Thursday, July 18, 2013

40 Stats That Prove The U.S. Economy Has Already Been Collapsing Over The Past Decade

"The following are 40 stats that prove the U.S. economy has already been collapsing over the past decade...
#1 According to the World Bank, U.S. GDP accounted for 31.8 percent of all global economic activity in 2001.  That number dropped to 21.6 percent in 2011.
#2 The United States was once ranked #1 in the world in GDP per capita.  Today we have slipped to #14.
#3 The United States has fallen in the global economic competitiveness rankings compiled by the World Economic Forum for four years in a row.
#4 Since the year 2000, the size of the U.S. national debt has grown by more than 11 trillion dollars.
#5 Back in the year 2000, our trade deficit with China was 83 billion dollars.  Last year, it was 315 billion dollars.
#6 In the year 2000, about 17 million Americans were employed in manufacturing.  Today, only about 12 million Americans are employed in manufacturing.
#7 The United States has lost more than 56,000 manufacturing facilities since 2001.
#8 The United States has lost a staggering 32 percent of its manufacturing jobs since the year 2000.
#9 Between December 2000 and December 2010, 38 percent of the manufacturing jobs in Ohio were lost, 42 percent of the manufacturing jobs in North Carolina were lost and 48 percent of the manufacturing jobs in Michigan were lost.
#10 Back in 1998, the United States had 25 percent of the world’s high-tech export market and China had just 10 percent. Today, China’s high-tech exports are more than twice the size of U.S. high-tech exports..."

at http://theeconomiccollapseblog.com/archives/40-stats-that-prove-the-u-s-economy-has-already-been-collapsing-over-the-past-decade

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