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SURVEY OF CURRENT BUSINESS

December 1992

NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Third quarter 1992, final.
The selected set of national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Alternative
quantity and price measures are not yet available; leaders are shown for these parts.
The tables shown 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. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230,
or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
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
1990

1991

1991

II

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
Imports
Government purchases
Federal
National defense
Nondefense
State and local

1992

IV

III

I

1990

3,748.4 3,887.7 3,871.9 3,914.2 3,942.9 4,022.8 4,057.1 4,108.7
464.3 446.1 441.4 453.0 450.4 469.4 470.6 482.5
1,224.5 1,251.5 1,254.2 1,255.3 1,251.4 1,274.1 1,277.5 1,292.8
2,059.7 2,190.1 2,176.3 2,205.9 2,241.1 2,279.3 2,309.0 2,333.3
799.5

721.1

710.2

732.8

736.1

722.4

773.2

781.6

793.2
577.6
201.1

731.3
541.1
180.1

732.0
545.8
185.2

732.6
538.4
175.6

726.9
528.7
169.7

738.2
531.0
170.1

765.1
550.3
170.3

766.6
549.6
166.1

376.5
215.6

360.9
190.3

360.6
186.2

362.8
194.2

358.9
198.2

360.8
207.2

380.0
214.8

383.5
217.0

-10.2
-10.3
0

-21.8
-27.0
5.2

-1.2

-68.9

21.8

-15.3

-27.1

16.0

557.0
625.9

598.2
620.0

594.3
609.6

602.3
629.5

622.9
638.9

.2
1.4

9.2
14.5
-5.3

-15.8
-13.3

8.1
6.4
1.7

15.0

-8.1

-37.1

-36.0

628.1
636.2

625.4
662.5

639.0
675.0

-2.4

447.3
323.8
123.6
643.2

449.9
325.9
124.0
640.8

447.2
321.9
125.3
646.0

440.8
314.7
126.1
649.5

445.0
313.6
131.4
658.0

444.8
311.7
133.1
664.3

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




9.7
5.3

1,043.2 1,090.5 1,090.8 1,093.3 1,090.3 1,103.1 1,109.1 1,124.2
426.4
314.0
112.4
616.8

II

III

II

55222 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,978.5

6.3
3.3
3.1

1991

1991

455.2
319.6
135.7
669.0

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
Imports
Government purchases
Federal
National defense
Nondefense
State and local

1992

IV

III

I

III

II

4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,933.7
3,260.4 3,240.8 3,239.3 3,251.2 3,249.0 3,289.3 3,288.5 3,318.4
419.4 416.1
432.3 430.0 439.8
439.3 414.7 411.3
1,056.5 1,042.4 1,046.3 1,044.8 1,035.6 1,049.6 1,045.6 1,052.0
1,764.6 1,783.7 1,781.8 1,787.0 1,797.4 1,807.3 1,812.9 1,826.6
739.1

661.1

649.5

672.0

676.9

668.9

713.6

724.9

732.9
538.1
179.1

670.4
500.2
157.6

669.8
503.0
162.2

671.4
498.7
153.0

669.3
492.1
148.4

681.4
495.8
149.4

705.9
514.7
149.1

710.0
518.7
144.7

359.0
194.8

342.6
170.2

340.8
166.9

345.8
172.6

343.7
177.3

346.4
185.6

365.6
191.2

374.0
191.3

-9.3
-9.6

-1.0

.3

-20.4
-24.5
4.1

1.6

11.8
-4.2

-51.8

-21.8

-17.4

-31.6

-20.5

-21.5

-43.9

-52.7

510.0
561.8

539.4
561.2

536.1
553.5

544.2
575.8

561.4
581.8

565.4
586.8

563.4
607.3

575.9
628.6

929.9

941.0

945.6

940.2

933.1

937.0

934.2

943.0

383.6
283.3
100.3
546.3

388.3
282.8
105.5
552.7

393.8
287.6
106.2
551.8

387.2
280.6
106.6
553.0

378.2
271.0
107.2
554.9

375.3
265.6
109.7
561.8

372.7
262.1
110.6
561.5

379.5
267.4
112.1
563.5

6.2
3.7
2.5

.6

7.5

-12.6
-10.7
-1.9

7.8
6.0
1.8

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

15.0

9.6
5.3

SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product

December 1992 • 5

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

[Billions of dollars]

[Billions of 1987 dollars]

Seasonally adjusted at annual rates

1991

1991

1990

II
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods l
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services 1
Structures

Seasonally adjusted at annual rates

1992

IV

III

I

II

5,515.9 5,687.7 5,679.4 5,712.9 5,744.2 5,855.9 5,894.1 5,963.5
6.3

-10.2

-21.8

.2

9.2

-15.8

8.1

15.0

2,166.4 2,182.5 2,179.1 2,195.1 2,197.6 2,217.8 2,241.3 2,273.4
2,160.0 2,192.7 2,200.9 2,194.9 2,188.4 2,233.6 2,233.2 2,258.4
6.3

919.7
920.6
-.9

-10.2

-21.8

.2

9.2

888.4
907.6

890.2
916.8

903.8
910.8

897.6
905.7

904.3
923.6

-19.2

-26.5

-7.0

-8.1

-19.3

-15.8

8.1

15.0

941.8
932.3

946.5
943.8

9.5

2.7

1,246.7 1,294.1 1,288.9 1,291.3 1,300.0 1,313.5 1,299.5 1,326.9
1,239.5 1,285.1 1,284.1 1,284.1 1,282.7 1,310.0 1,300.8 1,314.6
7.2

9.0

4.8

7.2

17.3

3.5

1.4

12.3

2,846.4 3,030.2 3,013.8 3,053.6 3,090.3 3,142.2 3,173.4 3,217.8
509.4

464.7

464.7

464.4

465.5

480.1

II

III

5,522.2 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,978.5

487.6

487.3

1991

1991

1990

Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services1
Structures

1992

IV

III

I

II

III

4,873.7 4,892.4 4,933.7

4,877.5 4,821.0 4,817.1 4,831.8

4,871.3 4,830.3 4,837.4 4,831.2 4,830.9 4,886.3 4,884.6 4,918.7
6.2

-9.3

-20.4

.6

7.5

-12.6

7.8

15.0

1,956.8 1,911.2 1,907.6 1,918.3 1,915.7 1,924.0 1,936.7 1,966.2
1,950.7 1,920.5 1,928.0 1,917.7 1,908.2 1,936.6 1,929.0 1,951.3
6.2

880.3
881.0
-.7

-9.3

-20.4

.6

7.5

834.1
851.6

836.3
860.2

845.3
851.7

839.4
846.8

-17.5

-24.0

-6.4

-7.4

-12.6
842.4
859.6
-17.3

7.8

15.0

874.2
865.7

883.6
880.2

8.6

3.3

1,076.6 1,077.1 1,071.4 1,073.0 1,076.3 1,081.7 1,062.5 1,082.7
1,069.7 1,069.0 1,067.8 1 0660 1 061.3 1,077.0 1,063.3 1,071.1
6.9

8.2

7.0

3.6

15.0

4.7

-.8

11.6

2,463.0 2,497.6 2,497.3 2,503.7 2,509.0 2,520.1 2,522.4 2,537.5
457.7

412.2

412.1

409.8

413.7

429.5

433.3

429.9

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.

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.

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 .. 55222
Less: Exports of goods and
services
557.0
Plus: Imports of goods and
services
625.9
Equals: Gross domestic
l
5,591.1
purchases
Less: Change in business
inventories
63
Equals: Final sales to 2
domestic purchasers
5,584.8

[Billions of 1987 dollars]

5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,978.5
598.2

594.3

602.3

622.9

628.1

625.4

639.0

620.0

609.6

629.5

638.9

636.2

662.5

675.0

5,699.3 5,672.9 5,740.3 5,769.3 5,848.3 5,939.4 6,014.5
-102

21 8

2

92

-158

81

150

5,709.5 5,694.7 5,740.1 5,760.1 5,864.1 5,931.3 5,999.5

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.

Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases ]
Less: Change in business
inventories
Equals: Final sales to 2
domestic purchasers

4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,933.7
5100

5394

5361

5442

561 4

5654

5634

5759

561.8

561.2

553.5

575.8

581.8

586.8

607.3

628.6

4,929.3 4,842.8 4,834.4 4,863.4 4,858.9 4,895.2 4,936.3 4,986.4

6.2

-9.3

.6

-20.4

7.5

-12.6

7.8

15.0

4,923.1 4,852.1 4,854.8 4,862.8 4,851.4 4,907.7 4,928.5 4,971.4

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
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households .
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing




55222 5,677.5 5,657.6 5,713.1 5,753.3 5,840.2 5,902.2 5,978.5
4,702.8 4,803.8 4,786.7 4,835.2 4,867.2 4,937.4 4,988.6 5,057.5
4,612.4 4,702.8 4,677.1 4,725.5 4,772.9 4,826.9 4,877.6 4,940.0
4,162.8 4,229.8 4,207.3 4,251.4 4,289.5 4,341.1 4,386.9 4,413.2
449.6 473.0 469.8 474.1 483.4 485.8 490.7 526.8

850

792

779

30.5

16.4

81.6
29.0

80.1
30.9

82.5
35.1

244.1

249.3

253.5

258.3

261.5

264.8

92
234.8

92
240.0

93
244.2

94
248.9

9.6
251.9

9.7
255.1

627.6

626.8

628.7

632.7

644.4

652.2

656.2

1920

1924

434.5

191 1
441.6

1982

435.6

191 3
437.4

198.7
453.5

199.0
457.2

791

5.4

21.9

82.5
27.1

227.8

246.1

94
218.4

92
236.9

591.6
1803

411.4

4,248 7 4,326.3

446.2

Gross domestic
product
Business
Nonfarm
Nonfarm less housing ....
Housing
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing

4,877.5 4,821.0 4,817.1 4,831.8 4,838.5 4,873.7 4,892.4 4,933.7
4,170.1 4,103.9 4,098.3 4,116.1 4,123.1 4,156,8 4,174.4 4,212.5
4,094.7 4,015.8 4,007.1 4,021.6 4,036.3 4,058.8 4,076.1 4,109.2
3,704.3 3,621.0 3,612.6 3,626.1 3,640.3 3,661.1 3,677.0 3,709.1
400.1
390.4 394.9 394.5 395.5 396.0 397.6 399.1
69.4
18.7

68.0
23.2

68.5
26.0

72.8
13.9

73.6
24.4

72.5
25.9

74.0
29.2

197.7

202.4

201.9

203.1

204.8

206.7

206.7

208.8

8.8
188.8

8.2
194.2

8.3
193.5

8.3
194.9

8.2
196.6

8.3
198.4

8.4
198.3

8.4
200.5

509.8

514.7

516.9

512.6

510.6

510.3

511.3

512.3

156.3
3535

157.1
3575

158.6
3583

155.5

153.4
357.3

152.5
357.7

151.8
359.5

151.1
361.2

70.5

4.9

37758 37052

3571

SURVEY OF CURRENT BUSINESS

December 1992 • 2J

Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable Nondurable
goods goods

Services

Net exports

Gross private domestic investment

Total

Non-

residential

Residential

CBI

1929

103.1

77.5

9.2

37.7

30.5

16.7

1930
1931
1932
1933
1934

90.4
75.8
58.0
55.6
65.1

70.2
60.7
48.7
45.9
51.4

7.2
5.5
3.6
3.5
4.2

34.0
29.0
22.7
22.3
26.7

29.0
26.2
22.3
20.2
20.5

10.6

1935
1936
1937
1938
1939

72.3
82.7
90.8
84.9
90.8

55.9
62.2
66.8
64.2
67.2

5.1
6.3
6.9
5.7
6.7

29.3
32.9
35.2
34.0
35.1

21.5
23.0
24.7
24.6
25.4

1940
1941
1942
1943
1944

100.0
125.0
158.5
192.4
211.0

71.2
81.0
88.9
99.7

37.0
42.9
50.8
58.6
64.3

26.4
28.5
31.3
34.6
37.4

13.6
18.2
10.5

108.5

7.8
9.7
6.9
6.5
6.7

1945
1946
1947
1948
1949

213.1
211.9
234.3
260.3
259.3

119.9
144.3
162.3
175.4
178.9

8.0
15.8
20.4
22.9
25.0

71.9
82.7
90.9
96.6
94.9

40.0
45.8
51.0
56.0
59.0

10.9
31.3
35.0
48.1
36.7

10.6
17.3
23.5
26.8
24.9

12.1
15.6
14.6

1950
1951
1952
1953
1954

287.0
331.6
349.7
370.0
370.9

192.7
208.7
219.7
233.5
240.7

30.8
29.9
29.3
32.7
32.1

98.2

109.2
114.7
117.8
119.7

63.7
69.7
75.7
83.0
89.0

54.2
60.3
54.0
56.3
53.8

27.8
31.8
31.9
35.1
34.7

20.5
18.4
18.6
19.4
21.1

1955
1956
1957
1958
1959

404.3
426.2
448.6
454.7
494.2

259.1
271.9
286.7
296.3
318.1

38.9
38.2
39.7
37.2
42.8

124.7
130.8
137.1
141.7
148.5

95.5

103.0
109.9
117.4
126.8

69.0
72.2
70.6
64.5
78.8

39.0
44.5
47.5
42.5
46.5

25.0
23.6
22.2
22.3
28.1

4.9
4.1
.9
-.4
4.2

1960
1961
1962
1963
1964

513.4
531.8
571.6
603.1
648.0

332.4
343.5
364.4
384.2
412.5

43.5
41.9
47.0
51.8
56.8

153.1
157.4
163.8
169.4
179.7

135.9
144.1
153.6
163.1
175.9

78.7
77.9
87.9
93.4

101.7

49.2
48.6
52.8
55.6
62.4

26.3
26.4
29.0
32.1
34.3

3.2
2.9
6.1
5.7
5.0

1965
1966
1967
1968
1969

702.7
769.8
814.3
889.3
959.5

444.6
481.6
509.3
559.1
603.7

63.5
68.5
70.6
81.0
86.2

191.9
208.5
216.9
235.0
252.2

189.2
204.6
221.7
243.1
265.3

118.0
130.4
128.0
139.9
155.2

74.1
84.4
85.2
92.1

9.7

102.9

34.2
32.3
32.4
38.7
42.6

1970
1971
1972
1973
1974

1,010.7
1,097.2
1,207.0
1,349.6
1,458.6

646.5
700.3
767.8
848.1
927.7

85.3
97.2

110.7
, 124.1
123.0

270.4
283.3
305.2
339.6
380.8

290.8
319.8
351.9
384.5
423.9

150.3
175.5
205.6
243.1
245.8

106.7
111.7
126.1
150.0
165.6

41.4
55.8
69.7
75.3
66.0

1975
1976
1977
1978
1979

1,585.9
1,768.4
1,974.1
2,232.7
2,488.6

1,024.9
1,143.1
1,271.5
1,421.2
1,583.7

134.3
160.0
182.6
202.3
214.2

416.0
451.8
490.4
541.5
613.3

474.5
531.2
598.4
677.4
756.2

226.0
286.4
358.3
434.0
480.2

169.0
187.2
223.2
274.5
326.4

62.7
82.5

110.3
131.6
141.0

1980
1981
1982
1983
1984

2,708.0*
3,030.6
3,149.6
3,405.0
3,777.2

1,748.1
1,926.2
2,059.2
2,257.5
2,460.3

212.5
228.5
236.5
275.0
317.9

682.9
744.2
772.3
817.8
873.0

852.7
953.5
1,050.4
1,164.7
1,269.4

467.6
558.0
503.4
546.7
718.9

353.8
410.0
413.7
400.2
468.9

123.3
122.5
105.7
152.0
178.9

1985
1986
1987
1988
1989

4,038.7 2,667.4
4,268.6 2,850.6
4,539.9 3,052.2
4,900.4 3,296.1
5,250.8 3,523.1

352.9
389.6
403.7
437.1
459.4

919.4
952.2
1,011.1
1,073.8
1,149.5

1,395.1
1,508.8
1,637.4
1,785.2
1,914.2

714.5
717.6
749.3
793.6
832.3

504.0
492.4
497.8
545.4
568.1

185.9
216.6
225.2
232.0
230.9

1990
1991

5,522.2
5,677.5

464.3
446.1

1,224.5 2,059.7
1,251.5 2,190.1

799.5
721.1

577.6
541.1

3,748.4
3,887.7

5.9
1.1
1.7
3.7
6.7
8.7
12.2

7.1
9.3

6.1
7.8

Total

Federal

State
and
local

Percent change from preceding
period

GDP

Final
Gross
sales of domesdomes- tic purtic
product chases

GNP

4.0

1.7

.4

5.9

5.6

8.6

1.5

7.1

101.4

102.7

103.9

2.4
1.8
.8
.6
.9

-.4

4.4
2.9
2.0
2.0
2.6

4.1
2.9
1.9
1.9
2.2

9.2
9.2
8.1
7.9
9.7

1.6
1.7
1.6
2.1
3.0

7.6
7.5
6.4
5.9
6.6

90.7
76.9
60.4
57.1
65.7

90.0
75.7
57.9
55.5
64.8

91.1
76.3
58.3
55.9
65.4

-12.4
-16.2
-23.5

-10.5
-15.2
-21.4

-12.4
-15.9
-23.5

-12.3
-16.3
-23.5

-.6

.3
0
0
.1
.3

-4.1
17.1

-5.6
15.1

-4.1
16.7

-4.2
17.0

4.3
5.8
7.5
5.5
6.1

1.3
1.7
2.1
2.1
3.0

1.1
1.2
2.7
-.6
.2

-.2
-.2
0
.9
.8

2.8
3.0
4.0
3.8
3.9

3.0
3.2
4.0
2.8
3.1

10.0
12.1
11.7
12.7
13.5

3.0
5.2
4.7
5.2
5.5

6.9
6.9
7.1
7.4
8.1

71.2
81.5
88.1
85.5
90.6

72.5
82.9
90.8
83.9
90.0

72.7
83.0
91.2
85.3
91.3

11.1
14.4

12.0
14.3

1.1.1

14.5

7.7
9.7
6.3
5.4
7.4

3.5
4.1
2.2
1.4
1.4

2.4
4.4
1.9
-.8
-.9

1.4
1.0
-.3

4.8
5.4
4.3
3.9
4.8

3.4
4.4
4.6
6.3
6.9

13.8
24.8
59.5
88.9
96.9

6.0

97.7

98.7

17.1
52.0
81.7
89.5

7.8
7.7
7.6
7.3
7.4

120.6
156.6
193.2
211.9

124.1
158.9
194.7
213.2

100.4
125.5
159.0
192.8
211.5

6.7

7.5
7.0
7.9

83.3
29.2
26.2
31.4
38.5

75.4
19.6
13.8
16.5
21.0

12.4
14.8
17.5

214.6
205.7
234.8
254.7
262.1

214.0
204.8
223.5
254.9
254.1

213.5
212.6
235.5
261.8
260.7

1.7
7.8

-1.1
-2.5
-1.5

-1.4

6.2
-.5
5.6

-2.4
-2.2

-.9
7.1

7.9
9.6

5.4
5.2

14.1
18.7
15.5
14.4

.7
2.4
1.0
-.8
.3

12.3
17.0
16.3
15.2
15.7

11.6
14.6
15.3
16.0
15.4

39.5
60.2
74.9
81.0
76.0

20.2
39.0
52.4
56.8
49.0

19.3
21.3
22.6
24!2
27.0

281.1
321.6
346.2
368.2
372,8

286.4
329:2
348.6
370.8
370.6

288.5
333.6
351.8
372.0
373.1

.4
2.3
4.0
.4

17.6
21.2
23.9
20.4
20.6

17.2
18.9
19.9
20.0
22.3

75.8
79.8
87.4
93.5
99.0

46.2
47.5
51.6
54.0
57.1

29.6
32.3
35.8
39.5
41.8

399.3
422.1
447.7
455.1
490.0

403.9
424.0
444.6
454.3
495.8

2.4
3.4
2.4
3.3
5.5

25.3
26.0
27.4
29.4
33.6

22.8
22.7
25.0
26.1
28.1

99.8

107.0
116.8
122.3
128.3

55.3
58.6
65.4
66.4
67.5

44.5
48.4
51.4
55.8
60.9

510.1
528.9
565.5
597.5
643.0

3.9
1.9
1.4

35.4
38.9
41.4
45.3
49.3

31.5
37.1
39.9
46.6
50.5

136.3
155.9
175.6
19t.5
201.8

69.5
81.3
92.8
99.2

66.8
74.6
82.7
92.3

100.5

57.0
59.3
66.2
91.8

55.8
62.3
74.2
91.2

-3.1

124.3

127.5

212.7
224.3
241.5
257.7
288.3

100.1
100.0
106.9
108.5
117.6

13.6
-2.3

-23.7
-26.1
-23.8

136.3
148.9
158.8
186.1
228.9

122.7
151.1
182.4
212.3
252.7

321.4
341.3
368.0
403.6
448.5

-14.7
-14.7
-20.6
-51.4
-102.7

279.2
303.0
282.6
276.7
302.4

293.9
317.7
303.2
328.1
405.1

-115.6
-132.5
-143.1
-108.0
-79.7

302.1
319.2
364.0
444.2
508.0

215.6 ;
6.3
-10.2
190.3

-68.9
-21.8

557.0
598.2

5.7
8.6
5.9
4.5

6.5
7.3
8.4
6.3

199.7
207.7
217.9
222.2

134.9
140.1
148.9
153.2

12.6
14.7
17.1
18.7

78.9
80.6
85.1
86.3

43.5
44.9
46.7
48.2

25.1
32.2
33.3
34.6

13.6
16.1
18.7
20.9

1947: 1
II
Ill
IV

226.7
230.6
234.9
245.0

156.6
160.5
164.1
168.2

19.4
20.0
20.3
22.0

87.7
90.1
92.1
93.6

49.4
50.5
51.7
52.6

33.6
32.4
32.9
41.2

22.8
23.2
23.3
24.5

10.4
10.4
12.3
15.1

1948: 1
II
Ill
IV

251.1
258.3
265.3
266.6

170.9
174.7
177.6
178.5

22.0
22.4
23.7
23.3

95.1
97.0
97.0
97.3

53.9
55.3
56.9
57.9

44.9
48.0
50.4
49.0

26.2
26.0
27.0
28.1

15.2 ;
16.3
16.1
15.0

1949: I
II
III
IV

261.6
258.1
259.9
257.7

177.4
179.0
178.3
180.8

22.8
24.8
25.8
26.8

96.3
95.3
93.5
94.3

58.3
58.9
59.0
59.8

40.9
33.9
37.2
35.0

26.6
25.5
24.1
23.5

14.0
13.7
14.5
16.3

1950: 1
II
Ill
IV

268.3
277.9
295.3
306.7

183.6
187.5
201.2
198.6

27.7
28.1
35.6
31.5

94.8
96.3

100.9
100.9

61.1
63.0
64.7

662

44.4
49.9
56.2
66.3

24.2
26.6
29.6
30.6

18.1
20.4
22.3
21.3

1951:1

321.6
329.1
335.8
340.0

209.7
205.3
207.9
211.9

33.8
28.9
28.3
28.4

107.8
107.4
109.4
112.0

68.0
69.0
70.2 .
71.4

62.1
65.0
59.5
54.6

30.9
31.8
32.5
32.2

20.8
18.2
17.2
17.5




Imports

Final
Gross
sales of domes- Gross
domes- tic pur- national
product
tic
chases
product

8.6
5.3
2.9
2.5
3.3

11.0

1946: 1
II ....
Ill
IV

Ill "!!Z!
IV

Exports

Net

Government purchases

5.9
7.4
8.7
9.3

-2.8

5.9
10.1

3.5
1.8
-1.9

13.8
10.5

9.1
9.7
2.3
8.0
9.9
17.7
14.3
-5.7
16.7
24.7
27.9
12.8
-9.5
25.4

-15.9
-5.5
71.1
24.6

8.6
26.3
16.2
33.3

.4

10.8

-1.7

-1.3
-1.2

1.2
-3.0
-8.0

.6

10.8
11.2
11.7

10.1

9.2

9.8
-6.5

7.0
10.2
25.0
26.8
21.3

8.4
8.1
-3.0

7.3

7.8

9.6

23.5
29.9
23.3

9.7

9.5

1.0
-.6

1.3

.4

10.6
11.1

-.4
10.7
15.5

-4.1
14.1

7.2

12.7
15.0

14.4

9.9
7.0
10.0
25.0
26.7
21.2

9.7
1.0
-.4
10.8
11.2

-.5
10.7
15.6

7.6
6.4
1.3

5.9
6.4
-.1

5.4
5.7
.3

406.8
429.1
451.8
457.5
497.0

9.0
5.4
5.2
1.4
8.7

7.1
5.7
6.1
1.7
7.7

9.0
5.0
4.9
2.2
9.1

9.0
5.5
5.3
1.3
8.6

510.9
528.4
5692
599.8
642.5

516.6
535.4
575.8
607.7
653.0

3.9
3.6
7.5
5.5
7.4

4.1
3.7
6.9
5.7
7.6

3.0
3.4
7.7
5.4
7.1

3.9
3.6
7.5
5.5
7.5

101.3

693.0
756.0
803.8
880.2
949.8

698.8
767.9
812.9
89016
960.7

708.1
774.9
819.8
895.5
965.6

8.4
9.5
5.8
9.2
7.9

7.8
9.1
6.3
9.5
7.9

8.8
9.9
5.9
9.6
7.9

8.4
9.4
5.8
9.2
7.8

112.6
124.3
134.7
149.2
170.7

1,008.4
1,089.2
1,197.1
1,331.9
1,444.4

1,009.5
1,100.2
1,215.0
1,349.0
1,461.8

1,017.1
1,104.9
1,215.7
1,362.3
1,474.3

5.3
8.6

6.2
8.0
9.9

129.4
135.8
147.9
162.2
179.3

192.0
205.5
220.1
241.4
269.2

1,591.5 1,572.3 1,599.1
1,751.7 1 ,770.7 1,785.5
1,949.4 1,997.8 1,994.6
2,204.8 2,258.8 2,254.5
2,475.9 2,512.5 2,520.8

507.1
561.1
607.6
652.3
700.8

209.1
240.8
266.6
292.0
310.9

298.0
320.3
341.1
360.3
389.9

2,717.5 2,722.8
3,005.2 3,045.3
3,165.5 3,170.2
3,410.6 3,456.5
3,706.1 3,879.9

417.6
451.7
507.1
552.2
587.7

772.3
833.0
881.5
918.7
975.2

344.3
367.8
384.9
387.0
401.6

428.1
465.3
496.6
531.7
573.6

4,014.1
4,260.0
4,513.7
4,884.2
5,217.5

4,154.3 4,053.6
4,401.2 4,277.7
4,683.0 4,544.5
5,008.4 4;908.2
5,330.5 5,266.8

6.9
5.7
6.4
7.9
7.2

8.3
6.1
6.0
8.2
6.8

7.1
5.9
6.4
6.9
6.4

6.6
5.5
6.2
8.0
7.3

625.9
620.0

1,043.2
1,090.5

426.4
447.3

616.8
643.2

5,515.9
5,687.7

5,591.1
5,699.3

5,542.9
5,694.9

5.2
2.8

5.7
3.1

4.9
1.9

5.2
2.7

8.7
9.2
9.9

193.2
200.5
209.5
215.9

200.3
208.4
218.6
223.0

iij.9

16.0
19.2
12.8

2,742.1
3,063.8
3;179.8
3,434.4
3,801.5

10.0
11.8

8.1
8.7
11.5
11.6
13.1
11.5

8.8
11.9

3.9
8.1
10.9

11.3

8.4
10.2
10.1
11.3
13.1
12.3

9.8
10.6

5.3
7.7
8.7

13.0
14.2
15.4
13.6

6.6
7.0
7.0
7.3

33.1
28.2
27.3
28.1

24.4
19.1
17.4
17.3

10.8

194.0
199.1
212.1
217.7

7.5
8.2
7.7
8.3

25.8
26.4
26.2
26.3

14.0
14.3
13.6
13.1

11.7
12.1
12.6
13.3

226.4
231.7
237.7
243.4

215.9
219.3
223.2
235.8

227.8
231.7
236.1
246.3

9.6

28.1
30.5
32.3
34.7

14.3
16.1
17.0
18.7

13.7
14.4
15.3
15.9

247.6
252.6
257.9
260.7

243.9
253.2
260.4
262.2

252.6
259.9
266.8
268.1

10.4
12.0
11.1

9.6
9.4
8.9
9.1

36.8
39.0
39.3
39.0

20.4
21.7
21.3
20.7

16.5
17.2
18.0
18.3

261.2
263.4
261.4
262.6

255.2
251.9
254.8
254.8

263.0
259.5
261.2
258.9

-7.3
-5.2
-3.3

1.9

9.5

17.0
21.1

8.1
8.5
6.9
7.7

28.8
11.0

16.9
15.2
15.4
14.6

.4

6.4
6.2
5.1
2.9

16.0
15.6
14.0
12.0

2.1
1.6
-.8
-.2

11.6
11.8
12.2
13.5

10.2
13.0
13.7

38.2
38.9
38.7
42.0

19.6
19.9
19.2
22.0

18.6
19.0
19.5
20.0

266.3
275.0
291.0
292.2

266.1
276.3
296.1
306.9

269:6
279.3
296.9
308.4

17.4
15.1
27.5
16.4

13.8
25.4

.1
1.9
3.7
4.1

15.0
17.0
18.0
18.1

14.9
15.2
14.3
14.0

49.7
57.0
64.7
69.5

29.2
35.8
43.1
47.7

20.4
21.1
21.6
21.9

311.1
314.2
325.9
335.1

321.5
327.3
332.1
336.0

323.2
331.1
337.9
342.3

20.8

28.5

9.9
4.9

-.3

14.2
-6.5

5.4
5.8
.2

7.2
5.2
4.9
4.4

14.5

9.2
14.0

9.2

10.4
15.0

-4.3

8.5
2.9

3.5
5.7
7.3
5.9

2.0
2.9
4.3

25.8
28.0
22.6

9.7

1.6

-5.3
-1.5
-4.9

-7.5

6.0

18.3
19.4
19.4
17.6

-1.2
-2.8

9.5

10.0
10.5
10.1

18.3

2.0

2.8

9.8
8.3
5.2

16.9

9.8
10.6
10.0

5.1
9.0
10.4
11.0

8.4
7.6
12.6
12.8
13.1
11.2

8.4
11.8

4.1
9.0
12.2

.1
6.4
7.2

5.3
8.6
10.0
12.1

8.2
8.5
11.7
11.7
13.0
11.8

8.8
11.7

3.8
8.0
10.7

17.2
21.1

8.3
8.8
7.0
7.8

24.5

18.4

7.1
8.4
8.7
4.3

14.5
16.2
11.8

10.6
12.1
11.1

.8
3.4

-10.3

-3.0

5.7
1.6
4.0
15.8
11.8

2.8
-5.0

4.7
0

2.0
-7.4
-5.3

2.7
-3.5

19.1
16.1
31.9
15.5

17.5
15.1
27.9
16.3

20.3

20.6
10.2

7.5
6.0
4.7

8.4
5.3

SURVEY OF CURRENT BUSINESS

28 • December 1992

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable Nondurable
goods goods

Services

Gross private domestic investment

Total

Nonresidential

Residential

Net exports

CBI

Government purchases

Exports Imports

Net

Total

Federal

State
and
local

Final
Gross
sales of domes- Gross
domes- tic pur- national
tic
product
product chases

1952: 1
II
III
IV

343.2
343.7
349.6
3622

213.3
217.4
219.9
228.0

28.9
29.1
27.4
31.5

111.4
113.7
115.9
117.9

72.9
74.6
76.5
78.6

55.4
49.9
53.9
57.0

32.4
32.9
29.8
32.5

18.0
18.5
18.5
19.4

4.9
-1.5
5.6
5.1

3.6
1.8
-.1
-1.1

18.6
16.5
15.1
15.2

15.0
14.6
15.3
16.3

70.9
74.5
76.0
78.3

48.9
51.8
53.5
55.2

22.0
22.7
22.5
23.1

338.3
345.2
344.1
357.1

1953: 1
II

369.0
372.4
371.8
366.8

33.0
32.9
32.7
32.1

57.8
57.9
57.2
522

34.3
34.8
35.9
35.4

19.7
19.8
19.2
18.9

3.8
3.4
22
-22

-.8
-1.4
-.7
-.4

15.0
15.1
15.7
15.1

15.8
16.4
16.3
15.5

80.4
82.3
80.7
80.8

56.5
58.6
56.3
55.7

23.8
23.7
24.4
25.0

31.4
32.1
31.6
33.3

118.1
'118.1
117.6
117.5
118.7
118.8
119.9
121.3

80.5
82.5
84.2
84.7

366.3
366.6
371.2
379.4

231.6
233.5
234.5
234.2
236.4
239.1
241.4
246.0

86.3
88.2
90.0
91.4

51.6
512
54.7
57.8

34.5
34.3
35.0
34.9

19.0
20.3
21.8
23.2

-1.9
-3.4
-2.1
-.3

-.4
2
.5
1.1

14.3
16.3
15.8
16.5

14.8
162
15.3
15.5

78.8
76.1
74.6
74.6

52.8
49.5
47.0
46.7

1955: 1
II
Ill
IV

392.3
400.6
408.9
4152

252.2
257.2
261.5
265.6

36.5
38.8
40.6
39.6

122.3
124.0
125.0
127.5

93.4
94.4
95.8
98.4

642
68.1
69.9
73.7

35.4
37.9
40.4
42.5

25.0
25.6
252
24.2

3.7
4.6
4.2
7.1

1.0
-.3
.6
.1

172
16.8
18.1
18.3

162
17.1
17.4
18.1

75.0
75.5
76.9
75.8

1956: 1
II
Ill
IV

417.6
423.1
427.8
436.5

37.9
38.0
37.6
39.3

129.1
130.0
131.3
132.7

1002
101.8
103.9
106.0

73.1
71.5
72.6
71.5

42.8
43.9
45.4
45.9

23.7
23.9
23.5
23.0

6.6
3.7
3.7
2.5

.3
1.8
2.5
4.4

19.3
20.8
21.7
23.0

18.9
19.0
19.3
18.5

1957: 1
II
Ill
IV

444.9
446.6
453.9
449.0

40.3
39.8
39.4
39.1

134.5
135.8
1392
138.9

107.5
108.9
110.5
112.9

71.9
71.9
73.4
65.1

47.0
47.1
48.4
47.5

22.6
222
22.0
21.9

2.3
2.6
3.0
-4.3

4.7
4.0
3.9
3.3

24.8
24.3
23.6
22.9

1958: 1
II
Ill
IV

441.6
445.8
459.1
472.3

267.2
269.7
272.8
278.0
282.3
284.5
289.1
290.9
290.5
293.5
298.6
302.5

37.1
36.3
37.0
38.3

139.5
140.8
142.8
143.9

113.9
116.4
118.9
120.3

60.5
58.7
65.5
73.2

43.6
42.0
41.4
43.0

20.9
21.0
22.5
24.9

-4.0
-42
1.5
5.2

1.0
.4
.7
-.4

1959: |
II
Ill
IV

483.5
496.2
496.4
500.5

310.5
316.4
321.7
323.8

41.6
43.4
44.2
42.0

1462
147.6
149.2
150.8

122.7
125.4
1282
131.0

76.7
82.7
76.3
79.4

44.5
46.1
47.8
47.6

27.8
28.8
28.3
27.5

4.4
7.8
2
4.3

1960: 1
II
Ill
IV

514.0
512.9
515.8
510.8

43.3
44.2
43.7
42.5

150.9
153.8
153.4
154.4

133.1
135.4
136.3
138.6

89.1
79.4
78.4
68.1

49.4
502
48.9
48.5

28.4
26.1
25.3
25.3

1961:1

515.1
525.9
536.6
549.5

327.3
333.4
333.4
335.5
336.4
341.4
344.4
351.7

40.0
41.0
42.3
44.3

155.9
156.8
157.4
159.6

140.5
143.5
144.8
147.8

70.2
75.4
82.2
84.0

47.4
48.3
48.6
50.2

1962: 1
II
IV

561.9
569.4
576.2
578.9

3562
362.2
366.4
372.7

45.3
46.6
47.1
49.1

161.5
162.9
164.4
166.3

149.4
152.7
154.8
157.3

89.3
87.9
89.1
85.4

1963: 1
II
Ill
IV

588.1
596.7
609.4
618.3

502
51.5
52.2
53.3

167.5
168.2
170.7
171.2

158.6
161.0
164.8
167.9

1964: 1
II ...
Ill
IV

634.8
643.6
654.1
659.7

55.4
56.8
58.6
56.6

175.3
178.5
182.0
183.1

1965: 1

679.8
691.9
708.3
730.7
753.1
762.2
775.3
788.5
797.7
803.8
820.5
835.3

376.3
380.6
387.7
392.3
401.7
409.4
418.1
420.6
431.2
438.2
447.4
461.5
471.8
476.8
486.1
491.7

62.1
61.9
63.8
66.1
69.2
66.5
69.1
69.3

496.6
506.1
513.5
521.0

859.6
883.7
900.3
913.7

1969: 1
II
Ill
IV

937.3
951.1
970.7
978.8

1970: 1
II
Ill
IV

Percent change from preceding
pe

GDP

Final
Gross
sales of domesdomes- tic purtic
product chases

GNP

345.3
345.9
351.7
364.2

3.7
.6
7.1
15.1

3.8
8.4
-1.3
16.0

4.4
2.8
9.5
16.4

3.6
.7
7.0
15.0

365.2
369.0
369.7
368.9

339.6
341.9
349.8
363.3
369.7
373.7
372.5
367.2

371.0
374.5
373.7
368.7

7.7
3.8
-.6
-5.3

9.4
4.3
.7
-.8

7.3
4.4
-1.3
-5.6

7.I
3.1
-.8
-5.3

26.0
26.6
27.6
27.8

368.3
370.0
373.3
379.7

366.8
366.4
370.7
378.4

368.4
368.7
373.4
381.9

-.5
.3
5.1
9.1

-.7
1.9
3.6
7.1

-.5
-.4
4.8
8.5

-.3
.3
5.2
9.4

46.1
46.2
47.1
45.5

28.9
29.4
29.7
30.2

388.6
396.0
404.6
408.1

391.3
400.9
408.2
415.1

394.8
403.1
411.4
417.8

14.3
8.8
8.5
6.4

9.6
7.9
9.0
3.5

14.4
10.2
7.5
6.9

14.3
8.7
8.5
6.4

76.9
80.0
79.9
82.6

45.7
48.0
47.2
49.2

31.2
32.0
32.7
33.4

411.0
419.4
424.1
434.0

4172
421.3
425.3
432.1

420.5
426.0
430.8
4392

2.3
5.4
4.5
8.4

2.9
8.4
4.6
9.7

2.1
3.9
3.9
6.5

2.6
5.4
4.6
8.0

20.1
20.3
19.8
19.6

86.0
86.2
87.5
89.8

51.4
50.8
51.4
52.8

34.6
35.4
36.1
37.0

442.7
443.9
450.9
453.3

4402
442.6
450.0
445.7

448.1
450.1
4572
451.7

7.9
1.5
6.7
-42

8.2
12
6.4
22

7.7
2.2
6.8
-3.7

8.4
1.8
6.5
-4.8

20.4
20.4
20.5
20.5

19.5
20.1
19.7
20.8

89.6
93.2
94.3
97.0

51.5
54.2
54.3
56.0

38.1
39.0
40.0
40.9

445.6
450.1
457.6
467.1

440.7
445.5
458.4
472.7

444.4
448.6
461.8
475.0

-6.4
3.9
12.5
12.0

-6.6
4.0
6.9
8.6

-4.5
4.4
12.1
13.1

-6.3
3.9
12.3
11.9

-1.7
-2.5
-1.1
-1.4

19.7
20.0
21.8
21.1

21.4
22.5
22.9
22.5

98.0
99.6
99.5
98.7

56.3
57.7
57.6
56.9

41.7
41.9
41.9
41.7

479.1
488.4
4962
4962

485.3
498.8
497.5
501.9

4862
498.9
499.3
503.6

9.8
10.9
2
3.3

10.7
8.0
6.5
0

11.1
11.6
-1.0
3.6

9.8
10.9
.3
3.5

11.3
3.0
42
-5.7

.9
1.7
3.0
4.0

242
25.2
25.9
25.8

23.3
23.5
22.9
21.7

96.7
98.4
100.9
103.1

53.7
542
55.8
57.3

42.9
44.2
45.1
45.8

502.7
509.8
511.6
516.4

513.1
511.1
512.8
506.7

517.0
516.0
519.0
5142

11.2
-.9
2.3
-3.8

5.3
5.8
1.4
3.8

92
-1.6
1.3
-4.7

11.1
-.8
2.3
-3.6

25.3
25.5
26.9
27.8

-2.6
1.6
6.7
6.0

4.4
3.3
2.8
2.9

26.1
252
26.1
26.8

21.7
21.9
23.3
23.9

1042
105.9
107.1
110.8

56.7
58.2
58.7
60.6

47.5
47.6
48.4
50.2

517.7
524.4
529.9
543.5

510.7
522.7
533.7
546.6

518.8
529.4
540.2
5532

3.4
8.7
8.4
10.0

1.0
5.3
4.3
10.7

32
9.7
8.7
10.0

3.6
8.4
8.4
10.0

51.4
53.0
53.7
532

28.4
292
29.2
29.1

9.5
5.6
62
3.1

2.3
3.2
2.9
1.5

26.6
28.1
28.0
27.0

24.3
24.9
25.1
25.5

114.1
116.1
117.9
119.2

63.7
65.1
66.2
66.7

50.4
51.0
51.7
52.6

552.4
563.7
570.0
575.8

559.7
5662
573.3
577.4

565.7
573.5
580.3
583.7

9.3
5.4
4.9
1.9

6.7
8.4
4.5
4.1

9.9
4.7
5.1
2.9

9.3
5.6
4.8
2.4

90.3
91.8
94.7
96.6

53.1
54.7
56.3
58.1

30.2
32.2
32.5
33.7

7.0
4.9
5.9
4.8

2.0
3.7
3.1
4.4

27.2
29.6
29.8
31.1

252
25.9
26.7
26.8

119.5
120.5
124.0
125.0

65.4
65.6
67.4
672

54.1
54.9
56.5
57.8

581.1
591.8
603.5
613.5

586.1
592.9
606.4
613.9

6.5
6.0
8.8
6.0

3.7
7.6
8.1
6.8

6.2
4.7
9.4
5.0

6.3
5.8
8.8
6.1

171.1
174.2
177.5
180.9

100.6
100.4
101.5
104.4

59.6
61.4
63.5
652

35.4
342
33.7
33.8

5.6
4.8
4.3
5.4

5.9
4.9
5.4
5.7

32.9
32.6
33.9
35.0

27.0
27.7
28.4
29.3

126.6
128.8
129.0
129.1

67.6
68.2
67.4
66.6

59.0
60.6
61.5
62.5

629.2
638.7
649.7
654.3

11.1
5.7
6.7
3.5

10.6
62
7.1
2.9

10.1
6.4
6.3
3.4

11.3
5.5
6.8
3.3

185.6
189.1
192.8
200.0

183.5
187.1
190.8
195.5

115.8
115.8
119.1
121.3

33.9
34.2
34.3
34.5

12.3
9.2
9.5
7.8

66.1
67.6
70.0
74.1

63.6
65.6
68.2
69.7

14.7
6.4
10.5
13.1

13.5
12.5
122
17.0

35.0
362
382
38.8

147.5
153.5
159.0
163.4

75.9
80.2
83.8
85.3

71.6
73.3
752
78.1

12.8
4.9
7.1
7.0

9.6
5.6
7.3
4.5

13.5
5.6
7.7
6.6

13.1
7.4
9.5
12.9
12.9
4.9
7.0
72

67.8
71.2
71.3
72.2

215.1
219.4
224.3
2282

126.6
122.5
129.5
133.5

84.3
84.5
84.7
87.2

28.3
31.6
33.4
36.0

14.0
6.4
11.4
10.2

2.3
2.1
1.1
2

41.7
41.1
40.7
41.9

39.4
39.0
39.5
41.7

1722
173.1
176.3
180.6

91.8
91.4
93.2
95.0

80.4
81.7
83.1
85.6

685.3
697.7
713.7
735.6
758.2
767.3
780.3
793.9
803.0
809.0
826.2
841.0

8.3
9.4
9.8
14.5

34.8
332
31.9
29.2

667.5
682.7
698.8
722.8
739.6
749.7
763.1
771.5
783.7
797.5
809.1
825.2

12.8
7.3
9.8
13.3

130.5
129.9
129.4
131.9

31.5
36.3
35.7
38.0
38.2
38.2
39.0
40.4

129.8
133.3
138.2
143.8

198.5
202.6
206.4
210.9

3.0
4.7
3.7
4.1
3.2
2.0
.8
1.5

28.5
31.7
32.0
33.9

204.2
207.7
210.7
211.4
213.7
215.5
217.8
220.6

69.7
72.4
75.3
78.9
82.2
84.2
85.3
85.7

628.9
1 638.7
648.6
654.0
i 676.8
687.3
704:6
726.6
749.9
760.2
774:5
787.0
795.4
801:7
819.3
835,1

592.7
601.1
613.9
623.0
639.9
648.5
659.2
664.5

4.7
3.1
8.6
7.4

6.5
72
5.9
8.2

4.3
3.2
9.1
7.9

4.7
3.0
8.8
7.4

539.0
552.6
568.3
576.6

77.3
79.3
83.6
83.8

227.6
232.6
238.6
241.1

234.1
240.6
246.1
251.6

135.3
141.7
140.3
142.4

90.6
89.9
91.8
96.0

36.9
38.2
38.9
40.9

7.8
13.7
9.6
5.4

-12
-.6
-1.3
-1.9

432
44.8
47.0
462

44.4
45.4
48.2
48.2

186.5
190.0
192.9
196.7

98.0
98.6
99.4
100.6

88.5
91.4
93.5
96.1

851.8
870.0
890.6
908.3

860.8
884.3
901.5
915.6

865.5
889.8
906.6
920.0

12.2
11.7
7.7
6.1

13.5
8.8
9.8
8.2

12.9
11.4
8.0
6.4

12.2
11.7
7.8
6.0

85.8
862
86.4
86.5

154.3
154.1
159.1
153.3

99.5
101.4
105.1
105.6

432
43.4
43.2
40.7

11.6
9.3
10.9
7.1

-1.9
-1.8
—1.3
'.1

41.9
50.9
51.0
532

43.8
52.7
52.4
53.1

196.9
2002
204.6
205.4

925.7
941.7
959.8
971.7

7.9
7.1
7.9
5.1

105.8
107.1
108.2
105.7

40.7
39.4
40.4
45.0

2.1
3.7
5.4
-22

1.1
2.4
9

'A

54.7
57.6
57.3
58.3

53.5
55.2
56.4
57.9

208.9
210.0
214.5
217.3

107.5
110.4
114.8
117.5

4.5
5.8
7.8
1.4

6.7
5.1
7.1
4.5

10.7
5.9
8.3
2.8
4.1
5.3
8.5
1.6

10.7
5.9
8.4
3.4

148.6
150.2
154.0
148.5

943.7
939.2
957.3
952.8
976.7
972.0
978.7
984.8
988.5
996.0
987.6
1,000.0 1,001.3 1,010.4
1,017.4 1,022.0 1,029.4
1,028.6 1,026.0 1,032.5

10.7
6.0
8.5
3.4

281.1
286.5
294.3
301.3

99.0
99.6
102.2
1,01.3
101.4
99.6
99.6
99.8

98.0
100.6
102.4
104.1

852
86.4
87.3
82.5

245.5
250.2
254.2
258.8
264.7
268.2
271.9
276.5

256.6
262.1
267.6
274.7

989.7
1,003.8
1,022.8
1,026.4

587.9
598.5
608.3
620.0
631.0
641.1
653.5
660.3

1971:1
II
Ill
IV

1,069.8
1,0882
1,108.4
1,122.3

679.6
693.6
706.0
722.1

93.1
95.9
98.1
101.9

3082
315.8
323.4
331.7

1692
175.2
180.1
177.7

1082
111.1
112.4
115.3

48.6
54.6
58.3
61.5

12.4
9.5
9.4
.9

.8
-3.8
-3.1
-6.0

59.5
59.5
62.4
55.9

58.7
63.3
65.5
61.9

220.2
2232
225.5
228.5

99.5
99.7
1002
100.5

120.6
123.5
125.2
128.1

1,057.4
1,078.7
1,099.0
1,121.5

1,069.0
1,092.0
1,111.5
1,128.3

1,077.3
1,0962
1,115.7
1,130.2

18.0
7.1
7.6
5.1

11.7
8.3
7.7
8.4

17.8
8.9
7.3
6.2

18.5
72
7.3
5.3

1972: 1
II
Ill
IV

1,160.9
1,192.5
1,217.7
1,256.8

739.2
757.1
775.1
799.7

105.3
108.5
111.8
117.4

278.3
282.0
284.4
288.5
293.2
301.5
308.5
317.4

340.8
3472
354.8
364.9

1922
203.3
209.4
217.6

120.6
123.5
126.3
133.8

66.6
682
69.6
74.3

5.0
11.6
13.6
9.4

-8.6
-8.3
-7.9
-7.1

63.5
63.1
66.2
72.1

722
71.4
74.1
79.2

238.1
240.4
241.1
246.5

107.0
108.1
105.6
106.7

131.0
132.3
135.5
139.9

1,155.9 1,169.5
1,180.9 1,200.8
1.204.1 1,225.7
1,247.3 1,263.8

1,1692
1,200.8
1,226.8
1,265.9

14.5
11.3
8.7
13.5

12.8
8.9
8.1
15.1

15.4
11.1
8.6
13.0

14.5
11.3
8.9
13.4

iii ! " "
IV

1954: 1
II .
HI
IV

..

II
III '"""I,
IV

iii "!.""!"

Ill ".""!"'.
IV
1966: 1

Ill ""Z
IV

1967: 1
II
III
IV
1968: 1
Ill """"!
IV




4.6
5.9
7.7
12

SURVEY OF CURRENT BUSINESS

December 1992

Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable
goods

Nondurable
goods

Services

Gross private domestic investment

Total

residential

Residential

Non-

Net exports

CBI

Government purchases
State
and
local

Final
Gross
sales of domes- Gross
domes- tic pur- national
product
tic
chases
product

Exports

Imports

81.0
88.3
94.3

103.4

85.4
89.5
91.1
98.7

252.7
255.4
257.7
265.1

108.9
108.5
107.0
109.8

143.7
146.9
150.7
155.4

1,291.3
1,317.8
1,346.9
1,371.5

1,308.7
1,335.6
1,355.2
1,396.4

1,315.1
1,346.2
1,372.3
1,415.6

114.6
123.7
124.5
134.4

110.3
129.4
133.6
136.6

273.8
283.1
292.8
303.4

112.3
114.3
118.8
124.9

161.5
168.8
174.0
178.5

1,397.1
1,427.6
1,466.2
1,486.5

1,406.6
1,449.7
1,483.8
1,506.9

1,428.1
1,460.7
1,490.2
1,518.3

2.8
97
8.7
8.4

138.0
131.8
133.7
141.7

124.9
115.2
122.1
128.7

310.5
316.7
324.5
333.8

126.1
127.7
129.8
134.1

184.4
189.1

1,500.5
1,535.6
1,602.8
1,650.4

1,525.2
1,564.0
1,627.6
1,679.5

2.4

1947
1997

1,526.5
1,567.5
1,612.5
1,659.6

-1.1
-5.0
-7.2

143.1
146.0
150.9
155.4

138.9
147.1
155.9
162.7

337.4
338.4
341.3
347.9

133.2
134.0
135.7
140.1

204.2
204.3
205.6
207.8

1,7017
1,725.8
17607
1,8187

1,713.6
1,747.5
1,784.9
1,836.8

1,733.7
1,763.3
1,797.2
1,847.7

-21 2
-21 5
-21.2
-30.8

154.8
161.3
161.8
157.1

1761

3559
3657
371.3
379.2

1427

2131
2183

222.5
225.9

1 8665
l!927!8
1,976.6
2,026.6

1 ,902.9
l!9744
2,036.2
2,077.6

1 9027
l!973i8
2,0362
2,065.8

164.0
185.6
190.5
204.5

203.3
208.9

385.8
3977
409.3
421.5

154.9
169.4

230.9
237.0
245.6
252.1

2,064.9 2,129.5
2,185.1 2,237.1
2,2472 2,299.3
2,321.8 2,369.3

2,112.4
2,232.8
2,295.9
2,377.1

210.7
219.9
233.1
251.9

229;9
243^2
257.3
280.4

427.1
440.1
454.9
471.9

172.5
175.2
180.4
189.2

254.6
264.8
274.5
2827

2,3787 2,418.4
2,430.1 2,476.6
2,516.0 2,547.5
2,578.6 2,607.3

2,425.2
2,483.0
2,559.6
2,615.3

267.5
2762
282.7
290.4

304.6
292,8
279.2
299.0

490.5
504.1
507.4
526.4

198.6
208.5
208.8
220.6

291.9
295.5
298.6
305.8

2,643.1
2,646.1
2,741.2
2,839.7

2,687.3
2,660.5
2,701.8
2,841.5

2,687.7
2,679.4
2,739.8
2,861.5

Net

Total

Federal

1973: 1
II
Ill
IV

1,304.4
1,334.5
1,358.4
1,401.2

824.0
838.8
857.3
872.6

125.7
124.6
124.3
121.7

327.0
333.6
344.0
353.7

371.3
380.6
388.9
3972

232.1
241.4
240.1
258.7

141.2
149.0
153.7
156.4

77.9
75.8
75.0
72.7

13.1
16.7
11.4
29.6

1974: 1
II
Ill
IV

1,410.9
1,444.1
1,474.7
1,504.8

891.0
919.0
946.7
954.2

119.5
123.6
129.5
119.3

365.6
376.7
388.0
392.9

405.9
418.6
429.2
442.0

241.8
247.7
244.4
249.3

159.0
163.7
168.5
171.0

69.0
67.5
67.4
60.0

13.8
16.5
18.3

-5.6
-9.1
-2.1

1975: 1
II
III
IV

1,513.6
1,552.1
1,614.4
1,663.3

978.9
1,008.3
1,042.1
1,070.3

124.0
129.1
138.9
145.4

400.3
411.1
423.0
429.8

454.6
468.1
480.1
495.1

211.0
210.6
236.3
2462

166.3
166.0
169.7
173.9

57.7
59.9
64.6
68.7

-12.9
-15.4
1.9
3.7

13.1
16.6
11.6
12.9

1976: 1
II
Ill
IV

1,717.8
1,746.4
1,779.9
1,829.6

1,104.8
1,124.5
1,153.9
1,189.1

1552

439.4
446.3
455.8
465.8

510.3
520.8
5372
556.7

271.3
284.6
289.7
299.8

179.1
183.4
189.8
196.4

76.2
80.7
80.6
92.5

16.1
20.6
19.2
10.9

1977- 1
II ..
Ill
IV

1,881.7
1,952.9
2,015.1
2,046.8

1,225.5
1,253.5
1,284.7
1,322.4

1752

180.3
184.6
190.5

477.4
485.6
492.0
506.9

572.9
587.6
608.2
625.0

321 6
3552
380.3
376.0

2088
218^5
226.8
238.8

1978: 1
||
III
IV

2,090.2
2,213.9
2,274.7
2,352.0

1,351.7
1,410.1
1,442.7
1,480.3

187.9
205.3
205.5
210.4

516.7
534.5
549.4
565.5

647.1
670.2
687.8
704.4

391.9
429.4
447.3
467.4

245.7
270.1
284.0
2982

121.0
130.5
135.8
139.0

252
302

-39.3
-23.3
-24.6
-17.3

1979: I
II
HI
IV

2,399.2
2,453.3
2,523.3
2,578.8

1,520.4
1,554.8
1,607.1
1,652.5

211.8
210.6
218.3
216.0

583.6
599.8
624.5
645.5

725.0
744.4
764.3
791.0

470.9
481.7
485.5
482.9

311.9
317.7
334.7
341.5

138.6
140.9
143.5
141.2

20.4

-192

232
7.3
2

-23.3

1980: 1
II
III
IV

2,650.1
2,643.9
2,705.3
2,832.9

1,701.5
1,704.9
1,762.3
1,823.6

218.7
211.3
221.8

667.1
673.8
6862
704.6

815.7
832.9
864.9
8972

495.3
451.5
432.1
491.5

353.6
342.5
352.1
367.1

134.6
111.2
115.9
131.3

7.1
-22
-35.9

-37.1
-16.6
3.5

-6.8

-8.6

1981: 1
li
Ill
IV

2,953.5
2,993.0
3,079.6
3,096.3

1,876.0
1,908.9
1,952.1
1,968.0

230.8
225.5
236.3
221.4

731.3
741.6
748.5
755.5

913.9
941.7
967.2
991.1

548.5
543.3
575.4
564.7

383.7
400.7
418.4
437.1

131.9
128.7
120.1
109.5

32.9
13.9
36.9
18.1

-16.3
-16.0
-10.0
-16.4

303.0 , 319.3
305.8
321.7
299.9
310.0
303.4
319.7

545.4
556.8
562.2
579.9

229.0
239.8
241.8
252.6

316.4
317.0
320.3
327.4

2,920.6 2,969.8
2,979.2 3,009.0
3,0427 3,089.6
3,0782 3,1127

2,985.5
3,023.5
3,112.4
3,1337

1982: 1
II
Ill
IV

3,092.9
3,146.2
3,164.2
3,195.1

2,005.4
2,029.4
2,073.1
2,128.7

230.9
232.9
235.2
246.9

7612

1,013.3
1,0332
1,060.4
1,094.6

517.9
522.1
509.4
4642

432.6
419.4
405.0
397.7

104.7
102.8
102.4
112.8

-19.3
-2
2.0
-46.3

-17.5

763.3
777.5
787.3

-30.3
-29.5

291.9
293.9
279.0
265.6

309.4
299.0
309.3
295.1

587.1
599.8
612.0
631.6

255.8
261.0
268.0
281.4

331.3
338.8
344.0
350.3

3,112.3
3,146.4
3,162.1
3,241.4

3,110.4
3,151.3
3,194.5
3,224.6

3,123.7
3,179.2
3,193.8
3,222.6

1983: 1
II
Ill
IV

3,254.9
3,367.1
3,450.9
3,547.3

2,162.9
2,231.9
2,288.7
2,346.8

2512

791.7
810.4
829.4
839.8

1,120.0
1,151.4
1,178.3
1,209.3

478.3
532.5
561.2
614.8

385.3
3872
401.3
426.9

130.3
148.1
162.0
167.7

-37.3

270.1
281.0
297.7

202

-23.7
-44.9
-65.2
-71.8

270.6
272.3
277.7
2862

294.3
317.2
342.9
358.0

637.5
6477
666.3
657.6

284.6
291.0
302.6
2897

352.9
3567
363.7
367.9

3,2922
3,370.0
3,453.0
3,527.1

3,2787
3,412.0
3,516.1
3,619.1

3,283.8
3,394.0
3,481.6
3,578.4

1984: 1
II
Ill
IV

3,666.9
3,754.6
3,818.2
3,869.1

2,392.4
2,444.5
2,477.8
2,526.4

307.6
317.9
318.0
3282

854.1
872.0
878.2
887.8

1,230.8
1,254.6
1,281.7
1,310.4

693.6
719.2
739.9
722.8

441.0
463.9
479.3
491.5

174.7
180.6
179.8
180.4

77.9
74.7
80.7
51.0

-95.5
-104.5
-103.8
-107.1

293.1
302.1
305.7
308.7

388.5
406.7
409.5
415.7

676.3
695.4
704.4
727.0

297.9
309.6
311.2
3247

378.4
385.8
393.1
4022

3,589.0
3,679.8
3,737.5
3,818.1

3,762.3
3,859.1
3,922.1
3,976.2

3,694.2
3,778.3
3,843.3
3,890.2

1985: 1
II
Ill "......"
IV

3,940.0 2,589.2
3,997.5 2,636.4
4,076.9 2,704.2
4,140.5 2,739.8

3422
347.0
368.2
354.4

899.9
914.3
923.8
939.5

1,347.1
1,3752
1,412.2
1,446.0

700.5
714.8
706.0
737.0

499.1
506.1
499.6
511.3

182.1
182.0
186.5
193.1

19.3
26.7
19.9
32.6

-91.8
-116.0
-118.9
-135.5

305.0
302.7
295.8
304.7

39,6.8
41,8.7
4t4.7
440.2

742.2
762.4
785.6
799.2

330.0
338.2
352.1
356.9

4122

3,9207 4,031.8
3,970.9 4,113.6
4,057.0 4,195.8
4,107.9 4,276.0

1986: 1
II
III
IV

4,215.7
4,232.0
4,290.2
4,336.6

2,784.8
2,812.3
2,882.0
2,923.1

363.8
376.1
411.6
406.8

950.1
943.9
951.0
963.7

1,470.9
1,492.3
1,519.4
1,552.6

752.8
724.1
696.4
697.1

501.6
490.1
486.0
491.7

203.1
216.7
222.4
224.2

48.1
17.4

-12.0
-18.8

-127.8
-129.7
-139.4
-1332

311.5
313.0
318.4
333.9

439.2
442.7
457.8
467.1

805.9
825.3
851.2
8497

352.2
364.2
381.5
373.1

469.7
476.6

4,167.6
4,2147
4,302.3
4,355.4

1987: 1
II
III
IV

4,408.3
4,494.9
4,573.5
4,683.0

2,962.8
3,030.1
3,091.4
3,124.6

384.9
401.4
419.7
408.8

989.0
1,007.6
1,018.4
1,029.4

1,588.8
1,621.2
1,653.3
1,686.4

7252
733.9
737.9
8002

479.3
489.7
507.8
514.3

2228
226.4
2252
226.5

23.1
17.8
59.3

-140.3
-145.1
-143.8
-1432

336.3
355.7
371.5
392.4

476.5
500.8
515.3
5?5.6

860.6
876.0
888.0
901.4

375.6
384.5
387.1
392.5

485.0
491.5
501.0
509.0

1988: 1
II
Ill
IV

4,752.4
4,857.2
4,947.3
5,044.6

3,199.1
3,260.5
3,326.6
3,398.2

428.8
433.1
433.5
452.9

1,041.5
1,062.0
1,085.8
1,105.8

1,728.8
1,765.4
1,807.3
1,839.5

770.6
788.4
800.7
814.8

526.8
544.1
550.3
560.2

227.0
230.5
233.3
237.3

16.8
13.8
17.1
17.3

-122.0
-105.6
-98.5
-106.0

418.5
438.8
452.4
467.0

540.5
544.3
550.9
573.1

9047
913.8
918.5
937.6

386.6
386.0
383.5
392.0

1989: 1
II
Ill
IV

5,150.0
5,229.5
5,278.9
5,344.8

3,440.8
3,499.1
3,553.3
3,599.1

450.8
457.6
470.8
458.3

1,121.1
1,146.5
1,157.1
1,173.5

1,868.8
1,895.1
1,925.4
1,967.3

843.9
840.3
819.6
825.2

563.4
568.4
571.5
568.8

236.8
232.1
228.5
226.2

43.7
39.8
19.6
30.2

-£5.1
-£0.1
-79.7
-73.9

489.7
509.5
509.0
523.8

574.9
589.6
588.7
597.7

950.4
9702
985.6
994.5

1990: 1
II
Ill
IV

5,445.2
5,522.6
5,559.6
5,561.3

3,672.4
3,715.3
3,787.8
3,818.2

478.0
463.5
463.0
452.7

1,199.3 1,995.0
1,208.7 2,043.1
1,235.3 2,089.6
1,254.5 2,111.1

820.3
833.0
805.7
739.0

580.1
572.1
585.2
572.9

232.1
223.1
210.1
197.1

-72.1
-59.9
-76.3

5412

37.7
10.4

-31.0

-672

551.2
555.9
579.7

6,13.3
611.2
6322
646.9

1991:1
II
III
IV

5,585.8
5,657.6
5,713.1
5,753.3

3,821.7
3,871.9
3,914.2
3,942.9

439.5
441.4
453.0
450.4

1,245.0 2,137.2
1,254.2 2,176.3
1,255.3 2,205.9
1,251.4 2,241.1

705.4
710.2
732.8
736.1

551.4
545.8
538.4
528.7

182.6
186.2

-28.5
-21.8
.2
9.2

-28.7
-15.3
-27.1
-16.0

5732
594.3
602.3
622.9

1992; I
||
Ill

5,8402 4,022.8
5,9022 4,057.1
5,978.5 4,108.7

469.4
470.6
482.5

1,274.1
1,277.5
1,292.8

722.4
773.2
781.6

531.0
550.3
549.6

2072
214.8
217.0

-8.1

628.1
625.4
639.0

157.5
160.8
166.6

1982

2,279.3
2,309.0
2,333.3

976
1117

115.0
116.9

1942

198.2

NOTE.—GDP Gross domestic product; CBI Change in business inventories; GNP Gross national product




8.5

152
25!o
38.4
20.3
28.7
27.5

-2.8
-2.1

4.9

8.1

-15.8
8.1
15.0

Percent change from preceding
period

-4.4
-1.1

3.2
4.7
4.3

4.2

-242

-28.6

-5.1

-37.1
-36.0

182!s
183.0
187,9

215n
221 ;8
1

146^8
148.8
153.3
1607
1637

GDP

16.0

9.6
7.4
13.2

Final
Gross
sales of domesdomestic purtic
product chases
14.9

15.0

8.5
9.1
7.5

12.7

77
9:0

12.8

11.3

57
112
112

8.5
6.0
3.0
9.7
6.4
-1.7

12.0

97
187

127

122

12.4

13.8

10.5

162
8.2
8.8

10.6
17.0

6.8
7.9

5.8
8.3
13.8

12.1

11 9

109

152
153

13.4

10.5
10.5

13.1

11.6

ie!o

6.4
8.8
25.9
11.4
14.3

8.3
9.3
11.9

9.1
11.5

-.9
9.6

ia!s

7.8
25.4
11.9
14.0
10.2

8.9
14.9
10.3
10.4

.5
152

GNP

16.5

9.8
8.0
13.2

3.6
9.4
8.3
7.8
1.8
10.6
17.3
13.4
13.5

7.0
7.9
117
124
15!8
13.3

8.4

5.9

10.4
21.8
11.6
12.7

24.8
11.8
14.9

8.6
10.0
12.0

97
12.8
-3.9

6.4

9.3

8.3
9.9
12.9

9.0
11.5

-12
9.3

20.2

15.2

22.3

19.0

18.1

11.9

19.3

18.5

8.3
8.8
4.7

5.4
112
3.0

12.3

4.5
4.5
2.0

-.3
5.4
5.6
3.8

5.5
12.1

22
-.4
7.1
2.3
4.0

10.4

117

6.4
9.8
102
8.9

14.2

7.2

77
14.5
10.3

6.9
17.3
12.8
12.2
16.8
10.7

5.2
2.8
-1.3

7.3
1.8
37
7.8
14.1

107
11.6
13.6

67
5.6

9.4
7.1
5.0

52
9.0
5.1

57
8.4
82
7.9

6.9
5.9
7.9
6.7

7.5
1.6
5.6
4.4

5.9
4.6
8.6
5.0

6.5
1.7
6.4
3.7

7.4
7
5.9
3.8

4,412.4
4,497.5
4,577.7
4,690.5

6.8
8.1
72
9.9

2.8
8.6
8.4
4.9

72
8.3
6.8
9.6

6.8
7.9
7.3

4,874.4
4,962.7
5,045.8
5,150.7

4,764.3
4,862.7
4,951.6
5,054.3

6.1
9.1
7.6
8.1

5,1062
5,1897
5,259.3
5,314.6

5,235.1
5,309.6
5,358.6
5,4187

5,164.0
5,243.3
5,294.7
5,365.0

604.3
610.0
619.7
633.0

5,437.1
5,484.9
5,5492
5,592.3

5,517.4
5,582.6
5,635.9
5,628.5

451.3
449.9
447.2
440.8

636.3
640.8
646.0
649.5

445.0
444.8
455.2

658.0
664.3
669.0

5,855.9
5,894.1
5,963.5

9.9
6.9
5.4

10.5

3,955.7
4,012.9
4,089.5
4,156.2

7.5
6.0
82
6.4

11.2

4,343.5
4,3617
4,429.7
4,469,8

4,231.4
4,239.1
4,300.0
4,340.5

4,385.2
4,477.1
4,568.6
4,623.7

4,548.6
4,640.0
4,717.3
4,826.2

518.1
527.8
535.1
5457

4,735.6
4,843.4
4,9302
5,027.3

392.3
401.6
407.3
405.1

558.1
568.6
578.4
589.3

1,0247
1,034.3
1,042.4
1,071.3

420.3
424.4
422.6
438.3

602.0
609.6
629.5
638.9

1,087.5
1,090.8
1,093.3
1,090.3

6362
662.5
675.0

1,103.1
1,109.1
1,124.2

4242
433.4
442.4
453.7
4612

6.4
8.9

10.2

9.4
7.4
8.1

4.1
7.4
6.9
8.6

6.4
8.5
7.5
8.6

8.6
6.3
3.8
5.1

6.4
6.7
5.5
4.3

67
5.8
37
4.6

9.0
6.3
4.0
5.4

5,464.1
5,537.0
5,577.8
5,5927

7.7
5.8
2.7
.1

9.5
3.6
4.8
3.1

7.5
4.8
3.9
-.5

7.6
5.4
3.0
1.1

5,614.4 5,614.6
5,679.4 5,672.9
5,712.9 5,740.3
5,744.2 5,769.3

5,614.9
5,674.3
5,726.4
5,764.1

1.8
52
4.0
2.8

1.6
47
2.4
2.2

5,848.3
5,939.4
6,014.5

5,859.8
5,909.3
5,992.0

62
4.3
5.3

8.0
2.6
4.8

10.0

4.2
4.8
2.0

1.6
4.3
37
2.7

5.6
6.4
5.2

6.8
3.4
5.7

-1.0

3O • December 1992

SURVEY OF CURRENT BUSINESS
Table 2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]

Personal consumption expenditures
Year and
quarter

GDP
Total

Durable
goods

Nondurable
goods

Services

Gross private domestic investment

Total

Nonresidential

Residential

Net exports

CBI

Net

Government purchases

Exports

Imports

Total

Federal

State
and
local

Final
Gross
sales of domes- Gross
domes- tic pur- national
tic
chases product
product

821.8

554.5

48.1

238.5

267.9

152.8

100.6

41.6

10.6

1.9

36.0

34.1

112.6

21.9

90.7

8112

819.9

748.9
691.3
599.7
587.1
632.6

520.0
501.0
456.6
447.4
461.1

38.1
32.4
24.5
24.4
27.8

2292
228.3
211.7
205.0
215.7

252.6
2402
220.4
218.1
217.6

1072

82.7
54.0
31.4
27.7
34.2

25.3
21.0
11.1

-.8

-.3

-5.8

30.1
27.0
22.0
22.9
23.4

122.0
125.5
120.5
116.1
131.4

24.4
24.9
25.9
30.9
40.0

97.6

12.7

29.8
24.7
19.6
19.9
22.3

749.7
699.1
617.3
597.3
638.4

749.1
693.7
602.1
5902
633.6

7542
695.5
630
0.
599
8.
648
3.

1935

681.3
777.9
811.4
778.9
840.7

487.6
534.4
554.6
542.2
568.7

34.6
43.1

2262
252.4
262.8
266.6
279.7

226.8
238.9
246.6
239.4
246.4

42.4
57.9
69.1
51.3
56.5

17.5
22.0
23.8
24.0
33.9

10.0
13.6
-5.4

23.9
25.3
31.9
30.7
32.7

31.1
30.4
33.8
26.5
28.1

135.7
158.6

675.9
767.8
797.8
784.3
837.7

688.5
783.0
813.3
774.7
836.0

814.5

162.5
174.0

40.2
63.5
56.8
62.3
65.1

782.2
842
4.

906.0
1,070.6
1,284.9
1,540.5
1,670.0

5952
629.3
628.7
647.3
6712

48.3
54.6
37.8

293.0
311.5
317.9
327.6
346.2

253.9
263.1
273.1
285.6
292.7

69.0
81.6
49.6
41.3
54.6

38.1
40.4
20.4
12.4
10.9

8.2
2.8
-11.1
-28.1

37.5
39.1
26.3
22.3
24.6

29.2
36.3
37.4
50.4
53.5

180.7
289.1
586.0
867.7
968.0

189.0
492.5
781.1
884.3

891.2
1,043.2
1,273.6
1,540.6
1,675.6

897.7
1,067.8
1,296.1
1,568.6
1,699.0

988
0.
1,074.4
1,288.4
1,543.6
1,673.3

1,602.6
1,272.1
1,252.8
1,300.0
1,305.5

714.6
779.1
793.3
813.0
831.4

302.4
332.2
345.2
356.8
3622

82.6

78.5

114.9
131.5
136.0
122.1

12.8
52.5
67.0
80.1
74.3

-23.9

195.5
198.8
229.8
187.4

-8.7
28.0

80.1

377.3
391.7
382.3
384.0
389.2

.3
13.7
-9.1

26.5
41.9
16.6
17.3

32.8
66.7
79.1
60.7
59.9

56.7
40.2
37.1
44.1
42.5

829.4
271.0
218.8
240.6
269.3

742.9
175.4
110.7
126.3
139.8

108.1
114.3
129.5

1,611.4
1,244.1
1,252.5
1286.3
1,314.5

1,626.5
1,245.6
1,210.9
1,283.4
1,288.1

1,605.0
1,276.0
1,258.5
1,307.0
1,311.8

1,418.5
1,558.4
1,624.9
1,685.5
1,673.8

874.3
894.7
923.4
962.5
987.3

95.0
88.2
86.4
95.0
96.8

400.4
412.7
429.0
443.7
449.4

378.9
393.8
407.9
423.8
441.2

256.4
255.6
231.6
240.3
234.1

132.5
140.6
138.6
148.9

101.4

22.5
30.0

11.1

53.0
64.3
62.3
59.5

49.7
532
59.9
66.6
64.4

284.5
397.0
467.6
489.8
454.7

145.6
256.3
324.6
339.7
292.7

138.9
140.7
143.0
150.1
162.0

1,396.0
1,528.4
1,615.3
1,680.4
1,679.4

1,415.3
1,547.4
1,622.5
1,692.6
1,676.1

1,425.6
1,567.4
1,634.3
1,694.2
1,683.3

1,768.3
1,803.6
1,8382
1,829.1

1,047.0
1,078.7
1,104.4
1,122.2
1,178.9

114.8

470.5
486.0
495.5
500.0
518.5

461.7
483.5
500.2
519.7
546.0

284.8
282.2
266.9
245.7
296.4

160.5
171.2
172.1
154.3
165.2

1082
98.8
92.7
93.7

72.9

117.6

-2.3
13.6

441.7
444.0
465.3
476.0
475.3

268.7
264.8
276.1
272.0
265,7

173.0
179.2
189.2
204.0
209.6

1,752.2
1,791.5
1,836.1
1,831.4
1,915.2

1,773.5
1,804.8
1,836.6
1,843.9
1,950.6

1,779.0
1,815.5
1,850.9
1,839.7
1,939.6

1,970.8 1,210.8
2,023.8 1,238.4
2,128.1 1,293.3
2,215.6 1,341.9
2,340.6 1,417.2

115.4
109.4

526.9
537.7
553.0
563.6
588.2

568.5
591.3
620.0
648.0
688.3

290.8
289.4
343.3
371.8

173.3
172.1
185.0
192.3
214.0

109.4
110.1
120.6
135.0
142.1

15.6
16.0
15.7

101.8
115.4

105.5
107.7
112.9

476.9
501.5
5242
536.3
549.1

259.0
270.1
287.3
285.7
281.8

217.9
231.4
236.9
250.6
267.3

1,962.7 1,978.5 1,982.8
2,016.6 2,029.3 2,037.1
2,112.5 2,138.6 2,143.3
2,199.6 2,221.4 2,231.8
2,324.9 2,338.1 2,358.1

184.5
190.8

616.7
647.6
659.0
686.0
703.2

724.1
7602
796.2
837.0
877.2

413.0
438.0
418.6
440.1
461.3

250.6
276.7
270.8
280.1
296.4

137.3
124.5
120.2
136.4
140.1

25.1
36.7
27.6
23.6
24.8

118.1
125.7
130.0
140.2
147.8

124.5
143.7
153.7
177.7
189.2

566.9
622.4
667.9
686.8
682.0

282.1
319.3
350.9
353.1
340.1

284.8 2,445.4
303.1 2,579.5
317.0 2,657.5
333.7 2,773.2
341.9 2,8482

2,476.9 2 4 8 9
,8.
2,6342 2,6332
,0.
2,708.9 2 7 2 6
2,834.4 2,815.6
2,914,
2809
,9.

2,873.9 1,813.5
2,955.9 1,873.7
3,107.1 1,978.4
3,268.6 2,066.7
3,248.1 2,053.8

183.7
201.4
225.2
246.6
2272

717.2
725.6
755.8
777.9
759.8

429.7
475.7
5322
591.7
543.0

292.0
286.8
311.6
357.4
356.5

131.8
168.1
198.0
196.6
155.6

20.8
22.5
37.7
30.9

-45.9
-56.5
-34.1

161.3
161.9
173.7
210.3
234.4

196.4
207.8
230.2
244.4
238.4

665.8
652.4
653.0
644.2
655.4

315.0
290.8
284.4
265.3
262.6

350.9 2,868.0
361.6 2,935.2
368.6 3,084.5
378.9 3,230.9
392.9 3,217.;

2,909.1 2,891
3,001.8 2 9 5 9
,7.
3,163.6 3,128.8
3,302.7 3 2 8 6
,9.
,8.
3,252.2 3 2 2 4

3,221.7
3,380.8
3,533.3
3,703.5
3,796.8

2,097.5
2,207.3
2,296.6
2,391.8
2,448.4

226.8
256.4
280.0
292.9
289.0

767.1
801.3
819.8
844.8
862.8

912.5
946.7
997.4
1,042.2
1,066.8
1,103.6
1,149.5
1,196.8
1,254.1
1,296.5

437.6
520.6
600.4
664.6
669.7

316.8
328.7
364.3
412.9
448.8

134.7
166.4
201.9
214.5
207.4

-13.9

23.1
-6.4

232.9
243.4
246.9
270.2
293.5

209.8
249.7
274.;
300.1
304.1

663.5
659.2
664.1
677.0

262.7
263.1
268.6
271.7

400.8
401.1
401.0
408.4
417.6

3,235.6
3,355.3
3,499.0
3,666.3
3,783.2

3,198.6
3,387.1
3,561.1
3,733.3
3,807.4

3,247.6
3,4122
3,569.0
3,739.0
3853
,4.

3,776.3
3,843.1
3,760.3
3,906.6
4,148.5

2,447.1
2,476.9
2,503.7
2,619.4
2,746.1

262.7
264.6
262.5
297.7
338.5

860.5
867.9
8722
900.3
934.6

1,323.9
1,344.4
1,368.9
1,421.4
1,473.0

594.4
631.1
540.5
599.5
757.5

437.8
455.0
433.9
420.8

320.

490.

164.8
151.6
124.1
174.2
199.3

326.1
296.7
285.9
305.7

289.9
304.1
304.1
342.1
427.'

704.2
713.2
723.6
743.8
766.9

284.8
295.8
306.0
320.8
331.0

419.4
417.4
417.6
423.0
436.0

3,784.6
3,818.6
3,777.8
3,902.
4,080.6

3,745.;
3,821.;
3,767.;
3,962.8
4,270.5

3,823.4
3844
,8.
3,796.1
3,939.6
4,174.

4,279.8
4,404.5
4,539.9
4,718.6
4,838.0

2,865.8
2,969.1
3,052.2
3,162.4
3,223.3

370.1
402.0
403.7
428.7
440.7

958.7
991.0
1,011.1
1,035.1
1,051.6

1,537.0
1,576.1
1,637.4
1,698.5
1,731.0

745.9
735.1
749.3
773.4
784.0

521.8
500.3
497.8
530.8
540.0

202.0
2262
225.2
222.7
214.2

22.1

-155.1
-143.1
-104.0

309.2
329.6
364.0
421.6
471.8

454.6
484.;
507.1
525.;
545.4

813.4
855.4
881.5
886.8
904.4

3552
373.0
384.9
377.3
376.1

458.2
482.4
496.6
509.6
528.3

4,257.6
4,395.9
4,513.7
4,698.6
4,808.3

4,425.1
4,559.6
4,683.0
4,822.6
4,911.:

4250
,9.
4,413.5
4545
,4.
4763
,2.
4827
,5.

4,877.5
4,821.0

3,260.4
3,240.8

439.3
414.7

1,056.5
1,042.4

1,764.6
1,783.7

739.1
661.1

538.1
5002

194.8

6.!
-9.3

-51.8
-21.8

510.0
539.4

561.8
561

929.9
941.0

4,929.3
4,842.8

4859
,9.
4,836.4

1,239.5
1,2472
1255.0
1,269.5

784.0
796.8
796.7
795.7

632
64.1
65.0
70.7

377.1
385.1
386.2
381.0

343.7
347.6
345.5
344.0

194.9
189.3
191.7
219.1

133.8
131.3
129.6
131.4

61.6
58.4
67.4
80.6

-.5
-.4

43.1
43.
45,
35.4

80.1
82.9

37.0
39.0
35.4
37.2

217.
217.

803.3
811.6
814.5
822.6

70.9
70.5
73,1
74.3

381.8
385.7
381.9
386.6

350.6
355.5
359.5
361.6

227.0
232.6
232.7
226.9

137.8

79.5

24.1
15.7
14.2
12.4

65.6
59.1
60.1

57.

41.6
43.3
45.9
45.4

229.7

Ill "II
IV

1,284.0
1,295.7
1,303.8
1,316.4

1949:1
II ....
Ill
IV

1,305.3
1,302.0
1,312.6
1,301.9

823.9
834.3
831.3
836.2

732

362.

81.1
82.7
83.3

131.4
124.1
117.;

391.6

363.7
361.4
361.3

200.9
176.3
187.8
184.5

64.8
64.3
59.1
51.3

43.6
43.1
41.42.0

1950:1
II
Ill
IV

1,350.9
1,393.5
1,445.

848.8
865.0
899.3
884.3

396.1
400.0
406.7
398.8

367.2
378.4
383.;
386.5

222.6
245.7
264.2
293.3

118.6
129.6

50.7

42.8

51

45:

GDP

Final
Gross
sales of domesdomes- tic purtic
chases
product

GNP

874
2.

1930
1931
1932
1933
1934

Percent change from preceding
period

1936

1937
1938

1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991

2,470.5
2,616.2
2,685.2
2,796.9
2,873.0

1947:1 ..

II .
IV
1948:1

1951:1

IV
1952:1
II

1,497.0
1,573.8
1,622.4
1,707.5
1,771.2

452
362
42.6

342
32.2
34.8

552
65.7

722

1092

108.8
102.5
114.4

1202

130.3
140.7
1562

166.0
1672

85.5
86.6

108.9
99.0

387.

1,504.1
1,548.3
1,585.4
1,596.0

899.8
884.9
894.2
899.9

98.8
86.3
84.0
83.8

409.

1,607.7
1,612.1
1,621.9
1,657.8

903.4
919.'
925.4
945.2

85.7




88.
82.
89.7

672
25.0
26.6
41.1

652
89.9

106.4
69.9
93.4

121.8
149.4
81.4
53.5
59.8

3212

1462

9.1

85.0
83.4
86.3
93.5

1702

-7.8

-17.5
-10.2
5.4

3.0
14.7
27.4
11.3

-.1

9.6
5.1

-5.2
-1.2

2.1

8.1
7.2

5.9

25.5
34.3

372
13.6
-8.3
24.6

-17.5
4.4
67.9
8.5
26.3
19.9
29.8

-5.2

7.1

842

17.2
13.5

140.

141.4

1.6
-14.9
-21.8
-7.6
-5.5

-10.5
-5.8

2.5
-6.4

-18.0
-23.7
-37.5
-41.5
-352

-4.1

-27.8
-29.9
-10.6
30.7
22.0
-7.4

-56.1
-122.0

-16.5
-4.7

-14.8
10.8
13.9
15.9
49.4

405.7
415.1
420.4

391.5
392.9
395.2
395.8

264.9
270.1
252.6
234.9

137.0
140.8
143.6
141.1

97.4
84.2
78.8
79.5

30.5
45.1
30.3
14.3

417.4
426.7
433.1
438.8

4002
404.9
410.0
416.;

237.9
219.7
227.3
241.4

141.5
142.5
130.4
139.9

81.6
83.0

14.7
-5.9
14.5
14.9

823

2.3

16.1
12.1

81.5
75.4

102.1
107.7
102.5

3.2
-7.1
-2.3

134.0
138.0

93.3

4.2
4.6

-5.6

134.

1152

-7.2
-5.1
-1.9

-5.6

9.7
14.

68.7
74.8
84.0

-2.3
-2.4
-3.0
-1.0

7.9
6.3
-2.6

1.4
3.3
10.4
15.3
15.3

12;
5.9
-2 H

622
67.7
78.0
85.0
73.7
73.8
88.4
89.9
95.0

80.
72.5

792
83.4
88.5
95.6
96.1
95.3

1522

76.2

258.

100.7
94.6
85.2
91.4
95.6
95.1
95.4

100.2
108.9
104.5
100.2
93.5
86.7
83.7
86.5
95.6

684.1
700
8.

112.6
110.0
111.9
108.3

104.9
107.1
109.4
111.2

1,240.0
1,247.6
1,260.2
1,262.4

1,196.4
1,203.3
1,209.7
1,234.1

1,244.
1,252.9
1,260.'
1,275.6

111.0
113.3
115.1

254.

118.;
122.4
127.3
136.8

1,274.3
1,281.5
1,286.6
1,302.8

1,259.9
1,280.0
1,289.6
1,303.9

1,290.9
1,302.9
1,310.9
1,323.5

2592
270.2
275.9
272.0

137.1
142.3
143.1
136.8

1222

1,305.6
1,318,
1,317.3
1,316.7

1,284.1
1,280.8
1,294.9
1,292.^

1,312.1
1,308.6
1,318.
1,307.6

271.5
276.6
284.3
305.5

133.7
137.7
145.1
165.9

139.2
139.6

1,340.1
1,379.6
1,429.2
1,435.1

1,343.0
1,387.3
1,447.;
1,483.'

1,357.0
1,400.
1,453.1
1,492.3

197.3
242.0
281
304.2

138.7
140.8
141.6
141.6

1,473.6
1,503.
1,555.2
1,581.7

1,500.;
1,537.9
1,570.2
1,580.7

1,511.2
1,557.
1,594.9
1,606.2

311
322.6

141.8
144.3
141.5
144.5

1,593.0
1,618.0
1,607.1,642.8

1,595.(
1,6062
1,6242
1,664.fi

1,617.3
1,621.8
1,631.3
1,666.8

221.3
219.4
235.

242.3

52.8
57.1

55.'
55.7

59.5
65.1
66.5
66.0

562
54.7
51.2
50.7

336.1
382.8
423.3
445.8

69.8
62.5
58.0
58.7

57.1
56.6
60.3
65.8

453.7
466.8
471.6
478.2

330.

333.7

117.

127.9

132:
1352

137.9
138.

-8.9
-7.7
-13.3
-2.1
7.7
7.7
142
4.3
-4.0
7.9
7.8
18.2
20.0
19.9
8.4
-4.0
-20.6
-1.5
3.8
.4
8.7
9.9
4.3
3.7
-.7
5.6
2.0
1.9
-.5
5.5
2.2
2.7
52
4.1
5.6
5.5
5.9
2.6
4.2
2.7
0
2.9
5.1.
5.2
-.6
-.8
4.9
4.5
4.8
2.5
—5
1.8

-2.;

3.9
6.
3.
2.9
3.1
3.9
2.5
.8
-12
2,
2.5
4.'
4.7
3.'
2.5
3.9
-3.3
-1.0
3.3
-3.2
15.9
13.2
15.7

11.:

5.
12.3
10.0
2.7
3.0
1.2.5

-7.6
-6.7
-11.7
-3.2
6.9
5.9
13.6
3.9
-1.7
6.8
6.4
17.1
22.1
21.0
8.8
-3.8
-22.8
.7
2.7
2.2
6.2
9.5
5.7
4.0
-.1
4.3
2.2
2.5
-.3
4.6
2.5
2.7
4.8
4.1
5.7
5.2
5.5
3.0
4.4
2.7
.7
2.3
5.1
4.7
-.4
.6
3.7
4,
4.8
3.2
0
.9
-1.1
3.3
4.6
4.3
3.
2.7
4.1
2.3
1.3
-.8

-8.6
-7.4
-13.2
-2.0
7.4
8.7
13.7
3.9
-4.7
7.9
7.4
18.9
21.4
21.0
8.3
-4.3
-23.4
-2.8
6.0
.4
9.9
9.3
4.9
4.3
-1.0
5.8
1.8
1.8
.4
5.8
1.4
2.6
5.4
3.9
5.3
5.9
6.4
2.8
4.6
2.8
-2
3.2
5.4
4.4
-1.5
-1.6
5.9
5.1
4.8
2.0
-1.6
2.0
-1.4
52
7.8
3.6
3.0
2.7
3.0
1.8
.4
-1.8

8.6
6.
3.0
4.5
-5.
-1.0
4.5
7.3
12.3
15.2
1.6

14.6
7.0
2.9
6.4
-2.6
9.1

16.5
13.9
18.6
10:
4.8
10.
3.
2.8
4.6
10.4

-8.9
-7.8
-13.3 ,
-2.2
7.6
7.8
14.0
4.4
-4.0
7.9
7.7
18.2
19.9
19.8
8.4
-4.1
-20.5
-1.4
3.9
.4
8.7
9.9
4.3
3.7
-.6
5.7
2.1
2.0
-.6
5.4
2.2
2.7
5.2
4.1
5.7
5.5
5.8
2.6
4.2
2.7
0
2.9
5..1
5.4
-,,5
-1.1
5.1
4.6
4.8
2.8
-.6
1.6
-2.3
3.8
6.0
2.9
2.8
3.0
4.0
2.7
.9
-12
2.6
2.5
4.8
4.9
3.8
2.5
3.9
-3.4
-1.0
3.2
-3.4

16.0
13.3
16.0
11.3
5.2
12.7
10.1
2.8
2.8
1.1
2.4
9.0

SURVEY OF CURRENT BUSINESS

December 1992

Table 2.—Gross Domestic Product in Constant Dollars—Continued
Personal consumption expenditures
Year and
quarter

GDP
Total

Durable Nondurable
goods
goods

Services

Net exports

Gross private domestic investment

Total

Nonresidential

Residential

88.0
88.2
84.9
842

CBI

Net

Government purchases

Exports

Imports

Total

Federal

State
and
local

Percent change from preceding
Final
Gross
sales of domes- Gross
domes- tic pur- national
tic
product
product chases

norinrl
puriuu

GDP

Final
Gross
sales of domesdomestic
chaPses
product

GNP

11.6
10.7
5.7
-7.8

-6.7
-9.1
-6.7
-6.0

58.4
58.9
61.4
59.4

65.0
68.0
68.1
65.4

488.9
494.4
490.2
485.6

341.4
346.9
3392
331.3

147.5
147.5
151.0
154.3

1,675.7
1,684.6
1,6822
1,679.0

1,694.0
1,704.4
1,694.6
1,677.2

1,6962
1,704.8
1,696.2
1,679.6

85.1
90.6
96.1
102.0

-5.2
-9.3
-6.6
-1.4

-5.0
-2.7
-1.5
.1

56.6
64.6
62.4
65.0

61.7
67.3
63.9
64.9

470.4
457.6
449.3
441.4

311.2
297.7
285.4
276.5

159.2
159.9
163.9
164.8

1,666.0
1,667.7
1,684.3
1,699.7

1,665.9
1,661.1
1,679.2
1,6982

1,669.9
1,667.5
1,686.9
1,708.8

-2.5

148.3
157.5
165.1
171.3

109.6
111.0
108.5
103.7

11.3
16.8
15.7
20.6

-1.0
-7.5
-5.2
-7.0

67.0
65.3
69.3
69.4

68.0
72.8
74.5
76.4

449.3
439.6
442.7
435.1

278.3
266.6
269.4
260.4

170.9
173.0
173.3
174.6

1,731.2
1,741.8
1,762.5
1,773.3

1,743.5
1,766.1
1,783.3
1,800.9

1,753.3
1,769.1
1,788.8
1,804.8

10.8

2862
283.9
281.6
277.0

169.0
170.9
173.4
171.5

100.7
100.0
98.0
96.6

16.5
12.9
102
8.9

-6.8
-2.7
-1.7
6.4

72.3
77.0
79.5
83.2

79.1
79.7
812
76.8

434.9
443.3
443.5
454.1

258.7
264.6
263.6
272.3

176.3
178.7
180.0
181.8

1,770.5
1,785.5
1,792.0
1,817.8

1,793.8
1,8012
1,803.9
1,820.3

1,799.2
1,810.6
1,814.6
1,837.4

-1.5

2722
269.3
273.8
252.3

172.3
1712
174.5
170.4

5.4
2.3
1.3
-2.6
-13.0
-16.3
-13.4
-16.8

88.7
86.3
84.0
81.0
72.7
73.2
74.0
74.6

83.3
84.0
82.7
83.6
85.8
89.5
87.4
91.4

461.7
462.9
468.7
467.8
466.5
476.9
476.3
484.1

276.1
275.7
278.8
273.8
267.8
274.9
270.5
274.9

1,831.5
1,829.5
1,843.4
1,840.1

1,831.0
1,832.5
1,849.9
1,833.1

1,849.3
1,848.8
1,864.6
1,841.0

159.5
153.1
149.9
154.8

4.9
5.3
7.8
-9.6
-13.3
-11.8
3.1
12.8

189.9
194.0

234.4
229.4
247.3
271.9

95.1
92.8
91.6
91.5
882
88.1
94.3
104.3

185.7

492.2
495.3
503.5
509.1

495.1
497.9
500.6
5072
508.0
517.9
525.3
527.5

198.8
202.0
205.9
2092

1,803.4
1,816.2
1,837.8
1,868.1

1,803.1
1,820.6
1,854.3
1,897.7

1,800.8
1,815.4
1,851.4
1,8912

117.6
112.0

514.9
516.9
519.9
522.4

532.7
542.4
550.6
5582

290.7
308.9
288.1
297.8

158.8
163.8
169.1
169.0

116.4
120.7
118.5
115.0

15.5
24.4
.5
13.9

-21.4
-25.0
-20.3
-20.5

70.9
72.0
77.5
74.7

92.3
97.0
97.8
95.3

476.1
478.2
474.9
471.9

266.4
268.4
265.0
262.8

209.7
209.8
210.0
209.1

1,889.4
1,913.1
1,930.3
1,928.0

1,926.3
1,962.5
1,951.1
1,962.4

1,915.1
1,947.7
1,941.8
1,953.6

1,201.7
1,216.4
1,210.8
1,214.1

114.5
117.6
116.2
113.2

5228
529.6
527.0
528.0

564.4
569.1
567.6
572.9

321.8
292.0
288.5
261.0

173.8
176.1
171.7
171.4

118.4
108.6
105.3
105.4

29.6
7.2
11.6
-15.9

-13.4
-10.4
-5.6
-12

84.9
88.3
90.5
902

98.3
98.7
96.1
91.4

466.8
473.7
479.9
4872

254.9
257.3
259.5
264.3

211.9
216.4
220.4
222.9

1,947.3
1,964.5
1,962.1
1,977.0

1,990.3
1,982.1
1,979.3
1,962.3

1,988.1
1,983.3
1,985.8
1,974.0

1,977.4
2,006.0
2,0352
2,076.5

1,218.1
1,235.6
1,238.8
1,261.0

106.7
109.3
114.4

532.1
537.7
536.9
543.9

579.3
590.6
592.6
602.7

266.4
279.9
302.4
308.9

169.0
171.0
171.8
176.8

105.9
106.3
1122
115.8

-8.5
2.6
18.5
16.3

-.9
-6.0
-6.7
-8.4

90.7
86.5
90.7
91.4

91.6
92.6
97.4
99.8

493.7
496.6
500.7
515.1

263.8
268.3
269.7
278.6

229.9 1,985.9 1,9782 1,991.1
228.3 2,003.5 2,012.0 2,018.9
231.0 2,016.7 2,041.9 2,048.4
236.5 2,060.2 2,084.9 2,090.1

3.4
5.9
6.0
8.4

1.8
3.6
2.7
8.9

3.3
7.0
6.1
8.7

3.5
5.7
6.0
8.4

IV

2,103.8
2,125.7
2,142.6
2,1402

1,273.5
1287.0
1,298.2
1,314.3

116.7
119.1
120.1
125.0

548.9
550.6
554.5
558.2

608.0
617.4
623.5
631.1

321.4
322.0
327.3
314.1

180.0
186.1
188.3
185.4

118.0
121.6
121.5
121.3

23.3
14.2
17.5
7.4

-11.9
-7.8
-8.9
-13.5

91.1
97.3
97.5
94.2

103.1
105.0
106.3
107.6

520.8
524.4
526.0
525.3

286.8
289.1
288.1
285.1

234.0
235.3
238.0
2402

2,080.5
2,111.5
2,125.2
2,132.8

2,115.7
2,133.5
2,151.5
2,153.7

2,117.3
2,140.6
2,157.7
2,157.6

5.4
4.2
32
-.4

4.0
6.1
2.6
1.4

6.0
3.4
3.4
.4

5.3
4.5
3.2
0

1963: 1
II
HI
IV

2,170.9
2,199.5
2237.6
2,254.5

1,322.5
1,332.3
1,350.7
1,362.0

127.3
129.7
131.3
133.0

561.0
561.8
565.4
566.1

634.2
640.8
654.1
663.0

330.8
339.5
349.3
353.5

183.7
189.7
195.1
200.7

125.8
135.0
137.5
141.6

21.3
14.9
16.7
11.2

-10.4
-5.2
-6.1
-1.6

94.4
102.1
103.4
107.3

104.8
107.3
109.5
109.0

528.1
532.9
543.6
540.6

283.4
285.9
290.0
283.4

244.7
247.0
253.6
257.1

2,149.6
2,184.6
2,220.9
2,243.3

2,181.3
2,204.7
2,243.6
2,256.1

2,187.4
2,215.3
2,253.6
2,271.0

5.9
5.4
7.1
3.1

32
6.7
6.8
4.1

5.2
4.4
7.2
22

5.6
52
7.1
3.1

1964: I
II
Ill
IV

2,311.1
2,329.9
2,357.4
2,364.0

1,388.0
1,409.3
1,433.8
1,437.6

137.8
140.6
144.8
139.4

575.7
584.9
595.9
596.3

674.5
683.7
693.2
701.9

372.1
367.9
371.3
376.0

2052
210.4
217.8
222.7

150.0
142.1
139.5
136.9

16.9
15.4
13.9
16.4

4.6
1.1
2.5
1.9

113.6
112.6
116.8
118.7

109.0
111.5
114.3
116.8

546.4
551.6
549.8
548.4

285.3
285.1
280.5
276.2

261.1
266.5
269.3
272.2

2,294.2 2,306.5 2,329.3
2,314.5 2,328.8 2,347.3
2,343.5 2,354.9 2,375.4
2,347.6 2,362.1 2,380.6

9.4
3.6
5.1
.7

9.2
3.9
4.6
1.2

1965: 1
||
III
IV

2,410.1
2,442.8
2,485.5
2,543.8

1,463.4
1,480.9
1,503.1
1,540.6

152.2
152.4
157.3
162.8

602.8
609.5
617.6
637.2

708.4
719.0
7282
740.7

407.6
407.5
418.1
418.9

236.4
245.9
255.0
265.0

1372
138.3
138.5
135.2

34.0
23.4
24.6
18.6

-7.5
-5.0
-7.8
-5.3

1052
121.0
119.0
127.1

112.7
125.9
126.8
132.4

546.6
559.3
572.1
589.6

272.3
277.8
282.7
295.8

274.4
281.5
289.5
293.8

2,376.1
2,419.4
2,460.9
2,525.1

2,417.6
2,447.7
2,493.3
2,549.1

2,429.1
2,462.5
2,503.8
2,560.3

8.0
5.5
7.2
9.7

9.7
5.1
7.7
9.3

8.4
5.6
6.9
9.3

1966: 1

2,596.8
2,601.4
2,626.1
2,640.5

1,559.6
1,566.1
1,582.0
1,587.6

169.9
162.0
166.3
166.0

641.9
6472
651.7
649.4

747.9
756.9
764.0
7722

449.5
435.9
435.1
431.4

275.0
276.8
279.2
275.8

86
.7
3.9
2.2

96
1.4
4.9
2.0

8.6
.7
3.7
2.3

411.7
406.1
424.9
431.8

271.0
269.7
268.8
273.4

665.8
663.2
668.7
673.9

301.1
315.3
328.5
332.3
351.8
347.7
352.0
352.2

26138
2,618.5
2,642.7
2,657.8

781.9
791.8
802.5
808.6

136.5
140.3
148.3
149.6
151.6
150.6
151.8
161.0

2,608 1
2,617.4
2,648.9
2,6622

655.4
659.0
658.8
662.7

125.2
124.3
125.5
127.9
131.0
129.5
128.3
131.3

2,560.7
2,569.3
2,593.2
2,594.8

162.8
170.0
168.1
167.8

-11.4
-16.0
-22.8
-21.7
-20.5
-21.1
-23.5
-29.7

297.9
3002
303.3
310.9

1,600.2
1,620.8
1,629.4
1,639.0

36.1
32.1
32.9
45.7
34.3
17.8
31.6
26.8

599.0
615.4
631.8
6432

2,6572
2,669.0
2,699.5
2,715.1

138.4
127.0
122.9
109.9
106.4
118.6
124.4
131.6

313.9
315.5
316.7
321.7

2,622.9
2,6512
2,667.9
2,688.3

2,677.7
2,690.1
2,723.0
2,744.8

2,674.2
2,685.5
2,717.9
2,732.8

2.6
1.8
4.6
2.3

4.9
7.5
7.0
10.9
58
1.4
3.8
2
4.4
4.4
2.5
3.1

2.3
1.9
5.0
32

2.5
1.7
4.9
22

1968: 1
II
III
IV

2,752.1
2,796.9
2,816.8
2,821.7

1,672.9
1,696.8
1,7252
1,735.0

178.2
182.0
189.4
188.5

675.5
683.0
692.9
692.7

8192
831.9
842.9
853.8

433.0
447.0
442.3
438.0

280.9
275.5
277.7
286.4

132.2
135.6
138.1
139.6

20.0
36.0
26.5
12.1

-36.8
-35.7
-37.4
-40.1

134.2
137.6
1462
142.9

170.9
173.2
183.6
183.1

682.9
688.7
686.7
688.8

356.4
355.9
350.3
349.7

326.5 2,732.1
332.8 2,760.9
336.4 2,790.3
339.1 2,809.6

2,788.8
2,832.6
2,854.2
2,861.8

2,770.3
2,815.6
2,836.0
2,840.6

5.6
6.7
2.9
.7

6.7
4.3
4.3
2.8

6.6
6.4
3.1
1.1

5.6
6.7
2.9
.7

1969: 1
II
Ill
IV

2,864.6
2,867.8
2,884.5
2,875.1

1,754.7
1,765.1
1,775.0
1,790.1

192.0
190.9
190.6
189.7

698.7
702.3
703.8
708.0

863.9
871.8
880.6
892.4

466.2
460.6
471.0
447.4

293.1
293.8
300.9
297.7

144.3
1432
141.9
131.3

28.9
23.7
28.2
18.5

-38.9
-44.1
-43.3
-39.8

128.4
154.5
153.1
155.0

167.3
198.6
196.3
194.8

682.6
686.3
681.7
677.3

342.2
343.5
339.3
335.4

340.4
342.7
342.4
342.0

2,835.8
2,844.1
2,856.3
2,856.6

2,903.5
2,912.0
2,927.7
2,914.8

2,883.6
2,886.0
2,901.7
2,892.2

62
.4
2.3

3.8
1.2
1.7
0

6.0
12
22

6.2
.3
2.2

1970; I

2,867.8
2,859.5
2,895.0
2,873.3

1,800.5
1,807.5
1,824.7
1,821.2

185.2
187.3
174.2

714.6
714.0
718.0
722.3

900.7
9062
918.5
924.7

431.8
423.6
439.4
424.1

294.9
292.5
295.5
284.9

131.9
122.8
129.5
143.2

5.1
8.4
14.4
-4.0

-36.0
-33.9
-34.4
-36.4

157.3
163.3
161.3
1632

193.3
197.1
195.7
199.6

671.5
6622
665.3
664.4

326.3
315.1
310.9
307.5

345.2
347.1
354.3
356.9

2,862.8
2,851.1
2,880.6
2,877.3

2,903.8
2,893.4
2,929.4
2,909.7

2,885.5
2,877.9
2,913.0
2,889.7

2,939.9
2,9442
2,962.3
2,977.3

1,849.9
1,863.5
1,876.9
1,904.6

193.0
197.8
203.3
211.5

724.0
724.9
724.2
729.4

932.9
940.8
949.4
963.7

467.8
476.2
482.0
476.8

284.9
2862
285.8
290.3

151.1
166.1
1742
181.0

31.9
23.8
21.9
5.4

-34.0
-48.8
-47.0
-53.8

162.5
162.7
171.0
151.4

196.5
211.5
218.0
2052

656.1
653.3
650.4
649.7

297.7
292.7
289.3
283.6

358.4
360.7
361.1
366.1

2,908.0
2,920.5
2,940.3
2,971.8

2,973.8
2,993.0
3,009.3
3,031.1

2,959.7
2,965.4
2,981.2
2,997.4

9.6
.6
2.5
2.0

4.3
1.7
2.7
4.4

9.1
2.6
2.2
2.9

3,037.3 1,929.3
3,089.7 1,963.3
3,125.8 1,989.1
3,175.5 2,032.1

215.9
220.9
225.7
238.3

734.9
752.7
761.7
774.0

978.5
989.6
1,001.6
1,019.8

511.3
527.4
542.1
547.8

299.7
306.1
311.4
329.1

193.1
197.1
197.6
2042

18.4
24.2
33.1
14.4

-612
-57.0
-53.9
-54.0

169.5
166.5
173.9
185.0

230.7
2235
227.8
239.0

657.9
656.0
648.5
649.5

290.7
290.6
280.3
275.8

3672
365.4
3682
373.7

3,018.9
3,065.5
3,092.7
3,161.0

3,098.5 3,058.4
3,146.7 3,110.5
3,179.7 3,148.4
3,229.4 3,197.8

8.3
7.1
4.8
6.5

6.5
6.3
3.6
9.1

9.2
6.4
4.3
6.4

3,253.3
3,267.6
3,264.3
3,289.1

253.4
2482
245.9
239.0

780.7
773.7
780.5
776.7

1,029.7
1,040.1
1,047.3
1,051.6

586.8
596.3
580.0
603.6

344.3
357.7
363.1
364.3

211.2
200.5
192.1
182.6

31.3
38.1
24.8
56.7

-49.7
-36.6
-26.1
-23.9

200.7
209.2
212.4
219.0

250.3
245.9
238.5
242.9

652.3
645.9
636.8
642.0

276.9
270.0
256.8
257.7

375.3
375.9
380.0
3842

3,222.0
3,229.5
3,239.6
3,232.4

3,303.0 3,279.4
3,3042 3,295.6
3,290.4 3,2972
3,313.0 3,322.1

102
1.8
-.4
3.1

7.9
.9
1.3
-.9

1953: 1
II
Ill
IV

1,687.3
1,695.3
1,687.9
1,671.2

958.0
963.4
9632
965.3

94.9
93.3
93.5
98.1

444.0
445.2
442.5
443.0

4192
424.9
427.1
424.1

247.1
246.6
241.2
226.3

147.5
147.7
150.5
149.8

1954: 1
II

1,660.8
1,658.4
1,677.7
1,698.3

969.1
976.9
992.9
1,010.4

94.2
94.0
96.3

445.9
444.1
4502
457.4

429.1
438.8
446.4
450.3

226.3
226.5
237.0
246.4

146.3
145.2
147.5
145.8

1,025.1
1,041.3
1,051.3
1,070.2

108.2

IV

1,742.5
1,758.6
1,7782
1,793.9

460.5
467.8
472.0
481.6

456.4
458.3
461.7
470.5

269.1
285.2
289.3
295.6

1956: I
II
Ill . ...
IV

1,787.0
1,798.5
1,8022
1,826.6

1,072.7
1,074.0
1,078.8
1,0892

1112

109.2
108.5
108.1

486.5
484.6
484.6
488.2

475.0
4802
485.7
492.9

1957: 1
II
Ill
IV

1,836.4
1,834.8
1,8512
1,830.5

1,097.1
1,100.3
1,107.4
1,113.0

111.6
109.3
106.8
107.5

490.4
493.1
500.0
498.3

1958: 1
||
Ill
IV

1,790.1
1,804.4
1,840.9
1,880.9

1,1022
1,114.3
1,130.6
1,141.7

102.0

1959: I
III
IV

1,904.9
1,937.5
1,930.8
1,941.9

1,159.5
1,175.5
1,188.0
1,192.7

1960: 1
II
Ill
IV

1,976.9
1,971.7
1,973.7
1,961.1

1961:1
II
Ill
IV
1962: 1

iii "!.'""."
IV

1955: |
II

Ill

||

II

ill ".I!".".!'.

HI
IV
1967: 1
II
Ill
IV

HI
IV
1971: |
II
HI ..."
IV
1972; |
II
Ill
IV
1973: 1
H
III
IV

.'.

2,063.9
2,062.0
2,073.7
2,067.4




102.7
1152

117.6
118.2

1012

101.7
105.1

111.9'
1162

1072

1882

1872

7.3
1.9
-1.7
-3.9

-.6
4.7
5.0
3.8
4.5
3.6
2.6
.8
5.5

22
-.4
3.6
-4.4
-8.5

32
8.3
9.0
5.2
7.0
-1.4

2.3
7.4
-1.0

.4
-2.5

10.4

3.3
4.8
.1.1

-1.3
-1.0

-12
5.1
-3.0

8.2
2.1
-.6
-.8

-3.1
.4
4.0
3.7

7.2
2.5
-2.3
-4.0

-2.0
-3.9

-2.7
-1.1

-2.3

4.4
4.6

7.6
2.5
4.8
2.5

11.1

-.6
3.4
1.4
5.9

-1.6

3.1
-.5
3.1
-.7
-7.7
2.9
4.8
6.8
4.6
5.1
3.6
-.5
4.1
3.6
-.5
3.1

.9
-1.6
42
-.5

72
2.0

5.3
4.0
4.0

-.6
4.7
5.3
10.8

3.7
4.5
3.6
-1.2

1.7
.6
3.7

2.5
.9
5.1

2.4
.3
3.9

2.6
-.1
3.5

-3.6

-5.0

-6.4

-8.4

3.9
7.6
9.7
6.2
7.7
-2.3

2.3
5.8
-1.6

3.3
8.2
8.9

52
7.0
-1.2

2.5
7.3
-1.0

.5

-.6
-3.4

-2.4

10.7

3.1
4.9
.9

-1.8

-1.3

-1.5
-1.4

-1.0

5.1
-2.7

9.4
.1
-1.7

2.8

-.9
5.0
-32
10.0

.8
2.1
2.2
8.4
7.0
5.0
6.4
10.6

2.0
2
3.1

SURVEY OF CURRENT BUSINESS

32 • December 1992

Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter

GDP

Total

Durable
goods

Nondurable
goods

Services

Net exports

Gross private domestic investment

Total

residential

Residential

Non-

CBI

1974: 1
II . .
Ill ... .
IV

3,259.4 2,050.8
3,267.6 2,059.0
3239.1 2,065.5
3,226.4 2,039.9

230.9
233.5
235.3
209.1

766.3
761.2
760.7
750.9

1,053.6
1,064.3
1,069.5
1,079.9

565.1
554.6
528.5
523.7

364.0
363.3
354.9
343.7

169.3
161.5
156.0
135.6

31.9
29.8
17.6
44.4

1975: 1
II
Ill
IV

3,154.0 2,051.8
3,190.4 2,086.9
3249.9 2,114.4
3,292.5 2,137.0

214.6
218.5
233.3
240.7

752.1
767.1
773.5
775.6

1,085.0
1,101.3
1,107.6
1,120.6

419.8
411.3
451.7
467.7

320.7
312.4
315.5
318.5

127.0
129.4

-28.0
-30.6

1382

-2.0

1976: |
II
Ill
IV

3,356.7
3,3692
3,381.0
3,416.3

2,179.3
2,194.7
2,213.0
2,242.0

254.0
254.4
2562
261.0

789.2
799.3
805.2
811.6

1,136.1
1,141.0
1,151.6
1,169.4

509.4
521.8

159.0
163.6

532.1

323.6
324.9
330.8
335.7

1977: 1
||
III .. ..
IV

3,466.4
3,525.0
3,574.4
3,5672

2271.3
2,280.8
2,302.6
2,331.6

272.3
278.1
282.1
287.3

817.8
815.7
816.7
829.2

1,1812
1,187.0
1203.8
1215.1

563.6
602.7
628.3
607.1

351.6
360.5
366.6
378.5

1978: 1
II
Ill
IV

3,591.8
3,707.0
3,735.6
3,779.6

2,347.1
2,394.0
2,404.5
2,421.6

279.0
300.4
295.2
297.0

833.5
840.9
848.0
856.9

1,234.6
1252.8
1,261.3
1,267.7

625.4
663.6
676.2
693.1

383.1
411.0
423.0
434.3

206.3
215.6
217.9

1979' I
II
Ill
IV

3,780.8
3,784.3
3,807.5
3,814.6

2,437.9
2,435.4
2,454.7
2,465.4

293.8
285.9
292.4
283.8

860.5
856.6
863.5
870.8

1,283.6
1,292.8
1,298.7
1,310.9

679.0
682.3
666.5
651.1

444.1
442.9
454.7
453.4

2132

1980: 1
II
Ill
IV

3,830.8
3,732.6
3,733.5
3,808.5

2,464.6
2,414.2
2,440.3
2,469.2

279.7
246.3
258.4
266.6

869.2
857.4
855.3
859.9

1,315.6
1,310.4
1,326.6
1,342.8

650.4
577.5
544.3
605.5

457.7
430.7
428.2
434.7

185.6
150.4
153.4
170.0

1981:1
II

274.4
262.6
271.3
250.0

867.3
868.6
867.9
868.1

1,333.8
1,344.9
1,348.2
1,350.6

643.8
627.0
644.5
609.1

444.9
450.9
461.6
462.5

1662

iv

3,860.5 2,475.5
3,844.4 2,476.1
3,864.5 2,487.4
3,803.1 2,468.6

1982: 1
||
HI
IV

3,756.1 2,484.0
3,771.1 2,488.9
3,754.4 2,502.5
3,759.6 2,539.3

259.3
258.6
260.0
272.3

867.6
867.7
872.7
880.7

1,357.1
1,362.6
1,369.8
1,3862

553.9
559.5
545.0
503.5

453.6
440.1
424.8
417.2

124.8
120.8
119.5

1983: 1
II
Ill
IV

3,783.5
3,886.5
3,944.4
4,012.1

2,556.5
2,604.0
2,639.0
2,678.2

274.3
294.0
303.3
319.1

885.2
893.8
907.1
915.2

1,396.9
1,416.1
1,428.6
1,443.9

519.7
588.0
620.8
669.5

403.1
407.6
423.0
449.6

150.1
170.5
185.7
190.6

-33.5
9.9

1984: 1
II
III
IV

4,089.5
4,144.0
4,166.4
4,1942

2,703.8
2,741.1
2,754.6
2,784.8

329.6
339.0
337.6
347.7

920.6
936.2
938.5
942.9

1,453.6
1,465.8
1,478.6
1,4942

739.9

463.7
4872
500.4
509.6

1985: 1
II .. .
Ill
IV

4,221.8
4,254.8
4,309.0
4,333.5

2,824.9
2,849.7
2,893.3
2,895.3

360.1
364.4
386.4
369.6

949.2
955.6
961.3
968.7

1,515.5
1,529.8
1,545.6
1,557.1

732.6
748.4
739.6
763.1

518.8
525.8

1986: 1
II
HI
IV

4,390.5
4,387.7
4,412.6
4,427.1

2,922.4
2,947.9
2,993.7
3,012.5

378.9
3902
423.1
415.7

980.8
9902
992.3
1,000.9

1,562.8
1,567.5
1,578.3
1,595.8

776.4
746.3
711.7
705.9

5132

1987: 1

4,460.0
4,515.3
4,559.3
4,625.5

3,011.5
3,046.8
3,075.8
3,074.7

389.4
403.1
417.7
404.7

1,005.6
1,011.3
1,012.9
1,014.6

1,616.5
1,632.4
1,6452
1,655.5

IV

4,655.3
4,704.8
4,734.5
4,779.7

3,128.2
3,147.8
3,170.6
3,202.9

425.1
426.9
423.8
439.2

1,023.5
1,031.0
1,039.3
1,046.8

1989: 1
II
III
IV

4,817.6
4,839.0
4,839.0
4,856.7

3,203.6
3,212.2
3,235.3
3242.0

4352
440.2
450.6
436.8

1990: 1
II
Ill
IV

4,890.8
4,902.7
4,882.6
4,833.8

3259.5
3,260.1
3,273.9
3,248.0

1991:1
II
III " ".
IV

4,796.7 32235
4,817.1 3,239.3
4,831.8 3,251.2
4,838.5 3,249.0

111 !!..!....

HI
IV
1988: 1
II

ill .'!..'

1992: 1
4,873.7
II
4,892.4
III 'ZI 4,933.7

3,289.3
3288.5
3,318.4

Imports

-5.3
-4.5
-92
2.6

229.0
240.2
230.4
237.8

234.3
244.7
239.6
235.1

648.8
658.6
6542
660.1

264.0
260.1
266.2

23.3
32.7
18.4

233.9
227.7
229.7
240.2

210.7
195.0
211.4
222.0

659.2
659.5
665.4
669.7

238.9
239.9
246.4
248.4

236.0
246.1
254.7
262.1

244.0
250.8
250.5
242.1

Total

Federal

260.0

State
and
local

Final
sales of
domestic
product

~

vjiOSS

Gross
domes- national
tic pur- product
chases

Final
Gross
sales of domesdomes- tic purtic
product chases

GDP

388.8 3,227.6 3,264.7 3,298.4
394.6 3,237.8 3,272.1 3,304.3

-3.6
-3.4
-1.6
-8.7

1.0

-.6
1.3

-5.7
-2.9
-3.0

-3.8
-2.1

0
5.0
3.9

-11.0
3.5
9.7

-9.2

4.5

5.4

.9

3,221.4
3,182.0

3,248.3
3,223.7

3,272.2
3,254.6

262.0
261.5
262.6
264.6

397.1
398.0
402.8
405.1

3,181.9
3,221.0
3,251.8
3,287.7

3,130.7
3,157.7
3,231.5
3,274.4

3,177.3
3,213.9
3,275.5
3,323.6

665.1
658.9
657.0
655.9

258.6
258.1
257.7
2582

406.5
400.8
399.3
397.7

3,329.8
3,335.9
3,353.7
3,401.6

3,353.8
3,375.4
3,389.3
3,430.0

3,386.8
3,400.5
3,412.7
3,448.9

8.0
1.5
1.4
4.2

52
.7
22
5.8

271.8
276.0
273.0
277.9

659.2
666.7
666.0
664.3

259.4
264.2
264.3
264.3

399.9
402.5
401.7
400.0

3,441.5
3,490.7
3,520.4
3,543.4

3,494.1
3,5502
3,596.9
3,603.0

3,503.9
3,561.7
3,610.8
3,599.3

6.0
6.9
5.7
-.8

4.8
5.8
3.4
2.6

7.7
6.6
5.4
.7

248.7
271.6
274.5
286.0

295.6
298.1
301.4
3052

666.1
675.9
681.8
684.1

263.5
270.4
270.3
270.1

402.6
405.4
411.5
414.0

3,555.8
3,670.1
3,700.3
3,739.0

3,638.6
3,733.5
3,762.5
3,798.8

3,629.1
3,737.9
3,769.8
3,819.3

2.8

1.4

4.0

286.5
284.9
292.9
309.9

303.8
305.3
300.2
307.1

681.2
687.0
693.6
695.3

270.4
269.9
273.5
272.9

410.8
417.1
420.1
422.4

3,759.1
3,754.6
3,802.5
3,816.7

3,798.1
3,804.7
3,814.8
3,811.9

3,821.2
3,829.8
3,862.0
3,868.3

319.6
323.0
320.1
319.5

308.5
290.0
273.1
287.9

704.7
707.9
701.9
7022

281.0
2882
285.6
284.4

423.7
419.7

-37.2
.8

11.1
33.1
47.0
31.5

417.8

3,823.7
3,7362
3,770.7
3,807.7

3,819.7
3,699.5
3,686.5
3,776.9

3,884.6
3,782.3
3,780.5
3,846.2

32.6
15.8
35.7
14.1

29.0
27.9
20.9
10.0

328.1
332.0
323.3
321.1

299.0
304.1
302.3
311.1

712.2
713.4
711.7
715.5

290.6
297.3
297.5
297.9

421.6
416.2
414.2
417.5

3,827.9 3,831.5
3,828.6 3,816.5
3,828.8 3,843.6
3,789.0 3,793.1

3,901.6
3,882.8
3,904.9
3,848.5

3.5
3.5
-17.7
-19.0

306.1
306.5
293.9
280.4

302.6
302.9
311.5
299.4

714.7
719.2
724.6
735.9

299.5
301.6
307.0
316.0

415.2
417.6
417.6
419.9

3,780.6
3,772.6
3,753.7
3,804.5

3,752.6
3,767.6
3,772.1
3,778.6

3,793.0
3,810.3
3,789.4
3,791.7

12.1
29.3

-28.0
-45.9
-67.0
-83.7

282.5
283.7
286.1
291.5

310.5
329.5
353.1
375.1

735.3
740.4
751.5
748.1

315.5
319.2
326.3
322.2

419.8
421.2
425.3
425.9

3,817.0 3,811.5
3,876.6 3,932.3
3,932.3 4,011.4
3,982.8 4,095.8

3,816.5
3,916.7
3,978.8
4,046.6

196.4
202.4
199.7
198.8

79.9
71.0
73.0
47.9

-108.4
-121.0
-1272
-131.4

298.0
303.9
308.2
312.8

406.3
424.9
435.4
444.2

754.1
763.3
766.0
784.3

323.8
329.6
328.7
341.7

430.4
433.7
437.3
442.6

4,009.6 4,197.9
4,073.1 4,265.0
4,093.5 4,293.6
4,1462 4,325.5

199.0
198.9
202.7
207.4

14.8
23.7
19.8
30.2

-127.1
-1492
-149.6
-155.4

310.9
309.8
304.3
312.0

438.1
459.0
454.0
467.4

791.5
805.8
825.7
830.5

343.4
350.0
363.5
363.7

448.1
455.8
4622
466.7

4,207.1
4,231.0
4289.2
4,303.3

215.0
228.0
231.3
230.5

48.1

500.1
492.5
495.5

182
-12.0
-20.1

-143.1
-157.1
-164.3
-156.0

320.9
323.9
330.6
342.9

464.0
480.9
494.9
498.9

834.9
850.6
871.6
864.8

359.4
369.7
385.5
377.5

475.4
480.9
486.0
487.3

729.3
735.7
738.4
793.8

481.1
490.7
508.6
510.6

225.7
227.7
224.3
223.3

-150.0
-146.3
-139.8
-136.0

342.1
356.5
371.5
386.1

492.1
502.7
511.3
522.1

869.1
879.0
884.9
893.0

376.8
384.5
386.8
391.6

1,679.6
1,690.0
1,707.5
1,716.9

756.9
769.4
782.2
785.0

517.7
531.4
535.2
538.8

220.0
222.0
223.5
225.3

16.1
23.5
20.9

-113.4
-98.1
-101.9
-102.7

407.1
417.2
424.1
4382

520.5
515.2
526.1
540.9

883.7
885.6
883.7
894.5

1,048.1
1,047.0
1,052.6
1,058.9

1,720.3
1,725.1
1,7322
1,746.3

802.9
794.5
769.0
769.5

539.5
542.2
541.8
536.7

2222
215.4
211.2
208.0

41.2
36.9
16.0
24.9

-79.8
-70.0
-77.5
-67.4

454.5
472.0
472.9
487.7

534.3
541.9
550.5
555.0

453.5
439.2
437.7
426.6

1,058.3
1,057.1
1,059.1
1,051.6

1,747.7
1,763.7
1,777.1
1,769.8

763.0
770.2
743.1
680.0

544.8
535.6
542.9
529.3

210.7
201.8
189.1
177.5

112
-26.8

-58.4
-56.9
-59.3
-32.7

500.2
508.7
508.4
522.6

412.0
411.3
419.4
416.1

1,043.0
1,046.3
1,044.8
1,035.6

1,768.5
1,781.8
1,787.0
1,797.4

646.0
649.5
672.0
676.9

507.0
503.0
498.7
492.1

164.1
166.9
172.6
177.3

-25.1
-20.4
.6
7.5

-17.9
-17.4
-31.6
-20.5

432.3
430.0
439.8

1,049.6
1,045.6
1,052.0

1,807.3
1,812.9
1^26.6

668.9
713.6
724.9

495.8
514.7
518.7

185.6
191.2
191.3

-12.6
7.8

-21.5
-43.9
-52.7

5192

760:£

773.1
756.4

5172

525.5

4.9

182
2.8
-62

181.8

26.9
33.3
27.2
14.7

187.1
207.9
207.7
204.8

24.9
34.3
54.0
23.8

-27.8
-25.2

36.0
36.9
35.3
40.6

-46.8
-26.5
-26.9

21.7
29.7

-17.3
-20.4

144.3

1612

2182

209.8
206.7
199.7

160.2
147.3
132.5

1312

5.0
-2.0

7.1
-3.6

-24.4
-1.5

.7
-44.9

22.5
17.3

5.4
59.9

192

7.5
32.8

15.0

-8.3

-13.7

-225

-35.9

-192

-7.3

2.8

4162

4.7
7.7
5.3

13.5

GNP

-2.0
-4.8

394.1
393.9

NOTE.-GDP Gross domestic product; CBI Change in business inventories; GNP Gross national product




Exports

Net

Percent change from preceding
oeriod

Government purchases

13.5

10.1

2.6
1.7
4.9

10.8

-2.8

.7

4.7
7.9
6.0
7.8
1.6
1.4
4.3
6.5
6.8
5.6
-1.3

3.4
12.5

3.1
4.8

3.3
42

3.1
3.9

3.5
5.4

.1
.4
2.5
.7

22
-.5
52
1.5

-.1
.7
1.1
-.3

.2
.9
3.4
.7

.7

.8
-12.0

1.7
-10.1
-2
7.1

1.7

-8.8

-9.9

.1
8.3

3.7
4.0

5.6

2.1
.1
0

-1.7

2.1
-6.2
-4.9

1.6
-1.8

-4.1

-.9
-.8
-2.0

.6

5.5

2.6
6.1
7.0

1-3
6.4
5.9
5.2

4,119.1
4,169.4
4,193.0
4,216.4

7.9
5.4
2.2
2.7

2.7
6.5
2.0
5.2

4,349.0
4,404.0
4,458.6
4,488.9

4,238.1
4,270.5
4,321.8
4,349.5

2.7
32
5.2
2.3

4,342.4
4,369.5
4,424.7
4,447.2

4,533.6
4,544.7
4,577.0
4,583.1

4,406.4
4,394.6
4,422.3
4,430.8

492.3
494.6
498.1
501.4

4,437.5
4,497.9
4,553.9
4,565.6

4,610.0
4,661.6
4,699.1
4,761.5

379.7
377.2
373.7
378.4

503.9
508.3
510.0
516.1

890.8
902.3
912.2
912.6

370.1
376.9
381.5
376.1

520.7
525.4
530.7
536.5

558.6
565.6
567.7
555.3

926.8
929.4
924.8
938.5

515.9
536.1
544.2
561.4

533.8
553.5
575.8
581.8

565.4
563.4
575.9

586.8
607.3
628.6

11.3

-1.4

102
5.9

5.9

-1.6

-1.9

2.9
-52

-5.7

-4.2

1.6
.5
.7
3.5
13.3

8.3
8.7

2.3
-5.6
-1,8

-22
.2
2.6
10,9

6.5
7.0

6.5
2.7
3.0

7.4
5.0
2.3
2.3

6.0
2.3
5.6
1.3

22
5.2
5.1
2.7

2.1
3.1
4.9
2.6

5.4
-.3
2.3
1.3

3.7
2.5
5.1
2.0

4.0
1.0
2.9
.5

4,463.9
4,517.8
4,563.6
4,633.0

3.0
5.1
4.0
5.9

-.9
5.6
5.1
1.0

2.4
4.6
3.3
5.4

3.0
4.9
4.1
6.2

4,636.2 4,768.7
4,688.7 4,802.8
4,710.9 4,836.4
4,758.7 4,882.4

4,667.1
4,710.3
4,738.7
4,789.0

2.6
4.3
2.5
3.9

6.3
4.6
1.9
4.1

.6
2.9
2.8
3.9

3.0
3.8
2.4
4.3

4,776.3 4,897.3
4,802.0 4,908.9
4,823.0 4,916.5
4,831.8 4,924.1

4,830.7
4,851.6
4,853.4
4,875.1

32
1.8
0
1.5

1.5
2.2
1.8
.7

12
1.0
.6
.6

3.5
1.7
.1
1.8

383.4
385.4
378.3
387.3

543.4 4,883.3 4,949.2
544.0 4,870.0 4,959.7
546.5 4,871.4 4,941.9
551.2 4,860.6 4,866.5

4,907.8
4,915.5
4,898.9
4,861.4

945.1
945.6
940.2
933.1

394.1
393.8
387.2
378.2

551.0
551.8
553.0
554.9

4,821.8
4,837.4
4,831.2
4,830.9

937.0
934.2
943.0

375.3
372.7
379.5

561.8
561.5
563.5

4,886.3 4,8952 4,890.7
4,884.6 4,936.3 4,899.1
4,918.7 4,986.4 4,945.6

4,814.6
4,834.4
4,863.4
4,858.9

4,822.0
4,831.8
4,843.7
4,848.2

2.8
1.0
-1.6
-3.9

4.3
-1.1

.1
-.9

10.4

2.1
.9

5.3
-1.1

2.5
.8

2.7
.6

-1.4
-6.0

-1.3
-3.0

-4.2

1.7
1.2
.6

1.3
-.5
0

1.7
2.4
-.4

-32
.8
1.0
.4

2.9
1.5
3.4

4.7
-.1
2.8

3.0
3.4
4.1

3.6
.7
3.9

-3.0

-3.2

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