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SURVEY OF CURRENT BUSINESS

October 1994

7

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Advance" estimates for the third 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:
1989

1990

1991-93

July 1992 SURVEY

Aug. 1993 SURVEY
Sept 1993 SURVEY

July 1994 SURVEY

1988

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

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 the September 1994 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

II
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

III

1992

1994

II

I

IV

6,020.2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,775,9
4,136.9 4,378.2 4,347.3 4,401.2 4,469.6 4,535.0 4,586.4 4,655.3
492.7 538.0 531.2 541.9
562.8 576.2 580.3 594.7
1,295.5 1,339.2 1,334.2 1,340.2 1,355.2 1,368.9 1,381.4 1,402.0
2,348.7 2,501.0 2,481.9 2,519.1 2,551.6 2,589.9 2,624.7 2,658.6
788.3

882.0

869.7

882.2

922.5

966.6 1,034.4 1,051.1

785.2
561.4
171.1

866.7
616.1
173.4

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

978.7
696.7
181.1

390.3
223.8

442.7
250.6

437.0
241.8

445.1
249.3

469.6
267.2

492.7
277.1

501.5
283.6

515.6
282.0

15.4
20.1
-4.7

18.6
23.9
-5.3

13.9
24.2

10.7

24.1
22.3

67.4
60.4

72.5
64.5

-30.3

-65.3

-63.3

638.1
668.4

659.1
724.3

660.1
723.5

3.0
-2.7

5.7

-10.3

9.0

7.0

7.9

1.7

1.8

-77.0

-71.2

-86.7

-97.6

-116.9

649.0
726.0

680.3
751.4

674.2
760.9

704.5
802.1

720.1
836.9

1,125.3 1,148.4 1,146.3 1,152.9 1,157.2 1,159.8 1,166.7 1,186.4
449.0
314.2
134.8
676.3

443.6
302.7
140.9
704.7

NOTE.—Percent changes
 from preceding period for


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

435.1
291.7
143.5
731.5

selected items in this table are shown in table 8.1.

442.9
297.8
145.1
743.5

1993

1993

II

III

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

III

1994

IV

II

I

III

4,979.3 5,134.5 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1 5,359.2
3,349.5 3,458.7 3,439.2 3,472.2 3,506.2 3,546.3 3,557.8 3,583.9
522.2 532.2
452.6 489.9 483.7 492.7 510.8 521.7
1,057.7 1,078.5 1,074.3 1,081.7 1,088.0 1,098.3 1,104.3 1,110.1
1,839.1 1,890.3 1,881.2 1,897.8 1,907.4 1,926.3 1,931.4 1,941.6
725.3

819.9

806.2

821.8

862.5

898.9

950.9

963.2

722.9
525.9
149.8

804.6
591.6
147.7

787.3
581.0
147.3

808.8
597.9
147.5

851.7
627.2
148.7

873.4
643.6
144.1

891.7
657.9
151.0

898.7
669.2
148.9

376.2
196.9

443.9
213.0

433.7
206.3

450.3
211.0

478.5
224.5

499.4
229.9

506.9
233.8

520.3
229.5

15.3
18.5
-3.2

18.9
22.8
-3.9

13.0
20.9
-7.9

10.8
10.7

25.4
22.1

59.2
51.7

64.5
56.0

-32.3

-73.9

-69.3

-86.3

-82.2

578.8
611.2

602.5
676.3

600.2
669.6

595.3
681.6

625.2
707.4

619.6
723.6

936.9

929.8

929.3

931.8

931.5

373.5
261.4
112.2
563.3

356.6
243.7
113.0
573.1

358.3
246.8
111.5
571.0

355.6
240.9
114.7
576.2

351.1
238.7
112.4
580.4

2.5
-2.0

4.5

.1

3.3

7.5

8.5

-104.0 -111.8 -118.3
643.9
755.6

659.2
777.5

919.9

917.1

930.3

341.7
228.5
113.2
578.3

334.7
226.1
108.7
582.4

342.6
230.8
111.7
587.8

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

SURVEY OF CURRENT BUSINESS

8 • October 1994

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
1992

1993

1993

II
Gross domestic
product
Final sales of domestic
product
,
Change in business
inventories

III

Seasonally adjusted at annual rates

1994

6,017.2 6,327.9 6,281.4 6,345.4 6,469.2 6,550.6 6,622.5 6,703.5
3.0

15.4

18.6

13.9

9.0

24.1

72.5

67.4

Goods l
Final sales
Change in business
inventories

2,295.0 2,405.8 2,396.2 2,395.8 2,461.6 2,513.2 2,561.2 2,603.8

Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services l

955.6 1,041.0 1,034.4 1,041.7 1,081.9 1,118.7 1,137.6 1,170.3
968.6 1,032.4 1,030.6 1,026.8 1,072.9 1,098.2 1,099.4 1,117.8

Structures

2,292.0 2,390.4 2,377.6 2,381.9 2,452.6 2,489.1 2,493.7 2,531.3
3.0

-13.0

15.4

8.6

18.6

3.7

13.9

14.9

9.0

9.0

24.1

20.6

72.5

67.4

52.6

38.2

1,339.4 1,364.8 1,361.8 1,354.0 1,379.7 1,394.5 1,423.5 1,433.5
1,323.4 1,358.0 1,347.0 1,355.1 1,379.7 1,390.9 1,394.3 1,413.6
16.0

6.7

14.8

-1.1

0

3.5

19.9

29.2

3,227.2 3,405.5 3,383.1 3,429.3 3,459.3 3,503.8 3,555.4 3,596.8
498.0

532.0

520.6

534.1

557.2

557.7

573.4

II

III

6,020,2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,775.9

575.3

1993

1993

1992

II

I

IV

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
Services1
Structures

III

1994

II

I

IV

III

4,979.3 5,134.5 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1 5,359.2
4,976.9 5,119.3 5,086.5 5,126.5 5,207.2 5,235.7 5,254.9 5,294.7
2.5

15.3

18.9

13.0

10.8

25.4

59.2

64.5

1,991.0 2,081.8 2,069.9 2,078.2 2,135.5 2,168.8 2,201.3 2,236.1
1,988.5 2,066.5 2,051.0 2,065.3 2,124.7 2,143.3 2,142.1 2,171.6
2.5

18.9

986.0
977.7

973.4
968.8

-11.2

,.

15.3

895.6
906.7

8.3

4.6

13.0

10.8

25.4

59.2

64.5

991.4 1,033.6 1,061.4 1,071.9 1,103.3
977.9 1 0247 1 041 7 1 0382 1 0571
13.5

8.9

19.7

33.7

46.2

1,095.4 1,095.8 1,096.5 1,086.8 1,101.9 1,107.4 1,129.4 1,132.8
1,081.8 1,088.8 1,082.2 1,087.4 1,100.0 1,101.7 1,103.9 1,114.6
13.6

7.0

-.6

14.3

1.9

5.7

18.3

25.5

2,549.3 2,597.6 2,588.5 2,606.1 2,611.2 2,625.8 2,635.8 2,649.7
439.0

455.1

447.0

455.1

471.3

466.5

476.9

473.3

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 2
domestic purchasers

6,020.2

[Billions of 1987 dollars]

6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,775.9

6381

6591

6601

6490

6803

6742

7045

7201

6684

724.3

723.5

726.0

751.4

760.9

802.1

8369

6,050.5 6,408.6 6,363.3 6,436.3 6,549,3 6,661.4 6,787.5 6,892.8

30

154

186

139

90

24.1

67.4

725

6,047.5 6,393.2 6,344.7 6,422.4 6,540.3 6,637.3 6,720.1 6,820.3

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases l
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers

4,979.3

5,134.5 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1 5,359.2

5788

6025

6002

5953

6252

619.6

6439

659.2

611.2

676.3

669.6

681.6

707.4

723.6

755.6

777.5

5,011.6 5,208.4 5,174.7 5,225.8 5,300.2 5,365.1 5,425.8 5,477.5

25

15.3

18.9

13.0

10.8

25.4

59.2

64.5

5,009.2 5,193.1 5,155.8 5,212.8 5,289.4 5,339.7 5,366.6 5,413.0

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.

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
Nonfarrn
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy

6,020.2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,775.9
5,090.4 5,371.4 5,332.3 5,382.1 5,494.4 5,575.7 5,677.9 5,756.3
49961 52938 52493 53223 5431 7 55247 56187 56993
4,494.4 4,771.0 4,730.8 4,796.4 4,899.5 4,975.0 5,075.0 5,148.4
501 7 522.7 518.5 525.8 532.2 549.6 543.8 551.0
87.1

83.2

80.9

2.3

5.7

65.4
-5.5

79.2

8.8

-16.5

-36.1

-24.0

-24.0

Households and institutions
Private households
Nonprofit institutions
General government

268.6

285.3

283.4

286.9

291.0

295.7

300.1

304.6

101
258.4

108
274.5

107
272.7

108
276.1

109
280.0

11 1
284.5

113
288.8

11 5
293.1

661.2

686,6

684.2

690.2

692.7

703.3

711.8

715.0

Federal
State and local
Addendum:
Gross domestic business
product less housing ......

199.5
461.7

203.6
483.0

203.6
480.6

204.3
485.9

202.5
490.2

206.3
497.1

208.4
503.4

205.5
509.5

85.6

75.3

4,584.2 4,844.0




77.3

Gross domestic
oroduct
Business
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

4,979.3 5,134.5 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1 5,359.2
4,258.7 4,409.4 4,380.4 4,413.3 4,491.7 4,532.6 4,583.6 4,627.2
41706 43364 4,303.4 4,353 8 44332 44861 4,521.3 4,563.5
3,771.0 3,925.5 3,893.8 3,941.1 4,017.9 4,070.6 4,103.5 4,143.7
415.3 415.5 417.8 419.8
399.6 410.9 409.6 412.7
71.0

75.9

81.6

82.9

1.9

4.7

64.0
-4.5

72.0

7.3

-13.5

-29.3

-19.3

-19.3

208.5

215.6

215.0

217.0

218.1

220.1

222.5

223.7

8.8
199.8

9.0
206.5

9.0
206.0

9.0
208.0

9.0
209.1

9.1
2110

9.2
213.3

9.3
214.4

512.0

509.6

510.0

509.1

508.2

508.4

508.0

508.2

151.9
360 1

146.0
3636

146.9

145.1
3640

143.2

141.9
3665

139.9

138.7
369.5

80.8

3,855.4 3,994.9

72.3

3631

3651

3681

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