Source: Computed from OECD StatExtract and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Source: Computed from OECD StatExtract and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
The data is detrended at 1.9% per year – the trend rate of growth for the USA in the 20th century. A rising line means growth greater than 1.9% for that year, a falling line means growth of less than 1.9% for the year. A flat line is growth of 1.9% for that year.
Britain, Sweden and Denmark all grew quickly up until the 1970s in a period known as post-war catch up.In the 1970s and early 1980s, there was the British disease. The 1970s to the early 1990s was Swedosclerosis. There was a boom in the British economy subsequent to the economics of Mrs Thatcher.
Utopia, you are standing in it! 
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