US Economic Indicators: GDP (Nominal & Real)

Transcription

1 US Economic Indicators: GDP (Nominal & Real) July 9, Dr. Edward Yardeni Debbie Johnson 8-- Mali Quintana 8-- Please visit our sites at www. blog. thinking outside the box

2 Table Of Contents Table Of Contents GDP Levels: Nominal & Real GDP Growth Rates: Nominal & Real GDP ex-government GDP & GNP GDP Components 7 Equipment & Intellectual Property 8 Real US Consumer Spending 9 Real Capital Spending - Real Inventories Real Trade Exports & Imports - Real Government Contributions to GDP Growth 7-9 Ratios July 9, / US Economic Indicators: GDP (Nominal & Real) www.

3 Figure. NOMINAL GDP (trillions dollars, saar, ratio scale) GDP Levels: Nominal & Real Figure. REAL GDP (trillion 9 dollars, saar, ratio scale) Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

4 Figure. GDP Growth Rates: Nominal & Real US NOMINAL GDP Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Figure. REAL GDP GROWTH & % "STALL SPEED" Total (.) Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

5 GDP ex-government 7. Figure. REAL GDP WITH & WITHOUT GOVERNMENT SPENDING (trillion 9 dollars, saar) Real GDP.. Real GDP excluding Total Government Spending Figure. REAL GDP WITH & WITHOUT GOVERNMENT SPENDING Real GDP (.) Real GDP excluding Total Government Spending (.) 9 Source: Bureau of Economic Analysis Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

6 GDP & GNP Figure 7. REAL GDP & FINAL SALES Real GDP (.) Real Final Sales to Domestic Purchasers (.) Source: Bureau of Economic Analysis. - - Figure 8. REAL GDP Real GDP (.) Real GNP (.) Source: Bureau of Economic Analysis. - Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

7 9 8 7 Figure 9. PERSONAL CONSUMPTION EXPENDITURES (billion 9 dollars, saar) Total GDP Components PRIVATE NONRESIDENTIAL INVESTMENT Equipment Intellectual Property Products PERSONAL CONSUMPTION EXPENDITURES NONRESIDENTIAL INVESTMENT: STRUCTURES Total Goods Total Structures PERSONAL CONSUMPTION EXPENDITURES Services TRADE Exports Imports PRIVATE RESIDENTIAL INVESTMENT GOVERNMENT SPENDING 8 8 Federal State & Local Page 7 / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

8 Equipment & Intellectual Property Figure. PRIVATE NONRESIDENTIAL INVESTMENT (billion 9 dollars, saar) 8 7 Information Processing & Equipment Intellectural Property Products Industrial Equipment Software Transportation Equipment Research & Development Other Equipment Entertainment, Literary & Artistic Originals Page 8 / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

9 7 Figure. Real US Consumer Spending PERSONAL CONSUMPTION EXPENDITURES IN REAL GDP Total May May Durables Nondurables Services May Page 9 / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

10 Figure. Real Capital Spending PRIVATE NONRESIDENTIAL FIXED INVESTMENT IN REAL GDP Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Figure. NONRESIDENTIAL FIXED INVESTMENT IN REAL GDP Equipment Structures Intellectual Property Products Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

11 Figure. Real Capital Spending NONRESIDENTIAL FIXED INVESTMENT IN REAL GDP Intellectual Property Products: Software Research & Development Entertainment, Literary & Artistic Origins Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

12 Figure. INVENTORY INVESTMENT IN REAL GDP (billion 9 dollars, saar) MANUFACTURING WHOLESALE RETAIL EX AUTOS RETAIL AUTOS Real Inventories Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

13 Figure. Real Trade NET EXPORTS OF GOODS & SERVICES IN REAL GDP (billion dollars, saar) Figure 7. EXPORTS & IMPORTS OF GOODS & SERVICES IN REAL GDP Exports Imports Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

14 8 Figure 8. Exports & Imports US: EXPORTS & IMPORTS OF GOODS & SERVICES IN REAL GDP (billions of 9 dollars, saar) 8 Imports Exports Source: Bureau of Economic Analysis. 8 Figure 9. TRADE DEFICIT (billion dollars, saar) Total - -8 Ex Petroleum & Crude Oil Jun Source: US Department of Commerce, Bureau of the Census. - Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

15 8 7 Figure. EXPORTS (billion dollars, saar) Exports & Imports 8 7 Jun Total Ex Petroleum & Crude Oil Source: US Department of Commerce, Bureau of the Census Figure. IMPORTS (billion dollars, saar) Total Ex Petroleum & Crude Oil Source: US Department of Commerce, Bureau of the Census. Jun Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

16 Figure. TOTAL GOVERNMENT SPENDING IN REAL GDP Real Government Total (.9) FEDERAL GOVERNMENT SPENDING - Federal (.7) STATE & LOCAL GOVERNMENT SPENDING - State & Local (.) Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

17 Contributions to GDP Growth Figure. REAL PERSONAL CONSUMPTION EXPENDITURES: (contribution to real GDP change) Total (.8) Durable Goods (.) Nondurable Goods (.9) Services (.) Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Source: Bureau of Economic Analysis. - Page 7 / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

18 Figure. Contributions to GDP Growth REAL RESIDENTIAL INVESTMENT (contribution to real GDP change) Total (-.) Nonresidential Investment (-.) Structures (-.) Equipment & Software (-.) Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Source: Bureau of Economic Analysis. Change In Nonfarm Inventories (-.) Page 8 / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

19 8 - - Figure. Contributions to GDP Growth NET EXPORT OF GOODS & SERVICES (contribution to real GDP change) Total (.) Exports of Goods & Services (.) Imports of Goods & Services (.) Federal Government Spending (.) State & Local Government Spending (-.) Note: Shaded areas denote recessions according to the National Bureau of Economic Research. Source: Bureau of Economic Analysis. Page 9 / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

20 7 Figure. Ratios NOMINAL PERSONAL CONSUMPTION EXPENDITURES (as a percent of nominal GDP) Figure 7. REVENUES & EXPENDITURES 8 Federal Revenues (as a percent of nominal GDP) Federal Expenditures (as a percent of nominal GDP) 8 Q Page / July 9, / US Economic Indicators: GDP (Nominal & Real) www.

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