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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 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 1989 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 FRASER changes from preceding period for selected items in this table are shown in table 8.1. 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: Grossl domestic purchases 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