us consumer spending as a percentage of gdp
Consumer spending In 1929, consumer spending was 75% of the nation's economy. This grew to 83% in 1932, when business spending dropped. Consumer spending dropped to about 50% during World War II due to large expenditures by the government and lack of consumer products. Consumer spending in the US rose from about 62% of GDP in 1960, where it stayed until about 1981, and has since risen to 71% in 2013.[2]
Economy of the United States The United States is the world's second-largest manufacturer, with a 2013 industrial output of US$2.4Â trillion. Its manufacturing output is greater than of Germany, France, India, and Brazil combined.[266] Its main industries include petroleum, steel, automobiles, construction machinery, aerospace, agricultural machinery, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, and mining.