What was the GDP for 2008?
$14,769,900 million
GDP improves in United States The GDP figure in 2008 was $14,769,900 million, United States is the world’s leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish.
How did GDP change from 2008?
New statistics released today by the U.S. Bureau of Economic Analysis show that economic growth slowed in most states and regions of the U.S. in 2008 as economic growth overall slowed. Growth in real U.S. GDP by state slowed from 2.0 percent in 2007 to 0.7 percent in 2008.
Is Australia GDP increasing or decreasing?
Australian economy contracted 1.9% in the September quarter 2021. Gross Domestic Product (GDP) fell 1.9% this quarter reflecting reduced activity due to extended lockdowns across NSW, Victoria and the ACT. GDP in the September quarter 2021 was 0.2% below December 2019 pre-pandemic levels.
Why did GDP decrease in 2008?
The U.S. economy was being driven by a housing bubble. When it burst, private residential investment (i.e., housing construction) fell by over four percent of GDP. Consumption enabled by bubble-generated housing wealth also slowed. This created a gap in annual demand (GDP) of nearly $1 trillion.
What was the real GDP in 2019?
The real GDP of the U.S. has increased from 9.37 trillion U.S. dollars (2012 chained) in 1990 to 18.42 trillion U.S. dollars in 2020….
| Year | GDP in billion chained (2012) U.S. dollars |
|---|---|
| 2019 | 19,032.7 |
| 2018 | 18,687.8 |
| 2017 | 18,144.1 |
| 2016 | 17,730.5 |
Why did GDP increase in 2009?
The Economy Began Growing in Mid-2009 Economic activity as measured by real (inflation-adjusted) gross domestic product (GDP) was contracting sharply when policymakers enacted the financial stabilization bill (TARP) and the American Recovery and Reinvestment Act.
What is the gross domestic product of Australia?
The Gross Domestic Product (GDP) in Australia was worth 1323.42 billion US dollars in 2017. The GDP value of Australia represents 2.13 percent of the world economy. GDP in Australia averaged 417.40 USD Billion from 1960 until 2017, reaching an all time high of 1573.70 USD Billion in 2013 and a record low of 18.60 USD Billion in 1960.
What is the GDP of Australia in US dollars?
The Gross Domestic Product (GDP) in Australia was worth 1330.90 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Australia represents 1.18 percent of the world economy.
How much did Australia’s economy grow in 2010?
Australia’s economic performance improved in the following years, with GDP growth averaging 2.7% from 2010 to 2013. Structure of Australian Gross Domestic Product
When was Australia GDP last updated?
This page provides – Australia GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia GDP – values, historical data and charts – was last updated on September of 2021.