[Economic Indicators May, 1997]
[Page Number 2]
[From the U.S. Government Publishing Office, www.gpo.gov]


IMPLICIT PRICE DEFLATORS FOR GROSS DOMESTIC PRODUCT

                                            [Index numbers, 1992=100; quarterly data are seasonally adjusted]                                           
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                                      Personal consumption  expenditures      Gross private     Exports and imports  Government consumption expenditures
                                    --------------------------------------      domestic           of  goods and             and gross investment       
                             Gross                                             investment            services       ------------------------------------
          Period           domestic                    Nondura-           ------------------------------------------           Federal                  
                            product   Total   Durable     ble    Services  Nonresi-  Residen-                       ----------------------------  State 
                                               goods     goods              dential     tial    Exports    Imports            National    Non-     and  
                                                                             fixed     fixed                          Total    defense  defense   local 
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1988.....................     86.09    84.32    93.28     84.83     82.16     93.74     92.06      96.00      95.35    87.18     87.30    86.75    87.52
1989.....................     89.72    88.44    95.29     89.28     86.55     96.16     95.08      97.91      97.81    89.79     89.79    89.70    90.52
1990.....................     93.60    92.91    96.59     94.62     91.22     98.41     97.80      98.74     100.37    92.93     92.93    92.84    94.91
1991.....................     97.32    96.82    98.54     98.06     95.78     99.92     98.85     100.31     100.02    96.88     96.47    97.94    97.86
1992.....................    100.00   100.00   100.00    100.00    100.00    100.00    100.00     100.00     100.00   100.00    100.00   100.00   100.00
1993.....................    102.61   102.64   101.25    101.49    103.56    100.87    103.73      99.94      98.67   102.63    102.07   103.98   102.13
1994.....................    104.95   105.09   103.37    102.82    106.70    102.32    106.99     101.00      99.49   105.43    104.47   107.67   103.62
1995.....................    107.59   107.58   104.58    104.50    109.92    103.39    110.28     104.12     102.16   109.38    108.11   112.29   106.74
1996.....................    109.69   109.82   103.39    107.15    112.73    103.16    112.18     103.55     101.53   111.97    110.57   115.15   109.83
                                                                                                                                                        
1993:I...................    101.84   101.82   100.46    101.29    102.39    100.49    102.32      99.96      98.82   101.81    101.12   103.46   101.65
      II.................    102.36   102.45   101.08    101.46    103.28    100.80    103.58     100.06      99.39   102.05    101.63   103.06   102.17
      III................    102.83   102.79   101.49    101.28    103.88    101.02    104.28      99.98      98.38   103.05    102.72   103.87   102.25
      IV.................    103.40   103.49   101.93    101.93    104.67    101.14    104.67      98.78      98.13   103.65    102.85   105.53   102.42
                                                                                                                                                        
1994:I...................    104.11   104.08   102.37    101.95    105.61    101.63    105.67     100.18      97.51   104.37    103.55   106.29   102.93
      II.................    104.60   104.65   103.19    102.36    106.22    102.19    106.23     100.61      98.77   105.39    104.14   108.28   103.21
      III................    105.24   105.54   103.94    103.33    107.10    102.73    107.42     101.34     100.59   105.47    104.65   107.38   103.84
      IV.................    105.83   106.06   103.95    103.61    107.85    102.68    108.60     101.79     100.91   106.49    105.54   108.73   104.49
                                                                                                                                                        
1995:I...................    106.71   106.74   104.68    103.87    108.76    102.71    109.20     103.16     101.13   108.05    106.94   110.62   105.62
      II.................    107.33   107.45   104.83    104.48    109.65    103.37    109.90     104.47     103.17   108.91    108.06   110.92   106.49
      III................    107.88   107.84   104.54    104.67    110.31    103.80    110.70     104.61     102.50   109.37    108.34   111.79   107.11
      IV.................    108.41   108.27   104.30    104.99    110.93    103.64    111.31     104.22     101.82   111.30    109.17   116.02   107.72
                                                                                                                                                        
1996:I...................    109.00   108.85   104.34    105.99    111.42    103.43    111.28     104.06     101.66   112.03    110.25   116.00   109.15
      II.................    109.47   109.64   103.57    107.21    112.34    103.10    111.62     103.93     101.78   111.86    110.75   114.42   109.15
      III................    109.93   110.06   103.08    107.23    113.17    103.28    112.53     103.46     101.15   111.98    110.76   114.80   110.11
      IV.................    110.34   110.73   102.59    108.16    113.98    102.85    113.28     102.79     101.53   112.01    110.52   115.39   110.89
                                                                                                                                                        
1997:I r.................    110.94   111.22   101.91    108.79    114.72    102.16    113.53     102.12      99.87   113.32    111.70   116.90   111.53
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    Source: Department of Commerce, 
Bureau of Economic Analysis.