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SURVEY OF CURRENT BUSINESS

.12

November 1994

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Preliminary" 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 (sE-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 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, and in this issue (on page 34.)
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]

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
Imoorts
Government purchases
Federal
National defense
Nondefense
DigitizedState FRASER
for and local

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1992

1993

1993

II

III

1992

1994

IV

II

I

4,136.9 4,378.2 4,347.3 4,401.2 4,469.6 4,535.0 4,586.4 4,658.1
492.7 538.0 531.2 541.9 562.8 576.2 580.3 592.3
1,295.5 1,339.2 1,334.2 1,340.2 1,355.2 1,368.9 1,381.4 1,405.9
2,348.7 2,501.0 2,481.9 2,519.1 •2,551.6 2,589.9 2,624.7 2,659.9
788.3

882.0

869.7

882.2

922.5

966.6 1,034.4 1,054.2

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

992.6
709.6
185.2

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

524.4
282.9

3.0

15.4
20.1
-4.7

18.6
23.9
-5.3

13.9
24.2

9.0

24.1
22.3

67.4
60.4

61.6
52.3

-30.3

-65.3

-63.3

-77.0

-71.2

-86.7

976

638.1
668.4

659.1
724.3

660.1
723.5

649.0
726.0

680.3
751.4

674.2
760.9

704.5
802.1

5.7

-10.3

10.7
-1.7

1.8

7.0

9.3
1145

725.2
839.7

1,125.3 1,148.4 1,146.3 1,152.9 1,157.2 1,159.8 1,166.7 1,188.7
449.0
314.2
134.8
676.3

443.6
302.7
140.9
704.7

NOTE.—Percent changes from
http://fraser.stlouisfed.org/ preceding period for
Federal Reserve Bank of St. Louis

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.

444.4
300.5
143.9
744.3

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

1994

1993

II

6,020.2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,786.5

-2.7

1993

III

III

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 5,365.0
3,349.5 3,458.7 3,439.2 3,472.2 3,506.2 3,546.3 3,557.8 3,586.4
452.6 489.9 483.7 492.7 510.8 521.7 522.2 530.2
1,057.7 1,078.5 1,074.3 1,081.7 1,088.0 1,098.3 1,104.3 1,113.2
1,839.1 1,890.3 1,881.2 1,897.8 1,907.4 1,926.3 1,931.4 1,943.0
725.3

819.9

806.2

821.8

862.5

898.9

950.9

966.4

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

910.3
680.4
152.1

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

528.3
229.9

2.5

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

56.1
46.3

-2.0

4.5

.1

3.3

7.5

9.8

-32.3

-73.9

-69.3

-86.3

-82.2

1040

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

919.9

917.1

933.0

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

341.7
228.5
113.2
578.3

334.7
226.1
108.7
582.4

344.7
233.4
111.2
588.4

-111.8
643.9
755.6

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

1208

662.7
783.5

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

November 1994 • IJ

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

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

1994

1993

II

III

Seasonally adjusted at annual rates

I

IV

6,020.2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,786.5
6,017.2 6,327.9 6,281.4 6,345.4 6,469.2 6,550.6 6,622.5 6,724.9
3.0

15.4

18.6

13.9

9.0

24.1

67.4

61.6

2,295.0 2,405.8 2,396.2 2,395.8 2,461.6 2,513.2 2,561.2 2,606.9

Final sales
Change in business
inventories

2,292.0 2,390.4 2,377.6 2,381.9 2,452.6 2,489.1 2,493.7 2,545.3

Durable goods
Final sales
Change in business
inventories

955.6 1,041.0 1,034.4 1,041.7 1,081.9 1,118.7 1,137.6 1,171.9
968.6 1,032.4 1,030.6 1,026.8 1,072.9 1,098.2 1,099.4 1,128.3

Nondurable goods
Final sales
Change in business
inventories
Services 1

3.0

-13.0

15.4

8.6

18.6

3.7

13.9

14.9

9.0

9.0

24.1

20.6

67.4

61.6

43.6

38.2

1,339.4 1,364.8 1,361.8 1,354.0 1,379.7 1,394.5 1,423.5 1,435.1
1,323.4 1,358.0 1,347.0 1,355.1 1,379.7 1,390.9 1,394.3 1,417.1
16.0

6.7

14.8

-1.1

0

3.5

18.0

29.2

3,227.2 3,405.5 3,383.1 3,429.3 3,459.3 3,503.8 3,555.4 3,598.0
498.0

Structures

532.0

520.6

534.1

557.2

557.7

II

581.6

573.4

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

1994

1993

1993

1992

III

II

III

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 5,365.0
4,976.9 5,119.3 5,086.5 5,126.5 5,207.2 5,235.7 5,254.9 5,309.0
2.5

15.3

18.9

13.0

10.8

25.4

59.2

56.1

1,991.0 2,081.8 2,069.9 2,078.2 2,135.5 2,168.8 2,201.3 2,236.1

Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services 1
Structures

1,988.5 2,066.5 2,051.0 2,065.3 2,124.7 2,143.3 2,142.1 2,180.0
2.5

15.3

18.9

895.6
906.7

986.0
977.7

973.4
968.8

-11.2

8.3

4.6

13.0

10.8

25.4

59.2

56.1

991.4 1,033.6 1,061.4 1,071.9 1,103.9
977.9 1,024.7 1,041.7 1,038.2 1,065.2
13.5

8.9

19.7

33.7

38.7

1,095.4 1,095.8 1,096.5 1,086.8 1,101.9 1,107.4 1,129.4 1,132.2
1,081.8 1,088.8 1,082.2 1,087.4 1,100.0 1,101.7 1,103.9 1,114.8
13.6

7.0

-.6

14.3

1.9

5.7

17.4

25.5

2,549.3 2,597.6 2,588.5 2,606.1 2,611.2 2,625.8 2,635.8 2,651.4
439.0

455.1

447.0

455.1

471.3

466.5

476.9

477.6

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 l

6,020.2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,786.5
638.1

659.1

660.1

649.0

680.3

674.2

704.5

725.2

668.4

724.3

723.5

726.0

751.4

760.9

802.1

839.7

6,050.5 6,408.6 6,363.3 6,436.3 6,549.3 6,661.4 6,787.5 6,901.1

Less: Change in business
inventories
Equals: Final sales to
domestic purchasers2

[Billions of 1987 dollars]

3.0

15.4

18.6

13.9

9.0

24.1

67.4

61.6

6,047.5 6,393.2 6,344.7 6,422.4 6,540.3 6,637.3 6,720.1 6,839.4

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases 1
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers2

4,979.3 5,134.5 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1 5,365.0
5788

602.5

600.2

5953

625.2

619.6

643.9

6627

611 2

676.3

669.6

681.6

707.4

723.6

755.6

7835

5,011.6 5,208.4 5,174.7 5,225.8 5,300.2 5,365.1 5,425.8 5,485.9

25

153

189

130

108

254

592

561

5,009.2 5,193.1 5,155.8 5,212.8 5,289.4 5,339.7 5,366.6 5,429.8

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
Nonfarm
Nonfarm less housing ...
Housina
Farm
Statistical discrepancy
iivwwuig

Households and institutions

6,020.2 6,343.3 6,299.9 6,359.2 6,478.1 6,574.7 6,689.9 6,786.5
5,090.4 5,371.4 5,332.3 5,382.1 5,494.4 5,575.7 5,677.9 5,766.7
4,996.1 5,293.8 5,249.3 5,322.3 5,431.7 5,524.7 5,618.7 5,706.3
4,494.4 4,771.0 4,730.8 4,796.4 4,899.5 4,975.0 5,075.0 5,155.3
501 7 5227 5185
5258 5322 5496 5438 551 0
85.6

753

77.3

8.8

2.3

5.7

268.6

654
-5.5

79.2

87.1

83.2

82.2

-16.5

-36.1

-24.0

-21.7

285.3

283.4

286.9

291.0

295.7

300.1

304.6

Private households
Nonprofit institutions

10.1

10.8

10.7

10.8

10.9

11.1

11.3

11.5

258.4

274.5

272.7

276.1

280.0

284.5

288.8

293.2

General government

661.2

686.6

684.2

690.2

692.7

703.3

711.8

715.2

1995

2036
483.0

203.6
480.6

2043
485.9

2025
490.2

206.3
497,1

208.4
503.4

205.4
509.8

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

461.7

45842 48440




Gross domestic
product
Business

4,979.3 5,134.5 5,105.4 5,139.4 5,218.0 5,261.1 5,314.1 5,365.0
4,258.7 4,409.4 4,380.4 4,413.3 4,491.7 4,532.6 4,583.6 4,632.9

41706 43364 43034 43538 44332 44861 4521.3 45660
Nonfarm
Nonfarm less housing .... 3,771.0 3,925.5 3,893.8 3,941.1 4,017.9 4,070.6 4,103.5 4,146.1
409.6 4127
4153
415.5 417.8
4198
3996 4109
Housing
84.4
Farm
72.3
75.9
81.6
72.0
71.0
64.0
80.8
4.7
-17.5
-19.3
-13.5
-29.3
1.9
-4.5
7.3
Statistical discrepancy

Households and institutions

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
211.0

9.2
213.3

9.3
214.4

General government

512.0

509.6

510.0

509.1

508.2

508.4

508.0

508.4

Federal
State and local

151 9
360.1

146.0
363.6

146.9
363.1

145.1
364.0

143.2
365.1

141.9
366.5

139.9
368.1

369.9

Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing

38554 39949

1385

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