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SURVEY OF CURRENT BUSINESS

1O

May 1992

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: First quarter 1992, preliminary.
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.) Alternative
quantity and price measures and a few series for tables 1.10 and 1.16 are not yet available; leaders are shown for
these parts.
The tables shown 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. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 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
1990

1991

1990

IV
Gross domestic
product
Persona! 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

I

II

III

IV

3,742.6 3,889.1 3,812.0 3,827.7 3,868.5 3,916.4 3,943.7 4,022.6
440.7 440.0 452.9 447.3 468.2
465.9 445.2 451.9
1,217.7 1,251.9 1,246.4 1,246.3 1,252.9 1,257.4 1,251.1 1,273.3
2,059.0 2,191.9 2,113.6 2,140.7 2,175.6 2,206.1 2,245.2 2,281.0
802.6

726.7

750.9

709.3

708.8

740.9

747.9

726.0

802.7
587.0
198.7

745.2
550.1
174.6

787.4
585.2
191.2

748.4
560.0
184.0

745.8
554.6
180.0

744.5
546.8
169.0

742.0
539.0
165.2

749.4
540.5
164.3

388.3
215.7

375.5
195.1

394.0
202.2

375.9
188.4

374.7
191.2

377.8
197.7

373.8
203.0

376.2
208.9

-18.5
-15.0

-36.5
-28.9

-39.2
-35.0

-37.1
-34.0

-3.6
-3.2

-3.5

-7.6

-4.2

-3.1

-74.4

-30.7

-76.6

-36.8

-17.2

-37.3

-31.4

550.4
624.8

591.3
622.0

572.6
649.2

565.9
602.7

589.8
607.0

597.0
634.3

612.5
643.8

0
2.0

-.4

6.0
12.1
-6.1

445.1
323.5
121.6
642.4

434.5
320.6
113.9
636.7

451.5
332.3
119.2
637.3

452.1
328.4
123.7
640.4

444.9
322.3
122.6
644.2

432.0
311.0
121.0
647.5

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




-23.3
-20.4
-2.9

27.5

612.3
639.8

1,042.9 1,087.5 1,071.2 1,088.8 1,092.5 1,089.1 1,079.5 1,096.5
424.9
313.4
111.5
618.0

1991

441.2
314.2
127.0
655.3

1990

IV

I

5,513.8 5,672.6 5,557.5 55890 5,652.6 5,709.2 5,739.7 5,817.5

-2.0

1990

1992

1991

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

1992

1991

I

II

IV

III

I

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,896.9
3,262.6 3,259.0 3,251.8 3,241.1 3,252.4 3,271.2 3,271.1 3,314.2
430.0
438.9 412.5 424.0 410.8 408.9 418.3 412.2
1,050.8 1,043.0 1,044.7 1,043.9 1,046.2 1,046.1 1,035.8 1,049.6
1,773.0 1,803.4 1,783.1 1,786.3 1,797.2 1,806.8 1,823.1 1,834.5
744.5

673.7

696.6

657.0

656.3

686.5

694.9

674.7

744.2
548.8
177.9

687.6
512.4
154.0

727.8
544.5
170.4

689.8
519.1
163.3

686.8
514.8
158.9

686.5
510.0
148.4

687.2
505.6
145.4

693.1
507.7
144.3

370.8
195.5

358.3
175.2

374.0
183.3

355.8
170.7

355.8
172.0

361.6
176.5

360.1
181.7

363.4
185.4

-13.9
-13.9
0

-31.2
-25.7

-32.8
-31.1

7.6
9.2

-1.7

-30.4
-30.8
.4

-2.8

-5.5

-1.6

-18.4
-18.1
-.3

-51.3

-20.9

-31.2

-18.6

-12.3

-31.1

-21.3

-22.3

505.7
557.0

537.8
558.7

522.5
553.7

512.5
531.1

535.7
548.0

545.2
576.3

558.0
579.3

556.7
579.0

929.1

937.1

937.9

944.5

944.3

936.1

923.3

930.4

380.9
281.3

384.9
281.4
103.5
552.2

382.6
282.0
100.6
555.3

391.7
289.4
102.3
552.7

392.7
287.0
105.7
551.7

384.5
280.4
104.1
551.6

370.7
268.7
102.0
552.7

372.3
267.1
105.2
558.0

.2
-1.5

1.7

99.6

548.2

.1
2.9

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

SURVEY OF CURRENT BUSINESS

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
1990

1991

1990

IV

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

1991

I

II

Seasonally adjusted at annual rates

IV

-36.5

-39.2

-37.1

-3.6

6.0

-23.3

2,167.6 2,193.2 2,158.0 2,169.4 2,186.1 2,210.5 2,206.8 2,224.2
2,167.6 2,211.7 2,194.5 2,208.6 2,223.2 2,214.1 2,200.8 2,247.5
0

927.7
934.6
-7.0

-18.5

-36.5

-39.2

-37.1

901.3
926.5

897.7
927.2

873.0
916.4

906.1
939.5

-25.1

-29.4

-43.5

-33.5

-3.6

920.3
929.4
-9.2

6.0

-23.3

906.1
920.5

909.6
940.6

-14.5

-31.1

1,239.9 1,291.9 1,260.2 1,296.4 1,280.1 1,290.3 1,300.7 1,314.6
1,233.0 1,285.2 1,267.3 1,292.1 1,283.7 1,284.7 1,280.3 1,306.9
6.9

6.7

-7.1

4.3

-3.6

5.6

7.7

20.4

2,834.0 3,012.9 2,905.5 2,951.7 2,999.0 3,035.1 3,065.7 3,116.7
512.2

466.5

494.0

467.9

467.4

463.5

467.3

476.7

1990

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
Servicesj
Structures

1992

1991

IV

I

5,513.8 5,691.1 5,594.0 5,628.2 5,689.6 5,712.8 5,733.8 5,840.9
-18.5

1991

1990

1992

111

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,817.5

0

11

May 1992

I

II

IV

III

I

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,896.9
4,884.7 4,862.7 4,886.3 4,856.8 4,871.2 4,862.6 4,860.3 4,915.3
.2

-13.9

-31.2

-32.8

-30.4

.1

7.6

-18.4

1,958.0 1,929.0 1,928.6 1,917.0 1,922.0 1,940.5 1,936.4 1,944.8
1,957.8 1,942.9 1,959.8 1,949.8 1,952.4 1,940.4 1,928.8 1,963.2
.2

886.2
892.9
-6.7

-13.9

-31.2

-32.8

-30.4

850.1
873.0

857.5
884.8

827.0
866.4

852.8
883.3

-22.9

-27.3

-39.4

-30.5

.1

7.6

865.5
873.9

855.1
868.6

858.8
887.1

-13.4

-28.2

-8.4

-18.4

1,071.8 1,078.8 1,071.1 1,090.0 1,069.2 1,074.9 1,081.3 1,086.0
1,065.0 1,069.8 1,075.0 1,083.4 1,069.1 1,066.5 1,060.2 1,076.1
6.9

9.0

6.6

-3.9

.1

8.4

9.8

21.1

2,464.8 2,504.6 2,481.8 2,487.6 2,502.7 2,511.8 2,516.2 2,529.6
462.0

415.3

444.6

419.4

416.1

410.4

415.3

422.5

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

5,513.8

[Billions of 1987 dollars]

5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,817.5

550.4

591.3

572.6

565.9

589.8

597.0

612.5

612.3

624.8

622.0

649.2

602.7

607.0

634.3

643.8

639.8

5,588.1 5,703.3 5,634.0 5,625.8 5,669.8 5,746.5 5,771.1 5,845.0

0

-18.5

-36.5

-39.2

-37.1

-3.6

6.0

-23.3

5,588.2 5,721.8 5,670.6 5,665.0 5,706.8 5,750.1 5,765.1 5,868.4

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
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

4,884.9

4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,896.9

505.7

537.8

522.5

512.5

535.7

545.2

558.0

556.7

5570

5587

5537

531 1

5480

5763

5793

5790

4,936.2 4,869.7 4,886.3 4,842.6 4,853.1 4,893.8 4,889.3 4,919.2
.2

-13.9

-312

-32.8

-304

1

76

-184

4,936.0 4,883.6 4,917.5 4,875.4 4,883.5 4,893.7 4,881.7 4,937.6

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




5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,817.5
4,918.2

4,699.4 4,803.3 4,722.3 4,734.7 4,786.8 4,835.0

4,703.9
4,230.9
449.8 472.9
80.4
85.7

4,605.6
4,155.8

8.1

4,640.4 4,640.1 4,687.2 4,730.1 4,758.0 4,798.6
4,180.6 4,175.7 4,217.6 4,256.0 4,274.3 4,312.7
459.8 464.3 469.7 474.1 483.7 485.9
83.1
82.9 79.2 81.0
79.8 76.6
22.0
19.6
16.5
38.5
2.1
18.0
19.0

225.1

246.4

233.3

237.5

9.1
216.1

9.5
236.8

9.1
224.2

9.2
228.3

249.9
9.5
9.6
234.2 240.2

589.2

622.9

601.9

616.8

622.0

624.3

179.4
409.8

188.8
434.1

181.0
420.9

189.4
427.4

188.7
433.2

188.4
435.9

4,245.1

243.7

254.3

259.3

9.8
244.5

9.9
249.4
640.1

188.6
440.0

195.9
444.2

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

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,896.9
4,180.4 4,134.7 4,145.1 4,111.4 4,126.4 4,148.6 4,152.4 4,179.9
40451 4071 2 40246 40401 40556 40602 4071 8
3,711.3 3,650.4 3,678.3 3,631.2 3,645.9 3,660.4 3,664.0 3,674.6
390.6 394.8 392.9 393.4 394.2 395.2 396.3 397.2

4101 9

721

741

14.3

18.9

75.4
16.8

75.3
32.7

198.8

201.1

203.1

205.4

207.4

8.4
190.4

8.6
192.6

8.6
194.5

8.6
196.7

8.7
198.7

512.1

513.9

513.2

511.0

510.2

509.6

1562

157.0
356.9

1555

1544

1535

357.7

356.6

356.6

152.4
357.2

73.2
16.4

72.0

7.2

195.7

202.1

197.9

8.6
187.1

8.6
193.5

8.4
189.4

508.8

512.0

1557

1551

353.1

356.9

356.0

71.4

3,785.8

1.9

71.1
15.7

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