Figure B
Investments outside of AI-Related sectors look weak over past year: Contribution of AI-Related investments and all others to GDP growth, 2019–2025
| Quarter | AI-related categories | All others |
|---|---|---|
| 2019Q4 | 0.6% | -0.2% |
| 2020Q1 | 0.5% | -0.4% |
| 2020Q2 | 0.1% | -1.4% |
| 2020Q3 | 0.2% | -1.1% |
| 2020Q4 | 0.3% | -0.7% |
| 2021Q1 | 0.6% | -0.5% |
| 2021Q2 | 0.9% | 0.7% |
| 2021Q3 | 0.7% | 0.2% |
| 2021Q4 | 0.8% | -0.1% |
| 2022Q1 | 0.8% | 0.0% |
| 2022Q2 | 0.7% | -0.1% |
| 2022Q3 | 0.7% | 0.2% |
| 2022Q4 | 0.5% | 0.5% |
| 2023Q1 | 0.4% | 0.5% |
| 2023Q2 | 0.3% | 0.8% |
| 2023Q3 | 0.3% | 0.6% |
| 2023Q4 | 0.4% | 0.5% |
| 2024Q1 | 0.4% | 0.3% |
| 2024Q2 | 0.4% | 0.0% |
| 2024Q3 | 0.4% | 0.0% |
| 2024Q4 | 0.3% | -0.1% |
| 2025Q1 | 0.6% | -0.2% |
| 2025Q2 | 0.8% | -0.2% |
Notes: Contributions to growth by investment type were calculated by multiplying growth rate of real investment over past year by the average share of investment type in nominal GDP at the beginning and the end of the period. For AI-related investments, we used data centers, information processing equipment, research and development, and software.
Sources: BEA NIPA Tables 1.1.5, 5.3.5, and 5.3.4.
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