Chart of the Day: The Economy Grew 1.9% in Obama’s Final Quarter

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Economic growth continued to be OK but not great at the end of 2016, growing at an annualized rate of 1.9 percent in the final quarter:

For the record, GDP grew from $14.4 trillion to $18.9 trillion under President Obama’s watch. Adjusted for inflation and population growth, that’s an increase in real per-capita GDP of 10 percent, or 1.25 percent per year. For comparison, here’s a chart of all OECD countries over the past eight years:

This isn’t adjusted for inflation, but it still gives you an idea of how things have been going around the world since the end of the Great Recession and how we compare. In case you’re curious, the two countries above us are Norway and Switzerland.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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