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Quarterly USA Real GDP increased by 2.9% in 2017 Q4. Annual growth of 2.3% achieved in 2017
On April 19th 2018 the U.S.A. Bureau of Economic Analysis (BEA) released its latest set of data on US economy as measured by Real Gross Domestic Product for Q4 of 2017 as well as the annualized growth of Real GDP for 2017. Below...
The Far West Region of the USA achieved 3.9% growth in Per Capita Personal Consumption in 2016, according to the Bureau of Economic Analysis (BEA). In US$ terms Per Capita Personal Consumption increased to $41,707, up $1691 compared to 2015.
Per Capita Personal Consumption in the Far West is 5.2% higher than the national average of $39,664 in 2016, and...
In a post titled “$634bn of US Gross Domestic Product was lost as a result of the 2008 financial crash, equivalent to 24 Vermont’s”, I set out to quantify the impact of the crash on the national, regional and state economies. One of the observations in that post was that real gross domestic product actually increased in 12 states...
The collapse of the global bank Lehman Brothers in September 2008 may have brought down the world’s financial system had the remaining banks not been bailed out by the taxpayers of the world. The global nature of the financial sector meant a worldwide credit crunch followed and turned the economy downwards into a deep recession, the worst the world...
USA’s Transportation & Warehousing Sector contribution to Gross Domestic Product increased to $543bn in 2015, a rise of 112% from 1997
The Great Recession officially lasted for 6 quarters from the end of 2007 Q4 to 2009 Q2. Over that period Real Gross Domestic Product (RGDP) decreased by 4.3% and $634bn was wiped from the US economy in 18 months....
Texas’ Economy Lost $22.2bn during the 2008 Great Recession
The Texas’ economy is the second largest in the US after California but it fared better than most during what is now known as the Great Recession, including California. The 2008 financial crisis precipitated the deepest recession since the 1930’s. Real Gross Domestic Product (Real GDP) of the US economy declined...
New Mexico’s Economy Grew by $634m during the 2008 Great Recession
The Real Gross Domestic Product (Real GDP) of the US economy may have fallen by 4.3% during what has become known as the 2008 Great Recession, but New Mexico’s economy succeeded in growing by 0.8% in the same period and therefore technically avoided a recession. The 2008 financial crisis...
Oklahoma’s Economy Lost $2.1bn during the 2008 Great Recession
During the 2008 Great Recession in the US economy $634bn was wiped off Real Gross Domestic Product (Real GDP) between the economic peak in 2007 Q4 and the lowest point in 2009 Q2, a decline of 4.3%. In the same period Oklahoma’s economy fell by 1.4% as its Real GDP declined...
Arizona’s Economy Lost $31bn during the 2008 Great Recession
The US economy had peaked in 2007 Q4 before the 2008 financial crisis precipitated a recession that saw 4.3% wiped off Real Gross Domestic Product (Real GDP) before the economy bottomed out eighteen months later in 2009 Q2. Arizona’s economy performed much worse in that same period. Arizona’s Real GDP fell...
West Virginia’s Economy grew by $1.5bn during the 2008 Great Recession
The 2008 financial crisis may have precipitated what has now become known at the Great Recession, when the US economy shrunk by 4.3% and $634bn was wiped from Real GDP, but West Virginia’s economy proved to be remarkably resilient at the this time, so much so that it technically...
