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January ippj

SURVEY OF CURRENT BUSINESS

NATIONAL INCOME

AND PRODUCT

ACCOUNTS

Selected NIPA Tables
New estimates in this issue: "Advance" estimates for the fourth quarter of 1994 and annual 1994.
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.) These
tables 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. For order information, write
to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or
call (202) 606-9700.
Tables containing the estimates for 1929-87 are available in the two-volume set National Income and Product
Accounts of the United States*, inside back cover for order information. For 1988-93, the complete official time
series of NIPA estimates can be found as follows:
1989

1990

1991-93

July 1992 SURVEY

Aug. 1993 SURVEY
Sept. 1993 SURVEY
»

July 1994 SURVEY

1988
NIPA'S, vol. 2
Most tables
„....<>...
Tables 1.15, 1.16, and 7.15 ......
»
Tables 3.15-3.20 and 9.1-9.6 . . .
Tables 7.1, 7.2, 7.3, and 8.1 .... Aug. 1994 SURVEY
Tables 7.4-7.12 ............... Apr. 1993 SURVEY

»

Sept. 1992 SURVEY
Aug. 1994 SURVEY
Apr. 1993 SURVEY

»

Sept. 1994 SURVEY
Aug. 1994 SURVEY
July 1994 SURVEY

Aug. 1994 SURVEY
Aug. 1993 SURVEY

Summary NIPA series back to 1929 are in the September 1994 issue of the SURVEY. Errata to published NIPA
tables appear in the September 1992, April 1993, October 1993, March 1994, and November 1994 issues. NIPA
tables are also available, most beginning with 1929, on diskettes or magnetic tape. For more information on the
presentation of the estimates, "A Look at How BEA Presents the NIPA'S" in the February 1994 SURVEY.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

i. National Product and IncomeTable 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

£.easonally adjust*xJ at ann ual rates

1993

19 34

19 93

1994

III

IV

I

I!

1993
III

Gross domestic
6,343.3 6,736.9 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,891.1
product
Personal consumption
4,378.2 4,627.0 4,401.2 4,469.6 4,535.0 4,586.4 4,657.5 4,728.9
expenditures
Durable goods
... 538.0 590.9 541.9 562.8 576.2 580.3 591.5 615.6
1,339.2 1,393.8 1,340.2 1,355.2 1,368.9 1,381.4 1,406.1 1,418.9
Nondurable goods
2,501.0 2,642.2 2,519.1 2,551.6 2,589.9 2,624.7 2,659.9 2,694.5
Services
Gross private domestic
investment
...... 882.0 1,037.5 8822 922.5 966.6 1,034.4 1,055.1 1,093.9
Fixed investment ................ 866.7 979.8 8683 913,5 942.5 967.0 992.5 1,0171
Nonresidential
......... 616.1 697.5 619.0 646.3 665.4 683.3 709.1 732.0
Structures
... 173.4 182.6 173.9 176.7 172.7 181.8 184.6 1913
Producers' durable
equipment
..... 442.7 514.9 445.1 469.6 492.7 501.5 524.5 540.8
Residential
250.6 282.3 249.3 267.2 277.1
283.6 283.4 285.1
Change in business
57.7
15.4
241
inventories
13.9
9.0
674
626
768
Nonfarm
.....
51.3
20.1
10.7
22.3
24.2
68.9
60.4
53.4
Farm
-4.7
6.5 -10.3
-1.7
1.8
7.0
9.2
7.9
Net exports of goods and
services -..
-65.3 -102.1 -77.0 -71.2 -86.7 -97.6 -109.6 -114.3
Exports
659.1 716.1
649.0 680.3 674.2 704.5 730.5 755.3
Imports . . . . .
7243 8182
760 9 8021
7260 7514
8401
8696
Government purchases ........ 1,148.4 1,174.6 1,152.9 1,157.2 1,159.8 1,166.7 1,188.8 1,182.6
443.6 436.6 442.7 439.6 437.8 435.1
Federal
444.3 429.2
300.5 284.4
302.7 292.1 299.0 299.1 291.7
291.7
National defense
140.7
140.9
144.5
146.1
143.5
143.8
Nondefense
143.6
144.8
704.7 737.9 710.2
State and local
717.4
744.5 753.4
722.0 731.5
DigitizedNoiE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
for FRASER


1993

1994

III

IV

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

1994

I

IV

II

III

IV

5,134.5 5,342.3 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,426.8
3,458.7 3,578.5 3,472.2 3,506.2 3,546.3 3,557.8 3,584.7 3,625.1
522.2 529.6 552.4
521.7
492.7 510.8
489.9 531.5
1,078.5 1,109.3 1,081.7 1,088.0 1,098.3 1,104.3 1,113.4 1,121.1
1,890.3 1,937.8 1,897.8 1,907.4 1,926.3 1,931.4 1,941.8 1,951.7
819.9

955.5

821.8

862.5

898.9

950.9

967.3 1,004.9

804.6
591.6
147.7

903.1
672.4
150.4

808.8
597.9
147.5

851.7
627.2
148.7

873.4
643.6
144.1

891.7
657.9
151.0

910.2
680.0
151.6

936.9
708.2
154.9

443.9
213.0

522.0
230.6

450.3
211.0

478.5
224.5

499.4
229.9

506.9
233.8

528.4
230.2

553.3
228.7

15.3
18.5
-3.2

52.4
45.3

13,0
20.9
-7.9

10.8

25.4
22.1

59.2
51.7

57.1
47.4

68.0
59.9

7.1

1.0.7

.1

3.3

7.5

9.7

8.1

-73.9 -114.2

-86.3

-82.2 -104.0 -111.8 -117.0 -124.1

602.5
676.3

654.8
769.0

595.3
681.6

625.2
707.4

929.8

922.5

931.8

931.5

919.9

356.6
243.7
113.0
573.1

337.3
226.5
110.7
585.2

355.6
240.9
114.7
576.2

351.1
238.7
112.4
580.4

341.7
228.5
113.2
578.3

619.6
723.6

643.9
755.6

666.5
783.5

689.0
813.1

917.1

932.0

920.9

334.7
226.1
108.7
582.4

343.5
233.0
110.5
588.5

329.2
218.6
110.6
591.8

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

SURVEY OF CURRENT BUSINESS

8 • January 1995

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

Table 1.3.—Gross Domestic Product by Major Type of Product
[Billions of dollars]

[Billions of 1987 dollars]

S easonally adjustsMl at ann ual rates
1993

I

IV

Hi

Gross domestic
product
Final sales of domestic
product
Change in business
inventories
..
Goods l
Final sales
Change in business
inventories
Durable goods
.....
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services1 ...
. .
Structures

19 94

19 93

1994

Seasonally adjusted at annual rates

II

6,343,3 6,736.9 6,359.2 6,478.1 6,574.7

6,689.9

IV

6,791.7 6,891.1

6,327.9 6,679.1 6,345.4 6,469.2 6,550.6 6,622.5 6,729.1 6,814.3
15.4

57.7

13.9

9.0

24.1

67.4

76.8

62.6

2,405.8 2,585.8 2,395.8 2,461.6 2,513.2 2,561.2 2,606.2 2,662.7
2,390.4 2,528.1 2,381.9 2,452.6 2,489.1 2,493.7 2,543.6 2,585.9
15.4

57.7

13.9

9.0

24.1

67.4

76.8

62.6

1,041.0 1,154.1 1,041.7 1,081.9 1,118.7 1,137.6 1,170.0 1,190.1
1,032.4 1,116.6 1,026.8 1,072.9 1,098.2 1,099.4 1,125.8 1,143.2

86

37.5

14.9

90

20.6

38.2

46.9

44.1

1,364.8 1,431.7 1,354.0 1,379.7 1,394.5 1,423.5 1,436.3 1,472.6
1,358.0 1,411.4 1,355.1 1,379.7 1,390.9 1,394.3 1,417.8 1,442.7

67

203

11

o

35

292

299

185

3,405.5 3,574.7 3,429.3 3,459.3 3,503.8 3,555.4 3,603.6 3,635.9
532.0

576.4

534.1

557.2

557.7

573.4

581.9

592.6

III

Gross domestic
product
...........
Final sales of domestic
product

Phanno in httcinocc

inventories
Goods l
Final sales
inventories
Durable goods
Final sales . .
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Servicesl
Structures

1994

1993

1994

1993

III

I

IV

II

ill

IV

5,134.5 5,342.3 5,139.4 5,218.0 5,261.1 5,314.1 5,367,0 5,426.8
5,119.3 5,289.8 5,126.5 5,207.2 5,235.7 5,254.9 5,310.0 5,358.8
15.3

52.4

13.0

10.8

25.4

59.2

57.1

68.0

2,081.8 2,223.8 2,078.2 2,135.5 2,168.8 2,201.3 2,235.5 2,289.6
2,066.5 2,171.4 2,065.3 2,124.7 2,143.3 2,142.1 2,178.4 2,221.6

...

15.3

52.4

986.0 1,092.0
977.7 1,058.5
8.3

33.5

13.0

10.8

25.4

59.2

57.1

68.0

991.4 1,033.6 1,061.4 1,071.9 1,102.5 1,132.4
977.9 1,024.7 1,041.7 1,038.2 1,063.2 1,091.0
8.9

13.5

19.7

33.7

39.3

41.3

1,095.8 1,131.7 1,086.8 1,101.9 1,107.4 1,129.4 1,133.0 1,157.2
1,088.8 1,112.8 1,087.4 1,100.0 1,101.7 1,103.9 1,115.2 1,130.6
7.0

18.9

1.9

-.6

5.7

25.5

17.8

26.6

2,597.6 2,643.2 2,606.1 2,611.2 2,625.8 2,635.8 2,653.9 2,657.0
455.1

475.3

455.1

471,3

466.5

476.9

477.6

480.2

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]
6,343.3
Gross domestic product
Less: Exports of goods and
659.1
services
Plus: Imports of goods and
7243
services .
Equals: Gross domestic
purchases1
6,408.6
Less: Change in business
15.4
inventories
Equals: Final sales to 2
domestic purchasers ..... 6,393.2

[Billions of 1987 dollars]

6,736.9 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,891.1
716.1

649.0

680.3

674.2

704.5

730.5

755.3

8182

7260

751 4

7609

8021

8401

8696

6,838.9 6,436.3 65493 6,661.4 6,787.5 6,901.3 7,005.5
57.7

13.9

9.0

24.1

67.4

62.6

76.8

6,781.2 6,422.4 6,540.3 6,637.3 6,720.1 6,838.7 6,928.7

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.

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 Durchasers

5,134.5 5,342.3 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,426.8
602.5

654.8

595.3

625.2

619.6

643.9

666.5

689.0

676.3

769.0

681.6

707.4

723.6

755.6

783.5

813.1

5,208.4 5,456.5 5,225.8 5,300.2 5,365.1 5,425.8 5.484,0 5,550.9
15.3

52,4

13.0

10.8

25.4

59.2

57.1

68.0

5.193.1 5.404.1 5.212.8 52894 5.330.7 5.366.6 5.426.9 5.482.8

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 1,8.—Gross Domestic Product by Sector in Constant Dollars

Table 1.7.—Gross Domestic Product by Sector

[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

6,343.3 6,736.9 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,891.1
5,371.4 5,721.7 5,382.1 5,494.4 5,575.7 5,677.9 5,771.8 5,861.2

5 293 8 5,662 7 5,322.3 54317 55247 56187 57107 5796.5
4,771.0 5,112.0 4,796.4 4,899.5 4,975.0 5,075.0 5,159.7 5,238.5
522.7 550.6 525.8 532.2 549.6 543.8 551.0 558.1
82.3

85.8

-25.6

65.4
-5.5

83.2

2.3

-16.5 : -36.1

-24.0

-21.1

-21.1

285.3

302.7

286.9

291.0 ! 295.7

300.1

304.7

310.4

10.8

11.4

10.8

11.3

11.5

11.6

274.5

291.3

276.1

280.0 ! 284.5

288.8

293.2

298.8

75.3

84.6

79.2

10.9 i

87.1

11.1

686.6

712.5

690.2

692.7

703.3

711.8

715.2

719.5

203.6
483.0

206.1
506.3

204.3
485.9

202.5 i 206.3
490.2 497.1

208.4
503.4

205.4
509.8

204.4
515.1

4,844.0




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

5,134,5 5,342.3 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,426.8
4,409.4 4,611.4 4,413.3 4,491.7 4,532.6 4,583.6 4,635.4 4,694.1
4,336.4 4,550.3 4,353.8 4,433.2 4,486.1 4,521.3 4,567.9 4,626.0
3,925.5 4,131.6 3,941.1 4,017.9 4,070.6 4,103.5 4,148.1 4,204.1
410.9 418.8 412.7 415.3 415.5 417.8 419.8 421.9
81.7

75.9

81.6

84.4

85.0

-20.6

64.0
-4.5

72.0

1.9

-13.5

-29.3

-19.3

-17.0

-16.9

215.6

223.1

217.0

218.1

220.1

222.5

223.8

225.9

9.0
206.5

9.2
213.8

9.0
208.0

9.0
209.1

9.1
211.0

9.2
213.3

9.3
214.5

9.3
216.6

509.6

507.8

509.1

508.2

508.4

508.0

507.9

506.8

146.0
363.6

139.0
368.8

145.1
364.0

143.2 141.9
365.1 \ 366.5

139.9
368.1

137.9
369.9

136.0
370.8

71.0

3,994.9

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