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Growth: Since Biden took office, the U.S. economy has grown 8.4% when adjusted for inflation, versus a 6.5% growth rate for the same time period under Trump, though the economy was growing at a ...
On seven key metrics, Biden has a 4-3 edge. Biden bests Trump on overall job growth, manufacturing jobs, GDP growth, and exports. Trump wins on stock market performance, real-income growth, and ...
In January 2021—the final month of Donald Trump’s presidency—the U.S. Consumer Price Index (CPI) rose by a 1.4 percent annualized rate, compared to 3.2 percent in February 2024 under the ...
* The COVID-19 pandemic and the Great Resignation had a dramatic influence in statistics presented, including a sharp increase in unemployment rate at the time of changes from Trump to Biden. Annualized change in unemployment rate over each presidency from Truman to Biden, ordered from best-performing to worst-performing economic performance.
Trump’s price hit a low of $1.22 in August 2019. When Biden took office in January 2021, a dozen eggs cost $1.47. In February 2022, it rose to $2 and has never receded below that mark since.
This would be a significant reduction to the budget deficits of $3.1 trillion (15.0% GDP) in FY2020 (the last fiscal year fully budgeted by President Trump) and $2.8 trillion (12.4% GDP) in FY2021. Those two record annual budget deficits were unusually high, primarily due to response measures to the Coronavirus pandemic.
With the election of President Biden and the initiation of new economic policies, 2024 is painting a much brighter picture, with Gross Domestic Product (GDP) surging by 5.5%.
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.