United States/Economy

Economy of United States

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

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GDP (USD)
$27.7T(2023)
GDP PPP (USD)
$27.7T(2023)
GDP per Capita (USD)
$82,769(2023)
GDP Growth (inflation-adjusted)
2.9%(2023)
Inflation (CPI Annual %)
2.9%(2024)

Trade & Finance

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Exports (as share of GDP)
11%(2023)
Imports (as share of GDP)
13.9%(2023)
FDI Inflows (as share of GDP)
1.3%(2023)
Remittance Inflow (USD)
$7.7B(2023)
Tax Revenue (as share of GDP)
10.6%(2023)

Labor & Income

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Unemployment Rate
4.1%(2024)
Employment in Services
79.1%(2023)
GINI Index
41.8(2023)
GNI per Capita (USD)
$80,450(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
6428 kg oil eq.(2023)
Renewable Energy Consumption (%)
10.9%(2021)

Economic Snapshot Overview

A summary of key economic indicators for United States

  • The economic architecture of United States is substantial, anchored by a Gross Domestic Product (GDP) of approximately $27.72T
    2023
    . This places it as the 1st largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $82.77K
    2023
    . As the baseline for Purchasing Power Parity (PPP) calculations, the U.S. has a PPP conversion factor of 1.0, meaning its nominal GDP and GDP (PPP) are identical in the same year, reflecting its benchmark status in global economic comparisons. The economy demonstrates solid growth, expanding at a rate of 2.9%
    2023
    , accompanied by stable price levels, with inflation (CPI) at 2.9%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The nation runs a trade deficit, with exports at 11.0% of GDP and imports at 13.9%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 1.26% of the economy
    2023
    . This performance positions the country 119th globally out of 186 nations, indicating its relative attractiveness to foreign capital. Additionally, personal remittances received amount to a substantial $7.74B annually
    2023
    , highlighting the economic importance of its diaspora. The government faces fiscal constraints, with tax revenue representing only 10.6% of GDP
    2023
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $80,450
    2023
    . Globally, this ranks the nation 5th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is stable, with unemployment at 4.1%
    2024
    . The services sector is a primary driver of the labor market, accounting for 79.1% of total employment
    2023
    . There is a moderate level of income inequality, with a Gini index of 41.8
    2023
    .
  • On the environment and energy front, energy consumption per capita is 6,428.363 kg of oil equivalent
    2023
    . The energy mix is still heavily reliant on traditional sources, with renewables contributing 10.9%
    2021
    . Its commitment to clean energy places it 53rd among 190 countries for its share of renewable energy consumption.

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

The economy is primarily driven by domestic demand, with limited exposure to global trade fluctuations but also fewer opportunities for export-led growth.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.

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.