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SURVEY OF CURRENT BUSINESS

September 1995

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: "Final" estimates for the second quarter of 1995.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated
monthly, (In most tables, the annual estimates are also shown.) These tables are available on the day of
the gross domestic product (GDP) news release on printouts and diskettes on a subscription basis or from the
Commerce Department's Economic Bulletin Board. For order information, write to the National Income and
Wealth Division (31-54), Bureau of Economic Analysis, Washington, DC 20230 or call (202) 606-9700.
Tables containing the estimates for 1929-87 are available in the two-volume set National Income and Product
Accounts of the United States', see inside back cover for order information. For 1988-93, the complete official
time series of NIPA estimates can be found as follows:
1988

1989

1991-93

July 1992 SURVEY

NIPA'S, vol. 2
Most tables
Tables 1.15, 1.16, and 7.15
Tables 3.15-3.20 and 9.1-9.6 . . .
Tables 7,1, 7.2, 7.3, and 8.1 .... Aug. 1994 SURVEY
Apr, 1993 SURVEY
Tables 7.4—7,12

1990

Aug. 1993 SURVEY
Sept. 1993 SURVEY

July 1994 SURVEY

Sept. 1992 SURVEY
Aug. 1994 SURVEY
Apr. 1993 SURVEY

Sept. 1994 SURVEY
Aug. 1994 SURVEY
July 1994 SURVEY

Aug. 1994 SURVEY
Aug. 1993 SURVEY

Summary NIPA series back to 1929 are in the September 1994 issue of the SURVEY. Errata to published NIPA tables
appear in the September 1992, April 1993, October 1993, March 1994, November 1994, and April 1995 issues. NIPA
tables are also available, most beginning with 1929, on diskettes. For more information on the presentation of
the estimates, see "A Look at How BEA Presents the NIPA'S" in the February 1995 SURVEY.
NOTE,—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.

!„ National Product and IncomeL
Table 1.1—Gross Domestic Product

Table 1.2.—Gross Domestic Product in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]
Seasonally adjusted at annual rates

Seasonally adjusted at annual rates

1993

1994

1994

I

II

1993

1995

III

IV

I

I

II

Gross domestic
product
6,343,3 6,738,4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,030.0
Personal consumption
expenditures
4,378,2 4,628.4 4,535.0 4,586.4 4,657.5 4,734.8 4,782.1 4,851.0
Durable goods
538.0 591.5 576.2 580.3 591.5 617.7 615.2 620.3
Nondurable goods
1,339.2 1,394.3 1,368.9 1,381.4 1,406.1 1,420.7 1,432.2 1,446.2
Services
2,501.0 2,642.7 2,589.9 2,624.7 2,659.9 2,696.4 2,734.8 2,784.5
Gross private domestic
882.0 1,032.9 966.6 1,034.4 1,055.1 1,075.6 1,107.8 1,094.1
investment
Fixed investment
866.7 980.7 942.5 967.0 992.5 1,020.8 i,053.3 1,056.9
Non residential
616.1
697.6 665.4 683.3 709.1 732.8 766.4 779.3
173.4 182.8 172.7 181.8
Structures
184.6 192.0 198.6 204.3
Producers' durable
equipment
442.7 514.8 492.7 501.5 524.5 540.7 567.8 575.0
250.6 283.0 277.1 283.6 283.4 288.0 286.8 277.6
Residential
Change in business
37.2
15.4
67.4
52.2
24.1
62.6
54.8
54.5
inventories
60.4
53.4
Nonfarm
47.4
54.1
20.1
45.9
22.3
37.9
Farm
-4.7
6.4
9.2
7.4
.4
-.7
7.0
1.8
Net exports of goods and
services
-65.3 -98.2 -86.7 -97.6 -109.6 -98.9 -1111 -124J
Exports
659.1 718.7 674.2 704.5 730.5 765.5 778.8 797.5
Imports
724.3 816.9 760.9 802.1 840.1 864.4 889.9 922.2
Government purchases . - 1,148.4 1,175.3 1,159.8 1,166.7 1,188.8 1,185.8 1,198.7 1,209.6
Federal
443.6 437.3 437.8 435.1 444.3 431.9 434.4 434.7
National defense ........... 302.7 292.3 291.7 291.7 300.5 285.3 283.7 286.7
140.9
143.8 146.6 150.6 148.1
Nondefense
145.0 146.1 143.5
State and local ... .,
704.7 738.0 722.0 731.5 744.5 753.8 764.3 774.8
DigitizedNOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
for FRASER


1994

1994

Gross domestic
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
Imoorts
Government purchases
Federal
National defense
Nondefense
State and local

II

1995

III

IV

I

II

5,134,5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,487.8
3,458,7 3,579.6 3,546.3 3,557.8 3,584.7 3,629.6 3,643.9 3,674.3
489.9 532.1 521.7 522.2 529.6 554.8 550.0 554.8
1,078.5 1,109.5 1,098.3 1,104.3 1,113.4 1,121.9 1,128.2 1,133.5
1,890.3 1,938.1 1,926.3 1,931.4 1,941.8 1,952.9 1,965.7 1,986.0
819.9

951.5

898.9

950.9

967.3

989.1 1,024.1 1,019.2

804.6
591.6
147.7

903.8
672.4
150.6

873.4
643.6
144.1

891.7
657.9
151.0

910.2
680.0
151.6

939.7
708.2
155.6

973.0
743.6
159.9

984.9
763.7
163.4

443.9
213.0

521.9
231.3

499.4
229.9

506.9
233.8

528.4
230.2

552.6
231.5

583.7
229.5

600.3
221.2

15.3
18.5
-3.2

47.8
40.7

25.4
22.1

59.2
51.7

57.1
47.4

49.4
41.7

51.1
49.1

34.3
33.2

739

7.1

3.3

7.5

9.7

7.7

2.0

1.1

111 8

1170

1071

1185

1267

619.6
723.6

643.9
755.6

666.5
783.5

697.9
805.0

706.2
824.6

717.6
844.3

922.8

919.9

917.1

932.0

922.2

920.5

921.0

337.6
226.7
110.9
585.2

341.7
228.5
113.2
578.3

334.7
226.1
108.7
582.4

343.5
233.0
110.5
588.5

330.4
219.1
111.3
591.8

327.2
214.9
112.3
593.3

324.8
215.0
109.8
596.2

1100

602.5
676.3

657.0
766.9

929.8
356.6
243.7
113.0
573.1

-104.0

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

6

•

SURVEY OF CURRENT BUSINESS

September 1995

Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars

Table 1.3.—Gross Domestic Product by Major Type of Product
[Billions of dollars]

[Billions of 1987 dollars]

S>easonally adjuste d at annual rates

Seasonally adjusted at annual rates
1993

1994

1994

I
Gross domestic
product

II

1995

III

IV

Gross domestic
product

6,327.9 6,686.2 6,550.6 6,622.5 6,729.1 6,842.4 6,922.9 6,992.8

Final sales of domestic
product
Change in business
inventories

15.4

Goods 1

52.2

24.1

67.4

62.6

54.8

37.2

54.5

2,405.8 2,584.7 2,513.2 2,561.2 2,606.2 2,658.1 2,692.6 2,687.2

Final sales
Change in business
inventories

.. 2,390.4 2,532.4 2,489.1 2,493.7 2,543.6 2,603.3 2,638.1 2,650.0

Durable goods
Final sales ,
Change in business
inventories

1,041.0 1,153.6 1,118.7 1,137.6 1,170.0 1,188.1 1,223.0 1,206.9
1,032.4 1,118.8 1,098.2 1,099.4 1,125.8 1,151.8 1,175.0 1,178.6

Nondurable goods
Final sales
Change in business
inventories ...

1,364.8 1,431.1 1,394.5 1,423.5 1,436.3 1,470.0 1,469.6 1,480.3
1,358.0 1,413.6 1,390.9 1,394.3 1,417,8 1,451.5 1,463.1 1,471.4

Services1

15.4

8.6

34.8

24.1

20.6

67.4

38.2

62.6

44.1

54.8

36.3

37.2

54.5

28.3

48.0

8.9
6.5
18.5
18.5
29.2
17.4
6.7
3.5
3,405.5 3,576.2 3,503.8 3,555.4 3,603.6 3,641.9 3,680.6 3,741.0

532.0

Structures

52.2

577.6

557.7

573.4

581.9

597.3

604.3

601.8

II

I

II

6,343,3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,030.0

Final sales of domestic
product
Change in business
inventories

19 94

1994

1993

I

IV

I

II

5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,487.8
5,119.3 5,296.2 5,235.7 5 254.9 5,310.0 5,384.4 5419.0 5,453.5
•15.3

Goods1

47.8

25.4

59.2

57.1

49.4

51.1

34.3

2,081.8 2,223.1 2,168.8 2,201.3 2,235.5 2,286.9 2,319.4 2,316.4
20665 21754 21433 21421 2 178.4 2,237 5 22683 2 282.1

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

15.3

.....

Nondurable goods
Final sales
Change in business
inventories
Services1
Structures

19 35
III

47.8

25.4

59.2

57.1

49.4

51.1

34.3

9860 1 0921 1 0614 1071 9 1 1025 1,1325 1 1706 1 167.9
977.7 1,060.9 1,041.7 1,038.2 1,063.2 1,100.6 1,127.2 1,141.4
8.3

31.2

19.7

33.7

39.3

32.0

43.4

26.5

1,095.8 1,131.0 1,107.4 1,129.4 1,133.0 1,154.4 1,148.7 1,148.6
1 088 8 1,114.4 1,1017 1,103.9 1,115.2 1,136.9 1,141.1 1,140.7
7.0

16.6

5.7

25.5

17.8

17.4

7.8

7.7

2,597.6 2,644.5 2,625.8 2,635.8 2,653.9 2,662.4 2,663.7 2,688.9
,

455.1

476.4

466.5

476.9

477.6

484.5

487.0

482.4

1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

i, Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers

Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars

[Billions of dollars]

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases1
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers2

[Billions of 1987 dollars]

6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,030.0
659.1

718.7

674.2

704.5

730.5

765.5

778.8

797.5

7243

8169

7609

8021

8401

8644

889.9

9222

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services

6,408.6 6,836.6 6,661.4 6,787.5 6,901.3 6,996.1 7,088.5 7,154.7

Equals: Gross domestic
purchases l

37.2

Less: Change in business
inventories

6,393.2 6,784.4 6,637.3 6,720.1 6,838.7 6,941.3 7,034.0 7,117.5

Equals: Final sales to
domestic purchasers2

15.4

52.2

24.1

67.4

62.6

54.8

54.5

5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,487.8
602.5

657.0

619.6

643.9

666.5

697.9

706.2

717.6

6763

7669 '•- 7236

755.6

783.5

805.0

824.6

844.3

5,208.4 5,454.0 5,365.1 5,425.8 5,484.0 5,540.9 5,588.6 5,614.5
15.3

47.8

25.4

59.2

57.1

49.4

34.3

51.1

5,193.1 5,406.2 5,339.7 5,366.6 5,426.9 5,491.5 5,537.5 5,580.2

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.7—Gross Domestic Product by Sector

Table 1.8.—Gross Domestic Product by Sector in Constant Dollars

[Billions of dollars]

[Billions of 1987 dollars]

Gross domestic
product
Business

6,343.3 6,738.4 6,574.7 6,689.9 6,791.7 6,897.2 6,977.4 7,030.0
5,371.4 5,723.2 5,575.7 5,677.9 5,771.8 5,867.2 5,933.8 5,976.5

52938 5 669.2 55247 56187 57107 58226 59045 5,959 3
Nonfarm
Nonfarm less housing .... 4,771.0 5,118.4 4,975.0 5,075.0 5,159.7 5,264.1 5,339.4 5,386.9
5227 5507 5496 5438 5510 5585 5651 5724
Housina
87.9
84.2
Farm
75.3
87.1
83.2
82.3
87.0
84.9
Statistical discrepancy
2.3 -30.9 -36.1 -24.0 -21.1 -42.4 -58.6 -67.0
Households and institutions
Private households
Nonprofit institutions

285.3

302.7

295.7

300.1

304.7

310.1

313.4

318.0

10.8

11.4

11.1

11.3

11.5

11.6

11.8

11.9

274.5

291.3

284.5

288.8

293.2

298.5

301.7

306.1

Gross domestic
product
Business

5,134.5 5,344.0 5,261.1 5,314.1 5,367.0 5,433.8 5,470.1 5,487.8
4,409.4 4,613.4 4,532.6 4,583.6 4,635.4 4,702.1 4,737.7 4,754.6

Nonfarm ..
...
43364 45561 44861 4521 3 45679 46492 46987 47261
Nonfarm less housing .... 3,925.5 4,137.4 4,070.6 4,103.5 4,148.1 4,227.3 4,274.8 4,300.2
Housing
4109
4188
4178
4198
4219
4239 4259
4155
Farm
82.2
84.4
71.0
75.9
81.6
86.9
85.8
81.8
Statistical discrepancy
1.9 -24.9 -29.3 -19.3 -17.0 -34.0 -46.8 -53.3
Households and institutions
Private households
Nonprofit institutions

215.6

223.0

220.1

222.5

223.8

225.6

226.5

227.7

90
206.5

92
213.7

91
211.0

92
213.3

93
214.5

93
216.2

94
217.1

95
218.3

General government

686.6

712.6

703.3

711.8

715.2

719.9

730.2

735.4

General government

509.6

507.6

508.4

508.0

507.9

506.1

505.8

505.5

Federal
State and local

203.6
483.0

206.2
506.4

206.3

208.4
5034

2054
5098

2047
51 5 2

208.3
521 9

2083
5272

Federal
State and local

146.0
363.6

138.8
368.8

141.9
366.5

139.9
368.1

137.9
369.9

135.5
370.6

134.3
371.5

133.6
371.8

Addendum:
Gross domestic business
product less housing ...... 4,844.0




4971

Addendum:
Gross domestic business
product less housing

3,994.9

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