Energy expenditures as a portion of U.S. gross domestic product (GDP) have fallen to 5.6% in 2016, the lowest ratio since at least 1970, according to IEA figures. Compared with a GDP at $18.6 trillion, energy expenditures declined for the fifth consecutive year down to $1.0 trillion in 2016, a 9% year-on-year decrease in real terms.
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