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SURVEY OF CURRENT BUSINESS

June 1992

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: First quarter 1992, revised.
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]
S>easonal y adjuste d at ann ual rates

Seasonally adjusted at annual rates
1990

1991

1990

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
Imoorts
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 4,020.6
465.9 445.2 451.9 440.7 440.0 452.9 447.3 465.7
1,217.7 1,251.9 1,246.4 1,246.3 1,252.9 1,257.4 1,251.1 1,272.7
2,059.0 2,191.9 2,113.6 2,140.7 2,175.6 2,206.1 2,245.2 2,282.1
802.6

726.7

750.9

709.3

708.8

740.9

747.9

728.4

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

750.2
541.7
165.8

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

375.9
208.5

-37.1
-34.0

-3.5

-36.5
-28.9
76

-39.2
-35.0
-4.2

-3.1

-74.4

-30.7

-76.6

-36.8

-17.2

-37.3

-31.4

-24.2

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

617.7
641.9

-2.0

2.0

-18.5
-15.0

-3.6
-3.2

-.4

6.0
12.1
-6.1

-2.9

1,042.9 1,087.5 1,071.2 1,088.8 1,092.5 1,089.1 1,079.5 1,095.9
424.9
313.4
111.5
618.0

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.




-21.8
-18.9

440.6
313.7
127.0
655.3

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

19 91

1990

1991

I

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6

0

1990

1992

1991

I

II

1992

IV

III

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7

4,862.7

I

4,868.0 4,900.9

3,262.6 3,259.0 3,251.8 3,241.1 3,252.4 3,271.2 3,271.1 3,311.3
4277
4122
4089 4183
4240 4108
4389 4125
1,050.8 1,043.0 1,044.7 1,043.9 1,046.2 1,046.1 1,035.8 1,049.2
1 773.0 1 8034 1 7831 1 786.3 17972 1 8068 1 ,823 1 1,8344
744.5

673.7

696.6

657.0

656.3

686.5

694.9

679.7

744.2
5488
177.9

687.6

689.8

686.8

686.5

5124
1540

727.8
5445

5148
1589

5100
1484

696.3
5095

1704

5191
1633

687.2
5056

3708
195.5

3583
175.2

3740
183.3

3558
170.7

3558
172.0

361 6
176.5

-13.9
-13.9

-31.2
-25.7

-30.4
-30.8

-55

-32.8
-31.1
-1 7

4

.2
-1.5

.1

1454

1463

3601

3632
186.8

181.7

-16.6
-16.3

29

7.6
9.2
-1 6

-2.8

17

o

-51.3

-20.9

-31.2

-18.6

-12.3

-31.1

-21.3

-20.1

505.7
5570

537.8
5587

522.5
5537

512.5
531 1

535.7
5480

545.2
5763

558.0
5793

561.4
581 5

929.1

937.1

937.9

944.5

944.3

936.1

923.3

930.0

380.9
281 3

384.9
281 4

382.6
2820

391.7
2894

392.7
2870

384.5
2804

370.7
2687

371.7
2664

996
5482

-3

1035

1006

1023

1057

1041

1020

1053

5522

5553

5527

551 7

551 6

5527

5583

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

SURVEY OF CURRENT BUSINESS

4 • June 1992

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

Seasonally adjusted at annual rates
1991

1990

1990

IV
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1

1992

1991

II

I

III

IV

5,513.8 5,691.1 5,594.0 5,628.2 5,689.6 5,712.8 5,733.8 5,842.5
-18.5

-36.5

-39.2

-37.1

-3.6

6.0

-21.8

2,167.6 2,193.2 2,158.0 2,169.4 2,186.1 2,210.5 2,206.8 2,221.3

Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services l

2,167.6 2,211.7 2,194.5 2,208.6 2,223.2 2,214.1 2,200.8 2,243.1

0

-18.5

-36.5

-39.2

-37.1

-3.6

927.7
934.6

901.3
926.5

897.7
927.2

873.0
916.4

906.1
939.5

920.3
929.4

906.1
920.5

909.1
936.1

-7.0

-25.1

-29.4

-43.5

-33.5

-9.2

-14.5

-27.0

6.0

-21.8

1,239.9 1,291.9 1,260.2 1,296.4 1,280.1 1,290.3 1,300.7 1,312.2
1,233.0 1,285.2 1,267.3 1,292.1 1,283.7 1,284.7 1,280.3 1,307.1
6.9

6.7

-7.1

4.3

-3.6

5.6

5.2

20.4

2,834.0 3,012.9 2,905.5 2,951.7 2,999.0 3,035.1 3,065.7 3,121.4
512.2

Structures

466.5

494.0

467.9

467.4

463.5

467.3

1990

IV

I

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6

0

1991

1990

478.0

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
Services1
Structures

1992

1991

II

I

I

IV

III

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,900.9
4,884.7 4,862.7 4,886.3 4,856.8 4,871.2 4,862.6 4,860.3 4,917.5

.2

-13.9

-31.2

-32.8

-30.4

.1

7.6

-16.6

1,958.0 1,929.0 1,928.6 1,917.0 1,922.0 1,940.5 1,936.4 1,942.2
1,957.8 1,942.9 1,959.8 1,949.8 1,952.4 1,940.4 1,928.8 1,958.8
-13.9

-31.2

-32.8

-30.4

.1

7.6

886.2
892.9

850.1
873.0

857.5
884.8

827.0
866.4

852.8
883.3

865.5
873.9

855.1
868.6

857.9
882.5

-6.7

-22.9

-27.3

-39.4

-30.5

-8.4

-13.4

-24.5

.2

-16.6

1,071.8 1,078.8 1,071.1 1,090.0 1,069.2 1,074.9 1,081.3 1,084.3
1,065.0 1,069.8 1,075.0 1,083.4 1,069.1 1,066.5 1,060.2 1,076.3
6.9

9.0

6.6

-3.9

.1

8.4

8.0

21.1

2,464.8 2,504.6 2,481.8 2,487.6 2,502.7 2,511.8 2,516.2 2,532.4
462.0

415.3

444.6

419.4

416.1

410.4

415.3

426.3

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 1987 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
domestic purchasers2

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6
5504

591 3

5726

5659

5898

5970

6125

6177

624.8

622.0

649.2

6027

607.0

6343

643.8

641.9

5,588.1 5,703.3 5,634.0 5,625.8 5,669.8 5,746.5 5,771.1 5,844.8

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

-21.8

Less: Change in business
inventories

5,588.2 5,721.8 5,670.6 5,665.0 5,706.8 5,750.1 5,765.1 5,866.6

Equals: Final sales to
domestic purchasers2

0

-18.5

-365

-392

-37.1

-36

6.0

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,900.9
5057

5378

5225

5125

5357

5452

558.0

561.4

557.0

558.7

553.7

531.1

548.0

576.3

579.3

581.5

4,936.2 4,869.7 4,886.3 4,842.6 4,853.1 4,893.8 4,889.3 4,921.0

.2

-13.9

-31.2

-32.8

-30.4

.1

7.6

-16.6

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.

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

5,513.8 5,672.6 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,820.6
4,699.4 4,803.3 4,722.3 4,734.7 4,786.8 4,835.0 4,856.8 4,921.3

Nonfarm
46056 47039 46404 46401 46872 47301 4,758.0 4,805.9
Nonfarm less housing .... 4,155.8 4,230.9 4,180.6 4,175.7 4,217.6 4,256.0 4,274.3 4,320.0
Housing
449.8 472.9 459.8 464.3 469.7 474.1 483.7 485.9
79.2
81.2
85.7
80.4
79.8
76.6
83.1
82.9
Farm
34.2
19.6
2.1
16.5
22.0
19.0
Statistical discrepancy
8.1
18.0
246.4

233.3

237.5

243.7

249.9

254.3

259.3

9.1 I 95
216.1 236.8

9.1
224.2

9.2
228.3

9.5
234.2

9.6
240.2

9.8
244.5

9.9
249.4

General government

589.2

622.9

601.9

616.8

622.0

624.3

628.6

640.0

Federal
State and local

179.4
409.8

188.8
434.1

181.0
420.9

189.4
427.4

188.7
433.2

188.4
435.9

188.6
440.0

195.8
444.2

Households and institutions
Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing




225.1

42451

Gross domestic
product
Business

4,884.9 4,848.8 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,900.9
4,180.4 4,134.7 4,145.1 4,111.4 4,126.4 4,148.6 4,152.4 4,184.3

Nonfarm
4,101.9 4,045.1 4,071.2 4,024.6 4,040.1 4,055.6 4,060.2 4,079.7
Nonfarm less housing .... 3,711.3 3,650.4 3,678.3 3,631.2 3,645.9 3,660.4 3,664.0 3,682.5
Housing
390.6 394.8 392.9 393.4 394.2 395.2 396.3 397.2
Farm .
75.4
75.5
714
73.2
71.1
72.1
74.1
720
16.4
15.7
16.8
Statistical discrepancy
7.2
1.9
14.3
18.9
29.1
195.7

202.1

197.9

198.8

201.1

203.1

205.4

207.0

8.6
187.1

8.6
193.5

84
189.4

8.4
190.4

8.6
192.6

8.6
194.5

8.6
196.7

8.7
198.3

General government

508.8

512.0

512.1

513.9

513.2

511.0

510.2

509.6

Federal
State and local

1557
3531

1551

1562

1570

1544

356.9

3560

356.9

155.5
357.7

153.5
356.6

152.4
357.2

Households and institutions
Private households
Nonprofit institutions

Addendum:
Gross domestic business
product less housing

3,785.8

356.6

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