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SURVEY OF CURRENT BUSINESS

June 1995

NATIONAL

INCOME

AND PRODUCT

ACCOUNTS

Selected NIPA Tables
New estimates in this issue: "Final" estimates for the first quarter of 1995.
The 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.) 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) 606-9700.
Tables containing the estimates for 1929-87 are available in the two-volume set National Income and Product
Accounts of the United State?, see inside back cover for order information. For 1988-93, the complete official
time series of NIPA estimates can be found as follows:
1988

1990

1989

July 1992 SURVEY

1991-93

Aug. 1993 SURVEY
Sept. 1993 SURVEY

July 1994 SURVEY

Sept. 1992 SURVEY
Aug. 1994 SURVEY Aug. 1994 SURVEY
Apr. 1993 SURVEY Aug. 1993 SURVEY

Most tables
NIPA'S, vol. 2
Tables i.i5> 1.16, and 7.15 ......
Tables 3.15-3.20 and 9.1-9.6 . . .
Tables 7.1, 7.2, 7.3, and 8.1 — Aug. 1994 SURVEY
Tables 7.4—7.12
Apr. 1993 SURVEY

Sept. 1994 SURVEY
Aug. 1994 SURVEY
July 1994 SURVEY

»

»

Summary NIPA series back to 1929 are in the September 1994 issue of the SURVEY. Errata to published NIPA tables
appear in the September 1992, April 1993, October 1993, March 1994, November 1994, and April 1995 issues. NIPA
tables are also available, most beginning with 1929, on diskettes. For more information on the presentation of
the estimates, see "A Look at How BEA Presents the NIPA'S" in the February 1995 SURVEY.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

i. 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]
SSeasonal y adjust*3d at anriual rate!j

Seasonally adjusted at annual rates

1993

1993

1994

IV
l/iuvuvi .

Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Presidential
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

63433 6,738.4

6,478.1

1994

I

II

1993

1995

III

IV

6,574.7 6,689.9 6,791.7 6,897.2 6,977.4

562.8 576.2 580.3 591.5
638.0 591.5
615.2
617.7
1,339.2 1,394.3 1,355.2 1,368.9 1,381.4 1,406.1 1,420.7 1,432.2
2,501.0 2,642.7 2,551.6 2,589.9 2,624.7 2,659.9 2,696.4 2,734.8
882.0 1,032.9

922.5

966.6 1,034.4 1,055.1 1,075.6 1,107.8

866.7

942.5
665.4

172.7

181.8

184.6

192.0

198.6

492.7

277.1

501.5
283.6

524.5
283.4

540.7
288.0

567.8
286.8

24.1
22.3

67.4
60.4

62:6
53.4

54.8
47.4

54.5
54.1

182.8

913.5
646.3
176.7

442.7
250.6

514.8
283.0

469.6
267.2

15.4
20.1
-4.7

52.2
45.9

616.1
173.4

6.4

9.0
10.7
-1.7

1.8

967.0
683.3

7.0

992.5 1,020.8 1,053.3
709.1 732.8 766.4

9.2

-65.3

-98.2

-71.2

-86.7

-97.6

-109.6

659.1
724.3

718.7
816.9

680.3

674.2
760.9

704.5

730.5

802.1

840.1

751.4

7.4

.4

1 11
-98.9 - 1 .
765.5
864.4

778.8
889.9

1,148.4 1,175.3 1,157.2 1,159.8 1,166.7 1,188.8 1,185.8 1,198.7
443.6
302.7

437.3
292.3

140.9
704.7

145.0
738.0

NOTE.-Percent changes
 from preceding period for


439.8

437.8

299.1
140.7
717.4

291.7
146.1
722.0

435.1
291.7
143.5
731.5

444.3
300.5

143.8
744.5

431.9
285.3
146.6
753.8

selected items in this table are shown in table 8.1.

1994

1993

I

IV

4,378.2 4,628.4 4,469.6 4,535.0 4,586.4 4,657.5 4,734.8 4,782.1

980.7
697.6

1994

1

434.4
283.7

150.6
764.3

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

II

1995

III

IV

1

5,134.5 5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1
3,458.7 3,579.6 3,506.2 3,546.3 3,557.8 3,584.7 3,629.6 3,643.9
489.9 532.1
521.7
522.2 529.6 554.8 550.0
510.8
1,078.5 1,109.5 1,088.0 1,098.3 1,104.3 1,113.4 1,121.9 1,128.2
1,890.3 1,938.1 1,9074 1,9263 1931.4 1,941.8 1,952.9 1,965.7

819.9

951.5

862.5

898.9

950.9

967.3

989.1 1,024.1

804.6

903.8
672.4

851.7
627.2
148.7

873.4
643.6

910.2
680.0
151.6

939.7
708.2

144.1

891.7
657.9
151.0

155.6

159.9

499.4
2299

506.9
2338

528.4
2302

552.6

583.7
2295

25.4
22.1

59.2
51.7

57.1
47.4

591.6
147.7

150.6

443.9

521.9

2130

2313

478.5
2245

15.3
18.5
-3.2

47.8
40.7

10.8
10.7

7.1

-73.9

-110.0

602.5
676.3

657.0
766.9

.1

3.3

7.5

9.7

2315
49.4
41.7

7.7

973.0
743.6

51.1
49.1

2.0

-82.2 -104.0 - 1 . -117.0 -107.1 -118.5
1 18
625.2
707.4

619.6
723.6

643.9
755.6

666.5
783.5

697.9
805.0

706.2
824.6

929.8

922.8

931.5

919.9

917.1

932.0

922.2

920.5

356.6
243.7

337.6
226.7

343.5
233.0

330.4

3272

219.1
111.3
591.8

214.9

110.9
585.2

341.7
228.5
113.2
578.3

334.7

113.0
573.1

351.1
238.7
112.4
580.4

226.1
108.7
582.4

110.5
588.5

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

1123

593.3

SURVEY OF CURRENT BUSINESS

6 • June 1995

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]

Seasonal) y adjusteidatann ual rates
1994

1993

19 94

1993

I

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 *
Structures

II

Seasonally adjusted at annual rates

III

IV

1994

1993

1995

1993

IV

I

1995

1994

I

II

III

IV

I

Gross domestic
63433 6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4
6,327.9 6,686.2 6,469.2 6,550.6 6,622.5 6,729.1 6,842.4 6,922.9
15.4

52.2

9.0

24.1

67.4

62.6

54.5

54.8

2,405.8 2,584.7 2,461.6 2,513.2 2,561.2 2,606.2 2,658.1 2,692.6
2,390.4 2,532.4 2,452.6 2,489.1 2,493.7 2,543.6 2,603.3 2,638.1
15.4

52.2

9.0

24.1

67.4

62.6

54.8

54.5

1,041.0 1,153.6 1,081.9 1,118.7 1,137.6 1,170.0 1,188.1 1,223.0
1,032.4 1,118.8 1,072.9 1,098.2 1,099.4 1,125.8 1,151.8 1,175.0
8.6

348

90

206

382

441

363

48.0

1,364.8 1,431.1 1,379.7 1,394.5 1,423.5 1,436.3 1,470.0 1,469.6
1,358.0 1,413.6 1,379.7 1,390.9 1,394.3 1,417.8 1,451.5 1,463.1
6.7

17.4

0

3.5

29.2

18.5

6.5

18.5

3,405.5 3,576.2 3,459.3 3,503.8 35554 3,603.6 3,641.9 3,680.6
532.0

577.6

557.2

557.7

573.4

581.9

597.3

604.3

5,134.5 5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1

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 1
Structures

5,119.3 5,296.2 5,207.2 5,235.7 5,254.9 5,310.0 5,384.4 5,419.0
15.3

47.8

10.8

25.4

59.2

57.1

49.4

51.1

2,081.8 2,223.1 2,135.5 2,168.8 2,201.3 2,235.5 2,286.9 2,319.4
2,066.5 2,175.4 2,124.7 2,143.3 2,142.1 2,178.4 2,237.5 2,268.3
15.3

47.8

10.8

25.4

59.2

57.1

49.4

51.1

986.0 1,092.1 1,033.6 1,061.4 1,071.9 1,102.5 1,132.5 1,170.6
977.7 1,060.9 1,024.7 1,041.7 1,038.2 1,063.2 1,100.6 1,127.2
8.3

31.2

8.9

19.7

33.7

39.3

32.0

43.4

1,095.8 1,131.0 1,101.9 1,107.4 1,129.4 1,133.0 1,154.4 1,148.7
1,088.8 1,114.4 1,100.0 1,101.7 1,103.9 1,115.2 1,136.9 1,141.1
7.0

16.6

5.7

1.9

25.5

17.8

7.7

17.4

2,597.6 2,644.5 2,611.2 2,625.8 2,635.8 2,653.9 2,662.4 2,663.7
455.1

476.4

471.3

466.5

476.9

477.6

484.5

487.0

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 3.1.

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

6,343.3

[Billions of 1987 dollars]

6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4

659.1

718.7

680.3

674.2

704.5

730.5

765.5

778.8

724.3

816.9

751.4

760.9

802.1

840.1

864.4

889.9

6,408.6 6,836.6 6,549.3 6,661.4 6,787.5 6,901.3 6,996.1 7,088.5
15.4

52.2

9.0

24.1

67.4

62.6

54.8

54.5

6,393.2 6,784.4 6,540.3 6,637.3 6,720.1 6,838.7 6,941.3 7,034.0

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases 1
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers

5,134.5

5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1

602.5

657.0

625.2

619.6

643.9

666.5

697.9

706.2

676.3

766.9

707.4

723.6

755.6

783.5

805.0

824.6

5,208.4 5,454.0 5,300.2 5,365.1 5,425.8 5,484.0 5,540.9 5,588.6
15.3

47.8

10.8

25.4

59.2

57.1

49.4

51.1

5,193.1 5,406.2 5,289.4 5,339.7 5,366.6 5,426.9 5,491.5 5,537.5

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 1987dollars]

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

63433 6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4
5,371.4 5,723.2 5,494.4 5,575.7 5,677.9 5,771.8 5,867.2 5,933.8
5,293.8 5,669.2 5,431.7 5,524.7 5,618.7 5,710.7 5,822.6 5,904.5
4,771.0 5,118.4 4,899.5 4,975.0 5,075.0 5,159.7 5,264.1 5,339.4
522.7 550.7 532.2 549.6 543.8 551.0 5585 565.1
79.2

87.1

83.2

82.3

87.0

-30.9

-16.5

-36.1

-24.0

-21.1

-42.4

-58.6

285.3

302.7

291.0

295.7

300.1

304.7

310.1

313.4

10.8

11.4

10.9

11.1

11.3

11.5

11.6

11.8

291.3

280.0

284.5

288.8

293.2

298.5

301.7

686.6

712.6

692.7

703.3

711.8

715.2

719.9

730.2

203.6
483.0

206.2
506.4

202.5
490.2

206.3
497.1

208.4
503.4

205.4
509.8

204.7
515.2

208.3
521.9

75.3

2.3

274.5

4,844.0




84.9

87.9

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

5,134.5 5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1
4,409.4 4,613.4 4,491.7 4,532.6 4,583.6 4,635.4 4,702.1 4,737.7
4,336.4 4,556.1 4,433.2 4,486.1 4,521.3 4,567.9 4,649.2 4,698.7
3,925.5 4,137.4 4,017.9 4,070.6 4,103.5 4,148.1 4,227.3 4,274.8
410.9 418.8 415.3 415.5 417.8 419.8 421.9 423.9
82.2

72.0

81.6

84.4

86.9

85.8

-24.9

-13.5

-29.3

-19.3

-17.0

-34.0

-46.8

215.6

223.0

218.1

220.1

222.5

223.8

225.6

226.5

9.0
206.5

9.2
213.7

9.0
209.1

9.1
211.0

9.2
213.3

9.3
214.5

9.3
216.2

9.4
217.1

509.6

507.6

508.2

508.4

508.0

507.9

506.1

505.8

146.0
3636

138.8
3688

143.2

141.9
3665

139.9

137.9
3699

135.5
3706

134.3
371 5

71.0

1.9

3,994.9

3651

75.9

3681

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