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Jeremy Horpedahl highlights that, even when using GDP based on purchasing power parity (PPP) per hour as a metric, the U.S. demonstrates strong economic performance. Only Denmark has a higher GDP per hour, exceeding the U.S. by about 10 percent, while Norway’s elevated GDP is attributed to oil-related factors.
Horpedahl adds that the U.S. GDP per hour is 15 to 25 percent greater than that of the Anglosphere, which he identifies as the country’s most culturally and institutionally similar peers.
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Horpedahl has previously reported that real median personal income in the U.S. rose 57% from 1974 to 2024, outpacing inflation over the period. He has also noted that less than 10% of Americans use safe deposit boxes, while most households maintain checking or savings accounts. These findings offer additional context to his analysis of U.S. economic performance.