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SURVEY OF CURRENT BUSINESS
Selected National Income and Product Accounts Tables

August 1985

New estimates in this issue: Second quarter 1985,
The abbreviations used in the tables are: CCAdj
IVA
NIPA's

revised.
Capital consumption adjustment
Inventory valuation adjustment
National income and product accounts
Preliminary
p
Revised
r
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 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1983

1984

1984
I

II

1985
III

IV

I

1983
II

1985

1984

1984

r

I

II

III

I

IV

II'

Gross national product

3,304.8 3,662.8 3,553.3 3,644.7 3,694.6 3,758.7 3,810.6 3,855.1

1,534.7 1,639.3 1,610.9 1,638.8 1,645.2 1,662.4 1,663.5 1,671.6

Personal consumption expenditures

2,155.9 2,341.8 2,276.5 2,332.7 2,361.4 2,396.5 2,446.5 2,497.5

1,009.2 1,062.4 1,044.1 1,064.2 1,065.9 1,075.4 1,089.1 1,103.4

317.2
326.3
340.0
320.7
334.8
318.8
310.9
279.8
861.4
866.5
877.3
892.5
801.7
856.9
841.3
858.3
1,074.4 1,166.1 1,124.4 1,153.7 1,182.8 1,203.8 1,234.4 1,265.1

Durable goods
Nondurable goods
Services

178.0
393.5
490.8

173.7
387.1
483.4

178.6
396.6
488.9

177.0
395.5
493.5

182.9
395.0
497.5

187.0
398.6
503.5

190.3
403.6
509.4

471.6

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

637.8

623.8

627.0

662.8

637.8

646.8

640.9

221.0

289.9

285.5

283.9

300.2

289.9

292.1

288.1

485.1
352.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
-3.1
-10.4

Gross private domestic investment

579.6
425.7
150.4
275.3
153.9
148.8
1.1
4.0
58.2
49.6
8.6

550.0
398.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2

576.4
420.8
150.0
270.7
155.6
150.5
1.0
4.1
50.6
47.0
35

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

606.1
450.9
162.9
288.0
155.2
150.0
1.0
4.2
40.7
34.1
6.6

622.7
464.5
168.3
296.2
158.2
152.9
1.0
4.3
18.1
12.8
5.3

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

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

273.0
213.0
60.8
152.2
60.0
57.2
.4
2.4
19.1
15.7
3.4

279.8
219.0
62.0
157.0
60,8
57.9
.4
2.5
8.3
5.4
2.8

-64.2

-51.5

-90.6

-93.4

-28.4

-33.3

-56.0

-74.5

-8.3

-11.4

-27.0

-13.4

336.2
344.4

364.3
428.5

358.9
410.4

362.4
421.1

368.6
459.3

367.2
423.2

360.7
435.2

349.4
442.8

139.5
126.9

146.0
161.1

144.9
153.2

144.7
156.2

147.4
174.4

147.1
160.5

143.7
172.1

138.8
172.1

685.5

747.4

704.4

743.7

761.0

780.5

791.9

810.1

291.9

302.1

289.5

302.1

306.1

310.5

310.7

313.5

296.4
220.8
75.6
447.4

302.0
220.3
81.7
458.9

323.8
240.6
83.1
486.3

116.2
84.7
31.5
175.7

122.5
89.6
32.9
179.6

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

129.8
92.7
37.1
180.9

129.8
94.5
35.3
183.7

8.3

Net exports of foods and services
Exports
Imports.

157.5
376.3
475.4

. .

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

269.7
200.5
69.3
415.8

295.4
221.5
73.9
452.0

267.6
213.4
54.2
436.8

-58.7

315.7
231.6
84.1
464.8

319.9
233.9
85.9
472.0

12.6

-15.0

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

3,304.8 3,662 8 35533 3 644 7 3 694 6 3 7587

Goods

. .

3 810 6 3 855 1 1 5347 1 6393 1 6109 1 638 8 1 645 2 1 662 4 1 663 5 1 671 6

3,318 3 36046 34795 35941 36228 37221
135
58 2
73 8
71 8
506
36 6

Final sales
Change in business inventories

3 7700 3 837 0 1 538 3 1 614 5 1 579 3 1 618 5 1 614 6 1 6456 1 644 4 16633
407
24 8
30 6
83
18 1
36
31 6
203
16 8
19 1

1 355 7 1 543 0 1 498 0 1 544 8 1 549 2 1 579 8 1 583 8 1 575 0

688 6

764 5

744 9

767 4

766 8

778 8

773 0

770 8

1 369 2 1 484 8 1 4242 1 494 2 1 477 4 1 543 2 1 543 1 1 556 9
-135
582 ' 73 8 ' 50 6 718
366
' 40 7
18 1

6922
36

7396
24 8

713 3
31 6

747 1
203

736 1
306

7620
168

753 8
19 1

7625
83

2956
296 1
5
3929
396 1
32

341 6
328 4
13 2
4229
411 2
11 7

331 1
316 4
147
413 8
3969
16 9

339 5
331 4
81
427 9
4157
122

3402
3224
17 8
426 5
4137
12 8

3554
343 4
12 0
423 5
418 6
48

3469
334 3
126
4260
419 5
65

3453
3430
24
425 5
4195
59

Services
Structures

1 639 3 1 763 3 1 713 7 1 742 6 1 7833 1 813 7 1 857 2 1 895 1 723 2
309.8
3565
341 6
357 2
362 1
3652
369 6
1229
385 0

736 7
138 1

731 4
134 6

732 9
1385

739 0
1394

743 6
1400

749 7
1409

755 6
1453

Addenda:
Gross domestic purchases *
Final sales to domestic purchasers *

33131 37270 3 604 8 3 703 4 37852 3 814 8
33265 36688 3*5310 36528 37134 37781

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

5553
5575
21
8004
8117
-113

6557
6253
304
8873
8595
278

6323
5975
349
8657
8268
389

6479
6297
18 2
8969
8646
324

6547
613 1
41 7
8944
8643
301

6877
6610
267
8921
882 2
99

677 1
6482
29 0
9067
895 0
117

6668
6622
46
9082
8946
136

3 8852 3948 5 1 522 1 1 654 4 1 619 2 1 650 2 1 672 2 1 675 8 1 692 0 1 704 9
3*844 5 3 9304 1 5257 1 6295 1 587 6 1 6299 1 641 6 1 659 0 1 672 8 1 6967

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

Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing




33048 3 662 8 3 553 3 3 644 7 3 694 6 3 758 7 3 810 6
3,256 5
27908
27289
2,434 7
2942
61 5
5
1165
78
1087
3492
1078
241 4
48 3
2,487.7

3619 2
3 1205
3 0490
27257
323 2
789
74
1235
81
1154
3753
1146
2607
43 $

3 505 7
3 017 2
2 9434
26328
310 6
71 6
22
121 0
79
113 1
367 4
1138
253 6
47 6

3 602 6
3 106 8
3037 5
27188
3187
78 3
90
123 1
80
115 1
3727
1144
2583
42 i

3 650 1
3 148 5
3*078 0
2*750 3
327 7
83 5
13 0
123 8
81
1157
377 7
114 7
263 0
44 5

37186
3 209 4
3*137 0
2 801 1
335 9
82 3
99
1260
83
117 8
383 2
115 3
267 8
40 2

q Q<rr i

3 772 9 3 817 6
3 252 5 q OOQ q
3 185 0 3 227 7
2841 6 2 8756
343 3
352 1
7c 7
81
128 0
84
1197
392 4
119 1
273 3
37 7

79 ft
11 1

130 3
85
121 8
398 1
119 7
978 3

37 4

1 ROA 7

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1 *tftQ 9 1 filQ 8 1 625 3
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1 273 8 1 377 6 1 347 K. 1 38ft 1 1 383 ^ 1 3QQ 9
1 130 6 1*228 8 1 200 9 1 939 1 1 233 9 1 948 1
I ^Q A
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148 8
'l4fi £.
'l4Q fi
*143 2
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1 £,7 a 1 ^8 1 1 ^8 3
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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102