[Economic Indicators July, 1996]
[Page Number 1]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the second quarter of 1996, according to advance estimates, current-
dollar gross domestic product (GDP) rose 6.1 percent (annual rate), real 
GDP (GDP in chained 1992 dollars) rose 4.2 percent, and the implicit 
price deflator rose 1.8 percent. (Series revised.)
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                                                        [Billions of current dollars; quarterly data at seasonally adjusted annual rates]                                                       
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                                                                               Exports and imports  of      Government consumption expenditures  and gross                                      
                                                      Personal                   goods and services                           investment                                                        
                                              Gross      con-      Gross   ---------------------------------------------------------------------------------   Final        Gross      Addendum:
                  Period                    domestic  sumption    private                                                      Federal                        sales of     domestic      Gross  
                                             product   expendi-  domestic      Net                                 ------------------------------   State     domestic   purchases\1\   national
                                                         tures  investment   exports   Exports   Imports    Total             National    Non-       and      product                   product 
                                                                                                                      Total    defense   defense    local                                       
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1987......................................   4,692.3   3,094.5      747.2     -142.1     365.7     507.9     992.8     455.7     350.4     105.3     537.2    4,668.1      4,834.5       4,701.3
1988......................................   5,049.6   3,349.7      773.9     -106.1     447.2     553.2   1,032.0     457.3     354.0     103.3     574.7    5,038.7      5,155.6       5,062.6
1989......................................   5,438.7   3,594.8      829.2      -80.4     509.3     589.7   1,095.1     477.2     360.6     116.7     617.9    5,407.0      5,519.1       5,452.8
1990......................................   5,743.8   3,839.3      799.7      -71.3     557.3     628.6   1,176.1     503.6     373.1     130.4     672.6    5,735.8      5,815.1       5,764.9
1991......................................   5,916.7   3,975.1      736.2      -20.5     601.8     622.3   1,225.9     522.6     383.5     139.1     703.4    5,919.0      5,937.2       5,932.4
1992......................................   6,244.4   4,219.8      790.4      -29.5     639.4     669.0   1,263.8     528.0     375.8     152.2     735.8    6,237.4      6,274.0       6,255.5
1993r.....................................   6,553.0   4,454.1      871.1      -62.7     657.8     720.5   1,290.4     522.6     362.7     159.9     767.8    6,532.4      6,615.7       6,563.5
1994r.....................................   6,935.7   4,700.9    1,014.4      -94.4     719.1     813.5   1,314.7     516.4     352.0     164.3     798.4    6,876.2      7,030.1       6,931.9
1995r.....................................   7,253.8   4,924.9    1,065.3      -94.7     807.4     902.0   1,358.3     516.6     345.5     171.0     841.7    7,216.7      7,348.4       7,246.7
                                                                                                                                                                                                
1990:IV...................................   5,781.5   3,907.0      736.1      -72.0     577.3     649.2   1,210.4     516.7     383.3     133.3     693.7    5,812.9      5,853.5       5,813.6
1991:IV...................................   6,002.3   4,027.1      760.9      -14.8     624.4     639.3   1,229.2     515.5     373.0     142.6     713.6    5,980.9      6,017.1       6,016.6
1992:IV...................................   6,383.0   4,329.6      816.1      -42.7     649.1     691.8   1,280.0     535.0     375.3     159.7     745.1    6,376.6      6,425.7       6,390.5
                                                                                                                                                                                                
1993:Ir...................................   6,442.6   4,367.6      843.6      -47.9     646.9     694.8   1,279.3     525.5     365.7     159.8     753.8    6,422.8      6,490.5       6,458.6
      IIr.................................   6,506.2   4,424.8      855.9      -59.6     660.4     720.0   1,285.1     520.1     362.7     157.4     765.0    6,484.6      6,565.8       6,516.5
      IIIr................................   6,574.4   4,481.0      873.8      -74.5     645.3     719.8   1,294.1     521.3     361.2     160.1     772.7    6,552.3      6,648.8       6,587.1
      IVr.................................   6,688.6   4,543.1      911.2      -68.8     678.7     747.5   1,303.2     523.5     361.3     162.2     779.7    6,669.8      6,757.4       6,691.9
                                                                                                                                                                                                
1994:Ir...................................   6,776.0   4,600.9      957.6      -78.8     678.9     757.6   1,296.4     511.3     346.7     164.6     785.0    6,735.9      6,854.8       6,781.0
      IIr.................................   6,890.5   4,666.2    1,016.5      -93.0     707.4     800.4   1,300.8     509.4     349.3     160.0     791.4    6,816.0      6,983.5       6,888.3
      IIIr................................   6,993.1   4,738.3    1,033.6     -107.0     729.2     836.1   1,328.2     523.8     362.3     161.5     804.4    6,928.5      7,100.1       6,987.0
      IVr.................................   7,083.2   4,798.2    1,050.1      -98.7     761.0     859.6   1,333.5     520.9     349.7     171.2     812.6    7,024.6      7,181.9       7,071.4
                                                                                                                                                                                                
1995:Ir...................................   7,149.8   4,840.6    1,072.0     -108.7     776.1     884.8   1,345.8     519.7     347.6     172.1     826.1    7,091.7      7,258.4       7,146.8
      IIr.................................   7,204.9   4,910.5    1,050.3     -115.3     797.3     912.6   1,359.4     522.0     351.7     170.3     837.3    7,170.9      7,320.2       7,202.4
      IIIr................................   7,309.8   4,957.9    1,074.8      -87.6     819.0     906.6   1,364.6     516.8     345.7     171.1     847.7    7,271.5      7,397.3       7,293.4
      IVr.................................   7,350.6   4,990.5    1,064.0      -67.2     837.0     904.2   1,363.4     507.7     337.1     170.6     855.7    7,332.8      7,417.8       7,344.3
                                                                                                                                                                                                
1996:Ir...................................   7,426.8   5,060.5    1,068.9      -86.3     839.5     925.8   1,383.7     518.6     343.9     174.7     865.1    7,428.6      7,513.2       7,426.6
      IIp.................................   7,538.1   5,143.9    1,093.0     -105.0     850.9     955.9   1,406.2     527.7     351.6     176.1     878.5    7,526.8      7,643.1     .........
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    \1\GDP less exports of goods and 
services plus imports of goods and 
services.

    Note.--GDP and related data 
revised beginning 1993 to reflect a 
``limited'' annual revision. The 
revision incorporates: 1995 weights 
in chain-type calculations, 
revisions of balance of payments 
data beginning 1993, and newly-
available Department of Labor data 
on employment, hours, and wages and 
salaries beginning 1994. See August 
1996 Survey of Current Business for 
further details.

    Source: Department of Commerce, 
Bureau of Economic Analysis.