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US industrial production and national debt 1980 - 2022

Structural changes in the course of the US industrial production since 1980

Made in USA

Update May 16th, 2023 - The industrial production in the US had been continuously increasing by and large during the twenty years from 1980 to 2000 (in the chart blue colored).


This has changed since the year 2000. Like in other industrial countries also in the USA three structural changes in the course of the industrial production emerged. Structural changes in the course of industrial production in industrialized countries


How do these three structural changes show up in the USA?


The impact of the world economic crisis 2008/2009 is unique within the last thirty years. In the US this crisis pushed production in 2010 below the level of ten years ago (periods of crisis red colored in the chart).


In the USA the halving of the duration between two crises to currently five years became apparent in the fact that the world economic crisis 2008/2009 followed the overcome of the crisis low in 2004 five years later.

After industrial production rose again in 2010, the next decline followed in 2015. In 2018, this was overcome for a year, then production went down again in 2019/2020.


Finally, the USA has also been affected by the extension of the duration of the crisis. It was not until 2014 that industrial production exceeded the pre-crisis level of 2007 - seven years later. In 2015, industrial production stagnated again. In 2020, five years later, industrial production not only sank below the 2015 level, but even below the 2012 level.

The industrial production in the USA from 1980 to 2022.

A further new structural change is the galloping national debt, which began with the world economy and financial crisis of the year 2008/2009. The articles about Japan and Great Britain confirm that the USA are no exception as the following diagram underlines.

National debt of the US from 1980 to 2022.

The diagram shows how the galloping national debt as a percentage of the gross national product began with the year 2008.

The new economic crisis of 2019/2020 will be countered with new, growing public debt, which will be saddled on top of the huge mountain of public debt of 2018 at 124% of the gross national product (2020).

USA: Utilization of capacity

Utilization of capacity 1967 - 2022: Long-term decrease