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ENGLISH SPEAKING COUNTRIES



United States Economy


The economy of the USA

Here are some facts about United States economy:

  • The economy of the United States is the world's largest national economy. Its nominal GDP (Gross Domestic Produact) was estimated to be nearly $14.5 trillion in 2010, approximately a quarter of nominal global GDP
  • The U.S is the largest trading nation in the world. Its three largest trading partners as of 2010 are Canada, China and Mexico.
  • The economy of the United States is a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. It has been the world's largest national economy (not including colonial empires) since at least the 1890
  • Most of the economy is classified as services. The country remains the world's largest manufacturer, representing a fifth of the global manufacturing output. 133 of the world's 500 largest companies are headquartered in the United States.
  • The country is one of the world's largest and most influential financial markets. Foreign investments made in the United States total almost $2.4 trillion,
  • American investments in foreign countries total over $3.3 trillion.
  • The labor market in the United States has attracted immigrants from all over the world and its net migration rate is among the highest in the world. The United States is one of the top-performing economies in studies such as the Ease of Doing Business Index, the Global Competitiveness Report, and others.

Sectors

Retailing

Retailing is a major sector of the economy of the United States; indeed, it is often credited with "leading" the economy. Consumer goods are commonly obtained through international trade, but many consumer products are available that are "made in America"

Energy

The United States is the 2nd largest energy consumer in terms of total use.The majority of this energy is derived from fossil fuels. Nuclear power supplied 8.4% and renewable energy supplied 6.8%, which was mainly from hydroelectric dams although other renewables are included. American dependence on oil imports grew from 24% in 1970 to 65% by the end of 2005.

Agriculture

Agriculture is a major industry in the United States and the country is a net exporter of food. With vast tracts of temperate arable land, technologically advanced agribusiness, and agricultural subsidies, the United States controls almost half of world grain exports.

Products include wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products, forest products, fish.

Manufacturing

The United States is the world's largest manufacturer, with a 2009 industrial output of US$2.33 trillion. Its manufacturing output is greater than of Germany, France, India, and Brazil combined.

Main industries include petroleum, steel, automobiles, construction machinery, aerospace, agricultural machinery, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, and mining.

Finance

Measured by value of its listed companies' securities, the New York Stock Exchange is more than three times larger than any other stock exchange in the world. As of October 2008, the combined capitalization of all domestic NYSE listed companies was US$10.1 trillion

More on the US economy: Wikipedia

Here is a list of pages about the USA: