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Tuesday, August 24, 2010

GDP Breakdown by Decade

On the road today, so I will miss what Calculated Risk (i.e. the expert) believes will be a massive miss in existing home sales (consensus is currently in the range of 4.7 million units... Calculated Risk is calling for a bit above 4 million).

What I do have to offer is an update on the economy over the LONG term. Last week, EconomPic detailed that the economy grew just 1.62% annualized over the past decade in real terms (the lowest level since the 1950's). The below goes back farther and details the components that make up GDP for each decade.

Source: BEA