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SURVEY OF CURRENT BUSINESS

January 1992

NATIONAL

INCOME

AND PRODUCT

ACCOUNTS

Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1991, advance.
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.) Table
6.ic is shown here for the first time since the release of the comprehensive NIPA revision. As this issue goes to
press, the following quarterly tables are not yet available: Tables 7.4, 7.6, 7.9, 7.11, and 7.12. Also, parts of tables
1.10, 1.16, 7.1, 7.2, 7.3, 7.13, and 8.1 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. See page
23 for information on how to obtain historical estimates.
The complete set of NIPA tables that usually appears in July issues of the SURVEY OF CURRENT BUSINESS
has been updated and redesigned to reflect changes introduced in the recent comprehensive revision. Most of
the tables are now available and are shown, for the period 1987-90, following the "Selected NIPA Tables."
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

Seasonally adjusted at annual rates
1990

1990

1991

ill

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

1990

1991

IV

I

II

Hi

3,742.6 3,886.8 3,785.2 3,812.0 3,827.7 38685 3,916.4 3,934.4
465.9 445.2 467.1 451.9 440.7 440.0 452.9 447.2
1,217.7 1,251.0 1,228.4 1,246.4 1,246.3 1,252.9 1,257.4 1,247.6
2,059.0 2,190.5 2,089.6 2,113.6 2,140.7 2,175.6 2,206.1 2,239.6
802.6

725.3

821.8

750.9

709.3

708.8

740.9

742.3

802.7
587.0
198.7

745.6
550.4
174.5

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

743.4
540.3
164.8

388.3
215.7

376.0
195.1

394.7
211.4

394.0
202.2

375.9
188.4

374.7
191.2

377.8
197.7

375.6
203.1

14.1

-36.5
-28.9

-39.2
-35.0

-37.1
-34.0

-3.6
-3.2

-1.1

0

-20.2
-17.0
-3.2

9.6
4.4

-74.4

-27.1

-82.5

76.6

550.4
624.8

593.3
620.4

548.7
631.2

572.6
649.2

-2.0

2.0

-7.6

-.4

-5.3

-4.2

-3.1

-36.8

-17.2

-37.3

-17.3

565.9
602.7

589.8
607.0

597.0
634.3

620.4
637.7

445.1
323.4
121.7
641.8

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

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




4.2

1,042.9 1,086.9 1,046.0 1,071.2 1,088.8 1,092.5 1,089.1 1,077.0
424.9
313.4
111.5
618.0

1991

III

IV

5,513.8 5,671.8 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,736.6

431.9
310.7
121.3
645.1

1990

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
iExports
Imoorts
Government purchases
Federal
National defense
Nondefense
State and local

1991

IV

1

II

IV

ii!

4,884.9 4,848.4 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,866.3
3,262.6 3,256.7 3,281.2 3,251.8 3,241.1 3,252.4 3,271.2 3,262.2
438.9 412.5 440.3 424.0 410.8 408.9 418.3 412.1
1,050.8 1,042.3 1,053.7 1,044.7 1,043.9 1,046.2 1,046.1 1,033.0
1,773.0 1,801.9 1,787.3 1,783.1 1,786.3 1,797.2 1,806.8 1,817.1
744.5

672.6

760.3

696.6

657.0

656.3

686.5

690.6

744.2
548.8
177.9

687.7
512.7
153.9

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

687.9
506.9
144.8

370.8
195.5

358.8
175.1

375.5
190.9

374.0
183.3

355.8
170.7

355.8
172.0

361.6
176.5

362.1
181.0

.2

-15.1
-15.3
.2

13.9

-31.2
-25.7

-32.8
-31.1

.1
-2.8

2.7
3.6

-5.5

-1.7

-30.4
-30.8
.4

-1.5

1.7

9.9
4.0

2.9

-1.0

-51.3

-17.6

-65.7

-31.2

-18.6

-12.3

-31.1

505.7
557.0

539.6
557.2

501.6
567.4

522.5
553.7

512.5
531.1

535.7
548.0

545.2
576.3

929.1

936.7

927.5

937.9

944.5

944.3

936.1

921.9

380.9
281.3

384.8
281.4
103.4
551.9

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

370.2
268.9
101.3
551.7

99.6

548.2

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

-8.3

565.1
573.4

SURVEY OF CURRENT BUSINESS

6 • January 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

1991

1990

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
Services l
Structures

Seasonally adjusted at annual rates

1991

I

IV

II

5,513.8 5,671.8 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,736.6
5,513.8 5,692.0 5,556.5 5,594.0 5,628.2 5,689.6 5,712.8 5,737.6

0

-20.2

14.1

-36.5

-39.2

-37.1

-1.1

-3.6

2,167.6 2,192.8 2,195.6 2,158.0 2,169.4 2,186.1 2,210.5 2,205.0
2,167.6 2,213.0 2,181.6 2,194.5 2,208.6 2,223.2 2,214.1 2,206.1
-20.2

14.1

-36.5

-39.2

-37.1

-3.6

-1.1

927.7
934.6

904.5
929.0

953.8
939.3

897.7
927.2

873.0
916.4

906.1
939.5

920.3
929.4

918.8
930.8

-7.0

-24.5

14.5

-29.4

-43.5

-33.5

-9.2

-12.0

0

1,239.9 1,288.2 1,241.8 1,260.2 1,296.4 1,280.1 1,290.3 1,286.2
1,233.0 1,284.0 1,242.3 1,267.3 1,292.1 1,283.7 1,284.7 1,275.3
6.9

4.3

-.4

-7.1

4.3

-3.6

5.6

10.9

2,834.0 3,012.7 2,864.8 2,905.5 2,951.7 2,999.0 3,035.1 3,065.0
512.2

466.4

510.1

494.0

467.9

467.4

463.5

1990

1991

1990

IV

III

466.6

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
Services l
Structures

4,884.9 4,848.4

1991

IV

4,903.3

II

I

IV

III

4,855.1 4,824.0 4,840.7 4,862.7 4,866.3

4,884.7 4,863.6 4,889.4 4,886.3 4,856.8 4,871.2 4,862.6 4,863.7

.2

-15.1

13.9

-31.2

-32.8

-30.4

.1

2.7

1,958.0 1,929.2 1,968.5 1,928.6 1,917.0 1,922.0 1,940.5 1,937.2
1,957.8 1,944.3 1,954.6 1,959.8 1,949.8 1,952.4 1,940.4 1,934.5

.2

-15.1

13.9

-31.2

-32.8

-30.4

.1

2.7

886.2
892.9

853.7
875.9

905.4
892.3

857.5
884.8

827.0
866.4

852.8
883.3

865.5
873.9

869.5
879.9

-6.7

-22.2

13.1

-27.3

-39.4

-30.5

-8.4

-10.4

1,071.8 1,075.5 1,063.1 1,071.1 1,090.0 1,069.2 1,074.9 1,067.7
1,065.0 1,068.4 1,062.3 1,075.0 1,083.4 1,069.1 1,066.5 1,054.6
6.9

7.0

.8

-3.9

6.6

.1

8.4

13.0

2,464.8 2,504.5 2,476.3 2,481.8 2,487.6 2,502.7 2,511.8 2,516.0
462.0

414.8

458.5

444.6

419.4

416.1

410.4

413.2

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
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

5,513.8

[Billions of 1987 dollars]

5,671.8 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,736.6

5504

5933

5487

5726

5659

5898

5970

620.4

6248

6204

631 2

6492

6027

6070

6343

6377

5,588.1 5,699.0 5,653.0 5,634.0 5,625.8 5,669.8 5,746.5 5,753.8

0

-20.2

14.1

-36.5

-39.2

-37.1

-3.6

-1.1

5,588.2 5,719.2 5,638.9 5,670.6 5,665.0 5,706.8 5,750.1 5,754.9

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

4,884.9

4,848.4 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,866.3

5057

539.6

501 6

522.5

512.5

535.7

545.2

565.1

5570

5572

5674

553.7

531.1

548.0

576.3

573.4

4,936.2 4,866.0 4,969.1 4,886.3 4,842.6 4,853.1 4,893.8 4,874.6

.2

-15.1

13.9

-31.2

-32.8

-30.4

.1

2.7

4,936.0 4,881.2 4,955.1 4,917.5 4,875.4 4,883.5 4,893.7 4,872.0

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

5,513.8 5,671.8 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,736.6

Gross domestic
product

805

857

766

831

829

795

19.6

28.2

2.1

18.0

16.5

22.0

22.0

225.1

246.4

228.9

233.3

237.5

243.7

249.9

254.4

91
216.1

95
236.8

91
219.8

91
224.2

92
228.3

9.5
234.2

9.6
240.2

9.8
244.6

Business
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions

General government

589.2

622.6

592.9

601.9

616.8

622.0

624.3

627.2

Federal
State and local
Addendum:
Gross domestic business
product less housing

179.4
409.8

188.8
433.7

179.1
413.8

181.0
420.9

189.4
427.4

188.7
433.2

188.4
435.9

188.8
438.3

Private households
Nonprofit institutions




4,699.4 4,802.9 4,748.7 4,722.3 4,734.7 4,786.8 4,835.0 4,855.0
46056 47027 46348 46404 46401 4 687.2 47301 4 753.5
4,155.8 4,229.9 4,179.5 4,180.6 4,175.7 4,217.6 4,256.0 4,270.3
449.8 472.8 455.3 459.8 464.3 469.7 474.1 483.2

857
8.1

4,245.1

798

4,884.9 4,848.4 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,866.3
4,180.4 4,134.1 4,196.4 4,145.1 4,111.4 4,126.4 4,148.6 4,150.1
4,101.9 4044.0 4,099.9 4,071.2 4,024.6 4,040.1 4,055.6 4,055.9
3,711.3 3,649.3 3,708.4 3,678.3 3,631.2 3,645.9 3,660.4 3,659.8
392.9 393.4 394.2 395.2 396.0
390.6 394.7 391.5
71.1
74.1
75.5
72.1
732
717
72.0
71 4
18.8
24.9
15.7
18.9
14.3
7.2
16.9
1.9
195.7

202.2

197.2

197.9

198.8

201.1

203.1

205.7

8.6
187.1

8.6
193.6

8.5
188.7

8.4
189.4

8.4
190.4

8.6
192.6

8.6
194.5

8.6
197.1

General government

508.8

512.1

509.6

512.1

513.9

513.2

511.0

510.5

Federal
State and local
Addendum:
Gross domestic business
product less housing

155.7
353.1

155.2
356.9

155.3
354.4

156.2
356.0

157.0
356.9

155.5
357.7

154.4
356.6

153.8
356.6

3,785.8

SURVEY OF CURRENT BUSINESS
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income and Personal Income

January 1992 •

Table 1.10.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, and National Income in Constant
Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Seasonally adjusted at annual rates
1990

1990

1991

III

Gross domestic product
Plus: Receipts of factor
income from the rest of the
world '
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital Consumption
allowances .
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to persons .
Business transfer
payments to persons .
Equals: Personal income
Addenda:
Net domestic product (1-5)
Domestic income (13-2+3)
Gross national income
(4-11)

Seasonally adjusted at annual rates

1991

IV

II

I

1990

IV

III

1991

IV

I

II

5,513.8 5,671.8 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,736.6

147.7

145.4

158.3

147.9

131.6

132.0

137.0

139.1

132.6 I 125.2

123.5

121.0

5,576.8 5,583.2 5,611.7 5,660.6 5,720.1

594.8

623.5

598.3

605.4

615.4

620.0

623.7

635.1

548.5

562.4

547.1

547.0

550.8

556.2

564.6

577.8

-46.2
4,929.8

-61.2

439.2

470.7

442.3

451.2

461.6

464.5

475.6

481.0

27.7

31.2

27.6
28.2

28.5

29.6
18.0

30.7
16.5

31.8
22.0

32.8

-5.2

10,8

8.1

4.8

.6

501.7

2.1

2.7

1.9

-57.3

4.8

-7.1

4,475.2 4,506.8 4,489.8 4,530.8 4,559.8

4,459.6

319.0
490.1

-51.2 -58.4 -64.5 -63.8 -59.1
4,978.5 4,977.8 4,996.3 5,040.6 5,096.4

481.3

299.8
491.8

296.1
506.4

302.1
492.6

303.5
481.6

306.1
480.1 "470.8

527.3

505.8

509.3

522.9

525.7

529.5

.1
721.3

-.1
719.4

0
729.1

.2
736.9

.2
730.1

-.4
721.8

0
716.7

124.8

128.5

124.8

127.0

128.7

127.4

128.7

129.4

661.7

732.8

664.4

682.2

712.5

725.7

736.8

756.2

23.2

26.3

23.2

23.6

24.7

25.8

26.9

27.8

•

o

709.1

4,679.8 4,833.9 4,719.3 4,764.7 4,768.0 4,821.1 4,853.3 4,893.1
4,919.0 5,048.3 4,972.2 4,952.1 4,973.6 5,032.6 5,085.5 5,101.5
4,469.0 4,481.1 4,467.1 4,522.8 4,548.9
4,448.9
5,516.5

Gross domestic product
Plus: Receipts of factor
income from the rest of the
world1
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
product
Less: Consumption of fixed
capital
Equals: Net national product
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of goverment
enterprises
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product (1-5)
Domestic income (9-2+3) ..
Gross national income
(4-8)

4,884.9 4,848.4

IV

HI

4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,866.3

130.2

127.2

137.4

126.8

111.8

111.4

120.4

121.4

114.7

107.0

104.7

102.2

4,909.2 4,877.7 4,843.7 4,847.8 4,872.0

4,894.6
550.5
4,344.2

7.2

568.4

552.4

556.7

561.9

565.3

569.0

577.5

4,356.7 4,321.0 4,281.8 4,282.5 4,303.0

1.9

24.9

15.7

14.3

18.9

4,334.4 4,280.0 4,350.9 4,298.3 4,262.0 4,275.4 4,293.7 4,288.8
3,990.5 3,965.3 3,919.3 3,931.2 3,942.3
3,993.9
4,887.5

4,884.4 4,875.9 4,828.2 4,833.7 4,853.2

1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.

531.3

5,548.6 5,581.1 5,593.7 5,644.1 5,698.1

1. Consists largely of receipts by U.S. residents ofinterest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.




1990

1991

III

5,524.5

7

Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
[Billions of 1987 dollars]
4,894.6
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
635.8
Plus: Command-basis exports
of goods and services and
receipts of factor income l . 620.8
Equals: Command-basis
gross national product .... 4,879.7
Addendum:
Terms of trade 2
97.6

4,909.2 4,877.7 4,843.7 4,847.8 4,872.0

628.9

659.9

639.3

647.5

656.6

620.6

625.0

625.8

644.5

654.7

4,900.9 4,842.8 4,830.2 4,844.9 4,870.1
98.7

94.7

97.9

99.6

99.7

1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

SURVEY OF CURRENT BUSINESS

January 1992 • 25

i. National Product and IncomeTable 1.1 .—Gross Domestic Product
[Billions of dollars]
Seasonally adjusted at annual rates

Line

1987

1988

1989

1987

1990

II

I

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

1
2
3
4
5

III

IV

I

II

1990

1989

1988

III

IV

II

I

III

IV

II

I

IV

III

4,539.9 4,900.4 5,244.0 5,513.8 4,408.3 4,494.9 4,573.5 4,683.0 4,752.4 4,857.2 4,947.3 5,044.6 5,139.9 5,218.5 5,277.3 5,340.4 5,422.4 5,504.7 5,570.5 5,557.5
3,052.2 3,296.1 3,517.9 3,742:6 2,962.8 3,030.1 3,091.4 3,124.6 3,199.1 3,260.5 3,326.6 3,398.2 3,436.5 3,490.6 3,551.7 35928 3,667.3 3,706.0 3,785.2 3,812.0
403.7
437.1
467.1
459.8
465.9
384.9
401.4 419.7
408.8 428.8
474.5
479.9
464.6
451.9
433.1
433.5 452.9 449.4 457.2
458.0
1,011.1 1,073.8 1,146.9 1,217.7 989.0 1,007.6 1,018.4 1,029.4 1,041.5 1,062.0 1,085.8 1,105.8 1,120.0 1,142.5 1,155.3 1,169.8 1,194.9 1,200.9 1,228.4 1,246.4
1,637.4 1,785.2 1,911.2 2,059.0 1,588.8 1,621.2 1,653.3 1,686.4 1,728.8 1,765.4 1,807.3 1,839.5 1,867.1 1,891.0 1,921.9 1,965.0 1,992.5 2,040.4 2,089.6 2,113.6

6

749.3

793.6

837.6

802.6

725.2

733.9

737.9

800.2

770.6

788.4

800.7

814.8

844.7

844.3

826.8

834.4

812.0

825.9

821.8

750.9

7
8
9
10
11
12
13
14

723.0
497.8
171.3
326.5
225.2

777.4
545.4
182.0
363.4
232.0.

801.6
570.7
193.1
377.6
230.9

702.1
479.3
164.1
315.2
222.8

716.1
489.7
166.4
323.2
226.4

753.8
526.8
176.6
350.2
227.0

774.6
544.1
181.4
362.6
230.5

783.6
550.3
183.1
367.3
233.3

797.5
560.2
186.8
373.4
237.3

801.6
565.1
191.1
374.0
236.5

802.0
570.2
190.0
380.2
231.8

803.5
574.2
194.9
379.3
229.2

799.4
573.4
196.5
376.8
226.0

815.3
586.3
202.4
384.0
229.0

800.2
580.0
199.5
380.5
220.3

807.7
596.3
201.7
394.7
211.4

16.2

36.0
35.5

17.3
32.0

43.2
36.1

42.3
35.3

25.6
17.1

-12.3

-11.2

-14.7

7.1

35.1
42.2
-7.2

-3.3
-6.0

-3.1

23.3
28.3
-5.0

14.1

28.2

-4.8

16.8
23.8
-7.0

13.8
26.0

.5

17.8
26.9
-9.1

787.4
585.2
191.2
394.0
202.2
-36.5
-28.9

-11.3

23.1
31.9
-8.7

733.0
507.8
174.8
333.0
225.2
4.9
9.7

740.9
514.3
180.0
.334.3
226.5

26.3
32.7
-6.4

802.7
587.0
198.7
388.3
215.7
0

-143.1 -108.0

-82.9

-74.4

-98.5

-106.0

-88.9

-83.0

-82.1

444.2
552.2

504.9
587.8

550.4
624.8

467.0
573.1

486.1
575.0

506.2
589.2

15
16
17

364.0
507.1

27.5

-2:0

2.0

59.3
62.4

17.1

-140.3 -145.1 -143.8 -143.2 -122.0 -105.6
336.3
476.5

355.7
500.8

371.5
515.3

392.4
535.6

418.5
540.5

452.4
550.9

438.8
544.3

7.0

2.7

8.5

9.6
4.4

-77.5

-78.0

-60.4

-82.5

-76.6

506.2
588.3

521.3
598.8

534.6
612.6

545.9
606.3

548.7
631.2

572.6
649.2

-7.6

18

881.5

918.7

971.4 1,042.9

860.6

876.0

888.0

901.4

904.7

913.8

918.5

937.6

947.5

966.6

980.9

990.7 1,021.2 1,033.2 1,046.0 1,071.2

19
20
21
22

384.9
292.1

387.0
295.6

375.6
283.8

384.5
291.6

387.1
296.9

392.5
295.8

386.6
296.7

386.0
294.8

383.5
294.0

392.0
296.8

392.6
293.9

92.9

91.4

91.8

92.9

90.1

96.7

89.9

91.2

89.5

95.2

98.7

496.6

531.7

401.4
300.0
101.5
570.0

485.0

491.5

501.0

509.0

518.1

527.8

535.1

545.7

554.9

401.9
298.5
103.3
564.7

407.6
305.8
101.8
573.3

403.7
301.6
102.1
587.0

424.9
313.4
111.5
618.0

417.2
309.3
107.9
604.0

423.3
312.7
110.7
609.9

424.7
311.1
113.6
621.4

434.5
320.6
113.9
636.7

Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Line

1987

1988

1989

1987

1990

I
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 . . .




1
2
3
4
5

II

III

IV

1

II

1990

1989

1988

III

IV

I

II

III

IV

I

II

III

IV

4,540.0 4,718.6 4,836.9 4,884.9 4,460.0 4,515.3 4,559.3 4,625.5 4,655.3 4,704.8 4,734.5 4,779.7 4,809.8 4,832.4 4,845.6 4,859.7 4,880.8 4,900.3 4,903.3 4,855.1
3,052.2 3,162.4 3,223.1 32626 3,011.5 3,046.8 3,075.8 3,074.7 3,128.2 3,147.8 3,170.6 3,202.9 3,200.9 3,208.6 3,241.1 3,241.6 3,258.8 3,258.6 3,281.2 3,251.8
452.7
438.7 440.3 424.0
389.4
417.7
404.7
403.7
428.7
403.1
454.3 435.6
440.8
438.9
425.1 426.9
423.8 439.2 433.6 439.9
1,011.1 1,035.1 1,049.3 1,050.8 1,005.6 1,011.3 1,012.9 1,014.6 1,023.5 1,031.0 1,039.3 1,046.8 1,047.1 1,043.3 1,051.4 1,055.3 1,054.4 1,050.3 1,053.7 1,044.7
1,637.4 1,698.5 1,732.9 1,773.0 1,616.5 1,632.4 1,645.2 1,655.5 1,679.6 1,690.0 1,707.5 1,716.9 1,720.3 1,725.4 1,735.4 1,750.7 1,751.8 1,769.6 1,787.3 1,783.1

6

749.3

773.4

789.2

744.5

729.3

735.7

738.4

793.8

756.9

769.4

782.2

785.0

803.2

797.4

776.8

779.2

754.9

766.0

760.3

696.6

7
8
9
10
11
12
13
14

723.0
497.8
171.3
326.5
225.2

753.4
530.8
174.0
356.8
222.7

756.6
542.4
177.4
365.0
214.2

706.8
481.1
165.4
315.7
225.7

718.3
490.7
167.3
323.4
227.7

737.7
517.7
171.6
346.1
220.0

753.3
531.4
174.4
356.9
222.0

758.6
535.2
174.1
361.0
223.5

764.1
538.8
175.7
363.1
225.3

761.9
540.0
177.8
362.2
221.9

758.5
543.6
175.0
368.6
215.0

756.6
544.7
178.4
366.3
211.9

749.2
541.3
178.6
362.7
207.9

758.9
550.7
182.3
368.4
208.2

743.8
544.3
178.9
365.4
199.5

746.4
555.5
180.0
375.5
190.9

19.9
26.9
-7.0

32.6
33.3

22.5
31.9
-9.4

17.3
26.9

733.0
508.6
174.7
333.9
224.3
5.4
9.9

733.9
510.6
177.9
332.7
223.3

26.3
32.7
-6.4

744.2
548.8
177.9
370.8
195.5
.2

59.9
62.1

19.2
23.7

16.1
24.1

23.5
29.4

38.9
33.4

13.9

-4.5

-8.1

-5.8

30.0
38.1
-8.1

22.1
15.5

-2.2

20.2
25.9
-5.7

-4.0
-5.5

-4.5

20.9
30.5
-9.6

41.2
35.8

-9.5

727.8
544.5
170.4
374.0
183.3
-31.2
-25.7
-5.5"

-.7

-1.5

1.7

5.5

5.5

1.5

6.7

9.9
4.0

-75.7

-51.3 -150.0 -146.3 -139.8 -136.0 -113.4

-98.1 -101.9 -102.7

-81.2

-71.9

-79.8

-70.0

-56.0

-52.5

-65.7

-31.2

16
17

364.0
507.1

421.6
525.7

469.2
544.9

505.7
557.0

342.1
492.1

356.5
502.7

371.5
511.3

386.1
522.1

407.1
520.5

417.2
515.2

424.1
526.1

438.2
540.9

451.2
532.4

469.5
541.3

470.5
550.3

485.8
5557

496.2
552.2

502.1
554.5

501.6
567.4

522.5
553.7

18

881.5

886.8

900.4

929.1

869.1

879.0

884.9

893.0

883.7

885.6

883.7

894.5

886.9

898.3

907.4

908.9

923.0

928.1

927.5

937.9

19
20
21
22

384.9
292.1

377.3
287.0

375.0
280.7

380.9
281.3

376.8
284.9

384.5
291.6

386.8
296.8

391.6
295.0

379.7
290.8

377.2
287.1

373.7
284.6

378.4
285.7

369.1
276.1

376.2
279.9

380.9
286.7

373.9
279.9

379.3
281.5

383.3
283.8

92.9

90.2

94.4

99.6

92.0

92.9

90.0

96.6

88.9

90.1

89.1

92.7

93.0

96.3

94.2

94.0

97.7

99.5

496.6

509.6

525.3

548.2

492.3

494.6

498.1

501.4

503.9

508.3

510.0

516.1

517.8

522.1

526.4

534.9

543.7

544.8

378.4
278.0
100.4
549.1

382.6
282.0
100.6
555.3

15

-143.0 -104.0

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