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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 Exports Imports Government purchases of goods and services Federal National defense .. Nondefense State and local 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 1987 1988 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 -90.3 428.0 551.1 518.7 611.9 440.4 565.6 459.7 585.4 487.8 599.9 507.1 597.5 536.1 616.0 543.8 634.1 924.7 963.6 932.2 947.3 945.2 961.6 955.3 992.2 382.0 295.3 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.