Sunday, January 05, 2014

Consumer spending & the US economy

The table below is from W.R. Emmons at the Federal Reserve Bank of St. Louis,  January 2012.
Published here for future reference.

Composition of GDP in the U.S. and Canada
U.S.
Average annual share of GDP (percent)
Consumer expenditure
Investment
Net exports
Government expenditures
1961-70
61.8
20.5
0.6
17.1
1971-80
62.5
20.6
–0.3
17.2
1981-90
64.6
20.3
–1.9
17.0
1991-2000
67.3
18.9
–1.5
15.3
2001-10
70.0
18.6
–4.5
15.9
Canada
Average annual share of GDP (percent)
Consumer expenditure
Investment
Net exports
Government expenditures
1961-70
58.8
23.3
0.7
17.1
1971-80
54.4
23.8
0.5
21.2
1981-90
54.9
21.5
1.7
21.7
1991-2000
57.6
19.2
2.1
21.2
2001-10
56.4
21.4
2.4
19.8
Differences: U.S. minus Canada
Average annual share of GDP (percent)
Consumer expenditure
Investment
Net exports
Government expenditures
1961-70
3.0
–2.8
–0.1
0.0
1971-80
8.1
–3.2
–0.7
–4.0
1981-90
9.7
–1.2
–3.6
–4.8
1991-2000
9.7
–0.2
–3.6
–5.8
2001-10
13.6
–2.8
–6.9
–3.9
SOURCE: Organisation for Economic Co-operation and Development.