Real GDP Plunged 0.00004% in 2008

Here’s an odd statistical note:

In 2007, GDP in chained millions of dollars came in at $13,228,853. In 2008, it dropped to $13,228,848.

That’s a drop of 0.00004%.

That means that 200-million plus consumers made countless economic decisions every day for a year and the total output for two consecutive years was almost perfectly identical.

Few things are as surprising as the past.

In 2009, real GDP fell by 2.6%. This Friday we’ll get the GDP for the fourth quarter of 2010. Real GDP probably grew around 2.8% to 3.0% last year.

Posted by on January 24th, 2011 at 10:49 am


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