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SURVEY OF CURRENT BUSINESS 8 July 1995 NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: "Advance" estimates for the second quarter of 1995. 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: 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 . . . Aug. 1994 SURVEY Tables 7.1, 7.2, 7.3, and 8.1 Apr. 1993 SURVEY Tables 7.4—7.12 1989 1990 1991-93 July 1992 SURVEY 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, November 1994, and April 1995 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 IncomeTable 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 1993 1994 1994 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 Imoorts Government purchases Federal National defense Nondefense State and local II 1993 1995 III IV I 6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,011.8 4,378.2 4,628.4 4,535.0 4,586.4 4,657.5 4,734.8 4,782.1 4,838.3 538.0 591.5 576.2 580.3 591.5 617.7 615.2 615.1 1,339.2 1,394.3 1,368.9 1,381.4 1,406.1 1,420.7 1,432.2 1,444.3 2,501.0 2,642.7 2,589.9 2,624.7 2,659.9 2,696.4 2,734.8 2,778.9 882.0 1,032.9 866.7 980.7 616.1 697.6 173.4 182.8 966.6 1,034.4 1,055.1 1,075.6 1,107.8 1,087.4 942.5 967.0 992.5 1,020.8 1,053.3 1,054.0 665.4 683.3 709.1 732.8 766.4 777.4 172.7 181.8 184.6 192.0 198.6 204.0 442.7 250.6 514.8 283.0 492.7 277.1 501.5 283.6 524.5 283.4 540.7 288.0 567.8 286.8 573.4 276.5 15.4 20.1 -4.7 52.2 45.9 6.4 24.1 22.3 1.8 67.4 60.4 7.0 62.6 53.4 9.2 54.8 47.4 7.4 54.5 54.1 .4 33.4 38.0 -4.6 -65.3 -98.2 -86.7 -97.6 -109.6 -98.9 -111.1 -122.4 659.1 718.7 674.2 704.5 730.5 765.5 778.8 797.9 724.3 816.9 760.9 802.1 840.1 864.4 889.9 920.4 1,148.4 1,175.3 1,159.8 1,166.7 1,188.8 1,185.8 1,198.7 1,208.5 443.6 437.3 437.8 435.1 444.3 431.9 434.4 434.4 302.7 292.3 291.7 291.7 300.5 285.3 283.7 285.0 140.9 145.0 146.1 143.5 143.8 146.6 150.6 149.4 704.7 738.0 722.0 731.5 744.5 753.8 764.3 774.1 changes from preceding period for selected items in this table are shown in table 8.1. DigitizedNOTE.—Percent for FRASER 1994 1994 I 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 II 1995 III IV I II 5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,477.3 3,458.7 3,579.6 3,546.3 3,557.8 3,584.7 3,629.6 3,643.9 3,666.5 489.9 532.1 521.7 522.2 529.6 554.8 550.0 550.5 1,078.5 1,109.5 1,098.3 1,104.3 1,113.4 1,121.9 1,128.2 1,131.9 1,890.3 1,938.1 1,926.3 1,931.4 1,941.8 1,952.9 1,965.7 1,984.1 819.9 804.6 591.6 147.7 951.5 903.8 672.4 150.6 898.9 873.4 643.6 144.1 950.9 891.7 657.9 151.0 967.3 910.2 680.0 151.6 989.1 1,024.1 1,015.8 939.7 973.0 985.4 708.2 743.6 764.6 155.6 159.9 163.2 443.9 213.0 521.9 231.3 499.4 229.9 506.9 233.8 528.4 230.2 552.6 231.5 583.7 229.5 601.4 220.9 15.3 18.5 -3.2 47.8 40.7 7.1 25.4 22.1 3.3 59.2 51.7 7.5 57.1 47.4 9.7 49.4 41.7 7.7 51.1 49.1 2.0 30.4 32.9 -2.5 -73.9 -110.0 -104.0 -111.8 -117.0 -107.1 -118.5 -125.0 602.5 657.0 619.6 643.9 666.5 697.9 706.2 718.5 676.3 766.9 723.6 755.6 783.5 805.0 824.6 843.4 929.8 922.8 919.9 917.1 932.0 922.2 920.5 919.9 356.6 337.6 341.7 334.7 343.5 330.4 327.2 324.6 243.7 226.7 228.5 226.1 233.0 219.1 214.9 213.8 113.0 110.9 113.2 108.7 110.5 111.3 112.3 110.8 573.1 585.2 578.3 582.4 588.5 591.8 593.3 595.4 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. SURVEY OF CURRENT BUSINESS Jufyi995 Table 1.4.—Gross Domestic Product by Major Type of Product in Constant Dollars Table 1.3.—Gross Domestic Product by Major Type of Product [Billions of dollars] [Billions of 1987 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1993 1994 I Gross domestic product Final sales 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 Services l Structures 1995 1994 II III IV II I I 6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,011.8 6,327.9 6,686.2 6,550.6 6,622.5 6,729.1 6,842.4 6,922.9 6,978.4 15.4 52.2 24.1 67.4 62.6 54.8 33.4 54.5 2,405,8 2,584.7 2,513.2 2,561.2 2,606.2 2,658.1 2,692.6 2,676.5 2,390.4 2,532.4 2,489.1 2,493.7 2,543.6 2,603.3 2,638.1 2,643.1 15.4 52.2 24.1 67.4 62.6 54.8 33.4 54.5 1,041.0 1,153.6 1,118.7 1,137.6 1,170.0 1,188.1 1,223.0 1,200.9 1,032.4 1,118.8 1,098.2 1,099.4 1,125.8 1,151.8 1,175.0 1,172.7 8.6 34.8 20.6 38.2 44.1 36:3 28.2 48.0 1,364.8 1,431.1 1,394.5 1,423.5 1,436.3 1,470.0 1,469.6 1,475.6 1,358.0 1,413.6 1,390.9 1,394.3 1,417.8 1,451.5 1,463.1 1,470.3 6.7 17.4; 3.5 29.2 18.5 18.5 5.2 6.5 3,405.5 3,576.2 3,503.8 3,555.4 3,603.6 3,641.9 3,680.6 3,735.4 532.0 577.6 557.7 573.4 581.9 597.3 599.9 604.3 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 Services * Structures 1995 1994 1994 1993 II III IV II I 5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,477.3 5,119.3 5,296.2 5,235.7 5,254.9 5,310.0 5,384.4 5,419.0 5,446.9 15.3 47.8 25.4 59.2 57.1 49.4 51.1 30.4 2,081.8 2,223.1 2,168.8 2,201.3 2,235.5 2,286.9 2,319.4 2,310.6 2,066.5 2,175.4 2,143.3 2,142.1 2,178.4 2,237.5 2,268.3 2,280.3 15.3 47.8 25.4 59.2 57.1 49.4 51.1 30.4 986.0 1,092.1 1,061.4 1,071.9 1,102.5 1 132 5 1 170 6 1,166.9 977.7 1,060.9 1,041.7 1,038.2 1,063.2 1,100.6 1,127.2 1,141.4 8.3 31.2 19.7 33.7 39.3 32.0 43.4 25.5 1,095.8 1,131.0 1,107.4 1,129.4 1,133.0 1,154.4 1,148.7 1,143.8 1,088.8 1,114.4 1,101.7 1,103.9 1,115.2 1,136.9 1,141.1 1,138.9 7.0 16.6 5.7 25.5 17.8 i7.4 4.9 7.7 2,597.6 2,644.5 2,625.8 2,635.8 2,653.9 2,662.4 2,663.7 2,685.1 455.1 476.4 466.5 476,9 477.6 484.5 487.0 481.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. NOTE.—Percent ittanges 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] 6,343.3 Gross domestic product Less: Exports of goods and 6591 services Plus: Imports of goods and services 724.3 Equals: Gross1 domestic 6,408.6 purchases Less: Change in business 154 inventories Equals: Final sales to 2 domestic purchasers ..... 6,393.2 [Billions of 1987 dollars] 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,011.8 7187 674 2 7045 7305 7655 7788 7979 816.9 760.9 802.1 840.1 864.4 889.9 920.4 6,836.6 6,661.4 6,787.5 6,901.3 6,996.1 7,088.5 7,134.2 522 24 1 674 626 548 545 334 6,784.4 6,637.3 6,720.1 6,838.7 6,941.3 7,034.0 7,100.8 Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services . ... Equals: Gross1 domestic purchases Less: Change in business inventories Equals: Final sales to 2 domestic purchasers 5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,477.3 6025 6570 6196 6439 6665 6979 7062 7185 676.3 766.9 723.6 755.6 783.5 805.0 824.6 843.4 5,208.4 5,454.0 5,365.1 5,425.8 5,484.0 5,540.9 5,588.6 5,602.3 153 478 254 592 571 494 51 1 304 5,193.1 5,406.2 5,339.7 5,366.6 5,426.9 5,491.5 5,537.5 5,571.9 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 .... 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 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,011.8 5,371.4 5,723.2 5,575.7 5,677.9 5,771.8 5,867.2 5,933.8 5,958.3 5,293.8 5,669.2 5,524.7 5,618.7 5,710.7 5,822.6 5,904.5 5,929.6 4,771.0 5,118.4 4,975.0 5,075.0 5,159.7 5,264.1 5,339.4 5,357.2 522.7 550.7 549.6 543.8 551.0 558.5 565.1 572.4 753 849 871 832 823 870 879 873 -30.9 -36.1 -24.0 -21.1 -42.4 -58.6 -58.6 285.3 302.7 295.7 300.1 304.7 310.1 313.4 318.0 10.8 11.4 11.1 11.3 11.5 11.6 11.8 11.9 274.5 291.3 284.5 288.8 293.2 298.5 301.7 306.1 2.3 686.6 712.6 703.3 711.8 715.2 719.9 730.2 735.5 203.6 483.0 206.2 506.4 206.3 497.1 208.4 503.4 205.4 509.8 204.7 515.2 208.3 521.9 208.1 527.3 4,844.0 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 5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,477.3 4,409.4 4,613.4 4,532.6 4,583.6 4,635.4 4,702.1 4,737.7 4,744.3 4,336.4 4,556.1 4,486.1 4,521.3 4,567.9 4,649.2 46987 47063 3,925.5 4,137.4 4,070.6 4,103.5 4,148.1 4,227.3 4,274.8 4,280.4 4239 4259 410.9 418.8 415.5 417.8 419.8 421.9 822 858 71 0 759 81 6 844 869 846 1.9 -24.9 -29.3 -17.0 -34.0 •^6.8 -46.7 -19.3 215.6 223.0 220.1 222.5 223.8 225.6 226.5 9.0 2065 9.2 9.2 9.3 93 94 2137 9.1 211 0 2133 2145 2162 2171 2182 509.6 507.6 508.4 508.0 507.9 506.1 505.8 505.4 146.0 363.6 138.8 368.8 141.9 366.5 139.9 368.1 137.9 369.9 135.5 370.6 134.3 371.5 371 9 3,994.9 227.6 95 1336