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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.

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