Monday, April 11, 2011

US Per Capita GDP in Ounces of Gold 1929-2010

In 1929, the per capita Gross Domestic Product (GDP) in the US was approximately 40 troy ounces of gold. Ironically, the per capita GDP in America in 2010 was again, 40 troy ounces of gold.

[click to enlarge]

According to Investopedia:
The gross domestic product (GDP) is one of the primary indicators of a country's economic performance. It is calculated by either adding up everyone's income during the period or by adding the value of all final goods and services produced in the country during the year. Per capita GDP is sometimes used as an indicator of standard of living as well, with higher per capita GDP being interpreted as having a higher standard of living.
Source: Investopedia

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