Gross domestic product, national income, disposable income, and real GDP all gradually increased from 2000 to 2010, with the exception of 2009 which saw a slight decrease due to the Great Recession. The economic growth rate peaked in 2000 at 4.1% before declining to a low of 1% in 2001 and then steadily increasing until reaching 3.8% in 2004, after which it gradually decreased to a low of 0.3% in 2008 during the Great Recession.

1. Data Mining
Selected Economics Statistics for Various
Years, 2000-2010
by Yahya Abdulqader
MBA 630 (01)

2. Data - Selected Economics Statistics for Various Years, 2000-2010
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Gross Domestic Product
10289.7 10625.3 10980.2 11512.2 12277 13095.4 13857.9 14480.3 14720.3 14417.9 14958.3
National Income
17740 18265.8 18776.4 19594.2 20903.6 22294.4 23874.4 24391.4 24515.8 23954.6 25067.2
Disposable Income
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)
12565.2 12684.4 12909.7 13270 13774 14235.6 14615.2 14876.8 14833.6 14417.9 14779.4
Economic Growth Rate
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, 2000-2010
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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
ECONOMICGROWTHRATE
STATISTICSINBILLIONSOFDOLLARS
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Series2
Series3
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Series5
Series6

4. Analysis - Selected Economics Statistics for Various Years, 2000-2010
• Gross Domestic Product: It has gradually increased from 2000 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, 2000-2010
• 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, 2000-2010
• 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, 2000-2010
• 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, 2000-2010
• Economic Growth Rate: In 2000, the rate was at its best at 4.1%. 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 2000 to 2010.