After reading an article at FT Alphaville on Gross Domestic Income, it reminded me of articles I have written on Gross Domestic Purchases, and so I decided to post again.
This time, I have quarterly data going back to 1947, and I post it all here:
| Quarter | Real GD Product | Effect of net imports | Real GD Purchases | GD Product IPD | Effect of net imports | GD Purchases IPD | Nominal GD Product | Effect of net imports | Nominal GD Puchases |
| 1947-II | (0.60) | 0.71 | - | 6.00 | (1.45) | 4.80 | 5.36 | (0.75) | 4.80 |
| 1947-III | (0.30) | 0.17 | (0.30) | 6.90 | (1.04) | 6.30 | 6.58 | (0.87) | 5.98 |
| 1947-IV | 6.20 | 4.33 | 11.20 | 8.40 | (0.47) | 8.60 | 15.12 | 3.84 | 20.76 |
| 1948-I | 6.50 | 3.06 | 9.90 | 4.60 | (0.06) | 5.00 | 11.40 | 3.00 | 15.40 |
| 1948-II | 7.50 | 3.07 | 11.00 | 4.50 | 0.04 | 4.90 | 12.34 | 3.11 | 16.44 |
| 1948-III | 2.20 | 0.33 | 2.40 | 7.30 | 0.04 | 7.70 | 9.66 | 0.37 | 10.28 |
| 1948-IV | 0.60 | 0.60 | 1.20 | (0.10) | 0.09 | - | 0.50 | 0.69 | 1.20 |
| 1949-I | (5.50) | (2.91) | (8.40) | (1.10) | 0.12 | (1.10) | (6.54) | (2.79) | (9.41) |
| 1949-II | (1.40) | (0.03) | (1.50) | (2.50) | 0.35 | (2.30) | (3.86) | 0.32 | (3.77) |
| 1949-III | 4.60 | 1.34 | 6.10 | (3.30) | 0.36 | (3.10) | 1.15 | 1.70 | 2.81 |
| 1949-IV | (3.70) | 2.92 | (0.80) | (0.10) | 0.33 | 0.20 | (3.80) | 3.26 | (0.60) |
| 1950-I | 17.20 | 0.58 | 18.10 | (1.50) | 0.63 | (0.90) | 15.44 | 1.21 | 17.04 |
| 1950-II | 12.70 | 0.50 | 13.40 | 1.70 | 0.30 | 1.90 | 14.62 | 0.80 | 15.55 |
| 1950-III | 16.60 | 2.83 | 20.10 | 8.40 | 0.35 | 8.80 | 26.39 | 3.19 | 30.67 |
| 1950-IV | 7.20 | (1.27) | 5.90 | 7.00 | 0.47 | 7.40 | 14.70 | (0.81) | 13.74 |
| 1951-I | 5.10 | (0.82) | 4.30 | 14.50 | 0.27 | 14.90 | 20.34 | (0.55) | 19.84 |
| 1951-II | 6.80 | (2.38) | 4.30 | 2.30 | 0.18 | 2.60 | 9.26 | (2.20) | 7.01 |
| 1951-III | 8.20 | (2.00) | 6.10 | 1.30 | (0.18) | 1.20 | 9.61 | (2.18) | 7.37 |
| 1951-IV | 0.70 | (0.15) | 0.50 | 5.30 | (0.38) | 5.00 | 6.04 | (0.53) | 5.52 |
| 1952-I | 4.10 | 0.78 | 4.90 | 0.40 | (0.24) | 0.30 | 4.52 | 0.54 | 5.21 |
| 1952-II | 0.40 | 2.28 | 2.70 | 1.70 | (0.27) | 1.50 | 2.11 | 2.00 | 4.24 |
| 1952-III | 2.70 | 2.47 | 5.30 | 3.00 | (0.27) | 2.80 | 5.78 | 2.19 | 8.25 |
| 1952-IV | 13.90 | 1.31 | 15.40 | 1.40 | (0.23) | 1.10 | 15.49 | 1.08 | 16.67 |
| 1953-I | 7.70 | (0.25) | 7.50 | 0.30 | (0.13) | 0.10 | 8.02 | (0.38) | 7.61 |
| 1953-II | 3.10 | 0.72 | 3.80 | 0.90 | (0.09) | 0.80 | 4.03 | 0.63 | 4.63 |
| 1953-III | (2.40) | (0.69) | (3.10) | 1.30 | (0.03) | 1.30 | (1.13) | (0.72) | (1.84) |
| 1953-IV | (6.20) | (0.25) | (6.50) | 1.30 | 0.03 | 1.40 | (4.98) | (0.22) | (5.19) |
| 1954-I | (1.90) | (0.14) | (2.10) | 1.70 | 0.16 | 2.00 | (0.23) | 0.02 | (0.14) |
| 1954-II | 0.50 | (0.69) | (0.30) | 0.60 | 0.02 | 0.80 | 1.10 | (0.67) | 0.50 |
| 1954-III | 4.60 | (0.37) | 4.10 | (0.20) | 0.04 | (0.10) | 4.39 | (0.33) | 4.00 |
| 1954-IV | 8.30 | (0.49) | 7.60 | 0.50 | (0.10) | 0.50 | 8.84 | (0.59) | 8.14 |
| 1955-I | 12.00 | 0.41 | 12.40 | 1.60 | (0.39) | 1.30 | 13.79 | 0.02 | 13.86 |
| 1955-II | 6.80 | 1.42 | 8.20 | 2.20 | (0.17) | 2.10 | 9.15 | 1.25 | 10.47 |
| 1955-III | 5.50 | (0.71) | 4.60 | 2.90 | (0.15) | 2.90 | 8.56 | (0.86) | 7.63 |
| 1955-IV | 2.20 | 0.58 | 2.80 | 2.70 | (0.14) | 2.60 | 4.96 | 0.44 | 5.47 |
| 1956-I | (1.80) | (0.07) | (1.90) | 4.00 | (0.14) | 3.90 | 2.13 | (0.21) | 1.93 |
| 1956-II | 3.20 | (1.28) | 1.80 | 3.80 | (0.11) | 3.80 | 7.12 | (1.39) | 5.67 |
| 1956-III | (0.50) | (0.44) | (1.00) | 4.60 | (0.17) | 4.50 | 4.08 | (0.61) | 3.46 |
| 1956-IV | 6.70 | (1.68) | 4.90 | 2.40 | (0.09) | 2.40 | 9.26 | (1.77) | 7.42 |
| 1957-I | 2.50 | 0.01 | 2.50 | 4.80 | (0.26) | 4.60 | 7.42 | (0.25) | 7.22 |
| 1957-II | (1.00) | 0.82 | (0.20) | 2.80 | (0.18) | 2.60 | 1.77 | 0.64 | 2.39 |
| 1957-III | 3.90 | 0.26 | 4.20 | 3.20 | (0.19) | 3.00 | 7.22 | 0.07 | 7.33 |
| 1957-IV | (4.10) | 0.63 | (3.50) | 2.20 | (0.15) | 2.00 | (1.99) | 0.48 | (1.57) |
| 1958-I | (10.40) | 2.11 | (8.40) | 3.40 | (0.22) | 3.20 | (7.35) | 1.89 | (5.47) |
| 1958-II | 2.50 | 0.65 | 3.10 | 1.70 | (0.13) | 1.60 | 4.24 | 0.52 | 4.75 |
| 1958-III | 9.70 | (0.29) | 9.40 | 1.00 | (0.07) | 1.00 | 10.80 | (0.36) | 10.49 |
| 1958-IV | 9.70 | 1.00 | 10.70 | 0.40 | (0.07) | 0.40 | 10.14 | 0.93 | 11.14 |
| 1959-I | 8.30 | (0.55) | 7.60 | 1.50 | 0.01 | 1.60 | 9.92 | (0.54) | 9.32 |
| 1959-II | 10.50 | 0.32 | 10.80 | 0.90 | (0.01) | 1.00 | 11.49 | 0.31 | 11.91 |
| 1959-III | (0.50) | (0.35) | (0.90) | 1.30 | (0.10) | 1.20 | 0.79 | (0.45) | 0.29 |
| 1959-IV | 1.40 | 0.03 | 1.50 | 1.70 | (0.02) | 1.70 | 3.12 | 0.01 | 3.23 |
| 1960-I | 9.30 | (1.69) | 7.60 | 0.80 | (0.04) | 0.80 | 10.17 | (1.73) | 8.46 |
| 1960-II | (1.90) | (1.17) | (3.00) | 1.70 | 0.05 | 1.70 | (0.23) | (1.12) | (1.35) |
| 1960-III | 0.70 | (0.02) | 0.70 | 1.80 | - | 1.80 | 2.51 | (0.02) | 2.51 |
| 1960-IV | (5.00) | (1.25) | (6.30) | 1.70 | 0.02 | 1.80 | (3.39) | (1.23) | (4.61) |
| 1961-I | 2.40 | 0.07 | 2.50 | 0.50 | (0.09) | 0.40 | 2.91 | (0.02) | 2.91 |
| 1961-II | 7.70 | 0.48 | 8.30 | 0.80 | (0.30) | 0.50 | 8.56 | 0.18 | 8.84 |
| 1961-III | 6.60 | 1.18 | 8.00 | 1.00 | 0.01 | 1.10 | 7.67 | 1.19 | 9.19 |
| 1961-IV | 8.40 | (0.22) | 8.20 | 1.00 | (0.16) | 0.90 | 9.48 | (0.38) | 9.17 |
| 1962-I | 7.40 | 0.56 | 8.00 | 2.30 | (0.23) | 2.10 | 9.87 | 0.33 | 10.27 |
| 1962-II | 4.50 | (1.51) | 3.00 | 1.00 | 0.22 | 1.30 | 5.54 | (1.29) | 4.34 |
| 1962-III | 3.70 | 1.39 | 5.30 | 1.10 | (0.05) | 1.00 | 4.84 | 1.34 | 6.35 |
| 1962-IV | 1.00 | 0.63 | 1.60 | 1.40 | 0.06 | 1.50 | 2.41 | 0.69 | 3.12 |
| 1963-I | 5.30 | (0.86) | 4.50 | 1.10 | 0.13 | 1.30 | 6.46 | (0.73) | 5.86 |
| 1963-II | 5.10 | (1.88) | 3.20 | 0.40 | 0.11 | 0.50 | 5.52 | (1.77) | 3.72 |
| 1963-III | 7.70 | 1.53 | 9.50 | 0.70 | 0.15 | 0.90 | 8.45 | 1.68 | 10.49 |
| 1963-IV | 3.10 | (1.04) | 2.00 | 2.40 | 0.08 | 2.50 | 5.57 | (0.96) | 4.55 |
| 1964-I | 9.30 | (1.29) | 8.00 | 1.50 | 0.11 | 1.60 | 10.94 | (1.18) | 9.73 |
| 1964-II | 4.70 | 0.02 | 4.70 | 1.30 | 0.10 | 1.50 | 6.06 | 0.12 | 6.27 |
| 1964-III | 5.50 | 0.60 | 6.30 | 2.00 | (0.19) | 1.80 | 7.61 | 0.41 | 8.21 |
| 1964-IV | 1.10 | (0.17) | 1.00 | 1.80 | (0.18) | 1.70 | 2.92 | (0.35) | 2.72 |
| 1965-I | 10.20 | 1.65 | 12.20 | 1.70 | (0.33) | 1.40 | 12.07 | 1.31 | 13.77 |
| 1965-II | 5.50 | (1.67) | 3.90 | 1.80 | (0.01) | 1.80 | 7.40 | (1.68) | 5.77 |
| 1965-III | 8.40 | 1.31 | 9.90 | 1.80 | 0.10 | 1.90 | 10.35 | 1.41 | 11.99 |
| 1965-IV | 10.00 | (0.64) | 9.40 | 2.50 | 0.26 | 2.80 | 12.75 | (0.38) | 12.46 |
| 1966-I | 10.20 | 0.82 | 11.20 | 2.50 | (0.26) | 2.30 | 12.96 | 0.56 | 13.76 |
| 1966-II | 1.30 | (0.44) | 0.90 | 3.80 | 0.02 | 3.90 | 5.15 | (0.42) | 4.84 |
| 1966-III | 2.70 | 1.82 | 4.60 | 3.80 | (0.29) | 3.50 | 6.60 | 1.52 | 8.26 |
| 1966-IV | 3.30 | (0.48) | 2.80 | 3.60 | (0.23) | 3.30 | 7.02 | (0.71) | 6.19 |
| 1967-I | 3.60 | (0.13) | 3.50 | 2.00 | (0.35) | 1.60 | 5.67 | (0.48) | 5.16 |
| 1967-II | 0.10 | 0.03 | 0.10 | 2.50 | (0.01) | 2.50 | 2.60 | 0.02 | 2.60 |
| 1967-III | 3.20 | 0.75 | 4.00 | 3.70 | 0.03 | 3.80 | 7.02 | 0.78 | 7.95 |
| 1967-IV | 3.10 | 0.41 | 3.50 | 4.50 | (0.11) | 4.40 | 7.74 | 0.30 | 8.05 |
| 1968-I | 8.50 | 0.54 | 9.10 | 4.40 | (0.03) | 4.40 | 13.27 | 0.51 | 13.90 |
| 1968-II | 7.00 | (0.12) | 6.90 | 4.50 | (0.29) | 4.30 | 11.82 | (0.41) | 11.50 |
| 1968-III | 2.80 | (0.01) | 2.80 | 3.90 | 0.30 | 4.20 | 6.81 | 0.29 | 7.12 |
| 1968-IV | 1.70 | 0.10 | 1.80 | 5.70 | (0.01) | 5.70 | 7.50 | 0.09 | 7.60 |
| 1969-I | 6.50 | 0.57 | 7.10 | 4.10 | (0.22) | 3.90 | 10.87 | 0.35 | 11.28 |
| 1969-II | 1.20 | (0.50) | 0.70 | 5.50 | 0.05 | 5.50 | 6.77 | (0.45) | 6.24 |
| 1969-III | 2.60 | 0.25 | 2.80 | 5.90 | (0.15) | 5.80 | 8.65 | 0.10 | 8.76 |
| 1969-IV | (1.90) | (0.98) | (2.80) | 5.10 | 0.02 | 5.20 | 3.10 | (0.96) | 2.25 |
| 1970-I | (0.60) | (0.26) | (0.90) | 5.70 | 0.23 | 5.90 | 5.07 | (0.03) | 4.95 |
| 1970-II | 0.70 | (0.57) | 0.20 | 5.90 | (0.22) | 5.70 | 6.64 | (0.79) | 5.91 |
| 1970-III | 3.60 | 0.02 | 3.70 | 3.20 | 0.56 | 3.80 | 6.92 | 0.58 | 7.64 |
| 1970-IV | (4.20) | 0.12 | (4.10) | 5.20 | 0.12 | 5.30 | 0.78 | 0.24 | 0.98 |
| 1971-I | 11.50 | (0.39) | 11.20 | 6.20 | (0.15) | 6.10 | 18.41 | (0.54) | 17.98 |
| 1971-II | 2.30 | 1.65 | 4.00 | 5.50 | 0.01 | 5.50 | 7.93 | 1.66 | 9.72 |
| 1971-III | 3.20 | (0.43) | 2.80 | 4.00 | 0.37 | 4.40 | 7.33 | (0.06) | 7.32 |
| 1971-IV | 1.10 | 0.36 | 1.50 | 3.20 | 0.18 | 3.40 | 4.34 | 0.54 | 4.95 |
| 1972-I | 7.30 | 0.88 | 8.30 | 6.70 | (0.29) | 6.40 | 14.49 | 0.59 | 15.23 |
| 1972-II | 9.80 | (0.23) | 9.60 | 2.30 | 0.42 | 2.80 | 12.33 | 0.19 | 12.67 |
| 1972-III | 3.90 | (0.82) | 3.00 | 3.70 | 0.28 | 4.00 | 7.74 | (0.54) | 7.12 |
| 1972-IV | 6.80 | 0.11 | 6.90 | 4.80 | (0.01) | 4.80 | 11.93 | 0.10 | 12.03 |
| 1973-I | 10.60 | (0.61) | 10.00 | 5.30 | 0.02 | 5.40 | 16.46 | (0.59) | 15.94 |
| 1973-II | 4.70 | (1.96) | 2.70 | 6.80 | 0.77 | 7.70 | 11.82 | (1.21) | 10.61 |
| 1973-III | (2.10) | (0.78) | (3.00) | 7.90 | (0.41) | 7.60 | 5.63 | (1.19) | 4.37 |
| 1973-IV | 3.90 | (1.16) | 2.60 | 7.00 | 0.44 | 7.70 | 11.17 | (0.73) | 10.50 |
| 1974-I | (3.50) | (1.39) | (4.90) | 8.50 | 2.13 | 11.10 | 4.70 | 0.71 | 5.66 |
| 1974-II | 1.00 | 0.14 | 1.10 | 9.30 | 2.32 | 12.00 | 10.39 | 2.46 | 13.23 |
| 1974-III | (3.90) | 1.26 | (2.70) | 13.10 | (0.26) | 12.90 | 8.69 | 1.00 | 9.85 |
| 1974-IV | (1.60) | (1.23) | (2.70) | 12.90 | (0.74) | 12.20 | 11.09 | (1.96) | 9.17 |
| 1975-I | (4.80) | (3.81) | (8.30) | 9.50 | (0.52) | 9.00 | 4.24 | (4.31) | (0.05) |
| 1975-II | 3.10 | (1.52) | 1.70 | 5.90 | 0.15 | 6.20 | 9.18 | (1.37) | 8.01 |
| 1975-III | 6.90 | 2.88 | 10.20 | 7.70 | (0.60) | 7.10 | 15.13 | 2.26 | 18.02 |
| 1975-IV | 5.30 | (0.26) | 5.10 | 7.20 | (0.19) | 7.10 | 12.88 | (0.45) | 12.56 |
| 1976-I | 9.40 | 2.11 | 11.80 | 4.60 | - | 4.60 | 14.43 | 2.11 | 16.94 |
| 1976-II | 3.00 | 1.05 | 4.10 | 4.30 | 0.12 | 4.40 | 7.43 | 1.17 | 8.68 |
| 1976-III | 2.00 | 0.39 | 2.40 | 5.50 | 0.39 | 5.90 | 7.61 | 0.78 | 8.44 |
| 1976-IV | 2.90 | 0.77 | 3.70 | 7.00 | (0.26) | 6.70 | 10.10 | 0.51 | 10.65 |
| 1977-I | 4.70 | 2.13 | 7.00 | 6.90 | 0.84 | 7.80 | 11.92 | 2.99 | 15.35 |
| 1977-II | 8.20 | (0.57) | 7.50 | 6.50 | 0.51 | 7.00 | 15.23 | (0.06) | 15.03 |
| 1977-III | 7.40 | (0.77) | 6.50 | 5.60 | 0.61 | 6.20 | 13.41 | (0.16) | 13.10 |
| 1977-IV | (0.10) | 1.53 | 1.40 | 6.90 | 0.19 | 7.10 | 6.79 | 1.72 | 8.60 |
| 1978-I | 1.40 | 1.75 | 3.00 | 6.80 | (0.03) | 6.70 | 8.30 | 1.72 | 9.90 |
| 1978-II | 16.70 | (3.20) | 13.00 | 7.90 | 0.06 | 7.90 | 25.92 | (3.14) | 21.93 |
| 1978-III | 4.00 | 0.14 | 4.00 | 7.10 | 0.04 | 7.10 | 11.38 | 0.18 | 11.38 |
| 1978-IV | 5.40 | (0.81) | 4.50 | 8.40 | (0.49) | 7.90 | 14.25 | (1.30) | 12.76 |
| 1979-I | 0.70 | (0.14) | 0.50 | 7.50 | 0.40 | 8.00 | 8.25 | 0.26 | 8.54 |
| 1979-II | 0.40 | 0.10 | 0.50 | 10.10 | 0.49 | 10.60 | 10.54 | 0.59 | 11.15 |
| 1979-III | 2.90 | (1.89) | 1.00 | 8.50 | 1.98 | 10.60 | 11.65 | 0.05 | 11.71 |
| 1979-IV | 1.10 | (1.41) | (0.20) | 8.20 | 1.96 | 10.10 | 9.39 | 0.52 | 9.88 |
| 1980-I | 1.30 | (1.07) | 0.30 | 9.10 | 2.38 | 11.50 | 10.52 | 1.28 | 11.83 |
| 1980-II | (7.90) | (4.08) | (11.50) | 9.20 | 1.02 | 10.20 | 0.57 | (3.10) | (2.47) |
| 1980-III | (0.70) | (3.04) | (3.60) | 9.40 | (0.03) | 9.40 | 8.63 | (3.07) | 5.46 |
| 1980-IV | 7.60 | 2.31 | 10.20 | 11.80 | (0.73) | 11.00 | 20.30 | 1.56 | 22.32 |
| 1981-I | 8.60 | 0.91 | 9.60 | 10.90 | (0.03) | 11.00 | 20.44 | 0.88 | 21.66 |
| 1981-II | (3.20) | (0.19) | (3.30) | 7.30 | 0.03 | 7.40 | 3.87 | (0.16) | 3.86 |
| 1981-III | 4.90 | 0.35 | 5.30 | 7.50 | (1.19) | 6.30 | 12.77 | (0.84) | 11.93 |
| 1981-IV | (4.90) | 0.92 | (4.00) | 7.20 | (0.07) | 7.10 | 1.95 | 0.85 | 2.82 |
| 1982-I | (6.40) | 0.49 | (5.90) | 5.80 | (0.36) | 5.40 | (0.97) | 0.13 | (0.82) |
| 1982-II | 2.20 | (0.84) | 1.30 | 5.00 | (0.66) | 4.30 | 7.31 | (1.49) | 5.66 |
| 1982-III | (1.50) | 3.31 | 1.80 | 5.70 | (0.21) | 5.40 | 4.11 | 3.09 | 7.30 |
| 1982-IV | 0.30 | 0.10 | 0.40 | 4.30 | (0.09) | 4.10 | 4.61 | 0.01 | 4.52 |
| 1983-I | 5.10 | 0.30 | 5.40 | 3.50 | (0.89) | 2.50 | 8.78 | (0.59) | 8.04 |
| 1983-II | 9.30 | 2.54 | 12.00 | 3.00 | (0.11) | 2.80 | 12.58 | 2.43 | 15.14 |
| 1983-III | 8.10 | 2.32 | 10.50 | 4.10 | (0.11) | 4.00 | 12.53 | 2.21 | 14.92 |
| 1983-IV | 8.50 | 1.17 | 9.70 | 2.90 | (0.55) | 2.30 | 11.65 | 0.61 | 12.22 |
| 1984-I | 8.00 | 2.37 | 10.40 | 5.10 | 0.07 | 5.10 | 13.51 | 2.44 | 16.03 |
| 1984-II | 7.10 | 0.89 | 7.90 | 3.70 | 0.02 | 3.60 | 11.06 | 0.91 | 11.78 |
| 1984-III | 3.90 | 0.36 | 4.20 | 3.30 | (0.44) | 2.80 | 7.33 | (0.08) | 7.12 |
| 1984-IV | 3.30 | 0.58 | 3.80 | 2.40 | (0.19) | 2.10 | 5.78 | 0.39 | 5.98 |
| 1985-I | 3.80 | (0.91) | 2.80 | 4.70 | (0.67) | 3.90 | 8.68 | (1.57) | 6.81 |
| 1985-II | 3.40 | 2.01 | 5.40 | 2.10 | 0.28 | 2.30 | 5.57 | 2.30 | 7.82 |
| 1985-III | 6.40 | 0.01 | 6.30 | 1.90 | 0.27 | 2.10 | 8.42 | 0.28 | 8.53 |
| 1985-IV | 3.10 | 0.68 | 3.70 | 2.50 | 0.84 | 3.20 | 5.68 | 1.53 | 7.02 |
| 1986-I | 3.90 | (0.95) | 2.90 | 2.00 | 0.25 | 2.20 | 5.98 | (0.70) | 5.16 |
| 1986-II | 1.60 | 1.37 | 2.90 | 2.00 | (1.16) | 0.80 | 3.63 | 0.19 | 3.72 |
| 1986-III | 3.90 | 0.47 | 4.30 | 2.50 | 0.38 | 2.90 | 6.50 | 0.85 | 7.32 |
| 1986-IV | 1.90 | (0.72) | 1.20 | 2.90 | 0.21 | 3.10 | 4.86 | (0.51) | 4.34 |
| 1987-I | 2.20 | (0.23) | 1.90 | 3.20 | 0.87 | 4.00 | 5.47 | 0.64 | 5.98 |
| 1987-II | 4.30 | (0.10) | 4.10 | 2.30 | 0.63 | 2.90 | 6.70 | 0.53 | 7.12 |
| 1987-III | 3.50 | (0.45) | 2.90 | 3.20 | 0.30 | 3.40 | 6.81 | (0.15) | 6.40 |
| 1987-IV | 7.00 | (0.18) | 6.70 | 2.90 | 0.13 | 3.00 | 10.10 | (0.05) | 9.90 |
| 1988-I | 2.10 | (1.99) | 0.10 | 3.30 | 0.24 | 3.40 | 5.47 | (1.75) | 3.50 |
| 1988-II | 5.20 | (1.47) | 3.60 | 3.90 | 0.05 | 3.90 | 9.30 | (1.42) | 7.64 |
| 1988-III | 2.10 | 0.36 | 2.40 | 4.80 | (0.93) | 3.80 | 7.00 | (0.57) | 6.29 |
| 1988-IV | 5.50 | 0.21 | 5.60 | 3.30 | 0.42 | 3.60 | 8.98 | 0.63 | 9.40 |
| 1989-I | 3.80 | (0.86) | 2.90 | 4.20 | 0.33 | 4.50 | 8.16 | (0.53) | 7.53 |
| 1989-II | 3.00 | (1.38) | 1.60 | 4.00 | 0.42 | 4.40 | 7.12 | (0.97) | 6.07 |
| 1989-III | 3.20 | (0.48) | 2.70 | 2.70 | (0.51) | 2.20 | 5.99 | (0.99) | 4.96 |
| 1989-IV | 0.90 | 0.18 | 1.00 | 2.50 | 0.34 | 2.80 | 3.42 | 0.52 | 3.83 |
| 1990-I | 4.20 | (0.26) | 3.90 | 4.90 | 0.62 | 5.50 | 9.31 | 0.36 | 9.61 |
| 1990-II | 1.60 | (0.58) | 1.00 | 4.70 | (0.89) | 3.80 | 6.38 | (1.46) | 4.84 |
| 1990-III | - | (0.44) | (0.40) | 3.80 | 0.85 | 4.60 | 3.80 | 0.41 | 4.18 |
| 1990-IV | (3.50) | (1.50) | (4.80) | 3.30 | 1.77 | 5.10 | (0.32) | 0.24 | 0.06 |
| 1991-I | (1.90) | (0.75) | (2.60) | 4.30 | (1.52) | 2.80 | 2.32 | (2.26) | 0.13 |
| 1991-II | 2.70 | (0.65) | 2.10 | 2.80 | (0.99) | 1.80 | 5.58 | (1.63) | 3.94 |
| 1991-III | 1.70 | 0.25 | 1.90 | 3.10 | (0.40) | 2.70 | 4.85 | (0.15) | 4.65 |
| 1991-IV | 1.60 | - | 1.60 | 2.30 | 0.10 | 2.40 | 3.94 | 0.10 | 4.04 |
| 1992-I | 4.50 | (0.45) | 4.00 | 2.30 | 0.24 | 2.50 | 6.90 | (0.21) | 6.60 |
| 1992-II | 4.30 | 0.67 | 5.00 | 2.40 | 0.12 | 2.50 | 6.80 | 0.79 | 7.62 |
| 1992-III | 4.20 | (0.21) | 4.00 | 1.80 | 0.54 | 2.30 | 6.08 | 0.33 | 6.39 |
| 1992-IV | 4.30 | 0.80 | 5.10 | 2.30 | (0.25) | 2.00 | 6.70 | 0.55 | 7.20 |
| 1993-I | 0.70 | 0.83 | 1.60 | 2.50 | (0.27) | 2.20 | 3.22 | 0.56 | 3.84 |
| 1993-II | 2.60 | 0.40 | 3.00 | 2.20 | 0.06 | 2.20 | 4.86 | 0.46 | 5.27 |
| 1993-III | 2.10 | 0.69 | 2.80 | 1.90 | (0.35) | 1.50 | 4.04 | 0.34 | 4.34 |
| 1993-IV | 5.40 | 0.45 | 5.80 | 2.10 | (0.16) | 1.90 | 7.61 | 0.29 | 7.81 |
| 1994-I | 4.00 | 0.62 | 4.60 | 2.20 | (0.23) | 2.00 | 6.29 | 0.39 | 6.69 |
| 1994-II | 5.60 | 0.32 | 5.90 | 1.90 | 0.26 | 2.20 | 7.61 | 0.58 | 8.23 |
| 1994-III | 2.60 | (0.26) | 2.30 | 2.30 | 0.55 | 2.80 | 4.96 | 0.29 | 5.16 |
| 1994-IV | 4.50 | 0.39 | 4.90 | 2.10 | (0.08) | 2.00 | 6.69 | 0.31 | 7.00 |
| 1995-I | 1.00 | 0.28 | 1.20 | 2.40 | (0.05) | 2.30 | 3.42 | 0.23 | 3.53 |
| 1995-II | 0.90 | (0.12) | 0.70 | 1.80 | 0.37 | 2.10 | 2.72 | 0.25 | 2.81 |
| 1995-III | 3.40 | (1.72) | 1.60 | 1.70 | (0.20) | 1.50 | 5.16 | (1.92) | 3.12 |
| 1995-IV | 2.80 | (0.03) | 2.80 | 2.10 | (0.24) | 1.80 | 4.96 | (0.27) | 4.65 |
| 1996-I | 2.80 | 0.99 | 3.80 | 2.20 | (0.03) | 2.10 | 5.06 | 0.96 | 5.98 |
| 1996-II | 7.10 | 0.30 | 7.40 | 1.50 | (0.11) | 1.40 | 8.71 | 0.19 | 8.90 |
| 1996-III | 3.50 | 1.18 | 4.70 | 2.00 | (0.18) | 1.80 | 5.57 | 1.00 | 6.58 |
| 1996-IV | 4.40 | (1.80) | 2.60 | 1.80 | 0.45 | 2.30 | 6.28 | (1.36) | 4.96 |
| 1997-I | 3.10 | 1.19 | 4.30 | 2.10 | (0.24) | 1.80 | 5.27 | 0.95 | 6.18 |
| 1997-II | 6.10 | (0.18) | 5.90 | 1.80 | (1.01) | 0.70 | 8.01 | (1.19) | 6.64 |
| 1997-III | 5.10 | 0.72 | 5.90 | 1.10 | (0.19) | 0.90 | 6.26 | 0.53 | 6.85 |
| 1997-IV | 3.10 | 1.16 | 4.30 | 1.50 | (0.20) | 1.30 | 4.65 | 0.96 | 5.66 |
| 1998-I | 3.80 | 1.66 | 5.50 | 0.60 | (0.81) | (0.20) | 4.42 | 0.84 | 5.29 |
| 1998-II | 3.60 | 1.66 | 5.30 | 1.00 | (0.39) | 0.60 | 4.64 | 1.26 | 5.93 |
| 1998-III | 5.40 | 0.86 | 6.20 | 1.50 | (0.31) | 1.20 | 6.98 | 0.55 | 7.47 |
| 1998-IV | 7.10 | (0.02) | 7.00 | 1.10 | 0.12 | 1.20 | 8.28 | 0.10 | 8.28 |
| 1999-I | 3.60 | 1.59 | 5.20 | 1.70 | (0.07) | 1.60 | 5.36 | 1.52 | 6.88 |
| 1999-II | 3.20 | 1.14 | 4.30 | 1.70 | 0.55 | 2.20 | 4.95 | 1.70 | 6.59 |
| 1999-III | 5.20 | 0.80 | 5.90 | 1.40 | 0.55 | 1.90 | 6.67 | 1.35 | 7.91 |
| 1999-IV | 7.40 | 0.22 | 7.40 | 1.70 | 0.57 | 2.20 | 9.23 | 0.79 | 9.76 |
| 2000-I | 1.10 | 1.53 | 2.50 | 3.10 | 0.75 | 3.70 | 4.23 | 2.29 | 6.29 |
| 2000-II | 8.00 | 0.50 | 8.30 | 2.00 | (0.28) | 1.70 | 10.16 | 0.22 | 10.14 |
| 2000-III | 0.30 | 0.98 | 1.30 | 2.40 | 0.28 | 2.60 | 2.71 | 1.26 | 3.93 |
| 2000-IV | 2.40 | 0.30 | 2.60 | 2.00 | 0.25 | 2.20 | 4.45 | 0.55 | 4.86 |
| 2001-I | (1.30) | (0.30) | (1.50) | 2.80 | (0.28) | 2.40 | 1.46 | (0.58) | 0.86 |
| 2001-II | 2.70 | (0.33) | 2.20 | 2.80 | (0.93) | 1.80 | 5.58 | (1.26) | 4.04 |
| 2001-III | (1.10) | 0.79 | (0.30) | 1.30 | (0.67) | 0.60 | 0.19 | 0.11 | 0.30 |
| 2001-IV | 1.40 | 0.48 | 1.80 | 1.10 | (0.84) | 0.30 | 2.52 | (0.36) | 2.11 |
| 2002-I | 3.50 | 0.70 | 4.00 | 1.50 | (0.05) | 1.40 | 5.05 | 0.65 | 5.46 |
| 2002-II | 2.10 | 0.76 | 2.80 | 1.80 | 0.88 | 2.60 | 3.94 | 1.65 | 5.47 |
| 2002-III | 2.00 | 0.62 | 2.60 | 1.80 | 0.04 | 1.70 | 3.84 | 0.66 | 4.34 |
| 2002-IV | 0.10 | 1.35 | 1.50 | 2.30 | 0.28 | 2.50 | 2.40 | 1.63 | 4.04 |
| 2003-I | 1.70 | (0.36) | 1.30 | 2.80 | 1.23 | 3.90 | 4.55 | 0.87 | 5.25 |
| 2003-II | 3.40 | 0.89 | 4.20 | 1.20 | (0.87) | 0.30 | 4.64 | 0.01 | 4.51 |
| 2003-III | 6.70 | (0.39) | 6.10 | 2.20 | 0.17 | 2.30 | 9.05 | (0.22) | 8.54 |
| 2003-IV | 3.70 | 0.30 | 3.80 | 2.10 | 0.02 | 2.10 | 5.88 | 0.32 | 5.98 |
| 2004-I | 2.70 | 0.54 | 3.10 | 3.40 | 0.74 | 4.10 | 6.19 | 1.28 | 7.33 |
| 2004-II | 2.60 | 1.74 | 4.20 | 3.50 | 0.30 | 3.60 | 6.19 | 2.05 | 7.95 |
| 2004-III | 3.00 | 0.60 | 3.40 | 3.00 | 0.40 | 3.20 | 6.09 | 1.00 | 6.71 |
| 2004-IV | 3.30 | 0.65 | 3.80 | 3.00 | 1.02 | 3.80 | 6.40 | 1.68 | 7.74 |
| 2005-I | 4.20 | (0.40) | 3.60 | 3.80 | 0.08 | 3.60 | 8.16 | (0.32) | 7.33 |
| 2005-II | 1.80 | (0.19) | 1.50 | 2.70 | 0.59 | 3.10 | 4.55 | 0.40 | 4.65 |
| 2005-III | 3.20 | 0.36 | 3.40 | 4.20 | 1.01 | 4.90 | 7.53 | 1.37 | 8.47 |
| 2005-IV | 2.10 | 0.75 | 2.70 | 3.40 | 0.97 | 4.10 | 5.57 | 1.73 | 6.91 |
| 2006-I | 5.10 | (0.44) | 4.50 | 3.00 | (0.01) | 2.80 | 8.25 | (0.45) | 7.43 |
| 2006-II | 1.60 | (0.01) | 1.60 | 3.60 | 0.17 | 3.50 | 5.26 | 0.16 | 5.16 |
| 2006-III | 0.10 | 0.72 | 0.70 | 3.00 | - | 2.90 | 3.10 | 0.72 | 3.62 |
| 2006-IV | 2.70 | (1.95) | 0.70 | 1.80 | (0.79) | 1.00 | 4.55 | (2.72) | 1.71 |
| 2007-I | 0.50 | 0.25 | 0.80 | 4.60 | 0.03 | 4.50 | 5.12 | 0.28 | 5.34 |
| 2007-II | 3.60 | (0.42) | 3.10 | 2.80 | 0.55 | 3.20 | 6.50 | 0.13 | 6.40 |
| 2007-III | 3.00 | (1.55) | 1.30 | 1.30 | 0.80 | 2.00 | 4.34 | (0.76) | 3.33 |
| 2007-IV | 1.70 | (2.22) | (0.50) | 1.90 | 1.98 | 3.70 | 3.63 | (0.28) | 3.18 |
| 2008-I | (1.80) | (0.38) | (2.10) | 2.50 | 1.76 | 4.10 | 0.65 | 1.37 | 1.91 |
| 2008-II | 1.30 | (2.00) | (0.70) | 2.50 | 2.14 | 4.50 | 3.83 | 0.10 | 3.77 |
| 2008-III | (3.70) | (0.79) | (4.20) | 3.10 | 1.10 | 4.00 | (0.71) | 0.30 | (0.37) |
| 2008-IV | (8.90) | 0.12 | (8.30) | 0.50 | (4.77) | (4.00) | (8.44) | (4.66) | (11.97) |
| 2009-I | (6.70) | (2.44) | (8.60) | 1.70 | (3.60) | (1.90) | (5.11) | (5.95) | (10.34) |
| 2009-II | (0.70) | (2.21) | (2.80) | (0.40) | 0.92 | 0.50 | (1.10) | (1.31) | (2.31) |
| 2009-III | 1.70 | 0.59 | 2.20 | 0.30 | 1.37 | 1.60 | 2.01 | 1.97 | 3.84 |
| 2009-IV | 3.80 | (0.15) | 3.50 | 1.10 | 1.01 | 2.10 | 4.94 | 0.86 | 5.67 |
| 2010-I | 3.90 | 0.97 | 4.80 | 1.50 | 0.66 | 2.10 | 5.46 | 1.64 | 7.00 |
| 2010-II | 3.80 | 1.94 | 5.60 | 1.50 | (0.97) | 0.50 | 5.36 | 0.95 | 6.13 |
| 2010-III | 2.50 | 0.68 | 3.10 | 1.40 | (0.43) | 1.00 | 3.94 | 0.25 | 4.13 |
| 2010-IV | 2.30 | (1.37) | 0.90 | 1.90 | 0.26 | 2.10 | 4.24 | (1.11) | 3.02 |
| 2011-I | 0.40 | 0.34 | 0.70 | 2.50 | 1.57 | 4.00 | 2.91 | 1.92 | 4.73 |
| 2011-II | 1.30 | (0.24) | 1.00 | 2.50 | 0.93 | 3.30 | 3.83 | 0.69 | 4.33 |
Let’s start with the definition of Gross Domestic Purchases, which I think more closely tracks the way average Americans feel than Gross Domestic Product does.
Gross domestic purchases
The market value of goods and services purchased by U.S. residents, regardless of where those goods and services were produced. It is gross domestic product (GDP) minus net exports of goods and services. Equivalently, it is the sum of personal consumption expenditures (PCE), gross private domestic investment, and government consumption expenditures and gross investment.
Source: U.S. Bureau of Economic Analysis
Pretty simple — GDP minus net exports equals Gross Domestic Purchases. The trouble is that import price increases increase real GDP relative to real GD purchases.
Note well: IPD stands for implicit price deflator, which is a comprehensive measure of inflation. Also, figures may not add due to rounding, timing differences, and errors in revisions.
But what I would like to point out from the last three quarters on Gross Domestic Purchases, is that the economy is growing at less than 1%, and inflation is running higher than 3%.
I realize that these could be statistical anomalies, but Gross Domestic Purchases is far closer to what the average American feels than GDP or GNP. My main point is that we have a slow-growing economy in inflation adjusted terms, while felt inflation is rising.
Good info. Might want to add Column Headings to bottom of table. So much data makes it difficult to figure out which number corresponds to what. I had to c&p to a spreadsheet to figure it out.
Thanks,
Ricardo