If the US Economy Could Keep Up with the Canadian Economy

Is it too high a standard for the United States to try to keep up with the Canadian economy ?

Index Mundi keeps track of the GDP for countries based on the average real exchange rate in that year. Index Mundi has that information for the United States and for Canada.

The GDP and GDP growth for 5 Year Intervals for the last 30 years


        USA  5yr growth   Canada   5 year GDP growth 
1980    2788.2            268.9 
1985    4217.5   51%      355.7     32%
1990    5800.5   38%      582.7     64%
1995    7414.6   28%      590.5      1.3%
2000    9951.5   34%      724.9     23%
2005   12623.0   27%     1133.7     56%
2010   14526.6   15%     1577.0     39%


             USA           Canada
Last 30 yrs  421%          487%
Last 25 yrs  244%          343%
Last 20 yrs  150%          171%
Last 15 yrs   96%          167%
Last 10 yrs   46%          118%
Last 5 yrs    15%           39%
If the USA kept up with Canada the GDP in 2010 would have been (instead of 14.5 trillion)

Last 30 yrs  16.35 trillion   (1.8 trillion more)
Last 25 yrs  18.7 trillion    (4.2 trillion more)
Last 20 yrs  15.7 trillion    (1.2 trillion more)
Last 15 yrs  19.8 trillion    (5.3 trillion more)
Last 10 yrs  21.6 trillion    (7.1 trillion more)
Last 5 yrs   17.6 trillion    (3.1 trillion more)

The Canadian dollar was basically on par with the US dollar in 2011.

Canada's GDP in 2011 was $1.72 trillion.

The US had 15.1 trillion in GDP at the end of 2011

Canada moved up 8.9% on a real GDP basis and the US went up 3.9%. So Canada had another 5% increase over the US in 2011.

There are several things that the US could do to improve its economy which I have listed in another article.

Improvements to infrastructure (worth about 150 billion per year incrementally for each year)
Improvements to communication and broadband (worth about $375 billion to the current economy, improvement can be repeated)
Improvements to education (worth about 230 billion per year incrementally assuming a catch up over ten years)
Improvements to energy (worth about 100 billion per year incrementally)

Taxes and Pensions can also be fixed.

Canada only spends 15.9% GDP on federal government vs the US which spends 24% now.

However, the fixes listed here can be done a few at a time with or without tax and pension reform.

If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks

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If the US Economy Could Keep Up with the Canadian Economy

Is it too high a standard for the United States to try to keep up with the Canadian economy ?

Index Mundi keeps track of the GDP for countries based on the average real exchange rate in that year. Index Mundi has that information for the United States and for Canada.

The GDP and GDP growth for 5 Year Intervals for the last 30 years


        USA  5yr growth   Canada   5 year GDP growth 
1980    2788.2            268.9 
1985    4217.5   51%      355.7     32%
1990    5800.5   38%      582.7     64%
1995    7414.6   28%      590.5      1.3%
2000    9951.5   34%      724.9     23%
2005   12623.0   27%     1133.7     56%
2010   14526.6   15%     1577.0     39%


             USA           Canada
Last 30 yrs  421%          487%
Last 25 yrs  244%          343%
Last 20 yrs  150%          171%
Last 15 yrs   96%          167%
Last 10 yrs   46%          118%
Last 5 yrs    15%           39%
If the USA kept up with Canada the GDP in 2010 would have been (instead of 14.5 trillion)

Last 30 yrs  16.35 trillion   (1.8 trillion more)
Last 25 yrs  18.7 trillion    (4.2 trillion more)
Last 20 yrs  15.7 trillion    (1.2 trillion more)
Last 15 yrs  19.8 trillion    (5.3 trillion more)
Last 10 yrs  21.6 trillion    (7.1 trillion more)
Last 5 yrs   17.6 trillion    (3.1 trillion more)

The Canadian dollar was basically on par with the US dollar in 2011.

Canada's GDP in 2011 was $1.72 trillion.

The US had 15.1 trillion in GDP at the end of 2011

Canada moved up 8.9% on a real GDP basis and the US went up 3.9%. So Canada had another 5% increase over the US in 2011.

There are several things that the US could do to improve its economy which I have listed in another article.

Improvements to infrastructure (worth about 150 billion per year incrementally for each year)
Improvements to communication and broadband (worth about $375 billion to the current economy, improvement can be repeated)
Improvements to education (worth about 230 billion per year incrementally assuming a catch up over ten years)
Improvements to energy (worth about 100 billion per year incrementally)

Taxes and Pensions can also be fixed.

Canada only spends 15.9% GDP on federal government vs the US which spends 24% now.

However, the fixes listed here can be done a few at a time with or without tax and pension reform.

If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks

logo

Don’t miss the latest future news

Subscribe and get a FREE Ebook