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15 SURVEY OF CURRENT BUSINESS January 1988 Selected National Income and Product Accounts Tables New estimates in this issue: Fourth quarter and annual 1987, preliminary (p). 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 are in the July 1986 SURVEY. Estimates for 1984-86 are in the July 1987 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 Seasonally adjusted at annual rates 1986 1987" 1986 III 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 1986 1987 IV I II III III IV" 4,235.0 4,486.2 4,265.9 4,288.1 4,377.7 4,445.1 4,524.0 4,598.0 1987 1986 1987" IV III II I IV Gross national product ...... 3,713.3 3,819.6 3,718.0 3,731.5 3,772.2 3,795.3 3,835.9 3,875.1 2,799.8 2,966.0 2,837.1 2,858.6 2,893.8 2,943.7 3,011.3 3,015.1 Personal consumption expenditures 2,450.5 2,495.2 2,477.5 2,480.5 2,475.9 2,487.5 2,520.7 2,496.6 402.4 413.9 427.6 419.8 396.1 409.0 436.8 413.8 939.4 980.4 940.0 946.3 969.9 982.1 986.4 983.4 1,458.0 1,571.6 1,469.5 1,492.4 1,527.7 1,552.6 1,588.1 1,618.0 Durable goods Nondurable goods Services 383.5 388.1 405.5 399.0 375.9 385.4 406.9 384.4 877.2 875.9 879.8 880.3 883.2 879.0 875.7 865.6 1,189.8 1,231.2 1,192.2 1,201.1 1,216.9 1,223.1 1,238.1 1,246.6 Gross private domestic investment 671.0 716.4 660.8 660.2 699.9 702.6 707.4 755.5 655.2 436.9 137.4 670.6 442.1 134.1 657.3 433.5 131.1 666.6 439.7 132.9 648.2 422.8 128.7 662.3 434.6 129.7 684.5 456.6 137.1 687.4 454.3 140.7 299.5 218.3 308.0 228.5 302.4 223.8 306.7 226.9 294.1 225.4 304.9 227.7 319.5 227.9 313.6 233.1 15.7 16.8 -1.1 45.7 36.6 9.1 3.5 -6.4 5.1 -.9 4.5 -11.6 51.6 48.7 2.9 40.3 27.3 13.0 22.9 11.1 11.7 68.1 59.2 8.9 Fixed investment Nonresidential Structures Producers' durable equipment Residential. Change in business inventories Nonfarm. Farm. -105.5 -119,9 -110.5 -116.9 -112.2 -118.4 -123.7 -125.5 Net exports of goods and services 376.2 481.7 426.7 546.7 376.6 487.1 383.3 500.2 397.3 509.5 869.7 923.8 878.5 886.3 366.2 277.8 88.4 503.5 380.6 295.2 85.3 543.2 371.2 287.6 83.6 507.3 368.6 279.0 89.6 517.7 416.5 534.8 439.2 562.9 453.9 579.4 896.2 917.1 929.0 952.8 366.9 287.5 79.4 529.3 379.6 294.5 85.1 537.6 382.1 299.0 83.0 546.9 393.7 300.0 93.7 559.1 Exports Imports Government purchases of goods and services Federal National defense Nondefense State and local 654.0 685.4 645.0 631.0 671.8 673.7 681.9 714.2 640.2 443.8 130.3 643.0 446.8 124.3 638.8 437.7 122.7 645.4 443.2 124.6 624.2 426.0 120.4 634.7 437.9 120.4 657.3 463.8 127.2 655.9 459.6 129.2 313.5 196.4 322.5 196.2 315.0 201.1 318.6 202.2 305.6 198.2 317.5 196.8 336.6 193.5 330.4 196.3 13.8 15.4 -1.6 42.4 33.1 9.3 6.1 -14.4 1 2.3 6.0 -16.6 47.6 43.9 3.7 39.0 22.7 16.3 24.6 12.1 12.5 58.3 53.7 4.6 -145.8 -134.3 -161.6 -151.8 -135.2 -132.7 -138.4 -130.7 414.5 547.2 397.8 533.0 437.1 575.6 453.8 584.5 377.4 523.2 425.8 560.1 379.6 541.2 388.3 540.1 754.5 773.3 757.2 771.8 759.6 766.7 771.7 795.0 332.5 250.7 81.8 422.1 337.7 264.3 73.4 435.6 332.6 259.8 72.8 424.6 344.6 252.7 91.9 427.1 327.3 257.4 69.9 432.3 332.6 263.5 69.1 434.1 336.3 268.3 67.9 435.4 354.5 267.8 86.7 440.5 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 Seasonally adjusted at annual rates 1986 1987" 1986 III Gross national product Final sales Change in business inventories Goods Final sales Change in business inventories 15.7 45.7 I II III 3.5 -6.4 51.6 40.3 22.9 68.1 1,678.0 1,734.8 1,700.0 1,705.3 1,687.1 1,723.2 1,775.4 1,753.7 Durable goods. Final sales Change in business inventories 726.8 721.9 Nondurable goods Final sales Change in business inventories 967.0 1,006.6 956.1 987.4 4.8 10.9 3.5 -6.4 51.6 40.3 22.9 68.1 774.0 747.5 735.8 747.9 737.3 741.8 747.0 711.9 756.7 734.6 785.7 787.6 806.4 755.7 26.5 -12.1 -4.5 35.2 22.1 -1.9 50.7 967.8 952.1 961.6 963.5 15.6 -1.9 19.2 991.7 1,006.8 1,012.6 1,015.4 975.2 988.6 987.8 997.9 16.5 18.2 24.8 17.4 2,116.2 2,270.4 2,136.6 2,160.0 2,212.0 2,252.2 2,289.3 2,328.2 425.1 435.2 425.7 429.3 426.9 429.4 436.4 448.0 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1986 1987" III IV 1,693.8 1,780.6 1,703.5 1,698.9 1,738.7 1,763.5 1,798.3 1,821.8 45.7 Structures IV 4,235.0 4,486.2 4,265.9 4,288.1 4,377.7 4,445.1 4,524.0 4,598.0 4,219.3 4,440.4 4,262.4 4,294.6 4,326.0 4,404.8 4,501.1 4,529.9 15.7 Services . 1986 1987 1987 IV II I III IV Gross national product...... 3,713.3 3,819.6 3,718.0 3,731.5 3,772.2 3,795.3 3,835.9 3,875.1 Final sales Change in business inventories Goods.. Final sales Change in business inventories 3,699.5 3,777.2 3,711.9 3,745.8 3,724.5 3,756.3 3,811.4 3,816.7 13.8 42.;4 6.1 -14.4 47.6 : 39.0 24.6 58.3 1,595.0 1,655.1 1,593.7 1,602.6 1,626.0 1,638.2 1,666.8 1,689.2 1,581.3 1,612.7 1,587.5 1,616.9 1,578,4 1,599.2 1,642.2 1,630.9 47.6 39.0 24.6 58.3 739.2 707.8 753.2 733.4 786.4 787.3 810.1 763.9 13.8 42.4 Durable goods Final sales Change in business inventories 716.9 712.6 772.2 748.1 724.8 735.9 24.1 -11.1 31.4 19.9 -1.0 46.2 Nondurable goods Final sales Change in business inventories 878,1 868.6 882.8 864.6 868.8 851.6 871.4 881.4 886.8 870.6 885.0 865.9 880.4 854.9 879.1 866.9 9.5 18.2 17.2 -10.0 16.2 19.1 25.5 12.1 Services Structures 4.3 6.1 -14.4 731.2 :735.5 -4.3 1,730.8 1,781.4 1,738.7 1,741.3 1,764.0 1,777.4 1,787.1 1,797.0 387.4 383.2 385.6 387.5 382.1 379.7 382.0 388.8 NOTE.—Percent changes from preceding period for selected items in thi'•> table are shown in table 8.1.