One could argue that in a world subject to the inevitability of business cycles, the United States is overdue for a recession. During the 60 year period from 1950 to 2010, the US economy experienced 10 recessions, averaging one recession every six years. In contrast, the longest period of uninterrupted economic growth was just shy of 10 years. The US is now in the midst of nine years of economic growth with the last "Great Recession" a fading memory for some. Will 2019 bring recession to the US?
In today's Viz of the Day, we visualize some of the current standard economic indicators so that you can evaluate the same information used by policymakers and investors to estimate the health of the US economy. Interested in learning more about economic recessions globally? You may also enjoy, 40 Years in Financial Crises.
The United States being the biggest economy in the world significantly influences the global economic situation. The US economy is comprehensively covered by data and statistics from multiple government and private sources. We selected the most significant and up-to-date ones and presented them in this cheat sheet.
What is the expenditure approach? The expenditure method to calculating GDP is an approch that totals consumption, investment, government spending, and net exports (exports minus imports).
Historical Data 1970-2012 GDP at current US$ GDP at current PPP int.$ Real GDP Growth GDP Ranking GDP by country GDP per capita GDP per capita Ranking General indicators of economic development: charts, tables, rankings, maps, historical data See also: Agriculture | Commodities | Demographics | Economics | Education | Energy | Environment | Exchange Rates | Food Security | Foreign Trade | Healthcare | Land Use | Poverty | Research and Development | Telecommunication | Tourism | Transportation | Water | World Rankings
Source: UN National Accounts
Source: IMF World Economic Outlook, April 2014