Friday, March 29, 2019

Your Good News of the Day: The United States of America is First Country in World History to Increase GDP by More than $1 Trillion in a Year!

The World Bank reported for 2017 that the US was about 25% of the total world GDP of around $80 trillion.  The World Bank reported the US at $19 trillion to China’s $12, Japan’s $5, Germany’s $4 and the UK’s $3.
For the year 2018, according to the US BEA, the US GDP landed at $20.9 trillion for the first time in history being above $20 trillion for the year.
The increase over last year’s record high is the largest in history.  The US GDP increased by more than $1 trillion for the first time in history!
Along with this, President Trump has managed to keep the debt to GDP ratio from increasing since he became President.  For 2018, the ratio is at the same amount as when he took over. 

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