The Long-Term Decline of US GDP Growth: Chart

The fundamental long-term trend of the US economy is a slow downward slope according to a recent article by Prof. John Ross at Renmin University of China. The average annual growth rate of the US economy fell from 4.4% in 1969, to 4.1% in 1978. Then it fell again to 3.2% in 2002. By the first quarter of this it reached a low of 2.2%.

The following chart shows the US long-term annual growth rate:

Source: Why the US economy remains locked in slow growth, Key Trends in Globalisation, June 12, 2017

Though the economy has slowed down considerably since the 70s the equity markets have had multiple bull markets since then including the most recent bull market after the global financial crisis.

The Historical Average Annual Returns of Australian Stock Market Since 1900

The 124 historical returns from 1900 to 2023 of the Australian stock market is shown in the chart below. The average annual return was 13.0%. In addition, for the majority of the years shown Aussie stocks earned a positive return. In 2023, the market had a return of 13%.

For the latest chart click: Average Annual Returns of Australian Stock Market from 1900 to 2024

Click to  enlarge

-Updated on Jan 23, 2024 with 2023 data.

Source: Market Index

Download the 124 historical returns of the Australian Market in pdf format:

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Older posts:

Australia is one of the top-performing equity market especially in the long run. As a developed country Australia offers many of the advantages of a typical developed market such as transparency and the rule of law.

Investors looking to diversify by holding international stocks should consider Aussie stocks. This is because not only they have one of the highest dividend yields in the world but also in the long run their performance is excellent.

Update(2/19/19): An earlier version of this chart incorrectly showed the average annual returns as 9.96%.

The following graphic shows the historical annual returns of Australian stocks from 1990 thru 2018:

Click to enlarge

Notes:

  • The returns shown above are total returns (i.e. share price returns + dividends).
  • The returns shown are in the local currency.
  • The returns are for the All Ordinaries Index.

Source: Australian Sharemarket – 117 Years of Historical Returns, MarketIndex.com.au

Since 1990, Aussie stocks have returned an average of 13.1% per year. A return of this magnitude is indeed great. In most of the years the market yielded positive returns.

Related ETF:

  • iShares MSCI Australia ETF (EWA)

Download: Australian Sharemarket – 119 Years of Historical Returns (in pdf)

See Also:

Updated – 6/5/21:

1)All Ordinaries Accumulation Index returns from 1900 to 2010:

Click to enlarge

Australia Stock Market Growth From 1876 To 2018:

Source: CuffeLinks

2) History of Australian Share Market From 1900 Thru 2010:

Source: Sapience

3. All Ordinaries Cycles from 1875 to 2007:

Click to enlarge

Source: Fusion Investing

4.Annual Real Return from Australian Stock Market by Decade from 1900:

Source: 10 years of investing in Australia, Allan Gray

5.All Ordinaries Index Real Returns since 1875:

Source: The Dow Hitting 20,000 And What It Hides, Investing,com

6.Australian Equity Price 1897:

Source: RBA

7.Australia Bull and Bear Markets since 1970:

Source:  Zurich Australia

8.Australia All Ordinaries Index Vs SP 500 from 1980 to 2012:

Source: dshort.com

9.Australian All Ordinaries Accumulation Index from 1979 to 2019:

Source:  Livemarkets

10.Australia All Ordinaries Price Index Returns from 1900 to early 2020:

Source: ABC News

Disclosure: No Positions

11) 111 Years Returns of the Australia Stock Market:

Source: Macrobusiness

12.Dividend and Capital Gains contributions to Total Returns in Select Countries:

Source: Property vs shares? The long-term verdict,  Westpac

13.Australian Stock Market since 1938:

Source: Market Index

14) 109 years of Australian sharemarket returns and the benefits of investing following a negative year:

Click to enlarge

Source: Merideon

15) Australian Shares Total Returns Since Federation – Under Right and Left Political Parties:

Click to enlarge

Source:  Which political party is best for share prices?,  Firstlinks

16) ASX All Ordinaries sharemarket annual returns:

Click to enlarge

Source: Allan Gray

17)Long Term Average Return vs. yearly Returns:

Click to enlarge

Source: APW Partners

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Checkout also:

You may also  like:

  1. The Complete List of Australian ADRs 
  2. The 2021 Andex Chart for Australian Investors: Chart
  3. The Australian ASX Index Returns by Year
  4. Bear Markets in Australian Stocks since 1900
  5. Australian Stock Market Intra-Year Gains and Declines vs. Calendar Year Returns 2001 To 2017
  6. Real Total Returns From Stocks – Australia vs. USA Since 1900: Chart
  7. Australian Stocks: Dividend Contribution to Total Returns Since 1900
  8. Australian vs. Global Share Returns in 30 Years: Chart
  9. The Economy of Australia: Infographic
  10. Why Australia Is Attractive For Dividend Stock Investors

The 2017 GDP Forecast For Top 29 Economies

The top 29 global economies based on forecast 2017 GDP in terms of purchasing-power parity are listed in the graphic below:

Click to enlarge

Source: In the world’s GDP ‘trillionaire’s club,’ Canada is looking pretty feeble, Financial Post, June 1, 2017

China is projected to have the largest GDP this year followed by the EU and US. The combined GDP of the US states of California and Texas is higher than the GDP of Russia.

Readers should note that the above chart is purely based on GDP figures. So even though Russia is shown as slightly better than Indonesia, it does not mean Indonesia is almost equal to Russia in any way.

The World’s Top 100 Non-Financial MNEs by Foreign Assets from Transition and Developing Economies 2016

I posted the list of The World’s Top 100 Non-Financial MNEs by Foreign Assets 2016 yesterday from the World Investment Report 2017 published by UNCTAD.

In this post, let us take a quick look at the top 100 MNE by foreign assets from transition and developing economies. The attached Excel below also shows how much revenue the top MNEs generate from foreign countries relative to total revenue.

The World’s Top 100 Non-Financial MNEs by Foreign Assets from Transition and Developing Economies in 2015 are shown in the table below:

Ranking by Foreign AssetsCorporationHome EconomyIndustryForeign assets (in millions of dollars)Total assets (in millions of dollars)
1CK Hutchison Holdings LimitedHong Kong, ChinaRetail Trade118 250133 280
2China National Offshore Oil Corp (CNOOC)ChinaMining, quarrying and petroleum66 673179 228
3Hon Hai Precision IndustriesTaiwan Province of ChinaElectronic components64 04070 244
4Samsung Electronics Co., Ltd.Korea, Republic ofCommunications equipment62 294205 860
5Petronas - Petroliam Nasional BhdMalaysiaMining, quarrying and petroleum47 912139 868
6China COSCO Shipping Corp LtdChinaTransport and storage43 07655 642
7Vale SABrazilMining, quarrying and petroleum35 33887 251
8China Minmetals CorpChinaMetals and metal products35 165107 933
9América Móvil SAB de CVMexicoTelecommunications34 48074 624
10Tata Motors LtdIndiaMotor Vehicles30 58940 646
11Cemex S.A.B. de C.V.MexicoStone, Clay, Glass, and Concrete Products26 83031 212
12Hanwha CorporationKorea, Republic ofWholesale Trade26 326123 783
13China State Construction Engineering Corp Ltd (CSCEC)ChinaConstruction25 472165 740
14Singapore Telecommunications LtdSingaporeTelecommunications25 30932 410
15New World Development LtdHong Kong, ChinaConstruction24 99051 345
16Formosa Plastics GroupTaiwan Province of ChinaChemicals and Allied Products24 490102 732
17Tencent Holdings LimitedChinaComputer and Data Processing24 08647 308
18Oil and Natural Gas Corp LtdIndiaMining, quarrying and petroleum23 92153 765
19China National Chemical Corporation (ChemChina)ChinaChemicals and Allied Products23 79551 382
20Hyundai Motor CompanyKorea, Republic ofMotor Vehicles23 450140 568
21Sabic - Saudi Basic Industries Corp.Saudi ArabiaChemicals and Allied Products22 87087 525
22China National Petroleum Corp (CNPC)ChinaMining, quarrying and petroleum22 168622 018
23Sinopec - China Petrochemical Corporation eChinaPetroleum Refining and Related Industries21 943362 873
24Legend Holdings CorporationChinaComputer Equipment21 16447 220
25CapitaLand LtdSingaporeConstruction20 76333 227
26Sun Hung Kai Properties LtdHong Kong, ChinaConstruction20 56577 949
27Wilmar International LimitedSingaporeFood & beverages20 54836 926
28Lukoil OAORussian FederationPetroleum Refining and Related Industries19 94267 754
29Ooredoo QSCQatarTelecommunications19 42925 866
30Etisalat - Emirates Telecom Corp.United Arab EmiratesTelecommunications19 35934 926
31Jardine Matheson Holdings LtdHong Kong, ChinaWholesale Trade18 80966 581
32Fosun International LimitedChinaMetals and metal products18 19362 820
33Lenovo Group LtdChinaComputer Equipment17 86924 933
34Sinochem GroupChinaMining, quarrying and petroleum17 67654 682
35Genting BhdMalaysiaHotels and restaurants17 05520 734
36First Pacific Company LtdHong Kong, ChinaFood & beverages16 42517 199
37Abu Dhabi National Energy Co PJSC (TAQA)United Arab EmiratesElectricity, gas and water16 20829 617
38POSCOKorea, Republic ofMetals and metal products15 16168 350
39Noble Group LtdHong Kong, ChinaWholesale Trade14 86317 052
40Tata Steel LtdIndiaMetals and metal products14 64126 815
41YTL Corporation BhdMalaysiaConstruction14 41217 691
42Naspers LtdSouth AfricaTelecommunications14 23716 723
43Dalian Wanda GroupChinaConstruction13 912139 115
44JBS SABrazilAgriculture, forestry, & fishing13 78730 932
45DP World LimitedUnited Arab EmiratesTransport and storage13 74220 259
46Sasol LimitedSouth AfricaChemicals and Allied Products13 40230 370
47Quanta Computer IncTaiwan Province of ChinaComputer Equipment13 36716 176
48Gazprom JSCRussian FederationMining, quarrying and petroleum13 337230 119
49Shangri-La Asia LtdHong Kong, ChinaHotels and restaurants13 04713 285
50Bharti Airtel LimitedIndiaTelecommunications12 52734 070
51Fomento Economico Mexicano SABMexicoFood & beverages11 98523 561
52Gerdau SABrazilMetals and metal products11 94117 699
53MTN Group LtdSouth AfricaTelecommunications11 63420 156
54Hindalco Industries LtdIndiaMetals and metal products11 16221 155
55Infosys LimitedIndiaComputer and Data Processing11 11611 379
56China Mobile LimitedChinaTelecommunications11 008220 167
57CLP Holdings LtdHong Kong, ChinaElectricity, gas and water10 82326 317
58Tata Consultancy ServicesIndiaComputer and Data Processing10 81813 448
59Doosan CorpKorea, Republic ofElectronic components10 73026 824
60Axiata Group BhdMalaysiaTelecommunications10 61313 011
61Flex LtdSingaporeElectronic components10 57012 385
62Mobile Telecommunications Company KSC (Zain)KuwaitTelecommunications10 54111 512
63Sonatrach eAlgeriaMining, quarrying and petroleum10 383103 830
64Broadcom LimitedSingaporeElectronic components10 28710 592
65China Electronic Information Industry Group Co., Ltd. (CEC)ChinaComputer and Data Processing10 23938 205
66Cofco CorpChinaFood & beverages10 19570 682
67Keppel Corp LtdSingaporeOther Transportation Equipment9 93520 423
68San Miguel CorpPhilippinesFood & beverages9 92226 599
69Petroleo Brasileiro SABrazilMining, quarrying and petroleum9 899227 284
70WH Group LimitedHong Kong, ChinaAgriculture, forestry, & fishing9 57314 301
71Reliance Industries LimitedIndiaPetroleum Refining and Related Industries9 29392 484
72Grupo Bimbo SAB de CVMexicoFood & beverages9 01411 491
73Sime Darby BhdMalaysiaWholesale Trade8 81916 508
74Pou Chen CorpTaiwan Province of ChinaTextiles, clothing and leather8 4428 540
75Mediclinic International PLCSouth AfricaHealth care services8 2909 419
76Petróleos de Venezuela SAVenezuela, Bolivarian Republic ofMining, quarrying and petroleum8 122201 943
77Golden Agri-Resources LtdSingaporeFood & beverages8 0368 036
78Olam International LtdSingaporeFood & beverages7 19114 683
79Wistron CorpTaiwan Province of ChinaComputer Equipment7 1838 837
80China Communications Construction Company LtdChinaConstruction7 131112 721
81Galaxy Entertainment Group LtdHong Kong, ChinaHotels and restaurants7 0497 142
82Ternium SAArgentinaMetals and metal products6 9828 063
83Shenzhen International Holdings LimitedHong Kong, ChinaTransport and storage6 8897 612
84Aspen Pharmacare Holdings LimitedSouth AfricaPharmaceuticals6 7128 298
85Alfa, S.A.B. de C.V.MexicoMetals and metal products6 69415 351
86Sembcorp Industries LimitedSingaporeElectricity, gas and water6 63814 064
87China Resources Beer (Holdings) Company LimitedHong Kong, ChinaRetail Trade6 5866 587
88Guangdong Investment LtdHong Kong, ChinaElectricity, gas and water6 5746 982
89Compal Electronics IncTaiwan Province of ChinaComputer Equipment6 5359 979
90Banpu Public Company LimitedThailandMining, quarrying and petroleum6 4996 553
91City Developments LtdSingaporeReal Estate6 44014 348
92LG Electronics Inc.Korea, Republic ofElectric equipment6 42930 868
93Grupo Mexico, S.A. de C.V.MexicoMining, quarrying and petroleum6 20722 254
94Li & Fung LtdHong Kong, ChinaWholesale Trade5 9667 933
95Mexichem SAB de CVMexicoRubber and Miscellaneous Plastic Products5 7728 670
96Embraer - Empresa Bras De Aeronautica SABrazilAircraft5 49711 506
97BRF S.A.BrazilAgriculture, forestry, & fishing4 95410 198
98Gold Fields LtdSouth AfricaMining, quarrying and petroleum4 8925 878
99HNA Group Co LtdChinaTransport and storage4 76795 339
100SK Hynix IncKorea, Republic ofElectronic components4 70825 227

Source: World Investment Report 2017, UNCTAD

Two observations:

  • Firms from China dominates the above list. This is not surprising since China is the largest developing economy.
  • Gazprom(OGZPY) and Lukoil (LUKOY) the only Russian firms that appear in this ranking are from the energy industry.

Download:  The World’s Top 100 Non-Financial MNEs by Foreign Assets from Transition and Developing Economies 2016(in Excel)

Disclosure: No Positions