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Greg Ip highlights that the final demand for computers and software, as measured by business fixed investment and personal consumption expenditures, accounts for 4.4% of GDP.
He describes this approach as an apples-to-apples comparison and acknowledges the challenge in finding similarly consistent comparisons in other areas.
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Ip has previously clarified that the Plaza Accord was not forced on Japan and did not cause its lost decades, referencing the findings of the 1986 Maekawa Commission. He has also observed that U.S. nominal GDP and income growth are the fastest since 2006, excluding the pandemic period. These prior analyses add context to his recent discussion of GDP composition.