Figure A
Corporate profits have contributed disproportionately to price growth since 2019: Share of price growth in the nonfinancial corporate sector accounted for by rising profits since 2019q4
| Year | Profit contribution to price growth | 1979-2019 profit share average |
|---|---|---|
| 2021q2 | 94.5455% | 11.5% |
| 2021q3 | 66.1538% | 11.5% |
| 2021q4 | 47.6744% | 11.5% |
| 2022q1 | 40.3509% | 11.5% |
| 2022q2 | 43.4483% | 11.5% |
| 2022q3 | 40.6452% | 11.5% |
| 2022q4 | 38.6076% | 11.5% |
| 2023q1 | 32.2785% | 11.5% |
| 2023q2 | 32.3353% | 11.5% |
| 2023q3 | 34.6821% | 11.5% |
| 2023q4 | 39.5349% | 11.5% |
| 2024q1 | 33.1395% | 11.5% |
| 2024q2 | 33.5227% | 11.5% |
Note: Author’s analysis of data from Table 1.14 from the National Income and Product Accounts (NIPA) of the Bureau of Economic Analysis (BEA).
This chart appears in:
Previous chart: « The vast majority of states that have right-to-work laws are abortion restricted: Number of states with right-to-work laws by abortion policy status