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Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
In the United States, the average household net adjusted disposable income per capita is USD 45 284 a year, much higher than the OECD average of USD 33 604 and the highest figure in the OECD. ^ "Income Distribution Database". stats.oecd.org. Retrieved March 4, 2023.
Economists have lowered their U.S. Gross Domestic Product forecast for 2021 and 2022, as well as economic growth as a whole, citing "a variant of the coronavirus against which the vaccines may be...
US GDP revised down in every first quarter from 2020 to 2022. Lucia Mutikani. ... In the first quarter of 2021, GDP increased at a 5.2% rate rather than the previously published 6.3% pace, with ...
Values are given in millions of United States dollars (USD) and have not been adjusted for inflation. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (April 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [ 2 ] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates. Nominal GDP does not take into account differences in the cost of ...
GDP (PPP) milestones by countries. [] The following is a list of countries reaching a certain threshold of GDP (PPP) in a specific year according to International Monetary Fund. [ 2 ] As for the Soviet Union, its GDP (PPP) reached 2.66 trillion USD in 1990, but it is unknown in which year did its economy surpass the 1 trillion and 2 trillion ...