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Saturday, July 28, 2018

Looking at GDP growth


In 2008, the year beginning Obama’s administration, the GDP was 14.83 trillion dollars. In 2016, at the end of Obama’s administration the GDP was 16.716 trillion dollars. That calculates out to slightly more the 1.5% GDP growth per year.

In 2017, the one full year of President Trump’s administration, the GDP was 17.096 trillion dollars. That calculates out to about 2.2% GDP growth for his first year in office. To me, this is a simple and straightforward way to look at GDP growth. It allows for comparing one administration to another. Once the Trump administration has more than one year of data, this comparison will  be more useful.

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