How the American Economy has Changed in the 21st Century

HOW THE AMERICAN ECONOMY HAS CHANGED IN THE 21ST CENTURY



Industry as a Percentage of Gross Domestic Product



2000



2004



2008



2001



16%



14%



12%



10%



8%



6%



4%



2%



0%



Manufacturing



Construction



Professional & Business Services



Educational Services, Healthcare & Social Services



Government



Manufacturing declined from 14.2% of GDP in 2000 to just 11.5% of GDP in 2011



Construction declining from 4.7% of GDP in 2000 to just 3.5% of GDP in 2011



Professional & Business Services grew from 11.2% of GDP in 2000 to 12.5% of GDP in 2011



Education, Healthcare, & Social Services grew from 6.8% of GDP in 2000 to 8.7% of GDP in 2011



Government grew from 12.2% of GDP in 2000 to 13.2% of GDP in 2011



THE TOTAL GDP IN 2011 WAS $14.99 TRILLION DOLLARS



THIS MEANS...



Manufacturing made up 2.7% Less of the GDP in 2011 than it did in 2000. That's a decline of roughly $404 BILLION Dollars annually just since the year 2000!



$404 BILLION DOLLARS IS EQUIVALENT TO THE VALUE OF:



The entire GDP of the countries of Thailand, The United Arab Emirates, or Venezuela.



Government made up 1.0% More of the GDP in 2011 than it did in 2000. That's an increase of roughly $149 BILLION Dollars annually just since the year 2000!



$149 BILLION DOLLARS IS EQUIVALENT TO THE VALUE OF:



Over 23x the estimated $6.4 billion cost of the new eastern span of the Bay Bridge between Oakland and San Francisco.



Education, Healthcare, & Social Services made up 1.9% More of the GDP in 2011 than it did in 2000. That's an increase of roughly $284 BILLION Dollars annually just since the year 200!



$284 BILLION DOLLARS IS ENOUGH MONEY TO:



Pay for 4 years of tuition ($58,600 including room & board) at Yale University's 2012-13 costs for over 1.21 million students.



Construction made up 1.2% Less of the GDP in 2011 than it did in 2000. That's a decline of roughly $179 BILLION Dollars annually just since the year 2000!



$179 BILLION DOLLARS IS EQUIVALENT TO:



7x the estimated cost of the Big Dig project which was $24.3 billion in Boston, Massachusetts



Professional & Business Services made up 1.3% More of the GDP in 2011 than it did in 2000. That's an increase of roughly $194 BILLION Dollars annually just since the year 2000!



$194 BILLION DOLLARS IS ENOUGH MONEY TO:



Pay for 384 hours of professional legal consulting at $250/hour for each of the 2.02 million incarcerated individuals in the United States. HOW THE AMERICAN ECONOMY HAS CHANGED IN THE 21ST CENTURY Industry as a Percentage of Gross Domestic Product 12000 |2004 12008 12011 16% 14% 12% 10% 8% 6% 4%| 2% 0% Manufacturing Construction Professional & Educational Services, Government Business Services Healthcare & Social Services ★ Manufacturing declined from 14.2% of GDP in 2000 to just 11.5% of GDP in 2011 Construction declined from 4.7% of GDP in 2000 to just 3.5% of GDP in 2011 * Professional & Business Services grew from 11.2% of GDP in 2000 to 12.5% of GDP in 2011 * Education, Healthcare, & Social Services grew from 6.8% of GDP in 2000 to 8.7% of GDP in 2011 Government grew from 12.2% of GDP in 2000 to 13.2% of GDP in 2011 THE TOTAL GDP IN 2011 WAS $14.99 TRILLION DOLLARS THIS MEANS. Manufacturing made up 2.7% Less of the GDP in 2011 than it did in 2000. That's a decline of roughly $404 BILLION Dollars annually just since the year 2000! $404 BILLION DOLLARS IS EQUIVALENT TO THE VALUE OF: The entire GDP of the countries of Thailand, The United Arab Emirates, or Venezuela. Government made up 1.0% More of the GDP in 2011 than it did in 2000. That's an increase of roughly $149 BILLION Dollars annually just since the year 2000! $149 BILLION DOLLARS IS EQUIVALENT TO THE VALUE OF: Over 23x the estimated $6.4 billion cost of the new eastern span of the Bay Bridge between Oakland and San Francisco. Education, Healthcare, & Social Services made up 1.9% More of the GDP in 2011 than it did in 2000. That's an increase of roughly $284 BILLION Dollars annually just since the year 2000! $284 BILLION DOLLARS IS ENOUGH MONEY TO: Pay for 4 years of tuition ($58,600 including room & board) at Yale University's 2012-13 costs for over 1.21 million students. Construction made up 1.2% Less of the GDP in 2011 than it did in 2000. That's a decline of roughly $179 BILLION Dollars annually just since the year 2000! $179 BILLION DOLLARS IS EQUIVALENT TO: 7x the estimated cost of the Big Dig project which was $24.3 billion in Boston, Massachusetts Professional & Business Services made up 1.3% More of the GDP in 2011 than it did in 2000. That's an increase of roughly $194 BILLION Dollars annually just since the year 2000! $194 BILLION DOLLARS IS ENOUGH MONEY TO: Pay for 384 hours of professional legal consulting at $250/hour for each of the 2.02 million incarcerated individuals in the United States. Presented By: InctSoft Sources: http://www.bea.gov/itable/index.cfm http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 http://www.truecar.com/prices-new/cadillac/escalade-pricing/ http://baybridgeinfo.org/faq http://boston.cbeslocal.com/2012/07/10/new-estimate-puts-rising-big-dig-costs-at-24-3-million/ http://admissions.yale.edu/faq/what-current-tuition-yale http://www.dailypaul.com/157495/lst-place-united-states-2019234-prisoners-2nd-place-china