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SURVEY OF CURRENT BUSINESS

June

National Income and Product Accounts Tables
The tables that follow are presented in eight groups, and the table numbers reflect these groups. The same numbers are used in other
publications presenting national income and product account estimates. The groups are:
1. National product and income
2. Personal income and outlays
3. Government receipts and expenditures
4. Foreign transactions
The abbreviations used in the tables are: CCAdj
IVA
NIPA's

5. Saving and investment
6. Product and income by industry
7. Implicit price deflators and price indexes
8. Supplementary table: Percent change from preceding period for
selected items
Capital consumption adjustment
Inventory valuation adjustment
National income and product accounts
Preliminary
Revised

The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1976-79 are in National Income and Product Accounts, 1976-79 (Stock No. 003-010-72188-0,
price $3.75). Additional estimates for 1980 are in the July 1981 SURVEY. These publications are available from the Superintendent of Documents
and Commerce Department District Offices; see addresses inside front cover.

Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates \

Seasonally adjusted at annual rates
1980

1981

1980
IV

1982

1981
I

II

III

IV

1981

1,810.1 1,829.1 1,883.9 1,908.3 1,946.7

1980
IV

I'

2,626.1 2,925.5 2,730.6 2,853.0 2,885.8 2,965.0 2,998.3 2,998.4
1,672.8 1,857.8 1,751.0

1980

1982

1981
I

1,480.7 1,510.3 1,485.6 1,516.4

II

III

IV

I'

1,498.4 1,484.5

1,510.4

1,515.8

935.1

958.9

946.8

960.2

955.1

962.8

957.5

965.4

135.8
3584
4409

139.4
3673
4522

1391
3604
4473

1468
3645
4489

1374
367.0
4507

1403
3688
4537

1331
3688
455.6

1382
3679
4592

Durable goods

211.9
675.7
7852

395.3

450.5

397.7

437.1

458.6

463.0

443.3

393.8

203.6

214.8

200.5

211.6

219.7

221.5

206.3

184.4

Fixed investment

401.2
296.0
1088
1871
1053
1003
20
30
-5.9
-47
-12

4344
328.9
1257
2031
105.5
1000
23
32
16.2
13.8
2.4

4151
302.1
111.5
1907
113.0
1076
2.2
31
-17.4
-14.0
-3.4

4327
3159
117.2
1987
1167
111.4
2.2
3.2
45
68
-24

4353
3246
123.1
201.5
1107
1054
21
3.2
23.3
21.5
18

4356
3351
1283
206.8
1005
949
23
33
275
231
44

434.0
3398
1343
2055
942
884
25
33
9.4
37
56

430.6
338.4
135.3
203.1
92.2
86.6
2.4
32
-368
-357
-11

2066
1584
484
110.0
481
452
9
2.0
-29
-24
-5

2076
1624
510
111.4
452
422
10
20
7.1
59
12

2076
1570
478
1093
506
475
10
20
-72
-56
-15

213.1
1620
496
112.4
510
480
9
21
-14
-3
-11

2089
161.1
504
110.7
47.8
448
9
20
108
99
9

2065
1639
515
1124
42.7
397
10
2.0
149
12.8
22

2011
162.7
526
110.1
39.4
364
10
20
42
13
29

2014
1630
52.5
1105
38.4
355
10
1.9
-171
-16.5
-6

Nonfarm structures
Producers' durable equipment
Nonfarm

232.0
743.2
882.6

2233
703.5
824.2

2383
7260
845.8

227.3
735 3
866.5

2362
751.3
896.4

2264
760.3
921.5

237.4
762.4
946.9

Government purchases of goods and services

23.3

26.0

23.3

29.2

20.8

29.3

24.7

31.5

52.0

44.9

48.5

50.9

46.2

432

39.2

39.3

339.8
316.5

Net exports of goods and services .

367.3
341.3

346.1
322.7

3674
3382

3682
347.5

3680
338.7

3656
341.0

3569
3254

161.1
1091

1604
115.5

1574
108.9

1625
1116

1615
1154

1601
116.9

1574
118.2

1521
112.8

State and local

534.7

591.2

558.6

576.5

577.4

588.9

622.0

626.4

290.0

291.7

289.8

293.6

289.5

288.3

295.4

295.5

198.9
131.7
67.2
3358

Federal
National defense

230.2
154.3
75.9
3610

2120
1416
70.4
3466

221.6
1452
764
354.9

2195
148.2
713
357.9

2264
1541
72.2
3625

253.3
1697
83.5
368.7

2536
1697
839
372.8

1081
709
372
181.9

111.5
73.9
376
1802

1074
719
354
182.4

1112
72.1
390
182.5

1087
72.6
36.1
180.7

1096
740
356
178.8

116.6
769
397
1788

1177
763
414
177.8

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
2 626 1 2 925 5 2 730 6 2 853 0 2 885 8 2 965 0 2 998 3 2 998 4

Change in business inventories
Goods
Final sales
Durable goods .

1 480 7 1 510 3 1 485 6 1 516 4 1 510 4 1 515 8 1 498 4 1 484 5

26320 29094 27480 28485 28625 29376 29890 30353
-5.9
16.2 -17.4
9.4 -36.8
4.5
23.3
275

1 483 6 1 5032 1 4927 1 517 8 1 499 6 1 500 9 1 494 2 1 501 6
4.2 -171
149
71
-72
108
-2.9

1 130 4 1 272 3 1 169 0 1 247 5 1 257 0 1 298 3 1 286 4 1 263 2

665 2

684 9

6629

688 9

686 3

691 9

1,136 3 1,256 1 1,1863
59
162
17 4

6681
29

677.8
71

670.1
72

690.3
14

675.5
10 8

6770
14 9

6684
42

677.9
17 1

279.4
2813
19
3857
3868
11

2821
2791
30
4028
3987
41

2818
2815
3
381 1
388 6
75

2893
292 5
31
3996
397 9
17

2886
2797
89
3977
395 8
19

287.0
279 2
78
404 9
397 8
71

263.5
265 0
15
4091
403 4
57

2549
2707
15 8
405 9
407 2
13

695 7
1198

707 9
1174

701 7
121 0

703 6
123 9

704 7
119 4

709 9
114 0

7134
112 5

713 0
110 6

458.6
4626
40
6719
6737
18

506.9
4995
74
7654
7566
87

476.7
4760
7
692.2
7103
181

1,243.1 1,233.7 1,270.8 1,277 0 1,300 1
36 8
233
275
94
45
501.4
5055
42
7461
7375
86

5169
4983
185
7401
7353
48

525.2
5066
186
773.0
7642
89

4842
4875
33
8022
7895
127

459.8
4958
359
8034
8043
9

1 2296 13717 1 2853 13171 1 344.7 13905 14344 1 460 1
276.3
276.4
288.4
284.1
277 5
2751
266.0
281.6
Addenda:

26028 28996 27073 28238 2 865.1 29358 29737 29669
26087 2 883.4 2,724.6 2,819 3 2,841 8 2,908 3 2,964 3 3,003 7

14287 14654 1437 1 14655 14642 1 472 6 1 459 2 1 445 2
1,431 7 14583 14442 14669 14535 14577 14550 14623

1 Gross domestic purchases equals GNP less exports plus imports, final sales to domestic purchasers equals final sales less exports plus imports




6608

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