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You’ll be able to see the rise in imports from much lower than 1% within the 1960s to about 2% of US GDP within the mid 2000s (till the great recession hit). The opposite interesting factor is that consumption of autos (as a fraction of the economic system) started a serious decline in the early 2000s. That’s going to complicate the analysis which I’ll take up once more in the next put up.
The odd-wanting line in this graph is the one for domestic consumption of autos and elements as a fraction of GDP; the line begins to drop after 2002, solely reversing in 2010. It’s odd to me as a result of a graph of US car sales is actually flat from 2001 to 2007 at between sixteen and 17 million autos per year. Studying off Stuart’s graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to round 2.8% in 2007, so roughly a 25% drop. Looking at BEA Table 1.1.5. US GDP rose 36% throughout that period.
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