Thursday, January 17, 2019

US Nominal GDP History


There are differences in US GDP numbers by year found on Statista and The Balance websites.

Statista - US GDP History from 2009 to 2018

2009 $14.48 trillion
2010 $14.96 trillion
2011 $15.52 trillion
2012 $16.16 trillion
2013 $16.69 trillion
2014 $17.43 trillion
2015 $18.12 trillion
2016 $18.62 trillion
2017 $19.39 trillion
2018 $20.41 trillion 

US GDP grew from $14.48 trillion in 2009 to $18.62 trillion in 2016. This 8 years resulted in GDP growth of $4.14 trillion. Most of this was for federal government mal-investment.

US GDP grew from $18.62 trillion in 2016 to
$19.39 trillion in 2017 for a gain of $0.77 trillion.


The Balance - US Nominal GDP by Year

US GDP grew from $10.250 trillion in 2000 to $14,713 in 2008 and declined to $14,449 in 2009. GDP growth from 2009 to 2017 averaged 1.6% to 2.8%. GDP growth for 2018 is estimated at 3.4%.

US GDP growth from 2000 to 2017 came at a price.  The National Debt was $5 trillion in 2000 and rose to over $20 trillion by 2017. It also left US Household incomes flat.

Year – USGDP  - %Change

2000 $10.250 trillion, 4.1%
2001 $10.582 trillion, 1.0%
2002 $10.936 trillion, 1.7%
2003 $11.458 trillion, 2.9%
2004 $12.214 trillion, 3.8%
2005 $13.037 trillion, 3.5%
2006 $13.815 trillion, 2.9%
2007 $14.452 trillion, 1.9%
2008 $14.713 trillion, 1.8%
2009 $14.449 trillion, -2.5%
2010 $14.992 trillion, 2.6%
2011 $15.543 trillion, 1.6%
2012 $16.197 trillion, 2.2%
2013 $16.785 trillion, 1.8%
2014 $17.522 trillion, 2.5%
2015 $18.219 trillion. 2.9%
2016 $18.707 trillion, 1.6%
2017 $19.485 trillion, 2.2%
2018 $20.412 trillion, 3.4% est.


Nominal US GDP Growth for 2018 by quarter was:
Q1 2.8%
Q2 4.2%
Q3 3.5%
Q4 3.0% (estimate)

Average is 3.375%.


Final numbers for US GDP in 2018 have yet to be announced.

Norb Leahy, Dunwoody GA Tea Party Leader

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