Thursday, February 28, 2013

Wunderbar: Real per capita US GDP was $7 higher than we had thought!

Using the same data sources I listed in U.S. real GDP per capita is almost back to 2006 levels and the updated 2012 real GDP figure available from the BEA, we find that real per capita GDP in the U.S. in 2012 was $13.6 trillion 2005 dollars divided by 315.1 million resident population.

Rounding up, that comes to about $43,134 2005 dollars.

That is almost seven dollars higher then we had previously thought before the second revision to the 2012 fourth quarter GDP estimate.

Still, even with this change, 2012 real per capita US GDP falls short of the 2006 level by a whopping $36.

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