Thursday, June 6, 2013

Does Anyone Recall China's Remarkable GDP Growth? No, I Didn't Think So

From wiki:
From 1979 until 2010, China's average annual GDP growth was 9.91%, reaching an historical high of 15.2% in 1984 and a record low of 3.8% in 1990. 
Based on the current price, the country's average annual GDP growth in these 32 years was 15.8%, reaching an historical high of 36.41% in 1994 and a record low of 6.25% in 1999.
In 2012, China's real GDP growth was 7.8%.

So, that was China.

GDP growth for the United States was 2.5%, pretty good considering all the obstacles put in place by the administration to slow things down (kill the coal industry; deny Keystone XL; stop off-shore drilling; mandate ObamaCare; the sequester). 

Now, North Dakota: 13.4% real GDP in 2012.

The US: 2.5%.
China: 7.8%
North Dakota: 13.4%

CarpeDiem provides more data on North Dakota's growing economy.

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