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SURVEY OF CURRENT BUSINESS

August 1995

11

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Preliminary" 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

1989

1991-93

July 1992 SURVEY

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

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, 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 IncomeL
Table 1.1.—Gross Domestic Product

Table 1.2.—Gross Domestic Product in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]
cSeasonal y adjust*KJ at

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
Imports
Government purchases
Federal
National defense
Nondefense
State and local

II

~1993

1995

III

IV

4,378.2 4,628.4 4,535.0 4,586.4 4,657.5 4,734.8 4,782.1 4,847.9
538.0 591.5 576.2 580.3 591.5 617.7 615.2 619.1
1,339.2 1,394.3 1,368.9 1,381.4 1,406.1 1,420.7 1,432.2 1,446.6
2,501.0 2,642.7 2,589.9 2,624.7 2,659.9 2,696.4 2,734.8 2,782.2
882.0 1,032.9

966.6 1,034.4 1,055.1 1,075.6 1,107.8 1,092.2

866.7
616.1
173.4

980.7
697.6
182.8

942.5
665.4
172.7

967.0
683.3
181.8

992.5 1,020.8 1,053.3 1,057.5
709.1 732.8 766.4 779.8
184.6 192.0 198.6 204.8

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

574.9
277.7

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

54.5
54.1

34.7
35.6

1.8

7.0

9.2

7.4

.4

.9

-65.3

-98.2

-86.7

-97.6 -109.6

-98.9 -111.1 -122.3

659.1
724.3

718.7
816.9

674.2
760.9

704.5
802.1

765.5
864.4

730.5
840.1

778.8
889.9

796.4
918.7

1,148.4 1,175.3 1,159.8 1,166.7 1,188.8 1,185.8 1,198.7 1,207.0
443.6 437.3 437.8 435.1 444.3 431.9 434.4 432.9
302.7 292.3 291.7 291.7 300.5 285.3 283.7 284.8
140.9 145.0 146.1 143.5 143.8 146.6 150.6 148.1
704.7 738.0 722.0 731.5 744.5 753.8 764.3 774.1


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


II

I

6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,024.9

6.4

1994

1994

II

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

anr ual rates>
19 95

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 5,485.2
3,458.7 3,579.6 3,546.3 3,557.8 3,584.7 3,629.6 3,643.9 3,674.3
489.9 532.1 521.7 522.2 529.6 554.8 550.0 553.9
1 0785 1 1095 1 0983 1 1043 11134 1 121 9 1 1282 1 1339
18903 19381 1 926 3 1,931 4 1 941.8 19529 19657 19864
819.9

951.5

898.9

950.9

967.3

989.1 1,024.1 1,019.0

804.6
591.6
147.7

903.8
672.4
150.6

873.4
643.6
144.1

891.7
657.9
151.0

910.2
680.0
151.6

939.7
708.2
155.6

973.0
743.6
159.9

986.2
764.7
163.8

443.9

521.9
2313

499.4
2299

506.9
2338

528.4
2302

552.6

2130

2315

583.7
2295

600.9
221 5

25.4
22.1

59.2
51.7

57.1
47.4

33

75

15.3
18.5

-32

478
40.7

71

97

494

51 1

327

41.7

49.1

31.9

77

20

g

-73.9 -110.0 -104.0 -111.8 -117.0 -107.1 -118.5 -126.8

6025
676.3

6570
7669

6196

6439
755.6

6665
783.5

6979
805.0

7062
824.6

7168

723.6

Government purchases

929.8

922.8

919.9

917.1

932.0

922.2

920.5

918.7

Federal
National defense
Nondefense
State and local

3566
243.7
113.0
573.1

3376
226.7
110.9
585.2

341 7
228.5
113.2
578.3

334.7
226.1
108.7
582.4

343.5
233.0
110.5
588.5

3304
219.1
111.3
591.8

327.2
214.9
112.3
593.3

323.1
213.3
109.8
595.6

Exports
Imports

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

843.6

SURVEY OF CURRENT BUSINESS

12 • August 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 1987 dollars]

[Billions of dollars]

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1994

1994

1993

I

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
Services 1
Structures

II

1995

III

IV

I

II

I

6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,024.9
6,327.9 6,686.2 6,550.6 6,622.5 6,729.1 6,842.4 6,922.9 6,990.2
15.4

52.2

24.1

67.4

62.6

54.8

34.7

54.5

2,405,8 2,584.7 2,513.2 2,561.2 2,606.2 2,658.1 2,692.6 2,683.5
2,390.4 2,532.4 2,489.1 2,493.7 2,543.6 2,603.3 2,638.1 2,648.8
15.4

52.2

24.1

67.4

62.6

54.8

34.7

54.5

1,041.0 1,153.6 1,118.7 1,137.6 1,170.0 1,188.1 1,223.0 1,202.3
1,032.4 1,118.8 1,098.2 1,099.4 1,125.8 1,151.8 1,175.0 1,176.1
8.6

34.8

20.6

38.2

44.1

36.3

26.2

48.0

1,364.8 1,431.1 1,394.5 1,423.5 1,436.3 1,470.0 1,469.6 1,481.2
1,358.0 1,413.6 1,390.9 1,394.3 1,417.8 1,451.5 1,463.1 1,472.7
6.7

17.4

3.5

29.2

18.5

18.5

8.5

6.5

3,405.5 3,576.2 3,503.8 3,555.4 3,603.6 3,641.9 3,680.6 3,739.4
532.0

577.6

557.7

573.4

581.9

597.3

604.3

1994

1994

1993

602.0

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
Services1
Structures

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 5,485.2
5,119.3 5,296.2 5,235.7 5,254.9 5,310.0 5,384.4 5,419.0 5,452.5
15.3

47.8

25.4

59.2

57.1

49.4

51.1

32.7

2,081.8 2,223.1 2,168.8 2,201.3 2,235.5 2,286.9 2,319.4 2,314.4
2,066.5 2,175.4 2,143.3 2,142.1 2,178.4 2,237.5 2,268.3 2,281.7
15.3

47.8

25.4

59.2

57.1

49.4

51.1

32.7

986.0 1,092.1 1,061.4 1,071.9 1,102.5 1,132.5 1,170.6 1,165.2
977.7 1,060.9 1,041.7 1,038.2 1,063.2 1,100.6 1,127.2 1,140.0
8.3

31.2

19.7

33.7

39.3

32.0

43.4

25.1

1,095.8 1,131.0 1,107.4 1,129.4 1,133.0 1,154.4 1,148.7 1,149.3
1,088.8 1,114.4 1,101.7 1,103.9 1,115.2 1,136.9 1,141.1 1,141.7
7.0

16.6

5.7

25.5

17.8

17.4

7.6

7.7

2,597.6 2,644.5 2,625.8 2,635.8 2,653.9 2,662.4 2,663.7 2,687.9
455.1

476.4

466.5

476.9

477.6

484.5

487.0

482.9

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

6,343.3

[Billions of 1987 dollars]

6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,024.9

659.1

718.7

674.2

704.5

730.5

765.5

778.8

796.4

7243

8169

760.9

802.1

840.1

864.4

889.9

918.7

6,408.6 6,836.6 6,661.4 6,787.5 6,901.3 6,996.1 7,088.5 7,147.2
15.4

52.2

24.1

67.4

62.6

54.8

54.5

34.7

6,393.2 6,784.4 6,637.3 6,720.1 6,838.7 6,941.3 7,034.0 7,112.5

6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,024.9
5,371.4 5,723.2 5,575.7 5,677.9 5,771.8 5,867.2 5,933.8 5,971.6
5,293.8 5 669.2 5 524.7 5618.7 5,710.7 5,822.6 5,904.5 5,957.2
4,771.0 5,118.4 4,975.0 5,075.0 5,159.7 5,264.1 5,339.4 5,384.8
522.7 550.7 549.6 543.8 551.0
558.5 565.1 572.4

753

849

871

832

823

870

879

2.3

-30.9

-36.1

-24.0

-21.1

-42.4

-58.6

-72.0

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

284.5

288.8

293.2

298.5

301.7

306.1

291.3

86.4

686.6

712.6

703.3

711.8

715.2

719.9

730.2

735.3

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

2082

4,844.0




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

5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,485.2

6025

6570

6196

6439

6665

697.9

706.2

716.8

676.3

766.9

723.6

755.6

783.5

805.0

824.6

843.6

5,208.4 5,454.0 5,365.1 5,425.8 5,484.0 5,540.9 5,588.6 5,612.0
15.3

47.8

25.4

59.2

57.1

49.4

32.7

51.1

5,193.1 5,406.2 5,339.7 5,366.6 5,426.9 5,491.5 5,537.5 5,579.3

Table 1.8—Gross Domestic Product by Sector in Constant Dollars
[Billions of 1987 dollars]

Table 1.7.—Gross Domestic Product by Sector
[Billions of dollars]

274.5

l

5,134.5

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.
NoiE.-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.

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

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services

5271

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 5,485.2
4,409.4 4,613.4 4,532.6 4,583.6 4,635.4 4,702.1 4,737.7 4,752.2
4,336.4 4,556.1 4,486.1 4,521.3 4,567.9 4,649.2 4,698.7 4,725.6
3,925.5 4,137.4 4,070.6 4,103.5 4,148.1 4,227.3 4,274.8 4,299.7
410.9 418.8 415.5 417.8 419.8 421.9
423.9 425.9
71.0

82.2

75.9

81.6

84.4

86.9

85.8

83.9

1.9

-24.9

-29.3

-19.3

-17.0

-34.0

-46.8

-57.3

215.6

223.0

220.1

222.5

223.8

225.6

226.5

227.7

9.0
206.5

9.2
213.7

9.1
211.0

9.2
213.3

9.3
214.5

9.3
216.2

9.4
217.1

9.5
218.2

509.6

507.6

508.4

508.0

507.9

506.1

505.8

505.3

1460

1388

1399

1379

1355

1343

1335

363.6

368.8

141 9
366.5

368.1

369.9

370.6

371.5

371.8

3,994.9

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