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SURVEY OF CURRENT BUSINESS March 1992 NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: Fourth quarter and annual 1991, final. 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.) Alternative quantity and price measures and a few series for tables 1.10 and 1.16 are not yet available; leaders are shown for these parts. The tables shown 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. Most shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information, write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230, or call (202) 523-0669. NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division. 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 1990 1990 1991 III 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 IV I II HI 3,785.2 3,812.0 3,827.7 3,868.5 3,916.4 3,943.7 3,742.6 440.7 440.0 452.9 447.3 465.9 445.2 467.1 451.9 1,217.7 1,251.9 1,228.4 1,246.4 1,246.3 1,252.9 1,257.4 1,251.1 2,059.0 2,191.9 2,089.6 2,113.6 2,140.7 2,175.6 2,206.1 2,245.2 802.6 726.7 821.8 750.9 709.3 708.8 740.9 747.9 802.7 587.0 198.7 745.2 550.1 174.6 807.7 596.3 201.7 787.4 585.2 191.2 748.4 560.0 184.0 745.8 554.6 180.0 744.5 546.8 169.0 742.0 539.0 165.2 388.3 215.7 375.5 195.1 394.7 211.4 394.0 202.2 375.9 188.4 374.7 191.2 377.8 197.7 373.8 203.0 -18.5 -15.0 14.1 -36.5 -28.9 -39.2 -35.0 -37.1 -34.0 -3.6 -3.2 -7.6 -4.2 -3.1 0 -2.0 2.0 -3.5 9.6 4.4 -.4 6.0 12.1 -6.1 -74.4 -30.7 -82.5 -76.6 -36.8 -17.2 -37.3 -31.4 550.4 624.8 591.3 622.0 548.7 631.2 572.6 649.2 565.9 602.7 589.8 607.0 597.0 634.3 612.5 643.8 1,042.9 1,087.5 1,046.0 1,071.2 1,088.8 1,092.5 1,089.1 1,079.5 424.9 313.4 111.5 618.0 445.1 323.5 121.6 642.4 424.7 311.1 113.6 621.4 434.5 320.6 113.9 636.7 451.5 332.3 119.2 637.3 452.1 328.4 123.7 640.4 444.9 322.3 122.6 644.2 432.0 311.0 121.0 647.5 1990 1991 III IV 5,513.8 5,672.6 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Seasonally adjusted at annual rates 1990 1991 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 Government purchases Federal National defense Nondefense State and local 1991 IV I II IV III 4,884.9 4,848.8 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 3,262.6 3,259.0 3,281.2 3,251.8 3,241.1 3,252.4 3,271.2 3,271.1 408.9 418.3 412.2 440.3 424.0 410.8 438.9 412.5 1,050.8 1,043.0 1,053.7 1,044.7 1,043.9 1,046:2 1,046.1 1,035.8 1,797.2 1,806.8 1,823.1 1,773.0 1,803.4 1,787.3 1,783.1 1,786.3 744.5 673.7 760.3 696.6 657.0 656.3 686.5 694.9 744.2 548.8 177.9 687.6 512.4 154.0 746.4 555.5 180.0 727.8 544.5 170.4 689.8 519.1 163.3 686.8 514.8 158.9 686.5 510.0 148.4 687.2 505.6 145.4 370.8 195.5 358.3 175.2 375.5 190.9 374.0 183.3 355.8 170.7 355.8 172.0 361.6 176.5 360.1 181.7 13.9 -31.2 -25.7 -32.8 -31.1 .1 -2.8 7.6 9.2 -5.5 -1.7 -30.4 -30.8 .4 .2 -1.5 1.7 -13.9 -13.9 0 9.9 4.0 2.9 -1.6 -51.3 -20.9 -65.7 -31.2 -18.6 -12.3 -31.1 -21.3 505.7 557.0 537.8 558.7 501.6 567.4 522.5 553.7 512.5 531.1 535.7 548.0 545.2 576.3 558.0 579.3 929.1 937.1 927.5 937.9 944.5 944.3 936.1 923.3 380.9 281.3 384.9 281.4 103.5 552.2 378.4 278.0 100.4 549.1 382.6 282.0 100.6 555.3 391.7 289.4 102.3 552.7 392.7 287.0 105.7 551.7 384.5 280.4 104.1 551.6 370.7 268.7 102.0 552.7 99.6 548.2 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. SURVEY OF CURRENT BUSINESS March 1992 Table 1.3.—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 1990 1990 1991 III Gross domestic product ... Final sales of domestic product . Change in business inventories Goods1 Final sales . Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Services1 Structures Seasonally adjusted at annual rates 1991 I IV II III III IV 5,513.8 5,672.6 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 5,513.8 5,691.1 5,556.5 5,594.0 5,628.2 5,689.6 5,712.8 5,733.8 0 -18.5 -36.5 14.1 -39.2 -37.1 6.0 -3.6 2,167.6 2,193.2 2,195.6 2,158.0 2,169.4 2,186.1 2,210.5 2,206.8 2,167.6 2,211.7 2,181.6 2,194.5 2,208.6 2,223.2 2,214.1 2,200.8 0 927.7 934.6 -7.0 185 14.1 -36.5 -39.2 -37.1 -3.6 901.3 926.5 953.8 939.3 897.7 927.2 873.0 916.4 906.1 939.5 920.3 929.4 906.1 920.5 14.5 -29.4 -43.5 -33.5 -9.2 -14.5 -25.1 1,239.9 1,291.9 1,233.0 1,285.2 6.9 6.0 1,241.8 1,260.2 1,296.4 1,280.1 1,290.3 1,300.7 1,242.3 1,267.3 1,292.1 1,283.7 1,284.7 1,280.3 5.6 20.4 -3.6 -.4 -7.1 4.3 2,864.8 2,905.5 2,951.7 2,999.0 3,035.1 3,065.7 494.0 467.9 467.4 463.5 467.3 466.5 510.1 6.7 2,834.0 3,012.9 512.2 1990 1991 1990 Gross domestic product Final sales of domestic product Change in business inventories Goods1 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 1991 I IV II IV III 4,884.9 4,848.8 4,903.3 4,855.1 4,824.0 4,840.7 4,8627 4,868.0 4,884.7 4,862.7 4,889.4 4,886.3 4,856.8 4,871.2 4,862.6 4,860.3 .2 -13.9 13.9 -31.2 -32.8 -30.4 .1 7.6 1,968.5 1,928.6 1,917.0 1,922.0 1,940.5 1,936.4 1,957.8 1,942.9 1,954.6 1,959.8 1,949.8 1,952.4 1,940.4 1,928.8 1,958.0 1,929.0 .2 139 13.9 -31.2 -32.8 -30.4 .1 7.6 886.2 892.9 850.1 873.0 905.4 892.3 857.5 884.8 827.0 866.4 852.8 883.3 865.5 873.9 855.1 868.6 -6.7 -22.9 1,071.8 1,078.8 1,065.0 1,069.8 6.9 -13.4 -8.4 13.1 -27.3 -39.4 -30.5 1,063.1 1,071.1 1,090.0 1,069.2 1,074.9 1,081.3 1,062.3 1,075.0 1,083.4 1,069.1 1,066.5 1,060.2 .1 8.4 6.6 -3.9 .8 21.1 2,476.3 2,481.8 2,487.6 2,502.7 2,511.8 2,516,2 458.5 444.6 419.4 416.1 410.4 415.3 415.3 9.0 2,464.8 2,504.6 462.0 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 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 5,513.8 5,672.6 5,570.5 Less: Exports of goods and 550.4 591.3 548.7 services Plus: Imports of goods and services ..... 624.8 622.0 631.2 Equals: Gross domestic purchases ' . .. 5,588.1 5,703.3 56530 Less: Change in business 0 14.1 inventories -18.5 Equals: Final sales to 2 5,588.2 5,721.8 5,638.9 domestic purchasers [Billions of 1987 dollars] 5,557.5 55890 56526 5,709.2 5,739.7 572.6 565.9 589.8 597.0 612.5 649.2 602.7 607.0 634.3 643.8 5,634.0 56258 5,669.8 5,746.5 5,771.1 -36.5 -39.2 -37.1 -3.6 6.0 5,670.6 5,665.0 5,706.8 5,750.1 5,765.1 4,884.9 4,848.8 4,903.3 Gross domestic product Less: Exports of goods and 505.7 537.8 501.6 services Plus: Imports of goods and services . . . . 557.0 558.7 567.4 Equals: Gross domestic l 4,936.2 4,869.7 4,969.1 purchases Less: Change in business .2 -13.9 13.9 inventories Equals: Final sales to 2 4,936.0 4,883.6 4,955.1 domestic purchasers 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 522.5 512.5 535.7 545.2 558.0 553.7 531.1 548.0 576.3 579.3 4,886.3 4,842.6 4,853.1 4,893.8 4,889.3 -31.2 -32.8 -30.4 .1 7.6 4,917.5 4,875.4 4,883.5 4,893.7 4,881.7 1. Purchases by U.S. residents of goods and services wherever produced. 2. Rnal 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 5,513.8 5,672.6 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,739.7 4,699.4 4,803.3 4,748.7 4,722.3 4,734.7 4,786.8 4,835.0 4,856.8 4,605.6 4,704.1 4,634.8 4,640.4 4,640.1 4,687.2 4,730.1 4,759.1 4,155.8 4,231.2 4,179.5 4,180.6 4,175.7 4,217.6 4,256.0 4,275.4 449.8 472.9 455.3 459.8 464.3 469.7 474.1 483.7 85.7 80.4 18.8 85.7 28.2 79.8 2.1 76.6 18.0 83.1 16.5 82.9 22.0 79.2 18.6 225.1 246.4 228.9 233.3 237.5 243.7 249.9 254.3 91 91 2161 95 2368 2198 91 224.2 92 228.3 95 234.2 9.6 240.2 98 244.5 589.2 622.9 592.9 601.9 616.8 622.0 624.3 628.6 1794 1888 4341 1791 1810 1894 1887 1884 1886 413.8 420.9 427.4 433.2 435.9 440.0 8.1 4098 4,245.1 Gross domestic nroduct 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 4,884.9 4,848.8 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,868.0 4,180.4 4,134.7 4,196.4 4,145.1 4,111.4 4,126.4 4,148.6 4,152.4 4,101.9 4,045.3 4,099.9 4,071.2 4,024.6 4,040.1 4,055.6 4,061.1 3,711.3 3,650.6 3,708.4 3,678.3 3,631.2 3,645.9 3,660.4 3,664.8 392.9 393.4 394.2 395.2 396.3 390.6 394.8 391.5 73.2 16.2 71.7 24.9 72.0 7.2 1.9 71.1 15.7 72.1 14.3 74.1 18.9 75.4 15.9 195.7 202.1 197.2 197.9 198.8 201.1 203.1 205.4 8.6 187.1 8.6 193.5 8.5 188.7 8.4 189.4 8.4 190.4 8.6 192.6 8.6 194.5 8.6 196.7 508.8 512.0 509.6 512.1 513.9 513.2 511.0 510.2 1557 1551 1553 1562 1570 353.1 356.9 354.4 356.0 356.9 155.5 357.7 154.4 356.6 153.5 356.6 71.4 37858