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10

April 1988

SURVEY OF CURRENT BUSINESS

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: First quarter 1988, preliminary ( p ); for corporate profits and related items, fourth quarter and annual 1987,
revised ( r ).
The selected set of 52 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are
updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 130 tables usually shown in July presents annual
NIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They
are Released, Where They Are Available, and How They Are Presented" in the January 1988 SURVEY.
The full set of estimates for 1984-86 is in the July 1987 issue of the SURVEY; estimates for 1983 are in the July 1986 issue. Estimates for
1929-82 are in National Income and Product Accounts,1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent of Documents; see address on inside front cover.
The full set of NIPA tables is available on diskette for $240 per year (12 updates, for the quarterly estimates prepared each month). 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

1986

1987

I

IV

II

Seasonally adjusted at annual rates

1988

1987

1986

III

2,799.8 2,967.8 2,858.6 2,893.8 2,943.7 3,011.3 3,022.6 3,068.7
425.7
409.0 436.8 413.0
402.4 413.7
396.1
419.8
939.4 982.9 946.3 969.9 982.1 986.4 993.1 993.9
1,458.0 1,571.2 1,492.4 1,527.7 1,552.6 1,588.1 1,616.5 1,649.0

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

Gross national product

760.2

761.9

655.2
436.9
137.4

671.5
443.4
134.2

666.6
439.7
132.9

648.2
422.8
128.7

662.3
434.6
129.7

684.5
456.6
137.1

690.8
459.6
141.1

704.9
477.2
140.4

299.5
218.3

309.2
228.1

306.7
226.9

294.1
225.4

304.9
227.7

319.5
227.9

318.5
231.2

336.8
227.8

64
46.1
5.1
36.2
9.9 -11.6

51.6
48.7
2.9

40.3
27.3
13.0

22.9
11.1
11.7

69.4
57.5
12.0

57.0
37.7
19.3

Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm

1243

115.4

Net exports of goods and
services

458.1
582.4

470.6
586.0

896.2

917.1

929.0

948.8

945.6

366.2
277.8
88.4
503.5

379.4
295.2
84.2
543.4

368.6
279.0
89.6
517.7

366.9
287.5
79.4
529.3

379.6
294.5
85.1
537.6

382.1
299.0
83.0
546.9

388.9
299.8
89.2
559.9

376.8
297.7
79.1
568.9

P

3,713.3 3,821.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8 3,902.6

Gross private domestic
investment

707.4

886.3

IV

383.5 388.2 399.0 375.9 385.4 406.9 384.5 396.2
877.2 878.1 880.3 883.2 879.0 875.7 874.6 874.2
1,189.8 1,230.9 1,201.1 1,216.9 1,223.1 1,238.1 1,245.6 1,257.7

702.6

922.8

III

2,450.5 2,497.2 2,480.5 2,475.9 2,487.5 2,520.7 2,504.6 2,528.2

699.9

869.7

II

Durable goods
Nondurable goods
Services

660.2

-105.5 -119.6 -116.9 -112.2 -118.4 -123.7
439.2
376.2 427.8 383.3 397.3 416.5
481.7 547.4 500.2 509.5 534.8 562.9

1988

1987
I

Personal consumption
expenditures

717.5

15.7
16.8
-1.1

1986
IV

671.0
..

1987

IP

IV

Gross national product ...... 4,235.0 4,488.5 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4 4,660.9
Personal consumption
expenditures

1986

654.0

...

Exports
Imports
Government purchases of goods
and services
Federal
National defense
Nondefense
State and local

687.6

631.0

671.8

673.7

681.9

723.1

738.4

640.2
443.8
130.3

644.7
448.3
124.5

645.4
443.2
124.6

624.2
426.0
120.4

634.7
437.9
120.4

657.3
463.8
127.2

662.6
465.6
129.8

680.5
488.3
128.1

313.5
196.4

323.9
196.4

318.6
202.2

305.6
198.2

317.5
196.8

336.6
193.5

335.8
197.0

360.3
192.2

13.8
15.4
16

42.9
32.5
10.4

-14.4
2.3
166

47.6
43.9
3.7

39.0
22.7
16.3

24.6
12.1
12.5

60.5
51.5
9.0

57.9
38.3
19.6

145 8

1355

151 8

135 2

132 7

138 4

135 8

132 2

377.4
523.2

425.8
561.3

388.3
540.1

397.8
533.0

414.5
547.2

437.1
575.6

453.5
589.3

464.6
596.8

754.5

771.7

771.8

759.6

766.7

771.7

788.9

768.3

332.5
250.7
81.8
422.1

336.0
264.2
71.7
435.8

344.6
252.7
91.9
427.1

327.3
257.4
69.9
432.3

332.6
263.5
69.1
434.1

336.3
268.3
67.9
435.4

347.6
267.7
80.0
441.3

325.3
261.8
63.5
442.9

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

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

1986

1987

IV

Gross national product
Final sales
Change in business
inventories
Goods
Final sales
Change in business
inventories

I

II

Seasonally adjusted at annual rates

1988

1987

1986

III

IV

57.0
69.4
51.6
40.3
22.9
64
15.7
46.1
1,693.8 1,782.2 1,698.9 1,738.7 1,763.5 1,798.3 1,828.4 1,844.7
1,678.0 1,736.2 1,705.3 1,687.1 1,723.2 1,775.4 1,758.9 1,787.7
15.7

46.1

-6.4

51.6

40.3

22.9

69.4

57.0

Durable goods
Final sales
Change in business
inventories

726.8
721.9

773.3
748.0

737.3
741.8

747.0
711.9

756.7
734.6

785.7
787.6

803.8
757.7

818.1
794.7

35.2

22.1

19

46.0

23.4

Nondurable goods
Final sales
Change in business
inventories

967.0 1,008.9
956.1 988.2

Services
Structures

25.3

45

961.6
963.5

991.7 1,006.8 1,012.6 1,024.6 1,026.6
975.2 988.6 987.8 1,001.2 993.1

23.4
33.6
16.5
18.2
24.8
10.9
20.7
-1.9
2,116.2 2,271.3 2,160.0 2,212.0 2,252.2 2,289.3 2,331.5 2,375.9
425 1 435.0 429.3 426.9 429.4 436.4 447.5 440.2

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




1987

P

4,235.0 4,488.5 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4 4,660.9
4,219.3 4,442.5 4,294.6 4,326.0 4,404.8 4,501.1 4,537.9 4,603.9

4.8

1986

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
I

II

1988
III

IV

P

3,713.3 3,821.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8 3,902.6
3,699.5 3,778.1 3,745.8 3,724.5 3,756.3 3,811.4 3,820.3 3,844.7

13.8
144
47.6
39.0
42.9
24.6
60.5
57.9
1,595.0 1,655.2 1,602.6 1,626.0 1,638.2 1,666.8 1,689.7 1,708.9
1,581.3 1,612.3 1,616.9 1,578.4 1,599.2 1,642.2 1,629.2 1,651.0
13.8
716.9
712.6
4.3

878.1
868.6

42.9

-14.4

47.6

39.0

24.6

60.5

57.9

739.2
707.8

753.2
733.4

786.4
787.3

803.3
761.4

826.8
804.7

770.5
747.5

731.2
735.5

23.1
884.7
864.8

-4.3

31.4

19.9

-1.0

41.9

22.1

871.4
881.4

886.8
870.6

885.0
865.9

880.4
854.9

886.4
867.8

882.1
846.3

9.5
19.9 -10.0
16.2
19.1
25.5
18.6
35.8
1,730.8 1,782.1 1,741.3 1,764.0 1,777.4 1,787.1 1,800.0 1,812.6
387.4 383.7 387.5 382.1 379.7 382.0 391.0
381.2

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