Thursday, May 21, 2026

Biden vs. Trump: Some economic comparisons | Economic Explorer


GDP, employment, manufacturing, debt, unemployment, etc.

figure 1: GDP under Biden ($1 billion in 2017) relative to the first quarter administration (blue), GDP is now 3/7 (sky blue square) under Trump (orange). Source: BEA, Federal Reserve Bank of Atlanta, and author's calculations.

figure 2: Nonfarm payroll employment under Biden compared with the first quarter (blue) under the Trump administration (orange). Source: BLS and author's calculations.

image 3: Unemployment rate under Biden (blue), unemployment rate under Trump (orange). Source: Bureau of Labor Statistics.

Figure 4: Manufacturing employment under Biden compared to the first quarter (blue) under the Trump administration (orange). Source: BLS and author's calculations.

Figure 5: Manufacturing production under Biden relative to the first quarter (blue) of the Trump administration (orange). Source: BLS and author's calculations.

Figure 6: Changes in the federal debt-to-GDP ratio under Biden relative to the first quarter of the Trump administration (blue) and under Trump (orange). Source: BLS and author's calculations.



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