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Monday, December 29, 2008

Real GDP Per Capita

Per capita real GDP was slightly negative 'year over year' through the 3rd quarter.

Many forecasts project this recession to be the worst since the Great Depression. If true, expect this figure to drop significantly below the -4% level seen in the recessions of the 1970's or early 1980's.

Note that the ten year rolling annual average real GDP growth per capita has slipped to 1.3% as of September 2008, which is the lowest print since 1984.

Source: BLS / BEA