gdp   1852

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The Power of Nations: Measuring What Matters | International Security | MIT Press Journals
Therefore, dividing GDP by population controls for some of the costs that make the difference between a state's gross and net resources. Combining GDP with GDP per capita thus yields an indicator that accounts for size and efficiency, the two main dimensions of net resources.
gdp  history  economichistory  power 
7 days ago by yorksranter
GDP: Trump tariff, trade war hit to economy • Business Insider
Bob Bryan:
<p>There's mounting anecdotal evidence that President Donald Trump's trade war is causing trouble for the US economy and businesses. But Friday's report on third-quarter gross domestic product may be the best hard evidence yet that the tariffs are causing major disruptions in the economy.

GDP rose at an annualized rate of 3.5% in the third quarter. But the contribution of net exports of goods and services — the measure of how much trade added or subtracted to GDP growth — was a dismal -1.78 percentage points.

It was the largest negative contribution to GDP growth for trade in 33 years; in the second quarter of 1985, trade subtracted 1.91 points.

In other words, if trade were a net neutral, neither adding to nor subtracting from GDP growth, third-quarter GDP growth would have been a dynamite 5.3%.

If trade had matched its average contribution since 2015, a 0.33-point drag, GDP growth would have come in at 5%.</p>

It is counterintuitive that what looks like a really strong GDP figure is hiding problems, but inventory build by companies trying to get ahead of tariffs in the past quarter won't be repeated. Which implies a big GDP slowdown in the next quarter.

Of course, if the Democrats get a solid (or even middling) win in the midterm elections, Trump and his media proxies will blame them. If the Republicans hang on, any slowdown will be someone else's fault.
gdp  us  trade  tariffs 
10 days ago by charlesarthur
RT : Watch the growth from 1960 to 2017.

How will the top 10 countries rank in 2050?

GlobalTrade  GDP  maritime  from twitter
13 days ago by edelagrave
Government and Military Spending Fuel U.S. Growth - WSJ
Defense shifted from contracting at a 2.1% annual rate between June 2009 and March 2017, to growing at a 2.9% rate since April 2017. The turnaround added 0.21 percentage points on average to the nation’s overall economic growth rate, according to Commerce Department figures.

When including faster spending on nondefense items and spending at the state and local levels, increased government spending accounted for 0.34 percentage point of the 0.7 percentage point increase in the growth rate since April 2017, or nearly half.
gdp  governmentspending 
21 days ago by brycecovert
Thr $80 Trillion World (Global of all countries) in one chart
Interesting fact: $2.1 Trillion in the…
GDP  Economy  from twitter_favs
29 days ago by TomRaftery
Questions · Patrick Collison
A great set of big questions to think about. Lots of idea to build off of based on how the questions are asked.
questions  entrepreneurship  academia  publishing  transit  gdp  cities 
5 weeks ago by rosszurowski

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