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Gross domestic income

Summary:
GDI (gross domestic income) = GDP (gross domestic product) by identity. The funds spent to buy the output are the income of the sellers of the same output. But the government gets the data for each independently, which includes estimates of various categories, so the reported numbers don’t equate when initially released, but do tend to come together over time as more data is collected. And right now it looks to me like GDI has been running quite a bit weaker than GDP: Decelerating income growth leads recessions: Averaging GDP and GDI looks like this:

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GDI (gross domestic income) = GDP (gross domestic product) by identity. The funds spent to buy the output are the income of the sellers of the same output.

But the government gets the data for each independently, which includes estimates of various categories, so the reported numbers don’t equate when initially released, but do tend to come together over time as more data is collected. And right now it looks to me like GDI has been running quite a bit weaker than GDP:

Gross domestic income
Decelerating income growth leads recessions:

Gross domestic income

Gross domestic income
Averaging GDP and GDI looks like this:

Gross domestic income

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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