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SURVEY OF CURRENT BUSINESS June 1988 National Income and Product Accounts Tables Selected NIPA Tables New estimates in this issue: First quarter 1988, revised (0The selected set of 52 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 130 tables usually shown in July presents annual NIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are Released, Where They Are Available, and How They Are Presented" in the January 1988 SURVEY. The full set of estimates for 1984-86 is in the July 1987 issue of the SURVEY; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent of Documents; see address on inside front cover. The full set of NIPA tables is available on diskette for $240 per year (12 updates, for the quarterly estimates prepared each month). 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 1987 1986 1987 I IV Gross national product 2,799.8 2,967.8 2,858.6 2,893.8 2,943.7 3,011.3 3,022.6 3,068.3 402.4 413.7 419.8 396.1 409.0 436.8 413.0 424.0 939.4 982.9 946.3 969.9 982.1 986.4 993.1 998.4 1,458.0 1,571.2 1,492.4 1,527.7 1,552.6 1,588.1 1,616.5 1,645.9 Durable goods Nondurable goods Services Gross private domestic investment ... Net exports of goods and services 717.5 660.2 699.9 702.6 707.4 760.2 762.7 655.2 436.9 137.4 671.5 443.4 134.2 666.6 439.7 132.9 648.2 422.8 128.7 662.3 434.6 129.7 684.5 456.6 137.1 690.8 459.6 141.1 704.9 477.8 140.0 299.5 218.3 309.2 228.1 306.7 226.9 294.1 225.4 304.9 227.7 319.5 227.9 318.5 231.2 337.8 227.2 46.1 64 36.2 5.1 9.9 -11.6 51.6 48.7 2.9 40.3 27.3 13.0 22.9 11.1 11.7 69.4 57.5 12.0 57.8 38.2 19.6 -105.5 -119.6 -116.9 -112.2 -118.4 -123.7 -124.3 -111.1 376.2 427.8 383.3 397.3 416.5 485.8 439.2 458.1 481.7 547.4 500.2 509.5 534.8 562.9 582.4 596.9 Exports Imports Government purchases of goods and services Federal National defense Nondefense State and local 671.0 15.7 16.8 -1.1 ..... 1986 1987 Ir IV 4,235.0 4,488.5 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4 4,665.1 Personal consumption expenditures Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories .... Nonfarm.w.. Farm III II Seasonally adjusted at annual rates 1988 869.7 922.8 886.3 896.2 917.1 929.0 948.8 945.1 366.2 277.8 88.4 503.5 379.4 295.2 84.2 543.4 368.6 279.0 89.6 517.7 366.9 287.5 79.4 529.3 379.6 294.5 85.1 537.6 382.1 299.0 83.0 546.9 388.9 299.8 89.2 559.9 375.1 300.4 74.7 570.0 1986 III V IV 2,450.5 2,497.2 2,480.5 2,475.9 2,487.5 2,520.7 2,504.6 2,527.9 383.5 388.2 399.0 375.9 385.4 406.9 384.5 394.7 877.2 878.1 880.3 883.2 879.0 875.7 874.6 878.1 1,189.8 1,230.9 1,201.1 1,216.9 1,223.1 1,238.1 1,245.6 1,255.1 Durable goods Nondurable goods Services Gross private domestic investment Fixed investment .... Nonresidential Structures Producers' durable equipment Residential Change in business inventories . . Nonfarm Farm 654.0 687.6 631.0 671.8 673.7 681.9 723.1 741.8 640.2 443.8 130.3 644.7 448.3 124.5 645.4 443.2 124.6 624.2 426.0 120.4 634.7 437.9 120.4 657.3 463.8 127.2 662.6 465.6 129.8 680.8 488.3 127.6 313.5 196.4 323.9 196.4 318.6 202.2 305.6 198.2 317.5 196.8 336.6 193.5 335.8 197.0 360.7 192.5 42.9 -14.4 2.3 32.5 166 10.4 47.6 43.9 3.7 39.0 22.7 16.3 24.6 12.1 12.5 60.5 51.5 9.0 61.0 39.4 21.6 13.8 15.4 -1.6 Net exports of goods and services 1458 . Government purchases of goods and services. .. Federal National defense Nondefense State and local . II 3,713.3 3,821.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8 3,915.4 Gross national product Personal consumption expenditures Exports Imports I 1988 1987 . IV ... 135.5 -151.8 -135.2 -132.7 -138.4 -135.8 -120.3 453.5 477.4 388.3 397.8 414.5 437.1 540.1 533.0 547.2 575.6 589.3 597.8 377.4 523.2 425.8 561.3 754.5 771.7 771.8 759.6 766.7 771.7 788.9 766.0 332.5 250.7 81.8 422.1 336.0 264.2 71.7 435.8 344.6 252.7 91.9 427.1 327.3 257.4 69.9 432.3 332.6 263.5 69.1 434.1 336.3 268.3 67.9 435.4 347.6 267.7 80.0 441.3 322.7 263.9 58.9 443.2 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 1986 1987 1987 1986 IV I II Seasonally adjusted at annual rates 1988 III IV Final sales Change in business inventories 1,693.8 1,782.2 1,698.9 1,738.7 1,763.5 1,798.3 1,828.4 1,854.5 1,678.0 1,736.2 1,705.3 1,687.1 1,723.2 1,775.4 1,758.9 1,796.7 15.7 46.1 -6.4 51.6 40.3 22.9 69.4 57.8 Durable goods Final sales Change in business 726.8 721.9 773.3 748.0 737.3 741.8 747.0 711.9 756.7 734.6 785.7 787.6 803.8 757.7 815.4 793.8 -4.5 Nondurable goods Final sales Change in business 967.0 1,008.9 956.1 988.2 46.0 21.5 22.1 19 35.2 991.7 1,006.8 1,012.6 1,024.6 1,039.2 975.2 988.6 987.8 1,001.2 1,002.9 Services Structures 4.8 25.3 961.6 963.5 23.4 36.3 24.8 18.2 10.9 20.7 19 16.5 2,116.2 2,271.3 2,160.0 2,212.0 2,252.2 2,289.3 2,331.5 2,368.3 425.1 435.0 429.3 426.9 429.4 436.4 447.5 442.2 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1987 Ir Gross national product...... 4,235.0 4,488.5 4,288.1 4,377.7 4,445.1 4,524.0 4,607.4 4,665.1 4,219.3 4,442.5 4,294.6 4,326.0 4,404.8 4,501.1 4,537.9 4,607.3 Final sales Change in business 69.4 57.8 15.7 64 51.6 40.3 22.9 46.1 inventories Goods 1986 IV Gross national product Final sales Change in business inventories Goods Final sales Change in business inventories 1987 1986 I II 13.8 42.9 -14.4 47.6 39.0 24.6 60.5 61.0 731.2 735.5 739.2 707.8 753.2 733.4 786.4 787.3 803.3 761.4 828.2 807.9 10 41.9 886.4 867.8 898.0 857.3 770.5 747.5 4.3 23.1 -4.3 31.4 19.9 Nondurable goods Final sales Change in business inventories 878.1 868.6 884.7 864.8 871.4 881.4 886.8 870.6 885.0 865.9 . F 60.5 47.6 39.0 61.0 42.9 -14.4 24.6 13.8 1,595.0 1,655.2 1,602.6 1,626.0 1,638.2 1,666.8 1,689.7 1,726.2 1,581.3 1,612.3 1,616.9 1,578.4 1,599.2 1,642.2 1,629.2 1,665.2 716.9 712.6 Structures IV 3,713.3 3,821.0 3,731.5 3,772.2 3,795.3 3,835.9 3,880.8 3,915.4 3,699.5 3,778.1 3,745.8 3,724.5 3,756.3 3,811.4 3,820.3 3,854.3 Durable goods . Final sales . Change in business Services 1988 III 880.4 854.9 20.4 18.6 40.7 16.2 19.1 25.5 19.9 -10.0 9.5 1,730.8 1,782.1 1,741.3 1,764.0 1,777.4 1,787.1 1,800.0 1,806.3 382.8 387.4 383.7 387.5 382.1 379.7 382.0 391.0 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.