The economic architecture of United States is unparalleled, defined by a colossal Gross Domestic Product (GDP) of approximately $27.72T
2023
. As the world's largest economy out of 192 countries measured, it serves as a primary engine of global growth, shaping international market trends and investment flows. Its economic policy decisions have far-reaching implications across the globe. On a per capita basis, GDP stands at $82.77K
2023
. As the benchmark for global Purchasing Power Parity (PPP) comparisons, the U.S. dollar's role means the nation's nominal GDP and GDP (PPP) are identical, reflecting its central position in the international economic framework. The economy demonstrates solid, consistent growth, expanding at a healthy rate of 2.9%
2023
, accompanied by a stable price environment, with inflation (CPI) contained at 2.9%.
2024
On the global stage, United States's trade and financial dynamics reveal a complex interplay of international and domestic factors. The country exhibits a balanced trade profile, with exports making up 11.0% of GDP and imports 13.9%
2023
. The investment climate attracts significant Foreign Direct Investment (FDI), with inflows constituting 1.26% of the economy
2023
. This performance positions the country 120th globally out of 187 nations, confirming its status as a competitive destination for foreign capital. Furthermore, personal remittances from its diaspora are a vital component of the economy, amounting to a substantial $7.74B annually
2023
. The government operates under fiscal constraints, with a limited tax base that generates revenue equivalent to only 10.6% of GDP.
2023
The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $80,450
2023
, ranking the nation 5th out of 191. This figure provides a comprehensive measure of the average income per person, reflecting the nation's overall economic well-being. The labor market remains stable, with an unemployment rate of 4.1%.
2024
A key feature of the workforce is its concentration in the services sector, which accounts for 79.1% of total employment
2023
. The nation exhibits a moderate degree of income inequality, with a Gini index of 41.8.
2023
In the environmental and energy sectors, the nation's policies and outcomes reflect its developmental priorities. Energy consumption per capita stands at 6,428.363 kg of oil equivalent
2023
, a metric that often correlates with industrial activity and living standards. The energy portfolio remains heavily dependent on conventional sources, with renewables contributing a modest 10.9%
2021
. This commitment places it 53rd among 191 countries, highlighting its relative progress in decarbonization. Total greenhouse gas emissions were last recorded at 5.96M tonnes of CO2 equivalent
2023
, a key factor in its national climate strategy and international obligations.

Key Economic Insights

Macroeconomic Health

Balancing growth, inflation, and employment remains the core challenge for economic stewardship.

Trade & Investment Profile

Primarily fueled by domestic demand, the economy has a degree of insulation from global trade volatility but may miss export-led growth opportunities.

Social Equity & Distribution

Ensuring equitable distribution of economic gains is fundamental for long-term social and political stability.

Energy & Sustainability

The transition to a sustainable energy framework is paramount for mitigating climate risk and securing future energy needs.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.