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Posts Tagged ‘ GDP ’

Average Income In the U.S. From 1913-2006 Print

Here is an info graph from Visualizing Economics (back from 2008), showing the average income in the U.S from 1913-2006. The graphic factors in major events in history as well as the presidents at the time. Something the graph is missing appears to be inflation. However, its pretty cool comparison.

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3rd Quarter GDP Revised Up To 2.5% Print

Press Release BEA: Gross Domestic Product, 2nd quarter 2010 (second estimate)

Second estimate revises GDP from 2.0% to 2.5%

Advance Estimate        Second Estimate

(Percent change from preceding quarter)

Real GDP…………………………..                          2.0                               2.5

Current-dollar GDP……………….                         4.2                               4.8

Gross domestic purchases price index……..      0.8                              0.8

The graph below from CalculatedRisk.com shows the quarterly GDP growth since the past 30 years.

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National Debt Under U.S. Presidents Print

Check out this chart below, it shows the National Debt as a percentage of GDP. It doesn’t matter which presidents you like or don’t like, but data doesn’t lie. Many critics assume that deficits were created on January 20th, 2009!

Source:  zFacts.com

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GDP Grows At 3.2%

April 30, 2010 by
GDP Grows At 3.2% Print

Press Release from the Department of Commerce;
The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE), private inventory investment, exports, and nonresidential fixed investment that were partly offset by decreases in state and local government spending and in residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.

The deceleration in real GDP in the first quarter primarily reflected decelerations in private inventory investment and in exports, a downturn in residential fixed investment, and a larger decrease in state and local government spending that were partly offset by an acceleration in PCE and a deceleration in imports

Source:
Gross Domestic Product: First Quarter 2010 (Advance Estimate)
Commerce Department APRIL 30, 2010

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

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GDP Revised To 5.6%

March 26, 2010 by
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Bureau of Economic Analysis; Press Release

Real gross domestic product — the output of goods and services produced by labor and property
located in the United States — increased at an annual rate of 5.6 percent in the fourth quarter of 2009,
(that is, from the third quarter to the fourth quarter), according to the “third” estimate released by the
Bureau of Economic Analysis.  In the third quarter, real GDP increased 2.2 percent.

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The World’s Top 20 Debtor Nations Print

One way to measure a country’s debt position is by comparing GDP to gross external debt. Through that method we can determine what are the odds that a country will be able to repay its debt. Figures were referenced from the World Bank.

The World’s Top 20 Debtor Nations. These rankings my surprise you!

                                                                     External debt                Gross external debt             2009 GDP (est)
                                                                        (as % of GDP)                  (2009 Q3)

  • Ireland                                                1,352%                        $2.39 trillion                            $177.3 billion
  • United Kingdom                               427.6%                       $9.26 trillion                           $2.17 trillion
  • Netherlands                                       395.6%                       $2.58 trillion                           $652 billion
  • Switzerland                                         390%                          $1.23 trillion                           $316.1 billion
  • Belgium                                                345.6%                       $1.32 trillion                           $381.4 billion
  • Denmark                                              315.2%                       $627.6 billion                         $199.1 billion
  • Sweden                                                 275%                          $916.42 billion                       $333.2 billion
  • Austria                                                 268.9%                       $869.13 billion                       $323.2 billion
  • France                                                  247.2%                       $5.22 trillion                           $2.11 trillion
  • Portugal                                               231.5%                       $538.1 billion                           $232.4 billion
  • Hong Kong                                          218.8%                       $659.27 billion                       $301.3 billion
  • Norway                                                208.9%                       $577.80 billion                       $276.5 billion
  • Finland                                                 205.7%                       $376.8 billion                         $183.1 billion
  • Germany                                             189.4%                        $5.33 trillion                            $2.81 trillion
  • Spain                                                     184.7%                        $2.53 trillion                           $1.37 trillion
  • Greece                                                  175.3%                        $594.60 billion                       $339.2 billion
  • Italy                                                      154.6%                         $2.71 trillion                           $1.76 trillion
  • Hungary                                              124.2%                         $231.33 billion                       $186.3 billion
  • Australia                                             108.8%                         $891.26 billion                       $819 billion
  • United States of America               95.9%                           $13.67 trillion                         $14.25 trillion
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    Presidential Spending Since 1981 Print

    Here is an interesting chart from Visual Economics showing GDP vs Expenditures. However, inflation doesn’t seem to be represented in this data.

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    A Decade To Forget!

    January 6, 2010 by
    A Decade To Forget! Print

    This graph from the Washington Post compares the 2000’s with other decades.

    A brief rundown of why this is one the worst decades in U.S history and why we should forget this decade but not how we ended up there!

    • Job Growth Nearly Zero
    • Economic Output (GDP) weak
    • Household Net Worth Fell As Stock Prices Stagnated
    • Home Prices Crashed In The Second Half
    • Consumer Debt Skyrocketed

    Source:
    The lost decade for the economy
    NEIL IRWIN, CRISTINA RIVERO AND TODD LINDEMAN
    Washington Post, January 1, 2010

    http://www.washingtonpost.com/wp-dyn/content/graphic/2010/01/01/GR2010010101478.html

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    GDP Is Down To 2.2% But Still Positive Print

    Chart Source: Barron Econday

    The GDP in the third quarter declined from 2.8% to 2.2%. Indicating a slower than anticipated U.S economic expansion. Despite the current decline, consumer confidence has gained traction and with companies having lower inventories that could accelerate the growth for 2010. Additional contributing factors are private investments, government spending, and an increase in exports.

    Release by the Bureau of Economic Analysis:

    “Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 2.2 percent in the third quarter of 2009, (that is, from the second quarter to the third quarter), according to the “third” estimate released by the Bureau of Economic Analysis.  In the second quarter, real GDP decreased 0.7 percent.”

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