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SURVEY OF CURRENT BUSINESS March 1995 7 NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: "Final" estimates for the fourth quarter of 1994. Note: The NIPA estimates of corporate profits for the fourth quarter will not be revised next month, because of a speedup in the availability of key source data. The selected set of 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; see 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 Most tables NTPA'S, vol. 2 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. For more information on the presentation of the estimates, see "A Look at How BEA Presents the NIPA'S" in the February 1995 SURVEY. NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division. i. National Product and Income. Table It—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 1993 1993 1994 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 . .. ;.; Imoorts Government purchases Federal National defense Nondefense State and local 1993 1994 IV II I III 6,343.3 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 4,378.2 4,628.4 4,401.2 4,469.6 4,535.0 4,586.4 4,657.5 4,734.8 538.0 591.5 541.9 562.8 576.2 580.3 591.5 617.7 1,339.2 1,394.3 1,340.2 1,355.2 1,368.9 1,381.4 1,406.1 1,420.7 2,501.0 2,642.7 2,519.1 2,551.6 2,589.9 2,624.7 2,659.9 2,696.4 882.0 1,032.9 882.2 922.5 966.6 1,034.4 1,055.1 1,075.6 866.7 616.1 173.4 980.7 697.6 182.8 868.3 619.0 173.9 913.5 646.3 176.7 942.5 665.4 172.7 967.0 683.3 181.8 992.5 1,020.8 709.1 732.8 184.6 192.0 442.7 250.6 514.8 283.0 445.1 249.3 469.6 267.2 492.7 277.1 501.5 283.6 524.5 283.4 540.7 288.0 15.4 20.1 -4.7 52.2 45.9 24.1 22.3 67.4 60.4 62.6 53.4 54.8 47.4 -65.3 659.1 724.3 13.9 24.2 9.0 -10.3 10.7 -1.7 -98.2 77.0 -71.2 718.7 816.9 649.0 726.0 680.3 751.4 6.4 9.2 7.4 -86.7 -97.6 -109.6 -98.9 674.2 760.9 704.5 802.1 730.5 840.1 765.5 864.4 1.8 7.0 1,148.4 1,175.3 1,152.9 1,157.2 1,159.8 1,186.7 1,188.8 1,185.8 443.6 302.7 140.9 704.7 437.3 292.3 145.0 738.0 442.7 299.0 143.6 710.2 439.8 299.1 140.7 717.4 437.8 291.7 146.1 722.0 435.1 291.7 143.5 731.5 444.3 300.5 143.8 744.5 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 431.9 285.3 146.6 753.8 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 II I IV III IV 5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 3,458.7 3,579.0 3,472.2 3,506.2 3,546.3 3,557.8 3,584.7 3,629.6 489.9 532.1 492.7 510.8 521.7 522.2 529.6 554.8 1,078.5 1,109.5 1,081.7 1,088.0 1,098.3 1,104.3 1,113.4 1,121.9 1,890.3 1,938.1 1,897.8 1,907.4 1,926.3 1,931.4 1,941.8 1,952.9 819.9 951.5 821.8 862.5 898.9 950.9 967.3 989.1 804.6 591.6 147.7 903.8 672.4 150.6 808.8 597.9 147.5 851.7 627.2 148.7 873.4 643.6 144.1 891.7 657.9 151.0 910.2 680.0 151.6 939.7 708.2 155.6 443.9 213.0 521.9 231.3 450.3 211.0 478.5 224.5 499.4 229.9 506.9 233.8 528.4 230.2 552.6 231.5 15.3 18.5 47.8 40.7 13.0 20.9 -7.9 10.8 10.7 25.4 22.1 59.2 51.7 57.1 47.4 49.4 41.7 -s.a 7.1 .1 3.3 7.5 9.7 7.7 -73.9 -110.0 -86.3 -82.2 -104.0 -111.8 -117.0 -107.1 602.5 676.3 657.0 766.9 595.3 681.6 625.2 707.4 929.8 922.8 931.8 356.6 243.7 113.0 573.1 337.6 226.7 110.9 585.2 355.6 240.9 114.7 576.2 619.6 723.6 643.9 755.6 666.5 783.5 697.9 805.0 931.5 919.9 351.1 238.7 112.4 580.4 341.7 228.5 113.2 578.3 917.1 932.0 922.2 334.7 226.1 108.7 582.4 343.5 233.0 110.5 588.5 330.4 219.1 111.3 591.8 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. SURVEY OF CURRENT BUSINESS 8 • March 1995 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 1993 1994 1993 III Gross domestic product Final saies of domestic product Change in business inventories Goods 1 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 1994 I IV II 6,343,3 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 6,327.9 6,686.2 6,345.4 6,469.2 6,550.6 6,622.5 6,729.1 6,842.4 15.4 52.2 13.9 9.0 24.1 67.4 54.8 62.6 2,405.8 2,584.7 2,395.8 2,461.6 2,513.2 2,561.2 2,606.2 2,658.1 2,390.4 2,532.4 2,381.9 2,452.6 2,489.1 2,493.7 2,543.6 2,603.3 15.4 52.2 13.9 9.0 24.1 67.4 54.8 62.6 1,041.0 1,153.6 1,041.7 1,081.9 1,118.7 1,137.6 1,170.0 1,188.1 1,032.4 1,118.8 1,026.8 1,072.9 1,098.2 1,099.4 1,125.8 1,151.8 8.6 34.8 14.9 9.0 20.6 38.2 36.3 44.1 1,364.8 1,431.1 1,354.0 1,379.7 1,394.5 1,423.5 1,436.3 1,470.0 1,358.0 1,413.6 1,355.1 1,379.7 1,390.9 1,394.3 1,417.8 1,451.5 6.7 17.4 -1.1 0 3.5 29.2 18.5 18.5 3,405.5 3,576.2 3,429.3 3,459.3 3,503.8 3,555.4 3,603.6 3,641.9 532.0 577.6 534.1 557.2 557.7 573.4 581.9 III IV III 597.3 1993 1994 1993 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 Services l Structures . . . . 1994 I IV II III IV 5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5.433.8 5,119.3 5,296.2 5,126.5 5,207.2 5,235.7 5,254.9 5,310.0 5,384.4 15.3 47.8 13.0 10.8 25.4 59.2 57.1 49.4 2,081.8 2,223.1 2,078.2 2,135.5 2,168.8 2,201.3 2,235.5 2,286.9 2,066.5 2,175.4 2,065.3 2,124.7 2,143.3 2,142.1 2,178.4 2,237.5 15.3 47.8 986.0 1,092.1 977.7 1,060.9 8.3 31.2 13.0 10.8 25.4 59.2 57.1 49.4 991.4 1,033.6 1,061.4 1,071.9 1,102.5 1,132.5 977.9 1,024.7 1,041.7 1,038.2 1,063.2 1,100.6 8.9 13.5 19.7 33.7 39.3 32.0 1,095.8 1,131.0 1,086.8 1,101.9 1,107.4 1,129.4 1,133.0 1,154.4 1,088.8 1,114.4 1,087.4 1,100.0 1,101.7 1,103.9 1,115.2 1,136.9 7.0 16.6 1.9 -.6 5.7 25.5 17.4 17.8 2,597.6 2,644.5 2,606.1 2,611.2 2,625.8 2,635.8 2,653.9 2,662.4 455.1 476.4 455.1 471.3 466.5 476.9 477.6 484.5 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: Gross1 domestic purchases Less: Change in business inventories Equals: Final sales to 2 domestic purchasers 6,343.3 [Billions of 1987 dollars] 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 659.1 718.7 649.0 680.3 674.2 704.5 730.5 765.5 724.3 8169 7260 751.4 760.9 802.1 840.1 864.4 6,408.6 6,836.6 6,436.3 6,549.3 6,661.4 6,787.5 6,901.3 6,996.1 15.4 52.2 13.9 9.0 24.1 67.4 62.6 54.8 6,393.2 6,784.4 6,422.4 6,540.3 6,637.3 6,720.1 6,838.7 6,941.3 Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross1 domestic purchases Less: Change in business inventories Equals: Final sales to 2 domestic purchasers 5,134.5 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 6025 6570 5953 6252 6196 6439 6665 6979 676.3 766.9 681.6 707.4 723.6 755.6 783.5 805.0 5,208.4 5,454.0 5,225.8 5,300.2 5,365.1 5,425.8 5,484.0 5,540.9 15.3 47.8 13.0 10.8 25.4 59.2 57.1 49.4 5,193.1 5,406.2 5,212.8 5,289.4 5,339.7 5,366.6 5,426.9 5,491.5 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 Nonfarrn 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 6,738.4 6,359.2 6,478.1 6,574.7 6,689.9 6,791.7 6,897.2 5,371.4 5,723.2 5,382.1 5,494.4 5,575.7 5,677.9 5,771.8 5,867.2 5,293.8 5,669.2 5,322.3 5,431.7 5,524.7 5,618.7 5,710.7 5,822.6 4,771.0 5,118.4 4,796.4 4,899.5 4,975.0 5,075.0 5,159.7 5,264.1 5227 5507 5258 532.2 5496 543.8 551.0 558.5 753 849 87.0 65.4 -5.5 79.2 87.1 83.2 82.3 -30.9 -16.5 -36.1 -24.0 -21.1 -42.4 285.3 302.7 286.9 291.0 295.7 300.1 304.7 310.1 108 274.5 11 4 291.3 108 276.1 109 280.0 11 1 284.5 11 3 288.8 115 293.2 11.6 2.3 298.5 686.6 712.6 690.2 692.7 703.3 711.8 715.2 719,9 203.6 483.0 2062 506.4 204.3 485.9 202.5 490.2 206.3 497.1 208.4 503.4 205.4 509.8 204.7 515.2 48440 Gross domestic product Business Nonfarrn 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 5,344.0 5,139.4 5,218.0 5,261.1 5,314.1 5,367.0 5,433.8 4,409.4 4,613.4 4,413.3 4,491.7 4,532.6 4,583.6 4,635.4 4,702.1 4 336.4 45561 43538 4,433.2 4,486.1 4,521.3 4,567.9 4,649.2 3,925.5 4,137.4 3,941.1 4,017.9 4,070.6 4,103.5 4,148.1 4,227.3 410.9 418.8 412.7 415.3 415.5 417.8 419.8 421.9 64.0 -4.5 72.0 75.9 81.6 84.4 86.9 -24.9 -13.5 -29.3 -19.3 -17.0 -34.0 215.6 223.0 217.0 218.1 220.1 222.5 223.8 225.6 90 206.5 92 213.7 90 208.0 9.0 209.1 9.1 211.0 9.2 213.3 9.3 214.5 9.3 216.2 509.6 507.6 509.1 508.2 508.4 508.0 507.9 506.1 146.0 363.6 138.8 368.8 145.1 364.0 143.2 365.1 141.9 366.5 139.9 368.1 137.9 369.9 135.5 370.6 71.0 1.9 3,994.9 82.2
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