A Tweet claims trade makes up close to 30% of GDP today vs. 19.8% in 1990. Let's investigate the claim.
The Tweet makes the claim by adding up real exports and real imports and divides the total by real GDP. I created a chart in Fred.
(Real Exports + Real Imports) / Real GDP
I confirm the numbers but the idea seems silly. Why?
Exports add to GDP while imports subtract from GDP.
(Real Exports - Real Imports) / Real GDP
(Real Exports - Real Imports) / Real GDP Details
The chart shows NET exports as a percentage of GDP.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.