Period

1871-1929

1937-1981

1981-2019

Real Wage Growth (%)

1.3

1.9

0

Inflation (%)

0.6

4.3

2.8

GDPpc growth (%)

1.7

2.8

1.8

Real Interest (%)

4.1

0.7

4.3

Real stock Returns (%)

8.1

5.3

8.4

Imports (%GDP)

5.0

4.6

13.0

Trade Def (%GDP)

-1.5

-0.8

+2.6

Fiscal Deficit (%GDP)

0.2

2.9

3.2