United States - Economy
How is the economy of United States? Based on the information we have, United States has a

world’s largest economy by nominal GDP; largest importer and second-largest exporter; home to leading financial exchanges and global reserve currency; high and growing public debt; inflation moderating but remains above pre-pandemic levels

. Key agricultural products in this country include: maize, soybeans, milk, wheat, sugar beets, sugarcane, potatoes, chicken, pork, tomatoes (2023).
More about the economy of United States
Labor force 174.174 million (2024 est.)
Industrial production growth rate 3.25% (2021 est.)
Industries highly diversified, world leading, high-technology innovator, second-largest industrial output in the world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining
Population below poverty line
Taxes and other revenues 10.6% (of GDP) (2023 est.)
Fiscal year
Exchange rates
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $910.037 billion (2024 est.)
Reserves of foreign exchange and gold 2023 $773.426 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $706.644 billion (2022 est.)
Current account balance
Current account balance 2024 -$1.134 trillion (2024 est.)
Current account balance 2023 -$905.378 billion (2023 est.)
Current account balance 2022 -$1.012 trillion (2022 est.)
Public debt
Public debt 2023 114.8% of GDP (2023 est.)
Budget
Revenues $4.877 trillion (2023 est.)
Expenditures $6.857 trillion (2023 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 0% of GDP (2024 est.)
Remittances 2023 0% of GDP (2023 est.)
Remittances 2022 0% of GDP (2022 est.)
Household income
Lowest 10% 1.8% (2023 est.)
Highest 10% 30.4% (2023 est.)
Average household expenditures
On food 6.8% of household expenditures (2023 est.)
On alcohol and tobacco 1.9% of household expenditures (2023 est.)
Imports
Imports 2024 $4.108 trillion (2024 est.)
Imports 2023 $3.857 trillion (2023 est.)
Imports 2022 $3.984 trillion (2022 est.)
Imports (partners) Mexico 15%, China 15%, Canada 14%, Germany 5%, Japan 5% (2023)
Comodities Imports force cars, crude petroleum, broadcasting equipment, computers, garments (2023)
Exports
Imports 2024 $4.108 trillion (2024 est.)
Imports 2023 $3.857 trillion (2023 est.)
Imports 2022 $3.984 trillion (2022 est.)
Exports (partners) Canada 14%, Mexico 13%, China 8%, Germany 5%, Japan 4% (2023)
Comodities Exports force crude petroleum, refined petroleum, natural gas, gas turbines, cars (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $25.676 trillion (2024 est.)
Real GDP (purchasing power parity) 2023 $24.977 trillion (2023 est.)
Real GDP (purchasing power parity) 2022 $24.276 trillion (2022 est.)
GDP (official exchange rate) $29.185 trillion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $75,500 (2024 est.)
Real GDP per capita 2023 $74,200 (2023 est.)
Real GDP per capita 2022 $72,700 (2022 est.)
GDP - composition, by sector of origin
Agriculture 0.9% (2024 est.)
Industry 17.3% (2024 est.)
Services 79.7% (2024 est.)
GDP - composition, by end use
Household consumption 67.9% (2024 est.)
Government consumption 13.4% (2024 est.)
Investment in fixed capital 21.6% (2024 est.)
Investment in inventories 0.1% (2024 est.)
Exports of goods and services 10.9% (2024 est.)
Imports of goods and services -14% (2024 est.)
Unemployment rate
Unemployment rate 2024 4.2% (2024 est.)
Unemployment rate 2023 3.7% (2023 est.)
Unemployment rate 2022 3.7% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 9.4% (2024 est.)
Male 10.4% (2024 est.)
Female 8.3% (2024 est.)
All Important Facts about United States

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United States is found in North America