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GDP TYPE COMPARE to 2009

Graphs, Charts

From USA Data

 

 

GDP TYPE COMPARE to 2009
that affect US Industry

GDP TYPE COMPARE to 2009

Sources:  BEA (US Bureau of Analysis)

FORWARD

This report compares the major types of items that make up GDP - as defined by the US statistic group BEA (US Bureau if Analysis).  These major items are Durable Goods, Nondurable Goods, Services, and Structures.  And since we use pie charts, it of course means we are purposely comparing percentages of the total rather than the subtotals themselves.

SUMMARY

The largest issues that are obvious to me is that in comparing 3 years, 1929, 1950 and 1980 to 2009, it is clear that in each case goods are dropping and service is increasing.  One surprise perhaps is that if we compared 1929 to 1950 the US actually had more services percentage wise in 1929 and fewer goods than in 1950.  This of course could be due to WW2 and the technical knowledge gained around 1950 with automobiles, airplanes, and even electronics - or at least that would be my guess, while 1929 the industrial revolution had just gotten started.  Now in 1980, services were already high and goods lower, which was a surprise to me.  But if we compare the biggest change of these 3 items, 1950 to 2009, the drop in goods and the increase in service is quite huge.

View other data or data source links by returning to the main data index page HERE.

 

 

Comparing GDP data in 1929 to 2009 shows goods dropping from 50% of GDP to 26%, almost a drop in half

Comparing GDP services in 1929 to 2009 shows a growth from 38% to 66%  a 42% increase in Service

Comparing GDP data in 1950 to 2009 shows goods dropping from 72% of GDP to 26%, a 63% fall

Comparing GDP services in 1950 to 2009 shows a growth from 14% to 66%  a 371% increase in Service

 

Comparing GDP data in 1980 to 2009 shows goods dropping from 37% of GDP to 26%, almost a 30% fall

Comparing GDP services in 1980 to 2009 shows a growth from 51% to 66%  about a 30% increase in Service