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Politics : View from the Center and Left

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To: Broken_Clock who wrote (103222)	2/5/2009 12:51:50 PM
From: TimF	Read Replies (1) of 542685

Your comment isn't relevant to productivity. As for industrializing. Well industrial production certainly was growing at a faster rate quite some time ago, than it has been in recent years, but we produce more now (in real per capita terms, not just nominal terms). As for exporting at a rapid pace, exports, even in the midst of this downturn, are larger in real per capita terms than they where in the 20s. Even in percentage of GDP terms, are exports are probably higher (and where recently much higher) than they where in the 20s. -------------- Page 1 U.S. EXPORTS FACT SHEET February 13, 2007 EXPORT OVERVIEW In 2006 U.S. exports grew by 12.7 percent over 2005 to $1.4 trillion, while imports increased 10.5 percent to $2.2 trillion. To compare, in 2005 Japan’s GDP was $4.91 trillion and Russia’s GDP was $733 billion. Exports comprised 11.1 percent of U.S. GDP in 2006, the highest ever in dollar terms. It was 5.2 percent 50 years ago and 9.6 in 2002 PDF link commerce.gov HTML link 74.125.47.132

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