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Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
English: Annualized real GDP growth rates under U.S. presidents from Eisenhower to Biden, sorted by growth rate. Data source: U.S. Bureau of Economic Analysis quarterly data through the first quarter of 2023. Democrats are in blue, Republicans are in red. The quarter in which a new president takes office is attributed to the incoming president.
The interest expense for fiscal year 2019 is $363 billion, or 7.9% of the total budget. According to estimates from the Office of Management and Budget, interest on government debt is expected to more than double by 2028 and account for a larger percentage of total expenditures. [10]
GDP growth was lowest under Trump and Obama.Benzinga's Take: The stock market is a leading economic indicator, and the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 19.8% in the last six months.That ...
U.S. gross domestic product grew by 6.5% in the second quarter, up slightly from earlier in the year but falling short of estimates. See: What Is the GDP -- and What Do You Need to Know About It?...
CBO also estimated that if policies in place as of the end of the Obama administration continued over the following decade (i.e., the January 2017 10-year forecast or baseline), real GDP would grow at approximately 2% per year, the unemployment rate would remain around 5%, inflation would remain around 2%, and interest rates would rise moderately.
The U.S. economy grew at an annualized rate of 1.3% in the first quarter of 2024, marking a downward revision from the advance estimate of 1.6%. This represents the slowest growth rate since the ...
The President's 2012 budget forecasts annual real GDP growth averaging 3.2% from 2011–2021 (3.7% from 2011–2016 and 2.6% from 2017–2021.) [83] The change in real GDP was -0.3% in 2008, -3.5% in 2009 and +3.0% in 2010. During 2011, real GDP increased at an annual rate of +0.4% during the first quarter and +1.0% during the second quarter.