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September 23, 2009

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jwg

The phrase "final consumption" tickles my brain. We hear all the time that consumption is 70% of US GDP and in this article we learn that Chinese consumption is closer to 35% of GDP. Are there any data that can show what would be a "average" or perhaps "normative" consumption-as-%-of-GDP? I'm thinking in grand scheme terms. Something like a historical series of investment vs final consumption (vs intermediate consumption?) for the global economy as a whole.

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