US GDP in 1900 was $0.59 trillion dollars (in today’s US currency). We can calculate the average annual growth rate. Author, civilizational critic, long-term thinker, researcher, speaker. Can the US and comparable economies grow at rates in the 21st century that were “normal” in the 20th? Indeed, if rates in the US or comparable nations fall below 2 percent, analysts warn of “slow growth.” Moreover, in recent years there has been consternation as Chinese economic growth rates have fallen from 9 or 10 percent per year to 7. During the 20th century, the US economy grew at an average compound rate of 3.2 percent. Every week or two I will add a new post. Stanley Engerman and Robert Gallman (Chicago: University of Chicago Press, 1986). Agriculture, which had been the nation's primary employer throughout the previous century, was gradually being replaced by industry. The 1900s Business and the Economy: OverviewAmerica's business and economic sectors changed dramatically during the first decade of the twentieth century. Growth rates of 2 or 3 percent per year, modest when considered over the short term, will, over several decades, cause an economy to double and redouble in size. Click to change chart. The year 2000 is marked with an open circle, to highlight the 20th century. 1920–1939: The Roaring Twenties and the Great Depression. If you’d like to create your own custom chart, you should use the table above to make your selections. US Gross Domestic Product 1900-2010 Click to see or download numbers. Civilization Critical: Energy, Food, Nature, and the Future is now available. The time-frame is 1900 to 2016. If the US economy grows at 2 percent per year throughout the 21st century, by 2100 the US economy alone will be more than twice as large as the global economy of 2000. US real GDP growth by year took a nosedive and the whole country was plunged into despair, with thousands of people losing their jobs and their fortunes.. It’s difficult to pin down one event as the cause of this severe economic downturn. I have experience and skills in locating historic data. Can we multiply the sizes of already-large national economies five- or ten-fold this century? If you’d like to create your own custom chart, you should use the table above to make your selections. The Great Depression was the worst economic period in American history. Graph sources: United States GDP: US Deptartment of Commerce, Bureau of Economic Analysis, NIPA Table 1.1.5; and Louis Johnston and Samuel Williamson, “What Was the U.S. GDP Then?” MeasuringWorth, https://www.measuringworth.com/usgdp/ . The period from which the weights for a measurement series are derived. US GDP in 1900 was $0.59 trillion dollars (in today’s US currency). Annual percentage growth rate of GDP at market prices based on constant local currency. Whenever possible, the graphs will cover time-periods reaching back centuries or millennia. This graph shows the increasing sizes of the US and Canadian economies. Data from 1900 to 1928 is adapted from the 2018 Maddison Project Database. The units are trillions of US or Canadian dollars, and all figures are adjusted for inflation, that is, they are stated in 2016 dollars. For non-commercial purposes, I encourage reusing, sharing, and reprinting my graphs, so long as proper credit is given and a link to this site is included. United States GDP (Gross Domestic Product) was INT$18,418.13billion for 2019 in PPP …

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