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8 May 1991 SURVEY OF CURRENT BUSINESS NATIONAL INCOME AND PRODUCT ACCOUNTS Selected NIPA Tables New estimates in this issue: First quarter 1991, revised; for gross domestic product of nonfinancial corporate business in 1982 dollars (table 1.1.6) and current-dollar cost and profit per unit of constant-dollar domestic product of nonfinancial corporate business (table 7.18), revised from 1977 forward. 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 1989 1990 1989 IV .. HI IV Fixed investment Nonresidential Structures Producers' durable equipment .... Residential Change in business inventories Nonfarm Farm Net exports of goods and services l Exports l 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 3,744.5 . 771.2 741.0 762.7 747.2 759.0 759.7 6983 664.2 742.9 511.9 146.2 365.7 231.0 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 1.5 695.4 504.2 139.8 364.4 191.2 -31.2 -34.1 2.9 -46.1 -31.2 -35.3 -30.0 -24.9 -41.3 -28.8 12.1 626.2 672.3 672.8 704.0 642.8 678.1 661.3 691.3 659.7 684.6 672.7 714.1 697.4 726.2 687.5 675.4 1,025.6 1,098.1 1,043.3 1,070.1 1,086.4 1,102.8 1,132.9 1,140.9 ... ...... 400.0 301.1 98.9 625.6 424.0 313.6 110.4 674.1 399.9 299.2 100.7 643.4 410.6 307.2 103.4 659.6 421.9 309.6 112.3 664.6 425.8 312.6 113.2 677.0 437.6 325.0 112.6 695.3 1990 I" 474.6 480.3 471.2 492.1 478.4 482.3 468.5 453.4 1,130.0 1,193.7 1,148.8 1,174.7 1,179.0 1,205.0 1,216.0 1,212.3 1,845.5 1,983.3 1,898.5 1,921.3 1,965.3 2,006.2 2,040.4 2,078.8 Gross private domestic investment Federal National defense Nondefense State and local II 1989 443.5 330.8 112.7 697.4 Gross national product Personal consumption expenditures ' . Durable goods Nondurable goods Services * Gross private domestic investment Fixed investment Nonresidential Producers' durable equipment .... Residential Change in business inventories Nonfarm Farm Net exports of goods and services 1 Exports ' Government purchases of goods and services Federal National defense Nondefense State and local 1991 1990 1989 IV 5,200.8 5,465.1 5,289.3 5,375.4 5,443.3 5,514.6 5,5273 5,561.7 Gross national product Personal consumption expenditures 1 . Durable goods .... Nondurable goods Services' I Seasonally adjusted at annual rates 1991 1990 I n HI IV 4,117.7 4,1573 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,126.5 2,656.8 2,681.6 2,669.9 2,677.3 2,678.8 2,696.8 2,673.6 2,664.9 428.0 427.4 423.1 437.6 426.8 429.5 415.6 401.3 919.9 911.1 923.0 915.6 911.2 916.4 901.2 896.8 1,309.0 1,343.1 1,323.8 1,324.2 1,340.8 1,350.8 1,356.7 1,366.7 716.9 688.7 709.1 700.7 700.7 697.0 656.3 626.1 693.1 506.1 122.4 383.7 187.0 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 0 649.9 497.4 114.0 383.4 152.4 -23.7 -26.8 3.1 -54.1 -33.8 -47.9 -35.4 -44.6 -46.5 682.7 519.4 116.4 403.1 163.3 -26.4 -28.5 2.1 -8.8 593.3 647.4 631.5 665.3 611.6 659.4 628.1 663.5 620.1 664.7 630.5 677.0 647.2 656.0 643.0 636.6 798.1 820.8 802.2 807.9 820.2 822.7 832.3 829.1 334.9 256.3 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 84.2 482.4 348.8 266.8 82.1 480.3 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. 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 Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Structures II III IV , 5,172.5 5,470.2 5,264.3 5,387.2 5,429.9 5,505.6 5,558.2 5,592.9 -31.2 13.4 9.0 -30.8 -5.0 25.0 -11.8 28.3 2,044.4 2,148.3 2,060.9 2,122.8 2,133.1 2,161.4 2,175.9 2,169.4 -31.2 13.4 9.0 -30.8 25.0 -11.8 28.3 -5.0 953.2 943.4 9.8 1990 Gross national product Final sales Change in business inventories Goods Final sales Change in business inventories 1991 1990 1989 IV 5,200.8 5,465.1 5,289.3 5,375.4 5,443.3 5,514.6 5,5273 5,561.7 I II III IV V 4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,126.5 4,094.0 4,160.9 4,114.4 4,152.8 4,145.6 4,165.3 4,179.8 4,150.2 -2.2 4.7 -26.4 -23.7 23.8 9.5 18.9 -3.6 1,829.5 1,829.3 1,823.1 1,825.4 1,831.3 1,839.7 1,821.0 1,798.1 1,805.7 1,832.9 1,804.3 1,827.6 1,821.8 1,835.0 1,847.4 1,821.8 -2.2 4.7 -26.4 -23.7 23.8 -3.6 18.9 9.5 878.8 917.9 -39.1 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 -28.1 878.7 910.6 -31.9 1,166.0 1,215.3 1,178.6 1,191.2 1,216.4 1,217.2 1,236.3 1,259.4 1,149.6 1,209.3 1,166.7 1,181.4 1,203.0 1,218.0 1,234.7 1,251.5 13.4 16.4 1.7 -.8 9.8 11.9 6.0 7.9 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 1.6 919.3 911.2 8.2 906.6 894.7 11.9 928.0 939.1 -11.1 907.4 894.2 13.2 919.9 941.4 -21.6 930.1 930.1 0 908.7 941.2 -32.5 2,671.2 2,864.5 2,747.5 2,791.3 2,834.2 2,889.6 2,943.0 3,004.6 456.9 457.4 455.9 473.0 462.5 454.6 4393 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1989 V 2,072.7 2,143.3 2,085.9 2,111.0 2,146.6 2,170.4 2,145.0 2,138.2 Goods Services I 6.4 Seasonally adjusted at annual rates 1991 1990 1989 r 418.9 Services Structures 1,915.6 1,961.0 1,939.7 1,943.7 1,952.5 1,967.3 1,980.7 1,993.4 372.7 366.9 370.4 381.5 371.2 363.1 351.7 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 335.0 May 1991 SURVEY OF CURRENT BUSINESS 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 [Billions of dollars] [Billions of 1982 dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1989 1990 1989 IV Gross national product 1990 I n III IV 2 Equals: Gross domestic purchases .... Less: Change in business inventories Equals: Final 3sales to domestic purchasers 626.2 672.3 672.8 704.0 642.8 678.1 661.3 691.3 659.7 684.6 672.7 714.1 697.4 726.2 687.5 675.4 5,246.9 5,496.4 5324.6 5,4053 5,468.2 5,555.9 5,556.1 5,549.7 28.3 -5.0 25.0 -11.8 13.4 9.0 -30.8 1990 i' 5,200.8 5,465.1 5,289.3 5375.4 5,4433 5,514.6 5,5273 5,561.7 Less: Exports of goods and services * .... Plus: Imports of goods and services l .... 1989 1991 -31.2 5,218.6 5,501.4 5,299.6 5,417.1 5,454.7 5,546.9 5,586.9 5,580.8 1989 IV 1991 1990 I II III IV 4,117.7 4,1573 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,126.5 Gross national product Less: Exports of goods and services l .... Plus: Imports of goods and services * .... 2 Equals: Gross domestic purchases .... Less: Change in business inventories Equals: Final 3sales to domestic purchasers 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 23.8 -3.6 18.9 -2.2 9.5 4.7 -26.4 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 IV Gross national product Gross domestic product Business Nonfarm Nonfarm less housing Housing Statistical discrepancy 1990 I n 1989 1991 III IV -23.7 4,148.1 4,194.7 4,162.2 4,188.1 4,190.1 4,211.8 4,188.6 4,143.9 1. See the box on page 2i 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. 1990 643.0 636.6 4,171.8 4,191.1 4,181.1 4,185.9 4,199.7 4,216.5 4,162.2 4,120.1 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. 1989 lr 1990 IV I" 5,200.8 5,465.1 5,2893 5375.4 5,4433 5,514.6 5,5273 5,561.7 5,163.2 5,423.4 5,246.5 5,333.8 5,411.7 5,471.7 5,476.5 5,506.5 4,418.1 4,619.2 4,483.1 4,551.8 4,613.5 4,659.6 4,652.1 4,662.4 4,346.6 4,527.8 4,399.5 4,455.8 4,522.1 4,571.4 4,562.1 4,562.3 3,915.3 4,068.8 3,955.8 4,007.6 4,067.5 4,106.9 4,093.1 4,089.7 431.2 459.1 443.7 448.1 454.7 464.4 469.0 472.6 88.6 86.7 89.6 93.1 95.3 94.6 93.1 92.0 -3.0 .7 .4 -17.0 -1.7 -3.2 -4.9 8.1 •1989 Gross national product Gross domestic product Business Nonfarm . Nonfarm less housing Farm Statistical discrepancy 1991 1990 I II III IV r 4,117.7 4,157.3 4,133.2 4,150.6 4,155.1 4,170.0 4,153.4 4,126.5 4,087.6 4,125.4 4,099.5 4,118.2 4,130.6 4,137.5 4,115.2 4,085.6 3,557.9 3,581.1 3,564.4 3,580.0 3,587.2 3,590.8 3,566.7 3,534.6 3,492.9 3,502.5 3,487.5 3,500.3 3,510.3 3,514.3 3,485.1 3,447.2 3,196.0 3,200.4 3,187.8 3,199.1 3,208.4 3,211.9 3,182.1 3,143.5 296.9 302.1 299.7 301.2 301.8 302.4 303.1 303.7 80.2 79.4 81.2 81.3 80.0 79.1 78.8 79.3 6.2 -2.4 .6 -3.7 .3 -13.8 -1.3 -2.5 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 11.0 222.4 237.8 11.1 226.7 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 9.7 147.3 158.0 9.7 148.3 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 50.8 553 30.2 31.9 33.7 32.4 24.5 32.6 38.2 40.8 Rest of the world Addendum: Gross domestic business product less housing Addendum: Gross domestic business product less 3,978.4 32526 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Rest of the world NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Comprehensive Revision of the NIPA's Revised and updated estimates of the national income and product accounts (NIPA's) resulting from a comprehensive, or benchmark, revision are scheduled for release at the end of November 1991 and will appear in the November SURVEY OF CURRENT BUSINESS. These estimates will incorporate statistical revisions resulting from (1) newly available source data, such as the 1982 benchmark input-output tables, the 1987 Economic Censuses, and several annual surveys for 1989 and 1990, (2) changes in methodology, and (3) a shift, from 1982 to 1987, in the base period used to express constant-dollar GNP in prices of a single period. The estimates will also reflect changes in definitions and classifications. In addition, table formats will be revised and new series presented. The most important of the new series will be alternative measures of constant-dollar GNP; these measures, described in the April 1989 SURVEY, involve approaches to weighting that use prices for more than one year. The changes to be introduced in the comprehensive revision will be described in a SURVEY article this summer. In general, the statistical revisions will affect the estimates back to 1978, the changes hi definitions and classifications will affect the estimates as far back as necessary, and the shift in base period will affect the estimates back to 1929. The estimates released in November will be limited to 1959 forward and will exclude the GNP by industry series; estimates for earlier periods and for the industry series will be released during 1992. The annual NIPA revision covering 1988-90, which would usually be released in July 1991, will be postponed and combined with the comprehensive revision. The July SURVEY will include tables showing detailed annual estimates for 1990 on an unrevised basis (in addition to those that appear monthly in the "Selected NIPA Tables").
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