2
2,703 8
2,741.1
2,754.6
2,784.8
2,824.9
2,849.7
2,893.3
2,895.3
2,922.4
2,947.9
2,993.7
3,012.5
3,011.5
3,046.8
3,075.8
3,074.7
3,128.2
3,147.8
3,170.6
3,202.9
3,203.6
3,212.2
3,235.3
3,242.0
3,259.5
3,260.1
3,273.9
3,248.0
3,223.5
3,239.3
3,251.2
3,249.0

Durable
goods

Nondurable
goods

253.4
248.2
245.9
239.0
230.9
233.5
235.3
209.1
214.6
218.5
233.3
240.7
254.0
254.4
256.2
261.0
2723
278.1
282.1
287.3
279.0
300.4
295.2
297.0
293.8
285.9
292.4
283.8
279.7
246.3
258.4
266.6
274.4
262.6
271.3
250.0
259.3
258.6
260.0
272.3
274.3
294.0
303.3
319.1
329.6
339.0
337.6
347.7
360.1
364.4
386.4
369.6
378.9
390.2
423.1
415.7
389.4
403.1
417.7
404.7
425.1
426.9
423.8
439.2
435.2
440.2
450.6
436.8
453.5
439.2
437.7
426.6
412.0
411:3
419.4
416.1

780.7
773.7
780.5
776.7
766.3
761.2
760.7
750.9
752.1
767.1
773.5
775.6
789.2
799.3
805.2
811.6
8178

815.7
816.7
829.2

833.5
840.9
848.0
856.9
860.5
856.6
863.5
870.8
869.2
857.4
855.3
859.9
867.3
868.6
867.9
868.1
867.6
867.7
872.7
880.7
885.2
893.8
907.1
915.2
9206
936.2
938.5
942.9
949.2
955.6
961.3
968.7
980.8
990.2
992.3
1,000.9
1,005.6
1,011.3
1,012.9
1,014.6
1,023.5
1,031.0
1,039.3
1,046.8
1,048.1
1,047.0
1,052.6
1,058.9
1,058.3
1,057.1
1,059.1
1,051.6
1,043.0
1,046.3
1,044.8
1,035.6

Services

1,029.7
1,040.1
1,047.3
1,051.6
1,053.6
1,064.3
1,069.5
1,079.9
1,085.0
1,101.3
1,107.6
1,120.6
1,136.1
1,141.0
1,151.6
1,169.4
1,181.2
1,187.0
1,203.8
1,215.1
1,234.6
1,252.8
1,261.3
1,267.7
1,283.6
1,292.8
1,298.7
1,310.9
1,315.6
1,310.4
1,326.6
1,342.8
1,333.8
1,344.9
1,348.2
1,350.6
1,357.1
1,362.6
1,369.8
1,386.2
1,396.9
1,416.1
1,428.6
1,443.9
1 ,453.6
1,465.8
1,478.6
1,494.2
1,515.5
1,529.8
1,545.6
1,557.1
1,562.8
1,567.5
1,578.3
1,595.8
1,616.5
1,632.4
1,645.2
1,655.5
1,679.6
1,690.0
1,707.5
1,716.9
1,720.3
1,725.1
1,732.2
1,746.3
1,747.7
1,763.7
1,777.1
1,769.8
1,768.5
1,781.8
1,787.0
1,797.4

Total

586.8
596.3
580.0
603.6
565.1
554.6
528.5
523.7
419.8
411.3
451.7
467.7
509.4
521.8
519.2
532.1
563.6
602.7
628.3
607.1
625.4
663.6
676.2
693.1
679.0
682.3
666.5
651.1
6504
577.5
544.3
605.5
643.8
627.0
644.5
609.1
553.9
559.5
545.0
503.5
519.7
588.0
620.8
669.5
739.9
760.6
773.1
756.4

732.6
748.4
739.6
763.1
776.4
746.3
711.7
705.9
729.3
735.7
738.4
793.8
756.9
769.4
782.2
785.0
802.9
794.5
769.0
769.5
763.0
770.2
743.1
680.0
646.0
649.5
672.0
676.9

Nonresidential

Residential

344.3
357.7
363.1
364.3
364.0
363.3
354.9
343.7
320.7
312.4
315.5
318.5
323.6
324.9
330.8
335.7
351.6
360.5
366.6
378.5
383.1
411.0
423.0
434.3
444.1
442.9
454.7
453.4
4577
430.7
428.2
434.7
444.9
450.9
461.6
462.5
453.6
440.1
424.8
417.2
403.1
407.6
423.0
449.6
463.7
487.2
500.4
509.6
518.8
525.8
517.2
525.5
513.2
500.1
492.5
495.5
481.1
490.7
508.6
510.6
517.7
531.4
535.2
538.8
539.5
542.2
541.8
536.7
544.8
535.6
542.9
529.3
507.0
503.0
498.7
492.1

211.2
200.5
192.1
182.6
169.3
161.5
156.0
135.6

31.3
38.1
24.8
56.7
31.9
29.8
17.6
44.4

-5.3
-4.5
-9.2

127.0
129.4
138.2
144.3
159.0
163.6
161.2
181.8
187.1
207.9
207.7
204.8
206.3
215.6
217.9
218.2

-28.0
-30.6

23.3
32.7
18.4
18.2

36.0
36.9
35.3
40.6

-27.8
-25.2
-22.5
-35.9
-46.8
-26.5
-26.9
-19.2

213.2
209.8
206.7
199.7

21.7
29.7

-17.3
-20.4

1856

150.4
153.4
170.0
166.2
160.2
147.3
132.5
124.8
120.8
119.5
131.2
150.1
170.5
185.7
190.6
196.4
202.4
199.7
198.8
199.0
198.9
202.7
207.4
215.0
228.0
231.3
230.5
225.7
227.7
224.3
223.3
220.0
222.0
223.5
225.3
222.2
215.4
211.2
208.0
210.7
201.8
189.1
177.5
164.1
166.9
172.6
177.3

CBI

-2.0

4.9
26.9
33.3
27.2
14.7
24.9
34.3
54.0
23.8

5.0
-2.0

7.1

Net

^9.7

-36.6
-26.1
-23.9

2.6

2.8
-6.2
-8.3

-13.7

-7.3

2.8

-37.2
.8

11.1
33.1
47.0
31.5

32.6
15.8
35.7
14.1

29.0
27.9
20.9
10.0

-3.6

-24.4
-1.5

.7
-44.9
-33.5
9.9
12.1
29.3
79.9
71.0
73.0
47.9
14.8
23.7
19.8
30.2
48.1
18.2

-12.0
-20.1
22.5
17.3

5.4
59.9
19.2
16.1
23.5
20.9
41.2
36.9
16.0
24.9

7.5
32.8
11.2

-26.8
-25.1
-20.4
.6
7.5

NOTE.—GDP=Gross domestic product; CBUChange in business inventories; GNP=Gross national product




Net exports

Gross private domestic investment

3.5
3.5
-17.7
-19.0
-28.0
-45.9
-67.0
-83.7
-108.4
-121.0
-127.2
-131.4
-127.1
-149.2
-149.6
-155.4

-143.1
-157.1
-164.3
-156.0
-150.0
-146.3
-139.8
-136.0
-113.4
-98.1
-101.9
-102.7
-79.8
-70.0
-77.5
-67.4
-58.4
-56.9
-59.3
-32.7
-17.9
-17.4
-31.6
-20.5

Exports

Imports

200.7
209.2
212.4
219.0
229.0
240.2
230.4
237.8
233.9
227.7
229.7
240.2
238.9
239.9
246.4
248.4
244.0
250.8
250.5
242.1
248.7
271.6
274.5
286.0
286.5
284.9
292.9
309.9

250.3
245.9
238.5
242.9
234.3
244.7
239.6
235.1
210.7
195.0
211.4
222.0
236.0
246.1
254.7
262.1
271.8
276.0
273.0
277.9
295.6
298.1
301.4
305.2
303.8
305.3
300.2
307.1

3196

3085
290.0
273.1
287.9
299.0
304.1
302.3
311.1

323.0
320.1
319.5
328.1
332.0
323.3
321.1
306.1
306.5
293.9
280.4
282.5
283.7
286.1
291.5
298.0
303.9
308.2
312.8
310.9
309.8
304.3
312.0
320.9
323.9
330.6
• 342.9
342.1
356.5
371.5
386.1
407.1
417.2
424.1
438.2
454.5
472.0
472.9
487.7
500.2
508.7
508.4
522.6
515.9
536.1
544.2
561.4

Percent change from preceding
neriod

Government purchases

302.6
302.9
311.5
299.4
310.5
329.5
353.1
375.1
406.3
424.9
435.4
444.2
438.1
459.0
454.0
467.4
464.0
480.9
494.9
498.9
492.1
502.7
511.3
522.1
520.5
515.2
526.1
540.9
534.3
541.9
550.5
555.0
558.6
565.6
567.7
555.3
533.8
553.5
575.8
581.8

Total

652.3
645.9
636.8
642.0
648.8
658.6
654.2
660.1
659.2
659.5
665.4
669.7
665.1
658.9
657.0
655.9
659.2
666.7
666.0
664.3
666.1
675.9
681.8
684.1
681.2
687.0
693.6
695.3
7047
707.9
701.9
702.2
712.2
713.4
711.7
715.5
714.7
719.2
724.6
735.9
735.3
740.4
751.5
748.1
754.1
763.3
766.0
784.3
791.5
805.8
825.7
830.5
834.9
850.6
871.6
864.8
869.1
879.0
884.9
893.0
883.7
885.6
883.7
894.5
890.8
902.3
912.2
912.6
926.8
929.4
924.8
938.5
945.1
945.6
940.2
933.1

Federal

276.9
270.0
256.8
257.7
260.0
264.0
260.1
266.2
262.0
261.5
262.6
264.6
258.6
258.1
257.7
258.2
2594
264.2
264.3
264.3
263.5
270.4
270.3
270.1
270.4
269.9
273.5
272.9
281.0
288.2
285.6
284.4
290.6
297.3
297.5
297.9
299.5
301.6
307.0
316.0
315.5
319.2
326.3
322.2
323.8
329.6
328.7
341.7
343.4
350.0
363.5
363.7
359.4
369.7
385.5
377.5
376.8
384.5
386.8
391.6
379.7
377.2
373.7
378.4
370.1
376.9
381.5
376.1

383.4
385.4
378.3
387.3
394.1
393.8
387.2
378.2

State
and
local

375.3
375.9
380.0
384.2
388.8
394.6
394.1
393.9
397.1
398.0
402.8
405.1
406.5
400.8
399.3
397.7
399.9
402.5
401.7
400.0
402.6
405.4
411.5
414.0
410.8
417.1
420.1
422.4
4237
419.7
416.2
417.8
421.6
416.2
414.2
417.5
415.2
417.6
417.6
419.9
419.8
421.2
425.3
425.9
430.4
433.7
437.3
442.6
448.1
455.8
462.2
466.7
475.4
480.9
486.0
487.3
492.3
494.6
498.1
501.4
503.9
508.3
510.0
516.1
520.7
525.4
530.7
536.5
543.4
544.0
546.5
551.2
551.0
551.8
553.0
554.9

Final
Gross
sales of domesdomes- tic purtic prod- chases
uct

3,222.0 3,303.0
3,229.5 3,304.2
3,239.6 3,290.4
3,232.4 3,313.0
3,227.6 3,264.7
3,237.8 3,272.1
3,221.4 3,248.3
3,182.0 3,223.7
3,181.9 3,130.7
3,221.0 3,157.7
3,251.8 3,231.5
3,287.7 3,274.4
3,329.8 3,353.8
3,335.9 3,375.4
3,353.7 3,389.3
3,401.6 3,430.0
3,441 5 3,494.1
3,4907 3,550.2
3,520.4 3,596.9
3,543.4 3,603.0
3,555.8 3,638.6
3,670.1 3,733.5
3,700.3 3,762.5
3,739.0 3,798.8
3,759.1 3,798.1
3,754.6 3,804.7
3,802.5 3,814.8
3,816.7 3,811.9
3,823.7 3,819.7
3,736.2 3,699.5
3.770.7 3,686.5
3,807.7 3,776.9
3,827.9 3,831.5
3,828.6 3,816.5
3,828.8 3,843.6
3,789.0 3,793.1
3,780.6 3,752.6
3,772.6 3,767.6
3,753.7 3,772.1
3,804.5 3,778.6
3,817.0 3,811.5
3,876.6 3,932.3
3,932.3 4,011.4
3,982.8 4,095.8
4,009.6 4,197.9
4,073.1 4,265.0
4,093.5 4,293.6
4,146.2 4,325.5
4,207.1 4,349.0
4,231.0 4,404.0
4,289:2 4,458.6
4,303.3 4,488.9
4,342.4 4,533.6
4,369.5 4,544.7
4,424.7 4,577.0
4,447.2 4,583.1
4,437.5 4,610.0
4,497.9 4,661.6
4,553.9 4,699.1
4,565.6 4,761.5
4,636.2 4,768.7
4,688.7 4,802.8
4,710.9 4,836.4
4,758.7 4,882.4
4,776.3
4,802.0
4,823.0
4,831.8
4,883.3
4,870.0
4,871.4
4,860.6
4,821.8
4,837.4
4,831.2
4,830.9

4,897.3
4,908.9
4,916.5
4,924.1
4,949.2
4,959.7
4,941.9
4,866.5
4,814.6
4,834.4
4,863.4
4,858.9

Gross
national
product

3,279.4
3,295.6
3,297.2
3,322.1
3,298.4
3,304.4
3,272.2
3,254.6
3,177.4
3,213.9
3,275.5
3,323.6
3,386.8
3,400.5
3,412.7
3,448.9
3 503.9
3i561.8
3,610.8
3,599.3
3,629.1
3,737.9
3,769.8
3,819.3
3,821.2
3,829.8
3,862.0
3,868.3
38846
3,782.3
3,780.5
3,846.2
3,901.6
3,882.8
3,904.9
3,848.5
3,793.0
3,810.3
3,789.4
3,791.7
3,816.5
3,916.7
3,978.8
4,046.6
4,119.1
4,169.4
4,193.0
4,216.4
4,238.1
4,270.5
4,321.8
4,349.5
4,406.4
4,394.6
4,422.3
4,430.8
4,463.9
4,517.8
4,563.6 ;
4,633.0
4,667.1
4,710.3
4,738.7
4,789.0
4,830.7
4,851 .6
4,853.4
4,875.1
4,907.8
4,915.5
4,898.9
4,861.4
4,822.0
4,831.8
4,843.7
4,848.2

GDP

10.2

1.8
-.4
3.1
-3.6

1.0
-3.4
-1.6

Final
Gross
sales of domesdomes- tic purtic prodchases
uct '
7.9
.9
1.3
-.9
-.6
1.3
-2.0
-4.8

9.4
.1
-1.7

2.8
-5.7

.9

4.8
5.8
3.4
2.6

2.8

1.4

4.0

-9.9

.1
8.3
5.6
-1.7

2.1
-6.2
-4.9

1.6
-1.8

.6
2.6
11.3

6.1
7.0
7.9
5.4
2.2
2.7
2.7
3.2
5.2
2.3

13.5

3.3
4.2
2.2
-.5
5.2
1.5
.7
-8.8

3.7
4.0
2.1
.1
0
-4.1

-.9
-.8
-2.0

5.5
1.3
6.4
5.9
5.2
2.7
6.5
2.0
5.2
6.0
2.3
5.6
1.3
3.7
2.5
5.1
2.0

5.4
-.3
2.3
1.3
3.0
5.1
4.0
5.9
2.6
4.3
2.5
3.9

-.9
5.6
5.1
1.0
6.3
4.6
1.9
4.1

3.2
1.8
0
1.5

1.5
2.2
1.8
.7

2.8
1.0
-1.6
-3.9
-3.0

1.7
1.2
.6

4.3
-1.1

.1
-.9
-3.2

1.3
-.5
0

.7

-9.2

6.0
6.9
5.7
-.8

3.1
4.8
.1
.4
2.5
.7
17

-2.8

-11.0
3.5
9.7
5.4
2.6
1.7
4.9
77
6.6
5.4
.7

13.5

2.0
.2
3.1

-3.8
-2.1

8.0
1.5
1.4
4.2

4.7
7.7
5.3

10.6

-2.9
-3.0

0
5.0
3.9
4.5
5.2
.7
2.2
5.8

-8.7

GNP

10.1

10.8

3.1
3.9
-.1
.7
1.1
-.3
.8
-12.0
-1.4
10.2

5.9
-1.6

2.9
-5.2
-4.2

1.6
.5
.7
3.5
13.3

8.3
8.7
10.4

6.5
2.7
3.0
2.2
5.2
5.1
2.7
4.0
1.0
2.9
.5
2.4
4.6
3.3
5.4

4.7
7.9
6.0
7.8
1.6
1.4
4.3
6.5
6.8
5.6
-1.3

3.4
12.5

3.5
5.4

.2
.9
3.4
.7
17
-10.1
-.2
7.1
5.9
-1.9

2.3
-5.7
-5.6

1.8
-2.2

.2
2.6
10.9

6.5
7.0
7.4
5.0
2.3
2.3
2.1
3.1
4.9
2.6
5.3
-1.1

2.5
.8

.6
2.9
2.8
3.9

3.0
4.9
4.1
6.2
3.0
3.8
2.4
4.3

1.2
1.0
.6
.6

3.5
1.7
.1
1.8

2.1
.9

2.7
.6

-1.4
-6.0

-1.3
-3.0

-4.2

-3.2

1.7
2.4
-.4

.8
1.0
.4

SURVEY OF CURRENT BUSINESS

44 • September 1992

Table 3.—Price Indexes and the Gross Domestic Product Implicit Price Deflator
[Index numbers, 1987=100; quarterly data are seasonally adjusted]
Percent change from
preceding period

Fixed-weighted price indexes
Year and
quarter

Personal consumption expenditures

GDP
Total

Durable
goods

Nondurable goods

Government purchases

Fixed investment
Exports

Services

Total

Nonresidential

Imports
Total

Residential

Federal

Final sales
of domesState and
tic product

GDP IPD

FWPI

GDP

local

PCE

1959

30.4

54.4

31.4

23.9

25.0

24.6

28.6

21.5

25.6

1960

54.1

31.8
32.0
32.1
32.5
32.8

24.5
25.0
25.3
25.7
26.1

25.1
25.1
25.0
24.7
24.9

25.1
25.5
26.3
26.8
27.3

29.0
29.3
30.0
30.6
31.3

22.1
22.5
23.4
23.8
24.2

26.0
26.3
26.9
27.2
27.7

1.3
.8
.6
.9
1.1

25.5
26.4
27.2
28.6
30.6

27.9
29.0
30.2
31.8
33.7

32.0
32.8
33.9
35.6
37.4

24.8
26.0
27.4

28.4
29.4

1.0
1.8
2.6
3.8
3.8

36.2
38.6
41.1
43.7

40.2

1963
1964

30.8
31.1
31.3
31.6
31.9

1965
1966
1967
1968
1969

32.2
32.8
33.7
35.0
36.3

52.1
51.3
51.8
53.1
54.2

33.3
34.3
35.1
36.5
38.1

26.7
27.4
28.3
29.6
30.7

1970
1971
1972

37.9
39.5
40.8
42.7
46.7

55.1
56.7
57.1

39.9
41.1
42.4

32.4

31.7

57.8
61.0

45.3
51.3

34.3
35.9
37.4

33.5
35.5
38.6
42.7

50.5
53.3
56.7
60.7

66.0
69.1
71.7
75.2

55.3
57.5
60.8
64.7

43.7
46.9
50.5

54.6.

46.7
49.7
54.7
61.4

65.8

80.0

71.3

59.0

84.8
88.1
91.1

72.6
78.9
83.2
86.7
89.9

84.7
89.5
92.4
93.7
94.9

79.6
86.0
88.8
91.1
93.7

65.3
71.9
77.4
82.4
86.4

95.6
94.8
94.7

100.3

94.3
97.0

93.3
96.1

96.0
97.1

96.2
96.1

90.9
95.8

100.0
103.9
108.6

100.0
104.3
109.5

100.0
102.0
104.5

100.0
103.8
109.5

113.5
118.1

115.3
120.4

106.3
108.9

30.3
30.4

54.2
54.4
54.4
54.4

31.6

30.6
30.8
30.9
31.0

54.3
54.3
54.1

31.6
31.8

24.2
24.4

31.9

53.8

'32.0

24.6
24.8

31.1
31.1

53.9
53.9
53.9
53.7

32.0
31.9
32.0
31.9

24.9
24.9

31.3
31.3
31.4

53.5
53.4
53.3
53.1

32.0
32.1

||

31.4
31.5

53.0
53.0

III
IV

31.6
31.7

53.1
53.2

31.8
31.9
31.9
32.0

1965' I

1966' I

1961
1962

1973
1974
1975
1976
1977
1978
1979

.. ..

1980
1981
1982
1983
1984
1985
1986
1987
1988
1989

53.8
53.4
53.1
53.1

40.3

46.9

42.9
46.0
48.4
50.2

30.3
31.8
33.4

28.9
30.8
33.1
35.3
37.3
40.1
44.3

35.2
37.1
38.8
41.3
44.9

4.4
4.4
3.3
4.6
9.3

49.2
52.3
55.9
60.3
65.5

8.1
5.6
6.4
7.0
8.5

54.6
57.3
60.4
64.1

68.2

51.4
54.4
57.7
61.7
66.8

68.9

48.9
52.1
55.7
59.9
65.1

98.3
96.8

75.3
81.3
85.3
87.3
89.8

73.3
79.6
85.0
88.5
92.2

75.2
82.3
88.5
92.2
95.6

71.9
77.6
82.3
85.5
89.6

95.7
97.9

97.3
98.8

92.1
95.8

98.2
97.3

94.6
93.8

95.4

97.9
99.0

93.5
96.5

94.4

97.6

97.0

96.9

100.0
105.1
110.7

100.0
103.3
106.3

100.0
102.8
105.6

100.0
104.3
107.8

100.0
105.7
108.2

100.0
105.4
108.5

100.0
103.7
107.9

100.0
102.8
107.1

100.0
104.3
108.6

100.0
104.0
108.7

116.2
120.5

116.9
123.1

109.1
110.8

108.3
110.4

110.8
111.8

110.1
112.4

112.6
113.7

113.6
118.2

31.2
31.3
31.5

23.8

100.4

101.2

99.7

97.7
96.8

99.9

84.9'
88.2
91.2

71.7
78.9
83.8
87.2
91.0

10.3

3.9
3.4

8.6
5.4
4.3
3.7

100.0
103.9
108.5

3.5
2.8
3.1
3.9
4.4

3.8
3.0
4.1
4.3
4.9

113.2
117.8

4.5
4.0

5.3
4.4

94.4

112.5
116.5

112.0
116.7

112.9
116.4

24.9
25.0
25.0
25.0

24.4

28.4

24.5
24.6
24.7

28.5
28.7
28.7

21.3
21.4
21.5
21.6

25.6
25.7
25.8

1.0
1.8
1.4

25.0
25.1
25.1
25.1

24.9
25.0
25.2
25.3

28.8
28.8
29.2
29.2

21.9
22.0
22.1
22.3

26.0
26.0
26.1
26.0

.4
2.1
1.6
1.0

25.1
25.1
25.1
25.0

25.2
25.5
25.5
25.7

29.1
29.3
29.3
29.4

22.2

25.0
25.1

26.1
26.2
26.4

.8
-.1
.9

25.1
25.0
25.0

32.3

25.5

24.9

26.1
26.2
26.3
26.5

29.8
29.8
29.9
30.4

23.3
23.4
23.4
23.4

26.7
26.8

322

25.1
25.3
25.4

26.9
27.0

.5
1.4
.8
.8

32.3
32.4

24.9
24.8
24.5
24.7

26.7
26.7
26.8
27.0

30.5
30.6
30.5
30.9

23.7
23.7

32.5
32.6

25.6
25.7
25.8
25.9

27.1
27.1
27.2
27.4

.5
.6
1.6
1.2

53.3
53.1
53.0
52.8

32.8
32.8
32.8
32.9

26.0
26.1
26.2
26.3

24.4
24.8
24.9
25.4

27.1
27.3
27.4
27.5

30.9
31.2
31.4
31.5

24.1
24.2
24.3
24.4

27.5
27.6
27.7
27.9

1.6
.4
.8
1.0

32.1
32.2
32.3
32.3

52.8
52.5
52.0
51.3

33.1
33.3
33.4
33.5

26.5
26.6
26.7
26.9

25.3
25.4
25.3
26.0

27.6
27.7
28.0
28.3

31.6
31.7
32.1
32.4

24.5
24.7
24.8
25.1

28.2
28.3
28.5
28.7

1.3
1.2
.8
.2

32.5
32.7
33.0
33.2

51.1
51.2
51.4

33.9
34.1
34.4

25.7
26.5
26.4

28.6

51.5

34.6

27.0
27.2
27.5
27.8

32.5
32:8
32.9
33.1

25.5
25.8
26.2
26.5

29.0
29.3
29.5
29.9

2.0
2.8
3.2
3.0

33.3
33.5
33.8
34.1

51.5
51.6
51.9
52.4

34.8
34.9
35.3
35.5

28.0
28.2

27.0
27.0
27.2

29.8
30.0
30.3
30.8

33.4
33.7
34.0

26.9
27.2
27.5

30.0
30.1
30.4

34.6

27.8

30.8

1.7
2.1
3.6
3.5

34.5
34.8
35.1
35.5

52.7
52.9
53.2

35.9
36.3
36.7

29.1
29.4
29.7

28.2
28.4
28.4

37.1

30.0

29.5

35.0
35.3
36.0
36.4

28.3
28.7
29.0

53.6

31.2
31.5
32.0
32.5

31.2
31.6
32.0
32.4

4.2
4.0
3.8
3.7

35.7

37.4

30.2

30.1

32.8

36.6

29.9

32.7

36.1
36.5
36.8

53.8
54.2
54.3
54.6

37.9
38.4

30.5
30.7
31.2

33.3
34.0
34.5

36.9
37.8
38.2

30.5
31.0
31.6

33.2
33.7

38.8

30.5
30.9
31.3

34.0

2.9
4.4
4.1
4.4

1970' I

37.3
37.6
38.0
38.6

54.6
54.8
55.1
55.9

39.3
39.8
40.1
40.5

31.7
32.1
32.5
33.1

31.1
32.3
31.5
31.8

35.3
35.9
36.5
37.0

39.3
39.9
40.5
40.9

32.2
32.8
33.4

34.5
35.1
35.3
35.7

4.4
4.2
4.2
5.8

1971- 1

39.0
39.4

56.6
56.9
56.8

40.6
41.0
41.3

33.6
34.1

32.6
33.3
33.9
34.4

37.8
38.4

42.0
42.6
43.2

34.6
35.2

36.4

4.0
4.7
3.8
2.2

34.9
35.0
35.6

40.4

45.3

40.8
41.2

36.6

42.0

45.6
46.0
47.0

1990
1991

1959- |

||
III

30.5
30.6

IV
1960' I
||

Ill
IV
196V

I .
||

.

Ill
IV
1962- 1

||
III
IV

1963' I

1964' I

II
III
IV

II
III
IV
H
III
IV

1967' I

||
III
IV

1968' I

II
III
IV

1969' I

II
III
IV
||
III
IV

II
III
IV

31.1
31.1
31.2

23.9
24.0
24.1

28.5
28.7

56.5

41.6

34.6
35.0

II

40.4
40.7

56.9
57.1

42.0

35.4

HI
IV ..."'.

41.0
41.3

57.3
57.1

42.2
42.5
43.0

36.0
36.4

1972' I




39.8
40.0

35.7

26.9

27.7

28.9'
29.1
29.4

38.9
39.4

43.9

25.4

22.5
22.6
22.8

23.9
24.0

29.5

33.9

35.6
35.9
36.6
37.0
37.6
38.2

26.5

ZI
II

37.0
37.4
37.7
38.2
38.6
39.0
39.6

4.4
2.2
3.2
3.1

September 1992 •

SURVEY OF CURRENT BUSINESS

45

Table 3.—Price Indexes and the Gross Domestic Product Implicit Price Deflator—Continued
[Index numbers, 1987=100; quarterly data are seasonally adjusted]
Percent change from
preceding period

Fixed-weighted price indexes
Year and
quarter

Personal consumption expenditures

GDP
Total

1973' I . ...

Durable
goods

Fixed investment

Services

||

41.7
42.4

57.4
57.7

43.6
44.8

43.0
43.8

57.9
58.1

45.8
47.0

44.9
46.1
47.3
48.5

58.6
59.8
61.9
63.6

49.0
50.7

49.4
50.0
50.9
51.7

64.5
65.7
66.3
67.3

1976' I
If
Ill

52.3
52.8
53.7

68.1
68.7
69.4

IV

54.5
55.4
56.3
57.2
58.0

Total

Nonresidential

36.6
37.1

III
IV

III
IV •

19771 1
||

Ill
.
...

III ..

IV
1979: 1
II
III ... .

IV
1980: 1
||
Ill

.

IV
1981' I

II
III
IV

39.1
39.9
40.8
41.6

41.0
42.0
43.3
44.5

54.7
55.7

42.6
43.3
44.1

56.5

44.9

45.6
46.4
46.9
47.7

45.6
46.3
47.3
48.2

48.0
49.4

70.3

56.7
57.0
57.7
58.4

70.9
71.2
71.8
72.7

59.4
60.5
61.3
61.9

49.1
50.0
51.0
51.9

52.4

73.5
74.6
75.9
77.0

62.8
64.2
65.4
66.5

53.0
54.1
55.2
56.2

58.7
60.6
62.4
63.9

78.3
79.8
80.4
81.4

68.2
70.3
72.4

57.1
58.2
59.6
61.1

82.9
84.2
85.4

- 80.5

86.5

82,2

62.8
64.5
66.2
67.8

76.9
78.2
79.6
80.8

||

42.8
43.4

37.7
38.3

37.1
38.1
39.3
40.0

70.1
71.8
73.5
75.0

IV
1975: 1

II

Total

Residential

63.6
65.1
66.6
68.1

Ill

IV

Imports

58.9
60.2
61.3
62.3

1974- I
II

1978: 1

Government purchases
Exports

Non-

durable
goods

87.5
89.0

84.6
85.7

90.2
91.2

86.6

91.8
92.4

88.0
88.2
89.4

52.1
53.5
54.4

74.2
77.0
78.8

87.3

42.2
43.5
45.0
46.3

43.3
44.2
45.5
46,6

50.4

54.1

50.9
51.6
52.6

54.0
54.4
55.7

47.4
48.5
49.3
50.2

48.0
48.7
49.7

53.3
54.1
54.4

56.2
57.1
57.1

51.1
51.9
52.4

51.2
51.8
52.6

55.7

59.0

53.1

53.6

4.4
4.3
6.6
6.4

56.3
57.2

59.2
59.8
60.6
62.1

54.1

54.3
55.4
56.4
57.4

6.7
6.8
6.2
5.8

60.1
61.1
62.1
63.5

62.7
63.4

58.1
59.2
60.4
61.6

58,2
59.7
60.9
62.2

6.7
8.8
7.6
7.1

65.1
67.3
69.6
71.0

64.6
65.8
67.3
69.3

66.9
67.9
69.2
71.6

62.8
64.2
65.9
67.5

63.5
64.8
66.3
67.6

8.1
9.7
9.5
9.5

72.9
74.5
76.2
77.7

71.0
72.6
73.7

72.9
74.4

76.1

69.5
71,3
72.7
74.1

69.2
70.8
72.5
74.4

12.5
10.1

74.9
78.7

79.7
80.7

77.6
78.9
80.0

79.9
81.2
82.3

82.9

82.0

85.6

75.8
77.0
78.3
79.2

76.5
77.9
79.7
81.4

10.4

81.8

83.3
84.6

86.8
88,2

80.5
81.7

50.2
51.1

53.9
55.5
57.1

69.6
70.9
72.8
74.2

59.5

99.4

99.4

85.5
86.7

88.8
90.4

82.9
83.8

99.5
99.4
99.6

97.9
98.0
97.7
97.3

87.5
88.2
88.8
89.3

91.5
92.2
92.7
92.7

84.4
85.1
85.9
86.7

97.5
97.5
96.2
96.0

90.8
91.6
92.6
93.9

94.3
94.7
95.7
97.7

94.0
96.0

94.3
95.1
95.5
96.9

97.5
97.3
96.7
97.6

96.0
92.5
93.0
93.7

98.7
99.4

98.3
99.8

100.7

100.4
101.5

101.8
102.5
103.0
104.0

105.3
106.1
106.7
107.3

114.3
116.0
117.8
119.5
121.2
122.5
123.8
125.1

94.5
94.4
94.7
95.1

97.0
96.6
96.7
97.0

89.1
89.3
90.1
90.8

100.0
100.6

93.8
94.4

85.0
85.8
86.9
87.9

95.8
95.9
96.0
96.3

95.2
96.0
96.4
97.2

89.0
90.1
91.4
92.9

95.2
95.3
95.8
96.4

96.8
97.0
97.5
97.9

91.6
91.5
92.1
93.1

98.5
98.5
97.8
97.9

94.1
94.1

95.4
95.5
96.3
97.1

96.4
96.6
97.4
97.9

97.0
95.4
95.9
96.3

94.2
95.3
96.3
97.3

96.9
97.5
98.2

98.0
98.5
99.2
99.5

94.5
95.1
96.1
97.3

98.4
99.5

98.9
99,6

98.4

98.3
99.3

99.4
99.7

100.5
101.5

100.5
101.9

100.0
101.0

99.6
99.8
99.9

101.8
103.0
104.6
105.7

103.0
104.5
105.9
107.2

102.2
102.9
103.4
104.5

103.8
104.2
104.8
105.2

107.1
109.7
110.1
111.0

108.7
109.9
111.3
112.8

113.0
114.2
116.0
118.0

105.9
106.1
106.4
106.9

113.7
114.6
117.0
119.8

119.0
119.9
120.8
121.8

107.8
108.6
109.5
109.8

119.8
120.3
120.6
121.3

1984: 1
II
Ill
IV

90.0
90.6
91.4

94.5
94.9
95.0
95.2

93.0
93.4

92.3

88.9
89.5
90.3
91.0

1985: 1
II
Ill
IV

93.2
93.9
94.6
95.5

91.9
92.8
93.7
94.8

1986: 1
II
III
IV

96.0
96.6
97.3
98.0

1987: 1
II
Ill
IV

98.9
99.5

100.4
101.3

100.5
101.6

100.5
101.1

1988: 1
II
Ill
IV

102.2
103.3
104.7
105.6

102.3
103.6
105.0
106.2

100.9
101.5
102.4
103.3

1989' I
II
Ill
IV

106.9
108.2
109.2
110.1

107.5
109.1
110.0
111.2

1990: 1
II
|||
IV

111.6
112.9
114.2
115.3

1991:1
||
III
IV

116.7
117.7
118.6
119.3

89.7

92.0

99.6

64.3
65.9

84.1

10.8
11.0
10.7
10.1

8.1
4.8
7.2
6.6

50.5

55.1
56.1
57.4

103.4
101.7
100.3

97.8
97.6

89.7
90.9
91.7

50.6
51.5

101.0
100.9
100.1

86.9
86.9
87.3
88.0

93,1
93.3
93.9
94.5

83.5
84.3
85.4

82.3
83.4

9.2
9.0
6.9
7.5
6.1
4.7
3.7
6.3
4.2

86.3

84.3
85.0

4.3
5.3
4.1

87.1
87.8
88.5
89.4

86.0
86.6
87.5
88.4

3.6
3.1
3.7
3.8

3.1
4.6
4.7
4.2

88.2
89.2
90.1
91.1

90.1
90.7

89.7
90.6
91.6
92.3

3.3
2.7
3.6
3.7

3.5
2.7
3.3
3.4

97.0
97.6
97.6
99.4

92.2
93.2
93.9
94.9

93.2
94.0
94.7
95.6

93.3
94.0
94.6
95.5

3.9
3.3
3.0
3.8

4.2
3.8
3.8
4.8

97.1
97.3
97.7
98.3

99.1
99.0
99.0
99.0

95.5
95.9
96.7

96.1
96,6
97.3
98.0

96.0
96.5
97.2
98.0

2.2
2.4
2.8
3.1

2.7
.3
3.5
3.2

96.8
99.6

99.0
99.7

99.7

98.8
99.5

98.8

100.1
101.8

100.8
102.8

100.4
101.0

100.0
100.1
100.2

98.5
99.4

100,6
101.5

100.3
101.3

100.3
101.2

3.4
2.8
3.3
3.6

5.6
4.4
4.3
4.5

103.3
103.9
104.5
105.4

103.0
105.6
107.1
107.0

104.0
106.0
105.0
106.4

102.4
103.3
104.1
104.9

101.9
102.6
103.0
103.7

102.8
103.8
104.9
105.8

102.2
103.3
104.7
105.7

102.1
103,2
104.5
105.5

3.6
4.5
5.4
3.7

2.7
5.2
5.3
4.6

104.7
105.3
106.0
106.6

106.6
107.8
108.2
108.8

108.1
108.5
108.1
108.1

108.3
109.4
107.9
108.7

106.7
107.6
108.2
109.2

106.1
106.8
107.3
108.3

107.2
108.2
109.0
109.8

107,0
108.2
109.2
110.2

106.9
108.1
109.1
110,1

5.0
4.7
3.7
3.6

5.2
5.9
3.5
4.3

108.2
108.6
109.4
110.0

107.3
107.7
108.6
109.4

110.2
110.6
111.3
111.2

108.9
109.2
110.3
111.8

110.9
109.3
112.6
118.5

110.9
111.7
113.0
114.4

110.4
111.2
112.6
113.9

111.2
112.1
113.3
114.8

111.7
113.0
114.3
115.4

111.3
112.6
113.9
115.0

5.4
4.6
4.7
4.1

6.4
4.4
6.4
6.8

110.5
110.6
111.2
111.1

110.1
110.2
110.6
110.7

111.4
111.6
112.5
111.9

112.4
112.3
112.1
112.8

115.4
113.0
112.8
113.7

115.5
116.0
116.9
117.7

115.5
115.9
116.9
118.3

115.5
116.2
116.9
117.2

116.8
117.8
118.7
119.4

116.5
117.5
118.2
118.9

4.7
3.5
3.0
2.4

3.4
3.3
3.0
3.1

98.8

99.8
99.6

85.1
85.8
86.2

NOTE.—GDP=Gross domestic product; PCE=Personal consumption expenditures; IPD=lmplicit price deflator;
FWPI=Fixed-weighted price index.




58.1,

99.2
98.4

85.3
86.3
87.3
88.2

3.7
6.9
6.4
7.3

49.1
49.7

95.4
94.8
94.5
94.6

92.6
92.6

87.0
87.7
88.5
89.3

PCE

45.2
46.2
47.5
48.6

44.0
44.6

80.7
81.7
82.9
84.2

83.8
84.7

1983: 1
||
III
IV

GDP
40.1
40.8
41.6
42.6

101.5
100.4

81.8
82.5

FWPI

GDP IPD

39.0
39.8
40.4
41.1

96.1
95.6
95.4
95.4

83.4
84.3
85.4
86.3

Final sales
of domestic
product

47.6
48.0
48.8
49.2

75.5
76.6
78.2
79.6

1988: 1
II
til
IV

Federal

State and
local

100.3

99.8
99.3

97,8

91.5
92.3

99.5

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