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US GDP revisions illustrated

World economy

SAO PAULO | By Marcus Nunes | The amendments made on the way the US GDP is measured favoured higher positive figures, but the rate of growth has not changed in any significant way.

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The level of output has increased

GDP Revision_1

It seems we’ve been getting “richer” over time. The chart shows that the revised GDP has been getting proportionately higher.

GDP Revision_2

But the rate of growth has not changed in any significant way.

GDP Revision_3

Basic growth statistics over the 1947 – 2013 interval.

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