Real GDP Since 1930

by: Tim Iacono

Curious to see what annual GDP growth since the Great Depression might look like, a chart was promptly whipped up. It's a bit surprising, particularly the World War II era.
IMAGE Click to enlargeSo much attention is paid to the annualized quarterly economic growth rates that you forget what things look like from year-to-year. The last recession in 2001 did not produce a contraction when measured over a calendar year, however, the three prior ones did in 1991, 1982, and 1980 with declines of 0.2 percent, 1.9 percent, and 0.2 percent, respectively.

Unless a second half rebound materializes, that 1982 mark will be tested (if not shattered).

The World War II period is pretty fascinating - who says war isn't good for the economy?