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Gross Domestic Product, by Component, 1947-2016 [JSON] [iframe] [PNG]

Chart uploaded on March 1, 2017.

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Last night, President Donald Trump mentioned the US Trade Deficit. While it does exist, and has increased significantly since the early 1970s, the truth is that the US Trade Deficit is only a minor drag on the gross domestic product, only a few percent off of a massive economy that is continuing to grow at a significant rate.

Data Sources:
U.S. Bureau of Economic Analysis, Personal Consumption Expenditures [PCEC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCEC, March 1, 2017.
U.S. Bureau of Economic Analysis, Gross Private Domestic Investment [GPDI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GPDI, March 1, 2017.
U.S. Bureau of Economic Analysis, Government Consumption Expenditures and Gross Investment [GCE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/GCE, March 1, 2017.
U.S. Bureau of Economic Analysis, Net Exports of Goods and Services [NETEXP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/NETEXP, March 1, 2017.

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