Nov. Durable Goods Exceed Annual GDP of Chile
CENSUS BUREAU -- Shipments of manufactured durable goods in November, up three consecutive months, increased $0.5 billion or 0.3 percent to $175.9 billion.
For the entire year of 2008, the entire output (GDP) of these countries was:
Singapore: $181.9 billion
Ukraine: $179.6 billion
Chile: $169.5 billion
Philippines: $166.9 billion
Pakistan: $164.5 billion
Bottom Line: In just the single month of November (a month following a severe recession and with durable goods about 25% below their pre-recession level), the value of durable goods manufactured in the U.S. is close to or even exceeds the entire output of many countries in the world like Chile and Philippines.