Data Mining - Power Point
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Gross domestic product, national income, disposable income, and real GDP all generally increased from 1995 to 2010, with the exception of 2009 during the Great Recession when gross domestic product and real GDP declined slightly. Economic growth rate peaked at 4.8% in 1999 and reached its lowest point of 0.3% in 2008 during the recession.
Data Mining - Power Point
- 1. Data Mining Selected Economics Statistics for Various Years, 1995-2010 by Yahya Abdulqader MBA 700 (01)
- 2. Data - Selected Economics Statistics for Various Years, 1995-2010 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Gross Domestic Product 7664 8100.2 8608.5 9089 9665.7 10289.7 10625.3 10980.2 11512.2 12277 13095.4 13857.9 14480.3 14720.3 14417.9 14958.3 National Income 12901.4 13735.4 14712.4 15678 16594.4 17740 18265.8 18776.4 19594.2 20903.6 22294.4 23874.4 24391.4 24515.8 23954.6 25067.2 Disposable Income 5532.6 5829.9 6148.9 6561.3 6876.3 7400.5 7752.3 8099.2 8486.7 9003.2 9401.8 10037.7 10507.9 10995.4 10937.2 11234.7 Real GDP (billions of 2009 dollars) 10163.7 10549.5 11022.9 11513.4 12071.4 12565.2 12684.4 12909.7 13270 13774 14235.6 14615.2 14876.8 14833.6 14417.9 14779.4 Economic Growth Rate 2.7 3.8 4.5 4.4 4.8 4.1 1 1.8 2.8 3.8 3.4 2.7 1.8 0.3 2.8 2.5
- 3. Chart - Selected Economics Statistics for Various Years, 1995-2010 0 1 2 3 4 5 6 0 5000 10000 15000 20000 25000 30000 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 ECONOMICGROWTHRATE STATISTICSINBILLIONSOFDOLLARS YEARS Gross Domestic Product National Income Disposable Income Real GDP (billions of 2009 dollars) Economic Growth Rate
- 4. Analysis - Selected Economics Statistics for Various Years, 1995-2010 • Gross Domestic Product: It has gradually increased from 1995 to 2010. However, there is an exception to that which is 2009 where the Gross Domestic Product has slightly decreased from $14720.3 in the previous year to $14417.9 billion. Obviously, the reason behind that is 2009 was the trough of the Great Recession which occurred between the years 2007 to 2009.
- 5. Analysis - Selected Economics Statistics for Various Years, 1995-2010 • National Income: The same interpretation can be applied here. However, the National Income has been stable during the period between mid-2006 to mid-2008.
- 6. Analysis - Selected Economics Statistics for Various Years, 1995-2010 • Disposable Income: The same interpretation can be applied here. However, it seems that the Disposable Income was not significantly impacted by the Great Recession.
- 7. Analysis - Selected Economics Statistics for Various Years, 1995-2010 • Real GDP: The same interpretation can be applied here. In addition, the chart shows that the gap between the GDP and the real GDP began to shrink gradually, starting from mid-2006 to be completely disappeared at the beginning of the year 2008.
- 8. Analysis - Selected Economics Statistics for Various Years, 1995-2010 • Economic Growth Rate: From 1995, the rate started to increase gradually until reached its best in 1999 at 4.8%. Soon, it began to fall sharply until reached its lowest at 1% in 2001. Then, it began to take a steady rise until topped at 3.8% in 2004. Later, the rate began to decline gradually until bottomed at only 0.3% in 2008, and this is the lowest economic growth rate for the period from 1995 to 2010.