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Remembering the past using federal government economic data
Federal government agencies ^ | August 1, 2016 | williamofcarmichael

Posted on 08/01/2016 9:13:21 AM PDT by WilliamofCarmichael

The Bureau of Economic Analysis (BEA) has dozens of tables. One is Contributions to Percent Change in Real Gross Domestic Product. I added color and symbols in front of the table data. Hover to see the column descriptions and table data. Well I saw what I remember from decades ago.


TOPICS: Reference
KEYWORDS: gdp; percentchange; realgdp; williamofcarmichael
I will post the table below.
1 posted on 08/01/2016 9:13:21 AM PDT by WilliamofCarmichael
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To: WilliamofCarmichael
The Bureau of Economic Analysis (BEA) has dozens of national income and product accounts (NIPAs) tables. See below tor links to the tables.

"The contributions to percent change in a real aggregate, such as real GDP, provide a measure of the composition of growth in the aggregate . . . contributions to percent change [is] a valuable tool for economic analysis."

Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail (both annual and quarterly)

I wondered what would I get if I added color and symbols in front of the table data. Hover to see the column descriptions and table data. Well I saw what I remember from decades ago.

In the 1950s, 60s, 70s, 80s rows of blue years (see below) following recessions (business cycles they were called) indicated the end of the downturn and one could count on the economy growing bigger than ever.

Like the 1950s and '60s, available in separate 1.5.2 tables along with '30s and '40s, the 70's and 80's were when there were economic downturns which were always followed by strong recovery with more jobs and an even larger economy.

In terms of this illustration that means rows of blue (with a ♥) years announcing the best years yet. White (with a ♥) following a blue year indicates sucessive best years. White (with a ♥) at the beginning years simply means best years so far.

"Where did it all go wrong, Blanche?"

Today best years ever (coded blue) are few. Instead everything is red of simple downturns followed by upturns but none good enough to be the best year ever. The worst years ever continue indicated by a • in the red.

However there's this. Reagan's best annual table data GDP was +7.3 percent. There have been years since which are just short of +5 percent but they are coded red with a ♦. If the table included the 40's data Reagan could not beat WWII's +18.9 percent.

A ♦ is just a marker.

Notice the blue years around the end of the '90's. That was at the time of the Republican Congress's budget reforms I believe.

Health care and federal non-defense spending were cases that I reversed good and bad.. increases were bad and decreases were good for the economy. A few columns like "Change in private inventories" I suppose could go either way.

Column 00 shows the recession years.

01 Gross domestic product
Percentage points at annual rates:
02 Personal consumption expenditures
03  Goods
04    Durable goods
05      Motor vehicles and parts
06      Furnishings and durable household equipment
07      Recreational goods and vehicles
08      Other durable goods
09    Nondurable goods
10      Food and beverages purchased for off-premises consumption
11      Clothing and footwear
12      Gasoline and other energy goods
13      Other nondurable goods
14  Services
15    Household consumption expenditures (for services)
16      Housing and utilities
17      Health care
18      Transportation services
19      Recreation services
20      Food services and accommodations
21      Financial services and insurance
22      Other services
23    Final consumption expenditures of nonprofit institutions serving households (NPISHs) \1\
24      Gross output of nonprofit institutions \2\
25      Less: Receipts from sales of goods and services by nonprofit institutions \3\
26 Gross private domestic investment
27  Fixed investment
28    Nonresidential
29      Structures
30      Equipment
31        Information processing equipment
32          Computers and peripheral equipment
33          Other
34        Industrial equipment
35        Transportation equipment
36        Other equipment
37      Intellectual property products
38        Software \4\
39        Research and development \5\
40        Entertainment, literary, and artistic originals
41    Residential
42  Change in private inventories
43    Farm
44    Nonfarm
45 Net exports of goods and services
46  Exports
47    Goods
48    Services
49  Imports
50    Goods
51    Services
52 Government consumption expenditures and gross investment
53  Federal
54    National defense
55      Consumption expenditures
56      Gross investment
57    Nondefense
58      Consumption expenditures
59      Gross investment
60  State and local
61    Consumption expenditures
62    Gross investment

0
0
-
-
-
-
-
-
-
-
-
-
-
-
0
0
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0
0
-
-
-
-
-
-
-
0
0
 
Year
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
 
 
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
 
 
2008
2009
2010
2011
2012
2013
2014
2015
2016
 
Year
0
1
 
0
1
0
1
0
1
0
2
 
0
2
0
2
0
2
0
3
 
0
3
0
3
0
3
0
4
 
0
4
0
4
0
4
0
5
 
0
5
0
5
0
5
0
6
 
0
6
0
6
0
6
0
7
 
0
7
0
7
0
7
0
8
 
0
8
0
8
0
8
0
9
 
0
9
0
9
0
9
1
0
 
1
0
1
0
1
0
1
1
 
1
1
1
1
1
1
1
2
 
1
2
1
2
1
2
1
3
 
1
3
1
3
1
3
1
4
 
1
4
1
4
1
4
1
5
 
1
5
1
5
1
5
1
6
 
1
6
1
6
1
6
1
7
 
1
7
1
7
1
7
1
8
 
1
8
1
8
1
8
1
9
 
1
9
1
9
1
9
2
0
 
2
0
2
0
2
0
2
1
 
2
1
2
1
2
1
2
2
 
2
2
2
2
2
2
2
3
 
2
3
2
3
2
3
2
4
 
2
4
2
4
2
4
2
5
 
2
5
2
5
2
5
2
6
 
2
6
2
6
2
6
2
7
 
2
7
2
7
2
7
2
8
 
2
8
2
8
2
8
2
9
 
2
9
2
9
2
9
3
0
 
3
0
3
0
3
0
3
1
 
3
1
3
1
3
1
3
2
 
3
2
3
2
3
2
3
3
 
3
3
3
3
3
3
3
4
 
3
4
3
4
3
4
3
5
 
3
5
3
5
3
5
3
6
 
3
6
3
6
3
6
3
7
 
3
7
3
7
3
7
3
8
 
3
8
3
8
3
8
3
9
 
3
9
3
9
3
9
4
0
 
4
0
4
0
4
0
4
1
 
4
1
4
1
4
1
4
2
 
4
2
4
2
4
2
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3
 
4
3
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3
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4
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4
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4
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4
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4
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4
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4
8
4
8
4
8
4
9
 
4
9
4
9
4
9
5
0
 
5
0
5
0
5
0
5
1
 
5
1
5
1
5
1
5
2
 
5
2
5
2
5
2
5
3
 
5
3
5
3
5
3
5
4
 
5
4
5
4
5
4
5
5
 
5
5
5
5
5
5
5
6
 
5
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5
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5
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5
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5
8
 
5
8
5
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5
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5
9
 
5
9
5
9
5
9
6
0
 
6
0
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0
6
0
6
1
 
6
1
6
1
6
1
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2
 
6
2
6
2
6
2

1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households.

2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software).

3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees.

4. Excludes software embedded, or bundled, in computers and other equipment.

5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38.

the path to this table

I downloaded 1969 to present All Sections -- however Table 1.5.2 is in Section 1.

Recessions

See more at: National Bureau of Economic Research (NBER)

2 posted on 08/01/2016 9:15:26 AM PDT by WilliamofCarmichael (If modern America's Man on Horseback is out there, Get on the damn horse already!)
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To: WilliamofCarmichael

Looks like the opening scene in The Matrix.


3 posted on 08/01/2016 9:22:42 AM PDT by Vinnie
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