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SURVEY OF CURRENT BUSINESS

September 1994

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Final" estimates for the second quarter of 1994.
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.) These
tables 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. For order information, write
to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or
call (202) 606-9700.
Tables containing the estimates for 1929-87 are available in the two-volume set National Income and Product
Accounts of the United States', see inside back cover for order information. For 1988-93, the complete official
time series of NIPA estimates can be found as follows:
1988

1989

1991-93

July 1992 SURVEY

Most tables
NIPA 's VOl 2
Tables 1 15, 1.16, and 7.15
Tables 3.15-3.20 and 9.1-9.6 . . .
Tables 7.1, 7.2, 7.3, and 8.1 .... Aug. 1994 SURVEY
Tables 7.4—7.12
Apr 1993 SURVEY

1990
Aug 1993 SURVEY
Sept 1993 SURVEY

July 1994 SURVEY

Sept. 1992 SURVEY
Aug. 1994 SURVEY
Apr. 1993 SURVEY

Sept. 1994 SURVEY
Aug. 1994 SURVEY
July 1994 SURVEY

Aug. 1994 SURVEY
Aug. 1993 SURVEY

Summary NIPA series back to 1929 are in this issue of the SURVEY. Errata to published NIPA tables appear in the
September 1992, April 1993, October 1993, and March 1994 issues. NIPA tables are also available, most beginning
with 1929, on diskettes or magnetic tape. For more information on the presentation of the estimates, see "A
Look at How BEA Presents the NIPA'S" in the February 1994 SURVEY.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

i. National Product and Income.
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
1992

1993

1993

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


II

1992

1994

III

I

II

1

IV

6,020.2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9
4,136.9 4,378.2 4,294.6 4,347.3 4,401.2 4,469.6 4,535.0 4,586.4
492.7 538.0 516.1 531.2 541.9 562.8 576.2 580.3
1,295.5 1,339.2 1,327.1 1,334.2 1,340.2 1,355.2 1,368.9 1,381.4
2,348.7 2,501.0 2,451.4 2,481.9 2,519.1 2,551.6 2,589.9 2,624.7
788.3

882.0

853.8

869.7

882.2

922.5

966.6 1,034.4

785.2
561.4
171.1

866.7
616.1
173.4

833.7
589.8
170.6

851.1
609.3
172.3

868.3
619.0
173.9

913.5
646.3
176.7

942.5
665.4
172.7

967.0
683.3
181.8

390.3
223.8

442.7
250.6

419.2
243.9

437.0
241.8

445.1
249.3

469.6
267.2

492.7
277.1

501.5
283.6

3.0

15.4
20.1
-4.7

20.1
21.6
-1.6

18.6
23.9
-5.3

13.9
24.2

9.0
10.7

24.1
22.3

67.4
60.4

-10.3

-30.3

-65.3

^-49.6

-63.3

-77.0

-71.2

-86.7

-97.6

638.1
668.4

659.1
724.3

646.8
696.4

660.1
723.5

649.0
726.0

680.3
751.4

674.2
760.9

704.5
802.1

-2.7

5.7

1.7

1.8

7.0

1,125.3 1,148.4 1,137.1 1,146.3 1,152.9 1,157.2 1,159.8 1,166.7
449.0
314.2
134.8
676.3

443.6
302.7
140.9
704.7

446.9
307.0
139.9
690.2

445.2
305.8
139.4
701.2

442.7
299.0
143.6
710.2

439.8
299.1
140.7
717.4

437.8
291.7
146.1
722.0

http://fraser.stlouisfed.org/from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes
Federal Reserve Bank of St. Louis

435.1
291.7
143.5
731.5

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

1994

1993

1993

II

III

IV

I

II

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1
3,349.5 3,458.7 3,417.2 3,439.2 3,472.2 3,506.2 3,546.3 3,557.8
452.6 489.9 472.5 483.7 492.7 510.8 521.7 522.2
1,057.7 1,078.5 1,070.0 1,074.3 1,081.7 1,088.0 1,098.3 1,104.3
1,839.1 1,890.3 1,874.8 1,881.2 1,897.8 1,907.4 1,926.3 1,931.4
725.3

819.9

789.2

806.2

821.8

804.6
591.6
147.7

770.7
560.3
147.2

787.3
581.0
147.3

808.8
597.9
147.5

862.5
851.7
627.2
148.7

898.9

722.9
525.9
149.8

873.4
643.6
144.1

950.9
891.7
657.9
151.0

376.2
196.9

443.9
213.0

413.0
210.4

433.7
206.3

450.3
211.0

478.5
224.5

499.4
229.9

506.9
233.8

2.5
-2.0
4.5

15.3
18.5
-3.2

18.5
19.7
-1.2

18.9
22.8
-3.9

13.0
20.9
-7.9

10.8
10.7
.1

25.4
22.1
3.3

59.2
51.7
7.5

-32.3
578.8
611.2

-73.9
602.5
676.3

-57.6
589.2
646.8

936.9
373.5
261.4
112.2
563.3

929.8
356.6
243.7
113.0
573.1

926.5

929.3

931.8

931.5

919.9

917.1

361.6
248.2
113.3
564.9

358.3
246.8
111.5
571.0

355.6
240.9
114.7
576.2

351.1
238.7
112.4
580.4

341.7
228.5
113.2
578.3

334.7
226.1
108.7
582.4

-69.3 -86.3
600.2 595.3
669.6 681.6

-82.2 -104.0 -111.8
625.2 619.6 643.9
707.4 723.6 755.6

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

SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product

September 1994 • J

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
1992

1993

1993

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

II

Seasonally adjusted at annual rates

1994

III

1992

6,020,2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9
6,017.2 6,327.9 6,215.8 6,281.4 6,345.4 6,469.2 6,550.6 6,622.5
67.4
24.1
15.4
3.0
9.0
13.9
18.6
20.1
2,295.0 2,405.8 2,369.6 2,396.2 2,395.8 2,461.6 2,513.2 2,561.2

Final sales
Change in business
inventories

2,292.0 2,390.4 2,349.6 2,377.6 2,381.9 2,452.6 2,489.1 2,493.7

Durable goods
Final sales
Change in business
inventories

955.6 1,041.0 1,006.1 1,034.4 1,041.7 1,081.9 1,118.7 1,137.6
968.6 1,032.4 999.1 1,030.6 1,026.8 1,072.9 1,098.2 1,099.4

Nondurable goods
Final sales
Change in business
inventories
Services 1

3.0

15.4

20.1

18.6

13.9

9.0

67.4

24.1

38.2
20.6
9.0
3.7
-13.0
14.9
6.9
8.6
1,339.4 1,364.8 1,363.6 1,361.8 1,354.0 1,379.7 1,394.5 1,423.5
1,323.4 1,358.0 1,350.4 1,347.0 1,355.1 1,379.7 1,390.9 1,394.3
16.0

6.7

13.1

14.8

-1.1

0

3.5

29.2

I
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1

.. .

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

3,227.2 3,405.5 3,350.4 3,383.1 3,429.3 3,459.3 3,503.8 3,555.4

Services 1

573.4

Structures

498.0

Structures

532.0

515.9

520.6

534.1

557.2

557.7

1993

1993

II

I

IV

II

1994

III

IV

II

I

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1
4,976.9 5,119.3 5,056.8 5,086.5 5,126.5 5,207.2 5,235.7 5,254.9
2.5

15.3

18.9

18.5

13.0

10.8

59.2

25.4

1,99.1.0 2,081.8 2,043.7 2,069.9 2,078.2 2,135.5 2,168.8 2,201.3
1,988.5 2,066.5 2,025.2 2,051.0 2,065.3 2,124.7 2,143.3 2,142.1
2.5

15.3

18.5

18.9

895.6
906.7

986.0
977.7

945.8
939.6

973.4
968.8

13.0

10.8

59.2

25.4

991.4 1,033.6 1,061.4 1,071.9
977.9 1,024.7 1,041.7 1,038.2

33.7
19.7
6.2
8.3
-11.2
8.9
13.5
4.6
1,095.4 1,095.8 1,098.0 1,096.5 1,086.8 1,101.9 1,107.4 1,129.4
1,081.8 1,088.8 1,085.7 1,082.2 1,087.4 1,100.0 1,101.7 1,103.9
25.5
5.7
7.0
13.6
1.9
-.6
14.3
12.3
2,549.3 2,597.6 2,584.7 2,588.5 2,606.1 2,611.2 2,625.8 2,635.8
439.0 455.1 446.9 447.0 455.1 471.3 466.5 476.9

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 thie 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]

[Billions of 1987 dollars]

Gross domestic product ...... 6,020.2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9

Gross domestic product

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

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

6381

668.4

6591

6468

724.3

696.4

6601

723.5

6490
726.0

6803
751.4

6742

7045

760.9

802.1

6,050.5 6,408.6 6,285.5 6,363.3 6,436.3 6,549.3 6,661.4 6,787.5

Equals: Gross domestic
purchases l

67.4

Less: Change in business
inventories

6,047.5 6,393.2 6,265.4 6,344.7 6,422.4 6,540.3 6,637.3 6,720.1

Equals: Final sales to
domestic purchasers 2

3.0 • 15.4

201

186

139

9.0

24.1

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.

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1
5788
611.2

6025
676.3

5892
646.8

6002
669.6

5953

6252

619 6

6439

681.6

707.4

723.6

755.6

5,011.6 5,208.4 5,132.9 5,174.7 5,225.8 5,300.2 5,365.1 5,425.8
2.5

15.3

18.5

189

13.0

108

592

254

5,009.2 5,193.1 5,114.4 5,155.8 5,212.8 5,289.4 5,339.7 5,366.6

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

6,020.2 6,343.3 6,235.9 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9
5,090.4 5,371.4 5,276.7 5,332.3 5,382.1 5,494.4 5,575.7 5,677.9

Nonfarm
4 996 1 52938 5171 8 52493 53223 5431 7 55247 56187
Nonfarm less housing .... 4,494.4 4,771.0 4,657.5 4,730.8 4,796.4 4,899.5 4,975.0 5,075.0
525.8 532.2 549.6 543.8
Housing
...... 501.7 522.7 5143 5185
83.2
792
87.1
773
654
Farm
85.6
75.3
794
-5.5
-16.5 -36.1 -24.0
8.8
5.7
Statistical discrepancy .
2.3
25.5
Households and institutions
Private households
Nonprofit institutions ...........

268.6

285.3

279J

283.4

286.9

291.0

295.7

300.1

10.1

10.8

10.6

10.7

10.8

10.9

11.1

11.3

258.4

274.5

269.1

272.7

276.1

280.0

284.5

288.8

Gross domestic
product

4,979.3 5,134.5 5,075.3 5,105.4 5,139.4 5,218.0
Business
4,258.7 4,409.4 4,352.0 4,380.4 4,413.3 4,491.7
Nonfarm
41706 43364 42553 43034 43538 44332
Nonfarm less housing .... 3,771.0 3,925.5 3,849.1 3,893.8 3,941.1 4,017.9
Housing
399.6 410.9 406.2 4096 4127 4153
75.7
723
Farm
71 0
80.8
640
720
7.3
1.9
21.0
4.7
Statistical discrepancy
-4.5 -13.5
Households and institutions
Private households
Nonprofit institutions

5,261.1 5,314.1
4,532.6 4,583.6
44861 4 521 3
4,070.6 4,103.5
4155

4178

759
-29.3

81 6
-19.3

208.5

215.6

212.2

215.0

217.0

218.1

220.1

222.5

8.8
199.8

9.0
206.5

9.0
203.2

9.0
206.0

9.0
208.0

9.0
209.1

9.1
211.0

9.2
213.3

General government

661.2

686.6

679.5

684.2

690.2

692.7

703.3

711.8

General government

512.0

509.6

511.2

510.0

509.1

508.2

508.4

508.0

Federal
State and local

199.5
461.7

203.6
483.0

2041

2036
480.6

2043
485.9

202.5
490.2

206.3
497.1

208.4
503.4

Federal
State and local

151 9
360.1

146.0
363.6

149.0
362.1

1469

1451

1432

363.1

364.0

365.1

141 9
366.5

1399
3681

Addendum:
Gross domestic business
product less housing

45842 4 844 0




475.4

Addendum:
Gross domestic business
product less housing

3,855.4 3,994.9

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