US GDP revisions illustrated

The level of output has increased

GDP Revision_1

It seems we’ve been getting “richer” over time. The chart shows that the revised GDP has been getting proportionately higher.

GDP Revision_2

But the rate of growth has not changed in any significant way.

GDP Revision_3

Basic growth statistics over the 1947 – 2013 interval.


About the Author

Marcus Nunes
João Marcus Marinho Nunes is a partner of Phynance Estratégias Quantitativas e Investimentos and a professor of Economics at Fundação Getúlio Vargas in São Paulo, Brazil. He also blogs here:

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