Monday, October 29, 2012

Historical GDP Data

Who's gonna tell you when
It's too late
Who's gonna tell things
Aren't so great
--The Cars

Quick post to record a link to historical GDP data. US govt began 'officially' measuring GDP in 1930. National output prior to 1930 must be estimated. The site is operated by two profs at the University of Illinois and cursory review of methods suggests validity.

Plan to test drive the data soon...

1 comment:

dgeorge12358 said...

Our estimates suggest that a tax increase of 1 percent of GDP reduces output over the next three years by nearly 3 percent. The effect is highly significant.
~Christina Romer