[Economic Indicators May, 1998]
[Page Number 1]
[From the U.S. Government Publishing Office, www.gpo.gov]



 
TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the first quarter of 1998, according to revised estimates, current-
dollar gross domestic product (GDP) rose 5.8 percent (annual rate), real 
GDP (GDP in chained 1992 dollars) rose 4.8 percent, and the implicit 
price deflator rose 1.0 percent.
  ______________________________________________________________________


  ______________________________________________________________________

                                                        [Billions of current dollars; quarterly data at seasonally adjusted annual rates]                                                       
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                               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                                       
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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
1993......................................   6,558.1   4,459.2      876.2      -60.7     658.6     719.3   1,283.4     518.3     360.7     157.7     765.0    6,537.6      6,618.8       6,576.8
1994......................................   6,947.0   4,717.0    1,007.9      -90.9     721.2     812.1   1,313.0     510.2     349.2     161.0     802.8    6,885.7      7,037.9       6,955.2
1995......................................   7,265.4   4,957.7    1,038.2      -86.0     818.4     904.5   1,355.5     509.6     344.6     165.0     846.0    7,235.3      7,351.4       7,270.6
1996......................................   7,636.0   5,207.6    1,116.5      -94.8     870.9     965.7   1,406.7     520.0     352.8     167.3     886.7    7,610.2      7,730.9       7,637.7
1997......................................   8,079.9   5,485.8    1,242.5     -101.1     957.1   1,058.1   1,452.7     523.8     350.3     173.5     928.9    8,011.5      8,181.0       8,060.1
                                                                                                                                                                                                
1994:I....................................   6,794.3   4,616.6      963.4      -76.6     678.5     755.1   1,291.0     506.9     344.9     162.0     784.1    6,741.9      6,870.9       6,811.2
      II..................................   6,911.4   4,680.5    1,017.9      -87.9     710.1     797.9   1,300.8     505.3     348.5     156.8     795.5    6,835.1      6,999.2       6,920.3
      III.................................   6,986.5   4,750.6    1,007.1     -103.4     732.6     836.0   1,332.3     520.4     359.7     160.7     811.9    6,936.3      7,090.0       6,992.3
      IV..................................   7,095.7   4,820.2    1,043.1      -95.6     763.7     859.2   1,328.0     508.3     343.6     164.7     819.6    7,029.6      7,191.3       7,096.8
                                                                                                                                                                                                
1995:I....................................   7,168.9   4,871.7    1,050.8      -98.3     784.5     882.8   1,344.7     513.6     346.3     167.3     831.1    7,116.8      7,267.2       7,175.1
      II..................................   7,209.5   4,934.8    1,024.0     -105.4     807.7     913.1   1,356.0     511.2     348.1     163.0     844.8    7,185.0      7,314.8       7,220.6
      III.................................   7,301.3   4,990.6    1,028.8      -80.4     831.6     912.0   1,362.2     512.9     347.3     165.5     849.3    7,281.8      7,381.7       7,298.3
      IV..................................   7,381.9   5,033.8    1,049.1      -60.1     849.9     909.9   1,359.2     500.6     336.5     164.1     858.6    7,357.4      7,442.0       7,388.5
                                                                                                                                                                                                
1996:I....................................   7,467.5   5,105.8    1,060.5      -83.0     850.2     933.2   1,384.2     516.4     348.4     168.0     867.8    7,456.4      7,550.5       7,475.3
      II..................................   7,607.7   5,189.1    1,105.4      -93.8     865.0     958.7   1,407.0     524.6     357.3     167.3     882.4    7,584.3      7,701.5       7,610.5
      III.................................   7,676.0   5,227.4    1,149.2     -114.0     863.7     977.6   1,413.5     521.6     354.8     166.8     891.9    7,638.9      7,790.0       7,669.1
      IV..................................   7,792.9   5,308.1    1,151.1      -88.6     904.6     993.2   1,422.3     517.6     350.6     167.0     904.7    7,761.0      7,881.5       7,796.1
                                                                                                                                                                                                
1997:I....................................   7,933.6   5,405.7    1,193.6      -98.8     922.2   1,021.0   1,433.1     516.1     343.3     172.8     917.0    7,867.4      8,032.4       7,919.2
      II..................................   8,034.3   5,432.1    1,242.0      -88.7     960.3   1,049.0   1,449.0     526.1     350.6     175.5     923.0    7,953.2      8,123.1       8,013.6
      III.................................   8,124.3   5,527.4    1,250.2     -111.3     965.8   1,077.1   1,457.9     525.7     352.1     173.6     932.3    8,075.3      8,235.6       8,103.5
      IV..................................   8,227.4   5,577.8    1,284.1     -105.3     980.0   1,085.4   1,470.9     527.3     355.2     172.0     943.6    8,150.2      8,332.7       8,204.2
                                                                                                                                                                                                
1998:I r..................................   8,344.9   5,666.5    1,352.1     -136.8     960.4   1,097.2   1,463.1     515.3     339.3     176.0     947.7    8,241.3      8,481.7       8,322.1
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

    \1\ GDP less exports of goods 
and services plus imports of goods 
and services.
    Source: Department of Commerce, 
Bureau of Economic Analysis.