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D-2 • National Data

SURVEY OF CURRENT BUSINESS

June 1997

National Data
A. Selected NIPA Tables
The tables in this section include the most recent estimates of gross domestic product and its components;
these estimates were released on May 30, 1997 and include the "preliminary" estimates for the first quarter of
1997The 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. For a guide to which issues of the SURVEY OF
CURRENT BUSINESS contain the "annual only" NIPA tables, see the headnote to "Revised and Newly Available
NIPA Estimates, 1991-95" in the May SURVEY.
The selected NIPA tables are available electronically on the day of the gross domestic product (GDP) news
release by subscription from STAT-USA'S Economic Bulletin Board and Internet services; for information, call
(202) 482-1986. The tables are also available on printouts or diskettes; for subscription information, write to
the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or call
(202) 606-9700.

i. National Product and IncomeTable 1.1.—Gross Domestic Product

Table 1.2.—Real Gross Domestic Product

[Billions of dollars]

[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1995

1996

1995

IV
Gross domestic product
Personal consumption
exoenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
presidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Net exports of goods and
services
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
. .
State and local

1997

1996

I

II

III

IV

7,253,8 7,576.1 7,350.6 7,426.8 7,545.1 7,616.3 7,716.1 7,867.7
4,924.9 5,151.4 4,990.5 5,060.5 5,139.4 5,165.4 5,240.3 5,337.3
606.4 632.1 612.8 625.2 637.6 630.5 635.2 659.5
1,485.9 1,545.1 1,494.2 1,522.1 1,544.7 1,546.5 1,566.8 1,594.9
2,832.6 2,974.3 2,883.5 2,913.2 2,957.1 2,988.5 3,038.3 3,082.9
1,065.3 1,117.0 1,064.0 1,068.9 1,096.0 1,156.2 1,146.6 1,207.3
1,028.2 1,101.5 1,046.2 1,070.7 1,088.0 1,119.6 1,127.8 1,149.9
738.5 791.1 749.7 769.0 773.8 807.0 814.5 831.4
199.7 214.3 204.0 208.4 207.4 213.5 227.8 232.5
566.3
314.2

593.5
312.6

586.7
313.3

598.9
318.6

36.6

18.8

57.3

538.8
289.8

576.8
310.5

545.7
296.5

560.6
301.7

37.0

15.4

17.8

-1.7

-94.7

-98.7

-67.2

-86.3

-99.2 -120.2

-*9.1 -106.7

807.4
581.4
225.9
902.0
757.0
145.1

855.2
614.9
240.3
953.9
802.2
151.7

837.0
604.5
232.5
904.2
759.0
145.2

839.5
603.6
235.9
925.8
776.7
149.2

850.0
610.4
239.7
949.2
798.2
151.0

844.3
605.4
239.0
964.5
812.1
152.5

887.0 904.8
640.2 652.8
246.8 252.0
976.0 1,011.5
821.6 853.8
154.4 157.8

8.0

1,358.3 1,406.4 1,363.4 1,383.7 1,408.8 1,414.8 1,418.3 1,429.9
516.6
345.5
171.0
841.7

523.1
347.1
176.0
883.3

507.7
337.1
170.6
855.7

518.6
343.9
174.7
865.1

529.6
353.7
175.8
879.2

525.5
348.8
176.7
889.3

518.5
341.9
176.7
899.8

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




I

520.5
336.5
184.0
909.4

1995

1996

1995

IV

1997

1996

I

II

III

IV

I

Gross domestic product
Personal consumption
4,577.8 4,690.7 4,609.4 4,649.1 4,687.6 4,693.5 4,732.5 4,798.7
expenditures
579.8 611.4 587.5 599.2 615.6 611.6 619.1 647.1
Durable goods
1,421.9 1,442.0 1,423.2 1,436.1 1,440.9 1,442.2 1,448.6 1,466.0
Nondurable goods
2,577.0 2,638.3 2,599.3 2,614.7 2,632.3 2,640.6 2,665.6 2,687.2
Services
Gross private domestic
1,009.4 1,056.6 1,004.3 1,011.4 1,038.1 1,093.1 1,083.9 1,144.0
investment
Fixed investment
975.9 1,042.1 988.5 1,013.3 1,031.1 1,057.5 1,066.6 1,092.2
714.3 766.8 723.3 743.5 750.5 781.4 792.0 813.8
Nonresidential
181.1 190.0 183.2 186.6 184.9 188.6 199.8 202.9
Structures
Producers' durable
equipment
534.5 578.6 541.4 558.3 567.5 595.0 593.7 612.6
262.8 276.7 266.3 271.1 281.5 277.8 276.6 280.6
Residential
Change in business
51.4
17.1
34.1
6.7
-3.5
13.7
32.7
13.6
inventories . . . . .
Net exports of goods and
-107.6 -113.6 -84.9 -104.0 -114.7 -137.4 -98.4 -126.8
services
775.4 825.9 803.1 806.7 817.9 816.1 862.9 886.0
Exports
565.9 608.8 588.8 590.9 600.6 601.1 642.6 662.3
Goods
210.4 218.2 215.3 216.7 218.3 216.1 221.7 225.3
Services
883.0 939.5 888.0 910.7 932.6 953.5 961.3 1,012.9
Imports
744.7 796.3 750.0 768.4 789.9 810.0 817.0 863.8
Goods
138.8 143.8 138.5 142.8 143.2 144.1 145.0 149.9
Services
Government consumption
expenditures and gross
1,260.2 1,270.6 1,249.6 1,254.7 1,278.2 1,276.1 1,273.4 1,273.6
investment
472.3 467.1 456.2 462.9 473.4 469.3 462.9 459.3
Federal
319.6 313.9 308.8 311.9 319.4 314.9 309.4 301.3
National defense
152.3 152.8 147.0 150.6 153.7 153.9 153.1 157.4
Nondefense
State and local
, 788.6 804.3 794.4 792.6 805.5 807.7 811.4 815.3
^3.4
-1.4
-1.7
-.2
-.2
-1.7
Residual
-.9
-3.6
6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1 6,993.3 7,092.1

NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.

National Data • D-3

SURVEY OF CURRENT BUSINESS

June 1997

Table 1.a—Gross Domestic Product by Major Type of Product

Table 1.4.—Real Gross Domestic Product by Major Type of Product

[Billions of dollars]

[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1995

1996

1995

IV

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
Structures
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output

1996

I

II

III

7,216.7 7,560.7 7,332.8 7,428.6 7,537.1 7,579.6 7,697.4 7,810.4
15.4
37.0
18.8
57.3
17.8
-1.7
8.0
36.6
2,699.2 2,799.8 2,715.8 2,747.5 2,790.1 2,821.6 2,839.9 2,925.0
2,662.2 2,784.4 2,698.0 2,749.3 2.-782.0 2,785.0 2,821.1 2,867.7
15.4
57.3
37.0
-1.7
36.6
18.8
17.8
8.0
1,182.1 1,232.3 1,193.6 1,204.4 1,229.1 1,260.1 1,235.7 1,295.4
1,147.3 1,219.6 1,166.4 1,192.1 1,219.1 1,225.5 1,241.7 1,267.0
28.4
12.7
34.8
-6.0
27.3
12.3
9.9
34.7
1,517.1 1,567.5 1,522.2 1,543.1 1,561.0 1,561.5 1,604.3 1,629.6
1,514.9 1,564.8 1,531.7 1,557.1 1,562.9 1,559.5 1,579.5 1,600.7

2.2
2.7
-9.4
28.9
-14.0
2.0
24.8
-1.9
3,926.9 4,105.2 3,992.4 4,027.9 4,087.0 4,122.0 4,183.8 4,239.8
627.6 671.1 642.3 651.4 668.0 672.6 692.5 703.0

260.5

263.1

242.6

270.6

269.7

258.9

1996

267.8

6,991.3 7,315.6 7,087.5 7,184.2 7,274.5 7,346.6 7,457.2 7,599.9

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

1995

IV

I

IV

7,253.8 7,576.1 7,350.6 7,426.8 7,545.1 7,616.3 7,716.1 7,867.7

262.4

1995

1997

Gross domestic product
Final sales of domestic
product
Change in business
inventories
Residual
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output

1997

1996

I

II

III

IV

I

6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1 6,993.3 7,092.1
6,708.9 6,892.1 6,764.2 6,815.2 6,884.7 6,892.7 6,975.9 7,040.8
32.7

13.6

13.7

-3.5

6.7

34.1

17.1

51.4

.7
.3
-.1
2.1
2.3
1.3
2,588.5 2,662.0 2,596.9 2,615.2 2,646.7 2,681.8 2,704.2 2,778.1
2,555.1 2,647.7 2,581.5 2,617.6 2,640.0 2,646.2 2,687.1 2,726.2
.6

32.7

1.1

13.6

13.7

-3.5

6.7

34.1

17.1

51.4

1,157.4 1,212.0 1,169.1 1,177.9 1,205.0 1,240.2 1,224.9 1,288.5
1,124.1 1,200.3 1,143.0 1,166.3 1,196.4 1,206.9 1,231.6 1,261.4
9.3
33.0
-5.6
26.9
32.8
25.8
12.1
11.8
1,432.3 1,451.9 1,429.4 1,438.8 1,443.7 1,444.2 1,481.1 1,492.5
1,431.8 1,449.5 1,439.4 1,452.6 1,445.7 1,441.7 1,458.1 1,467.9
-2.6
1.2
24.4
-15.2
22.6
-.3
1.5 -12.0
3,583.9 3,649.2 3,605.6 3,614.2 3,648.8 3,652.0 3,681.7 3,701.8
571.8 598.3 579.4 586.4 598.8 597.5 610.5 617.1
-42
-7.4
-4.3
-4.1
-5.6
-1.9
-1.0
-2.3

235.1

229.3

233.6

215.4

238.2

236.2

227.3

233.6

6,507.2 6,678.0 6,546.7 6,599.2 6,654.0 6,692.1 6,766.7 6,859.0

NoTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in business inventories is the difference between gross domestic product and
the sum of final sales of domestic product and of change in business inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services,
and of structures.
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 Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers

[Billions of dollars]

[Billions of chained (1992) 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
domestic purchasers

7,253.8 7,576.1 7,350.6

7,426.8 7,545.1 7,616.3 7,716.1 7,867.7

807.4

855.2

837.0

839.5

850.0

844.3

887.0

902.0

953.9

904.2

925.8

949.2

964.5

976.0 1,011.5

904.8

7,348.4 7,674.8 7,417.8 7,513.2 7,644.3 7,736.5 7,805.2 7,974.4
37.0

15.4

17.8

-1.7

8.0

36.6

18.8

57.3

7,311.4 7,659.3 7,400.0 7,514.9 7,636.2 7,699.8 7,786.4 7,917.1

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

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
domestic purchasers

6,742.2 6,906.8 6,780.2

6,813.8 6,892.1 6,928.1 6,993.3 7,092.1

775.4

825.9

803.1

806.7

817.9

816.1

883.0

939.5

888.0

910.7

932.6

953.5

961.3

1,012.9

6,846.4 7,016.2 6,862.4 6,914.1 7,002.6 7,060.3 7,087.7 7,213.4
32.7

13.6

13.7

-3.5

6.7

34.1

17.1

51.4

6,813.0 7,001.5 6,846.4 6,915.5 6,995.2 7,024.9 7,070.3 7,162.0

* of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
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.—Real Gross Domestic Product by Sector

[Billions of dollars]

[Billions of chained (1992) dollars]

Gross domestic product
Business1
Nonfarml
Nonfarm less housing
Housing

Farm

Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local

7,253.8 7,576.1

7,350.6

6,078.2 6,360.6 6,162.1

7,426.8 7,545.1 7,616.3 7,716.1 7,867.7
6,226.3 6,334.6 6,394.2 6,487.1 6,621.3

6,262.3 6,079.8 6,137.3 6,237.0 6,290.3 6,384.7 6,520.3
5,375.0 5,611.05,440.4 5,496.9 5,591.6 5,634.9 5,720.8 5,849.0
624.6 651.3 639.4 640.4 645.4 655.4 663.9 671.3
78.6
98.3
82.2
89.1
97.6
103.9 102.5 101.0
323.0

340.9

329.6

333.5

338.3

343.2

348.5

354.8

11.1

11.7

11.3

11.5

11.6

11.8

12.0

12.2

311.8
852.6
278.2
574.4

329.1
874.7

318.2

322.0

326.7

331.4

342.6

859.0
276.8
582.2

867.0

872.2

878.9

336.5
880.5

279.0
588.0

277.8
594.4

276.6
602.3

274.5
606.1

279.5
612.1

277.0
597.7

891.6

1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.7B.




Gross domestic product
Business1
Nonfarml
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual

6,742.2 6,906.8 6,780.2 6,813.8 6,892.1 6,928.1 6,993.3 7,092.1
5,662.7 5,824.0 5,705.1 5,741.1 5,806.9 5,840.9 5,907.3 6,002.3
5,587.2 5,740.7 5,630.0 5,662.4 5,724.55,754.35,821.65,914.8
5,013.4 5,159.0 5,049.4 5,085.0 5,146.2 5,170.8 5,234.2 5,324.8
573.8 581.8 580.7 577.4 578.6 583.7 587.6 590.3
75.3

83.4

74.7

78.6

82.4

86.7

302.5

309.2

305.0

305.5

308.4

310.1

10.2

10.1

10.3

292.3

298.8,

777.5
246.4
531.7

238.5
536.9

238.6
533.0

768.0
238.7
530.0

-1.9

-1.2

-1.5

-.8

294.8
774.6 770.8

10.3

10.3

10.3

295.3

298.1
777.7

299.8

240.4
538.1

778.1
239.0
539.9

-2.0

-2.1

85.9

312.5
10.4

87.7

315.3
10.5

302.21 304.8
774.7 775.9
236.1 235.6
539.5 541.3
-2.6

-2.9

1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.8B.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.

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