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SURVEY OF CURRENT BUSINESS 10 April 1987 National Income and Product Accounts Tables New estimates in this issue: First quarter 1987, preliminary (p); for corporate profits and related items, fourth quarter and annual 1986, revised. Estimates for 1929-82 are in The National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). Estimates for 1983-85 are in the July 1986 SURVEY. These publications are available from the Superintendent of Documents and Commerce Department District Offices; see addresses inside front cover. 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 1985 1986 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 II Seasonally adjusted at annual rates 1987 1986 III IV 2,600.5 2,762.5 2,667.9 2,697.9 2,732.0 2,799.8 2,820.4 2,854.3 385.4 403.1 359.3 388.1 362.0 360.8 373.9 414.5 932.7 922.6 929.7 928.4 932.8 940.1 962.8 905.1 1,336.1 1,441.7 1,383.2 1,407.4 1,429.8 1,452.4 1,477.2 1,506.1 661.1 650.0 458.2 154.8 683.6 677.0 460.0 143.3 669.5 672.6 474.0 157.2 708.3 664.4 459.2 154.6 687.3 672.8 457.5 141.5 675.8 680.3 459.0 139.5 663.2 690.3 464.3 137.5 704.8 672.0 447.0 130.2 303.4 191.8 316.7 217.0 316.8 198.6 304.6 205.3 316.0 215.3 319.5 221.3 326.8 226.0 316.8 225.0 11.1 12.2 -1.1 6.7 -3.1 7.7 16.7 -1.0 -19.9 43.8 41.2 2.7 -4.5 -27.1 14.5 10.5 -10.3 -10.8 5.8 -16.3 3.9 32.7 30.1 2.6 -78.9 -104.3 -105.3 -93.7 -104.5 -108.9 -110.2 -112.0 369.8 373.0 368.2 374.8 363.0 370.8 383.5 384.8 448.6 477.3 473.6 468.5 467.5 479.7 493.7 496.8 864.2 366.2 277.6 88.6 498.0 855.6 380.9 268.0 112.9 474.7 836.7 355.7 266.4 89.3 480.9 860.8 367.6 278.4 89.2 493.3 874.0 369.3 286.8 82.6 504.7 885.3 372.1 278.8 93.3 513.2 1986 P 3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2 815.4 354.1 259.4 94.7 461.3 1985 892.1 369.2 288.0 81.2 522.9 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1985 1987 1986 I IV Gross national product 3,585.2 3,674.9 3,622.3 3,655.9 Personal consumption expenditures 2,324.5 2,418.7 2,351.7 2,372.7 Durable goods 343.9 368.6 347.0 345.4 Nondurable goods 841.6 872.1 847.2 860.6 1,139.0 1,178.0 1,157.5 1,166.6 Services Gross private domestic investment 647.7 657.2 653.2 684.0 Fixed investment 638.6 650.7 658.4 644.1 456.7 476.9 457.8 Nonresidential 461.4 152.2 134.5 152.4 148.1 Structures Producers' durable equipment ''. 309.2 322.1 324.5 309.7 Residential . . . 177.2 194.0 181.5 186.3 Change in business 39.9 6.6 52 inventories 9.0 7.4 16.1 37.0 Nonfarm 10.9 2.9 Farm.. . .9 213 19 Net exports of goods and services 108.2 147.8 -132.0 -125.9 362.3 371.5 362.9 369.2 Exports Imports 470.5 519.3 494.8 495.1 Government purchases of goods and services 721.2 746.8 749.4 725.2 Federal 323.6 332.2 347.2 320.4 National defense 235.7 250.0 239.3 238.7 82.2 81.7 Nondefense 87.8 107.9 397.6 414.6 402.2 404.8 State and local II III IV 3,661.4 3,686.4 3,696.1 3,735.2 2,408.4 2,448.0 2,445.8 2,443.1 380.4 362.5 357.1 391.6 877.3 875.4 875.1 877.7 1,174.0 1,181.0 1,190.2 1,202.9 664.7 649.6 456.8 132.9 651.3 651.6 454.4 129.5 629.0 657.4 457.8 127.7 669.4 638.4 442.4 120.4 323.9 192.7 324.9 197.2 330.1 199.7 321.9 196.0 -.3 -28.5 -9.8 -8.6 8.3 -18.7 31.0 27.7 3.4 15.1 11.0 4.1 -153.9 -163.3 -148.0 -134.2 385.8 384.2 359.8 371.2 513.6 534.5 533.8 518.4 742.2 328.9 249.3 79.5 413.3 750.4 330.9 259.4 71.5 419.5 769.3 348.6 252.5 96.1 420.7 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 Seasonally adjusted at annual rates 1986 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 1987 1986 1985 I II III IV P 3,998.1 4,206.1 4,087.7 4,149.2 4,175.6 4,240.7 4,258.7 4,339.2 3,987.0 4,199.4 4,090.8 4,105.4 4,161.2 4,245.2 4,285.8 4,306.4 32.7 14.5 -4.5 -27.1 43.8 6.7 31 11.1 1,630.2 1,670.5 1,644.1 1,669.0 1,661.5 1,680.2 1,671.2 1,716.9 1,619.1 1,663.8 1,647.2 1,625.2 1,647.1 1,684.7 1,698.3 1,684.1 11.1 703.5 696.9 6.7 716.8 717.8 -3.1 711.8 702.3 43.8 710.6 682.0 14.5 703.1 703.2 6.6 926.7 922.2 10 953.7 946.0 9.5 932.3 945.0 28.6 958.4 943.1 958.5 943.9 4.5 -27.1 723.5 730.1 745.7 740.4 32.7 743.0 718.1 16.9 947.8 957.9 24.9 973.9 966.0 -.1 -15.6 950.1 939.0 7.9 11.1 -10.2 14.6 127 15.3 4.5 7.7 1,959.8 2,105.6 2,025.5 2,057.7 2,087.4 2,125.2 2,152.1 2,193.0 408.1 430.0 418.1 422.6 426.7 435.3 435.3 429.3 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 756.9 332.3 258.4 73.9 424.6 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 1985 P 1985 1986 IV 1987 1986 1985 I 3,585.2 3,674.9 3,622.3 3,655.9 Gross national product Final sales . . . . .. 3,576.2 3,668.4 3,627.5 3,616.1 Change in business 6.6 -5.2 39.9 9.0 inventories Goods . . .. 1,533.2 1,567.1 1,541.7 1,563.6 1,524.2 1,560.5 1,546.9 1,523.7 Final sales Change in business 9.0 52 39.9 inventories 6.6 688.6 679.0 700.2 691.3 Durable goods 673.2 701.4 682.8 662.6 Final sales Change in business 8.4 26.0 5.9 -1.2 inventories 854.2 866.9 850.4 875.0 Nondurable goods Final sales , 851.1 859.1 864.0 861.1 Change in business 13.9 7.7 -13.6 3.2 inventories Services 1,667.6 1,718.6 1,692.1 1,703.0 Structures 384.4 389.3 388.5 389.4 II III IV IP 3,661.4 3,686.4 3,696.1 3,735.2 3,646.3 3,686.7 3,724.5 3,704.1 15.1 -.3 -28.5 31.0 1,562.8 1,568.0 1,574.1 1,606.1 1,547.6 1,568.3 1,602.6 1,575.1 15.1 687.5 688.3 .3 -28.5 714.2 710.7 728.6 726.2 7 -14.4 853.8 839.7 875.2 859.4 155 863.4 876.4 31.0 730.4 708.1 22.3 875.7 867.0 8.7 14.1 -13.0 15.9 1,712.0 1,727.2 1,732.2 1,748.7 386.6 391.3 389.7 380.3 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.