Timmy Elsewhere

At the GI.

America\’s economy is shrinking as a portion of the glbal one. Great.

1 thought on “Timmy Elsewhere”

  1. I think he’s used nominal $ data – the chart looks very much like the main factor in how much US Gdp is as a % of world is not relative growth rates, but the dollar (peaks in 1985 and 2000, lows in 2008).

    On a PPP basis the trend is much less erratic, mainly downwards, albeit slowly.

    1980 – 24.6%
    1985 – 25.2%
    1990 – 24.8%
    1995 – 23.0%
    2000 – 23.6%
    2005 – 22.3%
    2007 – 21.3%
    2010 – 19.7% (forecast)

    This is, of course, mainly to do with China.

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