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SURVEY OF CURRENT BUSINESS

March 1985

National Income and Product Accounts Tables
New estimates in this issue: Fourth quarter and annual 1984, revised.
The abbreviations used in the tables are: CCAdj Capital consumption adjustment
Inventory valuation adjustment
IVA
NIPA's 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 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 and
corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY.
Summary NIPA Series, 1952-83, are in the August 1984 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 dollars

Billions of 1972 dollars

Seasonally adjusted at annual rates

1983

1984

r

1983
IV

III

Seasonally adjusted at annual rates

1984
I

1983

II

III

1984

r

1983

IV r

1984

III

IV

I

II

III

IV '

3,304.8 3,662.8 3,346.6 3,431.7 3,553.3 3,644.7

Gross national product
Personal consumption expenditures

3,694.6 3,758.7

1,534.7

1,639.3

1,550.2

1,572.7

1,610.9

1,638.8

1,645.2

1,662.4

2,230.2 2,276.5 2,332.7

2,361.4 2,396.5

1,009.2

1,062.4

1,015.6

1,032.4

1,044.1 1,064.2

1,065.9

1,075.4

157.5
376.3
475.4

178.0
393.5
490.8

159.6
378.5
477.6

167.2
383.2
482.0

178.6
396.6
488.9

177.0
395.5
493.5

182.9
395.0
497.5

2,155.9 2,341.8 2,181.4
318.8
• 279.8
801.7
856.9
1,074.4 1,166.1

Durable goods
Services
Gross private domestic investment
Fixed investment
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Farm

284.1
811.7
1,085.7

310.9
299.8
841.3
823.0
1,107.5 1,124.4

320.7
317.2
858.3
861.4
1,153.7 1,182.8

326.3
866.5
1,203.8

173.7
387.1
483.4

471.6

637.8

491.9

540.0

623.8

627.0

662.8

637.8

221.0

289.9

230.6

249.5

285.5

283.9

300.2

289.9

485.1
325.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
-3.1
-10.4

579.6
425.7
150.4
275.3
153.9
148.8
1.1
4.0
58.2
49.6
8.6

496.2
353.9
126.2
227.8
142.3
137.7
.9
3.7
-4.3
11.6
-15.9

527.3
383.9
136.6
247.3
143.4
138.7
.9
3.8
12.7
14.1
-1.4

550.0
389.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2

576.4
402.8
150.0
270.7
155.6
150.5
1.0
4.1
50.6
47.0
3.5

591.0
435.7
151.4
284.2
155.3
150.1
1.2
4.0
71.8
63.7
8.1

601.1
447.7
157.9
289.7
153.5
148.3
1.0
4.1
36.6
27.2
9.4

224.6
171.0
49.2
121.8
53.7
51.2
.4
2.1
3.6
.6
4.2

265.1
204.9
56.9
148.0
60.2
57.5
.4
2.3
24.8
20.9
4.0

229.8
172.6
48.3
124.3
57.2
54.7
.4
2.1
.9
7.4
-6.6

242.2
184.5
51.4
133.1
57.8
55.2
.4
2.2
7.2
7.0
.2

253.9
193.3
54.1
139.2
60.6
58.0
.4
2.2
31.6
26.2
5.4

263.7
202.9
56.8
146.0
60.8
58.1
.4
2.3
20.3
18.7
1.6

269.6
209.5
57.1
152.4
60.1
57.3
.5
2.3
30.6
26.5
4.1

273.1
213.8
59.4
154.4
59.2
56.5
.4
2.4
16.8
12.0
4.8

-58.7

-90.6

560

12.6

150

11.9

2.0

-8.3

27 o

-13.4

336.2
344.4

364.3
428.5

342.0
358.4

346.1
375.9

358.9
410.4

362.4
421.1

368.6
459.3

367.2
423.2

139.5
126.9

146.0
161.1

141.6
129.7

141.0
139.1

144.9
153.2

144.7
156.2

147.4
174.4

147.1
160.5

685.5

747.4

689.8

691.4

704.4

743.7

761.0

780.5

291.9

302.1

292.0

288.8

289.5

302.1

306.1

310.5

269.7
200.5
69.3
415.8

295.4
221.5
73.9
452.0

269.2
200.9
68.3
420.6

266.3
207.2
59.1
425.1

267.6
213.4
54.2
436.8

296.4
220.8
75.6
447.4

302.0
220.3
81.7
458.9

315.7
231.6
84.1
464.8

116.2
84.7
31.5
175.7

122.5
89.6
32.9
179.6

115.6
84.4
31.2
176.4

113.0
86.3
26.7
175.8

112.2
87.1
25.2
177.3

123.2
89.6
33.6
178.9

125.0
89.1
36.0
181.1

129.6
92.7
36.8
180.9

-8.3
Exports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local

-64.2

-16.4

-29.8

-51.5

11 4

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of dollars

Billions of 1972 dollars

Seasonally adjusted at annual rates

1983

1984

r

1983
III

Gross national product
Final sales
Change in business inventories

Seasonally adjusted at annual rates

1984
IV

I

II

1983
III

1984

r

1983

IV r

1984

III

IV

I

II

1,550.2

1,572.7

1,610.9

III

IV r

3,304.8 3,662.8 3,346.6 3,431.7 3,553.3 3,644.7

3,694.6 3,758.7

1,534.7

1,639.3

1,638.8

1,645.2 1,662.4

3,318.3 3,604.6 3,350.9 3,419.0 3,479.5 3,594.1
-4.3
12.7
73.8
50.6
-13.5
58.2

3,622.8 3,722.1
71.8
36.6

1,538.3
36

1,614.5 1,549.3 1,565.4 1,579.3 1,618.5
.9
24.8
7.2
31.6
20.3

1,614.6 1,645.6
.30.6
16.8

1,355.7

1,543.0

1,498.0 1,544.8

1,549.2

1,579.8

688.6

764.5

698.1

715.5

744.9

767.4

766.8

778.8

Final sales
Change in business inventories

1,369.2
-13.5

1,484.8 1,377.5 1,411.2 1,424.2 1,494.2
12.7
-4.3
73.8
50.6
58.2

1,477.4
71.8

1,543.2
36.6

692.2
-3.6

739.6
24.8

697.2
.9

708.2
7.2

713.3
31.6

747.1
20.3

736.1
30.6

762.0
16.8

Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales

555.3
557.5
21
800.4
811.7
-11.3

Goods

1,373.2 1,423.9

576.9
564.5
12.5
796.2
813.0
168

607.4
592.9
14.5
816.5
818.3
-1.7

632.3
597.5
34.9
865.7
826.8
38.9

647.9
629.7
18.2
896.9
864.6
32.4

654.7
613.1
41.7
894.4
864.3
30.1

687.7
661.0
26.7
892.1
882.2
9.9

295.6
296.1
-.5
392.9
396.1
-3.2

341.6
328.4
13.2
422.9
411.2
11.7

305.2
299.6
5.6
392.9
397.7
-4.8

318.6
311.9
6.6
396.9
396.3
.6

331.1
316.4
14.7
413.8
396.9
16.9

339.5
331.4
8.1
427.9
415.7
12.2

340.2
322.4
17.8
426.5
413.7
12.8

355.4
343.4
12.0
423.5
418.6
4.8

Services
Structures

1,639.3 1,763.3 1,654.5 1,681.3 1,713.7
326.5
319.0
341.6
309.8
356.5

1,742.6
357.2

1,783.3
362.1

1,813.7
365.2

723.2
122.9

736.7
138.1

725.4
126.6

728.7
128.5

731.4
134.6

732.9
138.5

739.0
139.4

743.6
140.0

Addenda:
Gross domestic purchases1
Final sales to domestic purchasers 1

3,313.1 3,727.0 3,363.0 3,461.5 3,604.8 3,703.4
3,326.5 3,668.8 3,367.4 3,448.8 3,531.0 3,652.8

1,522.1 1,654.4 1,538.3
1,525.7 1,629.5 1,537.4

1,570.7
1,563.4

655.7
625.3
30.4
887.3
859.5
27.8

3,785.2 3,814.8
3,713.4 3,778.1

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




1,619.2 1,650.2 1,672.2 1,675.8
1,587.6 1,629.9 1,641.6 1,659.0

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