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Trivia Tidbit Of The Day: Part 409 -- GDP Growth In Perspective.

America's Ginormous Economy -

Fourth quarter GDP numbers for 2006 (.pdf) are out. The American economy, after the tolls of inflation, grew at a 3.5% rate in the 4th quarter. In 2006, the U.S. economy grew 3.4%.

In current-dollar terms, the American economy is now 13.4872 trillion dollars, after growing by 798.1 billion dollars in 2006.

Not bad.

Just for comparison, according to the latest stats from the World Bank, the economy of the European Monetary Union grew 1.3%, Germany's economy grew 0.9%, France's grew 1.5%, The Netherlands grew 1.1%, Italy grew (or didn't grow) 0.0%, the UK grew 1.8%, Norway grew 2.3%, and Japan grew 2.7%.

Just for reference.

Let's put that 798.1 billion dollars worth of current-dollar economic growth in 2006 into perspective.

America essentially added the entire economy of any of the top ten through fifteen economies in the world, on top of its already-huge economy (.pdf):

In the fourth quarter alone, America added 164.6 billion in current-dollar dollars. This is equivalent to somewhere between the entire annual economy of Portugal and the entire annual economy of Venezuela (.pdf).

Such economic strength.

Let's hope our new socialist overlords don't wreck this.

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Posted by Will Franklin · 31 January 2007 04:36 PM

Note that Norway isn't in the EU. Switzerland and Iceland, also non-EU, have better growth rates than the rest of Old Europe.

Posted by: Assistant Village Idiot at January 31, 2007 06:29 PM