1954:II-1957:III

[1955:IV=100]

Line Current-dollar levels Chain-type annual-weighted indexes Change in chain-type annual-weighted indexes Dollar-denominated levels Average annual rate of change Contribution to change in GDP, 1955:IV=100 (percent)
1955:IV 1954:II 1955:IV 1957:II 1954:II to 1955:IV 1955:IV to 1957:III 1954:II 1957:III
1 Gross domestic product 426.4 29.6 32.5 33.5 0.9 1.0 388.2 439.7 3.9 100.0
2 Personal consumption expenditures 265.6 27.2 30.1 31.1 .9 1.0 240.4 275.0 4.2 67.2
3 Durable goods 39.6 17.1 21.4 20.1 .8 .9 31.8 37.2 5.0 10.5
4 Nondurable goods 127.5 39.1 42.4 44.0 .9 1.0 117.5 132.5 3.8 29.1
5 Services 98.4 22.6 24.4 26.2 .9 1.1 91.2 105.4 4.6 27.6
6 Gross private domestic investment 73.7 25.5 34.4 32.3 .7 .9 54.8 69.2 7.5 28.1
7 Fixed investment 66.6 28.3 33.4 32.5 .8 1.0 56.6 65.0 4.4 16.3
8 Nonresidential 42.5 23.1 27.5 28.1 .8 1.0 35.6 43.4 6.3 15.2
9 Structures 16.2 44.7 49.7 52.8 .9 1.1 14.6 17.2 5.2 5.1
10 Producers' durable equipment 26.3 15.9 19.8 19.8 .8 1.0 21.0 26.3 7.0 10.1
11 Residential 24.2 44.3 51.1 45.3 .9 .9 21.0 21.4 .6 .9
12 Change in business inventories/1/ 7.1
13 Exports of goods and services 18.3 9.6 10.5 12.7 .9 1.2 16.6 22.1 9.2 10.7
14 Goods 14.9 10.3 11.1 13.5 .9 1.2 13.9 18.2 8.8 8.5
15 Services 3.3 6.7 8.0 9.5 .8 1.2 2.8 3.9 11.2 2.2
16 Imports of goods and services 18.1 11.4 12.8 13.7 .9 1.1 16.1 19.2 5.6 -6.0
17 Goods 12.5 9.2 10.4 10.6 .9 1.0 11.1 12.7 4.5 -3.3
18 Services 5.6 20.8 23.1 26.6 .9 1.2 5.1 6.5 7.9 -2.8
19 Government consumption expenditures and gross investment 86.9 44.7 42.1 44.8 1.1 1.1 92.4 92.5 0 .2
20 Federal 54.4 69.8 60.4 63.4 1.2 1.0 62.8 57.1 -2.9 -11.1
21 National defense 46.7 87.6 74.6 80.9 1.2 1.1 54.9 50.7 -2.4 -8.2
22 Defense 7.7 30.6 29.4 24.7 1.0 .8 8.0 6.5 -6.3 -3.0
23 State and local 32.5 26.1 28.7 31.2 .9 1.1 29.7 35.4 5.6 11.1
24 Residual (line 1 less lines 2, 6, 13, 16, 19)/1/ .1 .1 -.1

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 this note (though the value is included in gross private domestic investment). Because no separate values for CBI are constructed in this note, 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.