Components of Gross Domestic Product (GDP) 2022

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....

April 14, 2023 · 3 min

Growth and Recession

US Historical Growth and Recession This chart illustrates the US real Gross Domestic Product (GDP) on a quarterly basis from 1947 to 2020. The graph includes shaded vertical bars that represent periods of recession or economic contraction. A recession is defined as negative economic growth for two consecutive quarters, and this definition is also applied to this graph. The most recent instances of a recession were observed during the 2008 financial crisis and the COVID-19 pandemic....

April 14, 2023 · 1 min