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SURVEY OF CURRENT BUSINESS

December 1983

National Income and Product Accounts Tables
New estimates in this issue: Third quarter 1983, revised.
The abbreviations used in the tables are:
CCAdj Capital consumption adjustment
IVA
Inventory valuation adjustment
NIPA's 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 1980-82
and corrections for earlier years are in the July 1983 SURVEY. Summary NIPA Series, 1950-82, are in the October 1983 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

1981

1982

1982
II

Gross national product

III

IV

2,954.1 3,073.0 3,070.2 3,090.7 3,109.6

Personal consumption expenditures

1,857.2

Seasonally adjusted at annual rates

1983
I

II

1981

1982

1982

III r

3,171.5 3,272.0 3,362.2

III

1,513.8 1,485.4

1,489.3

956.8

970.2

968.8

1983
I

IV

II

III r

1,485.7 1,480.7 1,490.1 1,525.1 1,553.4

Exports
Imports

243.4
252.1
258.5
277.7
282.8
766.6
773.0
777.1
799.6
814.8
998.9 1,021.8 1,037.4 1,069.7 1,083.5

141.2
362.5
453.1

139.8
364.2
466.2

139.5
363.5
465.7

138.2
364.7
468.2

143.2
366.0
470.4

145.8
368.9
472.0

156.5
374.7
479.4

157.9
378.1
480.1

414.5

432.5

425.3

377.4

404.1

450.1

501.1

227.6

194.5

201.4

198.4

178.4

190.0

210.0

230.7

439.1
348.3
141.9
206.4
90.8
86.0
1.5
3.2
-24.5
23 i
-1.4

443.7
352.7
144.2
208.5
91.0
86.1
1.6
3.3
-11.2
88
-2.4

430.2
342.3
140.0
202.2
87.9
83.4
1.3
3.3
-4.9
-2.3
-2.6

433.8
337.0
138.6
198.4
96.8
91.2
2.3
3.3
564
-53.7
27

443.5
332.1
132.9
199.3
111.3
106.7
1.3
3.4
394
-39.0
4

464.6
336.3
127.4
208.8
128.4
123.3
1.5
3.5
14 5
-10.3
42

492.5
351.0
130.9
220.2
141.5
136.3
1.6
3.6
8.5
18.4
-9.9

219.1 203.9
174.4
166.1
52.5 ' 53.4
121.9 112.7
44.7
37.8
42.1
35.2
.6
.5
2.0
1.9
94
8.5
5.1 -8.6
§
3.4

204.9
167.1
54.0
113.1
37.8
35.2
.7
1.9
34
-2.2
12

199.8
163.3
53.0
110.3
36.5
34.1
.5
1.9
-1.3
.1
-1.4

201.1
160.5
52.2
108.3
40.6
37.8
.9
1.9
-22.7
-21.1
-1.6

205.4
159.9
50.3
109.6
45.5
43.0
.5
2.0
-15.4
-15.1
-.3

215.6
163.0
48.3
114.7
52.6
50.0
.6
2.1
-5.4
33
-2.1

227.0
170.1
49.6
120.5
56.8
54.1
.6
2.1
3.8
8.8
50

26.3

Net exports of goods and services

986.7 1,010.6 1,016.0

242.9
754.7
975.2

456.5
352.2
133.4
218.8
104.3
99.8
1.3
3.2
18.5
10.9
7.6

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

979.6

244.5
761.0
986.4

474.9

Gross private domestic investment

971.0

236.1
733.9
887.1

Durable goods
Nondurable goods
Services

1,991.9 1,972.8 2,008.8 2,046.9 2,073.0 2,147.0 2,181.1

II

17.4

33.3

.9

5.6

17.0

-8.5

183

28.9

33.4

24.0

23.0

20.5

12.3

11.4

43.0

368.8
342.5

346.0
345.0

321.6
316.1

326.9
309.9

327.1
335.6

341.1
359.4

159.7
116.7

147.3
118.4

154.5
121.1

146.4
122.4

136.5
113.5

137.3
116.8

136.2
123.9

649.2

631.6

655.7

678.7

677.4

683.4

698.3

286.5

291.8

285.8

292.2

299.7

292.9

292.1

295.2

229.2
154.0
75.2
366.5

Federal
National defense
Nondefense
State and local

364.5
331.2

595.7

Government purchases of goods and services

347.6
330.2

140.7
129.2

258.7
179.4
79.3
390.5

244.1
175.2
68.9
387.5

261.7
183.6
78.1
394.0

279.2
190.8
88.5
400.5

273.5
194.4
79.1
404.0

273.7
199.4
74.3
409.7

278.1
201.2
76.9
420.2

110.4
73.6
36.8
176.1

116.6
78.8
37.8
175.2

110.3
77.8
32.5
175.4

116.9
80.4
36.5
175.3

124.4
81.4
43.0
175.2

118.4
82.7
35.7
174.5

117.6
84.2
33.4
174.5

118.9
84.2
34.7
176.3

Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of 1972 dollars

Billions of dollars

Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1981

1982
II

IV

I

II

r

ra

II

III

1,513.8 1,485.4 1,489.3 1,485.7

IV

I

II

III'

1,480.7 1,490.1 1,525.1 1,553.4

3,272.0 3,362.2

2,935.6 3,097.5 3,081.4 3,095.6 3,165.9 3,210.9
-56.4
-39.4
18.5 -24.5
-11.2
-4.9

Final sales
Change in business inventories

3,286.6 3,353.7 1,505.3 1,494.8 1,492.7 1,487.0 1,503.4 1,505.5 1,530.5 1,549.7
3.8
5.4
-22.7
-15.4
-1.3
-9.4
34
-14.5
8.5
8.5

1,292.2

1,346.8 1,388.9

692.6

661.6

664.6

661.6

652.1

656.9

681.8

699.0

1,273.4 1,305.4 1,302.0 1,291.5 1,321.2 1,331.6
394
18.5 -24.5
-11.2
49
564

Goods

1,361.3 1,380.4
-14.5
8.5

684.1
8.5

671.0
-9.4

668.1
-3.4

663.0
-1.3

674.8
-22.7

672.3
15.4

687.2
-5.4

695.3
3.8

568.9
555.9
13.1
820.0
824.5
-4.5

294.0
292.5
1.6
398.6
391.7
6.9

269.6
276.1
-6.5
392.0
394.9
29

275.4
276.5
-1.1
389.3
391.6
-2.3

274.9
271.6
3.2
386.7
391.3
46

256.4
275.3
189
395.6
399.4
-3.8

261.3
277.0
157
395.6
395.2
.3

287.4
291.1
-3.7
394.5
396.1
-1.7

299.9
294.1
5.8
399.2
401.2
-2.0

702.7
118.5

712.2
111.6

712.8
111.9

713.9
110.2

715.0
113.6

717.8
115.4

723.0
120.3

727.0
127.3

1,291.8 1,208.9

Final sales
. ...
Change in business inventories

....

528.0
524.3
3.6
763.9
749.1
14.8

500.8
516.3
-15.5
780.1
789.1
-9.1

1,290.8

514.3
516.8
-2.5
776.5
785.2
-8.7

1,286.6

518.4
512.0
6.4
768.3
779.5
-11.3

1,264.8

474.0
519.0
-45.0
790.8
802.2
-11.4

482.7
520.9
-38.2
809.5
810.6
-1.2

536.8
545.7
-8.9
810.0
815.7
-5.7

Services
Structures. .. .

1,374.2 1,511.1 1,496.4 1,527.2 1,560.5 1,588.4
284.3
290.9
276.9
283.0
288.0
281.0

1,623.4 1,651.0
301.9
322.3

Addenda:
Gross domestic purchases *
Final sales to domestic purchasers1

2,927.8 3,055.6 3,037.0 3,089.8 3,104.0 3,154.6
2,909.4 3,080.1 3,048.2 3,094.7 3,160.4 3,193.9

3,280.5 3,380.5
3,295.0 3,371.9

1,470.8 1,456.5 1,455.9 1,461.7 1,457.7 1,469.6 1,512.8 1,542.0
1,462.3 1,465.9 1,459.4 1,463.0 1,480.4 1,485.0 1,518.3 1,538.2

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




1983

1982

1982

2,954.1 3,073.0 3,070.2 3,090.7 3,109.6 3,171.5

Gross national product

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

III

1981

1983

1982

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