Nominal GDP came in at a revised $28.255 trillion.
Sounds like a lot, right?
Here's the big picture.
From 1947 to 2000, nominal GDP grew at a compound annual rate of 7.26%.
From 2000 to 2024, nominal GDP grew at a compound annual rate of 4.42%, 39% lower.
The year 2000 marks the US opening to China, and the great wealth transfer out of the US from the middle class under globalism, creating new middle classes there and elsewhere.
We are poorer for it, but we have lots more billionaires now and you can read all about it on your Apple iPhone made by slave labor while you eat your 40% more expensive hamburger from McDonalds since 2019.
