Worthy Christian News » US News » U.S. Has Record 10th Straight Year Without 3% Growth in GDP


U.S. Has Record 10th Straight Year Without 3% Growth in GDP

Sunday, February 28, 2016 | , Tag Cloud

"Wall Street (5899300483)" by Alex Proimos from Sydney, Australia - Wall StreetUploaded by russavia. Licensed under CC BY 2.0 via Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Wall_Street_(5899300483).jpg#/media/File:Wall_Street_(5899300483).jpg

(Worthy News) - The United States has now gone a record 10 straight years without 3 percent growth in real Gross Domestic Product, according to data released by the Bureau of Economic Analysis.

The BEA has calculated GDP for each year going back to 1929 and it has calculated the inflation-adjusted annual change in GDP (in constant 2009 dollars) from 1930 forward.

In the 85 years for which BEA has calculated the annual change in real GDP there is only one ten-year stretch--2006 through 2015--when the annual growth in real GDP never hit 3 percent. During the last ten years, real annual growth in GDP peaked in 2006 at 2.7 percent. It has never been that high again, according to the BEA. [ Source ]

Copyright 1999-2016 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » US News » U.S. Has Record 10th Straight Year Without 3% Growth in GDP

2 thoughts on “U.S. Has Record 10th Straight Year Without 3% Growth in GDP

  1. Obama knew how to destroy this nation that's why he was catapulted into his position. And he has done a mighty fine job. The united States deficit is so big now its past the point of no return

Leave a Comment

Worthy Christian News » US News » U.S. Has Record 10th Straight Year Without 3% Growth in GDP