The contribution to the US economy, computing power investment = consumption!

Wallstreetcn
2025.08.19 01:00
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Apollo Chief Economist Slok: Consumer spending typically accounts for 70% of the U.S. GDP, and private consumption is usually the main driver of U.S. GDP growth. However, by 2025, the situation has changed. In the first half of this year, the contribution of data center investment to U.S. GDP growth was the same as that of consumer spending, as shown in the chart. The contribution of consumer spending has been declining, while the contribution of data center construction has been rising

Apollo Chief Economist Slok:

Consumer spending typically accounts for 70% of the U.S. GDP, and private consumption is usually the main driver of U.S. GDP growth.

However, by 2025, the situation has changed.

In the first half of this year, the contribution of data center investment to U.S. GDP growth was the same as that of consumer spending, as shown in the chart. The contribution of consumer spending has been declining, while the contribution of data center construction has been rising.

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