The components of US Gross Domestic Product (GDP) for the year 2024

Table: US GDP measured by components of demand for the year 2024

Component Amount (trillions of $) Percent Pie chart percent
Consumption 19.928167 67.89% 52.90%
Investment 5.347692 18.22% 14.20%
Government 5.032578 17.14% 13.36%
Exports 3.204134 10.92% 8.51%
Imports 4.15825 -14.17% 11.04%
Total GDP 29.354321 100.00% 100.00%

The components of US Gross Domestic Product (GDP) for the year 2023

The pie chart and table present recent data about the four different components of the United States' Gross Domestic Product (GDP), including their corresponding amounts and percentages. Examining the table, we can see that the total GDP of the United States in Q4 of 2022 was valued at 26.14 trillion US dollars. Consumption was the biggest contributor to the GDP, amounting to 17.74 trillion US dollars, which makes up 67.91% of the total GDP. Investment followed next, contributing 4.66 trillion US dollars, which accounts for 17.87% of the GDP, while the government contributed 4.57 trillion US dollars, representing 17.50% of the GDP. Exports contributed 2.98 trillion US dollars, which is 11.43% of the total GDP, and imports contributed 3.84 trillion US dollars, making up 14.71% of the total GDP.

The following table is based on latest information that was made public by The U.S. Bureau of Economic Analysis (BEA) on March 30, 2023, which is cited as the source for the analysis.

Table: US GDP measured by components of demand for the year 2023

Component Amount (trillions of $) Percent Pie chart percent
Consumption 17.7499 67.91% 52.47%
Investment 4.6698 17.87% 13.80%
Government 4.5754 17.50% 13.53%
Exports 2.9883 11.43% 8.83%
Imports 3.8454 -14.71% 11.37%
Total GDP 26.138 100.00% 100.00%

The components of US Gross Domestic Product (GDP) for the year 2020

GDP is divided into four parts: Consumption, Investment, Government Purchase, and Net Export. Net export is export minus import. These four parts are various forms of spending on domestically produced goods and services. The table shows the dollar value of components of the GDP and their percentage of the total. The table provides a percentage value of total for different components, where the share of import is subtracted. The pie chart only represents the comparative size of components of the GDP and discards negative sign of import.

Table: US GDP measured by components of demand for the year 2020

Components Amount (trillions of $) Percent Pie chart percent
Consumption $14.15 67.59% 53.43%
Investment $3.60 17.20% 13.60%
Government $3.83 18.30% 14.47%
Exports $2.13 10.16% 8.03%
Imports ($2.77) -13.24% 10.47%
Total GDP $20.93 100.00% 100.00%

US Demand from Consumption, Investment and Government Purchase from the year 1929 to 2020

China

China: GDP measured by components of demand for the year 2017

This shows the different component of GDP by percentage.

India

India: GDP measured by components of demand for the year 2017

This shows the different component of GDP by percentage.

Nepal

Table: Nepl’s GDP measured by components of demand for the year 2019/20

Components Amount (Rs. Billions) Percent
Consumption 2,650.1 70.4%
Investment 1,889.3 50.2%
Government 434.9 11.5%
Exports 301.7 8.0%
Imports -1,509.0 -40.1%
Total GDP 3767.043 100.0%

Nepal: GDP measured by components of demand for the year 2019/20

This shows the different component of GDP by percentage.

Nepal: Demand from consumption, investment and government

References

https://www.bea.gov/sites/default/files/2023-03/gdp4q22_3rd_0.pdf
U.S. Department of Commerce: Bureau of Economic Analysis.
Federal Reserve Bank of St. Louis, One Federal Reserve Bank
Government of Nepal, National Planning Commission, Central Bureau Of Statistics
Khan Academy
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