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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 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 IV HI 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
@FedFRASER