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SURVEY OF CURRENT BUSINESS

October 1987

National Income and Product Accounts Tables
New estimates in this issue: Third quarter 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
1986

1985

II

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

IV

III

Seasonally adjusted at annual rates

1987

1986
I

II

1985

1986

III"

4,010.3 4,235.0 4,211.6 4,265.9 4,288.1 4,377.7 4,445.1 4,512.0
2,629.4 2,799.8 2,765.8 2,837.1 2,858.6 2,893.8 2,943.7 3,003.7
368.7 402.4 386.4 427.6 419.8 396.1 409.0 432.6
939.4 934.3 940.0 946.3 969.9 982.1 988.1
913.1
1,347.5 1,458.0 1,445.1 1,469.5 1,492.4 1,527.7 1,552.6 1,583.0

Gross national product

Gross private domestic
investment

660.2

699.9

702.6

696.5

631.6
442.6
152.5

655.2
436.9
137.4

651.9
433.8
135.9

657.3
433.5
131.1

666.6
439.7
132.9

648.2
422.8
128.7

662.3
434.6
129.7

681.1
452.8
133.5

290.1
189.0

299.5
218.3

297.9
218.1

302.4
223.8

306.7
226.9

294.1
225.4

304.9
227.7

319.3
228.3

10.0
13.6
-3.6

15.7
16.8
-1.1

27.5
24.5
3.0

3.5
-.9
4.5

-6.4
5.1
-11.6

51.6
48.7
2.9

40.3
27.3
13.0

15.5
7.7
7.7

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

-79.2 -105.5 -100.8 -110.5 -116.9 -112.2 -118.4 -121.7

Net exports of goods and
services

383.3
500.2

397.3
509.5

416.5
534.8

433.4
555.1

818.6

869.7

867.2

878.5

886.3

896.2

917.1

933.5

353.9
259.3
94.6
464.7

366.2
277.8
88.4
503.5

368.4
278.2
90.2
498.8

371.2
287.6
83.6
507.3

368.6
279.0
89.6
517.7

366.9
287.5
79.4
529.3

379.6
294.5
85.1
537.6

384.6
296.0
88.6
548.9

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

II

3,607.5 3,713.3 3,704.7 3,718.0 3,731.5 3,772.2 3,795.3 3,831.2

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

636.1

654.0

665.6

645.0

631.0

671.8

673.7

676.5

628.7
454.1
149.4

640.2
443.8
130.3

637.6
441.0
128.4

638.8
437.7
122.7

645.4
443.2
124.6

624.2
426.0
120.4

634.7
437.9
120.4

658.4
461.8
124.9

304.8
174.6

313.5
196.4

312.6
196.5

315.0
201.1

318.6
202.2

305.6
198.2

317.5
196.8

336.8
196.7

7.4
12.0
-4.6

13.8
15.4
-1.6

28.1
23.9
4.2

6.1
.1
6.0

-14.4
2.3
-16.6

47.6
43.9
3.7

39.0
22.7
16.3

18.1
9.2
8.9

-108.2 -145.8 -146.8 -161.6 -151.8 -135.2 -132.7 -137.9
365.3
473.6

377.4
523.2

370.2
517.0

726.9

754.5

324.2
236.7
87.5
402.7

332.5
250.7
81.8
422.1

379.6
541.2

388.3
540.1

397.8
533.0

414.5
547.2

430.6
568.5

751.6

757.2

771.8

759.6

766.7

775.5

330.6
250.1
80.4
421.0

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

338.3
264.9
73.4
437.3

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
1985

1986
II

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

III

Seasonally adjusted at annual rates

1987

1986
IV

I

II

1985

15.7

27.5

3.5

-6.4

51.6

40.3

15.5

1,637.9 1,693.8 1,689.9 1,703.5 1,698.9 1,738.7 1,763.5 1,788.5
1,627.9 1,678.0 1,662.4 1,700.0 1,705.3 1,687.1 1,723.2 1,773.1
10.0

15.7

27.5

3.5

-6.4

51.6

40.3

15.5

Durable goods
Final sales
Change in business
inventories

704.3
696.9

726.8
721.9

717.0
707.0

735.8
747.9

737.3
741.8

747.0
711.9

756.7
734.6

776.8
778.4

7.3

4.8

10.1

-12.1

-4.5

35.2

22.1

-1.6

Nondurable goods
Final sales
Change in business
inventories

933.6
931.0

967.0
956.1

972.9
955.4

967.8
952.1

961.6
963.5

2.7

10.9

17.5

15.6

-1.9

Services
Structures

991.7 1,006.8 1,011.7
975.2 988.6 994.7

16.5

18.2

17.1

1,969.3 2,116.2 2,097.9 2,136.6 2,160.0 2,212.0 2,252.2 2,289.3
425.1
423.8 425.7 429.3 426.9 429.4 434.1
403.1

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




1986

IIP

4,010.3 4,235.0 4,211.6 4,265.9 4,288.1 4,377.7 4,445.1 4,512.0
4,000.3 4,219.3 4,184.0 4,262.4 4,294.6 4,326.0 4,404.8 4,496.5
10.0

IIP

352.7 383.5 369.6 405.5 399.0 375.9 385.4 403.3
849.5 877.2 880.0 879.8 880.3 883.2 879.0 878.4
1,150.4 1,189.8 1,184.7 1,192.2 1,201.1 1,216.9 1,223.1 1,235.4

660.8

376.6
487.1

I

2,352.6 2,450.5 2,434.3 2,477.5 2,480.5 2,475.9 2,487.5 2,517.0

679.4

371.3
472.1

IV

Durable goods
Nondurable goods
Services

671.0

376.2
481.7

III

Personal consumption
expenditures

641.6

369.9
449.2

1987

1986
II

1986
II

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

III

1987
IV

I

II

IIP

3,607.5 3,713.3 3,704.7 3,718.0 3,731.5 3,772.2 3,795.3 3,831.2
3,600.1 3,699.5 3,676.7 3,711.9 3,745.8 3^724.5 3,756.3 3,813.1
7.4
13.8
28.1
6.1 -14.4
47.6
39.0
18.1
1,548.6 1,595.0 1,594.4 1,593.7 1,602.6 1,626.0 1,638.2 1,658.3
1,541.2 1,581.3 1,566.4 1,587.5 1,616.9 1,578.4 1,599.2 1,640.2
7.4

13.8

28.1

Durable goods
Final sales
Change in business
inventories

688.0
681.6

716.9
712.6

705.9
696.9

6.4

4.3

9.0

-11.1

-4.3

31.4

19.9

-.6

Nondurable goods
Final sales
Change in business
inventories

860.6
859.7

878.1
868.6

888.5
869.5

868.8
851,6

871.4
881.4

886.8
870.6

885.0
865.9

880.7
862.0

.9

9.5

19.1

17.2

-10.0

16.2

19.1

18.7

Services
Structures

6.1 -14.4

724.8
735.9

731.2
735.5

47.6

39.0

18.1

739.2
707.8

753.2
733.4

777.6
778.2

1,679.5 1,730.8 1,724.2 1,738.7 1,741.3 1,764.0 1,777.4 1,788.6
379.4 387.4 386.0 385.6 387.5 382.1
379.7 384.3

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