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SUKVEY OF CUKKENT BUSINESS 12 July 1980 NATIONAL INCOME AND PRODUCT TABLES 1979 1978 1979 I II 1979 1980 m IV I II" I 1979 1978 II 1980 III I IV II » Seasonally adjusted at annual rates Seasonally adjusted at annual rates Billions of 1972 dollars Billions of current dollars Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2) Gross lutioiuil product 2,127.6 2,368.8 2,292.1 2.329.8 2.396.5 2,456.9 2,520.8 2,523.4 1,399.2 1,431.6 1.430.6 1.422.3 1.433.3 1,440.3 1,444.7 1,410.8 PeraftTOtl consumption expenditures 1,360.8 1.509.8 1.454.2 1.475.9 1,528.6 1,580.4 1,629.5 1,628.2 Durable goods Nondurable goods Services 200.3 213.0 JgO.6 596.9 1 o!9.tf —-69975 213.8 571.1 669.3 208.7 581.2 686.0 213.4 604.7 710.6 216.2 630.7 733.5 220.2 652.0 757.3 197.0 654.4 776.8 900.8 924.5 921.8 915.0 925.9 935.4 936.5 913.6 146.7 343.3 410.8 147.1 349.1 428.3 150.2 348.1 423.5 144.8 344.1 426.1 146.9 349.2 429.9 146.7 355.1 433.6 145.4 354.1 437.0 128.3 349.1 436.3 351.5 387.2 373.8 395.4 392.3 387.2 387.7 366.9 214.3 215.2 217.2 221.7 214.2 207.7 203.2 187.3 329.1 369.0 354.6 361.9 377.8 381.7 383.0 355.2 200.2 205.5 204.9 203.5 207.1 206.3 202.9 185.0 Nonresidential Structures Producers' durable equipment 221.1 76.5 144.6 254.9 92.6 162.2 243.4 84.9 158.5 249.1 90.5 158.6 261.8 95.0 166.7 265.2 100.2 165.1 272.6 103.3 169.4 265.9 102.7 163.2 140.1 43.9 96.2 148.8 48.1 100.7 147.2 45.8 101.3 146.9 47.9 99.0 150.7 48.7 101.9 150.5 50.1 100.4 151.2 50.3 100.9 143.9 48.6 95.3 Residential Nonfarm structures.. Farm structures Producers' durable equipment 108.0 104.4 L8 1.9 114.1 110.2 1.9 2.0 111.2 107.8 1.5 1.9 112.9 109.1 1.8 2.0 116.0 112.0 2.0 2.0 116.4 112.1 2.3 2.1 110.4 105.9 2.3 2.2 89.3 85.7 1.8 1.9 60.1 57.7 1.0 1.4 56.7 54.3 .9 1.4 57.7 55.6 .8 1.4 56.7 54.4 .9 1.4 56.5 54.0 1.0 1.4 55.8 53.2 1.1 1.5 51.7 49.1 1.1 1.5 41.1 39.0 .8 1.3 Change in business inventories Nonfarm _ _ Farm. 22.3 21.3 1.1 18.2 16.5 1.7 19.1 18.8 .3 33.4 32.6 .8 14.5 12.6 1.9 4.7 4.4 .3 11.7 12.4 -.7 14.1 13.7 .3 9.7 8.9 .9 12.3 12.1 .2 18.1 17.7 .4 7.1 6.1 1.0 1.4 -.4 1.8 3 .2 .2 2.3 2.7 -.4 Gross private domestic investment - Fixed investment Net exports of goods and services Exports Imports. _ _ Government purchases of goods and services Federal National defense.. _ Nondefense State and local _ 10 3 -4.6 4.0 -8.1 -2.3 5.6 2.1 3.5 II 9 -13.6 1.3 11.0 17.6 17.0 13.2 20.1 20.1 25.0 29.3 207.2 217.5 257.5 262.1 238.5 234.4 243.7 251.9 267.3 269.5 280.4 292.4 306.1 321.7 307.3 306.0 108.9 97.9 119.9 102.3 117.0 100.0 116.0 102.9 122.2 102.1 124.3 104.1 131.7 106.7 128.7 99.4 435.6 476.4 460.1 466.6 477.8 501.2 517.2 527.0 273.2 274.3 274.7 272.4 273.1 277.1 280.0 280.6 152.6 99.0 53.6 283.0 166.6 108.3 58.4 309.8 163.6 103.4 60.2 296.5 161.7 106.0 55.7 304.9 162.9 109.0 53.9 314.9 178.4 114.6 63.8 322.8 186.2 119.6 66.6 331.0 192.5 123.6 68.9 334.5 98.6 99.4 101.1 98.1 97.4 101.1 104.3 106.6 174,6 174.9 173.6 175.6 176.0 175.7 174.0 174.3 Table 2. —Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5) 2,127.6 2,368.8 2,292.1 2.329.8 2,396.5 2,456.9 2,520.8 2,523.4 1,399.2 1,431.6 1.430.6 1.422.3 1.433.3 1,440.3 1.444.7 1.410.8 2,105.2 2,350.6 2,272.9 2,296.4 2,381.9 2,451.4 2,516.1 2,511.7 1,385.1 1,421.9 1,418.4 1,404.1 1,426.2 1,439.0 1,444.4 1,408.5 .3 2.3 1.4 18.1 7.1 12.3 11.7 14.1 9.7 4.7 22.3 33.4 18.2 14.5 5.6 19.1 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 639.5 653.1 658.6 647.3 651.3 655.1 659.7 637.9 907.7 1,012.4 22.3 18.2 992.7 19.1 984.6 1,021.5 1,050.7 1,081.5 1,069.1 11.7 14.5 4.7 5.6 33.4 625.4 14.1 643.4 9.7 646.3 12.3 629.1 18.1 644.2 7.1 653.7 1,4 659.4 3 635.5 2.3 380.4 366.5 13.9 423.1 410.2 13.0 425.5 407.1 18.4 422.4 398.0 24.3 424.4 417.1 7.3 420.2 418.4 1.8 421.5 430.8 —9.3 416.3 408.0 8.3 270.0 261.4 8.6 278.3 271.3 7.0 286.0 275.2 10.8 278.3 265.1 13.2 276.6 272.9 3.7 272.4 272.0 .4 271.0 274.6 —3.6 255.8 252.8 3.0 549.6 541.2 8.4 607.4 602.2 5.2 586.2 585.5 .7 595.7 586.6 9.1 611.6 604.4 7.2 636.1 632.3 3.8 664.8 650.7 14.0 664.5 661.1 3.4 369.4 364.0 5.5 374.8 372.1 2.7 372.6 371.2 1.4 369.0 364.1 4.9 374.7 371.3 3.4 382.7 381.7 1.0 388.7 384.8 3.9 382.0 382.7 -.7 969.3 1,085.1 1.041.4 1.064.2 1,100.6 1,134.0 1,169.5 1,201.3 241.3 265.1 228.2 253.2 238.9 247.5 259.8 266.6 630.3 129.5 649.7 128.8 645.2 126.8 647.3 127.7 652.0 130.0 654.4 130.8 658.1 126.9 660.0 112.9 930.0 1,030.5 1.011.8 1.018.1 1,036.0 1,056.3 1,086.2 1,080.8 Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8) Gross national product Gross domestic product. Business Nonfarm Nonfarm less housing Housing Farm Statistical discrepancy Kesidual ' Households and institutions Government Federal State and local Rest of the world y Preliminary. 2,127.6 2,368.8 2,292.1 2,329.8 2,396.5 2.456.9 2,520.8 2,523.4 1,399.2 1,431.6 1,430.6 1,422.3 1,433.3 1.440.3 1,444.7 1,410.8 2,107.0 2,343.5 2,267.9 2,306.1 2,369.5 2,430.6 2,492.0 2,491.6 1,391.1 1,423.8 1,421.7 1,414.2 1,425.3 1,433.8 1,438.7 1,403.7 1,807.8 2,017.9 1,951.4 1,984.5 2,042.0 2,093.6 2,147.5 2,140.6 1,197.5 1,228.3 1,226.9 1,219.0 1,229.3 1,237.9 1,242.0 1,206.3 1,745.0 1,944.0 1,880.8 1,915.2 1,964.8 2,015.2 2,068.9 1,160.0 1,191.2 1, 193. 1 1,184.7 1,189.4 1,197.8 1,199.8 1,164.3 1,579.2 1,755.6 1,702.3 1,731.0 1,773,4 1,815.8 1,862.9 1,039.6 1,063.8 1,068.6 1,058.2 1,061.0 1,067.4 1,067.5 1,030.0 132.3 134.3 130.3 128.4 206.1 124.5 126.5 127.4 213.0 188.4 178.6 199.4 120.4 165.8 184.2 191.4 35.7 35.9 35.9 34.9 33.4 35.1 67.6 34.8 62.3 59.5 70.2 34.2 70.6 70.0 68.9 71.1 11.0 3.3 7.2 3.7 .6 8.3 -1.3 26.3 6.3 4.3 5.0 .4 2.2 <-.8 3.4 46.2 46.2 45.7 45.4 44.4 83.3 44.7 85.0 45.0 69.6 77.2 80.4 43.6 77.9 74.8 75.8 229.6 71.8 157.8 248.4 77.0 171.4 241.8 75.5 166.3 245.8 75.8 170.0 249.6 76.3 173.3 256.6 80.6 175.9 261.3 81.2 180.1 266.0 82.2 183.8 149.9 49.1 100.8 150.5 49.1 101.3 150.4 49.2 101.2 150.5 49.1 101.4 150.6 49.2 101.5 150.3 49.0 101.2 150.5 49.2 101.4 151.3 49.7 101.5 20.5 25.3 24.2 23.7 26.9 26.4 28.8 31.8 8.1 7.9 8.9 8.1 8.0 6.5 6,0 7.1 6/80 See footnotes on p. 13. HISTORICAL STATISTICS The national income and product series for 1929-72 are in The Nationallncome and Product Accounts of the United States, 1929-74: Statistical Tables (available for $4.95, SN 003-010-00052-9, from Commerce Department District Offices or the Superintendent of Documents; see address inside fron cover). Data for 1973, 1974, 1975, and 1975-78 are in the July 1976, 1977, 1978, and 1979 issues of the SURVEY, respectively. Summary national income and product series in current and constant dollars and implicit price deflators for 1947-79 are shown in the January 1980 issue of the SURVEY.