Economy of the United States - Wikipedia, the free encyclopedia

Economy of the United States - Wikipedia, the free encyclopedia

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10/13/2014 Economy of the United States - Wikipedia, the free encyclopedia 1/30 Economy of the United States of America New York City, the financial center of the United States. Rank 1st (nominal) 1st (PPP) Currency US$ (USD) Fiscal year October 1, 2012 – September 30, 2013 Statistics GDP $17.311 trillion (Q2 2014) [1] GDP growth 6.8% (nominal; Q2 2014) [1] 4.6% (real; Q2 2014) [2] GDP per capita $53,001 (2013) 9th (nominal) / 6th (PPP) GDP by sector Agriculture: 1.2% Industry: 19% Services: 80% (2011) [3] Inflation (CPI) 1.7% (June 2014) [4] Population below poverty line 14.5% (2013) [5] Gini coefficient 38 (2013) [6] Labor force 156.08 million (8.98 mil. unemployed) (Q2 2014) [3] Labor force by occupation Farming, Forestry, and Fishing: 0.7% Manufacturing, Extraction, Transportation, and Crafts: 12% Managerial, Professional, and Technical: 38% Sales and Office: 23% Installation, Maintenance, and Repair: 3.3% Other Services: 23% (June 2014) [note: figures exclude the unemployed] [7] Unemployment 5.9% (September 2014) [8] Average gross salary $55,048 (2012) [9] Main industries petroleum, steel, motor vehicles, aerospace, telecommunication, chemicals, electronics, food processing, consumer goods, lumber, mining Ease-of-doing- business rank 4th [10] External Exports $1.57 trillion (2013) [11] Export goods Capital goods, 28% industrial supplies and materials (except oil fuels), 25% consumer goods (except automotive), 12% automotive vehicles and components, 9.4% food, animal feed, and beverages, 8.6% fuel oil and petroleum products, 7.6% Economy of the United States From Wikipedia, the free encyclopedia Throughout this article, the unqualified term "dollar" and the $ symbol refer to the US dollar. The United States of America is the world's largest national economy. [22] The United States' nominal GDP was estimated to be $17.311 trillion as of Q2 2014, [23] approximately a quarter of nominal global GDP. [24][25] Its GDP at purchasing power parity is also the largest of any country in the world, approximately 18% of the global total. [26][27] The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency. [28] Several countries use it as their official currency, and in many others it is the de facto currency. [29] The United States has a mixed economy [30][31] and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. [32] Its six largest trading partners are Canada, China, Mexico, Japan, Germany, and South Korea. [33] The US has abundant natural resources, a well- developed infrastructure, and high productivity. [34] It has the world's ninth-highest per capita GDP (nominal) and tenth-highest per capita GDP (PPP) as of 2013. [35][36] The U.S. is the world's largest producer of oil [37] and natural gas. [38] It is the second-largest trading nation in the world behind China. [39] It has been the world's largest national economy (not including colonial empires) since at least the 1890s.
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