Economic Research: How Have Tech-Centric Outlays Contributed To Investment And GDP Growth In The U.S.? - S&P Global Ratings’ Credit Research

Economic Research: How Have Tech-Centric Outlays Contributed To Investment And GDP Growth In The U.S.?

Economic Research: How Have Tech-Centric Outlays Contributed To Investment And GDP Growth In The U.S.? - S&P Global Ratings’ Credit Research
Economic Research: How Have Tech-Centric Outlays Contributed To Investment And GDP Growth In The U.S.?
Published Oct 26, 2026
Published Oct 26, 2026
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Abstract:

This report does not constitute a rating action. GDP in nominal terms has risen by nearly 27% since 2022 (the advent of ChatGPT) to $32.5 trillion in the second quarter of 2026. Meanwhile, tech-centric direct investment (broadly defined as the sum of information processing equipment, data center construction, software, and research and development outlays) has risen by 47% to $2.6 trillion (see chart 1 [and table 1 in the Appendix for category components]). The breakdown of tech-centric investment components shows us that outlays on data center construction (estimated $67 billion annualized in 2Q 2026) and information processing equipment (IPE; $836 billion annualized in 2Q 2026) have unmistakably moved up from their pre-Chat GPT 2022 trend (see chart 2). Investment in

  
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MLA:
S&P Global Ratings’ Credit Research. "Economic Research: How Have Tech-Centric Outlays Contributed To Investment And GDP Growth In The U.S.?" Oct 26, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Economic-Research-How-Have-Tech-Centric-Outlays-Contributed-To-Investment-And-GDP-Growth-In-The-U-S-3649540>
  
APA:
S&P Global Ratings’ Credit Research. (). Economic Research: How Have Tech-Centric Outlays Contributed To Investment And GDP Growth In The U.S.? Oct 26, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Economic-Research-How-Have-Tech-Centric-Outlays-Contributed-To-Investment-And-GDP-Growth-In-The-U-S-3649540>
  
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