image missing
Date: 2022-05-27 Page is: DBtxt003.php L0900-MBF-World-GDP-1966-2006
MONEY, BANKING and FINANCE
WORLD GDP GROWTH
What this shows
 •   World GDP from 1966 to 2014.
 •   Canada and US (North American) GDP for the same period.
What this shows in addition
 •   In the 1970s the USA experienced 'stagflation', but the world total GDP grew after the oil price realignment of 1973.
 •   In the 1980s World GDP growth slowed first and then accelerated.
 •   In the 1990s World GDP grew, then slowed, then grew again.
 •   After 2000, World GDP grew rapidly until 2008 when the financial system crashed.
 •   After major bail-out of the international banking system, world GDP recovered and continued to grow.
Note: GDP is NOT a good economic metrics
 •   Important caveat: problems with GDP as a metric of economic performance have been highlighted since the 1960s.
SITE COUNT Amazing and shiny stats
Copyright © 2005-2021 Peter Burgess. All rights reserved. This material may only be used for limited low profit purposes: e.g. socio-enviro-economic performance analysis, education and training.