GDP Growth Highest in 37 Years

May 31, 2022

In 2021, U.S. real gross domestic product (GDP) — the value of goods and services produced in the United States — grew by 5.7%, the highest annual rate since 1984. This marked a strong recovery from 2020, when GDP dropped by 3.4%. Real GDP is adjusted for inflation to more accurately compare economic output at different periods. Current-dollar GDP, typically used to measure the overall size of the economy, increased by an even more impressive 10.1%.

gdp-growth-chart

All Securities Through Money Concepts Capital Corp., Member FINRA / SIPC

11440 North Jog Road, Palm Beach Gardens, FL 33418 Phone: 561.472.2000

Copyright 2010 Money Concepts International Inc.

Investments are not FDIC or NCUA Insured

May Lose Value - No Bank or Credit Union Guarantee

This communication is strictly intended for individuals residing in the state(s) of MI. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.

An alarm clock is sitting on a desk next to a calculator and a sticky note that says `` tax time ''.

Get Ready for Tax Time

January 27, 2025
Tax season might not be your favorite time of the year, but a little preparation can help make the tax filing process as smooth and painless as possible.
An elderly couple is walking a dog in a park.

Accounts for Two: A Team Approach to Retirement Savings

January 27, 2025
With dual careers, many spouses accumulate assets in separate retirement accounts. Each might have funds in an employer-sponsored plan and an IRA.
A man and two children are ice skating on a rink.

Key Retirement and Tax Numbers for 2025

January 27, 2025
Here are a few of the key cost-of-living adjustments for 2025.
A man and a woman are looking at a laptop computer.

Steady Growth in Real Wages

January 27, 2025
Wages rose strongly with inflation beginning in mid-2021, but the pace of price increases was faster than wage increases, leading to a loss of buying power despite higher income.
Show More