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SURVEY OF CURRENT BUSINESS

March 1989

National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1988, revised (0The 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.) The full set of 132 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 July 1988 SURVEY.
The full set of estimates for 1985-87 is in the July 1988 issue of the SURVEY; 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 (GPO Stock No. 003010-00174-7, 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 $200 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

1987

1988r

1987
III

Gross national product
Personal consumption
expenditures
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

Seasonally adjusted at annual rates

1987

1988
IV

I

II

III

IVr

4,526.7 4,864.3 4,568.0 4,662.8 4,724.5 4,823.8 4,909.0 4,999.7
3,012.1 3,227.5 3,058.2 3,076.3 3,128.1 3,194.6 3,261.2 3,326.4
421.9
451.1
441.4
422.0 437.8 449.8 452.9 464.0
997.9 1,046.9 1,006.6 1,012.4 1,016.2 1,036.6 1,060.8 1,073.9
1,592.3 1,729.6 1,610.2 1,641.9 1,674.1 1,708.2 1,747.5 1,788.5

712.9

766.5

702.8

764.9

763.4

758.1

772.5

772.0

673.7
446.8
139.5

718.1
488.4
142.8

688.3
462.1
143.0

692.9
464.1
147.7

698.1
471.5
140.1

714.4
487.8
142.3

722.8
493.7
143.8

737.2
500.6
145.0

307.3
226.9

345.6
229.7

319.1
226.2

316.3
228.8

331.3
226.6

345.5
226.5

349.9
229.1

355.6
236.6

39.2
40.7
-1.5

48.4
42.2
6.1

14.5
17.8
-3.3

72.0
72.8
-.8

65.3
49.4
15.9

43.7
33.1
10.6

49.7
41.9
7.8

34.7
44.6
-9.8

nn *

on (\

-96.1

123 0 -94.6
519.7
614.4

125 2

125 7 -112.1

440.4
565.6

459.7
585.4

487.8
599.9

507.1
597.5

536.1
616.0

548.0
644.0

924.7

964.9

932.2

947.3

945.2

961.6

955.3

997.5

382.0
295.3
86.7
542.8

381.0
298.4
82.6
583.9

386.3
299.8
86.4
546.0

391.4
299.2
92.2
555.9

377.7
298.4
79.3
567.5

382.2
298.8
83.4
579.4

367.7
294.3
73.4
587.6

396.3
301.9
94.3
601.2

428.0
551.1

1988r

III

IV

I

II

III

IVr

3,847.0 3,996.1 3,865.3 3,923.0 3,956.1 3,985.2 4,009.4 4,033.4

Gross national product
Personal consumption
expenditures .
Durable goods
Nondurable goods
Services

1988

1987

2,521.0 2,592.2 2,545.2 2,531.7 2,559.8 2,579.0 2,603.8 2,626.2
,

Gross private domestic
investment.

410.4
416.5
410.6
390.9 409.7 406.5 387.6 401.1
890.5 892.7 893.6 904.5 907.4
890.5 899.6 891.9
1,239.5 1,283.0 1,246.8 1,253.6 1,265.9 1,274.8 1,288.9 1,302.2
674.8

721.8

667.9

724.7

728.9

715.1

726.1

717.1

640.4
445.1
125.5

679.3
487.5
125.1

654.9
462.8
128.0

657.6
464.8
132.1

662.9
473.4
124.0

679.7
490.2
125.0

686.6
495.0
125.8

688.0
491.4
125.5

319.6
195.2

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

362.4
191.8

334.7
192.1

332.7
192.7

349.4
189.5

365.1
189.6

369.2
191.6

365.9
196.6

42.5
40.0
2.5

13.0
18.3
-5.3

67.1
68.2
-1.1

66.0
51.9
14.1

35.3
30.1
5.3

39.5
40.4
.8

29.1
37.6
-8.5

34.4
36.9
-2.5

Net exports of goods and
services

130.7

126.0

109.0

-92.6

427.8
556.7

504.8
605.0

440.9
571.6

459.2
585.2

486.2
595.1

496.9
589.5

780.2

782.3

782.9

792.6

776.4

783.8

773.5

795.5

339.0
264.9
74.1
441.2

328.7
261.8
66.9
453.6

342.1
269.5
72.6
440.8

347.7
268.2
79.5
444.9

327.8
264.6
63.2
448.7

331.6
263.6
67.9
452.2

320.1
256.4
63.7
453.4

335.5
262.5
72.9
460.0

-128.9 -100.2

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

-93.9 -105.4
522.1
514.0
607.9 627.4

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 1.3.—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

1987

1988r
III

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

1988

1987
IV

I

II

1987
III

IVr

4,526.7 4,864.3 4,568.0 4,662.8 4,724.5 4,823.8 4,909.0 4,999.7
4,487.5 4,815.9 4,553.5 4,590.7 4,659.2 4,780.1 4,859.3 4,965.0

39.2

48.4

14.5

72.0

65.3

43.7

49.7

34.7

1,792.5 1,938.7 1,812.9 1,849.3 1,879.5 1,928.0 1,960.1 1,987.1
1,753.3 1,890.3 1,798.4 1,777.3 1,814.2 1,884.3 1,910.4 1,952.4

39.2

48.4

14.5

776.3
749.7

858.3
827.3

792.2
789.3

72.0

65.3

43.7

49.7

34.7

808.7
758.2

819.3
792.7

849.5
831.6

881.6
836.4

882.7
848.6

34.1
45.1
17.8
50.5
26.6
2.9
30.9
26.6
1,016.2 1,080.4 1,020.7 1,040.7 1,060.1 1,078.5 1,078.5 1,104.4
1,003.6 1,063.0 1,009.1 1,019.1 1,021.5 1,052.7 1,074.0 1,103.8
.6
25.9
4.6
38.6
21.6
11.6
12.6
17.4
2,295.7 2,477.9 2,314.4 2,363.9 2,405.2 2,451.5 2,501.6 2,553.5
438.4

447.6

440.6

449.5

439.9

444.3

447.3

459.1

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




1987

1988'
III

Gross national product
Final sales
Change in business
inventories

1988
IV

I

II

III

IV

3,847.0 3,996.1 3,865.3 3,923.0 3,956.1 3,985.2 4,009.4 4,033.4
3,812.6 3,953.6 3,852.2 3,855.9 3,890.1 3,949.9 3,969.9 4,004.4

34.4

42.5

13.0

67.1

66.0

35.3

39.5

29.1

1,663.3 1,762.3 1,677.5 1,713.9 1,748.1 1,762.4 1,768.9 1,769.6
1,628.9 1,719.8 1,664.5 1,646.8 1,682.2 1,727.1 1,729.4 1,740.6

Goods
Final sales
Change in business
inventories

34.4

42.5

13.0

67.1

66.0

35.3

39.5

29.1

Durable goods
Final sales
Change in business
inventories

774.6
750.7

864.8
837.3

793.7
790.8

812.7
767.2

832.5
809.0

861.7
845.8

885.0
844.6

879.8
849.7

23.9

27.5

45.5

23.5

15.9

40.4

30.1

Nondurable goods
Final sales
Change in business
inventories

888.8
878.2

897.5
882.5

883.8
873.7

901.2
879.6

915.6
873.2

900.7
881.3

884.0
884.9

889.8
890.8

10.5

15.0

10.1

21.6

42.4

19.4

-.9

-1.0

Services
Structures

,

2.9

1,801.1 1,855.4 1,806.6 1,822.3 1,833.4 1,846.1 1,862.8 1,879.2
382.6 378.4 381.1 386.7 374.6 376.7 377.7 384.6

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