Economic Growth Has Slowed Since 2000

By: Andrew Lundeen, Kyle Pomerleau

Since 2000, GDP growth in the U.S. has been persistently low, averaging about 2 percent. This is much lower than the economic growth we saw in the past.

Between 1970 and 2000, GDP growth averaged above 3 percent. In fact, in multiple years throughout 1970s, 1980s, and 1990s, the economy grew at rates above 4 percent.

The recent trend toward slower growth in the U.S. is troubling, but its a trend that better economic policy can reverse.

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About the Authors

Andrew Lundeen

Director of Federal Projects
Kyle Pomerleau Tax Foundation

Kyle Pomerleau

Resident Fellow, American Enterprise Institute

Kyle Pomerleau is a resident fellow at the American Enterprise Institute (AEI), where he studies federal tax policy.

Before joining AEI, Mr. Pomerleau was chief economist and vice president of economic analysis at the Tax Foundation, where he led the macroeconomic and tax modeling team and wrote on various tax policy topics, including corporate taxation, international tax policy, carbon taxation, and tax reform.