What is US consumption as a percentage of GDP?

Answer by  danieljitaru (277)

he gross domestic product (GDP) is the generally accepted measure of the size of the national economy. It is the sum of investment, personal consumption, government spending, and net exports. Personal consumption, at 70 percent, is the largest component of GDP. Other components of GDP include

Answer by  tamarawilhite (17883)

The private sector, what average people consume, is about 65% of gross domestic product (GDP). The US market of about 14 trillion dollars is 23% of the global domestic product (also GDP).