GDP GROWTH
· Average GDP growth per year under Democratic Presidents: 3.47%
· Average GDP growth per year under Republican Presidents: 2.4%
|
Year |
% Growth |
Administration |
Year |
%Growth |
Administration |
|
1961 |
2.3 |
\ |
1993 |
2.6 |
\ |
|
1962 |
6.1 |
| Kennedy (D) |
1994 |
4.1 |
| |
|
1963 |
4.4 |
/ |
1995 |
2.2 |
| |
|
|
|
|
1996 |
4.4 |
| Clinton (D) |
|
1964 |
5.8 |
\ |
1997 |
4.5 |
| |
|
1965 |
6.4 |
| |
1998 |
4.9 |
| |
|
1966 |
6.5 |
| Johnson (D) |
1999 |
4.8 |
| |
|
1967 |
2.5 |
| |
2000 |
3.0 |
/ |
|
1968 |
4.8 |
/ |
|
|
|
|
|
|
|
2001 |
0.2 |
\ |
|
1969 |
2.0 |
\ |
2002 |
2.0 |
| |
|
1970 |
-0.2 |
| |
2003 |
4.3 |
| |
|
1971 |
4.4 |
| Nixon (R) |
2004 |
3.4 |
| Bush II (R) |
|
1972 |
6.9 |
| |
2005 |
3.0 |
| |
|
1973 |
4.0 |
| |
2006 |
2.6 |
| |
|
1974 |
-1.9 |
/ |
2007 |
2.2 |
| |
|
|
|
|
2008 |
-2.5 |
/ |
|
1975 |
2.6 |
\ Ford (R) |
|
|
|
|
1976 |
4.3 |
/ |
2009 |
0.1 |
\ |
|
|
|
|
2010 |
2.8 |
| |
|
1977 |
5.0 |
\ |
2011 |
1.5 |
| |
|
1978 |
6.7 |
| Carter (D) |
2012 |
1.6 |
| Obama (D) |
|
1979 |
1.3 |
| |
2013 |
3.0 |
| |
|
1980 |
0 |
/ |
2014 |
2.7 |
| |
|
|
|
|
2015 |
2.1 |
| |
|
1981 |
1.3 |
\ |
2016 |
2.2 |
/ |
|
1982 |
-1.4 |
| |
|
|
|
|
1983 |
7.9 |
| |
2017 |
3.0 |
\ |
|
1984 |
5.6 |
| Reagan (R) |
2018 |
2.1 |
| Trump (R) |
|
1985 |
4.2 |
| |
2019 |
3.2 |
| |
|
1986 |
2.9 |
| |
2020 |
-1.1 |
/ |
|
1987 |
4.5 |
| |
|
|
|
|
1988 |
3.8 |
/ |
2021 |
5.4 |
\ |
|
|
|
|
2022 |
0.7 |
| Biden (D) |
|
1989 |
2.7 |
\ |
2023* |
3.1 |
| |
|
1990 |
0.6 |
| Bush (R) |
|
|
/ |
|
1991 |
1.2 |
| |
|
|
|
|
1992 |
.4 |
/ |
|
|
|
*estimate
Republicans
President Average GDP %
Nixon 2.53
Ford 3.45
Reagan 3.6
Bush 1.26
Bush II 1.9
Trump 1.8
Democrats
President Average GDP %
Kennedy 4.27
Johnson 5.2
Carter 3.25
Clinton 3.81
Obama 2
Biden 3.07
·Source:1962-1971: Economic Report of the President (ERP) 2008 Table B-4: https://fraser.stlouisfed.org/files/docs/publications/ERP/2008/ERP_2008.pdf
·1971-2023:Economic Report of the President (ERP) 2024 Table B-1:
https://www.whitehouse.gov/wp-content/uploads/2024/03/ERP-2024.pdf
AO 08/24