GVA is like GDP by sector.
The graph shows four sectors: households, nonfinancial corporations, financial corporations, and general government.
The graph does not show the relative sizes. The data is indexed so that all four datasets start out
equal. The graph shows relative growth since 1947. For example,
corporate finance grew the fastest of all four sectors, and general
government grew the slowest.
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| Graph #1 |
"General" government is the sum of "Federal" plus "State and Local" government.
GDP is a measure of income. So we can say that GVA is a measure of income by sector.
The largest income gains occur in finance. That is what's wrong with our economy.
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