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40 • August 1998 SURVEY OF CURRENT BUSINESS 1. National Product and Income. Table 1.1.—Gross Domestic Product [Billions of dollars] Seasonally adjusted at annual rates Line 1994 1995 1996 1997 1994 IV I II 1997 1996 1995 IV III I II III I IV II 1998 III IV I II 1 6,947.0 7,269.6 7,661.6 8,110.9 7,095.7 7,170.8 7,210.9 7,304.8 7,391.9 7,495.3 2 4,717.0 4,953.9 5,215.7 5,493.7 3 4 5 668.9 673.0 599.3 598.4 681.2 611.0 606.0 616.9 622.8 632.3 647.3 642.5 651.1 659.9 682.2 579.5 643.3 705.1 718.2 1,428.4 1,473.6 1,539.2 1,600.6 1,453.7 1,459.6 1,470.7 1,476.8 1,487.5 1,506.8 1,537.9 1,543.6 1,568.3 1,589.7 1,588.2 1,611.3 1,613.2 1,633.1 1,657.7 2,767.2 2,892.7 3,013.7 3,143.9 3,190.7 2,869.2 3,033.2 3,220.1 2,804.5 2,854.7 2,969.0 3,093.9 3,247.9 2,925.0 3,056.3 3,297.8 3,338.2 2,709.1 3,395.2 Gross private domestic investment 6 1,007.9 Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories 7 8 12 946.6 660.6 184.5 476.1 286.0 61.2 13 -90.9 -53.9 -91.2 -93.4 -95.6 -94.7 -108.0 -74.5 -58.4 14 15 16 17 18 19 721.2 509.6 2116 812.1 676.8 135.3 819.4 583.8 235.6 903.3 757.6 145.7 965.4 873.8 688.3 618.3 277.1 255.5 965.0 1,058.8 888.3 809.0 170.4 156.0 763.7 544.6 219.0 859.2 721.7 137.5 787.8 563.1 224.7 882.5 740.3 142.2 803.4 574.2 229.3 911.4 766.1 145.3 835.1 593.3 241.7 909.6 762.5 147.1 851.5 604.8 246.7 909.9 761.6 148.2 20 1,313.0 1,356.4 1,405.2 1,454.6 1,328.0 1,344.1 1,357.8 1,362.3 21 5102 349.2 161.0 802.8 509.1 344.4 164.7 847.3 518.4 351.0 167.4 886.8 520.2 346.0 174.3 934.4 508.3 343.6 164.7 819.6 512.3 346.1 166.2 831.8 511.7 348.1 163.6 846.2 511.2 345.5 165.7 851.1 Gross domestic product Personal consumption expenditures DurablG goods Nondurable goods Services 9 10 11 Net exports of goods and services Exports Goods Services Imports Goods Services . . . . . . Government consumption expenditures and gross investment. Federal National defense . Nondefense State and local 22 23 24 1,043.2 1,131.9 1,256.0 1,012.5 1,099.8 1,188.6 860.7 727.7 787.9 240.2 201.3 216.9 526.4 620.5 571.0 284.8 327.9 311.8 67.4 30.7 32.1 7,629.2 7,703.4 7,818.4 7,955.0 8,063.4 8,170.8 8,254.5 8,384.2 8,431.7 4,820.2 4,862.5 4,931.5 4,986.4 5,035.3 5,108.2 5,199.0 5,242.5 5,313.2 5,402.4 5,438.8 5,540.3 5,593.2 5,676.5 5,771.0 1,075.3 1,118.3 1,167.9 1,166.0 1,206.4 977.0 1,000.0 1,004.3 1,013.5 1,032.1 1,059.1 687.5 713.6 728.1 729.5 739.5 759.0 190.7 197.9 203.0 202.2 201.8 206.5 496.8 515.6 537.2 526.3 526.5 552.6 289.5 286.4 276.2 284.0 292.6 300.1 66.2 59.0 25.3 17.1 16.3 21.5 1,089.7 774.8 211.3 563.5 315.0 28.5 1,118.1 801.1 218.0 583.1 317.0 49.8 1,132.2 816.8 232.1 584.8 315.3 33.8 1,146.7 1,176.4 1,211.1 1,220.1 1,271.1 1,300.3 827.1 850.5 882.3 882.8 938.7 921.3 236.2 234.3 246.4 243.8 243.7 245.0 591.0 616.2 636.4 638.5 676.3 6951 319.5 325.9 328.8 337.4 349.8 361.6 59.7 83.5 54.6 71.9 95.5 46.3 -75.7 -84.0 -115.5 -79.6 856.6 609.9 246.7 932.3 780.2 152.1 863.0 609.5 253.4 957.0 802.7 154.2 861.4 612.6 248.9 976.9 818.3 158.6 1,361.4 1,387.5 1,406.0 1,408.6 1,418.8 1,439.4 1,451.5 1,459.5 1,468.1 1,464.9 1,480.7 501.2 337.9 163.3 860.2 517.1 350.3 166.8 870.4 523.1 355.6 167.4 882.9 519.0 351.3 167.7 889.6 514.6 346.7 167.9 904.2 517.0 341.1 175.9 922.4 522.9 349.1 173.8 928.6 521.0 347.1 173.9 938.5 520.1 346.5 173.6 947.9 5116 331.6 180.0 953.3 520 3 339.2 181.1 960.4 1,043.1 1,058.9 1,029.6 1,030.6 1,053.6 -93.3 1,259.9 1,265.7 -86.8 -94.7 1,292.0 -98.8 1,366.6 -123.7 1,346.6 -166.7 930.2 914.2 961.1 981.7 988.6 973.3 948 6 641.2 661.4 700.2 682.9 708.9 694.5 666.8 278.2 273.0 268.8 279.7 281.5 278.8 281 9 993.8 1,023.5 1,047.9 1,076.4 1,087.4 1,097.1 1,115.3 834.8 859.1 879.2 902.7 912.4 937.4 920.9 164.4 168.7 159.0 173.6 174.9 176.2 177.9 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 1.2.—Real Gross Domestic Product [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Line 1994 1995 1996 1997 1995 1994 1997 IV Gross domestic product Personal consumption expenditures . Durable goods Nondurable goods Services IV 1998 I 6,610.7 6,761.7 6,994.8 7,269.8 6,688.6 6,717.5 6,724.2 6,779.5 6,825.8 6,882.0 6,983.9 7,020.0 7,093.1 7,166.7 7,236.5 7,311.2 7,364.6 7,464.7 7,491.0 4,486.0 4,605.6 4,752.4 4,913.5 4,534.1 4,555.3 4,593.6 4,623.4 4,650.0 4,692.1 4,746.6 4,768.3 4,802.6 4,853.4 4,872.7 4,947.0 4,981.0 5,055.1 5,126.5 602.4 575.2 653.8 656.3 626.5 629.5 583.5 576.6 679.6 637.5 611.0 595.3 668.6 727.4 710.3 684.8 626.1 589.1 561.2 1,389.9 1,417.6 1,450.9 1,486.3 1,402.5 1,410.4 1,415.9 1,418.5 1,425.6 1,433.5 1,450.4 1,454.7 1,465.1 1,477.9 1,477.1 1,495.7 1,494.3 1,521.2 1,543.1 2,535.5 2,599.6 2,676.7 2,761.5 2,555.9 2,570.4 2,594.8 2,610.3 2,622.9 2,648.5 2,668.4 2,688.1 2,701.7 2,722.1 2,743.6 2,775.4 2,804.8 2,829.3 2,862.9 Gross private domestic investment 975.7 996.1 1,084.1 1,206.4 1,003.0 1,013.5 982.0 983.4 1,005.4 Fixed investment Nonresidential Structures .. Producers' durable equipment Residential Change in business inventories 915.5 648.4 172.5 476.8 267.0 60.6 966.0 1,050.6 1,138.0 776.6 710.6 859.4 189.7 180.7 203.2 589.8 531.7 660.9 275.9 256.8 282.8 30.0 27.7 63.2 938.5 672.9 175.0 499.1 265.9 63.6 957.1 698.4 179.5 520.4 259.9 54.3 957.8 710.2 181.7 529.9 249.5 21.7 965.8 711.7 181.5 531.8 255.6 14.7 983.1 1,011.4 744.8 722.3 182.6 179.8 565.0 544.8 268.0 262.1 14.4 20.1 1,043.5 1,067.1 1,080.4 1,096.0 1,127.0 1,159.3 1,169.5 1,224.9 1,260.0 807.0 790.1 764.4 848.2 820.9 931.9 882.2 886.2 957.5 200.6 189.9 185.9 203.1 199.3 202.5 205.2 205.7 200.8 738.8 608.8 604.0 581.6 653.8 621.0 682.6 686.4 769.7 298.5 276.3 279.0 280.2 282.5 278.4 282.3 287.9 307.9 91.4 32.1 47.5 26.1 79.0 56.3 51.0 66.5 44.7 Net exports of goods and services -104.6 -96.5 -111.2 -136.1 -105.9 -109.5 -114.7 -86.8 -74.8 -95.5 -113.5 712.4 509.8 202.9 817.0 684.1 133.2 792.6 573.7 219.5 889.0 749.7 139.7 629.4 231.8 971.2 824.7 147.3 970.0 726.5 247.0 1,106.1 945.7 161.8 747.3 540.4 207.5 853.2 720.4 133.2 763.9 552.4 212.1 873.4 734.2 139.6 774.0 561.0 213.6 888.7 750.8 138.4 806.3 582.4 224.4 893.1 754.1 139.5 826.1 598.9 227.9 900.9 759.9 141.3 833.6 608.9 225.6 929.1 785.0 144.5 845.5 615.0 231.2 958.9 813.5 146.0 1,252.3 1,254.5 1,268.2 1,285.0 1,255.8 1,256.2 1,259.9 1,257.6 486.6 336.9 149.5 765.7 470.6 323.5 146.9 783.9 465.6 319.1 146.2 802.7 458.0 308.9 148.6 827.1 481.7 329.6 151.7 774.1 478.6 328.3 150.0 777.6 476.2 328.4 147.6 783.7 473.1 323.9 148.8 784.5 454.6 313.3 141.1 790.0 463.5 318.7 144.5 791.0 472.6 325.0 147.3 803.6 467.0 319.8 146.8 804.2 459.5 313.0 146.1 811.8 456.3 305.0 150.7 821.5 460.4 311.7 148.2 824.2 458.9 310.2 148.2 830.1 -.3 .4 -1.5 -7.3 .8 2.1 1.4 -1.9 -.2 -.8 -1.4 -4.2 -5.0 -6.7 -8.9 Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment. Federal National defense . Nondefense State and local Residual NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Percent changes 1,029.3 1,072.8 1,118.1 -140.1 1,116.1 -95.9 1,156.6 -121.5 1,211.3 -131.6 1,215.8 -142.4 1,241.9 -149.0 1,321.8 -198.5 1,309.1 -252.9 929.4 963.6 911.1 849.9 988.1 991.9 998.8 971.3 691.4 719.1 667.4 626.4 740.6 754.9 748.5 724.3 240.7 247.5 244.9 225.3 251.1 248.6 247.8 249.8 990.0 1,007.0 1,050.9 1,095.2 1,130.5 1,147.8 1,190.4 1,224.2 896.8 937.4 841.3 966.7 981.8 1,021.0 1,055.3 859.0 155.3 159.2 149.5 165.2 167.5 149.0 171.3 171.6 1,244.5 1,254.5 1,276.2 1,271.1 1,271.2 1,277.7 1,284.4 1,288.9 1,289.2 1,283.0 1,294.8 456.5 308.7 147.3 832.9 446.1 293.3 151.9 837.1 453.8 300.0 153.0 841.2 -14.2 -6.9 from preceding period for selected items in this table are shown in table 8.1; contributions to the percent change in real gross domestic product are shown in table 8.2. Chain-type quantity indexes for the series in this table appear in table 7.1.
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