I began this post to illustrate that Equipment and Software is a strong contributor to measured GDP growth in the United States. Overall on par with the 90s. Indeed, the record was hit during this recovery.

FRED Graph

And this is in terms of percentage point contribution to GDP growth. So if GDP growth was 3% and E&S contributed 1% then 1/3 of the growth in the US economy would be attributable to E&S.

However, since I already had FRED open I thought I would give some other major contributors by way of comparison.

This is residential investment.

FRED Graph

This is non-residential structures

FRED Graph

This is personal consumption

FRED Graph

This is government

FRED Graph

This is net exports

FRED Graph

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