Economy of USA
Population: 327.17 M (2018)
GDP per Capita: 62,795 USD (2018)
20,544 B.

GDP USD

(2018)

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2,510 B.

EXPORTS USD

(2018)

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3,148 B.

IMPORTS USD

(2018)

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103.33 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.93 % (2018)
GDP of 2010 USD USD 17,856.50 B. (2018)
GDP Current USD USD 20,544.34 B. (2018)
GDP per Capita Current USD USD 62,795 (2018)
GDP per capita, PPP USD 55,719 (2018)
GDP per Capita, 2010 USD USD 54,579 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.14 % (2018)
Government Spending USD 2,904.31 B. (2018)
Government Debt % GDP 103.33 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 99.84 (2018)
Trade Openness 27.54 % (2018)
Exports of Goods and Services % GDP 12.22 % (2018)
Exports Goods & Services USD 2,510.25 B. (2018)
Exports Annual Growth 3.02 % (2018)
Imports as % GDP 15.33 % (2018)
Total Imports USD 3,148.46 B. (2018)
Foreign Direct Investment % GDP 1.26 % (2018)
Foreign Direct Investment USD 258.39 B. (2018)
Current Account Balance % GDP USD -2.39 % (2018)
Current Account Balance USD -490.99 B. (2018)
Trade Balance % GDP -3.11 % (2018)
Trade Balance USD -627.69 B. (2018)
Foreign Exchange Reserves incl Gold USD 449.91 B. (2018)
Remittances % GDP 0.03 % (2018)
Remittances 0.03 % (2018)
Balance of Payments USD 42,287 M. (2018)

Labor Market

Indicator Value
Labor Force 165.74 M. (2019)
Unemployment Rate 3.87 % (2019)
Unemployment Rate Females 3.62 % (2019)
Unemployment Rate Males 3.74 % (2019)
Youth Unemployment (ages 15-24) 8.37 % (2019)
Labor Force Participation Rate 61.75 % (2019)
Labor Force (Percent Female) 46.03 % (2019)
Female Labor Force Participation Rate 55.78 % (2019)
Male Labor Force Participation Rate 67.93 % (2019)
Dependent People 52.71 % (2018)

Agriculture Sector

Indicator Value
Forest Area 33.90 % (2016)
Forest Area km² 3,103,700 km² (2016)
Agricultural Land 44.37 % (2016)
Agricultural Land km² 4,058,625 km² (2016)
Employment 1.41 % (2019)
Value added % GDP 0.92 % (2017)
Agriculture Value added USD 178.58 B. (2017)
Crop Production Index 122.20 (2016)
Precipitation 715 mm (2014)
Arable Land 17 % (2016)
Cereal Yield 8,281 kg/hectare (2017)
Food production index 122 (2016)
Rural Population 18 % (2018)
Fertilizer use of Arable Land 139 kg/hectare (2016)
Livestock Production Index 110 (2016)
Economy of USA

According to the World Bank and its latest published data, the economy of the USA presents a growth rate of 2.93 % (2018) to the previous year.

With a population that reaches 327.17 M (2018) and a gross domestic product of USD 20,544.34 B. (2018), it translates a Gross Domestic Product per Capita of USD 62,795 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

USA also has a workforce of 165.74 M. (2019) with an unemployment rate of 3.87 % (2019), where women represent 3.62 % (2019) and men 3.74 % (2019), the unemployment rate for young people between 15-24 years old stood at 8.37 % (2019). The total number of dependent people stands at 52.71 % (2018).

The central government spent 14.14 % (2018) of its gross domestic product that year, which in absolute terms is USD 2,904.31 B. (2018). Its consolidated public debt reached 103.33 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, USA exported USD 2,510.25 B. (2018), which represents 12.22 % (2018) of its gross domestic product, in that same sense its imports reached USD 3,148.46 B. (2018) with a direct foreign investment of USD 258.39 B. (2018).

USA has a forest area of 3,103,700 km² (2016), which represents 33.90 % (2016) of its total area, an average rainfall of 715 mm (2014) per year and a population of 18 % (2018) living in rural areas. With a total area of 4,058,625 km² (2016) available for agriculture and 1.41 % (2019) of its employments, the agricultural sector contributes to the economy of the USA about USD 178.58 B. (2017) (0.92 % (2017) of its GDP).