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SURVEY OF CURRENT BUSINESS

12

May

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Preliminary" 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 States-, see inside back cover for order information. For 1988-93, the complete official
time series of NIPA estimates can be found as follows:
1988

1989

1991-93

July 1992 SURVEY

Most tables
NIPA*S, VOl. 2
Tables 1.15, i.i6> 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

1990

Aug. 1993 SURVEY
Sept 1993 SURVEY

July 1994 SURVEY

Sept. 1992 SURVEY
Aug. 1994 SURVEY
Apr 1993 SURVEY

Sept. 1994 SURVEY
Aug. 1994 SURVEY
July 1994 SURVEY

Aug. 1994 SURVEY
Aug 1993 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 <CA 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 Income.
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
1993

1994

1994

1993

IV

I

II

1993

1995
III

IV

1994

IV

I

Gross domestic
product
6,343.3 6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,979.7
Personal consumption
4,378,2 4,628.4 4,469.6 4,535.0 4,586.4 4,657.5 4,734.8 4,785.8
expenditures
Durable goods
538.0 591.5 562.8 576.2 580.3 591.5 617.7 614.7
Nondurable goods
1,339.2 1,394.3 1,355.2 1,368.9 1,381.4 1,406.1 1,420.7 1,433.1
Services
2,501.0 2,642.7 2,551.6 2,589.9 2,624.7 2,659.9 2,696.4 2,737.9
Gross private domestic
882.0 1,032.9 922.5 966.6 1,034.4 1,055.1 1,075.6 1,110.1
investment
Fixed investment
866.7 980.7 913.5 942.5 967.0 992.5 1,020.8 1,054.8
616.1 697.6 646.3 665.4 683.3 709.1 732.8 766.9
Nonresidential
173.4 182.8 176.7 172.7 181.8 184.6 192.0 200.0
Structures
Producers' durable
equipment . . ...
442.7 514.8 469.6 492.7 501.5 524.5 540.7 566.9
Residential
250.6 283.0 267.2 277.1 283.6 283.4 288.0 287.9
Change in business
24.1
67.4
55.3
62.6
54.8
15.4
52.2
inventories
9.0
47.4
54.4
Nonfarm
60.4
10.7
53.4
45.9
20.1
22.3
7.4
Farm
-4.7
6.4 -1.7
7.0
.9
9.2
1.8
Net exports of goods and
services
-65.3 -98.2 -71.2 -86.7 -97.6 -109.6 -98.9 -113.1
659.1 718.7 680.3 674.2 704.5 730.5 765.5 775.8
Exports
ImDOrts
724.3 816.9 751.4 760.9 802.1 840.1 864.4 888.9
1,148.4 1,175.3 1,157.2 1,159.8 1,166.7 1,188.8 1,185.8 1,196.9
Government purchases
Federal
....
443.6 437.3 439.8 437.8 435.1 444.3 431.9 433.6
302.7 292.3 299.1 291.7 291.7 300.5 285.3 283.8
National defense
140.9 145.0 140.7 146.1 143.5 143.8 146.6 149.8
Nondefense
704.7 738.0 717.4 722.0 731.5 744.5 753.8 763.3
State and local

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


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

I

II

1995
III

IV

I

5,134.5 5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.0
3,458.7 3,579.6 3,506.2 3,546.3 3,557.8 3,584.7 3,629.6 3,646.1
489.9 532.1 510.8 521.7 522.2 529.6 554.8 549.1
1,078.5 1,109.5 1,088.0 1,098.3 1,104.3 1,113.4 1,121.9 1,129.0
1,890.3 1,938.1 1,907.4 1,926.3 1,931.4 1,941.8 1,952.9 1,968.0
819.9
804.6
591.6
147.7

951.5

903.8
672.4
150.6

862.5
851.7
627.2
148.7

898.9
873.4
643.6
144.1

950.9
891.7
657.9
151.0

967.3
910.2
680.0
151.6

989.1 1,024.6
939.7 972.3
708.2 742.3
155.6 160.9

443.9
213.0

521.9
231.3

478.5
224.5

499.4
229.9

506.9
233.8

528.4
230.2

552.6
231.5

581.4
230.0

15.3
18.5
-3.2

47.8
40.7
7.1

10.8
10.7
.1

25.4
22.1
3.3

59.2
51.7
7.5

57.1
47.4
9.7

49.4
41.7
7.7

52.3
49.8
2.5

104.0 -111.8 -117.0
619.6 643.9 666.5
723.6 755.6 783.5
919.9 917.1 932.0
341.7 334.7 343.5
228.5 226.1 233.0
113.2 108.7 110.5
578.3 582.4 588.5

107.1
697.9
805.0
922.2
330.4
219.1
111.3
591.8

120.0
702.2
822.2
919.4
326.9
215.C
111.8
592.f

73.9 -110.0 -82.2
602.5 657.0 625.2
676.3 766.9 707.4
929.8 922.8 931.5
356.6 337.6 351.1
243.7 226.7 238.7
113.0 110.9 112.4
573.1 585.2 580.4

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

SURVEY OF CURRENT BUSINESS
Table 13.—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
1993

1994

1993

IV

Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods!
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services *
.
Structures

1994

I

II

Seasonally adjusted at annual rates
1995

III

IV

6,327.9 6,686.2 6,469.2 6,550.6 6,622.5 6,729.1 6,842.4 6,924.4
52.2

9.0

24.1

67.4

62.6

,54.8

55.3

2,405,8 2,584.7 2,461.6 2,513.2 2,561.2 2,606.2 2,658.1 2,691.4
2,390.4 2,532.4 2,452.6 2,489.1 2,493.7 2,543.6 2,603.3 2,636.1
15.4

52.2

9.0

24.1

67.4

62.6

55.3

54.8

1,041.0 1,153.6 1,081.9 1,118.7 1,137.6 1,170.0 1,188.1 1,221.7
1,032.4 1,118.8 1,072.9 1,098.2 1,099.4 1,125.8 1,151.8 1,174.5
8.6

34.8

9.0

20.6

38.2

44.1

47.2

36.3

1,364.8 1,431.1 1,379.7 1,394.5 1,423.5 1,436.3 1,470.0 1,469.8
1,358.0 1,413.6 1,379.7 1,390.9 1,394.3 1,417.8 1,451.5 1,461.6
6.7

17.4

0

3.5

29.2

18.5

8.2

18.5

3,405.5 3,576.2 3,459.3 3,503.8 3,555.4 3,603.6 3,641.9 3,682.9
532.0

577.6

557.2

557.7

573.4

581.9

1994

1993

605.4

597.3

1993

IV

I

6,343.3 6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,979.7

15.4

• 13

May 1995

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

II

I

1995

ill

I

IV

5,134.5 5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.0
5,119.3 5,296.2 5,207.2 5,235.7 5,254.9 5,310.0 5,384.4 5,417.7
15.3

47.8

10.8

25.4

59.2

57.1

49.4

52.3

2,081.8 2,223.1 2,135.5 2,168.8 2,201.3 2,235.5 2,286.9 2,316.2
2,066.5 2,175.4 2,124.7 2,143.3 2,142.1 2,178.4 2,237.5 2,264.0
15.3

47.8

10.8

25.4

59.2

57.1

52.3

49.4

986.0 1,092.1 1,033.6 1,061.4 1,071.9 1,102.5 1,132.5 1,167.9
977.7 1,060.9 1,024.7 1,041.7 1,038.2 1,063.2 1,100.6 1,124.6
8.3

31.2

8.9

19.7

33.7

39.3

43.3

32.0

1,095.8 1,131.0 1,101.9 1,107.4 1,129.4 1,133.0 1,154.4 1,148.3
1,088.8 1,114.4 1,100.0 1,101.7 1,103.9 1,115.2 1,136.9 1,139.3
7.0

16.6

5.7

1.9

25.5

17.8

9.0

17.4

2,597.6 2,644.5 2,611.2 2,625.8 2,635.8 2,653.9 2,662.4 2,666.4
455.1

476.4

471.3

466.5

476.9

477.6

484,5

487.4

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
6,343.3
Less: Exports of goods and
659:1
services
Plus: Imports of goods and
services
724.3
Equals: Gross domestic
r
purchases
6,408.6
Less: Change in business
15.4
inventories
Equals: Final sales to 2
domestic purchasers ..... 6,393.2

[Billions of 1987 dollars]

6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,979.7
718.7

680.3

6742

704.5

730.5

765.5

7758

816.9

751.4

7609

802.1

840.1

864.4

8889

6,836.6 6,549.3 6,661.4 6,787.5 6,901.3 6,996.1 7,092.8
52.2

9.0

241

67.4

62.6

54.8

55.3

6,784.4 6,540.3 6,637.3 6,720.1 6,838.7 6,941.3 7,037.5

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

5,134.5

5,344.0 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.0

602.5

657.0

6252

619.6

643.9

666.5

697.9

702.2

676.3

766.9

707.4

723.6

755.6

783.5

805.0

822.2

5,208.4 5,454.0 5,300.2 5,365.1 5,425.8 5,484.0 5,540.9 5,590.0
15.3

47.8

10.8

25.4

59.2

57.1

49.4

52.3

5,193.1 5,406.2 5,289.4 5,339.7 5,366.6 5,426.9 5,491.5 5,537.7

•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.

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

6,343.3 6,738.4 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,979.7
5,371.4 5,723.2 5,494.4 5,575.7 5,677.9 5,771.8 5,867.2 5,936.4
5,293.8 5 669.2 5431 7 55247 56187 5710.7 58226 5,909 9
4,771.0 5,118.4 4,899.5 4,975.0 5,075.0 5,159.7 5,264.1 5,344.8
522.7 550.7 5322 5496 5438 551.0
558.5 5651
75.3

84.9

79.2

87.1

83.2

82.3

87.0

-30.9

-16.5

-36.1

-24.0

-21.1

-42.4

-60.4

285.3

302.7

291.0

295.7

300.1

304.7

310.1

313.7

10.8

11.4

10.9

11.1

11.3

11.5

11.6

11.8

274.5

291.3

280.0

284.5

288.8

293.2

298.5

686.6

712.6

692.7

703.3

711.8

715.2

719.9

729.6

203.6
483.0

2062
506.4

2025
4902

206.3
497.1

208.4
503.4

205.4
509.8

204.7
515.2

207.6
521.9

2.3

4,844.0




87.0

301.9

Gross domestic
product
Business
Nonfarm
Nonfarm less housing ....
Housina
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 5,470.0
4,409.4 4,613.4 4,491.7 4,532.6 4,583.6 4,635.4 4,702.1 4,737.5
43364 4 556 1 44332 44861 4,521.3 4 567.9 4,649.2 4,700 7
3,925.5 4,137.4 4,017.9 4,070.6 4,103.5 4,148.1 4,227.3 4,276.7
423.9
4153
4155
417.8
419.8
421.9
410.9 4188
72.0

75.9

81.6

84.4

86.9

85.0

-24.9

-13.5

-29.3

-19.3

-17.0

-34.0

-48.2

215.6

223.0

218.1

220.1

222.5

223.8

225.6

226.9

90
2065

92

90

2137

2091

91
211 0

92
213.3

9.3
214.5

9.3
216.2

94
217.5

509.6

507.6

508.2

508.4

508.0

507.9

506.1

505.6

146.0
363.6

138.8
368.8

143.2
365.1

141.9
366.5

139.9
368.1

137.9
369.9

135.5
370.6

134.1
371.5

71.0

1.9

3,994.9

82.2

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