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SURVEY OF CURRENT BUSINESS

June 1991

NATIONAL INCOME
AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: First quarter 1991, revised.
The selected set of 54 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.) 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 July 1988 SURVEY.
The tables shown are available the day of the GNP news release on printouts and diskettes on a subscription basis or from the Commerce Department's
Economic Bulletin Board. Estimates for 1986-89 are in the July 1990 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates
for 1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product
Accounts, 1929-82: Statistical Tables. For more information, write to National Income and Wealth Division (BE-54), Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the Government Division.

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

Seasonally adjusted at annual rates

1989

1990

1989

IV
Gross national product
Personal consumption expenditures1 .

I

II

III

IV

Fixed investment
Nonresidential
...:
Structures
Producers* durable equipment ....
Residential
Change in business inventories
Nonfarm
..
Farm
.• .
Net exports of goods and services *
Exports J'
Imports
Government purchases of goods and
services

3,450.1 3,657.3 3,518.5 3,588.1 3,622.7 3,693.4 3,724.9 3,742.8

.

771.2

741.0

762.7

747.2

759.0

759.7

6983

660.0

742.9
511.9
146.2
365.7
231.0
28.3
23.3
5.0

746.1
524.1
147.0
377.1
222.0
-5.0
-7.4
2.4

737.7
511.8
147.1
364.7
225.9
25.0
24.1
.9

758.9
523.1
148.8
374.3
235.9
-11.8
-17.0
5.3

745.6
516.5
147.2
369.3
229.1
13.4
13.0
.5

750.7
532.8
149.8
383.0
217.9
9.0
6.8
2.2

729.2
524.0
142.1
381.9
205.2
-30.8
-32.4
1.5

694.1
503.6
139.5
364.1
190.5
-34.2
-37.1
2.9

-46.1

-31.2

-35.3

-30.0

-24.9

-41.3

-28.8

672.8
704.0

642.8
678.1

661.3
691.3

659.7
684.6

672.7
714.1

697.4
726.2

13.5
694.5
681.0

1,025.6 1,098.1 1,043.3 1,070.1 1,086.4 1,102.8 1,132.9 1,141.5
400.0
301.1
98.9
625.6

424.0
313.6
110.4
674.1

399.9
299.2
100.7
643.4

410.6
307.2
103.4
659.6

425.8
312.6
113.2
677.0

421.9
309.6
112.3
664.6

437.6
325.0
112.6
695.3

1990

443.8
331.2
112.6
697.7

1991

1990

1989

IV

5,200.8 5,465.1 5,289.3 5,375.4 5,4433 5,514.6 5,5273 5,557.7

626.2
672.3

Gross private domestic investment

1989

V

492.1 478.4 482.3 468.5 455.3
474.6 480.3 471.2
1,130.0 1,193.7 1,148.8 1,174.7 1,179.0 1,205.0 1,216.0 1,212.7
1,845.5 1,983.3 1,898.5 1,921.3 1,965.3 2,006.2 2,040.4 2,074.8

Durable goods
Nondurable goods
Services *

Federal
National defense
Nondefense
State and local

1991

1990

I

III

II

IV

V

4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1

Gross national product
Personal consumption expenditures * .

2,656.8 2,681.6 2,669.9 2,677.3 2,678.8 2,696.8 2,673.6 2,663.7
428.0 427.4 423.1 437.6 426.8 429.5 415.6 402.9
916.4 901.2 897.1
919.9 911.1 923.0 915.6 911.2
1,309.0 1,343.1 1,323.8 1,324.2 1,340.8 1,350.8 1,356.7 1,363.7

Durable goods
Nondurable goods
Services *

716.9

688.7

709.1

700.7

700.7

697.0

656.3

623.7

693.1
506.1
122.4
383.7
187.0
23.8
18.7
5.0

692.3
515.4
120.9
394.6
176.8
-3.6
-5.1
1.5

690.2
508.4
123.1
385.4
181.8
18.9
15.3
3.6

702.9
514.6
123.8
390.8
188.3
-2.2
-8.2
6.0

691.2
508.4
120.9
387.5
182.8
9.5
11.6
-2.1

692.3
519.3
122.4
397.0
173.0
4.7
4.7
0

682.7
519.4
116.4
403.1
163.3
-26.4
-28.5
2.1

648.6
496.8
113.7
383.1
151.8
-25.0
-28.1
3.1

-54.1

-33.8

-47.9

-35.4

-44.6

-46.5

-8.8

.

593.3
647.4

631.5
665.3

611.6
659.4

628.1
663.5

620.1
664.7

630.5
677.0

647.2
656.0

648.0
641.0

Government purchases of goods and
services

798.1

820.8

802.2

807.9

820.2

822.7

832.3

829.6

334.9
256.3
78.7
463.2

343.7
258.7
85.0
477.1

332.7
255.5
77.2
469.5

333.0
254.4
78.6
475.0

345.9
256.5
89.4
474.3

346.0
258.2
87.8
476.7

349.9
265.7
84.2
482.4

349.5
267.5
82.0
480.1

Gross private domestic investment
Fixed investment
Nonresidential .
.
Structures
Producers' durable equipment ....
Residential
Change in business inventories
Nonfarm
Farm
Net exports of goods and services l
Exports 1
Imports l ..

Federal
National defense
Nondefense
State and local

....

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

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

7.1

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

1989

1990

IV
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

I

II

III

IV

1989

1990

V

5,172.5 5,470.2 5,264.3 5,387.2 5,429.9 5,505.6 5,558.2 5,591.9
-34.2
13.4
9.0 -30.8
25.0 -11.8
28.3
-5.0
2,072.7 2,143.3 2,085.9 2,111.0 2,146.6 2,170.4 2,145.0 2,136.0
2,044.4 2,148.3 2,060.9 2,122.8 2,133.1 2,161.4 2,175.9 2,170.2
-34.2
9.0 -30.8
13.4
25.0 -11.8
-5.0
28.3

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

1990

1989

IV

5,200.8 5,465.1 5,2893 5,375.4 5,4433 5,514.6 5,527.3 5,557.7

I

II

1991

HI

IV

r

4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1
4,094.0 4,160.9 4,114.4 4,152.8 4,145.6 4,165.3 4,179.8 4,149.0
4.7 -26.4 -25.0
-2.2
18.9
9.5
23.8
-3.6
1,8295 1,829.3 1,823.1 1,825.4 1,8313 1,839.7 1,821.0 1,797.5
1,805.7 1,832.9 1,804.3 1,827.6 1,821.8 1,835.0 1,847.4 1,822.5
9.5
4.7 -26.4 -25.0
-3.6
18.9
23.8
-2.2

876.3
918.5
-42.2

Durable goods
Final sales
Change in business inventories

907.5
897.7
9.8

920.6
930.1
-9.5

904.4
894.2
10.2

914.3
932.1
-17.7

919.1
919.5
—3

941.1
932.9
8.3

908.0
936.0
-28.1

876.9
911.5
-34.6

1,166.0 1,215.3 1,178.6 1,191.2 1,216.4 1,217.2 1,236.3 1,259.7
1,149.6 1,209.3 1,166.7 1,181.4 1,203.0 1,218.0 1,234.7 1,251.7
8.0
1.7
-.8
13.4
11.9
9.8
16.4
6.0

Nondurable goods
Final sales
Change in business inventories

922.0
908.0
13.9

908.7
902.8
5.9

918.7
910.1
8.6

911.0
895.5
15.5

912.2
902.4
9.8

898.5
902.1
-3.6

913.0
911.4
1.6

920.6
910.9
9.7

906.6
894.7
11.9

928.0
939.1
-11.1

907.4
894.2
13.2

919.9
941.4
-21.6

930.1
930.1
0

953.2
943.4
9.8

908.7
941.2
-32.5

2,671.2 2,864.5 2,747.5 2,791.3 2,834.2 2,889.6 2,943.0 3,004.0
456.9

457.4

455.9

473.0

4625

454.6

439.3

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




Seasonally adjusted at annual rates

1991

1990

1989

417.7

Services
Structures

1,915.6 1,961.0 1,939.7 1,943.7 1,952.5 1,9673 1,980.7 1,993.0
372.7

366.9

370.4

381.5

371.2

363.1

351.7

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

333.6

SURVEY OF CURRENT BUSINESS

June 1991

Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers in Constant Dollars

IBillions of dollars]

[Billions of 1982 dollars]

„__
Seasonally adjusted at annual rates

1989

1990

IV

I

II

Seasonally adjusted at annual rates

1991

1990

1989

III

IV

Less: Exports of goods and services 1 ....
Plus: Imports of goods and services1 ....
2

Equals: Gross domestic purchases ....
Less: Change in business inventories
Equals: Final3sales to domestic
purchasers

626.2
672.3

672.8
704.0

642.8
678.1

661.3
691.3

659.7
684.6

672.7
714.1

697.4
726.2

694.5
681.0

5,246.9 5,496.4 5324.6 5,4053 5,468.2 5,555.9 5356.1 5,544.2

28.3

-5.0

25.0

-1.1.8

13.4

9.0

-30.8

1990

Y

5,200.8 5,465.1 5,2893 5375.4 5,4433 5,514.6 5,5273 5,557.7

Gross national product

1989

-34.2

5,218.6 5,501.4 5,299.6 5,417.1 5,454.7 5,546.9 5,586.9 5,578.4

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.

1989

IV
Gross national product

1990

I

n

1991

III

IV

I"

4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1

Less: Exports of goods and services l ....
Plus: Imports of goods and services l ....
2

Equals: Gross domestic purchases ....
Less: Change in business inventories
Equals: Final sales to domestic
purchasers3

593.3
647.4

631.5
665.3

611.6
659.4

628.1
663.5

620.1
664.7

630.5
677.0

647.2
656.0

648.0
641.0

4,171.8 4,191.1 4,181.1 4,185.9 4,199.7 4,216.5 4,162.2 4,117.0

23.8

-3.6

18.9

-2.2

9.5

4.7

-26.4

-25.0

4,148.1 4,194.7 4,162.2 4,188.1 4,190.1 4,211.8 4,188.6 4,142.0

2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.

1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.

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 1.7.—Gross National Product by Sector

Table 1.8.—Gross National Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1982 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1989

1990

IV
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing .
Statistical discrepancy

I

II

1989

1991

1990

1989

III

IV

1990

I"

5,200.8 5,465.1 5,2893 5375.4 5,4433 5,514.6 5,5273 5,557.7
5,163.2 5,423.4 5,246.5 5333.8 5,411.7 5,471.7 5,4763 5302.9
4,418.1 4,619.2 4,483.1 4,551.8 4,613.5 4,659.6 4,652.1 4,659.3
4,346.6 4,527.8 4,399.5 4,455.8 4,522.1 4,571.4 4,562.1 4,559.0
3,915.3 4,068.8 3,955.8 4,007.6 4,067.5 4,106.9 4,093.1 4,086.4
431.2 459.1 443.7 448.1 454.7 464.4 469.0 472.6
89.6
92.0
94.6
93.1
88.6
95.3
93.1
86.7
.4
8.2
-3.2
-4.9
.7
-17.0
-1.7
-3.0

1989

IV
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Statistical discrepancy

1990

I

II

1991

III

IV

F

4,117.7 4,1573 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,124.1
4,087.6 4,125.4 4,0993 4,118.2 4,130.6 4,137.5 4,115.2 4,083.6
3,557.9 3,581.1 3,564.4 3,580.0 3,587.2 3,590.8 3,566.7 3,532.9
3,492.9 3,502.5 3,487.5 3,500.3 3,510.3 3,514.3 3,485.1 3,445.4
3,196.0 3,200.4 3,187.8 3,199.1 3,208.4 3,211.9 3,182.1 3,141.7
296.9 302.1 299.7 301.2 301.8 302.4 303.1 303.7
79.3
79.4
81.2
78.8
79.1
80.2
813
80.0
-2.4
6.2
-13.8
.6
-2.5
.3
-1.3
-3.7

Households and institutions
Private households
Nonprofit institutions

203.6
10.3
193.3

224.8
10.8
214.0

210.3
10.4
199.9

215.0
10.5
204.5

221.4
10.8
210.6

229.3
10.9
218.4

233.4
11.0
222.4

237.4
11.1
226.3

Households and institutions
Private households .
Nonprofit institutions

146.2
9.5
136.6

154.5
9.7
144.8

149.2
9.7
139.6

150.8
9.7
141.2

153.6
9.8
143.7

156.7
9.8
146.9

157.0
9.7
147.3

157.6
9.7
147.9

Government
»
Federal
State and local

541.6
168.6
373.0

579.4
178.5
400.9

553.0
169.7
383.3

567.0
176.6
390.4

576.7
179.2
397.5

582.8
178.3
404.5

591.0
179.8
411.2

606.3
188.5
417.8

Government
Federal
State and local

383.5
126.5
257.0

389.7
127.6
262.1

385.9
126.8
259.2

387.4
127.0
260.4

389.9
128.2
261.7

390.0
127.4
262.7

391.5
127.8
263.6

393.0
128.7
264.4

37.6

41.7

42.8

41.6

31.6

42.9

50.8

54.8

30.2

31.9

33.7

32.4

243

32.6

38.2

403

Rest of the world
Gross domestic business product less

*

3,978.4

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




Rest of the world
Addendum:

Addendum:

Gross domestic business product less
housing

3,252.6

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