U.S. GDP PER CAPITA INCREASED MOST AMONG G7 COUNTRIES SINCE 2016

KEY POINTS:

  • U.S. gross domestic product (GDP) per capita increased by $2,315 from 2016 through 2018.
  • This was the largest increase among G7 countries over this period, increasing $704 more than the next-highest country (Germany).
  • Over the same period, GDP per capita in other G7 countries increased by $1,226 on average.

ECONOMIST CORNER:

The U.S. economy had widely outperformed its G7 peers since 2016. One indicator of this performance has been the increase in GDP per capita, or the amount of output produced by the population. Relative to other G7 countries, the U.S. has experienced the largest increase in GDP per capita ($2,315). This performance has been supported by pro-growth policies, including tax reform and deregulation, that have increased investment in the U.S.

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