The Facts of Economic Growth - Stanford University
1.1 Modern Economic Growth Fig. 1 shows one of the key stylized facts of frontier growth: For nearly 150 years, GDP per person in the US economy has grown at a remarkably steady average rate of around 2% per year. Starting at around $3,000 in 1870, per capita GDP rose to more than $50,000 by 2014, a nearly 17-fold increase.
DA: 46 PA: 84 MOZ Rank: 40 Up or Down: Up