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8

SURVEY OF CURRENT BUSINESS

January 1989

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1988.
The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are
updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annual
NIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They
are Released, Where They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The full set of estimates for 1985-87 is in the July 1988 issue of the SURVEY; estimates for 1984 are in the July 1987 issue; estimates for 1983
are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003010-00174-7, price $23.00). These publications are available from the Superintendent of Documents; see address on inside front cover.
The full set of NIPA tables is available on diskette for $240 per year (12 updates, for the quarterly estimates prepared each month). For
more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1.—Gross National Product

Table 1.2.—Gross National Product in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

1988

1987

1987

IV

III

Gross national 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

Seasonally adjusted at annual rates

1988
I

II

1987
III

IV

4,526.7 4,861.8 4,568.0 4,662.8 4,724.5 4,823.8 4,909.0 4,989.9

Government purchases of goods
and services
Federal
National defense ..
Nondefense
State and local

Gross national product

1988
IV

III

I

II

III

IV

3,847.0 3,995.0 3,865.3 3,923.0 3,956.1 3,985.2 4,009.4 4,029.2

3,012.1 3,226.0 3,058.2 3,076.3 3,128.1 3,194.6 3,261.2 3,320.1

Personal consumption
expenditures

2,521.0 2,591.1 2,545.2 2,531.7 2,559.8 2,579.0 2,603.8 2,621.9

421.9
449.9 441.4
422.0 437.8 449.8 452.9 459.3
997.9 1,047.2 1,006.6 1,012.4 1,016.2 1,036.6 1,060.8 1,075.2
1,592.3 1,728.9 1,610.2 1,641.9 1,674.1 1,708.2 1,747.5 1,785.6

Durable goods
Nondurable goods
Services

390.9 408.6 406.5 387.6 401.1 410.6 410.4 412.5
890.5 892.7 893.6 904.5 908.7
890.5 899.9 891.9
1,239.5 1,282.6 1,246.8 1,253.6 1,265.9 1,274.8 1,288.9 1,300.7

Gross private domestic
investment

712.9

765.5

702.8

764.9

763.4

758.1

772.5

767.9

673.7
446.8
139.5

717.4
487.7
142.3

688.3
462.1
143.0

692.9
464.1
147.7

698.1 . 714.4
471.5 487.8
140.1 142.3

722.8
493.7
143.8

734.3
497.8
142.8

307.3 . 345.5
226.9 229.7

319.1
226.2

316.3
228.8

331.3
226.6

345.5
226.5

349.9
229.1

355.1
236.4

39.2
40.7
-1.5

14.5
17.8
-3.3

72.0
72.8
-.8

65.3
49.4
15.9

43.7
33.1
10.6

49.7
41.9
7.8

33.7
42.7
-9.0

Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
..
Net exports of goods and
services

-123.0

48.1
41.8
6.3

-93.2 -125.2 -125.7 -112.1 -90.4

-80.0

-90.3

428.0
551.1

Exports
Imports

1987

1988

518.7
611.9

440.4
565.6

459.7
585.4

487.8
599.9

507.1
597.5

536.1
616.0

543.8
634.1

924.7

963.6

932.2

947.3

945.2

961.6

955.3

992.2

382.0
295.3
86.7
542.8

380.2
297.5
82.7
583.4

386.3
299.8
86.4
546.0

391.4
299.2
92.2
555.9

377.7
298.4
79.3
567.5

382.2
298.8
83.4
579.4

367.7
294.3
73.4
587.6

393.2
298.4
94.9
599.0

Exports
Imports
Government purchases of goods
and services
Federal
National defense
Nondefense
State and local

674.8

721.8

667.9

724.7

728.9

715.1

726.1

717.1

640.4
445.1
125.5

679.3
487.2
124.7

654.9
462.8
128.0

657.6
464.8
132.1

662.9
473.4
124.0

679.7
490.2
125.0

686.6
495.0
125.8

687.9
490.4
124.0

319.6
195.2

362.5
192.1

334.7
192.1

332.7
192.7

349.4
189.5

365.1
189.6

369.2
191.6

366.4
197.4

34.4
36.9
-2.5

42.5
39.7
2.8

13.0
18.3
-5.3

67.1
68.2
-1.1

66.0
51.9
14.1

35.3
30.1
5.3

39.5
40.4
-.8

29.2
36.6
-7.4

-128.9

-99.1 -130.7 -126.0 -109.0

-93.9 -100.7

-92.6

427.8
556.7

503.7
602.8

440.9
571.6

459.2
585.2

486.2
595.1

496.9
589.5

514.0
607.9

517.6
618.3

780.2

781.2

782.9

792.6

776.4

783.8

773.5

790.9

339.0
264.9
74.1
441.2

328.1
261.0
67.1
453.1

342.1
269.5
72.6
440.8

347.7
268.2
79.5
444.9

327.8
264.6
63.2
448.7

331.6
263.6
67.9
452.2

320.1
256.4
63.7
453.4

332.9
259.5
73.5
458.0

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

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

Table 1.3.—Gross National Product by Major Type of Product

Table 1.4.—Gross National Product by Major Type of Product in
Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1987

1988

1987
III

Gross national product
Final sales
Change in business
inventories
Goods

....

Final sales
Change in business
inventories.

1987

1988
IV

I

II

III

4,487.5 4,813.7 4,553.5 4,590.7 4,659.2 4,780.1 4,859.3 4,956.3

39.2

48.1

14.5

72.0

65.3

43.7

49.7

33.7

1,792.5 1,938.5 1,812.9 1,849.3 1,879.5 1,928.0 1,960.1 1,986.3
1,753.3 1,890.4 1,798.4 1,777.3 1,814.2 1,884.3 1,910.4 1,952.6

48.1

14.5

72.0

65.3

43.7

49.7

33.7

Durable goods
Final sales
Change in business
inventories

776.3
749.7

858.1
826.9

792.2
789.3

808.7
758.2

819.3
792.7

849.5
831.6

881.6
836.4

882.0
846.9

26.6

31.2

2.9

50.5

26.6

17.8

45.1

35.1

Nondurable goods
Final sales
Change in business
inventories

1,016;2

Structures

1,080.4 1,020.7 1,040.7 1,060.1 1,078.5 1,078.5 1,104.2
1,003.6 1,063.4 1,009.1 1,019.1 1,021.5 1,052.7 1,074.0 1,105.7

12.6

16.9

11.6

21.6

38.6

25.9

4.6

-1.5

2,295.7 2,476.8 2,314.4 2,363.9 2,405.2 2,451.5 2,501.6 2,548.8
438.4

446.6

440.6

449.5

439.9

444.3

447.3

454.8

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




Gross national product

4,526.7 4,861.8 4,568.0 4,662.8 4,724.5 4,823.8 4,909.0 4,989.9

39.2

Services

III

IV

Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories

1988

1987

1988

IV

I

II

III

IV

3,847.0 3,995.0 3,865.3 3,923.0 3,956.1 3,985.2 4,009.4 4,029.2
3,812.6 3,952.5 3,852.2 3,855.9 3,890.1 3,949.9 3,969.9 4,000.0

34.4

42.5

13.0

67.1

66.0

35.3

39.5

29.2

1,663.3 1,762.4 1,677.5 1,713.9 1,748.1 1,762.4 1,768.9 1,770.3
1,628.9 1,719.9 1,664.5 1,646.8 1,682.2 1,727.1 1,729.4 1,741.1

34.4

42.5

13.0

67.1

66.0

35.3

39.5

29.2

Durable goods . . .
Final sales
Change in business
inventories

774.6
750.7

864.3
836.7

793.7
790.8

812.7
767.2

832.5
809.0

861.7
845.8

885.0
844.6

877.8
847.4

23.9

27.6

45.5

23.5

15.9

40.4

30.4

Nondurable goods
Final sales
Change in business
inventories

888.8
878.2

898.2
883.3

883.8
873.7

901.2 • 915.6
879.6 873.2

900.7
881.3

884.0
884.9

892.5
893.7

14.9

10.1

19.4

_ g

-1.2

Services
Structures

10.5

2.9

21.6

42.4

1,801.1 1,854.8 1,806.6 1,822.3 1,833.4 1,846.1 1,862.8 1,876.7
382.6

377.8

381.1

386.7

374.6

376.7

377.7

382.2

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

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