National income and product accounts tables; selected NIPA tables and reconciliation and other special tables - includes 57 tables

Survey of Current Business, Nov, 1988

SURVEY OF CURRENT BUSINESS National Income and Product Accounts Tables Selected NIPA Tables New estimates in this issue: Third quarter 1988, revised (r). The selected set of 54 national income and product accounts (NIPA) tables shown in this section pres ents quarterly estimates, which are updated monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tab les usually shown in July presents annual NIPA revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are Released, Where They Are Available, and How They Are Presented" in the July 1988 SURVEY. The full set of estimates for 1985-87 is in the July 1988 issue of the SURVEY; estimates for 1984 ar e in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent of Documents; see address on inside front c over. The full set of NIPA tables is available on diskette for $240 per year (12 updates, for the quarterl y estimates prepared each month). For more information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Was hington, DC 20230.

Table : 1.1.--Gross National Product [Billion of dollars]

                                                      Seasonally adjusted at ann
ual rates
                               1986     1987             1987
     1988
                                                  II      III      IV        I
      II      III(r)

Gross national product 4,240.3 4,526.7 4,484.2 4,568.0 4,662.8 4,724.5 4,823.8 4,909.2 Personal consumption

 expenditures                2,807.5  3,012.1  2,992.2  3,058.2  3,076.3  3,128.
1  3,194.6  3,261.5
 Durable goods                 406.5    421.9    420.5    441.4    422.0    437.
8    449.8    451.8
 Nondurable goods              943.6    997.9    995.3  1,006.6  1,012.4  1,016.
2  1,036.6  1,061.9
 Services                    1,457.3  1,592.3  1,576.4  1,610.2  1,641.9  1,674.
1  1,708.2  1,747.7

Gross private domestic

 investment                    665.9    712.9    698.5    702.8    764.9    763.
4    758.1    771.4
 Fixed investment              650.4    673.7    665.8    688.3    692.9    698.
1    714.4    723.0
  Nonresidential               433.9    446.8    438.2    462.1    464.1    471.
5    487.8    494.7
   Structures                  138.5    139.5    134.4    143.0    147.7    140.
1    142.3    143.9

Producer's durable

    equipment                  295.4    307.3    303.8    319.1    316.3    331.
3    345.5    350.7
 Residential                   216.6    226.9    227.6    226.2    228.8    226.
6    226.5    228.3

Change in business

  inventories                   15.5     39.2     32.7     14.5     72.0     65.
3     43.7     48.4
  Nonfarm                       17.4     40.7     31.4     17.8     72.8     49.
4     33.1     39.5
  Farm                          -1.9     -1.5      1.3     -3.3      -.8     15.
9     10.6      8.9

Net exports of goods and

  services                    -104.4   -123.0   -122.2   -125.2   -125.7   -112.
1    -90.4    -82.4
  Exports                      378.4    428.0    416.8    440.4    459.7    487.
8    507.1    531.5
  Imports                      482.8    551.1    539.0    565.6    585.4    599.
9    597.5    613.9

Government purchases of goods

 and services                  871.2    924.7    915.7    932.2    947.3    945.
2    961.6   958.7
 Federal                       366.2    382.0    377.5    386.3    391.4    377.
7    382.2   370.9
  National defense             277.5    295.3    294.8    299.8    299.2    298.
4    298.8   293.1
  Nondefense                    88.7     86.7     82.6     86.4     92.2     79.
3     83.4    77.9
 State and local               505.0    542.8    538.2    546.0    555.9    567.
5    579.4   587.8

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

Table 1.2.--Gross National Product in Constant Dollars [Billions of 1982 dollars]

                                                      Seasonally adjusted at ann
ual rates
                               1986     1987             1987
     1988
                                                 II       III      IV        I
      II      III

Gross national product 3,721.7 3,847.0 3,823.0 3,865.3 3,923.0 3,956.1 3,985.2 4,010.9 Personal consumption

 expenditures                2,455.2  2,521.0  2,516.6  2,545.6  2,531.7  2,559.
8  2,579.0  2,604.5
 Durable goods                 385.0    390.9    391.3    406.5    387.6    401.
1    410.6    409.5
 Nondurable goods              879.5    890.5    889.8    891.9    890.5    892.
7    893.6    905.5
 Services                    1,190.7  1,239.5  1,235.5  1,246.8  1,253.6  1,256.
9  1,274.8  1,289.5

Gross private domestic

 investment                    643.5    674.8    660.1    667.9    724.7    728.
9    715.1    723.8
 Fixed investment              628.1    640.4    632.3    654.9    657.6    662.
9    679.7    687.1
  Nonresidential               433.1    445.1    434.8    462.8    464.8    473.
4    490.2    496.0
   Structures                  129.3    125.5    120.9    128.0    132.1    124.
0    125.0    126.0