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SURVEY OF CURRENT BUSINESS

June 1986

National Income and Product Accounts Tables
Revised estimates in this issue: First quarter 1986.
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

1984

1985

1984

I

IV

Seasonally adjusted at annual rates

1986

1985

II

III

IV

1984

lr

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

1984

1985

IV

Gross national product...... 3,774.7 3,988.5 3,852.5 3,917.5 3,960.6 4,016.9 4,059.3 4,115.7
Personal consumption
expenditures

1985

Gross national product

I

II

1986

III

IV

Ir

3,492.0 3,570.0 3,515.6 3,547.8 3,557.4 3,584.1 3,590.8 3,616.9

2,423.0 2,582.3 2,480.1 2,525.0 2,563.3 2,606.1 2,634.8 2,668.2

Personal consumption
expenditures

2,239.9 2,313.0 2,262.0 2,288.6 2,303.5 2,329.6 2,330.4 2,352.3

331.1 361.5 341.5 351.5 356.5 376.0 362.0 363.1
872.4 912.2
914.5
928.3 935.6
883.1 895.7 910.2
1,219.6 1,308.6 1,255.4 1,277.8 1,296.6 1,315.6 1,344.6 1,369.5

Durable goods
Nondurable goods
Services

318.6 345.3 327.6 335.0 340.3 359.3 346.7 346.1
828.0 846.9 828.6 839.9 846.7 849.8 851.1 864.9
1,093.3 1,120.8 1,105.8 1,113.7 1,116.5 1,120.4 1,132.6 1,141.4

Gross private domestic
investment

674.0

669.3

676.2

657.6

672.8

666.1

680.7

717.2

607.0
427.9
147.6

661.8
476.2
170.2

637.2
458.1
157.2

639.1
459.6
166.1

657.3
474.2
169.7

665.9
478.5
170.4

685.0
492.5
174.5

677.3
479.1
169.1

280.2
179.1

306.0
185.6

300.9
179.1

293.5
179.4

304.5
183.1

308.1
187.4

318.0
192.5

309.9
198.2

67.1
58.0
9.1

7.5
11.8
-4.3

39.0
36.4
2.6

18.5
14.2
4.3

15.5
10.8
4.7

.2 -4.3
19.0
3.1
-2.9 -23.3

39.9
40.7
8

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

-59.2

-78.5

-72.2

-42.3

-70.3

-87.8 -113.4 -105.8

Net exports of goods and
services

384.6
443.8

369.9
448.4

389.5
461.7

379.6
421.9

369.2
439.5

363.2
451.0

367.8
481.2

736.8

815.4

768.4

777.2

794.8

832.5

857.2

836.2

312.9
237.0
76.0
423.9

355.4
261.9
93.6
460.0

332.9
247.5
85.4
435.5

334.4
249.5
84.9
442.8

337.8
256.0
81.7
457.1

364.8
269.9
95.0
467.7

384.7
272.1
112.6
472.5

357.1
268.0
89.1
479.0

374.4
480.2

661.3

655.6

645.0

655.7

684.4

623.8
457.2
163.2

640.5
470.9
165.3

646.8
473.7
165.8

662.0
486.5
168.7

649.1
469.5
161.8

306.3
171.2

301.9
166.0

293.9
166.7

305.6
169.6

307.9
173.1

317.8
175.5

307.7
179.6

5.7
10.6
-4.8

36.1
34.6
1.5

15.8
11.8
4.0

15.1
10.7
4.5

-1.8
-6.3
1.6
18.2
-3.4 -24.5

35.3
36.2
g

-85.0 -108.4 -100.2

-71.8

101 1

119 8

140 8 -138.1

370.9
455.9

359.9
468.3

377.3
477.5

368.7
440.5

358.2
459.3

353.5
473.3

359.2
500.0

365.0
503.0

675.9

716.4

693.9

691.4

699.4

729.2

745.5

718.3

292.5
220.3
72.3
383.3

Federal
National defense
Nondefense
State and local

639.6

623.8
457.8
156.0

62.7
55.9
6.8

Government purchases of goods
and services

659.9

643.3
472.0
165.8

281.6
168.3

Exports..;
Imports..

649.0

598.6
430.3
148.7

322.6
235.7
86.9
393.8

307.3
227.9
79.5
386.6

304.3
226.7
77.6
387.1

305.9
231.5
74.3
393.6

331.1
243.3
87.9
398.1

349.0
241.3
107.7
396.5

319.1
238.0
81.1
399.2

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

1984

1985

1984

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

I

II

III

IV

3,707.6 3,981.1 3,813.5 3,899.0 3,945.0 4,016.7 4,063.6 4,075.7
7.5

39.0

18.5

15.5

.2

-4.3

1,518.8 1,631.9 1,565.0 1,609.8 1,620.5 1,650.6 1,646.5 1,628.7
7.5

39.0

18.5

15.5

.2

-4.3

39.9

Durable goods
Final sales
Change in business
/ \ inventories

679.5
642.5

709.2
702.8

701.9
672.6

706.2
689.4

705.9
704.0

714.8
721.2

710.0
696.7

709.8
681.1

37.0

6.4

29.3

16.9

1.8

-6.4

13.4

28.7

Nondurable goods
Final sales
Change in business
inventories

906.3
876.2

930.1
929.0

902.2
892.5

922.1
920.5

930.2
916.5

935.9
929.4

932.2
949.8

958.8
947.6

30.1

1.1

9.7

1.6

13.7

6.6

177

11.2

Structures

1,806.6 1,930.5 1,855.6 1,887.6 1,908.2 1,939.9 1,986.4 2,014.5
382.2

418.7

392.9

401.5

416.3

426.2

430.6

432.5

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




I

II

III

IV

lr

3,492.0 3,570.0 3,515.6 3,547.8 3,557.4 3,584.1 3,590.8 3,616.9
3,429.3 3,564.3 3,479.5 3,532.0 3,542.3 3,585.8 3,597.1 3,581.6

Gross national product
Final sales
Change in business

35.3
6.3
15.1
-1.8
36.1
15.8
62.7
5.7
1,506.4 1,532.4 1,510.5 1,530.3 1,531.5 1,541.0 1,526.8 1,548.5
1,443.7 1,526.7 1,474.4 1,514.6 1,516.3 1,542.7 1,533.1 1,513.1

39.9

1,585.8 1,639.3 1,604.0 1,628.4 1,636.0 1,650.8 1,642.2 1,668.6

1986

1985

1984

IV

3,774.7 3,988.5 3,852.5 3,917.5 3,960.6 4,016.9 4,059.3 4,115.7

67.1

1985

lr

67.1

Services

1984

1986

1985

Goods
Final sales
Change in business
inventories

62.7

5.7

36.1

15.8

1.5.1

-1.8

-6.3

35.3

Durable goods
Final sales
Change in business
inventories

655.4
619.9

676.5
670.8

672.6
644.8

673.1
657.2

674.2
672.6

680.3
686.4

678.6
666.8

676.5
650.1

35.5

5.8

27.9

15.8

1.6

6.1

11.8

26.3

Nondurable goods
Final sales
Change in business
inventories

851.0
823.9

855.9
855.9

837.9
829.6

857.3
857.3

857.3
843.8

860.7
856.3

848.3
866.3

872.0
863.0

27.1

0

8.2

.1

13.5

4.4 -18.0

9.0

1,615.4 1,644.2 1,630.1 1,636.0 1,633.9 1,643.4 1,663.5 1,669.7

Services
Structures

....

370.2

393.4

375.0

381.5

392.0

399.7

400.5

398.8

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

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