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SURVEY OF CURRENT BUSINESS

February 1995

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Preliminary" estimates for the fourth 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 (61-54), 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 i.i5> 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, March 1994, and November 1994 issues. NIPA
tables are also available, most beginning with 1929, on diskettes. For more information on the presentation of
the estimates, see "A Look at How BEA Presents the NIPA'S" in this issue.
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]
S easonall y adjuste d at annual rates

SSeasonal y adjuste>d at ann ual rates

1993

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

19 34

19 93

1994

IV

I

II

1993
III

6,343.3 6,736.1 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,888.1
4,378.2 4,628.0 4,401.2 4,469.6 4,535.0 4,586.4 4,657.5 4,732.9
538.0 591.4 541.9 562.8 576.2 580.3 591.5 617.6
1,339.2 1,394.4 1,340.2 1,355.2 1,368.9 1,381.4 1,406.1 1,421.2
2,501.0 2,642.1 2,519.1 2,551.6 2,589.9 2,624.7 2,659.9 2,694.1
882.0 1,031.6

882.2

922.5

979.6
696.9
182.6

868.3
619.0
173.9

913.5
646.3
176.7

942.5
665.4
172.7

967.0
683.3
181.8

992.5 1,016.6
709.1 729.7
191.4
184.6

442.7
250.6

514.3
282.8

445.1
249.3

469.6
267.2

492.7
277.1

501.5
283.6

524.5
283.4

538.4
286.9

15.4
20.1

51.9
45.5

9.0

24.1
22.3

67.4
60.4

62.6
53.4

53.6
46.1

13.9
24.2

^.7

6.4

-10.3

10.7
-1.7

-65.3

-98.6

-77.0

-71.2

-86.7

-97.6 -109.6 -100.6

659.1
724.3

718.7
817.3

649.0
726.0

680.3
751.4

674.2
760.9

704.5
802.1

1.8

7.0

9.2

730.5
840.1

7.5

765.6
866.2

1,148.4 1,175.2 1,152.9 1,157.2 1,159.8 1,166.7 1,188.8 1,185.5
443.6
3027
140.9
704.7

437.3
2922
145.1
737.9

442.7
2990
143.6
710.2

439.8

437.8

435.1

2991

2917

2917

140.7
717.4

146.1
722.0

143.5
731.5

444.3
3005
143.8
744.5

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




431.8
2847
147.1
753.7

I

IV

II

III

IV

5,134.5 5,342.4 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,427.2
3,458.7 3,579.5 3,472.2 3,506.2 3,546.3 3,557.8 3,584.7 3,629.1
522.2 529.6 554.6
521.7
489.9 532.0 492.7 510.8
1,078.5 1,109.6 1,081.7 1,088.0 1,098.3 1,104.3 1,113.4 1,122.4
1,890.3 1,937.9 1,897.8 1,907.4 1,926.3 1,931.4 1,941.8 1,952.1
819.9

966.6 1,034.4 1,055.1 1,070.2

866.7
616.1
173.4

III

Gross domestic
product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic

19 34

19 93

1994

IV

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

950.4

821.8

862.5

898.9

950.9

967.3

984.6

804.6
591.6
147.7

903.0
671.9
150.4

808.8
597.9
147.5

851.7
627.2
148.7

873.4
643.6
144.1

891.7
657.9
151.0

910.2
680.0
151.6

936.6
705.9
155.0

443.9
213.0

521.4
231.1

450.3
211.0

478.5
224.5

499.4
229.9

506.9
233.8

528.4
230.2

550.9
230.6

15.3
18.5
-3.2

47.4
40.4

13.0
20.9
-7.9

10.8
10.7

25.4
22.1

59.2
51.7

57.1
47.4

48.1
40.4

7.0

.1

3.3

7.5

9.7

7.7

-110.6

-86.3

-82.2

104.0

111.8

117.0

109.6

602.5
676.3

656.9
767.5

595.3
681.6

625.2
707.4

619.6
723.6

643.9
755.6

666.5
783.5

697.8
807.4

929.8

923.0

931.8

931.5

919.9

917.1

932.0

923.0

3566
243.7
113.0
573.1

3378
226.6
111.2
585.2

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

343.5
233.0
110.5
588.5

331.2
219.0
112.3
591.8

-739

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

SURVEY OF CURRENT BUSINESS

1O • February 1995

Table 13,--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

Seasonally adjusted at annual rates
1993

1994

Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods l
Final sales
Change in business
inventories
,
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services l
Structures

1994

1993

I

IV

III

II

1993

1994

IV

III

6,343.3 6,736.1 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,888.1
6,327.9 6,684.2 6,345.4 6,469.2 6,550.6 6,622.5 6,729.1 6,834.5
67.4
53.6
62.6
9.0 24.1
13.9
51.9
2,405.8 2,583.4 2,395.8 2,461.6 2,513.2 2,561.2 2,606.2 2,653.2
2,390.4 2,531.5 2,381.9 2,452.6 2,489.1 2,493.7 2,543.6 2,599.6
15.4

67.4
53.6
62.6
9.0 24.1
13.9
15.4
51.9
1,041.0 1,151.8 1,041.7 1,081.9 1,118.7 1,137.6 1,170.0 1,180.7
1,032.4 1,117.9 1,026.8 1,072.9 1,098.2 1,099.4 1,125.8 1,148.3
32.4
44.1
38.2
14.9
9.0 20.6
33.8
8.6
1,364.8 1,431.7 1,354.0 1,379.7 1,394.5 1,423.5 1,436.3 1,472.4
1,358.0 1,413.6 1,355.1 1,379.7 1,390.9 1,394.3 1,417.8 1,451.3
21.1
29.2
-1.1
18.1
6.7
18.5
3.5
0
3,405.5 3,575.6 3,429.3 3,459.3 3,503.8 3,555.4 3,603.6 3,639.5
532.0 577.1 534.1 557.2 557.7 573.4 581.9 595.4

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

1994

1993
III

IV

I

II

III

IV

5,134.5 5,342.4 5,139.4 5,213.0 5,261.1 5,314.1 5,367.0 5,427.2
5,119.3 5,294.9 5,126.5 5,207.2 5,235.7 5,254.9 5,310.0 5,379.1
59.2
25.4
47.4
57.1 48.1
10.8
13.0
15.3
2,081.8 2,222.3 2,078.2 2,135.5 2,168.8 2,201.3 2,235.5 2,283.5
2,066.5 2,174.8 2,065.3 2,124.7 2,143.3 2,142.1 2,178.4 2,235.4
47.4
15.3
986.0 1,090.7
977.7 1,060.3

57.1
25.4 59.2
48.1
10.8
13.0
991.4 1,033.6 1,061.4 1,071.9 1,102.5 1,126.8
977.9 1,024.7 1,041.7 1,038.2 1,063.2 1,098.1

33.7
19.7
30.4
39.3 28.7
8.9
13.5
8.3
1,095.8 1,131.6 1,086.8 1,101.9 1,107.4 1,129.4 1,133.0 1,156.6
1,088.8 1,114.5 1,087.4 1,100.0 1,101.7 1,103.9 1,115.2 1,137.3

6
5.7
17.1
19.3
25.5
1.9
7.0
17.8
2,597.6 2,644.1 2,606.1 2,611.2 2,625.8 2,635.8 2,653.9 2,660.7
455.1 476.0 455.1 471.3 466.5 476.9 477.6 483.0

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

[Billions of 1987 dollars]

6,343.3 6,736.1 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,888.1
659.1

718.7

649.0

680.3

674.2

704.5

730.5

765.6

724.3

817.3

726.0

751.4

760.9

802.1

840.1

866.2

6,408.6 6,834.7 6,436.3 6,549.3 6,661.4 6,787.5 6,901.3 6,988.7
15.4

51.9

9.0

13.9

24.1

67.4

62.6

53.6

6,393.2 6,782.8 6,422.4 6,540.3 6,637.3 6,720.1 6,838.7 6,935.1

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.

5,134.5 5,342.4 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,427.2
Gross domestic product
Less: Exports of goods and
services
602.5 656.9 595.3 625.2 619.6 643.9 666.5 697.8
Plus: Imports of goods and
services
676.3 767.5 681.6 707.4 723.6 755.6 783.5 807.4
Equals: Gross domestic
!
5,208.4 5,452.9 5,225.8 5,300.2 5,365.1 5,425.8 5,484.0 5,536.8
ourchases .. . .
Less: Change in business
47.4
25.4
inventories
10.8
59.2
57.1
15.3
13.0
48.1
Equals: Final sales to 2
domestic purchasers ..... 5,193.1 5,405.5 5,212.8 5,289.4 5,339.7 5,366.6 5,426.9 5,488.7
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 ....
Housing
...
Farm
...
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

6,343.3 6,736.1 6,359.2
5,371.4 5,720.8 5,382.1
52938 5 661 6 53223
4,771.0 5,110.9 4,796.4
522.7 550.7 525.8
65.4
75.3
84.8
2.3 -25.6
-5.5
285.3 302.7 286.9
11.4
10.8
10.8
274.5 291.3 276.1
686.6 712.6 690.2
2036
483.0
4,844.0




2062
506.4

2043
485.9

6,478.1 6,574.7 6,689.9
5,494.4 5,575.7 5,677.9
5431 7 55247 5618.7
4,899.5 4,975.0 5,075.0
532.2 549.6 543.8
79.2
87.1
83.2
-16.5 -36.1 -24.0
291.0 295.7 300.1
11.3
10.9
11.1
280.0 284.5 288.8
692.7 703.3 711.8
2025
490.2

2063
497.1

2084
503.4

6,791.7 6,888.1
5,771,8
57107
5,159.7
551.0
82.3
-21.1

5,857.8
57922
5,233.7
558.5
86.7
-21.1

304.7
11.5
293.2
715.2
2054
509.8

310.2
11.6
298.5
720.1
2047
515.3

Gross domestic
product
Business
.
Nonfarm
Nonfarm less housing ....
Housina
Farm
Statistical discrepancy

5,134.5 5,342.4 5,139.4 5,218.0 5,261.1
4,409.4 4,611.6 4,413.3 4,491.7 4,532.6
43364 4 550 1 43538 44332 44861
3,925.5 4,131.3 3,941.1 4,017.9 4,070.6
410.9 418.8 412.7 4153 4155
71.0
821 640
720
759
1.9 -20.6
^.5 -13.5 -29.3
Households and institutions
215.6 223.0 217.0 218.1 220.1
Private households
9.2
9.0
9.0
9.0
9.1
Nonprofit institutions
206.5 213.8 208.0 209.1 211.0
General government
509.6 507.8 509.1 508.2 508.4
Federal
146.0 139.0 145.1 1432 141 9
State and local
363.6 368.8 364.0 365.1 366.5
Addendum:
Gross domestic business
product less housing
3,994.9

5,314.1 5,367.0 5,427.2
4,583.6 4,635.4 4,694.7
4521 3 45679 46250
4,103.5 4,148.1 4,203.1
4178 4198 4219
81 6
844
867
-19.3 -17.0 -16.9
222.5 223.8 225.7
9.2
9.3
9.3
213.3 214.5 216.3
508.0 507.9 506.8
1399 137.9 1361
368.1 369.9 370.7

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