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SURVEY OF CURRENT BUSINESS

June 1994

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Final" estimates for the first quarter of 1994.
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.) 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) 606-5304.
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 1988-92, the complete official
time series of NIPA estimates can be found as follows:
1988

1989

NIPA'S, vol. 2
Most tables
Tables 1.15, 1.16, and 7.15
Tables 3.15-3.20 and 9.1-9.6 . . .
Tables 7.1, 7.2, and 8.1
Sept. 1993 SURVEY
Apr. 1993 SURVEY
Tables 7.3—7.12

1990-92

July 1992 SURVEY

Aug. 1993 SURVEY
Sept. 1993 SURVEY

»

Sept. 1992 SURVEY
Sept. 1993 SURVEY
Apr. 1993 SURVEY

»

Summary NIPA series back to 1929 are in the September 1993 SURVEY. Errata to published NIPA tables appear
in the September 1992, April 1993, October 1993, and March 1994 issues. NIPA tables are also available, most
beginning with 1929, on diskettes or magnetic tape. For more information on the presentation of the estimates,
see "A Look at How BEA Presents the NIPA'S" in the February 1994 SURVEY.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

io 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
1992

1993

1992

IV

1993

I

II

1992

1994

III

IV

1993

IV

I

Gross domestic
6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,623.1
product
Personal consumption
expenditures
4,139.9 4,391.8 4,256.2 4,296.2 4,359.9 4,419.1 4,492.0 4,563.7
497.3 537.9 516.6 515.3 531.6 541.9 562.8 578.0
Durable goods
1,300.9 1,350.0 1,331.7 1,335.3 1,344.8 1,352.4 1,367.5 1,382.5
Nondurable goods
2,341.6 2,503.9 2,407.9 2,445.5 2,483.4 2,524.8 2,561.8 2,603.2
Services
Gross private domestic
investment
796.5 891.7
833.3 874.1 874.1 884.0 934.5 970.0
Fixed investment
789.1 876.1 821.3 839.5 861.0 876.3 927.6 949.1
565.5 623.7 579.5 594.7 619.1 624.9 656.0 668.4
Nonresidential
178.7 171.1 172.4 177.6
179.1
Structures
172.6
185.8 178.2
Producers' durable
equipment
392.9 445.0 408.3 422.2 441.6 445.8 470.2 490.2
280.7
223.6 252.4 241.8 244.9 241.9 251.3 271.6
Residential
Change in business
7.7
15.6
7.3
6.9
12.0
34.6
13.1
inventories
20.9
21.1
22.6
2.3
9.5
33.0
16.8
12.0
Nonfarm
22.3
-5.5
2.4
5.0
-14.9
-3.7
Farm
-5.0
-1.4
1.5
Net exports of goods and
-63.6 -38.8 -48.3 -65.1
-29.6
71.9
-69.1 -83.5
services
Exports
640.5 661.7 654.7 651.3 660.0 653.2 682.4 678.2
Imports
670.1 725.3 693.5 699.6 725.0 725.1 751.5 761.7
1,131.8 1,158.1 1,143.8 1,139.7 1,158.6 1,164.8 1,169.1 1,172.9
Government purchases
Federal
448.8 443.4 452.4 442.7 447.5 443.6 440.0 440.9
National defense
313.8 303.4 315.7 304.8 307.6 301.9 299.2 291.7
Nondefense
135.0 140.1 136.7 137.9 140.0 141.7 140.7 149.3
683.0 714.6 691.4 697.0 711.1 721.2
729.2 732.0
State and local
Digitized for NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
FRASER


1992

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

1994

1993

II

1

III

IV

I

4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,269.5
3,341.8 3,453.2 3,397.2 3,403.8 3,432.7 3,469.6 35069 3,551.9
456.6 490.0 473.4 471.9 484.2 493.1 510.9 523.4
1,062.9 1,088.1 1,081.8 1,076.0 1,083.1 1,093.0 1,100.2 1,111.8
1,822.3 1,875.2 1,842.0 1,855.9 1,865.4 1,883.5 1,895.8 1,916.6
732.9

820.3

763.0

803.0

803.6

813.4

861.4

889.3

726.4
529.2
150.6

806.0
591.8
151.5

754.3
543.7
148.0

773.7
562.3
148.2

790.6
584.3
151.1

806.9
594.8
1512

852.9
625.7
155.6

868.7
636.8
148.2

378.6
197.1

440.2
214.2

395.7
210.6

414.1
211.4

433.2
206.2

443.6
212.1

470.0
227.2

488.6
231.9

8.5

20.6
22.2
-1.6

6.5
2.7
3.8

14.3
19.7
-5.3

8.7
7.5
1.2

29.3
29.3

0

13.0
17.1
-4.1

-33.6

-76.5

-38.8

-59.9

-75.2

-86.3

-84.5 -105.0

578.0
611.6

598.3
674.8

591.6
630.3

588.0
647.9

593.2
668.4

591.9
678.2

620.0
704.5

615.6
720.6

945.2

938.9

946.9

931.3

941.1

941.7

941.7

933.3

373.0
261.2
111.8
572.2

354.9
242.4
112.5
584.0

373.7
261.3
112.4
573.2

357.6
246.0
111.5
573.7

359.4
246.4
113.0
581.6

353.7
240.1
113.7
588.0

349.0
237.1
111.8
592.8

344.3
227.5
116.7
589.0

6.5
19.4

-12.9

12.9
-4.4

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

SURVEY OF CURRENT BUSINESS

June 1994 • 5

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 1987 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates
1992

1993

1992

IV
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

1994

1993

1

III

II

6,038.5 6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,623.1
6,031.2 6,362.3 6,182.5 6,227.1 6,314.5 6,388.2 6,519.6 6,602.2
7.3

15.6

12.0

34.6

13.1

7.7

6.9

20.9

2,312.8 2,421.9 2,377.6 2,397.4 2,408.1 2,409.4 2,472.7 2,525.9
2,305.5 2,406.3 2,365.6 2,362.9 2,395.0 2,401.7 2,465.8 2,504.9
7.3

15.6

12.0

34.6

13.1

7.7

6.9

20.9

977.9 1,047.9 1,007.1 1,018.6 1,040.5 1,047.7 1,084.7 1,118.3
975.8 1,037.0 1,008.3 1,003.5 1,037.8 1,032.9 1,073.7 1,099.3
2.0

10.9

-1.2

15.0

2.7

14.8

19.0

11.0

1,334.9 1,374.0 1,370.5 1,378.9 1,367.5 1,361.6 1,388.0 1,407.5
1,329.6 1,369.3 1,357.3 1,359.3 1,357.1 1,368.8 1,392.1 1,405.6
5.3

4.7

13.2

19.5

10.4

-7.2

1.9

-4.1

3,221.1 3,410.5 3,296.1 3,341.8 3,388.1 3,437.8 3,474.3 3,523.5
504.6

545.5

520.8

522.4

531.5

548.7

1993

1992

579.5

573.8

1992

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
Services l
Structures

1994

1993

IV

I

IV

I

II

III

I

IV

4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,269.5
4,979.8 5,121.7 5,059.6 5,048.9 5,089.1 5,131.8 5,217.1 5,248.9
6.5

14.3

8.7

29.3

13.0

6.5

8.5

20.6

2,005.7 2,083.8 2,057.7 2,060.2 2,069.1 2,074.9 2,130.9 2,167.2
1,999.2 2,069.5 2,049.0 2,030.9 2,056.1 2,068.5 2,122.5 2,146.6
6.5

914.0
911.7
2.4

14.3

981.2
970.6
10.6

8.7

941.8
942.6
-.8

29.3

13.0

951.2
938.2

968.9
964.9

13.0

3.9

6.5

8.5

20.6

982.5 1,022.2 1,048.4
968.7 1,010.5 1,030.6
13.9

17.9

11.7

1,091.7 1,102.6 1,116.0 1,109.0 1,100.2 1,092.4 1,108.7 1,118.8
1,087.6 1,098.9 1,106.4 1,092.7 1,091.1 1,099.8 1,111.9 1,116.0
4.1

3.7

9.6

16.3

9.1

-7.4

2.8

-3.2

2,534.7 2,586.4 2,556.5 2,565.3 2,577.5 2,596.7 2,606.0 2,623.4
445.8

465.9

454.2

452.7

455.5

466.6

488.7

478.9

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

6,038.5

[Billions of 1987 dollars]

6,377.9 6,194.4 6,261.6 6,327.6 6,395.9 6,526.5 6,623.1

640.5

661.7

654.7

651.3

660.0

653.2

682.4

678.2

670.1

725.3

693.5

699.6

725.0

725.1

751.5

761.7

6,068.2 6,441.5 6,233.2 0,309.9 6,392.7 6,467.8 6,595.6 6,706.6

73

156

120

346

131

77

69

209

6,060.8 6,425.9 6,221.2 6,275.4 6,379.5 6,460.1 6,588.7 6,685.7

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

4,986.3

5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,269.5

578.0

5983

5916

5880

593.2

591.9

620.0

615.6

611.6

674.8

630.3

647.9

668.4

678.2

704.5

720.6

5,019.9 5,212.5 5,107.1 5,138.1 5,177.4 5,224.6 5,310.0 5,374.5
6.5

14.3

8.7

29.3

13.0

6.5

8.5

20.6

5,013.4 5,198.2 5,098.4 5,108.8 5,164.3 5,218.1 5,301.6 5,353.9

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.
NoiE.-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
6,038.5 6,377.9 6,194.4 6,261 6 6 327.6 6,395.9 65265 66231

Business
Nonfarm
Nonfarm less housing ....
Housino
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing




5,114.4 5,404.5 5,254.4 5,303.0 5,359.0 5,416.6 5,539.5 5,620.1
5,006.4 5,306.9 5,1387 5,184.7 5263.7 5,330.1 5,4491 5,531 9
4,505.4 4,791.0 4,639.6 4,674.0 4,751.0 4,812.8 4,926.4 4,989.9
501.0 515.9 4991
5127
517.4 5228 5420
5108
84.4
23.6

82.4
15.2

836

838

32.1

34.4

83.3
12.0

267.0

286.3

275.7

280.3

284.7

732
13.3

288.1

892
1.2

292.3

968
-8.6

297.8

10.1

11.1

10.6

10.8

11.0

11.3

11.5

11.7

256.9

275.2

265.2

269.5

273.7

276.8

280.8

286.1

657.1

687.1

654.3

678.4

683.9

691.2

694.7

705.3

199.8
457.3

207.0
480.1

198.7
465.6

206.2
472.1

206.2
477.7

208.3
483.0

207.1
487.6

210.8
494.4

4,608.9

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

4,986.3 5,136.0 5,068.3 5,078.2 5,102.1 5,138.3 5,225.6 5,269.5
4,267.6 4,408.0 4,346.2 4,353.9 4,374.1 4,408.4 4,495.4 4,536.9
4,168.4 4,321.1 4,240.0 4,247.4 4,2881 4330.1 44187 44652
3,769.3 3,915.8 3,839.3 3,844.8 3,883.7 3,924.0 4,010.6 4,055.2
399.1 405.3 400.7 402.6 404.4 406.1 408.1 410.0
79.6
74.4
79.7
78.2
762
675
757
787
19.7

12.5

26.5

28.3

9.8

10.8

1.0

209.1

217.0

212.4

213.5

216.8

218.4

219.4

221.0

8.8
200.4

9.3
207.7

9.0
203.4

92
204.3

9.3
207.5

9.4
209.0

9.5
209.9

9.6
211.4

509.5

511.1

509.8

510.8

511.3

511.5

510.8

511.6

150.5
359.0

1475

148.8
361.0

148.8
362.0

147.8
363.4

146.9
364.5

145.1
365.7

144.4
367.2

3,864.9

363.9

......
......

-7.0

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