View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

SURVEY OF CURRENT BUSINESS

March 1995

7

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Final" estimates for the fourth quarter of 1994. Note: The NIPA estimates of
corporate profits for the fourth quarter will not be revised next month, because of a speedup in the availability
of key source data.
The selected set of 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
NTPA'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, 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 the February 1995 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 It—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

1993

1993

1994

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 . ..
;.;
Imoorts
Government purchases
Federal
National defense
Nondefense
State and local

1993

1994

IV

II

I

III

6,343.3 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2
4,378.2 4,628.4 4,401.2 4,469.6 4,535.0 4,586.4 4,657.5 4,734.8
538.0 591.5
541.9 562.8 576.2 580.3 591.5 617.7
1,339.2 1,394.3 1,340.2 1,355.2 1,368.9 1,381.4 1,406.1 1,420.7
2,501.0 2,642.7 2,519.1 2,551.6 2,589.9 2,624.7 2,659.9 2,696.4
882.0 1,032.9

882.2

922.5

966.6 1,034.4 1,055.1 1,075.6

866.7
616.1
173.4

980.7
697.6
182.8

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 1,020.8
709.1 732.8
184.6
192.0

442.7
250.6

514.8
283.0

445.1
249.3

469.6
267.2

492.7
277.1

501.5
283.6

524.5
283.4

540.7
288.0

15.4
20.1
-4.7

52.2
45.9

24.1
22.3

67.4
60.4

62.6
53.4

54.8
47.4

-65.3
659.1
724.3

13.9
24.2

9.0

-10.3

10.7
-1.7

-98.2

77.0

-71.2

718.7
816.9

649.0
726.0

680.3
751.4

6.4

9.2

7.4

-86.7

-97.6 -109.6

-98.9

674.2
760.9

704.5
802.1

730.5
840.1

765.5
864.4

1.8

7.0

1,148.4 1,175.3 1,152.9 1,157.2 1,159.8 1,186.7 1,188.8 1,185.8
443.6
302.7
140.9
704.7

437.3
292.3
145.0
738.0

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

444.3
300.5
143.8
744.5

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




431.9
285.3
146.6
753.8

1993

1994

III

IV

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

II

I

IV

III

IV

5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8
3,458.7 3,579.0 3,472.2 3,506.2 3,546.3 3,557.8 3,584.7 3,629.6
489.9 532.1 492.7 510.8 521.7 522.2 529.6 554.8
1,078.5 1,109.5 1,081.7 1,088.0 1,098.3 1,104.3 1,113.4 1,121.9
1,890.3 1,938.1 1,897.8 1,907.4 1,926.3 1,931.4 1,941.8 1,952.9
819.9

951.5

821.8

862.5

898.9

950.9

967.3

989.1

804.6
591.6
147.7

903.8
672.4
150.6

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

939.7
708.2
155.6

443.9
213.0

521.9
231.3

450.3
211.0

478.5
224.5

499.4
229.9

506.9
233.8

528.4
230.2

552.6
231.5

15.3
18.5

47.8
40.7

13.0
20.9
-7.9

10.8
10.7

25.4
22.1

59.2
51.7

57.1
47.4

49.4
41.7

-s.a

7.1

.1

3.3

7.5

9.7

7.7

-73.9 -110.0

-86.3

-82.2 -104.0 -111.8 -117.0 -107.1

602.5
676.3

657.0
766.9

595.3
681.6

625.2
707.4

929.8

922.8

931.8

356.6
243.7
113.0
573.1

337.6
226.7
110.9
585.2

355.6
240.9
114.7
576.2

619.6
723.6

643.9
755.6

666.5
783.5

697.9
805.0

931.5

919.9

351.1
238.7
112.4
580.4

341.7
228.5
113.2
578.3

917.1

932.0

922.2

334.7
226.1
108.7
582.4

343.5
233.0
110.5
588.5

330.4
219.1
111.3
591.8

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

SURVEY OF CURRENT BUSINESS

8 • March 1995

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
1993

1994

1993

III

Gross domestic
product
Final saies of domestic
product
Change in business
inventories
Goods 1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services1
Structures

Seasonally adjusted at annual rates

1994

I

IV

II

6,343,3 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2
6,327.9 6,686.2 6,345.4 6,469.2 6,550.6 6,622.5 6,729.1 6,842.4
15.4

52.2

13.9

9.0

24.1

67.4

54.8

62.6

2,405.8 2,584.7 2,395.8 2,461.6 2,513.2 2,561.2 2,606.2 2,658.1
2,390.4 2,532.4 2,381.9 2,452.6 2,489.1 2,493.7 2,543.6 2,603.3
15.4

52.2

13.9

9.0

24.1

67.4

54.8

62.6

1,041.0 1,153.6 1,041.7 1,081.9 1,118.7 1,137.6 1,170.0 1,188.1
1,032.4 1,118.8 1,026.8 1,072.9 1,098.2 1,099.4 1,125.8 1,151.8
8.6

34.8

14.9

9.0

20.6

38.2

36.3

44.1

1,364.8 1,431.1 1,354.0 1,379.7 1,394.5 1,423.5 1,436.3 1,470.0
1,358.0 1,413.6 1,355.1 1,379.7 1,390.9 1,394.3 1,417.8 1,451.5
6.7

17.4

-1.1

0

3.5

29.2

18.5

18.5

3,405.5 3,576.2 3,429.3 3,459.3 3,503.8 3,555.4 3,603.6 3,641.9
532.0

577.6

534.1

557.2

557.7

573.4

581.9

III

IV

III

597.3

1993

1994

1993

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

I

IV

II

III

IV

5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5.433.8
5,119.3 5,296.2 5,126.5 5,207.2 5,235.7 5,254.9 5,310.0 5,384.4
15.3

47.8

13.0

10.8

25.4

59.2

57.1

49.4

2,081.8 2,223.1 2,078.2 2,135.5 2,168.8 2,201.3 2,235.5 2,286.9
2,066.5 2,175.4 2,065.3 2,124.7 2,143.3 2,142.1 2,178.4 2,237.5
15.3

47.8

986.0 1,092.1
977.7 1,060.9
8.3

31.2

13.0

10.8

25.4

59.2

57.1

49.4

991.4 1,033.6 1,061.4 1,071.9 1,102.5 1,132.5
977.9 1,024.7 1,041.7 1,038.2 1,063.2 1,100.6
8.9

13.5

19.7

33.7

39.3

32.0

1,095.8 1,131.0 1,086.8 1,101.9 1,107.4 1,129.4 1,133.0 1,154.4
1,088.8 1,114.4 1,087.4 1,100.0 1,101.7 1,103.9 1,115.2 1,136.9
7.0

16.6

1.9

-.6

5.7

25.5

17.4

17.8

2,597.6 2,644.5 2,606.1 2,611.2 2,625.8 2,635.8 2,653.9 2,662.4
455.1

476.4

455.1

471.3

466.5

476.9

477.6

484.5

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 1
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers

6,343.3

[Billions of 1987 dollars]

6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2

659.1

718.7

649.0

680.3

674.2

704.5

730.5

765.5

724.3

8169

7260

751.4

760.9

802.1

840.1

864.4

6,408.6 6,836.6 6,436.3 6,549.3 6,661.4 6,787.5 6,901.3 6,996.1
15.4

52.2

13.9

9.0

24.1

67.4

62.6

54.8

6,393.2 6,784.4 6,422.4 6,540.3 6,637.3 6,720.1 6,838.7 6,941.3

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 2
domestic purchasers

5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8
6025

6570

5953

6252

6196

6439

6665

6979

676.3

766.9

681.6

707.4

723.6

755.6

783.5

805.0

5,208.4 5,454.0 5,225.8 5,300.2 5,365.1 5,425.8 5,484.0 5,540.9
15.3

47.8

13.0

10.8

25.4

59.2

57.1

49.4

5,193.1 5,406.2 5,212.8 5,289.4 5,339.7 5,366.6 5,426.9 5,491.5

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.

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
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

6,343.3 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2
5,371.4 5,723.2 5,382.1 5,494.4 5,575.7 5,677.9 5,771.8 5,867.2
5,293.8 5,669.2 5,322.3 5,431.7 5,524.7 5,618.7 5,710.7 5,822.6
4,771.0 5,118.4 4,796.4 4,899.5 4,975.0 5,075.0 5,159.7 5,264.1
5227 5507 5258 532.2 5496 543.8 551.0 558.5

753

849

87.0

65.4
-5.5

79.2

87.1

83.2

82.3

-30.9

-16.5

-36.1

-24.0

-21.1

-42.4

285.3

302.7

286.9

291.0

295.7

300.1

304.7

310.1

108
274.5

11 4
291.3

108
276.1

109
280.0

11 1
284.5

11 3
288.8

115
293.2

11.6

2.3

298.5

686.6

712.6

690.2

692.7

703.3

711.8

715.2

719,9

203.6
483.0

2062
506.4

204.3
485.9

202.5
490.2

206.3
497.1

208.4
503.4

205.4
509.8

204.7
515.2

48440




Gross domestic
product
Business
Nonfarrn
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

5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8
4,409.4 4,613.4 4,413.3 4,491.7 4,532.6 4,583.6 4,635.4 4,702.1
4 336.4 45561 43538 4,433.2 4,486.1 4,521.3 4,567.9 4,649.2
3,925.5 4,137.4 3,941.1 4,017.9 4,070.6 4,103.5 4,148.1 4,227.3
410.9
418.8 412.7 415.3 415.5 417.8 419.8 421.9
64.0
-4.5

72.0

75.9

81.6

84.4

86.9

-24.9

-13.5

-29.3

-19.3

-17.0

-34.0

215.6

223.0

217.0

218.1

220.1

222.5

223.8

225.6

90
206.5

92
213.7

90
208.0

9.0
209.1

9.1
211.0

9.2
213.3

9.3
214.5

9.3
216.2

509.6

507.6

509.1

508.2

508.4

508.0

507.9

506.1

146.0
363.6

138.8
368.8

145.1
364.0

143.2
365.1

141.9
366.5

139.9
368.1

137.9
369.9

135.5
370.6

71.0

1.9

3,994.9

82.2

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