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Thursday, January 26, 2017

Gross Domestic Product from 1970 to 3rd Quarter 2016

There are four components in the Gross Domestic Product (GDP): Personal Consumption Expenditures, Gross Private Domestic Investments, Government Spending and Net Exports of goods and services. The share of personal consumption expenditures is more than 60% and its share in the GDP has been gradually increasing.  The next biggest share in the GDP is the government spending and its share is approximately less than 20% and its share has been gradually declining over the time. The share of private domestic investments is about 17% of the GDP and its share has been pretty stable. The net exports of goods and services take approximately 3-4% in the GDP and its share in the GDP was increasing during the 1990s and 2000s, but it has been declining since the great recession.