GDP is up almost 50% in a decade!

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Real Estate Agent with Compass 01896887

Too often we look at financial markets by quarter, but it's interesting to see how they perform over a decade, further speaking to how we should look at everything with a more long term mentality.

Here is how US GDP, unemployment and the S&P 500 have performed over the past 10 years.

It's interesting to note how the US economy keeps growing over time regardless of major events.

GDP is up almost 50% in a decade!

And this is after a massive recession that more closely resembled a depression.

Most recessions have been far milder. The American economy is a SPECTACULAR machine indeed!

YEAR. GDP. Unemployment. S&P 500 EVENT

2009 $14.42 9.4% 1,144 Stimulus Act
2010 $14.96 9.6% 1,245 ACA, Dodd-Frank
2011 $15.52 9% 1,265 Japan earthquake
2012. $16.16 7.9%. 1,402 Fiscal cliff
2013 $16.69 6.7% 1,830 Sequestration
2014 $17.43 5.6% 2,040 QE ends
2015. $18.12. 5% 2,044 TPP, Iran deal
2016. $18.62 4.7%. 2,238 Presidential race
2017 $19.39 4.1%. 2,673 New Tax Act
2018 $20.5 3.9%. 2,506 Deficit spending
2019 $21.4 3.6% 3,145 Trade wars

*(WORLD BANK), GDP in Trillions

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Posted by

Joy BenderJoy Bender is the co-founder/owner of LuxurySoCalRealty with Compass. She has a passion for helping clients discover San Diego's coastal lifestyle. Specializing in second home buyers and relocation families moving to San Diego.  Joy will guide you to San Diego's finest homes.  
 

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