Table 3.—Component Contributions to Real GDP Growth Over Expansions, Calculated Using Chain-Type Annual-Weighted Indexes

Line 1949:IV-1953:II (1951:III=100) 1954:II-1957:III (1955:IV=100) 1958:I-1960:I (1959:I=100) 1960:IV-1969:III (1965:I=100) 1970:IV-1973:IV (1972:II=100) 1975:I-1980:II (1977:III=100) 1982:III-1990:II (1986:III=100) 1991:I-1996:IV (1993:III=100)
1 Gross domestic product 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
2 Personal consumption expenditures 36.6 67.2 46.7 60.6 56.2 57.0 65.4 68.6
3 Durable goods 4.8 10.5 9.4 13.0 18.3 10.9 15.0 16.7
4 Nondurable goods 16.5 29.1 15.9 20.0 13.4 18.6 14.7 15.4
5 Services 15.3 27.6 21.4 27.7 24.5 27.2 35.5 36.4
6 Gross private domestic investment 22.0 28.1 43.5 23.6 40.4 35.4 18.4 37.4
7 Fixed investment 10.0 16.3 20.1 18.3 25.9 29.5 15.3 33.8
8 Nonresidential 8.8 15.2 8.1 15.0 18.8 22.3 9.3 24.5
9 Structures 3.8 5.1 1.5 3.8 3.0 6.9 .3 .8
10 Producers' durable equipment 5.0 10.1 6.3 11.2 15.8 15.3 9.0 23.5
11 Residential 1.2 .9 11.9 3.3 7.4 7.7 6.3 9.5
12 Change in business inventories/1/
13 Exports of goods and services 1.8 10.7 5.8 6.2 12.0 14.9 18.1 29.6
14 Goods 1.1 8.5 4.5 4.5 10.4 12.7 13.4 24.1
15 Services .6 2.2 1.3 1.7 1.6 2.2 4.7 5.6
16 Imports of goods and services -7.6 6.0 -6.2 -9.1 -6.5 -15.6 -20.2 -36.6
17 Goods -4.2 3.3 -5.1 -7.6 -7.3 -14.5 -16.2 -34.4
18 Services -3.3 2.8 -1.1 -1.5 .8 -1.1 -4.0 -2.1
19 Government consumption expenditures and gross investment 47.1 .2 10.9 18.4 -3.0 8.0 18.8 1.1
20 Federal 44.5 -11.1 5.7 7.6 -9.4 3.1 7.5 -8.9
21 National defense 43.8 -8.2 1.2 5.4 -10.9 1.0 5.5 -10.4
22 Defense .7 -3.0 4.5 2.2 1.4 2.1 1.9 1.5
23 State and local 2.4 11.1 5.2 10.8 6.3 4.9 11.3 10.0
24 Residual (line 1 less lines 2, 6, 13, 16, 19)/1/ .1 -12.2 -.7 .2 .9 .4 -.5 -.2

1. Because change in business inventories (CBI) is the difference between two inventory series and can be either positive or negative, chain-type indexes cannot be constructed for it. Without a separate index, chained-dollars for CBI were not constructed using the method described in the note acccompanying this article (though the value is included in gross private domestic investment). Because no separate values for CBI are constructed in this table, the residual can be calculated only at the major component level. In the NIPA's, chained (1992) dollar values for CBI are calculated from inventory stock series that have been derived using the same chain-type formula that is used to calculate other aggregates.