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SURVEY OF CURRENT BUSINESS

April 1986

National Income and Product Accounts Tables
New estimates in this issue: First quarter 1986, preliminary (p); for corporate profits and related items, fourth quarter and annual 1985,
revised.
The full set of National Income and Product Accounts estimates shown regularly in this part of the SURVEY are now available on diskette
for $240 per year (12 updates). For more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.

Table 1.1.—Gross National Product

Table 1.2.—Gross National Product in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1984

1985

I

IV

Gross national 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 of goods
and services
Federal
National defense
Nondefense
State and local

1985

1984
II

III

IV

2,423.0 2,582.3 2,480.1 2,525.0 2,563.3 2,606.1 2,634.8 2,670.6
331.1 361.5 341.5 351.5 356.5 376.0 362.0 362.4
872.4 912.2 383.1 895.7 910.2 914.5 928.3 939.2
1,219.6 1,308.6 1,255.4 1,277.8 1,296.6 1,315.6 1,344.6 1,369.1
674.0
607.0
427.9
147.6

669.3
661.8
476.2
170.2

676.2
637.2
458.1
157.2

657.6
639.1
459.6
166.1

672.8
657.3
474.2
169.7

666.1
665.9
478.5
170.4

680.7
685.0
492.5
174.5

708.0
678.3
479.6
174.2

280.2
179.1

306.0
185.6

300.9
179.1

293.5
179.4

304.5
183.1

308.1
187.4

318.0
192.5

305.4
198.7

67.1
58.0
9.1

7.5
11.8
43

39.0
36.4
2.6

18.5
14.2
4.3

15.5
10.8
4.7

.2 -4.3
3.1
19.0
-2.9 -23.3

29.7
30.4
-.7

-59.2 -78.5 -72.2 -42.3
384.6 369.9 389.5 379.6
443.8 448.4 461.7 421.9

703
369.2
439.5

87.8
363.2
451.0

113.4 -95.1
367.8 378.4
481.2 473.6

777.2
334.4
249.5
84.9
442.8

794.8
337.8
256.0
81.7
457.1

832.5
364.8
269.9
95.0
467.7

857.2
384.7
272.1
112.6
472.5

815.4
355.4
261.9
93.6
460.0

768.4
332.9
247.5
85.4
435.5

1985

I"

3,774.7 3,988.5 3,852.5 3,917.5 3,960.6 4,016.9 4,059.3 4,116.7

736.8
312.9
237.0
76.0
423.9

1984

1986

833.1
354.3
266.6
87.7
478.8

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

1984

1985

IV

I

Gross national product
3,492.0 3,570.0 3,515.6 3,547.8
Personal consumption
expenditures
2,239.9 2,313.0 2,262.0 2,288.6
Durable goods....
318.6 345.3 327.6 335.0
828.0 846.9 828.6 839.9
Nondurable goods
Services
1,093.3 1,120.8 1,105.8 1,113.7
Gross private domestic
investment
661.3 649.0 659.9 639.6
598.6 643.3 623.8 623.8
Fixed investment
Nonresidential
430.3 472.0 457.8 457.2
Structures
148.7 165.8 156.0 163.2
Producers' durable
equipment
281.6 306.3 301.9 293.9
Residential
168.3 171.2 166.0 166.7
Change in business
inventories
62.7
5.7
36.1
15.8
Nonfarm
10.6
55.9
34.6
11.8
Farm
6.8
48
1.5
4.0
Net exports of goods and
services
-85.0 -108.4 1002 -71.8
Exports
370.9 359.9 377.3 368.7
Imports
455.9 468.3 477.5 440.5
Government purchases of goods
and services
675.9 716.4 693.9 691.4
Federal
292.5 322.6 307.3 304.3
220.3 235.7 227.9 226.7
National defense .
Nondefense
72.3
86.9
79.5
77.6
State and local ..
383.3 393.8 386.6 387.1

1986
III

II

IV

I"

3,557.4 3,584.1 3,590.8 3,619.2
2,303.5 2,329.6 2,330.4 2,354.8
340.3 359.3 346.7 345.4
846.7 849.8 851.1 867.1
1,116.5 1,120.4 1,132.6 1,142.2
655.6
640.5
470.9
165.3

645.0
646.8
473.7
165.8

655.7
662.0
486.5
168.7

674.8
648.7
469.1
166.5

305.6
169.6

307.9
173.1

317.8
175.5

302.6
179.6

-6.3
-1.8
18.2
1.6
-3.4 -24.5

26.0
26.7
-.7

15.1
10.7
4.5
-101.1
358.2
459.3

1198
353.5
473.3

140.8
359.2
500.0

126.0
369.4
495.4

699.4
305.9
231.5
74.3
393.6

729.2
331.1
243.3
87.9
398.1

745.5
349.0
241.3
107.7
396.5

715.6
316.7
237.0
79.7
398.9

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

Table 1.3.—Gross National Product by Major Type of Product

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

[Billions of dollars]

[Billions of 1982 dollars]

Seasonally adjusted at annual rates

1984

1985

IV

Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures

1985

1984
I

II

III

IV

Seasonally adjusted at annual rates

1986
IP

3,774.7 3,988.5 3,852.5 3,917.5 3,960.6 4,016.9 4,059.3 4,116.7
3,707.6 3,981.1 3,813.5 3,899.0 3,945.0 4,016.7 4,063.6 4,086.9

29.7
.2
4.3
18.5
15.5
39.0
67.1
7.5
1,585.8 1,639.3 1,604.0 1,628.4 1,636.0 1,650.8 1,642.2 1,667.9
1,518.8 1,631.9 1,565.0 1,609.8 1,620.5 1,650.6 1,646.5 1,638.1
67.1
679.5
642.5

7.5
709.2
702.8

39.0
701.9
672.6

18.5
706.2
689.4

15.5
705.9
704.0

.2
714.8
721.2

4.3
710.0
696.7

29.7
712.8
691.9

37.0
906.3
876.2

6.4
930.1
929.0

29.3
902.2
892.5

16.9
922.1
920.5

1.8
930.2
916.5

6.4
935.9
929.4

13.4
932.2
949.8

20.9
955.0
946.2

6.6 -17.7
8.8
13.7
1.6
9.7
30.1
1.1
1,806.6 1,930.5 1,855.6 1,887.6 1,908.2 1,939.9 1,986.4 2,011.3
382.2 418.7 392.9 401.5 416.3 426.2 430.6 437.5

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




1984

1985

1984
IV

Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories
Durable goods
Final sales ..
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services .
Structures

1985
I

II

1986
III

IV

IP

3,492.0 3,570.0 3,515.6 3,547.8 3,557.4 3,584.1 3,590.8 3,619.2
3,429.3 3,564.3 3,479.5 3,532.0 3,542.3 3,585.8 3,597.1 3,593.2

62.7
5.7
36.1
15.8
15.1 -1.8
-6.3
26.0
1,506.4 1,532.4 1,510.5 1,530.3 1,531.5 1,541.0 1,526.8 1,548.6
1,443.7 1,526.7 1,474.4 1,514.6 1,516.3 1,542.7 1,533.1 1,522.6
62.7
655.4
619.9

5.7
676.5
670.8

36.1
672.6
644.8

15.8
673.1
657.2

15.1
674.2
672.6

-1.8
680.3
686.4

-6.3
678.6
666.8

26.0
680.9
661.6

35.5
851.0
823.9

5.8
855.9
855.9

27.9
837.9
829.6

15.8
857.3
857.3

1.6
857.3
843.8

-6.1
860.7
856.3

11.8
848.3
866.3

19.3
867.7
860.9

I
27.1
0
8.2
13.5
4.4 -18.0
6.7
1,615.4 1,644.2 1,630.1 1,636.0 1,633.9 1,643.4 1,663.5 1,667.4
370.2 393.4 375.0 381.5 392.0 399.7 400.5 403.2

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

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